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Innovator ETFs Trust – ‘N-Q/A’ for 1/31/20

On:  Tuesday, 6/23/20, at 4:56pm ET   ·   Effective:  6/23/20   ·   For:  1/31/20   ·   Accession #:  894189-20-4888   ·   File #:  811-22135

Previous ‘N-Q’:  ‘N-Q’ on 3/25/20 for 1/31/20   ·   Latest ‘N-Q’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/23/20  Innovator ETFs Trust              N-Q/A       1/31/20    2:4.9M                                   US Bancorp Fund Svcs LLC
          → Innovator Deepwater Frontier Tech ETF
          → Innovator Emerging Markets Power Buffer ETF – January
          → Innovator Emerging Markets Power Buffer ETF – July
          → Innovator Growth-100 Power Buffer ETF – January
          → Innovator Growth-100 Power Buffer ETF – October
          → Innovator IBD Breakout Opportunities ETF
          → Innovator IBD® 50 ETF ⇒ FFTY
          → Innovator IBD® ETF Leaders ETF ⇒ LDRS
          → Innovator International Developed Power Buffer ETF – January
          → Innovator International Developed Power Buffer ETF – July
          → Innovator U.S. Equity Buffer ETF – April
          → Innovator U.S. Equity Buffer ETF – August
          → Innovator U.S. Equity Buffer ETF – December
          → Innovator U.S. Equity Buffer ETF – February
          → Innovator U.S. Equity Buffer ETF – January
          → Innovator U.S. Equity Buffer ETF – July
          → Innovator U.S. Equity Buffer ETF – June
          → Innovator U.S. Equity Buffer ETF – November
          → Innovator U.S. Equity Buffer ETF – October
          → Innovator U.S. Equity Buffer ETF – September
          → Innovator U.S. Equity Power Buffer ETF – April
          → Innovator U.S. Equity Power Buffer ETF – August
          → Innovator U.S. Equity Power Buffer ETF – December
          → Innovator U.S. Equity Power Buffer ETF – February
          → Innovator U.S. Equity Power Buffer ETF – January
          → Innovator U.S. Equity Power Buffer ETF – July
          → Innovator U.S. Equity Power Buffer ETF – June
          → Innovator U.S. Equity Power Buffer ETF – November
          → Innovator U.S. Equity Power Buffer ETF – October
          → Innovator U.S. Equity Power Buffer ETF – September
          → Innovator U.S. Equity Ultra Buffer ETF – April
          → Innovator U.S. Equity Ultra Buffer ETF – August
          → Innovator U.S. Equity Ultra Buffer ETF – December
          → Innovator U.S. Equity Ultra Buffer ETF – February
          → Innovator U.S. Equity Ultra Buffer ETF – January
          → Innovator U.S. Equity Ultra Buffer ETF – July
          → Innovator U.S. Equity Ultra Buffer ETF – June
          → Innovator U.S. Equity Ultra Buffer ETF – November
          → Innovator U.S. Equity Ultra Buffer ETF – October
          → Innovator U.S. Equity Ultra Buffer ETF – September
          → Innovator U.S. Small Cap Power Buffer ETF – January
          → Innovator U.S. Small Cap Power Buffer ETF – October

Amendment to Quarterly Portfolio Holdings Schedule by an Investment Company   —   Form N-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-Q/A       Amended Quarterly Notice of Portfolio Holdings      HTML   2.08M 
 2: EX-99.CERT  Officer Certifications                              HTML     13K

‘N-Q/A’   —   Amended Quarterly Notice of Portfolio Holdings

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 C: 




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


 
FORM N-Q
 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
 



Investment Company Act file number 811-22135



Innovator ETFs Trust
(Exact name of registrant as specified in charter)


109 N. Hale Street
Wheaton, IL 60187
(Address of principal executive offices) (Zip code)


Morrison Warren
Chapman and Cutler LLP
111 West Monroe Street
Chicago, IL 60603
(Name and address of agent for service)


800-208-5212
Registrant's telephone number, including area code






Date of fiscal year end: October 31, 2020


Date of reporting period:  January 31, 2020

 
Item 1. Schedule of Investments.
 
