Innovator Equity Defined Protection ETF - 2 Yr to October 2026 (AOCT)

The Innovator Equity Defined Protection ETF - 2 Yr to October 2026 (AOCT) is a defined outcome fund from Innovator Capital Management. It is designed to track the price return of the SPDR S&P 500 ETF Trust up to a cap, while seeking to protect against all losses over a two-year outcome period that ends in October 2026.

The fund implements this structure with FLEX options on the S&P 500 ETF, combining positions so that downside is fully buffered at the end of the outcome period in exchange for upside limited to a predetermined cap. Dividends on the underlying ETF are not part of the return.

The full protection and cap apply only to investors holding for the entire outcome period; shares bought or sold mid-period may see different results.