Innovator Equity Autocallable Income Strategy ETF

C000261672 Fund Overview

Innovator Equity Autocallable Income Strategy ETF is a US ETF managed by Innovator ETFs Trust, categorised as Ultra-Short Treasury / Sovereign Bond. 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: Ultra-Short Treasury / Sovereign Bond
• Assets under management: $42.60M
• 1-year return: -0.0%
• SEC CIK: 0001415726
• SEC series ID: S000093416
• Share class ID: C000261672

C000261672 Investment Objective and Strategy

Innovator Equity Autocallable Income Strategy ETF 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 a high level of income and the potential to limit downside losses.

Principal investment strategy

The Fund is an actively managed ETF that seeks to provide investors with income distributions and the potential to limit downside losses, as determined by the performance of common stocks (each a Reference Asset ) selected from a U.S. equity index, currently the S&P 500 Index (the U.S. Equity Index ). The Fund seeks to principally invest in a laddered portfolio of over -the-counter ( OTC ) swap agreements, each seeking to replicate the defined return characteristics of an autocallable note on one Reference Asset (each, an Autocallable Instrument and collectively, the Autocallable Instruments ). As described further below, each Autocallable Instrument in which the Fund invests is designed to provide the following investment profile: Periodic Income Payments. Potential for periodic income payments at defined times over the duration of an Autocallable Instrument, contingent on the performance of the Reference Assets.

Potential to Limit Downside Losses. No participation in the losses of a Reference Asset unless the losses of such Reference Asset exceed a pre -determined investment barrier, in which case the Fund will experience the losses of such Reference Asset over the duration the Autocallable Instrument on a one -to-one basis, offset by any income payments received. The Sub -Adviser (defined below) selects the Reference Assets for the Funds Autocallable Instruments by identifying the approximately 20 largest components of the U.S. Equity Index by market capitalization. From that universe of companies, the Sub -Adviser selects approximately 10 companies to be the Reference Assets, each with a corresponding Autocallable Instrument. The Sub -Adviser seeks to select the Reference Assets that produce the highest level of Coupon Payments (defined below) to the Fund.

The Fund will have continuous investment exposure to an Autocallable Instrument for each Reference Asset. The Fund will invest in Autocallable Instruments with differing maturity dates and observation dates, and such instruments will also have different coupon rates, coupon barrier levels and maturity barrier levels ( see Autocallable Instruments Payout Structure below). Such laddered investing in Autocallable Instruments seeks to mitigate the risks associated with investing in an unfavorable market environment and help offset the timing risks inherent having the same observation dates and/or maturity date ( see Autocallable Instruments Laddering below). The Fund has adopted a policy pursuant to Rule 35d -1 under the Investment Company Act of 1940, as amended (the 1940 Act ) to invest, under normal circumstances, at least 80% of its net assets (including borrowings for investment purposes) in financial instruments that seek to generate income and provide exposure to equity securities.

The Funds investment adviser is Innovator Capital Management, LLC ( Innovator or the Adviser ) and the Funds investment sub -adviser is Milliman Financial Risk Management LLC ( Milliman or the Sub -Adviser ). The Fund is classified as a non -diversified company under the 1940 Act. The Fund will not concentrate ( i.e. , hold 25% or more of its total assets) in the securities of a particular industry or group of industries, except that the Fund will concentrate to approximately the same extent as the Reference Assets. As of the date of this prospectus, through the Autocallable Instruments that provide exposure to the Reference Assets, the Fund has significant exposure to the communication services, consumer discretionary and information technology sectors. Autocallable Instruments Payout Structure The Autocallable Instruments have unique mechanics and payout structures that impact the potential return the Fund can expect to receive from an investment in such instruments.

The Autocallable Instruments seek to replicate the payout structures of autocallable notes. While the investment results of an autocallable note depends on the performance of its reference asset, the payouts, if any, are in the form of coupon payments rather than capital appreciation related to such reference asset. An autocallable note is a debt obligation that is linked to the performance of one or more reference assets that automatically matures ( i.e. is auto -called ) if the reference asset is at or above a defined level (typically its initial level) on predetermined observation dates. In return for being subject to this auto -call contingency, autocallable notes have the potential to provide high coupon payment rates. Each Autocallable Instrument in which the Fund invests will have the following investment terms: Investment Term Investment Function Coupon Payment Payment made by the counterparty of the Autocallable Instrument to the Fund, typically expressed as a percentage of the notional exposure of the instrument.

