Innovator Equity Managed 100 Buffer ETF
Schedule of Investments
July 31, 2026 (Unaudited)

COMMON STOCKS - 92.7%

Shares  

Value  
Aerospace/Defense - 2.5%

Boeing Co. (a)

            3,040

    $        657,065
General Electric Co.

            2,972

             1,070,128
HEICO Corp. - Class A

            285

             73,325
Honeywell Aerospace, Inc. (a)

            1,513

             312,797
Northrop Grumman Corp.

            785

             425,847
Rocket Lab Corp. (a)(b)

            947

             61,508
RTX Corp.

            3,735

             803,847




             3,404,517






Agriculture - 0.7%

Philip Morris International, Inc.

            5,095

             972,228






Auto Manufacturers - 1.9%

Ford Motor Co.

            34,937

             512,875
Rivian Automotive, Inc. - Class A (a)

            4,326

             65,842
Tesla, Inc. (a)

            6,753

             2,101,601




             2,680,318






Banks - 4.6%

Bank of America Corp.

            19,725

             1,221,964
Citizens Financial Group, Inc.

            6,093

             436,563
Huntington Bancshares, Inc.

            24,544

             418,230
JPMorgan Chase & Co.

            6,875

             2,418,556
Morgan Stanley

            2,441

             513,635
Northern Trust Corp.

            2,579

             469,868
Regions Financial Corp.

            13,610

             421,230
State Street Corp.

            2,891

             532,407




             6,432,453






Beverages - 0.8%

Coca-Cola Co.

            12,926

             1,132,188






Biotechnology - 1.4%

Alnylam Pharmaceuticals, Inc. (a)

            184

             37,816
Amgen, Inc.

            1,792

             690,207
Gilead Sciences, Inc.

            5,345

             695,972
Illumina, Inc. (a)

            1,987

             407,534
Royalty Pharma PLC - Class A

            1,629

             95,182




             1,926,711






Building Materials - 0.3%

Carlisle Cos., Inc.

            983

             353,801






Chemicals - 0.5%

LyondellBasell Industries NV - Class A

            6,261

             388,683
PPG Industries, Inc.

            2,987

             330,123




             718,806






Commercial Services - 0.4%

Affirm Holdings, Inc. (a)(b)

            1,162

             83,095
Moody's Corp.

            927

             443,458






             526,553






Computers - 8.4%

Apple, Inc.

            31,348

             9,683,711
Everpure, Inc. - Class A (a)

            1,545

             119,228
HP, Inc.

            11,060

             301,606
International Business Machines Corp.

            2,543

             568,742
NetApp, Inc.

            1,254

             223,839
Sandisk Corp. (a)

            422

             512,658
Zscaler, Inc. (a)

            1,844

             278,813




             11,688,597






Cosmetics/Personal Care - 0.7%

Procter & Gamble Co.

            6,972

             1,007,384






Distribution/Wholesale - 0.1%

Watsco, Inc. (b)

            460

             142,278






Diversified Financial Services - 3.5%

American Express Co.

            1,379

             463,689
Charles Schwab Corp.

            6,766

             712,054
Circle Internet Group, Inc. (a)(b)

            1,330

             83,271
Interactive Brokers Group, Inc. - Class A

            2,276

             200,265
Mastercard, Inc. - Class A

            2,275

             1,303,803
Nasdaq, Inc.

            4,169

             392,678
Tradeweb Markets, Inc. - Class A

            620

             62,310
Visa, Inc. - Class A

            4,454

             1,630,743




             4,848,813






Electric - 1.4%

Alliant Energy Corp. (b)

            2,384

             168,740
CMS Energy Corp.

            4,862

             350,015
DTE Energy Co.

            2,893

             410,430
Evergy, Inc.

            4,364

             362,256
FirstEnergy Corp.

            7,108

             343,387
PPL Corp.

            10,205

             359,318




             1,994,146






Electronics - 1.0%

Fortive Corp.

            5,587

             330,806
Honeywell International, Inc.

            1,514

             367,856
Hubbell, Inc. (b)

            515

             243,363
TE Connectivity PLC

            2,085

             428,864




             1,370,889






Engineering & Construction - 0.2%

EMCOR Group, Inc.

