Innovator International Developed Power Buffer ETF February (IFEB)

The Innovator International Developed Power Buffer ETF - February is a defined-outcome fund from Innovator ETFs. It seeks to track the returns of the iShares MSCI EAFE ETF, which represents large and mid-sized companies in developed markets outside North America, up to a cap, while buffering against the first 15% of losses over a one-year outcome period that begins each February.

The fund builds this payoff profile with FLexible EXchange options on the reference ETF. The cap is reset at the start of each new outcome period, and the buffer and cap apply only to investors who hold shares for the entire period. Purchases made partway through a period can result in a different level of protection and upside. IFEB is one of a series of monthly Innovator international buffer funds.