Innovator U.S. Equity Ultra Buffer ETF - June
Schedule of Investments
July 31, 2026 (Unaudited)

EXCHANGE TRADED FUNDS - 97.5%

Shares  

Value  
Vanguard S&P 500 ETF (a)(b)(c)

            262,926

    $        180,538,138
TOTAL EXCHANGE TRADED FUNDS (Cost $181,415,095)

             180,538,138






PURCHASED OPTIONS - 4.0% (d)
Notional Amount  

Contracts  

Value  
Call Options - 0.1%




Vanguard S&P 500 ETF, Expiration: 05/28/2027; Exercise Price: $723.30 (b)(e)(f)
$             3,707,910

            54

             175,008






Put Options - 3.9%




Vanguard S&P 500 ETF, Expiration: 05/28/2027; Exercise Price: $660.72 (b)(e)(f)
            184,228,195

            2,683

             7,124,519
TOTAL PURCHASED OPTIONS (Cost $8,416,877)

             7,299,527






TOTAL INVESTMENTS - 101.5% (Cost $189,831,972)

             187,837,665
Money Market Deposit Account - 0.6% (g)

             1,096,348
Liabilities in Excess of Other Assets - (2.1)%
(0.02067)
            (3,826,965)
TOTAL NET ASSETS - 100.0%




    $        185,107,048


Percentages are stated as a percent of net assets.


(a)

Fair value of this security exceeds 25% of the Fund’s net assets.  Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.
(b)

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

All or a portion of the security has been pledged as collateral for written options.
(d)

Non-income producing security.
(e)

Exchange-traded.
(f)

100 shares per contract.
(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 U.S. Equity Ultra Buffer ETF - June
Schedule of Written Options
July 31, 2026 (Unaudited)

WRITTEN OPTIONS - (2.0)%
Notional Amount

Contracts

Value
Call Options - (1.2)%
Vanguard S&P 500 ETF, Expiration: 05/28/2027; Exercise Price: $793.00 (a)(b)
    $        (184,228,195)

(2,683)

    $        (2,162,015)






Put Options - (0.8)%
Vanguard S&P 500 ETF (a)(b)





Expiration: 05/28/2027; Exercise Price: $452.07
             (184,228,195)

(2,683)

             (1,296,533)
Expiration: 05/28/2027; Exercise Price: $723.30
             (3,707,910)

(54)

             (255,249)
Total Put Options




            (1,551,782)
TOTAL WRITTEN OPTIONS (Premiums received $5,671,429)




    $        (3,713,797)

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 U.S. Equity Ultra Buffer ETF - June 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:







  Exchange Traded Funds
    $        180,538,138

    $        –

    $        –

    $        180,538,138
  Purchased Options
            –

            7,299,527

            –

            7,299,527
Total Investments
    $        180,538,138

    $        7,299,527

    $        –

    $        187,837,665








Liabilities:







Investments:







  Written Options
    $        –

    $        (3,713,797)

    $        –

    $        (3,713,797)
Total Investments
    $        –

    $        (3,713,797)

    $        –

    $        (3,713,797)





 

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



Allocation of Portfolio Holdings as of July 31, 2026

(% of Net Assets)


Exchange Traded Funds
    $        180,538,138

        97.5%
Purchased Options
             7,299,527

        4.0 
Written Options
             (3,713,797)

        (2.0 )
Money Market Deposit Account
             1,096,348

        0.6 
Liabilities in Excess of Other Assets
             (113,168)

        (0.1)

    $        185,107,048

        100.0%