KSEP – Innovator U.S. Small Cp Pwr Buf ETF -Sep – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with returns that match the return of the Underlying ETF, up to the upside cap of 18.26% while providing a buffer against the first 15% of Underlying ETF losses, over the period from September 1, 2026 to August 31, 2027. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in FLexible EXchange® Options (“FLEX Options”) that reference the iShares Russell 2000 ETF (the “Underlying ETF”). The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
KSEP	Innovator U.S. Small Cap Power Buffer ETF - September	ETF	Open	—	—	Aug 30, 2024	$41.69M	0.790%	—	—	$7.26M

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