Innovator Triple Stacker ETF - January seeks to provide investors with returns that match those of the SPDR S&P 500 ETF Trust. The fund will invest substantially all of its assets in a portfolio of FLexible EXchange Options ("FLEX Options") that reference the SPDR S&P 500 ETF Trust, Invesco QQQ TrustSM, Series 1 and the iShares Russell 2000 ETF. 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.
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