            412

             328,541






Entertainment - 0.2%

DraftKings, Inc. - Class A (a)

            2,530

             59,404
Flutter Entertainment PLC (a)

            1,206

             125,991
Warner Music Group Corp. - Class A

            2,477

             64,303




             249,698






Environmental Control - 0.3%

Republic Services, Inc.

            1,766

             371,831








Food - 0.4%

General Mills, Inc. (b)

            6,300

             225,225
Kraft Heinz Co.

            11,860

             306,581




             531,806






Gas - 0.2%

NiSource, Inc.

            7,053

             313,365






Healthcare-Products - 0.5%

Cooper Cos., Inc. (a)

            5,047

             364,999
Insulet Corp. (a)

            413

             68,290
Natera, Inc. (a)

            332

             88,896
STERIS PLC

            1,031

             235,480




             757,665






Healthcare-Services - 0.8%

UnitedHealth Group, Inc.

            2,613

             1,082,827






Home Builders - 0.2%

PulteGroup, Inc.

            2,369

             299,607






Household Products/Wares - 0.3%

Kimberly-Clark Corp. (b)

            3,356

             366,844






Insurance - 2.5%

American International Group, Inc.

            5,368

             421,817
Berkshire Hathaway, Inc. - Class B (a)

            3,422

             1,750,490
Hartford Insurance Group, Inc.

            2,781

             394,652
Loews Corp.

            3,502

             406,267
MetLife, Inc.

            5,372

             516,410




             3,489,636






Internet - 12.9%

Alphabet, Inc. - Class A

            12,672

             4,512,879
Alphabet, Inc. - Class C

            10,661

             3,802,246
Amazon.com, Inc. (a)

            21,310

             5,787,370
Coupang, Inc. (a)

            6,416

             104,901
Meta Platforms, Inc. - Class A

            4,779

             2,660,517
Netflix, Inc. (a)

            8,789

             630,259
Reddit, Inc. - Class A (a)

            495

             69,632
Spotify Technology SA (a)

            552

             275,967




             17,843,771






Iron/Steel - 0.2%

Reliance, Inc.

            722

             293,204






Leisure Time - 0.1%

Viking Holdings Ltd. (a)

            1,065

             111,133






Lodging - 0.7%

Hilton Worldwide Holdings, Inc.

            1,467

             470,159
Marriott International, Inc. - Class A

            1,430

             533,147




             1,003,306






Machinery-Construction & Mining - 1.8%



Bloom Energy Corp. - Class A (a)

            968

             199,224
Caterpillar, Inc. (b)

            1,412

             1,150,512
GE Vernova, Inc.

            729

             721,921
Vertiv Holdings Co. - Class A

            1,545

             373,226




             2,444,883






Machinery-Diversified - 0.6%

Dover Corp.

            1,557

             318,594
Westinghouse Air Brake Technologies Corp.

            1,591

             462,758




             781,352






Media - 0.5%

EchoStar Corp. - Class A (a)(b)

            676

             56,845
Walt Disney Co.

            6,778

             651,976




             708,821






Mining - 0.5%

Anglogold Ashanti PLC

            2,141

             169,824
Southern Copper Corp.

            2,510

             458,681




             628,505






Miscellaneous Manufacturing - 0.4%

Fabrinet (a)

            154

             67,053
Illinois Tool Works, Inc.

            1,784

             511,919




             578,972






Oil & Gas - 2.7%

Chevron Corp.

            3,856

             758,976
Devon Energy Corp.

            8,730

             393,985
ExxonMobil Holdings Corp.

            10,639

             1,653,726
Occidental Petroleum Corp.

            7,022

             400,746
Valero Energy Corp.

            1,752

             548,201




             3,755,634






Oil & Gas Services - 0.2%

Halliburton Co.

            10,632

             342,882






Packaging & Containers - 0.2%

Packaging Corp. of America

            1,133

             278,537






Pharmaceuticals - 5.4%

AbbVie, Inc.

            5,215

             1,308,652
Becton Dickinson & Co.

            2,372

             392,851
Cencora, Inc.

            1,339

             416,884
Eli Lilly & Co.

            1,924

             2,210,368
Johnson & Johnson

            6,331

             1,622,952
McKesson Corp.

            515

             440,938
Merck & Co., Inc.

            8,172

             1,063,994




             7,456,639






Pipelines - 0.3%

Cheniere Energy, Inc.