 
Innovator IBD® 50 ETF
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
             
   
Shares
    
Value
  
COMMON STOCKS - 95.62%
            
Aerospace/Defense - 2.01%
            
HEICO Corp. (a)
    
23,844
    
$
2,919,221
  
L3Harris Technologies, Inc.
    
13,117
      
2,903,186
  
             
5,822,407
  
Commercial Services - 15.93%
                
Chegg, Inc. (a)(b)
    
212,665
      
8,768,178
  
Euronet Worldwide, Inc. (b)
    
35,972
      
5,670,626
  
FleetCor Technologies, Inc. (b)
    
18,354
      
5,785,732
  
New Oriental Education & Technology Group, Inc. - ADR (b)
    
79,451
      
9,657,269
  
Paylocity Holding Corp. (b)
    
72,967
      
10,353,288
  
PayPal Holdings, Inc. (b)
    
12,569
      
1,431,483
  
Square, Inc. - Class A (b)
    
19,253
      
1,438,007
  
StoneCo Ltd. - Class A (a)(b)
    
67,510
      
2,932,634
  
             
46,037,217
  
Computers - 7.48%
                
Fortinet, Inc. (b)
    
87,527
      
10,097,114
  
Leidos Holdings, Inc.
    
57,599
      
5,786,972
  
Lumentum Holdings, Inc. (a)(b)
    
75,584
      
5,727,000
  
             
21,611,086
  
Distribution/Wholesale - 3.58%
                
Copart, Inc. (b)
    
101,909
      
10,339,687
  
                 
Diversified Financial Services - 7.51%
                
PennyMac Financial Services, Inc. (a)
    
172,154
      
5,805,033
  
Visa, Inc. - Class A (a)
    
28,631
      
5,696,710
  
XP, Inc. - Class A (a)(b)
    
254,507
      
10,215,911
  
             
21,717,654
  
Electrical Components & Equipment - 2.85%
                
Universal Display Corp. (a)
    
46,762
      
8,238,062
  
                 
Electronics - 1.93%
                
Jabil, Inc. (a)
    
143,056
      
5,563,448
  
                 
Healthcare-Products - 4.15%
                
Edwards Lifesciences Corp. (b)
    
12,601
      
2,770,456
  
Inmode Ltd. (a)(b)
    
212,819
      
9,221,447
  
             
11,991,903
  
Home Builders - 3.97%
                
DR Horton, Inc.
    
144,869
      
8,576,245
  
Winnebago Industries, Inc. (a)
    
52,717
      
2,886,783
  
             
11,463,028
  
Housewares - 1.00%
                
Toro Co.
    
36,085
      
2,887,522
  
                 
Insurance - 7.07%
                
Essent Group Ltd.
    
29,059
      
1,441,617
  
NMI Holdings, Inc. - Class A (b)
    
269,380
      
8,598,610
  
Palomar Holdings, Inc. (b)
    
194,547
      
10,398,537
  
             
20,438,764
  
Internet - 5.41%
                
Alibaba Group Holding Ltd. - ADR (b)
    
27,664
      
5,715,106
  
CDW Corp. (a)
    
65,238
      
8,510,297
  
Yandex NV - Class A (b)
    
31,800
      
1,424,958
  
             
15,650,361
  
Leisure Time - 1.02%
                
Planet Fitness, Inc. - Class A (b)
    
36,544
      
2,952,390
  
                 
Mining - 4.08%
                
Franco-Nevada Corp.
    
