The bar chart and table below illustrate the annual calendar year returns of the Fund based on NAV as well as the average annual Fund returns. The bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-to-year and by showing how the Fund’s average annual total returns based on NAV compared to those of a broad-based market index. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 9.42% (quarter ended March 31, 2024) and the Fund’s lowest quarterly return was (3.66)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator Equity Managed Floor ETF® | 1 Year | Since |
| Return Before Taxes | 13.31% | 17.21% |
| Return After Taxes on Distributions | 13.21% | 17.03% |
| Return After Taxes on Distributions and Sale of Fund Shares | 7.94% | 13.57% |
| S&P 500® Total Return Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 22.07% |
| S&P 500® Price Return Index (reflects no deduction for fees, expenses or taxes) | 16.39% | 20.30% |
| Solactive GBS United States 500 Total Return Index (reflects no deduction for fees, expenses or taxes) | 18.06% | 22.62% |
The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Returns before taxes do not reflect the effects of any income or capital gains taxes. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state or local tax. Returns after taxes on distributions reflect the taxed return on the payment of dividends and capital gains.
Your own actual after-tax returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.
The bar chart and table below illustrate the annual calendar year returns of the Fund based on NAV as well as the average annual Fund returns. The bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-to-year and by showing how the Fund’s average annual total returns based on NAV compared to those of a broad-based market index. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 10.76% (quarter ended September 30, 2025) and the Fund’s lowest quarterly return was (7.26)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator Nasdaq-100® Managed Floor ETF® | 1 Year | Since |
| Return Before Taxes | 17.14% | 17.61% |
| Return After Taxes on Distributions | 17.13% | 17.60% |
| Return After Taxes on Distributions and Sale of Fund Shares | 10.15% | 13.65% |
| Nasdaq-100® Total Return Index (reflects no deduction for fees, | 21.02% | 21.77% |
| Nasdaq-100® Price Return Index (reflects no deduction for fees, | 20.17% | 20.84% |
The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Returns before taxes do not reflect the effects of any income or capital gains taxes. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state or local tax. Returns after taxes on distributions reflect the taxed return on the payment of dividends and capital gains.
Your own actual after-tax returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.
The bar chart and table below illustrate the annual calendar year returns of the Fund based on NAV as well as the average annual Fund returns. The bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-to-year and by showing how the Fund’s average annual total returns based on NAV compared to those of the U.S. Small Cap Equity Index and two broad-based market indices: the Russell 2000 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Russell 2000 Price Return Index (which does not include any dividends and only measures the price movements of the underlying constituents). The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 10.22% (quarter ended September 30, 2025) and the Fund’s lowest quarterly return was (6.33)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator U.S. Small Cap Managed Floor ETF | 1 Year | Since |
| Return Before Taxes | 11.83% | 11.32% |
| Return After Taxes on Distributions | 11.65% | 11.11% |
| Return After Taxes on Distributions and Sale of Fund Shares | 7.12% | 8.62% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 11.72% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 10.21% |
| Solactive United States 2000 Index TR (reflects no deduction for fees, expenses or taxes) | 11.14% | 11.54% |
The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Returns before taxes do not reflect the effects of any income or capital gains taxes. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state or local tax. Returns after taxes on distributions reflect the taxed return on the payment of dividends and capital gains.
Your own actual after-tax returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.
As of the date of this prospectus, the Fund has been in operation for less than one full calendar year and therefore does not report its performance information. Once available, the Fund’s performance information will be accessible on the Fund’s website at www.innovatoretfs.com and will provide some indication of the risks of investing in the Fund.