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 compare to those of two broad-based market indices: the MSCI Emerging Markets Total Return Index and the MSCI Emerging Markets Price Index. Both indices have the same constituents in the same weights. However, the MSCI Emerging Markets Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI Emerging Markets Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 11.49% (quarter ended December 31, 2020) and the Fund’s lowest quarterly return was (12.20)% (quarter ended March 31, 2020).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator Emerging Markets Power Buffer ETF™ – January | 1 Year | 5 Years | Since |
| Return Before Taxes | 14.41% | 2.38% | 3.90% |
| Return After Taxes on Distributions | 14.41% | 2.38% | 3.90% |
| Return After Taxes on Distributions and Sale of Fund Shares | 8.53% | 1.83% | 3.04% |
| MSCI Emerging Markets Total Return Index (reflects no deduction for fees, expenses or taxes) | 33.57% | 4.20% | 6.42% |
| MSCI Emerging Markets Price Return Index (reflects no deduction for fees, expenses or taxes) | 30.58% | 1.69% | 3.93% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI Emerging Markets Total Return Index and the MSCI Emerging Markets Price Index. Both indices have the same constituents in the same weights. However, the MSCI Emerging Markets Total Return Index assumes that any dividends paid out
by index constituents have been reinvested in the index and the MSCI Emerging Markets Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 7.80% (quarter ended December 31, 2022) and the Fund’s lowest quarterly return was (6.91)% (quarter ended September 30, 2022).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator Emerging Markets Power Buffer ETF™ – April | 1 Year | Since |
| Return Before Taxes | 14.94% | 3.74% |
| Return After Taxes on Distributions | 14.94% | 3.74% |
| Return After Taxes on Distributions and Sale of Fund Shares | 8.84% | 2.90% |
| MSCI Emerging Markets Total Return Index (reflects no deduction for fees, expenses or taxes) | 33.57% | 3.92% |
| MSCI Emerging Markets Price Return Index (reflects no deduction for fees, expenses or taxes) | 30.58% | 1.37% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI Emerging Markets Total Return Index and the MSCI Emerging Markets Price Index. Both indices have the same constituents in the same weights. However, the MSCI Emerging Markets Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI Emerging Markets Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 9.40% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (12.19)% (quarter ended March 31, 2020).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator Emerging Markets Power Buffer ETF™ – July | 1 Year | 5 Years | Since |
| Return Before Taxes | 20.33% | 2.35% | 2.54% |
| Return After Taxes on Distributions | 20.33% | 2.35% | 2.50% |
| Return After Taxes on Distributions and Sale of Fund Shares | 12.04% | 1.81% | 1.95% |
| MSCI Emerging Markets Total Return Index (reflects no deduction for fees, expenses or taxes) | 33.57% | 4.20% | 7.03% |
| MSCI Emerging Markets Price Return Index (reflects no deduction for fees, expenses or taxes) | 30.58% | 1.69% | 4.49% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI Emerging Markets Total Return Index and the MSCI Emerging Markets Price Index. Both indices have the same constituents in the same weights. However, the MSCI Emerging Markets Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI Emerging Markets Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 9.98% (quarter ended September 30, 2025) and the Fund’s lowest quarterly return was (9.69)% (quarter ended September 30, 2022).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator Emerging Markets Power Buffer ETF™ – October | 1 Year | Since |
| Return Before Taxes | 21.97% | 5.67% |
| Return After Taxes on Distributions | 21.97% | 5.67% |
| Return After Taxes on Distributions and Sale of Fund Shares | 13.01% | 4.41% |
| MSCI Emerging Markets Total Return Index (reflects no deduction for fees, expenses or taxes) | 33.57% | 5.26% |
| MSCI Emerging Markets Price Return Index (reflects no deduction for fees, expenses or taxes) | 30.58% | 2.72% |
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 taxes 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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 11.07% (quarter ended June 30, 2020) and the Fund’s lowest quarterly return was (12.81)% (quarter ended June 30, 2022).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator Growth-100 Power Buffer ETF™ – January | 1 Year | 5 Years | Since |
| Return Before Taxes | 14.25% | 7.62% | 7.81% |
| Return After Taxes on Distributions | 14.25% | 7.62% | 7.81% |
| Return After Taxes on Distributions and Sale of Fund Shares | 8.44% | 6.00% | 6.20% |
| Nasdaq-100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 15.30% | 20.32% |
| Nasdaq-100 Price Return Index (reflects no deduction for fees, expenses or taxes) | 20.17% | 14.40% | 19.36% |
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 taxes 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.
