XBFR — Innovator Equity Managed 10 Buffer ETF ☆

Innovator Equity Managed 10 Buffer ETF provides large-cap US exposure through companies reflecting the Solactive GBS United States 500 Index, with an options overlay to soften losses. FLEX puts aim to protect against the first 10% of losses across rolling one-year periods, with contracts staggered quarterly, while short-dated calls sold to pay for them limit some upside. Losses past 10% are unprotected and fund expenses erode the buffer.