# EDGAR Filing Document

**Accession Number:** 0001415726
**File Stem:** 0001437749-23-003989
**Filing Date:** 2023-2
**Character Count:** 4200
**Document Hash:** 3080437ead9fe93f7371ec4280217af5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-23-003989.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001437749-23-003989

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**EFFECTIVENESS DATE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Innovator ETFs Trust
- **CENTRAL INDEX KEY:** 0001415726
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-146827
- **FILM NUMBER:** 23648542

**BUSINESS ADDRESS:**
- **STREET 1:** 109 NORTH HALE STREET
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 800-621-1675

**MAIL ADDRESS:**
- **STREET 1:** 109 NORTH HALE STREET
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INNOVATOR ETFS TRUST
- **DATE OF NAME CHANGE:** 20170825

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Academy Funds Trust
- **DATE OF NAME CHANGE:** 20071019

## Series and Classes Contracts Data

### Innovator U.S. Equity Ultra Buffer ETF - March (Series ID: S000068075)

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|  |  |
|:---|:---|
| Class Name                                     | Class ID   |
| Innovator U.S. Equity Ultra Buffer ETF - March | C000218117 |

---

### Innovator U.S. Equity Power Buffer ETF - March (Series ID: S000068076)

---

|  |  |
|:---|:---|
| Class Name                                     | Class ID   |
| Innovator U.S. Equity Power Buffer ETF - March | C000218118 |

---

### Innovator U.S. Equity Buffer ETF - March (Series ID: S000068077)

---

|  |  |
|:---|:---|
| Class Name                               | Class ID   |
| Innovator U.S. Equity Buffer ETF - March | C000218119 |

---

## Series and Classes Contracts Data

### Innovator U.S. Equity Ultra Buffer ETF - March (Series ID: S000068075)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000218117 | Innovator U.S. Equity Ultra Buffer ETF - March |  |

### Innovator U.S. Equity Power Buffer ETF - March (Series ID: S000068076)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000218118 | Innovator U.S. Equity Power Buffer ETF - March |  |

### Innovator U.S. Equity Buffer ETF - March (Series ID: S000068077)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000218119 | Innovator U.S. Equity Buffer ETF - March |  |

Rule 497(e)

File No. 333-146827

Innovator ETFs Trust

(the "*Trust*")

Innovator U.S. Equity Buffer ETF™ – March

Innovator U.S. Equity Power Buffer ETF™ – March

Innovator U.S. Equity Ultra Buffer ETF™ – March

(each, a "*Fund*" and together, the "*Funds*")

Supplement To Each Fund's Prospectus<br> Dated March 1, 2022

February 21, 2023

As described in detail in each Fund's prospectus, an investment in shares of a Fund is subject to an upside return cap (the "*Cap*") that represents the maximum percentage return an investor can achieve from an investment in the Fund for the outcome period of approximately one year. The current Outcome Period for each Fund will end on February 28, 2023, and each Fund will commence a new outcome period that will begin on March 1, 2023 and end on February 29, 2024. Each Fund's Cap will not be determined until the start of the new Outcome Period on March 1, 2023. As of February 17, 2023, the expected range of each Fund's Cap is set forth below.

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| | | |
|:---|:---|:---|
| **Fund Name** | **Ticker** | **Estimated Cap Range** |
| Innovator U.S. Equity Buffer ETF™ – March | BMAR | 19.43% – 25.30%<br> (18.64% – 24.51% after taking into account the Fund's unitary management fee) |
| Innovator U.S. Equity Power Buffer ETF™ – March | PMAR | 14.24% – 16.29%<br> (13.45% – 15.50% after taking into account the Fund's unitary management fee) |
| Innovator U.S. Equity Ultra Buffer ETF™ – March | UMAR | 12.35% – 15.07%<br> (11.56% – 14.28% after taking into account the Fund's unitary management fee) |

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Please Keep This Supplement With Your Prospectus For Future Reference