Innovator ETFs Trust

11/13/2024 | Press release | Distributed by Public on 11/13/2024 08:21

Prospectus by Investment Company - Form 497

Rule 497(e)

File No. 333-146827

Innovator ETFs® Trust

(the "Trust")

Supplement to the Statement of Additional Information ("SAI")
for each series listed in Appendix A (each a "Fund")

Dated November 13, 2024

Effective November 13, 2024, Kenneth Kalina has been appointed Chief Compliance Officer and Anti-Money Laundering Officer of the Trust. Accordingly, the "Trustees and Officers" table contained in the "Management of the Trust" section in each Fund's SAI is amended to reflect the below, and any other references to Kevin P. Hourihan in each Fund's SAI are deleted in their entirety and replaced with "Kenneth Kalina":

Name, Address and Year of
Birth
Position(s) Held
with the Trust
Length of
Time
Served
Principal Occupation(s)
During Past 5 Years
Number of
Portfolios in
Fund Complex
Overseen by
Trustee or
Officer
Other Directorships Held
by Trustee or Officer in the
Past Five Years

Kenneth Kalina
3 Canal Plaza, Suite 100
Portland, ME 04101

Year of Birth: 1959

Chief Compliance Officer and Anti-Money Laundering Officer Since 2024 Senior Principal Consultant, ACA Foreside (2022 - present); Fund Chief Compliance Officer, Foreside Fund Officer Services, LLC (June 2017 - June 2022). 145 None

Please Keep This Supplement With Your Statement of
Additional Information For Future Reference

Appendix A

Statement of Additional Information, dated December 1, 2023, for

Innovator International Developed Power Buffer ETF™ - December

Statement of Additional Information, dated January 2, 2024, for:

Innovator Premium Income 10 Barrier ETFÔ - January

Statement of Additional Information, dated January 2, 2024, for:

Innovator Premium Income 20 Barrier ETFÔ - January

Statement of Additional Information, dated January 2, 2024, for:

Innovator Premium Income 30 Barrier ETFÔ - January

Statement of Additional Information, dated January 2, 2024, for:

Innovator Premium Income 40 Barrier ETFÔ - January

Statement of Additional Information, dated January 2, 2024, for:

Innovator Premium Income 9 Buffer ETFÔ - January

Statement of Additional Information, dated January 2, 2024, for:

Innovator Premium Income 15 Buffer ETFÔ - January

Statement of Additional Information, dated January 2, 2024, for:

Innovator Equity Defined Protection ETFÔ - 2 Yr to January 2026

Statement of Additional Information, dated January 24, 2024, for

Innovator Nasdaq-100® Managed Floor ETF®

Statement of Additional Information, dated February 1, 2024, for

Innovator International Developed Power Buffer ETF™ - February

Statement of Additional Information, dated February 27, 2024, for:

Innovator Premium Income 10 Barrier ETFÔ - April

Innovator Premium Income 20 Barrier ETFÔ - April

Innovator Premium Income 30 Barrier ETFÔ - April

Innovator Premium Income 40 Barrier ETFÔ - April

Innovator Premium Income 10 Barrier ETFÔ - July

Innovator Premium Income 20 Barrier ETFÔ - July

Innovator Premium Income 30 Barrier ETFÔ - July

Innovator Premium Income 40 Barrier ETFÔ - July

Innovator Premium Income 10 Barrier ETFÔ - October

Innovator Premium Income 20 Barrier ETFÔ - October

Innovator Premium Income 30 Barrier ETFÔ - October

Innovator Premium Income 40 Barrier ETFÔ - October

Innovator Premium Income 9 Buffer ETFÔ - October

Innovator Premium Income 15 Buffer ETFÔ - October

Statement of Additional Information, dated February 27, 2024, for:

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 Growth Accelerated ETF® - Quarterly

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® - January

Innovator U.S. Equity Accelerated ETF® - April

Innovator U.S. Equity Accelerated ETF® - July

Innovator U.S. Equity Accelerated ETF® - October

Innovator U.S. Equity Accelerated ETF® - Quarterly

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

Statement of Additional Information, dated February 27, 2024, for:

Innovator 20+ Year Treasury Bond 9 Buffer ETF™ - July

Innovator 20+ Year Treasury Bond 5 Floor ETF® - Quarterly

Innovator Defined Wealth Shield ETF

Innovator Buffer Step-Up Strategy ETF®

Innovator Power Buffer Step-Up Strategy ETF®

Innovator Equity Managed Floor ETF®

Innovator Equity Defined Protection ETFÔ - 2 Yr to July 2025

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

Innovator U.S. Equity 10 Buffer ETFÔ - Quarterly

Statement of Additional Information, dated February 27, 2024, for:

