Innovator International Developed Managed Floor ETF

C000265723 Fund Overview

Innovator International Developed Managed Floor ETF is a US ETF managed by Innovator ETFs Trust, categorised as Developed ex-US Mid 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 Mid Cap Blend / Core Equity
• Assets under management: $91.31M
• SEC CIK: 0001415726
• SEC series ID: S000096770
• Share class ID: C000265723

C000265723 Investment Objective and Strategy

Innovator International Developed Managed Floor 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 capital appreciation while seeking to limit the amount of losses experienced by investors (prior to taking into account management fees and other fees).

Principal investment strategy

The Fund will invest at least 80% of its net assets (including borrowings for investment purposes) in equity securities and option contracts that give economic exposure to equity securities of companies located in international developed markets. The Fund is an actively managed ETF that, under normal market circumstances, seeks to provide capital appreciation through participation in companies in developed countries outside of the United States while limiting the potential for maximum losses. Pursuant to its investment objective, the Fund intends to invest in a diversified portfolio of equity securities (the Equity Portfolio ) that are representative of the Solactive GBS Developed Markets ex North America Large & Mid Cap Index (the Equity Portfolio Index ) together with put and call option contracts (the Options Portfolio ) in an effort to reduce the potential for losses.

The Funds investment adviser is Innovator Capital Management, LLC ( Innovator or the Adviser ) and the Funds investment sub -adviser is Parametric Portfolio Associates LLC ( Parametric or the Sub -Adviser ). The Sub -Adviser will actively monitor the performance of the portfolio and, as described further below, selectively ladder the Options Portfolio to seek to protect capital. As further described below, the Funds principal investment strategy seeks to implement the following: Exposure to Companies in Developed International Markets: The Fund invests its net assets in certain non -U .S. companies in developed markets that are included in the Equity Portfolio Index. See Equity Portfolio below for additional information. Investment Floors: The Fund seeks to provide a series of floors that each limit losses to 10% of MSCI EAFE Index ( International Developed Index ) losses, as measured at the end of one -year periods and prior to taking into account the Funds annual management fee and other fees, which will have the effect of reducing the floor experienced by Fund shareholders.

The implementation of the floors is not guaranteed. See Hedging StrategyOptions Portfolio below for additional information. Laddered Options Strategy: The Fund implements a laddering approach such that the Fund staggers its Options Portfolio, and therefore the sought -after protection of the floors. The Fund ladders the investment floors by purchasing put option contracts with a one -year duration that have staggered expiration dates of three -months . In addition, the Fund sells short -dated ( i.e. , one -week to two -weeks ) call option contracts that expire approximately every seven calendar days used to fund the purchased put option contracts. The Funds option strategy may cause the Fund to forego a portion of any upside returns of the Equity Portfolio. See Hedging StrategyOptions Portfolio Laddering below for additional information.

The Fund will not concentrate ( i.e. , holds 25% or more of its total assets) in the securities of a particular industry or group of identified industries, except that the Fund will concentrate to approximately the same extent as the Equity Portfolio Index concentrates in the securities of a particular industry or group of industries. The Fund is classified as a non -diversified company under the Investment Company Act of 1940, as amended (the 1940 Act ). Equity Portfolio The Sub -Adviser expects, under normal market circumstances, to invest the Funds net assets in equity securities of companies that comprise the Equity Portfolio Index through the implementation of a representative sampling strategy. Through representative sampling, the Equity Portfolio is not expected to include each of the common stocks of the companies that comprise the Equity Portfolio Index and the Funds position in an individual constituent of the Equity Portfolio Index may be overweight or underweight as compared to the Equity Portfolio Index.

The Equity Portfolio Index intends to track the performance of the large and mid cap segment covering approximately the largest 85% of the free -float market capitalization in the Developed Markets excluding North America. As of the date of this prospectus, the Equity Portfolio Index was comprised of securities of issuers with a market capitalization range of approximately $1.7 billion to $397.4 billion. For additional information regarding the Equity Portfolio Index, see Additional Information About the Funds Principal Investment Strategies. The Sub -Adviser intends to limit the portfolio overlap between its investments that comprise the Equity Portfolio and the underlying constituents of the Options Portfolio reference assets (as described further below) to less than 70% on an ongoing basis in an effort to avoid being subject to the straddle rules under federal income tax law (see Dividends, Distributions and TaxesTaxesTreatment of the Funds Options Contracts for additional information regarding the straddle rules).

However, the Sub -Adviser will seek to adjust the Funds investment weightings of the securities in the Equity Portfolio so as to provide the Fund investment returns that are substantially similar to the Equity Portfolio Index. Through this optimization of the Equity Portfolio Index, the Equity Portfolio is not expected to hold each of the constituents of the Equity Portfolio Index and the Funds position in those common stocks held in the Equity Portfolio may be overweight or underweight as compared to the Equity Portfolio Indexs weighting. The Fund expects that dividends received from its investment in equity securities that comprise the Equity Portfolio Index will be distributed to shareholders on a quarterly basis. Hedging Strategy Options Portfolio The Sub -Adviser will seek to provide floors against significant losses in the Equity Portfolio by systematically purchasing and selling exchange -traded option contracts, including FLexible EXchange Options ( FLEX Options ).

