Innovator Double Stacker 9 Buffer ETF - October

C000222026 Fund Overview

Innovator Double Stacker 9 Buffer ETF - October is a US ETF managed by Innovator ETFs Trust, categorised as Developed ex-US Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Innovator ETFs Trust
• Category: Developed ex-US Large Cap Blend / Core Equity
• Assets under management: $14.09M
• 1-year return: 9.5%
• SEC CIK: 0001415726
• SEC series ID: S000069602
• Share class ID: C000222026

C000222026 Investment Objective and Strategy

Innovator Double Stacker 9 Buffer ETF - October describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Innovator ETFs Trust.

Investment objective

The Fund seeks to provide investors with returns that match those of the SPDR S&P 500 ETF Trust, up to the upside cap of 10.09% (prior to taking into account management fees and other fees) while providing a buffer against the first 9% (prior to taking into account management fees and other fees) of SPDR S&P 500 ETF Trust losses, over the period from October 1, 2022 to September 30, 2023. The Fund also seeks to provide investors with any positive returns of the Invesco QQQ Trust SM , Series 1, up to the upside cap of 10.09% (prior to taking into account management fees and other fees) over the period from October 1, 2022 to September 30, 2023.

Principal investment strategy

General Strategy Description . The Fund will invest substantially all of its assets in a portfolio of FLexible EXchange Options ( FLEX Options ) that reference both the SPDR S&P 500 ETF Trust ( S&P 500 ETF ) and the Invesco QQQ Trust SM , Series 1 (the QQQ ETF, and together with the S&P 500 ETF, the Underlying ETFs ). Each Underlying ETF is an exchange-traded fund registered under the Investment Company Act of 1940 (the 1940 Act ). The S&P 500 ETF seeks to track the investment results of the S&P 500 Index, a large-cap, market-weighted, U.S. equities index that tracks the performance of 500 leading companies in leading industries. The QQQ ETF seeks to track the investment results of the NASDAQ-100 Index, a modified market capitalization-weighted index composed of the 100 largest (by market capitalization) domestic and international non-financial companies listed on the NASDAQ Stock Market, LLC.

To the extent the Underlying ETFs concentrate ( i.e. , holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent. Through its use of FLEX Options on the Underlying ETFs, the Fund has significant exposure to information technology companies. Additional information about the Underlying ETFs is set forth in the section entitled Additional Information Regarding the Funds Principal Investment Strategies. Due to the unique mechanics of the Funds strategy, the return an investor can expect to receive from an investment in the Fund has characteristics that are distinct from many other investment vehicles. It is important that an investor understand these characteristics before making an investment in the Fund.

In general, an option contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a specified future date at an agreed upon price. FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC ), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. Each of the FLEX Options purchased and sold throughout the Outcome Period will have the same terms ( i.e., strike price and expiration) as the corresponding FLEX Options purchased and sold at the outset of the Outcome Period. A detailed explanation regarding the terms of the FLEX Options and the mechanics of the Funds strategy can be found below and in the section entitled Additional Information About the Funds Principal Investment Strategies.

The pre-determined outcomes sought by the Fund, which includes the upside return caps discussed below (the Outcomes ), are based upon the performance of each Underlying ETFs share price over successive approximately one-year periods (each, an Outcome Period ). The start and end dates of an Outcome Period correspond to the date on which the Fund entered into the FLEX Options comprising its portfolio and the date on which those FLEX Options expire. Upon the conclusion of the Outcome Period, the Fund will receive the cash value of all the FLEX Options it held for the prior Outcome Period. It will then invest in a new series of FLEX Options with an expiration date in approximately one year, and a new Outcome Period will begin. The current Outcome Period is from October 1, 2022 through September 30, 2023.

Each subsequent Outcome Period is expected to begin on the first day of October and conclude on the last day of September. The Outcomes may only be realized by investors who continuously hold Shares from the commencement of the Outcome Period until its conclusion. Investors who purchase Shares after the Outcome Period has begun, or sell Shares prior to the Outcome Period s conclusion, may experience investment returns very different from those that the Fund seeks to provide. The Outcomes . The Fund seeks to provide returns based upon the price performance of the S&P 500 ETF, up to a cap on upside returns and subject to a buffer, over the duration of the Outcome Period (the S&P 500 ETF Returns). The Fund also seeks to supplement the S&P 500 ETF Returns with any gains experienced by the QQQ ETF, up to a cap on upside returns, over the duration of the Outcome Period (the QQQ ETF Returns ).

