Innovator Equity Dual Directional 10 Buffer ETF - August seeks to track the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap, while offering dual directional market participation that provides positive returns equal to the absolute value of losses up to 10% and a 10% downside buffer over a one-year outcome period starting each August. The strategy is executed by holding FLexible EXchange options referencing the S&P 500 price return index.
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