Payable on the Coupon Observation Date until maturity. Autocallable Level The level of the Reference Asset at which the Autocallable Instrument will be automatically redeemed, if the value of the Reference Asset exceeds such level on a Call Observation Date. Typically, the Autocallable Level will be set at the initial value of the Reference Asset upon the execution of the instrument. No -Call Period Period during which an Autocallable Instrument cannot be called, regardless of the performance of the Reference Asset of the Autocallable Instrument ( e.g. , 6 months). Call Observation Date Periodic dates ( i.e. , quarterly) through the life of the Autocallable Instrument on which the Reference Asset is measured to evaluate the Reference Asset against the Autocallable Level (if outside the No -Call Period).

Coupon Observation Date Periodic dates ( i.e. , monthly) through the life of the Autocallable Instrument on which each Market Index is measured to evaluate the worst performing Market Index against the Coupon Barrier Level to determine whether the Coupon Payment is made during a given month. Coupon Barrier Level Threshold amount of loss of the Reference Asset which, if exceeded on the Coupon Observation Date, a Coupon Payment will not be made. Maturity Date Date on which the Autocallable Instrument expires, and amounts are paid out by the parties. Maturity Barrier Level Threshold amount of loss of the Reference Asset which, if exceeded on the Maturity Date, determines the payouts made under the Autocallable Instrument. If the Maturity Barrier Level is not breached, the Fund will retain the full notional value of its investment.

If the Maturity Barrier Level is breached, the Fund will experience the percentage of losses experienced by the Reference Asset over the duration of the Autocallable Instrument, net of cumulative Coupon Payments. The performance of a Reference Asset for a given Autocallable Instrument is evaluated at one of three categories of measurement dates: (1) the Coupon Observation Dates; (2) the Call Observation Dates; and (3) the Maturity Date. Below is a sample payout structure of an Autocallable Instrument: Evaluation Timing Reference Asset Value Payout Coupon Observation Date Evaluation Greater than the Coupon Barrier Level The Coupon Payment is made by the counterparty, and the Autocallable Instrument continues in existence. The Fund does not participate in any gains or losses of the Reference Asset.

Less than the Coupon Barrier Level The Coupon Payment is not made by the counterparty, but the Autocallable Instrument continues in existence. The Fund does not participate in any losses of the Reference Asset. Call Observation Date Evaluation Greater than the Autocallable Level The Autocallable Instrument is automatically terminated. The Fund does not participate in any gains of the Reference Asset. Less than the Autocallable Level The Autocallable Instrument continues in existence. The Fund does not participate in any losses of the Reference Asset. Maturity Date Evaluation Greater than the Maturity Barrier Level The Autocallable Instrument returns the principal amount invested. The Fund experiences no gains or losses of the Reference Asset over the duration of the instrument. The gains experienced by the Fund are the cumulative Coupon Payments received.

Less than the Maturity Barrier Level The Autocallable Instrument returns the principal amount invested, minus the entirety of the percentage of losses of the Reference Asset over the duration of the instrument. The losses experienced are equal to the losses of Reference Asset, offset by the cumulative Coupon Payments received. The anticipated term of the Autocallable Instruments will be approximately 3 -years . The Fund anticipates the Autocallable Instruments will have a 6 -month No -Call Period, during which time the Autocallable Instruments will not be called if the Reference Asset is greater than the Autocallable Level and will continue to make Coupon Payments if the Reference Asset is above the Coupon Barrier Level on a Call Observation Date. The Fund seeks to limit downside risk associated with investments in the Reference Asset through the operation of the Maturity Barrier Levels attributed to each Autocallable Instrument.