The Fund seeks to experience performance over the duration of the Outcome Period equal to the sum of the S&P 500 ETF Returns and the QQQ ETF Returns. There is no guarantee that the Fund will successfully provide the Outcomes. S&P 500 ETF Returns . If the S&P 500 ETFs share price increases in value over the duration of the Outcome Period, the Fund seeks to experience an increase in value that approximately matches the increase experienced by the S&P 500 ETF, subject to an upside return cap discussed in greater detail below. If the S&P 500 ETFs share price decreases in value over the duration of the Outcome Period, the Fund seeks to experience a decrease in value that approximately matches the decrease experienced by the S&P 500 ETF, subject to a buffer against of up to 9% of S&P 500 ETF losses (the Buffer ).

The Fund will participate in all S&P 500 ETF losses of greater than 9% on a one-to-one basis. QQQ ETF Returns . If the QQQ ETFs share price increases in value over the duration of the Outcome Period, the Fund seeks to experience an increase in value that approximately matches the increase experienced by the QQQ ETF, subject to an upside return cap discussed in greater detail below. The Funds net asset value ( NAV ) will not participate in any decreases in value experienced by the QQQ ETF when measured from the beginning to the end of the Outcome Period. If the QQQ ETFs share price decreases in value over the course of an entire Outcome Period, the Funds overall performance will be approximately the S&P 500 ETF Return for the Outcome Period. For an investor that purchases Fund Shares during an Outcome Period after the QQQ ETF has increased in value, in the event that the QQQ ETFs share price was to subsequently decrease in value after an increase in its respective value, that decrease would also be reflected in the Funds NAV.

The hypothetical graphical illustration provided below is designed to illustrate the Outcomes based upon the hypothetical performances of the Underlying ETFs for a shareholder that holds Fund Shares for the entirety of the Outcome Period. Additional hypothetical graphical representations of the Outcomes are provided in Additional Information Regarding the Funds Principal Investment Strategies. There is no guarantee that the Fund will be successful in its attempt to provide the Outcomes for an Outcome Period. The returns that the Fund seeks to provide do not include the costs associated with purchasing Fund Shares and certain expenses incurred by the Fund. The following table contains hypothetical examples designed to illustrate the Outcomes the Fund seeks to provide over an Outcome Period, based upon the performance of the S&P 500 ETF from -100% to 100% and using corresponding examples of performance of the other Underlying ETF.

The table is provided for illustrative purposes and does not provide every possible performance scenario for Shares over the course of an Outcome Period. There is no guarantee that the Fund will be successful in its attempt to provide the Outcomes for an Outcome Period. The performance examples of the QQQ ETF that correspond to each hypothetical S&P 500 ETF performance example are also hypothetical and are provided solely as illustrations of the Funds performance when the two Underlying ETFs perform at various levels over an Outcome Period and does not purport to be representative of how each Underlying ETF will in fact perform in relation to each other. There is no guarantee that the Fund will be successful in its attempt to provide buffered returns. The table is not intended to predict or project the performance of the Underlying ETFs, FLEX Options or the Fund.

Fund shareholders should not take this information as an assurance of the expected performance of any of the Underlying ETFs or return on the Funds Shares. The actual overall performance of the Fund will vary with fluctuations in the value of the FLEX Options during the Outcome Period, among other factors. Please refer to the Funds website, www.innovatoretfs.com/dboc, which provides updated information relating to this table on a daily basis throughout the Outcome Period. SPY Price Performance (100)% (50)% (20)% (10)% (5)% 0% 5% 10% 15% 20% 50% 100% QQQ Price Performance (100)% (60)% (35)% (15)% (15)% 5% 15% 15% 30% 35% 60% 100% Innovator Double Stacker 9 Buffer ETF October Performance 1 (91)% (41)% (11)% (1)% 0% 5% 15.09% 20.09% 20.18%* 20.18%* 20.18%* 20.18%* SPY Leg Performance 2 (91)% (41)% (11)% (1)% 0% 0% 5% 10% 10.09% 10.09% 10.09% 10.09% QQQ Leg Performance 2 0% 0% 0% 0% 0% 5% 10.09% 10.09% 10.09% 10.09% 10.09% 10.09% * The Cumulative Fund Cap is set on the first day of the Outcome Period and is 20.18% prior to taking into account any fees or expenses charged to shareholders.

