Rule 497(e)
File No. 333-146827
Innovator ETFs® Trust
(the “Trust”)
Supplement
to the Prospectus, Summary Prospectus and Statement of Additional Information (“SAI”)
for each series listed in Appendix
A (each a “Fund”)
Dated April 3, 2025
Notwithstanding anything to the contrary in the prospectus, summary prospectus and statement of additional information for each Fund, Jordan Rosenfeld will no longer serve as a portfolio manager for each Fund. Accordingly, any references to Jordan Rosenfeld in each Fund’s prospectus, summary prospectus and statement of additional information are deleted in their entirety.
Please Keep
This Supplement With Your Prospectus, Summary Prospectus and
Statement
of Additional Information For Future Reference
Appendix A
Innovator U.S. Equity Buffer ETFÔ – January
Innovator U.S. Equity Buffer ETFÔ – February
Innovator U.S. Equity Buffer ETFÔ – March
Innovator U.S. Equity Buffer ETFÔ – April
Innovator U.S. Equity Buffer ETFÔ – May
Innovator U.S. Equity Buffer ETFÔ – June
Innovator U.S. Equity Buffer ETFÔ – July
Innovator U.S. Equity Buffer ETFÔ – August
Innovator U.S. Equity Buffer ETFÔ – September
Innovator U.S. Equity Buffer ETFÔ – October
Innovator U.S. Equity Buffer ETFÔ – November
Innovator U.S. Equity Buffer ETFÔ – December
Innovator U.S. Equity Power Buffer ETFÔ – January
Innovator U.S. Equity Power Buffer ETFÔ – February
Innovator U.S. Equity Power Buffer ETFÔ – March
Innovator U.S. Equity Power Buffer ETFÔ – April
Innovator U.S. Equity Power Buffer ETFÔ – May
Innovator U.S. Equity Power Buffer ETFÔ – June
Innovator U.S. Equity Power Buffer ETFÔ – July
Innovator U.S. Equity Power Buffer ETFÔ – August
Innovator U.S. Equity Power Buffer ETFÔ – September
Innovator U.S. Equity Power Buffer ETFÔ – October
Innovator U.S. Equity Power Buffer ETFÔ – November
Innovator U.S. Equity Power Buffer ETFÔ – December
Innovator U.S. Equity Ultra Buffer ETFÔ – January
Innovator U.S. Equity Ultra Buffer ETFÔ – February
Innovator U.S. Equity Ultra Buffer ETFÔ – March
Innovator U.S. Equity Ultra Buffer ETFÔ – April
Innovator U.S. Equity Ultra Buffer ETFÔ – May
Innovator U.S. Equity Ultra Buffer ETFÔ – June
Innovator U.S. Equity Ultra Buffer ETFÔ – July
Innovator U.S. Equity Ultra Buffer ETFÔ – August
Innovator U.S. Equity Ultra Buffer ETFÔ – September
Innovator U.S. Equity Ultra Buffer ETFÔ – October
Innovator U.S. Equity Ultra Buffer ETFÔ – November
Innovator U.S. Equity Ultra Buffer ETFÔ – December
Innovator Emerging Markets Power Buffer ETFÔ – January
Innovator Emerging Markets Power Buffer ETFÔ – April
Innovator Emerging Markets Power Buffer ETFÔ – July
Innovator Emerging Markets Power Buffer ETFÔ – October
Innovator Growth-100 Power Buffer ETFÔ – January
Innovator Growth-100 Power Buffer ETFÔ – February
Innovator Growth-100 Power Buffer ETFÔ – March
Innovator Growth-100 Power Buffer ETFÔ – April
Innovator Growth-100 Power Buffer ETFÔ – June
Innovator Growth-100 Power Buffer ETFÔ – July
Innovator Growth-100 Power Buffer ETFÔ – August
Innovator Growth-100 Power Buffer ETFÔ – September
Innovator Growth-100 Power Buffer ETFÔ – October
Innovator Growth-100 Power Buffer ETFÔ – November
Innovator Growth-100 Power Buffer ETFÔ – December
Innovator International Developed Power Buffer ETFÔ – January
Innovator International Developed Power Buffer ETFÔ – February
Innovator International Developed Power Buffer ETFÔ – March
Innovator International Developed Power Buffer ETFÔ – April
Innovator International Developed Power Buffer ETFÔ – May
Innovator International Developed Power Buffer ETFÔ – June
Innovator International Developed Power Buffer ETFÔ – July
Innovator International Developed Power Buffer ETFÔ – August
Innovator International Developed Power Buffer ETFÔ – September
Innovator International Developed Power Buffer ETFÔ – October
Innovator International Developed Power Buffer ETFÔ – November
Innovator International Developed Power Buffer ETFÔ – December
Innovator U.S. Small Cap Power Buffer ETFÔ – January
Innovator U.S. Small Cap Power Buffer ETFÔ – February
