Innovator ETFs Trust (the Trust) is a statutory trust registered under the Investment Company Act of 1940 that offers exchange-traded funds (ETFs), including defined outcome ETFs, buffer ETFs, and premium income barrier ETFs such as the Innovator Premium Income 40 Barrier ETF - July (JULQ). JULQ is an actively managed ETF that seeks to deliver high monthly income to investors through a portfolio of U.S. Treasury bills and FLEX Options referenced to the S&P 500 Price Return Index, providing a 40% barrier against index losses before fees over a one-year outcome period from July 1 to June 30 annually, with exposure to S&P 500 upside subject to a cap; the Trust's broader offerings encompass over 150 ETFs spanning income strategies, targeted buffers, growth products, and risk-managed equity exposure across multiple market segments, including U.S. equity buffers, laddered buffers, and sector-specific defined outcome funds. The Trust operates principally in the United States, listing its shares on the Cboe BZX Exchange, Inc., and targets retail investors, financial advisors, and institutions seeking predictable investment outcomes with built-in risk management features. Established in 2017 through Innovator Capital Management, LLC, headquartered in Wheaton, Illinois, the Trust pioneered the world's first Defined Outcome ETFs with the launch of three Innovator U.S. Equity Buffer ETFs in 2018. In December 2025, Goldman Sachs announced an agreement to acquire Innovator Capital Management for approximately $2 billion in cash and equity, a transaction expected to close in Q2 2026 pending regulatory approval, significantly expanding Goldman Sachs Asset Management's ETF lineup to over 215 strategies and more than $75 billion in assets under supervision while integrating Innovator's defined outcome capabilities.