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

COMMON STOCKS - 96.5%

Shares  

Value  
Aerospace/Defense - 2.2%

FTAI Aviation Ltd.

            5,533

    $        1,139,798
General Electric Co.

            53,666

             19,323,517
HEICO Corp.

            11,405

             4,064,286
HEICO Corp. - Class A

            8,072

             2,076,764
Lockheed Martin Corp.

            17,015

             9,915,321
Rocket Lab Corp. (a)

            33,170

             2,154,391
TransDigm Group, Inc.

            5,531

             6,937,976




             45,612,053






Airlines - 0.1%

Southwest Airlines Co.

            70,817

             3,184,640






Apparel - 0.1%

Deckers Outdoor Corp. (a)

            28,869

             2,796,829






Auto Manufacturers - 2.0%

Ford Motor Co.

            469,846

             6,897,339
General Motors Co.

            74,506

             6,620,603
Tesla, Inc. (a)

            94,523

             29,416,503




             42,934,445






Banks - 4.2%

Bank of America Corp.

            306,434

             18,983,587
Citizens Financial Group, Inc.

            117,218

             8,398,670
First Citizens BancShares, Inc. - Class A

            325

             710,661
Huntington Bancshares, Inc.

            345,930

             5,894,647
JPMorgan Chase & Co.

            108,276

             38,090,414
Morgan Stanley

            40,217

             8,462,461
Regions Financial Corp.

            250,620

             7,756,689




             88,297,129






Beverages - 1.4%

Coca-Cola Co.

            224,689

             19,680,509
Constellation Brands, Inc. - Class A

            21,457

             2,794,345
Keurig Dr Pepper, Inc.

            217,130

             6,757,086




             29,231,940






Biotechnology - 1.3%

Alnylam Pharmaceuticals, Inc. (a)

            4,443

             913,125
Amgen, Inc.

            32,191

             12,398,686
Illumina, Inc. (a)

            40,406

             8,287,271
Royalty Pharma PLC - Class A

            87,361

             5,104,503




             26,703,585






Building Materials - 0.7%

Amrize Ltd. (b)

            21,774

             1,064,967
Carlisle Cos., Inc.

            14,473

             5,209,122
Trane Technologies PLC

            17,976

             8,178,181




             14,452,270






Chemicals - 1.0%



Dow, Inc.

            170,801

             5,173,562
Linde PLC

            23,708

             11,341,433
PPG Industries, Inc.

            52,163

             5,765,055




             22,280,050






Commercial Services - 0.3%

Affirm Holdings, Inc. (a)(b)

            12,869

             920,262
Toast, Inc. - Class A (a)

            13,451

             434,064
United Rentals, Inc.

            4,064

             4,386,113




             5,740,439






Computers - 10.6%

Apple, Inc.

            482,601

             149,080,275
Crowdstrike Holdings, Inc. - Class A (a)

            77,688

             14,827,532
Dell Technologies, Inc. - Class C

            30,732

             12,457,831
Everpure, Inc. - Class A (a)

            70

             5,402
Fortinet, Inc. (a)

            82,447

             13,352,292
HP, Inc.

            289,893

             7,905,382
International Business Machines Corp.

            36,954

             8,264,762
Leidos Holdings, Inc.

            50,208

             5,804,045
Sandisk Corp. (a)

            6,739

             8,186,739
Super Micro Computer, Inc. (a)(b)

            67,988

             1,930,859
Zscaler, Inc. (a)

            19,213

             2,905,005




             224,720,124






Cosmetics/Personal Care - 0.7%

Procter & Gamble Co.

            107,313

             15,505,655






Distribution/Wholesale - 0.1%

Watsco, Inc. (b)

            10,349

             3,200,946






Diversified Financial Services - 4.2%

American Express Co.

            24,382

             8,198,447
Blackrock, Inc.

            6,024

             6,568,509
Circle Internet Group, Inc. (a)(b)

            11,432

             715,758
CME Group, Inc.

            27,779

             7,438,938
Interactive Brokers Group, Inc. - Class A

            62,316

             5,483,185
LPL Financial Holdings, Inc. (b)

            2,638

             933,061
Mastercard, Inc. - Class A

            35,031

             20,076,266
Nasdaq, Inc.

            69,950

             6,588,591
Rocket Cos., Inc. - Class A (a)(b)

            96,326

             1,242,605
SoFi Technologies, Inc. (a)(b)

            43,248

             705,375
T Rowe Price Group, Inc.

