NFEB — Innovator Growth-100 Power Buffer ETF - February

NFEB Fund Overview

NFEB — Innovator Growth-100 Power Buffer ETF - February is a US ETF managed by Innovator ETFs Trust, categorised as United States Large Cap Growth 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: United States Large Cap Growth Equity
• Assets under management: $82.62M
• 1-year return: 14.0%
• Ticker: NFEB
• SEC CIK: 0001415726
• SEC series ID: S000085960
• Share class ID: C000251360

NFEB Investment Objective and Strategy

Innovator Growth-100 Power Buffer ETF - February 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 the price return of the Invesco QQQ Trust SM , Series 1, up to the upside cap of 15.10% (prior to taking into account management fees and other fees) while providing a buffer against the first 15% (prior to taking into account management fees and other fees) of Invesco QQQ Trust SM , Series 1 losses, over the period from February 1, 2026 to January 31, 2027.

Principal investment strategy

General Strategy Description. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in FLexible EXchange Options ( FLEX Options ) that reference the Invesco QQQ Trust SM , Series 1 (the Underlying ETF ). 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. 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. The reference asset for all of the Funds FLEX Options is the Underlying ETF. The Underlying ETF is a unit investment trust that seeks to track the investment results, before fees and expenses of the NASDAQ -100 Index, which includes 100 of the largest domestic and international non -financial companies listed on the Nasdaq Stock Market based on market capitalization. The Underlying ETF reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnologies. It does not contain securities of financial companies including investment companies.

Except under extraordinary circumstances that may prompt an interim evaluation, the Underlying ETF composition is reviewed on an annual basis. To the extent the Underlying ETF concentrates (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 ETF, the Fund has significant exposure to companies in the information technology sector. For more information on the Underlying ETF, please see the section of the prospectus entitled Additional Information About the Funds Principal Investment Strategies. The pre -determined outcomes sought by the Fund, which include the buffer and cap discussed below (the Outcomes ), are based upon the performance of the Underlying ETFs share price over an approximately one -year period from February 1 through January 31 of the following year (the Outcome Period ).

The current Outcome Period is from February 1, 2026 through January 31, 2027. Upon 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 of approximately one year in the future, and a new Outcome Period will begin. 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 Periods conclusion may experience investment returns that are very different from those that the Fund seeks to provide. The Funds strategy has been specifically designed to produce the Outcomes based upon the performance of the Underlying ETFs share price (or its price return) over the duration of the Outcome Period, subject to the Cap and Buffer described herein.

The Fund will not receive or benefit from any dividend payments made by the Underlying ETF. The Fund is not an appropriate investment for income -seeking investors. If the Underlying ETFs share price increases over the duration of the Outcome Period, the Fund seeks to provide investors that hold Shares for the entire Outcome Period with an increase in value that approximately matches the percentage increase experienced by the Underlying ETFs share price over the duration of the Outcome Period, up to an upside return cap (the Cap ) that represents the maximum percentage return an investor can achieve from an investment in the Fund for the Outcome Period. Therefore, even though the Funds returns are based upon the performance of the Underlying ETFs share price, if the Underlying ETFs share price experiences returns for the Outcome Period in excess of the Cap, Fund shareholders will not participate in such excess returns.

Additionally, the Fund seeks to provide shareholders that hold Shares for the entire Outcome Period with a buffer (the Buffer ) against the first 15% of Underlying ETF losses during the Outcome Period. Power denotes the Funds objective to provide returns that are buffered by up to 15% if the Underlying ETFs share price experiences a loss during the course of the Outcome Period. The Funds shareholders will bear all Underlying ETF losses exceeding 15% on a one -to-one basis. For additional information regarding the Buffer, see Principal Investment StrategiesBuffer below. The Cap is based upon prevailing market conditions at the time the Fund enters into the FLEX Options on the first day of the Outcome Period and will be further reduced by any shareholder transaction fees and any extraordinary expenses incurred by the Fund.

For the current Outcome Period, the Cap is 15.10% 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 for the Outcome Period, the Cap is 14.31%. The Cap will be further reduced by any shareholder transaction fees and any extraordinary expenses incurred by the Fund. Since the Cap is based upon prevailing market conditions at the beginning of an Outcome Period, the Cap will rise or fall from one Outcome Period to the next. As is discussed in further detail below, it is anticipated that during the Outcome Period the Funds net asset value ( NAV ) will not increase or decrease at the same rate as the Underlying ETFs share price. The Funds NAV is based upon the value of its portfolio, which is primarily composed of FLEX Options.

