Innovator International Developed Power Buffer ETF – November

Innovator International Developed Power Buffer ETF – November is an actively managed exchange-traded fund designed to help investors participate in the price performance of international developed equity markets, specifically by referencing the iShares MSCI EAFE ETF. Its primary function is to deliver defined outcome investing: it seeks to capture gains up to a preset cap while aiming to buffer the first 15% of losses over a one-year period starting each November. This is accomplished through a sophisticated strategy involving FLEX options—customizable, exchange-traded contracts—rather than direct stock holdings. The ETF targets developed markets outside North America and does not track an underlying index. Instead, it uses synthetic replication to shape returns, offering a transparent structure for investors seeking to mitigate risk while maintaining equity exposure. The fund's composition is almost entirely options-based and cash collateral, with negligible direct sector allocations due to its options strategy. Innovator International Developed Power Buffer ETF – November plays a notable role in expanding outcome-based investment choices, helping both institutional and retail investors pursue international market participation with controlled downside risk.