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.
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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 14.10% (quarter ended March 31, 2023) and the Fund’s lowest quarterly return was (12.64)% (quarter ended June 30, 2022).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator Growth-100 Power Buffer ETF™ – April | 1 Year | 5 Years | Since |
| Return Before Taxes | 6.62% | 8.59% | 9.87% |
| Return After Taxes on Distributions | 6.62% | 8.59% | 9.87% |
| Return After Taxes on Distributions and Sale of Fund Shares | 3.92% | 6.79% | 7.89% |
| Nasdaq-100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 15.30% | 23.59% |
| Nasdaq-100 Price Return Index (reflects no deduction for fees, expenses or taxes) | 20.17% | 14.40% | 22.61% |
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 taxes 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.
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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 12.56% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (3.53)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator Growth-100 Power Buffer ETF™ – June | 1 Year | Since |
| Return Before Taxes | 15.54% | 15.57% |
| Return After Taxes on Distributions | 15.54% | 15.57% |
| Return After Taxes on Distributions and Sale of Fund Shares | 9.20% | 11.98% |
| Nasdaq-100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 22.41% |
| Nasdaq-100 Price Return Index (reflects no deduction for fees, expenses or taxes) | 20.17% | 21.51% |
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 taxes 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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 13.30% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (9.01)% (quarter ended June 30, 2022).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator Growth-100 Power Buffer ETF™ – July | 1 Year | 5 Years | Since |
| Return Before Taxes | 15.80% | 10.21% | 11.15% |
| Return After Taxes on Distributions | 15.80% | 10.21% | 11.15% |
| Return After Taxes on Distributions and Sale of Fund Shares | 9.36% | 8.11% | 8.93% |
| Nasdaq-100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 15.30% | 18.92% |
| Nasdaq-100 Price Return Index (reflects no deduction for fees, expenses or taxes) | 20.17% | 14.40% | 17.99% |
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 taxes 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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 10.87% (quarter ended June 30, 2025) 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 Growth-100 Power Buffer ETF™ – August | 1 Year | Since |
| Return Before Taxes | 14.80% | 14.78% |
| Return After Taxes on Distributions | 14.80% | 14.78% |
| Return After Taxes on Distributions and Sale of Fund Shares | 8.76% | 11.34% |
| Nasdaq-100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 21.47% |
| Nasdaq-100 Price Return Index (reflects no deduction for fees, expenses or taxes) | 20.17% | 20.57% |
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 taxes 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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 9.73% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (3.24)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator Growth-100 Power Buffer ETF™ – September | 1 Year | Since |
| Return Before Taxes | 13.88% | 13.99% |
| Return After Taxes on Distributions | 13.88% | 13.99% |
| Return After Taxes on Distributions and Sale of Fund Shares | 8.22% | 10.72% |
| Nasdaq-100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 21.86% |
| Nasdaq-100 Price Return Index (reflects no deduction for fees, expenses or taxes) | 20.17% | 20.98% |
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 taxes 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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 11.92% (quarter ended March 31, 2023) and the Fund’s lowest quarterly return was (10.72)% (quarter ended June 30, 2022).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator Growth-100 Power Buffer ETF™ – October | 1 Year | 5 Years | Since |
| Return Before Taxes | 12.68% | 9.87% | 10.69% |
| Return After Taxes on Distributions | 12.68% | 9.87% | 10.63% |
| Return After Taxes on Distributions and Sale of Fund Shares | 7.51% | 7.83% | 8.57% |
| Nasdaq-100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 15.30% | 21.78% |
| Nasdaq-100 Price Return Index (reflects no deduction for fees, expenses or taxes) | 20.17% | 14.40% | 20.80% |
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 taxes 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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 9.54% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (3.31)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator Growth-100 Power Buffer ETF™ – November | 1 Year | Since |
| Return Before Taxes | 11.09% | 12.71% |
| Return After Taxes on Distributions | 11.09% | 12.71% |
| Return After Taxes on Distributions and Sale of Fund Shares | 6.56% | 9.70% |
