ZMAY – Innovator Equity Dfnd Prt ETF -1 Yr May – 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 7.31% (prior to taking into account management fees and other fees) while providing a buffer against 100% of Underlying ETF losses (prior to taking into account management fees and other fees), over the period from May 1, 2026 to April 30, 2027. Under normal circumstances the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the SPDR® S&P 500® ETF Trust (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
ZMAY	Innovator Equity Defined Protection ETF - 1 Yr May	ETF	Open	—	—	Apr 30, 2025	$82.71M	0.790%	—	—	$42.14M

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