When the Funds annual Fund management fee of 0.79% of the Funds average daily net assets is taken into account, the Cumulative Fund Cap is 19.39%. The Funds annual management fee of 0.79% of the Funds average daily net assets, any shareholder transaction fees and any extraordinary expenses incurred by the Fund will have the effect of reducing the Cap and Buffer amounts for Fund shareholders. 1 The performance of the Fund over the Outcome Period is the result of the Fund providing returns that match the S&P 500 ETF and any gains experienced by the QQQ ETF. However, the Fund will not participate in any losses experienced by the QQQ ETF over the duration of an Outcome Period. For example, if hypothetically the S&P 500 ETFs share price decreases by 10% and the QQQ ETFs share price decreases by 15% over the duration of an Outcome Period, the Fund will participate in the losses of the S&P 500 ETF, but not the losses of the QQQ ETF, which would result in a net Fund loss of 1% over the duration of the Outcome Period after taking into consideration the Buffer.

2 The Leg Performance represents the change in the performance of the Fund for an Outcome Period that is a result of the Underlying ETFs performance for such Outcome Period. The Outcome Period. The Outcomes sought by the Fund are based upon the Funds NAV on the first day of the Outcome Period. The Outcome Period begins on the day the FLEX Options are entered into and ends on the day they expire. Each FLEX Options value is ultimately derived from the performance of the applicable Underlying ETF over the duration of the Outcome Period. Because the terms of the FLEX Options dont change, the Buffer relates to the Funds NAV on the first day of the Outcome Period. A shareholder that purchases Shares after the commencement of the Outcome Period will likely have purchased Shares at a different NAV than the NAV on the first day of the Outcome Period (the NAV upon which the Outcomes are based) and may experience investment outcomes very different from those sought by the Fund.

A shareholder that sells Shares prior to the end of the Outcome Period may also experience investment outcomes very different from those sought by the Fund. To achieve the Outcomes sought by the Fund for the Outcome Period, an investor must be holding Shares on the day that the Fund enters into the FLEX Options and on the day those FLEX Options expire. There is no guarantee that the Fund will be successful in its attempt to provide the Outcomes . The Funds assets will be principally composed of FLEX Options, the value of which is derived from the performance of the underlying reference asset, the applicable Underlying ETFs share price.

C000222026 Performance

Total returns for C000222026 (as of 2026-10-01), from SEC filings.

C000222026 Risk Information

Risk metrics for C000222026, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.2%

C000222026 Costs and Fees

C000222026 costs about $79 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.79%
• Brokerage commissions: 5.72 bps of average net assets (SEC N-CEN)

C000222026 Cashflows

Over the 12 months to 2023-07, Innovator Double Stacker 9 Buffer ETF - October had net inflows of $4.22M, from monthly SEC N-PORT filings.

C000222026 Debt Constituents

No individual debt constituents are reported in Innovator Double Stacker 9 Buffer ETF - October's latest SEC N-PORT filing.

C000222026 Prospectus and SEC Filings

Official Innovator Double Stacker 9 Buffer ETF - October filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-02-27
• Prospectus (485BPOS) — filed 2022-02-28
• Prospectus supplement (497) — filed 2022-10-03
• Portfolio holdings (N-PORT) — filed 2023-09-29
• Portfolio holdings (N-PORT) — filed 2023-06-27
• Portfolio holdings (N-PORT) — filed 2023-03-30
• Annual census (N-CEN) — filed 2023-01-13
• Annual census (N-CEN) — filed 2022-01-14

Related Funds

Other Developed ex-US Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total International Stock Index Fund (VGTSX)
• Vanguard Developed Markets Index Fund (VTMGX)
• Vanguard FTSE All-World Ex-US Index Fund (VEU)
• Fidelity Series Global Ex U.S. Index Fund (FSGEX)
• Dodge & Cox International Stock Fund (DODFX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.