The Autocallable Instruments utilized by the Fund will be evaluated on a particular Coupon Observation Date, Call Observation Date and/or Maturity Date based on the performance of the Reference Asset of the specific Autocallable Instrument. The Fund anticipates making periodic distributions from the Autocallable Instruments, which will only make Coupon Payments if the Coupon Barrier has not been met or exceeded by the Reference Asset. It is anticipated that the Coupon Barrier Levels for the Autocallable Instruments will be approximately 70% of the Autocallable Level and the Maturity Barrier Levels for the Autocallable Instruments will be approximately 70% of the Autocallable Level. The anticipated Coupon Rate from the Autocallable Instruments will be approximately 11% 15%. As Autocallable Instruments are subject to numerous measurement events ( e.g.

, Coupon Observation Date evaluations, Call Observation Date evaluations and Maturity Date evaluations) and performance thresholds ( e.g. , Autocallable Levels, Coupon Barrier Levels and Maturity Date Levels), its performance can vary greatly. For example, if an Autocallable Instrument had a 1 -year maturity, Coupon Observation Dates every month, Call Observation Dates every 3 months and a Coupon Payment of 10%, the maximum payout the Autocallable Instrument could produce for the Fund would be 120%. However, Autocallable Instruments will not produce a given Coupon Payment if on the Coupon Observation Date the Reference Asset exceeds the Coupon Barrier Level, and are subject to the loss of the entire notional amount of the Funds exposure to such instrument, after cumulative Coupon Payments received (if any), if the Reference Asset is less than the Maturity Barrier Level and the Maturity Date Evaluation.

For additional information regarding the potential payout profile of a given Autocallable Instrument, see Additional Information About the Funds Principal Investment Strategies in the Funds Prospectus. Autocallable Instruments Laddering The Fund will seek to ladder its Autocallable Instruments. Laddering is an investment technique that utilizes multiple positions with multiple expiration dates, to avoid the risk of reinvesting a large portion of assets in an unfavorable market environment. The Fund will invest in a series of Autocallable Instruments that have 3 -year Maturity Dates, monthly Coupon Observation Dates and staggered quarterly Call Observation Dates. Upon the maturity or call of any Autocallable Instrument, the Fund will roll the proceeds from such investment into a new Autocallable Instrument with the same Maturity Date.

For example, if the Autocallable Instrument is called in the ninth month, the Fund expects to replace the autocalled investment with a new Autocallable Instrument that has a new 3 -year Maturity Date.

C000261672 Holdings

Top 2 holdings of Innovator Equity Autocallable Income Strategy ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000261672 holdings

C000261672 Portfolio Allocation

Asset-class allocation of Innovator Equity Autocallable Income Strategy ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000261672 Performance

Total returns for C000261672 (as of 2026-10-01), from SEC filings.

C000261672 Risk Information

Risk metrics for C000261672, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 8.7%

C000261672 Costs and Fees

C000261672 costs about $79 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.79%
• Gross expense ratio: 0.79%
• Portfolio turnover: 0%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000261672 Cashflows

Over the 12 months to 2026-07, Innovator Equity Autocallable Income Strategy ETF had net inflows of $44.99M, from monthly SEC N-PORT filings.

C000261672 Debt Constituents

Largest debt holdings of Innovator Equity Autocallable Income Strategy ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000261672 Prospectus and SEC Filings

Official Innovator Equity Autocallable Income Strategy ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-02-27
• Prospectus (485BPOS) — filed 2025-09-22
• Prospectus supplement (497) — filed 2025-09-25
• Portfolio holdings (N-PORT) — filed 2026-09-28
• Portfolio holdings (N-PORT) — filed 2026-03-27
• Annual census (N-CEN) — filed 2026-01-13
• Portfolio holdings, amended (N-PORT/A) — filed 2026-08-27

Related Funds

Other Ultra-Short Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard 0-3 Month Treasury Bill ETF (VBIL)
• US Treasury 3 Month Bill ETF (TBIL)
• Global X 1-3 Month T-Bill ETF (CLIP)
• Invesco Short Term Treasury ETF (TBLL)
• Abbey Capital Futures Strategy Fund (ABYAX)

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.