Innovator ETFs Trust
09/23/2025 | Press release | Distributed by Public on 09/23/2025 14:35
Prospectus by Investment Company (Form 497)
Rule 497(e)
File No. 333-146827
Innovator ETFsÒ Trust
(the "Trust")
Innovator Equity Defined Protection ETF® - 6 Mo Apr/Oct
(the "Fund")
Supplement To The Fund's Prospectus
Dated February 28, 2025
September 23, 2025
As described in detail in the Fund's prospectus, an investment in shares of the 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 six months. The current Outcome Period will end on September 30, 2025, and the Fund will commence a new Outcome Period that will begin on October 1, 2025 and end on March 31, 2026. The Fund's Cap will not be determined until the start of the new Outcome Period. At the commencement of the new Outcome Period, the 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 the Fund's Cap is set forth below.
| Fund Name | Ticker | Estimated Cap Range |
| Innovator Equity Defined Protection ETF® - 6 Mo Apr/Oct | APOC |
2.86% - 3.86% (2.46% - 3.46% 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 20:35 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]