| Nasdaq-100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 23.59% |
| Nasdaq-100 Price Return Index (reflects no deduction for fees, expenses or taxes) | 20.17% | 22.68% |
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 taxes 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 compare to those of two broad-based market indices: the Nasdaq-100 Total Return Index (which assumes that any dividends paid out by index constituents have been reinvested) and the Nasdaq-100 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 9.66% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (3.50)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator Growth-100 Power Buffer ETF™ – December | 1 Year | Since |
| Return Before Taxes | 13.60% | 12.93% |
| Return After Taxes on Distributions | 13.60% | 12.93% |
| Return After Taxes on Distributions and Sale of Fund Shares | 8.05% | 9.87% |
| Nasdaq-100 Total Return Index | 21.02% | 19.68% |
| Nasdaq-100 Price Return Index | 20.17% | 18.83% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 15.64% (quarter ended December 31, 2022) and the Fund’s lowest quarterly return was (11.89)% (quarter ended March 31, 2020).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator International Developed Power Buffer ETF™ – January | 1 Year | 5 Years | Since |
| Return Before Taxes | 19.40% | 7.11% | 6.71% |
| Return After Taxes on Distributions | 19.40% | 7.11% | 6.71% |
| Return After Taxes on Distributions and Sale of Fund Shares | 11.48% | 5.59% | 5.30% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 8.92% | 8.74% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 6.14% | 6.02% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 7.34% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was 2.88% (quarter ended September 30, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – February | 1 Year | Since |
| Return Before Taxes | 19.96% | 10.46% |
| Return After Taxes on Distributions | 19.96% | 10.46% |
| Return After Taxes on Distributions and Sale of Fund Shares | 11.82% | 8.05% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 17.15% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 14.05% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 6.03% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was 2.95% (quarter ended September 30, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – March | 1 Year | Since |
| Return Before Taxes | 18.87% | 9.86% |
| Return After Taxes on Distributions | 18.87% | 9.86% |
| Return After Taxes on Distributions and Sale of Fund Shares | 11.17% | 7.95% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 16.79% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 13.66% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 10.39% (quarter ended December 31, 2022) and the Fund’s lowest quarterly return was (7.26)% (quarter ended June 30, 2022).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – April | 1 Year | Since |
| Return Before Taxes | 15.39% | 4.60% |
| Return After Taxes on Distributions | 15.39% | 4.60% |
| Return After Taxes on Distributions and Sale of Fund Shares | 9.11% | 3.58% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 8.62% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 5.84% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 7.79% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was 2.92% (quarter ended September 30, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – May | 1 Year | Since |
| Return Before Taxes | 20.38% | 11.75% |
| Return After Taxes on Distributions | 20.38% | 11.75% |
| Return After Taxes on Distributions and Sale of Fund Shares | 12.06% | 9.03% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 18.16% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 15.29% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE
Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 8.57% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was 2.32% (quarter ended September 30, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – June | 1 Year | Since |
| Return Before Taxes | 18.69% | 9.93% |
| Return After Taxes on Distributions | 18.69% | 9.93% |
| Return After Taxes on Distributions and Sale of Fund Shares | 11.06% | 7.61% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 16.40% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 13.82% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 10.96% (quarter ended December 31, 2022) and the Fund’s lowest quarterly return was (11.52)% (quarter ended March 31, 2020).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator International Developed Power Buffer ETF™ – July | 1 Year | 5 Years | Since |
| Return Before Taxes | 21.18% | 6.87% | 6.08% |
| Return After Taxes on Distributions | 21.18% | 6.87% | 6.03% |
| Return After Taxes on Distributions and Sale of Fund Shares | 12.54% | 5.40% | 4.78% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 8.92% | 9.16% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 6.14% | 6.48% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 9.13% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was 1.47% (quarter ended September 30, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – August | 1 Year | Since |
