# EDGAR Filing Document

**Accession Number:** 0001415726
**File Stem:** 0001213900-25-094204
**Filing Date:** 2025-10
**Character Count:** 13809
**Document Hash:** e79bdf98e4eec94b02b8b9a638c23f7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-094204.hdr.sgml**: 20251001

**ACCESSION NUMBER**: 0001213900-25-094204

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251001

**DATE AS OF CHANGE**: 20250930

**EFFECTIVENESS DATE**: 20251001

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Innovator ETFs Trust
- **CENTRAL INDEX KEY:** 0001415726

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-146827
- **FILM NUMBER:** 251362162

**BUSINESS ADDRESS:**
- **STREET 1:** 200 W. FRONT STREET
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 800-621-1675

**MAIL ADDRESS:**
- **STREET 1:** 200 W. FRONT 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 20+ Year Treasury Bond 5 Floor ETF - Quarterly (Series ID: S000068658)

---

|  |  |
|:---|:---|
| Class Name                                               | Class ID   |
| Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly | C000219606 |

---

### Innovator Growth Accelerated ETF - Quarterly (Series ID: S000070878)

---

|  |  |
|:---|:---|
| Class Name                                   | Class ID   |
| Innovator Growth Accelerated ETF - Quarterly | C000225133 |

---

### Innovator U.S. Equity Accelerated ETF - Quarterly (Series ID: S000070879)

---

|  |  |
|:---|:---|
| Class Name                                        | Class ID   |
| Innovator U.S. Equity Accelerated ETF - Quarterly | C000225134 |

---

### Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly (Series ID: S000081986)

---

|  |  |
|:---|:---|
| Class Name                                           | Class ID   |
| Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly | C000245152 |

---

### Innovator U.S. Equity 10 Buffer ETF - Quarterly (Series ID: S000081987)

---

|  |  |
|:---|:---|
| Class Name                                      | Class ID   |
| Innovator U.S. Equity 10 Buffer ETF - Quarterly | C000245153 |

---

### Innovator Nasdaq-100 10 Buffer ETF - Quarterly (Series ID: S000085645)

---

|  |  |
|:---|:---|
| Class Name                                     | Class ID   |
| Innovator Nasdaq-100 10 Buffer ETF - Quarterly | C000250974 |

---

### Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (Series ID: S000085646)

---

|  |  |
|:---|:---|
| Class Name                                         | Class ID   |
| Innovator U.S. Small Cap 10 Buffer ETF - Quarterly | C000250975 |

---

### Innovator International Developed 10 Buffer ETF - Quarterly (Series ID: S000085647)

---

|  |  |
|:---|:---|
| Class Name                                                  | Class ID   |
| Innovator International Developed 10 Buffer ETF - Quarterly | C000250976 |

---

### Innovator Emerging Markets 10 Buffer ETF - Quarterly (Series ID: S000085648)

---

|  |  |
|:---|:---|
| Class Name                                           | Class ID   |
| Innovator Emerging Markets 10 Buffer ETF - Quarterly | C000250977 |

---

## Series and Classes Contracts Data

### Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (Series ID: S000068658)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000219606 | Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly |  |

### Innovator Growth Accelerated ETF - Quarterly (Series ID: S000070878)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000225133 | Innovator Growth Accelerated ETF - Quarterly |  |

### Innovator U.S. Equity Accelerated ETF - Quarterly (Series ID: S000070879)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000225134 | Innovator U.S. Equity Accelerated ETF - Quarterly |  |

### Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly (Series ID: S000081986)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000245152 | Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly |  |

### Innovator U.S. Equity 10 Buffer ETF - Quarterly (Series ID: S000081987)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000245153 | Innovator U.S. Equity 10 Buffer ETF - Quarterly |  |

### Innovator Nasdaq-100 10 Buffer ETF - Quarterly (Series ID: S000085645)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000250974 | Innovator Nasdaq-100 10 Buffer ETF - Quarterly |  |

### Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (Series ID: S000085646)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000250975 | Innovator U.S. Small Cap 10 Buffer ETF - Quarterly |  |

### Innovator International Developed 10 Buffer ETF - Quarterly (Series ID: S000085647)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000250976 | Innovator International Developed 10 Buffer ETF - Quarterly |  |

### Innovator Emerging Markets 10 Buffer ETF - Quarterly (Series ID: S000085648)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000250977 | Innovator Emerging Markets 10 Buffer ETF - Quarterly |  |

Rule 497(e)

File No. 333-146827

Innovator ETFs<sup>Ò</sup> Trust

(the "*Trust*")

<br> Innovator 20+ Year Treasury Bond 5 Floor ETF<sup>Ò</sup> – Quarterly

Innovator Emerging Markets 10 Buffer ETFÔ – Quarterly

Innovator Growth Accelerated ETF<sup>Ò</sup> – Quarterly

Innovator International Developed 10 Buffer ETFÔ – Quarterly

Innovator Nasdaq-100<sup>Ò</sup> 10 Buffer ETFÔ – Quarterly

Innovator U.S. Equity 5 to 15 Buffer ETFÔ – Quarterly

Innovator U.S. Equity 10 Buffer ETFÔ – Quarterly

Innovator U.S. Equity Accelerated ETF<sup>Ò</sup> – Quarterly

Innovator U.S. Small Cap 10 Buffer ETFÔ – Quarterly

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

Supplement to Each Fund's Prospectus<br> Dated February 28, 2025 or March 5, 2025

October 1, 2025

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 three months. The prior Outcome Period ended on September 30, 2025. Each Fund has commenced a new Outcome Period that began on October 1, 2025 and will end on December 31, 2025. 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.

