Innovator ETFs Trust
09/23/2025 | Press release | Distributed by Public on 09/23/2025 14:37
Prospectus by Investment Company (Form 497)
Rule 497(e)
File No. 333-146827
Innovator ETFsÒ Trust
(the "Trust")
Innovator 20+ Year Treasury Bond 5 Floor ETFÒ - Quarterly
Innovator Emerging Markets 10 Buffer ETFÔ - Quarterly
Innovator Growth Accelerated ETFÒ - Quarterly
Innovator International Developed 10 Buffer ETFÔ - Quarterly
Innovator Nasdaq-100Ò 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 ETFÒ - Quarterly
Innovator U.S. Small Cap 10 Buffer ETFÔ - Quarterly
(each, a "Fund" and together, the "Funds")
Supplement to Each Fund's Prospectus
Dated February 28, 2025 or March 5, 2025
September 23, 2025
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 three months. The current Outcome Period will end on September 30, 2025, and each Fund will commence a new Outcome Period that will begin on October 1, 2025 and end on December 31, 2025. Each Fund's Cap will not be determined until the start of the new Outcome Period. At the commencement of the new Outcome Period, each Fund will file a supplement to its prospectus that will include the actual Cap for the new Outcome Period, which may be higher or lower than the estimated Cap ranges set forth below. As of September 23, 2025, the expected range of each Fund's Cap is set forth below.
|
Fund Name |
Ticker | Estimated Cap Range |
| Innovator 20+ Year Treasury Bond 5 Floor ETFÒ - Quarterly | TFJL |
6.77% - 16.77% (6.57% - 16.57% after taking into account the Fund's unitary management fee for the Outcome Period) |
| Innovator Emerging Markets 10 Buffer ETF™ - Quarterly | EBUF |
1.90% - 3.90% (1.67% - 3.67% after taking into account the Fund's unitary management fee for the Outcome Period) |
| Innovator Growth Accelerated ETF® - Quarterly | XDQQ |
7.29% - 9.29% (7.09% - 9.09% after taking into account the Fund's unitary management fee for the Outcome Period) |
| Innovator International Developed 10 Buffer ETF™ - Quarterly | IBUF |
1.62% - 3.62% (1.40% - 3.40% after taking into account the Fund's unitary management fee for the Outcome Period) |
| Innovator Nasdaq-100Ò 10 Buffer ETF™ - Quarterly | QBUF |
3.53% - 4.53% (3.33% - 4.33% after taking into account the Fund's unitary management fee for the Outcome Period) |
| Innovator U.S. Equity 5 to 15 Buffer ETF™- Quarterly | EALT |
5.43% - 6.43% (5.25% - 6.25% after taking into account the Fund's unitary management fee for the Outcome Period) |
|
Innovator U.S. Equity 10 Buffer ETF™- Quarterly |
ZALT |
2.98% - 3.58% (2.80% - 3.40% after taking into account the Fund's unitary management fee for the Outcome Period) |
| Innovator U.S. Equity Accelerated ETF® - Quarterly | XDSQ |
5.36% - 7.36% (5.16% - 7.16% after taking into account the Fund's unitary management fee for the Outcome Period) |
| Innovator U.S. Small Cap 10 Buffer ETF™ - Quarterly | RBUF |
4.12% - 5.12% (3.92% - 4.92% after taking into account the Fund's unitary management fee for the Outcome Period) |
Please Keep This Supplement With Your Prospectus For Future Reference
Innovator ETFs Trust published this content on September 23, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 23, 2025 at 20:37 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]