78,455
      
8,915,626
  
Kirkland Lake Gold Ltd. (a)
    
70,008
      
2,879,429
  
             
11,795,055
  
Pharmaceuticals - 0.50%
                
Jazz Pharmaceuticals PLC (b)
    
9,992
      
1,432,353
  
                 
Real Estate - 0.50%
                
CBRE Group, Inc. - Class A (a)(b)
    
23,862
      
1,456,775
  
                 
Retail - 5.94%
                
Boot Barn Holdings, Inc. (b)
    
203,468
      
8,539,552
  
Lululemon Athletica, Inc. (b)
    
36,107
      
8,643,655
  
             
17,183,207
  
Semiconductors - 6.27%
                
Advanced Micro Devices, Inc. (b)
    
61,727
      
2,901,169
  
ASML Holding NV - ADR
    
19,805
      
5,558,471
  
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
    
25,639
      
1,382,968
  
Teradyne, Inc.
    
125,631
      
8,290,389
  
             
18,132,997
  
Software - 13.93%
                
Adobe, Inc. (b)
    
29,188
      
10,249,075
  
j2 Global, Inc. (a)
    
14,841
      
1,422,658
  
Microsoft Corp.
    
34,905
      
5,941,878
  
Paycom Software, Inc. (a)(b)
    
31,871
      
10,140,077
  
Progress Software Corp.
    
31,446
      
1,419,158
  
ServiceNow, Inc. (b)
    
32,800
      
11,093,943
  
             
40,266,789
  
Transportation - 0.49%
                
ZTO Express Cayman, Inc. - ADR (a)
    
65,402
      
1,420,531
  
TOTAL COMMON STOCKS (Cost $261,326,971)
            
276,401,236
  
                 
REAL ESTATE INVESTMENT TRUSTS - 4.02%
                
Single Tenant - 4.02%
                
Essential Properties Realty Trust, Inc.
    
315,339
      
8,706,510
  
Spirit Realty Capital, Inc.
    
55,395
      
2,923,748
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $11,289,737)
            
11,630,258
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 15.55%
                
Mount Vernon Liquid Assets Portfolio, LLC, 1.77% (c)
    
44,941,196
      
44,941,196
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $44,941,196)
            
44,941,196
  
                 
SHORT TERM INVESTMENTS - 0.27%
                
Money Market Funds - 0.27%
                
Fidelity Government Portfolio - Class I, 1.45% (c)
    
772,099
      
772,099
  
TOTAL SHORT TERM INVESTMENTS (Cost $772,099)
            
772,099
  
                 
Total Investments (Cost $318,330,003) - 115.46%
            
333,744,789
  
Liabilities in Excess of Other Assets - (15.46)%
            
(44,681,781
)
TOTAL NET ASSETS - 100.00%
          
$
289,063,008
  
                 
Asset Type
  
% of Net Assets
          
Common Stocks
    
95.62
%
        
Real Estate Investment Trusts
    
4.02
          
Investments Purchased with Proceeds From Securities Lending
    
15.55
          
Short Term Investments
    
0.27
          
Total Investments
    
115.46
          
Liabilities in Excess of Other Assets
    
(15.46
)
        
Net Assets
    
100.00
%
        

Percentages are stated as a percent of net assets.
    
 
ADR
American Depositary Receipt
      
(a)
All or a portion of this security is on loan as of January 31, 2020.  The total value of securities on loan is $42,589,492, or 14.73% of net assets.
    
(b)
Non-income producing security.
      
(c)
Represents annualized seven-day yield as of the end of the reporting period.
      

 
 
Innovator IBD® ETF Leaders ETF
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Shares
    
Value
  
EXCHANGE TRADED FUNDS - 99.64%
            
Other Investment Pools and Funds - 99.64%
            
ARK Innovation ETF
    
20,603
    
$
1,067,235
  
ARK Next Generation Internet ETF
    
3,982
      
251,543
  
ETFMG Prime Junior Silver Miners ETF (a)
    
41,470
      
453,267
  
Fidelity MSCI Information Technology Index ETF
    
3,168
      
238,139
  
First Trust NASDAQ-100 Technology Index Fund
    
2,288
      
229,532
  
First Trust Rising Dividend Achievers ETF (a)
    
57,519
      
1,978,654
  
Global X Silver Miners ETF (a)
    
