Net Asset Value Restatement for Innovator U.S. Small Cap Power Buffer ETF(TM) - September (Cboe BZX: KSEP) Innovator International Developed Power Buffer ETF(TM) - September (NYSE Arca: ISEP) Innovator U.S. Equity Buffer ETF(TM) - September (Cboe BZX: BSE

On September 3, 2025, Innovator Capital Management, LLC announced a net asset value (NAV) restatement for three of its Power Buffer ETFs: the Innovator U.S. Small Cap Power Buffer ETF™ (KSEP), the Innovator International Developed Power Buffer ETF™ (ISEP), and the Innovator U.S. Equity Buffer ETF™ (BSEP). The revisions were necessary due to an error in the initial NAV calculations for the funds.

The revised NAVs are as follows: KSEP increased to $26.8198 from $26.7369, reflecting a change of 0.31%. Conversely, ISEP saw a slight decrease from $31.3319 to $31.3284, down by 0.01%. BSEP’s NAV adjusted up to $46.9553 from $46.9082, marking an increase of 0.10%. These adjustments represent a one-time correction, and Innovator has stated that no further changes to these figures are anticipated.

Innovator Capital Management was founded in 2017 by ETF pioneers Bruce Bond and John Southard, who previously developed the successful PowerShares ETF lineup. Innovator made history by launching the first Defined Outcome ETFs in August 2018, which feature built-in risk management aimed at providing investors with predictable outcomes.

As with all investments, potential investors should consider the funds' objectives, risks, charges, and expenses before making decisions. Detailed information is available in the prospectus and summary prospectus located on Innovator's website. For questions or further inquiries, investors are encouraged to contact Innovator directly.

This announcement underscores Innovator’s commitment to transparency and accuracy in financial reporting, essential for maintaining investor trust and confidence.

The recent net asset value (NAV) restatement for Innovator’s U.S. Small Cap Power Buffer ETF™ (KSEP), International Developed Power Buffer ETF™ (ISEP), and U.S. Equity Buffer ETF™ (BSEP) highlights an important consideration for investors assessing these funds. On September 3, 2025, Innovator reported that the NAV for KSEP was revised upwards by 0.31%, while ISEP experienced a slight decrease of 0.01%, and BSEP saw a modest increase of 0.10%.

For investors, understanding the implications of NAV adjustments is critical. In this instance, the adjustments stemmed from a one-time error in calculation, and Innovator has assured stakeholders that no further changes are expected. This transparency is a positive indicator for potential investors, suggesting that the firm prioritizes accuracy and shareholder communication.

When considering an investment in these ETFs, it’s essential to evaluate the associated risks and the strategy each fund employs to achieve its defined outcomes. Each ETF is designed with built-in risk management features aimed at providing a level of predictability in return profiles. KSEP, ISEP, and BSEP provide exposure to unique geographic and asset classes, which can be advantageous in diversifying portfolios, especially under volatile market conditions.

Investors should also examine the associated fees and expenses of these funds, as they can impact long-term returns. Despite the minor NAV fluctuations, the core strategy of these buffer ETFs to mitigate downside risk remains intact, offering a compelling investment proposition for risk-conscious investors.

As always, potential investors should thoroughly read the prospectus to understand these products fully and consider how they align with individual investment goals. In conclusion, while the NAV adjustments may seem minor, they underscore the importance of diligence and awareness in selecting managed funds within the current investing landscape.