# EDGAR Filing Document

**Accession Number:** 0001415726
**File Stem:** 0001437749-23-007883
**Filing Date:** 2023-3
**Character Count:** 4997
**Document Hash:** f1ec364d34be677a4053efe7c6d0fa3a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-23-007883.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001437749-23-007883

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230324

**EFFECTIVENESS DATE**: 20230327

**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:** 23760970

**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 Accelerated ETF - April (Series ID: S000070747)

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|  |  |
|:---|:---|
| Class Name                                    | Class ID   |
| Innovator U.S. Equity Accelerated ETF - April | C000224889 |

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### Innovator U.S. Equity Accelerated 9 Buffer ETF - April (Series ID: S000070748)

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|  |  |
|:---|:---|
| Class Name                                             | Class ID   |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - April | C000224890 |

---

### Innovator U.S. Equity Accelerated Plus ETF - April (Series ID: S000070749)

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|  |  |
|:---|:---|
| Class Name                                         | Class ID   |
| Innovator U.S. Equity Accelerated Plus ETF - April | C000224891 |

---

### Innovator Growth Accelerated Plus ETF - April (Series ID: S000070880)

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|  |  |
|:---|:---|
| Class Name                                    | Class ID   |
| Innovator Growth Accelerated Plus ETF - April | C000225135 |

---

## Series and Classes Contracts Data

### Innovator U.S. Equity Accelerated ETF - April (Series ID: S000070747)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000224889 | Innovator U.S. Equity Accelerated ETF - April |  |

### Innovator U.S. Equity Accelerated 9 Buffer ETF - April (Series ID: S000070748)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000224890 | Innovator U.S. Equity Accelerated 9 Buffer ETF - April |  |

### Innovator U.S. Equity Accelerated Plus ETF - April (Series ID: S000070749)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000224891 | Innovator U.S. Equity Accelerated Plus ETF - April |  |

### Innovator Growth Accelerated Plus ETF - April (Series ID: S000070880)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000225135 | Innovator Growth Accelerated Plus ETF - April |  |

Rule 497(e)

File No. 333-146827

Innovator ETFs Trust

(the "*Trust*")

Innovator Growth Accelerated Plus ETF™ – April

Innovator U.S. Equity Accelerated 9 Buffer ETF™ – April

Innovator U.S. Equity Accelerated ETF™ – April

Innovator U.S. Equity Accelerated Plus ETF™ – April

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

Supplement To each Fund's Prospectus<br> Dated February 27, 2023

March 24, 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 will end on March 31, 2023, and each Fund will commence a new outcome period that will begin on April 1, 2023 and end on March 31, 2024. Each Fund's Cap will not be determined until the start of the new outcome period on April 1, 2023. As of March 23, 2023, the expected range of each Fund's Cap is set forth below.

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| | | |
|:---|:---|:---|
| **Fund Name** | **Ticker** | **Estimated Cap Range** |
| Innovator Growth Accelerated Plus ETF™ – April | QTAP | 19.51% – 23.44%<br> (18.72% – 22.65% after taking into account the Fund's unitary management fee) |
| Innovator U.S. Equity Accelerated 9 Buffer ETF™ – April | XBAP | 13.52% – 15.34%<br> (12.73% – 14.55% after taking into account the Fund's unitary management fee) |
| Innovator U.S. Equity Accelerated ETF™ – April | XDAP | 19.63% – 21.67%<br> (18.84% – 20.88% after taking into account the Fund's unitary management fee) |
| Innovator U.S. Equity Accelerated Plus ETF™ – April | XTAP | 17.74% – 19.85%<br> (16.95% – 19.06% after taking into account the Fund's unitary management fee) |

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Please Keep This Supplement With Your Prospectus For Future Reference