15,554
      
483,729
  
Invesco KBW Bank ETF (a)
    
35,431
      
1,910,794
  
Invesco QQQ Trust Series 1 (a)
    
4,851
      
1,062,709
  
iShares MSCI Global Gold Miners ETF
    
21,439
      
509,605
  
iShares PHLX Semiconductor ETF
    
913
      
221,914
  
iShares US Technology ETF
    
990
      
239,788
  
Schwab U.S. Large-Cap Growth ETF (a)
    
11,110
      
1,061,005
  
SPDR S&P 500 ETF Trust
    
3,201
      
1,029,857
  
SPDR S&P Semiconductor ETF
    
2,167
      
221,229
  
Technology Select Sector SPDR Fund
    
2,497
      
238,039
  
VanEck Vectors Junior Gold Miners ETF
    
12,199
      
506,746
  
VanEck Vectors Semiconductor ETF
    
1,617
      
222,451
  
Vanguard Information Technology ETF
    
935
      
237,658
  
TOTAL EXCHANGE TRADED FUNDS (Cost $11,868,520)
            
12,163,894
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 34.02%
                
Mount Vernon Liquid Assets Portfolio, LLC, 1.77% (b)
    
4,152,647
      
4,152,647
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $4,152,647)
            
4,152,647
  
                 
SHORT TERM INVESTMENTS - 0.38%
                
Money Market Funds - 0.38%
                
Fidelity Government Portfolio - Class I, 1.45% (b)
    
47,014
      
47,014
  
TOTAL SHORT TERM INVESTMENTS (Cost $47,014)
            
47,014
  
                 
Total Investments (Cost $16,068,181) - 134.04%
            
16,363,555
  
Liabilities in Excess of Other Assets - (34.04)%
            
(4,155,984
)
TOTAL NET ASSETS - 100.00%
          
$
12,207,571
  
                 
Asset Type
  
% of Net Assets
          
Exchange Traded Funds
    
99.64
%
        
Investments Purchased with Proceeds From Securities Lending
    
34.02
          
Short Term Investments
    
0.38
          
Total Investments
    
134.04
          
Liabilities in Excess of Other Assets
    
(34.04
)
        
Net Assets
    
100.00
%
        

Percentages are stated as a percent of net assets.
    
 
(a)
All or a portion of this security is on loan as of January 31, 2020.  The total value of securities on loan is $3,993,839, or 32.72% of net assets.
    
(b)
Represents annualized seven-day yield as of the end of the reporting period.
      

 
 
Innovator IBD® Breakout Opportunities ETF
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
             
   
Shares
    
Value
  
COMMON STOCKS - 98.15%
            
Aerospace/Defense - 1.27%
            
CAE, Inc.
    
1,830
    
$
54,314
  
L3Harris Technologies, Inc.
    
126
      
27,888
  
             
82,202
  
Banks - 0.83%
                
Meta Financial Group, Inc.
    
1,440
      
53,597
  
                 
Beverages - 2.50%
                
Monster Beverage Corp. (a)
    
2,430
      
161,838
  
                 
Biotechnology - 2.94%
                
NeoGenomics, Inc. (a)(b)
    
5,892
      
189,899
  
                 
Building Materials - 2.05%
                
Armstrong World Industries, Inc.
    
1,050
      
105,347
  
Trex Co., Inc. (a)(b)
    
276
      
27,114
  
             
132,461
  
Commercial Services - 11.92%
                
Chegg, Inc. (a)
    
636
      
26,222
  
Euronet Worldwide, Inc. (a)
    
1,002
      
157,955
  
FTI Consulting, Inc. (a)
    
462
      
55,468
  
Paylocity Holding Corp. (a)(b)
    
198
      
28,094
  
PayPal Holdings, Inc. (a)
    
1,632
      
185,868
  
Strategic Education, Inc.
    
