Innovator Laddered Allocation Buffer ETF
Schedule of Investments
July 31, 2026 (Unaudited)

AFFILIATED EXCHANGE TRADED FUNDS - 99.9%

Shares  

Value  
Innovator U.S. Equity Buffer ETF - August (a)(b)

            495,516

    $        26,866,878
Innovator U.S. Equity Buffer ETF - February (a)(b)(c)

            507,103

             26,858,761
Innovator U.S. Equity Buffer ETF - January (a)(b)

            452,524

             26,832,411
Innovator U.S. Equity Buffer ETF - July (a)(b)(c)

            486,892

             26,545,011
Innovator U.S. Equity Buffer ETF - June (a)(b)

            524,986

             25,598,317
Innovator U.S. Equity Buffer ETF - March (a)(b)(c)

            460,804

             26,729,305
Innovator U.S. Equity Buffer ETF - May (a)(b)

            545,390

             25,987,833
Innovator U.S. Equity Buffer ETF - November (a)(b)

            561,749

             26,986,422
Innovator U.S. Equity Buffer ETF - October (a)(b)

            504,056

             26,934,232
Innovator U.S. Equity Buffer ETF - September (a)(b)

            503,395

             26,840,015
Innovator U.S. Equity Buffer ETF - April (a)(b)

            494,064

             26,528,272
Innovator U.S. Equity Buffer ETF - December (a)(b)

            503,647

             26,956,950
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $265,614,136)

             319,664,407






SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.7%
Units  

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

            2,282,725

             2,282,725
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $2,282,725)

             2,282,725






TOTAL INVESTMENTS - 100.6% (Cost $267,896,861)

             321,947,132
Money Market Deposit Account - 0.1% (e)

             303,339
Liabilities in Excess of Other Assets - (0.7)%
(0.00721)
            (2,306,522)
TOTAL NET ASSETS - 100.0%




    $        319,943,949


Percentages are stated as a percent of net assets.



(a)

Non-income producing security.
(b)

Affiliated security as defined by the Investment Company Act of 1940.
(c)

All or a portion of this security is on loan as of July 31, 2026. The fair value of these securities was $2,245,259.
(d)

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

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%.

























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

Innovator Laddered Allocation 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
Investments:







  Affiliated Exchange Traded Funds
    $        319,664,407

    $        –

    $        –

    $        319,664,407
  Investments Purchased with Proceeds from Securities Lending (a)
            –

            –

            –

            2,282,725
Total Investments
    $        319,664,407

    $        –

    $        –

    $        321,947,132




 

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)


Affiliated Exchange Traded Funds
    $        319,664,407

        99.9%
Investments Purchased with Proceeds from Securities Lending
             2,282,725

        0.7 
Money Market Deposit Account
             303,339

        0.1 
Liabilities in Excess of Other Assets
             (2,306,522)

        (0.7)

    $        319,943,949

        100.0%















Innovator Laddered Allocation Buffer ETF - Transactions with Affiliates




Value as of October 31, 2025

Additions

Reductions

Realized Gain (Loss)

Net Change in Unrealized Appreciation (Depreciation)

Value as of July 31, 2026

Shares as of July 31, 2026

Dividend / Interest Income

Capital Gain Distributions from Underlying Funds
Innovator U.S. Equity Buffer ETF - August

    $        19,468,211

    $        7,955,379

    $        (2,647,940)

    $        862,651

    $        1,228,577

    $        26,866,878

            495,516

    $        –

    $        –
Innovator U.S. Equity Buffer ETF - February

             19,488,164

             7,874,794

             (2,768,311)

             787,608

             1,476,506

             26,858,761

            507,103

             –

             –
Innovator U.S. Equity Buffer ETF - January

             19,467,862

             7,862,672

             (2,732,630)

             818,747

             1,415,760

             26,832,411

            452,524

             –

             –
Innovator U.S. Equity Buffer ETF - July

             19,454,533

             7,856,166

             (2,648,637)

             812,897

             1,070,052

             26,545,011

            486,892

             –

             –
Innovator U.S. Equity Buffer ETF - June

             19,354,115

             7,724,620

             (2,647,415)

             713,286

             453,711

             25,598,317

            524,986

             –

             –
Innovator U.S. Equity Buffer ETF - March

             19,397,792

             7,840,049

             (2,874,404)

             797,224

             1,568,644

             26,729,305

            460,804

             –

             –
Innovator U.S. Equity Buffer ETF - May

             19,283,405

             7,727,115

             (2,673,786)

             730,824

             920,275

             25,987,833

            545,390

             –

             –
Innovator U.S. Equity Buffer ETF - November

             19,438,002

             8,235,280

             (2,648,669)

             633,574

             1,328,235

             26,986,422

            561,749

             –

             –
Innovator U.S. Equity Buffer ETF - October

             19,469,720

             8,077,528

             (2,652,041)

             689,902

             1,349,123

             26,934,232

            504,056

             –

             –
Innovator U.S. Equity Buffer ETF - September

             19,434,158

             7,983,694

             (2,647,056)

             795,815

             1,273,404

             26,840,015

            503,395

             –

             –
Innovator U.S. Equity Buffer ETF April

             19,279,879

             7,819,633

             (3,384,944)

             675,200

             2,138,504

             26,528,272

            494,064

             –

             –
Innovator U.S. Equity Buffer ETF -December

             19,657,217

            7,880,384

             (2,681,204)

             715,111

             1,385,442

             26,956,950

            503,647

             –

             –


    $        233,193,058

    $        94,837,314

    $    (33,007,037)

    $        9,032,839

    $        15,608,233

    $    319,664,407

            6,040,126

    $        –

    $        –