Innovator U.S. Small Cap Power Buffer ETFÔ – March
Innovator U.S. Small Cap Power Buffer ETFÔ – April
Innovator U.S. Small Cap Power Buffer ETFÔ – June
Innovator U.S. Small Cap Power Buffer ETFÔ – July
Innovator U.S. Small Cap Power Buffer ETFÔ – August
Innovator U.S. Small Cap Power Buffer ETFÔ – September
Innovator U.S. Small Cap Power Buffer ETFÔ – October
Innovator U.S. Small Cap Power Buffer ETFÔ – November
Innovator U.S. Small Cap Power Buffer ETFÔ – December
Innovator Premium Income 10 Barrier ETFÔ – July
Innovator Premium Income 10 Barrier ETFÔ – October
Innovator Premium Income 20 Barrier ETFÔ – January
Innovator Premium Income 20 Barrier ETFÔ – April
Innovator Premium Income 20 Barrier ETFÔ – July
Innovator Premium Income 20 Barrier ETFÔ – October
Innovator Premium Income 30 Barrier ETFÔ – January
Innovator Premium Income 30 Barrier ETFÔ – April
Innovator Premium Income 30 Barrier ETFÔ – July
Innovator Premium Income 30 Barrier ETFÔ – October
Innovator Premium Income 40 Barrier ETFÔ – July
Innovator Premium Income 40 Barrier ETFÔ – October
Innovator Premium Income 9 Buffer ETFÔ – July
Innovator Premium Income 9 Buffer ETFÔ – October
Innovator Premium Income 15 Buffer ETFÔ – January
Innovator Premium Income 15 Buffer ETFÔ – April
Innovator Premium Income 15 Buffer ETFÔ – July
Innovator Premium Income 15 Buffer ETFÔ – October
Innovator Defined Wealth Shield ETF
Innovator U.S. Equity 5 to 15 Buffer ETFÔ – Quarterly
Innovator U.S. Equity 10 Buffer ETFÔ – Quarterly
Innovator Nasdaq-100® 10 Buffer ETFÔ – Quarterly
Innovator U.S. Small Cap 10 Buffer ETFÔ – Quarterly
Innovator International Developed 10 Buffer ETFÔ – Quarterly
Innovator Emerging Markets 10 Buffer ETFÔ – Quarterly
Innovator Growth Accelerated ETF® – Quarterly
Innovator U.S. Equity Accelerated ETF® – Quarterly
Innovator 20+ Year Treasury Bond 5 Floor ETF® – Quarterly
Innovator 20+ Year Treasury Bond 9 Buffer ETFÔ – July
Innovator Equity Defined Protection ETFÔ – 2 Yr to July 2025
Innovator Equity Defined Protection ETFÔ – 2 Yr to January 2026
Innovator Equity Defined Protection ETFÔ – 2 Yr to April 2026
Innovator Equity Defined Protection ETFÔ – 2 Yr to July 2026
Innovator Equity Defined Protection ETFÔ – 2 Yr to October 2026
Innovator Equity Defined Protection ETFÔ – 2 Yr to January 2027
Innovator Equity Defined Protection ETFÔ – 2 Yr to April 2027
Innovator Equity Defined Protection ETFÔ – 1 Yr January
Innovator Equity Defined Protection ETFÔ – 1 Yr February
Innovator Equity Defined Protection ETFÔ – 1 Yr March
Innovator Equity Defined Protection ETFÔ – 1 Yr April
Innovator Equity Defined Protection ETFÔ – 1 Yr July
Innovator Equity Defined Protection ETFÔ – 1 Yr August
Innovator Equity Defined Protection ETFÔ – 1 Yr September
Innovator Equity Defined Protection ETFÔ – 1 Yr October
Innovator Equity Defined Protection ETFÔ – 1 Yr November
Innovator Equity Defined Protection ETFÔ – 1 Yr December
Innovator Equity Defined Protection ETFÔ – 6 Mo Jan/Jul
Innovator Equity Defined Protection ETFÔ – 6 Mo Apr/Oct
Innovator Growth Accelerated Plus ETF® – January
Innovator Growth Accelerated Plus ETF® – April
Innovator Growth Accelerated Plus ETF® – July
Innovator Growth Accelerated Plus ETF® – October
Innovator U.S. Equity Accelerated 9 Buffer ETFÔ – January
Innovator U.S. Equity Accelerated 9 Buffer ETFÔ – April
Innovator U.S. Equity Accelerated 9 Buffer ETFÔ – July
Innovator U.S. Equity Accelerated 9 Buffer ETFÔ – October
Innovator U.S. Equity Accelerated ETF® – July
Innovator U.S. Equity Accelerated ETF® – October
Innovator U.S. Equity Accelerated Plus ETF® – January
Innovator U.S. Equity Accelerated Plus ETF® – April
Innovator U.S. Equity Accelerated Plus ETF® – July
Innovator U.S. Equity Accelerated Plus ETF® – October
Innovator Uncapped Accelerated U.S. Equity ETFÔ
Innovator Buffer Step Up Strategy ETFÔ
Innovator Power Buffer Step Up Strategy ETFÔ
Innovator Hedged Nasdaq-100â ETF
Innovator Uncapped Bitcoin 20 Floor ETF®
Innovator Equity Premium Income – Daily PutWrite ETF