Core Insights - The Innovator U.S. Equity Accelerated Plus ETF – July aims to provide leveraged exposure to U.S. large-cap equities through a portfolio of FLEX Options referencing the SPDR S&P 500 ETF Trust over a one-year period [1] Investment Strategy - The fund invests at least 80% of its net assets in European-style FLEX Options with synchronized expiries, utilizing a combination of in-the-money, at-the-money, and out-of-the-money calls and puts [1] - The strategy targets gains in the Underlying ETF at three times up to a preset cap, while losses are expected to track one-for-one with no downside buffer [1] - Security selection is based on Underlying ETF levels and implied volatility rather than issuer research, indicating a focus on options structuring [1] Portfolio Characteristics - The portfolio is non-diversified and has concentrated economic exposure in U.S. large-cap equities and sectors highlighted by the Underlying ETF [1] - Turnover is expected to remain low as positions are held until the outcome-period reset [1]