XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Prospectus [Line Items] rr_ProspectusLineItems  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Nov. 30, 2019
Entity Registrant Name dei_EntityRegistrantName Innovator ETFs Trust
Entity Central Index Key dei_EntityCentralIndexKey 0001415726
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate May 26, 2020
Document Effective Date dei_DocumentEffectiveDate May 26, 2020
Prospectus Date rr_ProspectusDate Mar. 02, 2020
Entity Inv Company Type dei_EntityInvCompanyType N-1A
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
Rule 497(e)
Registration Nos. 333-146827 and 811-22135
 
Innovator ETFs Trust
(the “Trust”)

Innovator S&P 500 Buffer ETF™ – June
Innovator S&P 500 Power Buffer ETF™ – June
Innovator S&P 500 Ultra Buffer ETF™ – June
(each, a “Fund” and together, the “Funds”)
 
Supplement To each Fund’s Prospectus

Dated March 2, 2020
 
 
May 26, 2020
 
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 one year. Following the close of business on May 29, 2020, an outcome period for each Fund will end and each Fund will commence a new outcome period that will begin on June 1, 2020 and end on May 28, 2021. Each Fund’s Cap will not be determined until the start of the new outcome period on June 1, 2020. As of May 21, 2020, the expected range of each Fund’s Cap is set forth below.
 
Fund Name
Ticker
Cap Range
Innovator S&P 500 Buffer ETF™ – June
BJUN
16.81% – 20.28%
(16.02% – 19.49% after taking into account the
Fund’s unitary management fee)
Innovator S&P 500 Power Buffer ETF™ – June
PJUN
11.69% – 14.19%
(10.90% – 13.40% after taking into account the
Fund’s unitary management fee)
Innovator S&P 500 Ultra Buffer ETF™ – June
UJUN
7.49% – 9.32%
(6.70% – 8.53% after taking into account the
Fund’s unitary management fee)
Supplement Closing [Text Block] ck0001415726_SupplementClosingTextBlock
Please Keep This Supplement With Your Prospectus For Future Reference
Innovator S&P 500 Buffer ETF - June | Innovator S&P 500 Buffer ETF - June  
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol BJUN
Risk/Return [Heading] rr_RiskReturnHeading Innovator S&P 500 Buffer ETF™ – June
Innovator S&P 500 Power Buffer ETF - June | Innovator S&P 500 Power Buffer ETF - June  
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol PJUN
Risk/Return [Heading] rr_RiskReturnHeading Innovator S&P 500 Power Buffer ETF™ – June
Innovator S&P 500 Ultra Buffer ETF - June | Innovator S&P 500 Ultra Buffer ETF - June  
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol UJUN
Risk/Return [Heading] rr_RiskReturnHeading Innovator S&P 500 Ultra Buffer ETF™ – June