Definitive Materials Filed by Investment Companies. (497)

Filed Pursuant to Rule 497(e)

1933 Act File No. 333-201473

1940 Act File No. 811-22926

Innovator ETFs Trust II

Innovator Lunt Low Vol/High Beta Tactical ETF

(the “Fund”)

May 28, 2020

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EXPLANATORY NOTE    

On behalf of the Fund, a series of Innovator ETFs Trust II (the “Trust”), and pursuant to Rule 497(e) under the Securities Act of 1933, as amended (the “Securities Act”), the purpose of this filing is to submit an interactive data file in the manner provided by Rule 405 of Regulation S-T and General Instruction C.3.(g) of Form N‑1A. The interactive data file included as an exhibit to this filing relates to the Supplement filed with the Securities and Exchange Commission on behalf of the Trust and pursuant to Rule 497(e) under the Securities Act on May 18, 2020; such form of Supplement (Accession Number 0001437749-20-011064) is incorporated by reference into this Rule 497 Document.

EXHIBIT LIST

Exhibit	Exhibit No.
Instance Document	EX-101.INS
Schema Document	EX-101.SCH
Calculation Linkbase Document	EX-101.CAL
Definition Linkbase Document	EX-101.DEF
Label Linkbase Document	EX-101.LAB
Presentation Linkbase Document	EX-101.PRE