            25,448

             2,843,814
TPG, Inc.

            16,565

             723,228
Tradeweb Markets, Inc. - Class A

            12,066

             1,212,633
Visa, Inc. - Class A

            70,026

             25,638,619




             88,369,029






Electric - 2.3%

Alliant Energy Corp. (b)

            60,727

             4,298,257
Ameren Corp.

            27,680

             3,034,005
CenterPoint Energy, Inc. (b)

            129,897

             5,460,870
CMS Energy Corp.

            65,142

             4,689,573
Consolidated Edison, Inc.

            43,702

             4,756,963
DTE Energy Co.

            37,537

             5,325,374
Entergy Corp.

            56,713

             6,103,453
Evergy, Inc.

            44,206

             3,669,540
Eversource Energy

            81,229

             5,815,184


PPL Corp.

            130,996

             4,612,369




             47,765,588






Electrical Components & Equipment - 0.3%

AMETEK, Inc.

            24,288

             5,870,652






Electronics - 0.3%

TE Connectivity PLC

            32,787

             6,743,958






Engineering & Construction - 0.1%

MasTec, Inc. (a)

            5,248

             1,380,749






Entertainment - 0.5%

DraftKings, Inc. - Class A (a)

            31,514

             739,949
Flutter Entertainment PLC (a)

            57,830

             6,041,500
Live Nation Entertainment, Inc. (a)(b)

            23,306

             4,058,274




             10,839,723






Environmental Control - 0.6%

Republic Services, Inc.

            27,990

             5,893,295
Waste Management, Inc.

            33,368

             7,559,520




             13,452,815






Food - 0.5%

General Mills, Inc. (b)

            161,546

             5,775,269
Hershey Co.

            26,238

             4,592,962




             10,368,231






Healthcare-Products - 1.9%

Boston Scientific Corp. (a)

            155,383

             7,261,047
GE HealthCare Technologies, Inc.

            68,572

             4,664,267
Intuitive Surgical, Inc. (a)

            19,936

             7,043,987
Medline, Inc. - Class A (a)

            23,863

             937,339
Natera, Inc. (a)

            4,758

             1,274,002
Thermo Fisher Scientific, Inc.

            15,752

             9,046,374
West Pharmaceutical Services, Inc.

            20,504

             6,991,044
Zimmer Biomet Holdings, Inc.

            39,789

             3,737,381




             40,955,441






Healthcare-Services - 1.0%

HCA Healthcare, Inc.

            14,030

             5,648,338
UnitedHealth Group, Inc.

            36,941

             15,308,350




             20,956,688






Insurance - 2.9%

Berkshire Hathaway, Inc. - Class B (a)

            54,527

             27,892,742
Hartford Insurance Group, Inc.

            53,129

             7,539,536
Loews Corp.

            50,455

             5,853,284
Markel Group, Inc. (a)

            2,208

             4,156,207
Principal Financial Group, Inc.

            43,061

             4,896,036
Prudential Financial, Inc.

            49,946

             6,097,408
W R Berkley Corp.

            67,450

             4,892,823




             61,328,036






Internet - 13.3%

Alphabet, Inc. - Class A

            194,306

             69,198,196


Alphabet, Inc. - Class C

            168,039

             59,931,109
Amazon.com, Inc. (a)

            326,994

             88,805,030
Coupang, Inc. (a)

            32,579

             532,667
Expedia Group, Inc.

            13,367

             3,939,790
MercadoLibre, Inc. (a)

            1,200

             2,253,540
Meta Platforms, Inc. - Class A

            67,573

             37,618,565
Netflix, Inc. (a)

            204,733

             14,681,403
Reddit, Inc. - Class A (a)

            11,263

             1,584,366
Spotify Technology SA (a)

            5,265

             2,632,184




             281,176,850






Iron/Steel - 0.3%

Nucor Corp.

            17,880

             4,600,345
Reliance, Inc.

            5,789

             2,350,913




             6,951,258






Leisure Time - 0.2%

Viking Holdings Ltd. (a)

            32,753

             3,417,776






Machinery-Construction & Mining - 1.7%

Bloom Energy Corp. - Class A (a)

            12,787

             2,631,692
Caterpillar, Inc. (b)

            22,542

             18,367,447
GE Vernova, Inc.

