Innovator ETFs: Defined Outcome ETF Caps & Distribution Rates
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CAPS & DISTRIBUTION RATES
ETFs Rebalancing & Listing August 2024
View Starting Rates
ETFs Rebalanced & Listed July 2024
100% Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Avg. Cap Cap Range
ZAUG Listing 8/1! Equity Defined Protection ETF SPY 100% Buffer¹ 1 Year - 8.76% - 9.33%3
 
Buffer ETFs™
Ticker   Name Ref. Asset Protection Outcome Period Avg. Cap2 Cap Range
KAUG Listing 8/1! U.S. Small Cap Power Buffer ETF IWM 15% Buffer 1 Year - 17.58% - 18.76%3
NAUG Listing 8/1! Growth-100 Power Buffer ETF QQQ 15% Buffer 1 Year - 15.83% - 18.49%3
IAUG Listing 8/1! Intl Developed Power Buffer ETF EFA 15% Buffer 1 Year - 13.01% - 19.26%3
BAUG   U.S. Equity Buffer ETF SPY 9% Buffer 1 Year 17.32% 16.18% - 17.91%4
PAUG   U.S. Equity Power Buffer ETF SPY 15% Buffer 1 Year 13.41% 13.01% - 13.75%4
UAUG   U.S. Equity Ultra Buffer ETF SPY 30% (-5 to -35%) Buffer 1 Year 13.84% 13.19% - 14.00%4
ZAUG, IAUG, NAUG, AND KAUG ARE NOT YET AVAILABLE FOR TRADING. CLICK THE TICKER TO VIEW THE FUND'S SEC FILING. INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT. A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER SECURITIES LAWS OF ANY SUCH STATE. AN INDICATION OF INTEREST IN RESPONSE TO THIS ADVERTISEMENT WILL INVOLVE NO OBLIGATION OR COMMITMENT OF ANY KIND.
1. Before fees and expenses.
2. The Avg. Cap is illustrated by the funds' strategy, based upon the 5 previous trading days of record, as of 7/24/2024. It does not represent the actual cap or rate that will be set on the date of rebalance, which may fall outside the stated cap ranges, due to extreme market volatility.
3. The estimated cap range is based on the 21 trading days prior to July 17th and is shown gross of the fund's management fee.
4. The estimated cap range and Defined Distribution Rate ranges are based on the highest and lowest Cap as illustrated by the Funds' strategy from 6/24/2024 - 7/23/2024 and are shown gross of the fund's management fee.
100% Buffer ETFs: seek to track the return of SPY, to a cap, with a 100% downside buffer over the outcome period, before fees and expenses.

Buffer ETFs™: Seek to provide investors with equity market appreciation, up to a cap, and downside buffer levels, over a 3-month or 1-year outcome period.

Premium Income Buffer ETFs™: Seek to provide shareholders that hold shares for the entire outcome period with a buffer against the first 9% or 15% of Underlying ETF losses during the outcome period. The Fund's shareholders will bear all Underlying ETF losses exceeding the buffer on a one-to-one basis. There is no guarantee that the Fund will be successful in its attempt to implement the Buffer.

Premium Income Barrier ETFs™: Seek to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, subject to the losses experienced by the S&P 500 Price Return Index, if such losses exceed the Barrier at the end of the Outcome Period.

Accelerated ETFs®: Seek to offer approximately 2 or 3 times the upside return of SPY or QQQ, to a cap, with approximately single exposure to the downside, over a 3-month or 1-year outcome period.

Reference Asset is the market in which the ETF pursues its defined investment outcome. Protection is the amount and type of downside risk management the fund seeks to provide. Outcome Period is to the time period the fund seeks to achieve its stated cap and buffer.
Upside/downside refers to the fund's upside and downside participation levels, to a cap, of the reference asset.
There is no guarantee the funds will achieve their investment objectives. The funds have characteristics unlike other traditional investment products and may not be suitable for all investors. Please see "investor suitability" in the prospectus. Shares purchased after the start of an outcome period may be subject to enhanced risks.
SPX: S&P 500 Price Return Index; SPY: SPDR® S&P 500® ETF Trust; QQQ: Invesco QQQ Trust; IWM: iShares Russell 2000 ETF; EFA: iShares MSCI EAFE ETF; EEM: iShares MSCI Emerging Markets ETF; TLT: iShares 20+ Year U.S. Treasury ETF