            1,187

             312,857
Venture Global, Inc. - Class A

            7,039

             94,182




             407,039






Private Equity - 0.5%



Blackstone, Inc.

            4,457

             569,382
Carlyle Group, Inc.

            1,252

             57,617




             626,999






Retail - 4.0%

Costco Wholesale Corp.

            1,245

             1,185,103
Ferguson Enterprises, Inc. (b)

            1,349

             316,111
Home Depot, Inc.

            3,037

             1,008,163
Lowe's Cos., Inc.

            2,504

             520,356
McDonald's Corp.

            2,593

             701,770
Ross Stores, Inc.

            2,096

             526,243
Walmart, Inc.

            11,602

             1,290,142




             5,547,888






Semiconductors - 16.3%

Advanced Micro Devices, Inc. (a)

            3,960

             1,885,554
Applied Materials, Inc.

            656

             333,032
Astera Labs, Inc. (a)

            436

             135,696
Broadcom, Inc.

            10,336

             4,023,598
Credo Technology Group Holding Ltd. (a)

            724

             149,861
Entegris, Inc.

            2,962

             352,626
GLOBALFOUNDRIES, Inc.

            1,159

             57,938
Intel Corp. (a)

            12,449

             1,122,900
KLA Corp.

            5,192

             949,201
Lam Research Corp.

            937

             274,560
Marvell Technology, Inc.

            2,955

             554,240
Micron Technology, Inc.

            2,830

             2,329,175
NVIDIA Corp.

            50,146

             10,066,810
Teradyne, Inc.

            1,134

             416,960




             22,652,151






Software - 8.9%

Adobe, Inc. (a)

            2,036

             509,835
Atlassian Corp. - Class A (a)

            761

             76,872
Autodesk, Inc. (a)

            1,685

             394,627
Cloudflare, Inc. - Class A (a)

            559

             155,950
CoreWeave, Inc. - Class A (a)

            735

             52,751
Datadog, Inc. - Class A (a)

            2,051

             549,606
Fiserv, Inc. (a)

            4,252

             229,353
Microsoft Corp.

            15,433

             7,172,024
MongoDB, Inc. (a)

            232

             78,295
Oracle Corp.

            3,102

             402,857
Palantir Technologies, Inc. - Class A (a)

            4,168

             512,914
Paychex, Inc.

            3,866

             451,703
ROBLOX Corp. - Class A (a)

            8,376

             298,186
Samsara, Inc. - Class A (a)

            2,936

             109,425
Snowflake, Inc. (a)

            507

             148,693
SS&C Technologies Holdings, Inc.

            1,696

             130,677
Strategy, Inc. - Class A (a)

            875

             81,620
Synopsys, Inc. (a)

            1,115

             433,467
Workday, Inc. - Class A (a)

            2,581

             413,838
Zoom Communications, Inc. - Class A (a)

            746

             71,668




             12,274,361






Telecommunications - 2.0%

Arista Networks, Inc. (a)

            3,514

             633,750
AT&T, Inc.

            26,801

             623,123
Cisco Systems, Inc.

            12,780

             1,482,352






             2,739,225






Transportation - 0.7%

CSX Corp.

            13,200

             665,280
Expeditors International of Washington, Inc.

            1,839

             308,750




             974,030
TOTAL COMMON STOCKS (Cost $114,959,310)

             128,440,834






PURCHASED OPTIONS - 4.2% (a)
Notional Amount  

Contracts  

Value  
Put Options - 4.2%




S&P 500 Index (c)(d)(e)




Expiration: 09/30/2026; Exercise Price: $7,340.00
             32,205,796

            43

             466,335
Expiration: 12/31/2026; Exercise Price: $7,570.00
             32,954,768

            44

             1,224,960
Expiration: 03/31/2027; Exercise Price: $7,200.00
             32,954,768

            44

             1,086,580
Expiration: 06/30/2027; Exercise Price: $8,250.00
             32,954,768

            44

             3,098,480
TOTAL PURCHASED OPTIONS (Cost $11,170,887)

             5,876,355






REAL ESTATE INVESTMENT TRUSTS - 1.4%

Shares  

Value  
REITS - 1.4%

Invitation Homes, Inc.

            8,359

             248,430
Mid-America Apartment Communities, Inc.

            2,511

             332,306
Realty Income Corp.