In general, an option contract is an agreement between a buyer and a seller that gives the purchaser of the option the right to purchase or sell the underlying asset (or deliver cash equal to the value of an underlying index) at a specified price (strike price) within a specified time period. As further described below ( see Principal Investment StrategiesHedging StrategyOptions Portfolio Laddering), the Sub -Adviser will ladder the Funds option contracts exposure by investing in four distinct protective put option contracts with expiration dates approximately three months apart. In addition, the Sub -Adviser will ladder short -dated (approximately one and two weeks) sold call option contracts with expiration dates of approximately seven calendar days apart. The Fund implements this laddered approach to help offset the timing risks inherent in a single reset and roll date.

The Fund will use exchange -traded sold call option contracts and will use FLEX Options for its purchased put option contracts. FLEX Options are exchange -traded option 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 option contracts. The Sub -Adviser will seek to construct the Options Portfolio contracts with investment exposure that is substantially the same as the Equity Portfolio. In this regard, the Sub -Adviser expects each Options Portfolio to be comprised of put and call option contracts that reference the price return ( i.e. , the changes in the price of a specified asset, excluding any dividends paid) of the International Developed Index, including option contracts on the International Developed Index, and on ETFs that seek to replicate the performance of the International Developed Index, respectively.

The Sub -Adviser will manage the Options Portfolio to provide exposure to: (i) purchased put option contracts with a strike price of approximately 90% of the then -current value of the International Developed Index and an expiration date of approximately one -year . Purchased put option contracts give the holder the right, but not the obligation, to sell a specified amount of the reference asset at the strike price at a specified date. The purchased put option contracts are designed to provide the sought -after protection provided by the Options Portfolio at the expiration of the option contracts, however such protection is not guaranteed. The Sub -Adviser expects the Funds purchased put option contracts will provide exposure to the iShares MSCI EAFE ETF, an ETF that seeks to replicate the performance of the International Developed Index; and (ii) sold short -dated call option contracts, which have an expiration date of approximately one to two weeks at initiation.

Sold call option contracts sell to a counter party, in exchange for a premium received, the right to purchase the reference asset from the seller at a predetermined price at a specified date. The Fund seeks to use returns derived from collecting premiums from the sold call option contracts to pay the costs to the Fund of the purchased put option contracts and to make investments in the Equity Portfolio. The Fund will forego upside returns of the Equity Portfolio beyond the level of the strike price of each sold call option. The Fund seeks to participate in approximately 70% to 80% of the annual returns of the Equity Portfolio Index as a result of the implementation of the Funds sold option contracts, which is not guaranteed. The Sub -Adviser expects the Funds sold call option contracts will provide exposure to the International Developed Index.

While the Sub -Adviser will seek to construct the Options Portfolio contracts with substantially similar investment exposure to the Equity Portfolio, any differences between the return of the Equity Portfolio versus that of the International Developed Index may cause investors to not receive the full benefit of the Funds sought -after floor, which is not guaranteed. Additionally, the sought -after floors are provided based on the Funds net asset value ( NAV ) on the day the respective put option contract is entered into for the respective floor, however the Funds shares trade at market prices on the Exchange. To the extent there is a discrepancy between the Funds NAV and market price when an investor buys or sells Shares, or when a put option contract expires, it may impact the sought -after floor such investor receives.

The Funds annual management fee will have the effect of lowering a given floor experienced by shareholders. Please note that each 10% floor will be fully in effect only at the expiration of the respective put option contract, and to the extent an investor purchases or sells Shares after the put option contract is entered into or before it expires, such investor may not receive the full sought -after protection provided by the floor. Specifically, in light of the laddered put option contracts utilized to implement the 10% floor, the Fund targets an annual maximum loss of approximately 8% to 12%, which is not guaranteed. The Funds NAV is dependent, in part, on the value of the Options Portfolio, which is based principally upon the performance of International Developed Index. The value of the option contracts in the Options Portfolio is affected by changes in the value and dividend rates of the securities represented in the International Developed Index underlying the option contract, changes in interest rates, changes in the actual or perceived volatility of the International Developed Index and the remaining time to the option contracts expiration date, as well as trading conditions in the options market.

As the price of International Developed Index changes and time moves towards the expiration date, the value of the option contracts, and therefore the Funds NAV, will change.

C000265723 Holdings

Top 10 holdings of Innovator International Developed Managed Floor ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000265723 holdings

C000265723 Portfolio Allocation

Asset-class allocation of Innovator International Developed Managed Floor ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000265723 Performance

Total returns for C000265723 (as of 2026-10-01), from SEC filings.

C000265723 Costs and Fees

C000265723 costs about $89 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.89%
• Gross expense ratio: 0.89%

C000265723 Cashflows

Over the 12 months to 2026-07, Innovator International Developed Managed Floor ETF had net inflows of $88.16M, from monthly SEC N-PORT filings.

C000265723 Debt Constituents

No individual debt constituents are reported in Innovator International Developed Managed Floor ETF's latest SEC N-PORT filing.

C000265723 Prospectus and SEC Filings

Official Innovator International Developed Managed Floor ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-11-18
• Prospectus supplement (497) — filed 2025-11-20
• Portfolio holdings (N-PORT) — filed 2026-09-28
• Portfolio holdings (N-PORT) — filed 2026-06-26
• Portfolio holdings (N-PORT) — filed 2026-03-27

Related Funds

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

• International Growth and Income Fund (IGAAX)
• Fidelity Advisor International Capital Appreciation Fund (FCPAX)
• Fidelity International Discovery Fund (FIGRX)
• Dimensional International High Profitability ETF (DIHP)
• Victory International Fund (USIFX)

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.