Innovator Equity Autocallable Income Strategy ETF
  
Schedule of Investments
  
January 31, 2026 (Unaudited)
  
   
U.S. TREASURY BILLS - 105.5%
  
Par
    
Value
 
3.59%, 02/24/2026 (a)(b)
  
$
20,082,000
    
$
20,037,595
  
TOTAL U.S. TREASURY BILLS (Cost $20,036,102)
      
20,037,595
  
                 
TOTAL INVESTMENTS - 105.5% (Cost $20,036,102)
      
20,037,595
  
Money Market Deposit Account - 1.5% (c)
      
276,538
  
Liabilities in Excess of Other Assets - (7.0)%
      
(1,322,720
)
           
$
18,991,413
  
                 
Par amount is in USD unless otherwise indicated.
          
Percentages are stated as a percent of net assets.
          

(a)
The rate shown is the annualized yield as of January 31, 2026.
(b)
All or a portion of the security has been pledged as collateral for swap contracts.
(c)
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of January 31, 2026 was 3.45%.
Innovator Equity Autocallable Income Strategy ETF
  
Schedule of Interest Rate Swap Contracts
  
January 31, 2026
  
 
 
      
 
 
 
                  
Reference Entity
Long/Short
  
Fixed Rate Received
  
Floating Rate
Index - Paid
Payment
Frequency
Maturity
Date
  
Notional
Amount
    
Upfront
Premiums Paid
(Received)
    
Unrealized
Appreciation
 (Depreciation)
  
Alphabet, Inc.
 Long
    
12.25%
 SOFR
 Monthly
11/1/2028
  
$
2,000,000
    
$
72,275
    
$
7,838
  
Amazon.com, Inc.
 Long
    
11.35%
 SOFR
 Monthly
12/1/2028
    
2,000,000
      
(1,170
)
    
(886
)
Apple, Inc.
 Long
    
9.12%
 SOFR
 Monthly
10/2/2028
    
2,000,000
      
18,372
      
(16,910
)
Berkshire Hathaway, Inc.
 Long
    
5.95%
 SOFR
 Monthly
12/1/2028
    
2,000,000
      
14,524
      
(28,403
)
Broadcom, Inc.
 Long
    
18.80%
 SOFR
 Monthly
11/1/2028
    
2,000,000
      
(4,493
)
    
(60,525
)
Meta Platforms, Inc.
 Long
    
13.11%
 SOFR
 Monthly
10/2/2028
    
2,000,000
      
(13,183
)
    
86,776
  
Microsoft Corp.
 Long
    
8.56%
 SOFR
 Monthly
12/1/2028
    
2,000,000
      
900
      
(137,711
)
Nvidia Corp.
 Long
    
17.05%
 SOFR
 Monthly
12/1/2028
    
2,000,000
      
3,843
      
(3,518
)
Oracle Corp.
 Long
    
20.88%
 SOFR
 Monthly
11/1/2028
    
2,000,000
      
(30,065
)
    
(416,440
)
Tesla, Inc.
 Long
    
26.12%
 SOFR
 Monthly
10/2/2028
    
2,000,000
      
965
      
29,292
  
Total Swaps
 
        
 
 
 
          
$
61,968
    
$
(540,487
)
 
 
        
 
 
 
                        
 
 
        
 
 
 
                        
Goldman Sachs is the counterparty for the swaps in the Fund.
  
 
 
 
                        
SOFR - Secured Overnight Borrowing Rate
        
 
 
 
                        
Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
 
Innovator Equity Autocallable Income Strategy ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of January 31, 2026:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  U.S. Treasury Bills
  
$
–
    
$
20,037,595
    
$
–
    
$
20,037,595
  
Total Investments
  
$
–
    
$
20,037,595
    
$
–
    
$
20,037,595
  
   
Other Financial Instruments:
                                
  Interest Rate Swaps*
  
$
–
    
$
123,906
    
$
–
    
$
123,906
  
Total Other Financial Instruments
  
$
–
    
$
123,906
    
$
–
    
$
123,906
  
                                 
Liabilities:
                                
Other Financial Instruments:
                                
  Interest Rate Swaps*
  
$
–
    
$
(664,393
)
  
$
–
    
$
(664,393
)
Total Other Financial Instruments
  
$
–
    
$
(664,393
)
  
$
–
    
$
(664,393
)
   
* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of January 31, 2026.
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  

Allocation of Portfolio Holdings as of January 31, 2026
(% of Net Assets)
       

           
U.S. Treasury Bills
  
$
20,037,595
      
105.5
%
Money Market Deposit Account
    
276,538
      
1.5
  
Liabilities in Excess of Other Assets
    
(1,322,720
)
    
(7.0
)
   
$
18,991,413
      
100.0
%