            7,643

             488,158
SBA Communications Corp.

            1,474

             266,765
Sun Communities, Inc.

            2,032

             250,911
VICI Properties, Inc.

            13,121

             345,738
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,983,571)

             1,932,308






RIGHTS - 0.0% (f)

Shares  

Value  
Diversified Financial Services - 0.0% (f)

TPG, Inc., Expires 04/08/2027, Exercise Price $3.00 (a)

            1,577

             16
TOTAL RIGHTS (Cost $0)

             16






SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.7%
Units  

Value  
Mount Vernon Liquid Assets Portfolio, LLC, 3.79% (g)

            2,300,249

             2,300,249
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $2,300,249)

             2,300,249






TOTAL INVESTMENTS - 100.0% (Cost $130,414,017)

             138,549,762
Money Market Deposit Account - 2.0% (h)

             2,713,259
Liabilities in Excess of Other Assets - (2.0)%
(0.01935)
            (2,681,597)
TOTAL NET ASSETS - 100.0%




    $        138,581,424


Percentages are stated as a percent of net assets.




REIT - Real Estate Investment Trust







(a)

Non-income producing security.
(b)

All or a portion of this security is on loan as of July 31, 2026. The fair value of these securities was $2,250,168.
(c)

Exchange-traded.
(d)

100 shares per contract.
(e)

Held in connection with written option contracts. See Schedule of Written Options for further information.
(f)

Represents less than 0.05% of net assets.
(g)

The rate shown represents the 7-day annualized yield as of July 31, 2026.
(h)

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 July 31, 2026 was 3.45%.



Innovator Equity Managed 100 Buffer ETF
Schedule of Written Options
July 31, 2026 (Unaudited)

WRITTEN OPTIONS - (0.2)%
Notional Amount

Contracts

Value
Call Options - (0.2)%
S&P 500 Index (a)(b)





Expiration: 08/03/2026; Exercise Price: $7,615.00
    $        (43,440,376)

(58)

    $        (435)
Expiration: 08/07/2026; Exercise Price: $7,570.00
             (44,189,348)

(59)

             (87,320)
Expiration: 08/12/2026; Exercise Price: $7,540.00
             (43,440,376)

(58)

             (253,170)
TOTAL WRITTEN OPTIONS (Premiums received $343,969)




    $        (340,925)

Percentages are stated as a percent of net assets.




(a)

Exchange-traded.
(b)

100 shares per contract.























Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)

Innovator Equity Managed 100 Buffer ETF 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 July 31, 2026:



Level 1

Level 2

Level 3

Total
Assets:







Investments:







  Common Stocks
    $        128,440,834

    $        –

    $        –

    $        128,440,834
  Purchased Options
            5,876,355

            –

            –

            5,876,355
  Real Estate Investment Trusts
            1,932,308

            –

            –

            1,932,308
  Rights
            –

            –

            16

            16
  Investments Purchased with Proceeds from Securities Lending (a)
            –

            –

            –

            2,300,249
Total Investments
    $        136,249,497

    $        –

    $        16

    $        138,549,762








Liabilities:







Investments:







  Written Options
    $        (340,925)

    $        –

    $        –

    $        (340,925)
Total Investments
    $        (340,925)

    $        –

    $        –

    $        (340,925)






 

Refer to the Schedule of Investments for further disaggregation of investment categories.
(a)

Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount presented in the table is intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.





Allocation of Portfolio Holdings as of July 31, 2026

(% of Net Assets)


Common Stocks
    $        128,440,834

        92.7%
Purchased Options
             5,876,355

        4.2 
Real Estate Investment Trusts
             1,932,308

        1.4 
Rights
             16

        0.0 (a)
Written Options
             (340,925)

        (0.2 )
Money Market Deposit Account
             2,713,259

        2.0 
Investments Purchased with Proceeds from Securities Lending
             2,300,249

        1.7 
Liabilities in Excess of Other Assets
             (2,340,672)

        (1.8)

    $        138,581,424

        100.0%




(a)

Represents less than 0.05% of net assets.



Fair Value Measurement Using Significant Unobservable Inputs

Level 3
Beginning balance as of October 31, 2025

    $        0
Ending balance as of July 31, 2026

    $        16


$0
Change in unrealized appreciation/depreciation still held as of July 31, 2026

    $        16