Although the value of the Underlying ETFs share price is a significant component of the value of the Funds FLEX Options, the time remaining until those FLEX Options expire also affects their value. The Funds investment sub -adviser , Milliman Financial Risk Management LLC ( Milliman or the Sub -Adviser ), generally anticipates that the Funds NAV will increase on days when the Underlying ETFs share price increases and will decrease on days when the Underlying ETFs share price decreases, but that the rate of such increase or decrease will be less than that experienced by the Underlying ETF. The degree to which an options value correlates with the value of the Underlying ETF is also affected by the expected volatility of the Underlying ETF. Since the Underlying ETF has the potential to be more volatile than other funds, in the period between the beginning and end of the Outcome Period, it is possible that the degree of non -correlation between the value of the FLEX Options and the value of the Underlying ETF will be higher than if the FLEX Options utilized a less volatile fund as their reference asset.

The strategy is designed to realize the Outcomes only on the final day of the Outcome Period. The Fund seeks to generate returns that match the Underlying ETF, up to the Cap (discussed in detail below), while limiting downside losses. The two hypothetical graphical illustrations provided below are designed to illustrate the Outcomes that the Fund seeks to provide for investors who hold Shares for the entirety of the Outcome Period. 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 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 Underlying ETF from -100 % to 100%.

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 table is not intended to predict or project the performance of the FLEX Options or the Fund. Fund shareholders should not take this information as an assurance of the expected performance of the Underlying ETF or return 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/nfeb , which provides updated information relating to this table on a daily basis throughout the Outcome Period.

Underlying ETF Performance (100 )% (50 )% (20 )% (10 )% (5 )% 0 % 5 % 10 % 15 % 20 % 50 % 100 % Fund Performance (85 )% (35 )% (5 )% 0 % 0 % 0 % 5 % 10 % 15 % 15.10 %* 15.10 %* 15.10 %* * The Cap is set on the first day of the Outcome Period and is 15.10% 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 Cap is 14.31%. 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. Use of FLEX Options. The Outcomes may be achieved by purchasing and selling call and put FLEX Options to create layers within the Funds portfolio.

The Sub Adviser has constructed a portfolio principally composed of FLEX Options that reference the Underlying ETF that are each set to expire on the last day of the Outcome Period. The customizable nature of FLEX Options allows the Sub -Adviser to select the share price at which the Underlying ETF will be exercised at the expiration of each FLEX Option. This is commonly known as the strike price. At the commencement of the Outcome Period, the Sub -Adviser specifically selects the strike price for each FLEX Option such that when the FLEX Options are exercised on the final day of the Outcome Period, the Outcomes may be obtained, depending on the performance of the Underlying ETFs share price over the duration of the Outcome Period. The Fund utilizes European style option contracts, which are exercisable only on the expiration date of the option contract.

To achieve these returns, the Fund may purchase and sell a combination of call option contracts and put option contracts. A call option contract gives the buyer of the call option contract the right (but not the obligation) to buy, and the seller of the call option contract ( i.e. , the writer) the obligation to sell, a specified amount of an underlying security at a pre -determined price. A put option contract gives the buyer of the put option contract the right (but not the obligation) to sell, and the writer of the put option contract the obligation to buy (if the option is exercised), a specified amount of an underlying security at a pre -determined price. The effect of the Funds call option contracts is to provide exposure to the increases in the price of the Underlying ETF, subject to the Cap.

The potential investment gains provided by the Fund are subject to the Cap, a maximum investment return level, which is discussed below. The Fund will not participate in gains that exceed the Cap.

NFEB Holdings

Top 1 holdings of Innovator Growth-100 Power Buffer ETF - February by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all NFEB holdings

NFEB Portfolio Allocation

Asset-class allocation of Innovator Growth-100 Power Buffer ETF - February by percentage of net assets, from the latest SEC N-PORT filing.

NFEB Performance

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

NFEB Risk Information

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

• 1-year volatility (annualised): 8.5%

NFEB Costs and Fees

NFEB 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: 1.27 bps of average net assets (SEC N-CEN)

NFEB Cashflows

Over the 12 months to 2026-07, Innovator Growth-100 Power Buffer ETF - February had net inflows of $21.10M, from monthly SEC N-PORT filings.

NFEB Debt Constituents

No individual debt constituents are reported in Innovator Growth-100 Power Buffer ETF - February's latest SEC N-PORT filing.

NFEB Prospectus and SEC Filings

Official Innovator Growth-100 Power Buffer ETF - February filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-02-27
• Prospectus supplement (497) — filed 2026-02-02
• Portfolio holdings (N-PORT) — filed 2026-09-28
• Portfolio holdings (N-PORT) — filed 2026-06-26
• Portfolio holdings (N-PORT) — filed 2026-03-27
• Annual census (N-CEN) — filed 2026-01-13

Related Funds

Other United States Large Cap Growth Equity funds tracked on ABC INVEST:

• Invesco QQQ Trust, Series 1 (QQQ)
• Growth Fund Of America (AGTHX)
• iShares Russell 1000 Growth ETF (IWF)
• JPMorgan Large Cap Growth Fund (SEEGX)
• Fidelity Growth Company Fund (FDGRX)

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.