| Return Before Taxes | 17.58% | 9.99% |
| Return After Taxes on Distributions | 17.58% | 9.99% |
| Return After Taxes on Distributions and Sale of Fund Shares | 10.41% | 7.65% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 17.45% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 14.69% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 8.12% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (4.70)% (quarter ended December 31, 2024).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – September | 1 Year | Since |
| Return Before Taxes | 18.25% | 12.10% |
| Return After Taxes on Distributions | 18.25% | 12.10% |
| Return After Taxes on Distributions and Sale of Fund Shares | 10.80% | 9.38% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 17.36% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 14.49% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 10.72% (quarter ended December 31, 2022) and the Fund’s lowest quarterly return was (7.39)% (quarter ended September 30, 2022).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – October | 1 Year | Since |
| Return Before Taxes | 18.79% | 8.16% |
| Return After Taxes on Distributions | 18.79% | 8.16% |
| Return After Taxes on Distributions and Sale of Fund Shares | 11.12% | 6.40% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 8.51% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 5.74% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 7.62% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (2.96)% (quarter ended December 31, 2024).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – November | 1 Year | Since |
| Return Before Taxes | 20.24% | 15.96% |
| Return After Taxes on Distributions | 20.24% | 15.96% |
| Return After Taxes on Distributions and Sale of Fund Shares | 11.98% | 12.40% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 23.06% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 20.02% |
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 taxes 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 compare to those of two broad-based market indices: the MSCI EAFE Total Return Index and the MSCI EAFE Price Index. Both indices have the same constituents in the same weights. However, the MSCI EAFE Total Return Index assumes that any dividends paid out by index constituents have been reinvested in the index and the MSCI EAFE Price Return Index, which measures only the price movements of index constituents, does not. The Fund’s performance information is accessible on the Fund’s website at www.innovatoretfs.com.
The Fund’s highest quarterly return was 7.67% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (6.58)% (quarter ended December 31, 2024).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator International Developed Power Buffer ETF™ – December | 1 Year | Since |
| Return Before Taxes | 21.90% | 13.03% |
| Return After Taxes on Distributions | 21.90% | 13.03% |
| Return After Taxes on Distributions and Sale of Fund Shares | 12.97% | 10.08% |
| MSCI EAFE Total Return Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 18.90% |
| MSCI EAFE Price Return Index (reflects no deduction for fees, expenses or taxes) | 27.89% | 15.95% |
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 taxes 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 compare to those of 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 15.12% (quarter ended June 30, 2020) and the Fund’s lowest quarterly return was (19.09)% (quarter ended March 31, 2020).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator U.S. Small Cap Power Buffer ETF™ – January | 1 Year | 5 Years | Since |
| Return Before Taxes | 10.61% | 7.42% | 7.58% |
| Return After Taxes on Distributions | 10.61% | 7.42% | 7.58% |
| Return After Taxes on Distributions and Sale of Fund Shares | 6.28% | 5.83% | 6.01% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 6.09% | 8.29% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 4.68% | 6.84% |
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 taxes 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.
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.
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 compare to those of 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 8.76% (quarter ended December 31, 2023) and the Fund’s lowest quarterly return was (9.47)% (quarter ended June 30, 2022).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator U.S. Small Cap Power Buffer ETF™ – April | 1 Year | 5 Years | Since |
| Return Before Taxes | 7.68% | 5.66% | 7.67% |
| Return After Taxes on Distributions | 7.68% | 5.66% | 7.67% |
| Return After Taxes on Distributions and Sale of Fund Shares | 4.55% | 4.42% | 6.07% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 6.09% | 15.78% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 4.68% | 14.25% |
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 taxes 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.