            13,603

             13,470,915
Vertiv Holdings Co. - Class A

            10,402

             2,512,811




             36,982,865






Machinery-Diversified - 0.6%

Dover Corp.

            30,120

             6,163,154
Westinghouse Air Brake Technologies Corp.

            25,529

             7,425,365




             13,588,519






Media - 0.5%

Walt Disney Co.

            104,393

             10,041,563






Mining - 0.5%

Anglogold Ashanti PLC

            23,569

             1,869,493
Freeport-McMoRan, Inc.

            109,625

             6,865,814
Southern Copper Corp.

            10,693

             1,953,718




             10,689,025






Miscellaneous Manufacturing - 0.4%

3M Co.

            48,292

             8,512,914






Oil & Gas - 2.4%

Chevron Corp.

            85,596

             16,847,861
ConocoPhillips

            79,536

             9,582,497
ExxonMobil Holdings Corp.

            152,806

             23,752,165




             50,182,523






Oil & Gas Services - 0.3%

Halliburton Co.

            171,305

             5,524,586






Pharmaceuticals - 5.0%

AbbVie, Inc.

            80,264

             20,141,448
Cencora, Inc.

            19,054

             5,932,272
Eli Lilly & Co.

            31,335

             35,998,901


Johnson & Johnson

            110,647

             28,364,359
Merck & Co., Inc.

            126,259

             16,438,922




             106,875,902






Pipelines - 0.7%

Cheniere Energy, Inc.

            13,863

             3,653,871
Kinder Morgan, Inc.

            271,600

             8,740,088
Venture Global, Inc. - Class A

            190,046

             2,542,815




             14,936,774






Private Equity - 0.1%

Carlyle Group, Inc.

            56,993

             2,622,818






Retail - 4.3%

Costco Wholesale Corp.

            19,208

             18,283,903
Darden Restaurants, Inc.

            26,912

             5,478,745
Ferguson Enterprises, Inc.

            10,258

             2,403,757
Home Depot, Inc.

            46,867

             15,557,969
Lowe's Cos., Inc.

            37,550

             7,803,266
McDonald's Corp.

            46,386

             12,553,907
Ross Stores, Inc.

            32,016

             8,038,257
Walmart, Inc.

            181,400

             20,171,680




             90,291,484






Semiconductors - 16.4%

Advanced Micro Devices, Inc. (a)

            65,664

             31,265,914
Applied Materials, Inc.

            10,114

             5,134,574
Astera Labs, Inc. (a)

            3,395

             1,056,626
Broadcom, Inc.

            161,315

             62,796,703
Credo Technology Group Holding Ltd. (a)

            2,930

             606,481
Entegris, Inc.

            45,462

             5,412,251
GLOBALFOUNDRIES, Inc.

            7,915

             395,671
Intel Corp. (a)

            196,049

             17,683,620
KLA Corp.

            8,686

             1,587,975
Lam Research Corp.

            65,588

             19,218,596
Marvell Technology, Inc.

            51,983

             9,749,931
Micron Technology, Inc.

            44,635

             36,735,944
NVIDIA Corp.

            775,222

             155,625,816




             347,270,102






Software - 7.9%

Atlassian Corp. - Class A (a)

            7,430

             750,541
Cloudflare, Inc. - Class A (a)

            10,686

             2,981,180
CoreWeave, Inc. - Class A (a)

            3,351

             240,501
Fair Isaac Corp. (a)

            2,545

             2,857,959
Fiserv, Inc. (a)

            124,879

             6,735,973
Intuit, Inc.

            28,738

             9,083,220
Microsoft Corp.

            225,786

             104,927,270
MongoDB, Inc. (a)

            8,248

             2,783,535
Oracle Corp.

            47,527

             6,172,332
Palantir Technologies, Inc. - Class A (a)

            66,458

             8,178,322
ROBLOX Corp. - Class A (a)

            33,045

             1,176,402
Samsara, Inc. - Class A (a)

            18,186

             677,792
Snowflake, Inc. (a)

            10,818

             3,172,703
SS&C Technologies Holdings, Inc.

            22,763

             1,753,889
Strategy, Inc. - Class A (a)(b)

            44,476

             4,148,721
Synopsys, Inc. (a)

            17,358

             6,748,096
Zoom Communications, Inc. - Class A (a)

            46,955

             4,510,967






             166,899,403






Telecommunications - 1.7%

AT&T, Inc.