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 - April

Innovator Growth-100 Power Buffer ETFÔ - July

Innovator Growth-100 Power Buffer ETFÔ - October

Innovator International Developed Power Buffer ETFÔ - January

Innovator International Developed Power Buffer ETFÔ - April

Innovator International Developed Power Buffer ETFÔ - July

Innovator International Developed Power Buffer ETFÔ - September

Innovator International Developed Power Buffer ETFÔ - October

Innovator International Developed Power Buffer ETFÔ - November

Innovator U.S. Small Cap Power Buffer ETFÔ - January

Innovator U.S. Small Cap Power Buffer ETFÔ - April

Innovator U.S. Small Cap Power Buffer ETFÔ - July

Innovator U.S. Small Cap Power Buffer ETFÔ - October

Statement of Additional Information, dated February 27, 2024, for:

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

Statement of Additional Information, dated February 28, 2024, for:

Innovator IBD® 50 ETF

Innovator IBD® Breakout Opportunities ETF

Innovator Laddered Allocation Buffer ETFÔ

Innovator Laddered Allocation Power Buffer ETFÔ

Innovator Deepwater Frontier Tech ETF

Innovator S&P Investment Grade Preferred ETF

Innovator Gradient Tactical Rotation Strategy ETF

Statement of Additional Information, dated March 1, 2024, for

Innovator International Developed Power Buffer ETF™ - March

Statement of Additional Information, dated April 1, 2024, for:

Innovator Premium Income 9 Buffer ETFÔ - April

Statement of Additional Information, dated April 1, 2024, for:

Innovator Premium Income 15 Buffer ETFÔ - April

Statement of Additional Information, dated April 1, 2024, for:

Innovator Equity Defined Protection ETFÔ - 2 Yr to April 2026

Statement of Additional Information, dated May 1, 2024, for

Innovator International Developed Power Buffer ETF™ - May

Statement of Additional Information, dated June 3, 2024, for

Innovator Growth-100 Power Buffer ETF™ - June

Statement of Additional Information, dated June 3, 2024, for

Innovator International Developed Power Buffer ETF™ - June

Statement of Additional Information, dated June 3, 2024, for

Innovator U.S. Small Cap Power Buffer ETF™ - June

Statement of Additional Information, dated July 1, 2024, for:

Innovator Premium Income 9 Buffer ETFÔ - July

Statement of Additional Information, dated July 1, 2024, for:

Innovator Premium Income 15 Buffer ETFÔ - July

Statement of Additional Information, dated July 1, 2024, for:

Innovator Equity Defined Protection ETFÔ - 2 Yr to July 2026

Statement of Additional Information, dated July 1, 2024, for:

Innovator Equity Defined Protection ETFÔ - 1 Yr July

Statement of Additional Information, dated July 1, 2024, for:

Innovator Equity Defined Protection ETFÔ - 6 Mo Jan/ July

Statement of Additional Information, dated July 1, 2024, for:

Innovator Emerging Markets 10 Buffer ETFÔ - Quarterly

Statement of Additional Information, dated July 1, 2024, for:

Innovator International Developed 10 Buffer ETFÔ - Quarterly

Statement of Additional Information, dated July 1, 2024, for:

Innovator Nasdaq-100® 10 Buffer ETFÔ - Quarterly

Statement of Additional Information, dated July 1, 2024, for:

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

Statement of Additional Information, dated August 1, 2024, for

Innovator Growth-100 Power Buffer ETF™ - August

Statement of Additional Information, dated August 1, 2024, for

Innovator International Developed Power Buffer ETF™ - August

Statement of Additional Information, dated August 1, 2024, for

Innovator U.S. Small Cap Power Buffer ETF™ - August

Statement of Additional Information, dated August 1, 2024, for

Innovator Equity Defined Protection ETF™ - 1 Yr August

Statement of Additional Information, dated August 20, 2024, for

Innovator Hedged Nasdaq-100® ETF

Statement of Additional Information, dated September 3, 2024, for

Innovator Growth-100 Power Buffer ETF™ - September

Statement of Additional Information, dated September 3, 2024, for

Innovator U.S. Small Cap Power Buffer ETF™ - September

Statement of Additional Information, dated September 3, 2024, for

Innovator Equity Defined Protection ETF™ - 1 Yr September

Statement of Additional Information, dated September 17, 2024, for

Innovator U.S. Small Cap Managed Floor ETF®

Statement of Additional Information, dated October 1, 2024, for:

Innovator Equity Defined Protection ETFÔ - 6 Mo Apr/ Oct

Statement of Additional Information, dated October 1, 2024, for

Innovator Equity Defined Protection ETF™ - 1 Yr October

Statement of Additional Information, dated October 1, 2024, for

Innovator Equity Defined Protection ETF™ - 2 Yr October 2026

Statement of Additional Information, dated November 1, 2024, for

Innovator Growth-100 Power Buffer ETF™ - November

Statement of Additional Information, dated November 1, 2024, for

Innovator U.S. Small Cap Power Buffer ETF™ - November

Statement of Additional Information, dated November 1, 2024, for

Innovator Equity Defined Protection ETF™ - 1 Yr November