# EDGAR Filing Document

**Accession Number:** 0001415726
**File Stem:** 0001437749-22-029978
**Filing Date:** 2023-1
**Character Count:** 7773
**Document Hash:** 10eadc708905b7d7b9fece760afa9d1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-22-029978.hdr.sgml**: 20230103

**ACCESSION NUMBER**: 0001437749-22-029978

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230103

**DATE AS OF CHANGE**: 20221230

**EFFECTIVENESS DATE**: 20230103

**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:** 221503086

**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. Small Cap Power Buffer ETF - January (Series ID: S000064001)

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|  |  |
|:---|:---|
| Class Name                                          | Class ID   |
| Innovator U.S. Small Cap Power Buffer ETF - January | C000207068 |

---

### Innovator International Developed Power Buffer ETF - January (Series ID: S000064004)

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|  |  |
|:---|:---|
| Class Name                                                   | Class ID   |
| Innovator International Developed Power Buffer ETF - January | C000207071 |

---

### Innovator Emerging Markets Power Buffer ETF - January (Series ID: S000064007)

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|  |  |
|:---|:---|
| Class Name                                            | Class ID   |
| Innovator Emerging Markets Power Buffer ETF - January | C000207074 |

---

### Innovator Growth-100 Power Buffer ETF - January (Series ID: S000067348)

---

|  |  |
|:---|:---|
| Class Name                                      | Class ID   |
| Innovator Growth-100 Power Buffer ETF - January | C000216543 |

---

## Series and Classes Contracts Data

### Innovator U.S. Small Cap Power Buffer ETF - January (Series ID: S000064001)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000207068 | Innovator U.S. Small Cap Power Buffer ETF - January |  |

### Innovator International Developed Power Buffer ETF - January (Series ID: S000064004)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000207071 | Innovator International Developed Power Buffer ETF - January |  |

### Innovator Emerging Markets Power Buffer ETF - January (Series ID: S000064007)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000207074 | Innovator Emerging Markets Power Buffer ETF - January |  |

### Innovator Growth-100 Power Buffer ETF - January (Series ID: S000067348)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000216543 | Innovator Growth-100 Power Buffer ETF - January |  |

Rule 497(e)

File No. 333-146827

Innovator ETFs Trust

(the "*Trust*")

Innovator Emerging Markets Power Buffer ETF™ – January

Innovator Growth-100 Power Buffer ETF™ – January

Innovator International Developed Power Buffer ETF™ – January

Innovator U.S. Small Cap Power Buffer ETF™ – January

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

Supplement to Each Fund's Prospectus<br> Dated February 28, 2022

December 30, 2022

As described in detail in each Fund's prospectus, an investment in shares of each Fund is subject to an upside return cap (the "*Cap*") that represents the maximum percentage return an investor can achieve from an investment in such Fund for the outcome period of approximately one year. The current Outcome Period will end on December 31, 2022. Each Fund will commence a new outcome period that will begin on January 1, 2023 and end on December 31, 2023. An investment in each Fund over the course of the outcome period will be subject to such Fund's Cap as set forth in the table below.

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| | | |
|:---|:---|:---|
| **Fund** | **Cap** | **Investment Objective** |
| Innovator Emerging Markets Power Buffer ETF™ – January<br> EJAN | Gross: 24.56%<br> Net: 23.67%\* | The Fund seeks to provide investors with returns that match the price return of the iShares MSCI Emerging Markets ETF, up to the upside cap of 24.56% (prior to taking into account management fees and other fees) and 23.67% (after taking into account management fees) while providing a buffer against the first 15% (prior to taking into account management fees and other fees) and 14.11% (after taking into account management fees) of iShares MSCI Emerging Markets ETF losses, over the period from January 1, 2023 to December 31, 2023. |
| Innovator Growth-100 Power Buffer ETF™ – January<br> NJAN | Gross: 21.57%<br> Net: 20.78%\* | The Fund seeks to provide investors with returns that match the price return of the Invesco QQQ Trust<sup>SM</sup>, Series 1, up to the upside cap of 21.57% (prior to taking into account management fees and other fees) and 20.78% (after taking into account management fees) while providing a buffer against the first 15% (prior to taking into account management fees and other fees) and 14.21% (after taking into account management fees) of Invesco QQQ Trust<sup>SM</sup>, Series 1 losses, over the period from January 1, 2023 to December 31, 2023. |
| Innovator International Developed Power Buffer ETF™ – January<br> IJAN | Gross: 22.51%<br> Net: 21.66%\* | The Fund seeks to provide investors with returns that match the price return of the iShares MSCI EAFE ETF, up to the upside cap of 22.51% (prior to taking into account management fees and other fees) and 21.66% (after taking into account management fees) while providing a buffer against the first 15% (prior to taking into account management fees and other fees) and 14.15% (after taking into account management fees) of iShares MSCI EAFE ETF losses, over the period from January 1, 2023 to December 31, 2023. |
| Innovator U.S. Small Cap Power Buffer ETF™ – January<br> KJAN | Gross: 21.54%<br> Net: 20.75%\* | The Fund seeks to provide investors with returns that match the price return of the iShares Russell 2000 ETF, up to the upside cap of 21.54% (prior to taking into account management fees and other fees) and 20.75% (after taking into account management fees) while providing a buffer against the first 15% (prior to taking into account management fees and other fees) and 14.21% (after taking into account management fees) of iShares Russell 2000 ETF losses, over the period from January 1, 2023 to December 31, 2023. |

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\* Takes into account the Fund's unitary management fee.

In connection with onset of the new outcome period, each Fund's prospectus is amended as set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each Fund's investment objective is deleted in its entirety and replaced with the corresponding investment objective set forth in the table above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. All references to the dates associated with the prior outcome period are deleted in their entirety and replaced with references to new outcome period: January 1, 2023 through December 31, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. All references to the Cap for the prior outcome period are deleted in their entirety and replaced with the corresponding Cap set forth in the table above.

Please Keep This Supplement With Your Prospectus For Future Reference