            414,627

             9,640,078
Ciena Corp. (a)

            4,864

             1,833,971
Cisco Systems, Inc.

            210,293

             24,391,885
Ubiquiti, Inc. (b)

            1,171

             651,685




             36,517,619






Transportation - 0.9%

Expeditors International of Washington, Inc.

            21,051

             3,534,253
Old Dominion Freight Line, Inc.

            31,021

             6,580,795
United Parcel Service, Inc. - Class B

            73,988

             7,711,029
XPO, Inc. (a)(b)

            3,400

             683,298




             18,509,375
TOTAL COMMON STOCKS (Cost $1,685,161,899)

             2,043,682,371






REAL ESTATE INVESTMENT TRUSTS - 1.5%

Shares  

Value  
REITS - 1.5%

Essex Property Trust, Inc.

            20,473

             5,817,198
Invitation Homes, Inc.

            88,500

             2,630,220
Mid-America Apartment Communities, Inc.

            39,200

             5,187,728
Public Storage

            23,584

             7,645,225
SBA Communications Corp.

            23,748

             4,297,913
Sun Communities, Inc.

            42,195

             5,210,239
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $30,109,107)

             30,788,523






PURCHASED OPTIONS - 1.2% (a)
Notional Amount  

Contracts  

Value  
Put Options - 1.2%




State Street SPDR S&P 500 ETF Trust (c)(d)(e)




Expiration: 09/30/2026; Exercise Price: $598.00
             520,306,395

            6,965

             839,283
Expiration: 12/31/2026; Exercise Price: $615.00
             520,306,395

            6,965

             4,043,182
Expiration: 03/31/2027; Exercise Price: $584.00
             520,306,395

            6,965

             5,314,295
Expiration: 06/30/2027; Exercise Price: $672.00
             520,306,395

            6,965

             15,410,062
TOTAL PURCHASED OPTIONS (Cost $58,325,049)

             25,606,822






SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.5%
Units  

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

            32,670,662

             32,670,662
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $32,670,662)

             32,670,662






TOTAL INVESTMENTS - 100.7% (Cost $1,806,266,717)

             2,132,748,378
Money Market Deposit Account - 1.1% (g)

             23,622,164
Liabilities in Excess of Other Assets - (1.8)%
(0.01830)
            (38,762,339)
TOTAL NET ASSETS - 100.0%




    $        2,117,608,203


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 $31,851,203.
(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)

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

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 Floor ETF
Schedule of Written Options
July 31, 2026 (Unaudited)

WRITTEN OPTIONS - (0.3)%
Notional Amount

Contracts

Value
Call Options - (0.3)%
S&P 500 Index (a)(b)





Expiration: 08/03/2026; Exercise Price: $7,615.00
    $        (693,548,072)

(926)

    $        (6,945)
Expiration: 08/07/2026; Exercise Price: $7,570.00
             (693,548,072)

(926)

             (1,370,480)
Expiration: 08/12/2026; Exercise Price: $7,540.00
             (692,799,100)

(925)

             (4,037,625)
TOTAL WRITTEN OPTIONS (Premiums received $5,476,423)




    $        (5,415,050)

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 Floor 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
    $        2,043,682,371

    $        –

    $        –

    $        2,043,682,371
  Real Estate Investment Trusts
            30,788,523

            –

            –

            30,788,523
  Purchased Options
            25,606,822

            –

            –

            25,606,822
  Investments Purchased with Proceeds from Securities Lending (a)
            –

            –

            –

            32,670,662
Total Investments
    $        2,100,077,716

    $        –

    $        –

    $        2,132,748,378








Liabilities:







Investments:







  Written Options
    $        (5,415,050)

    $        –

    $        –

    $        (5,415,050)
Total Investments
    $        (5,415,050)

    $        –

    $        –

    $        (5,415,050)






 

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
    $        2,043,682,371

        96.5%
Real Estate Investment Trusts
             30,788,523

        1.5 
Purchased Options
             25,606,822

        1.2 
Written Options
             (5,415,050)

        (0.3 )
Investments Purchased with Proceeds from Securities Lending
             32,670,662

        1.5 
Money Market Deposit Account
             23,622,164

        1.1 
Liabilities in Excess of Other Assets
             (33,347,289)

        (1.5)

    $        2,117,608,203

        100.0%