NAPR

Innovator Nasdaq-100 Power Buffer ETF - April seeks to provide investors with returns that match the price return of the Invesco QQQ TrustSM. The fund invests at least 80% of its net assets in FLexible EXchange Options ("FLEX Options") that reference the Invesco QQQ TrustSM. 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. It is non-diversified.