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Fund Name** | &nbsp;&nbsp;**Ticker** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Investment Objective** |
| &nbsp;&nbsp;Innovator 20+ Year Treasury Bond 5 Floor ETF<sup>Ò</sup> – Quarterly | &nbsp;&nbsp;TFJL | &nbsp;&nbsp; Gross: 42.00%<br> Net: 41.80%\* | &nbsp;&nbsp;The Fund seeks to provide investors with returns that match the price return of the iShares 20+ Year Treasury Bond ETF, up to the upside cap of 42.00% (prior to taking into account management fees and other fees) while providing a maximum loss of 5% (prior to taking into account management fees and other fees) of iShares 20+ Year Treasury Bond ETFÔ losses, over the period from October 1, 2025 through December 31, 2025. |
| &nbsp;&nbsp;Innovator Emerging Markets 10 Buffer ETF™ – Quarterly | &nbsp;&nbsp;EBUF | &nbsp;&nbsp; Gross: 4.00%<br> Net: 3.77%\* | &nbsp;&nbsp;The Fund seeks capital appreciation with a measure of downside protection by providing investors with returns that match the price return of the iShares MSCI Emerging Markets ETF, up to the upside cap of 4.00% (prior to taking into account management fees and other fees) while seeking to provide a buffer against the first 10% (prior to taking into account management fees and other fees) of iShares MSCI Emerging Markets ETF losses, over the period from October 1, 2025 through December 31, 2025. |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Innovator Growth Accelerated ETF<sup>®</sup> – Quarterly | &nbsp;&nbsp;XDQQ | &nbsp;&nbsp; Gross: 8.40%<br> Net: 8.20%\* | &nbsp;&nbsp;The Fund seeks to provide investors with returns that are twice those of the Invesco QQQ Trust<sup>SM</sup>, Series 1, up to the upside cap of 8.40% (prior to taking into account management fees and other fees) while approximately matching Invesco QQQ Trust<sup>SM</sup>, Series 1 losses, over the period from October 1, 2025 through December 31, 2025. |
| &nbsp;&nbsp;Innovator International Developed 10 Buffer ETF™ – Quarterly | &nbsp;&nbsp;IBUF | &nbsp;&nbsp; Gross: 3.70%<br> Net: 3.48%\* | &nbsp;&nbsp;The Fund seeks capital appreciation with a measure of downside protection by providing investors with returns that match the price return of the iShares MSCI EAFE ETF, up to the upside cap of 3.70% (prior to taking into account management fees and other fees) while seeking to provide a buffer against the first 10% (prior to taking into account management fees and other fees) of iShares MSCI EAFE ETF losses, over the period from October 1, 2025 through December 31, 2025. |
| &nbsp;&nbsp;Innovator Nasdaq-100<sup>Ò</sup> 10 Buffer ETF™ – Quarterly | &nbsp;&nbsp;QBUF | &nbsp;&nbsp; Gross: 4.19%<br> Net: 3.99%\* | &nbsp;&nbsp;The Fund seeks capital appreciation with a measure of downside protection by providing investors with returns that match the price return of the Invesco QQQ Trust<sup>SM</sup>, Series 1, up to the upside cap of 4.19% (prior to taking into account management fees and other fees) while seeking to provide a buffer against the first 10% (prior to taking into account management fees and other fees) of Invesco QQQ Trust<sup>SM</sup>, Series 1 losses, over the period from October 1, 2025 through December 31, 2025. |
| &nbsp;&nbsp;Innovator U.S. Equity 5 to 15 Buffer ETF™ – Quarterly | &nbsp;&nbsp;EALT | &nbsp;&nbsp; Gross: 6.08%<br> Net: 5.90%\* | &nbsp;&nbsp;The Fund seeks capital appreciation with a measure of downside protection by providing investors with returns that match the price return of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, up to the upside cap of 6.08% (prior to taking into account management fees and other Fund operating expenses) while seeking to provide a buffer against SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust losses of between 5% and 15% (prior to taking into account management fees and other Fund operating expenses) over the period from October 1, 2025 through December 31, 2025. |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Innovator U.S. Equity 10 Buffer ETF™ – Quarterly | &nbsp;&nbsp;ZALT | &nbsp;&nbsp; Gross: 3.46%<br> Net: 3.28%\* | &nbsp;&nbsp;The Fund seeks capital appreciation with a measure of downside protection by providing investors with returns that match the price return of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, up to the upside cap of 3.46% (prior to taking into account management fees and other Fund operating expenses) while seeking to provide a buffer against the first 10% (prior to taking into account management fees and other Fund operating expenses) of SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust losses, over the period from October 1, 2025 through December 31, 2025. |
| &nbsp;&nbsp;Innovator U.S. Equity Accelerated ETF<sup>®</sup> – Quarterly | &nbsp;&nbsp;XDSQ | &nbsp;&nbsp; Gross: 6.52%<br> Net:6.32%\* | &nbsp;&nbsp;The Fund seeks to provide investors with returns that are twice those of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, up to the upside cap of 6.52% (prior to taking into account management fees and other fees) while approximately matching SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust losses, over the period from October 1, 2025 through December 30, 2025. |
| &nbsp;&nbsp;Innovator U.S. Small Cap 10 Buffer ETF™ – Quarterly | &nbsp;&nbsp;RBUF | &nbsp;&nbsp; Gross: 4.98%<br> Net: 4.78%\* | &nbsp;&nbsp;The Fund seeks capital appreciation with a measure of downside protection by providing investors with returns that match the price return of the iShares Russell 2000 ETF, up to the upside cap of 4.98% (prior to taking into account management fees and other fees) while seeking to provide a buffer against the first 10% (prior to taking into account management fees and other fees) of iShares Russell 2000 ETF losses, over the period from October 1, 2025 through December 31, 2025. |

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

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

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

&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 the new Outcome Period: October 1, 2025 through
December 31, 2025.

&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