# EDGAR Filing Document

**Accession Number:** 0001415726
**File Stem:** 0001437749-23-007889
**Filing Date:** 2023-3
**Character Count:** 5069
**Document Hash:** fc355cbcf1f31983a496c5a14c4b19c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-23-007889.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001437749-23-007889

**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:** 23760983

**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 International Developed Power Buffer ETF - April (Series ID: S000068279)

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|  |  |
|:---|:---|
| Class Name                                                 | Class ID   |
| Innovator International Developed Power Buffer ETF - April | C000218587 |

---

### Innovator Emerging Markets Power Buffer ETF - April (Series ID: S000068280)

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|  |  |
|:---|:---|
| Class Name                                          | Class ID   |
| Innovator Emerging Markets Power Buffer ETF - April | C000218588 |

---

### Innovator Growth-100 Power Buffer ETF - April (Series ID: S000068282)

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|  |  |
|:---|:---|
| Class Name                                    | Class ID   |
| Innovator Growth-100 Power Buffer ETF - April | C000218590 |

---

### Innovator U.S. Small Cap Power Buffer ETF - April (Series ID: S000068284)

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|  |  |
|:---|:---|
| Class Name                                        | Class ID   |
| Innovator U.S. Small Cap Power Buffer ETF - April | C000218592 |

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## Series and Classes Contracts Data

### Innovator International Developed Power Buffer ETF - April (Series ID: S000068279)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000218587 | Innovator International Developed Power Buffer ETF - April |  |

### Innovator Emerging Markets Power Buffer ETF - April (Series ID: S000068280)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000218588 | Innovator Emerging Markets Power Buffer ETF - April |  |

### Innovator Growth-100 Power Buffer ETF - April (Series ID: S000068282)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000218590 | Innovator Growth-100 Power Buffer ETF - April |  |

### Innovator U.S. Small Cap Power Buffer ETF - April (Series ID: S000068284)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000218592 | Innovator U.S. Small Cap Power Buffer ETF - April |  |

Rule 497(e)

File No. 333-146827

Innovator ETFs Trust

(the "*Trust*")

Innovator Emerging Markets Power Buffer ETF™ – April

Innovator Growth-100 Power Buffer ETF™ – April

Innovator International Developed Power Buffer ETF™ – April

Innovator U.S. Small Cap Power Buffer 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 Emerging Markets Power Buffer ETF™ – April | EAPR | 14.85% – 21.34%<br> (13.96% – 20.45% after taking into account the Fund's unitary management fee) |
| Innovator Growth-100 Power Buffer ETF™ – April | NAPR | 17.72% – 19.62%<br> (16.93% – 18.83% after taking into account the Fund's unitary management fee) |
| Innovator International Developed Power Buffer ETF™ – April | IAPR | 15.99% – 25.25%<br> (15.14% – 24.40% after taking into account the Fund's unitary management fee) |
| Innovator U.S. Small Cap Power Buffer ETF™ – April | KAPR | 17.41% – 19.85%<br> (16.62% – 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