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 compare to those of 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 5.38% (quarter ended September 30, 2025) and the Fund’s lowest quarterly return was (5.44)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator U.S. Small Cap Power Buffer ETF™ – June | 1 Year | Since |
| Return Before Taxes | 4.23% | 6.65% |
| Return After Taxes on Distributions | 4.23% | 6.65% |
| Return After Taxes on Distributions and Sale of Fund Shares | 2.51% | 5.09% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 13.67% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 12.12% |
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 taxes 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 compare to those of 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 8.30% (quarter ended December 31, 2023) and the Fund’s lowest quarterly return was (9.11)% (quarter ended June 30, 2022).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator U.S. Small Cap Power Buffer ETF™ – July | 1 Year | 5 Years | Since |
| Return Before Taxes | 8.24% | 4.17% | 6.02% |
| Return After Taxes on Distributions | 8.24% | 4.17% | 6.02% |
| Return After Taxes on Distributions and Sale of Fund Shares | 4.88% | 3.24% | 4.72% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 6.09% | 11.86% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 4.68% | 10.38% |
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 taxes 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 compare to those of 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 5.03% (quarter ended September 30, 2025) and the Fund’s lowest quarterly return was (4.59)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator U.S. Small Cap Power Buffer ETF™ – August | 1 Year | Since |
| Return Before Taxes | 6.08% | 5.04% |
| Return After Taxes on Distributions | 6.08% | 5.04% |
| Return After Taxes on Distributions and Sale of Fund Shares | 3.60% | 3.85% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 8.50% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 7.01% |
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 taxes 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 compare to those of 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 7.44% (quarter ended September 30, 2025) and the Fund’s lowest quarterly return was (4.44)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator U.S. Small Cap Power Buffer ETF™ – September | 1 Year | Since |
| Return Before Taxes | 9.10% | 7.89% |
| Return After Taxes on Distributions | 9.10% | 7.89% |
| Return After Taxes on Distributions and Sale of Fund Shares | 5.39% | 6.03% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 10.28% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 8.79% |
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 taxes 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 compare to those of 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 15.06% (quarter ended June 30, 2020) and the Fund’s lowest quarterly return was (17.89)% (quarter ended March 31, 2020).
| Average Annual Total Return as of December 31, 2025 | |||
| Innovator U.S. Small Cap Power Buffer ETF™ – October | 1 Year | 5 Years | Since |
| Return Before Taxes | 10.43% | 5.41% | 5.49% |
| Return After Taxes on Distributions | 10.43% | 5.41% | 5.44% |
| Return After Taxes on Distributions and Sale of Fund Shares | 6.17% | 4.22% | 4.29% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 6.09% | 9.59% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 4.68% | 8.12% |
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 taxes 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 compare to those of 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 8.12% (quarter ended September 30, 2025) and the Fund’s lowest quarterly return was (4.43)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator U.S. Small Cap Power Buffer ETF™ – November | 1 Year | Since |
| Return Before Taxes | 12.29% | 11.85% |
| Return After Taxes on Distributions | 12.29% | 11.85% |
| Return After Taxes on Distributions and Sale of Fund Shares | 7.27% | 9.05% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 12.59% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 11.03% |
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 taxes 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 compare to those of 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 5.51% (quarter ended June 30, 2025) and the Fund’s lowest quarterly return was (4.36)% (quarter ended March 31, 2025).
| Average Annual Total Return as of December 31, 2025 | ||
| Innovator U.S. Small Cap Power Buffer ETF™ – December | 1 Year | Since |
| Return Before Taxes | 7.17% | 2.54% |
| Return After Taxes on Distributions | 7.17% | 2.54% |
| Return After Taxes on Distributions and Sale of Fund Shares | 4.25% | 1.94% |
| Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) | 12.81% | 3.20% |
| Russell 2000 Price Return Index (reflects no deduction for fees, expenses or taxes) | 11.29% | 1.78% |
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 taxes 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.