Innovator U.S. Equity Ultra Buffer ETF™ - January UJAN Strategy

The investment seeks the fund seeks to provide investors with returns that match the return of the Underlying ETF, up to the upside cap of 11.40% while providing a buffer against Underlying ETF losses of between 5% and 35% (prior to taking into account management fees and other fees), over the period from January 1, 2026 to December 31, 2026. The fund advisor has adopted a policy pursuant to Rule 35d-1 under the 1940 Act to invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the State Street® SPDR® S&P 500® ETF Trust. The fund is non-diversified.