1,008
      
163,588
  
WEX, Inc. (a)
    
708
      
153,580
  
             
770,775
  
Computers - 4.47%
                
CyberArk Software Ltd. (a)
    
390
      
53,910
  
Fortinet, Inc. (a)
    
462
      
53,296
  
Rapid7, Inc. (a)
    
3,060
      
181,703
  
             
288,909
  
Diversified Financial Services - 7.89%
                
Mastercard, Inc. - Class A
    
168
      
53,078
  
Sculptor Capital Management, Inc.
    
8,112
      
186,089
  
Visa, Inc. - Class A (b)
    
792
      
157,584
  
XP, Inc. - Class A (a)
    
2,814
      
112,954
  
             
509,705
  
Electrical Components & Equipment - 0.72%
                
Universal Display Corp.
    
264
      
46,509
  
                 
Energy-Alternate Sources - 0.75%
                
SolarEdge Technologies, Inc. (a)
    
492
      
48,147
  
                 
Engineering & Construction - 3.25%
                
Jacobs Engineering Group, Inc.
    
1,680
      
155,450
  
TopBuild Corp. (a)
    
480
      
54,965
  
             
210,415
  
Healthcare-Products - 4.66%
                
Penumbra, Inc. (a)(b)
    
948
      
166,335
  
Repligen Corp. (a)
    
276
      
27,708
  
Teleflex, Inc.
    
288
      
106,995
  
             
301,038
  
Healthcare-Services - 0.37%
                
Anthem, Inc.
    
90
      
23,875
  
                 
Home Builders - 2.83%
                
Installed Building Products, Inc. (a)
    
1,410
      
104,524
  
LGI Homes, Inc. (a)
    
330
      
26,314
  
M/I Homes, Inc. (a)
    
1,170
      
51,936
  
             
182,774
  
Insurance - 5.41%
                
Fidelity National Financial, Inc.
    
3,384
      
164,970
  
RLI Corp.
    
1,986
      
184,718
  
             
349,688
  
Internet - 2.57%
                
Mimecast Ltd. (a)
    
3,258
      
166,256
  
                 
Leisure Time - 3.03%
                
Planet Fitness, Inc. - Class A (a)
    
2,424
      
195,835
  
                 
Mining - 1.68%
                
Pan American Silver Corp.
    
4,728
      
108,649
  
                 
Miscellaneous Manufacturing - 0.38%
                
Federal Signal Corp.
    
774
      
24,892
  
                 
Pharmaceuticals - 3.38%
                
DexCom, Inc. (a)
    
462
      
111,226
  
Zoetis, Inc.
    
798
      
107,100
  
             
218,326
  
Retail - 2.90%
                
Chipotle Mexican Grill, Inc. (a)
    
216
      
187,220
  
                 
Semiconductors - 1.55%
                
Cirrus Logic, Inc. (a)
    
1,302
      
100,007
  
                 
Software - 28.86%
                
Adobe, Inc. (a)
    
468
      
164,334
  
Autodesk, Inc. (a)
    
954
      
187,795
  
Bill.Com Holdings, Inc. (a)
    
4,026
      
202,588
  
Blackline, Inc. (a)
    
2,700
      
165,159
  
Cadence Design Systems, Inc. (a)
    
2,190
      
157,921
  
Datadog, Inc. - Class A (a)
    
4,530
      
209,332
  
HubSpot, Inc. (a)
    
588
      
106,393
  
j2 Global, Inc. (b)
    
540
      
51,764
  
Paycom Software, Inc. (a)
    
84
      
26,725
  
RingCentral, Inc. - Class A (a)(b)
    
138
      
28,370
  
ServiceNow, Inc. (a)
    
90
      
30,441
  
Sprout Social, Inc. - Class A (a)(b)
    
9,390
      
192,777
  
SPS Commerce, Inc. (a)
    
3,252
      
184,811
  
SS&C Technologies Holdings, Inc.
    
834
      
52,550
  
Synopsys, Inc. (a)
    
708
      
104,437
  
             
1,865,397
  
Telecommunications - 0.32%
                
AudioCodes Ltd.
    
966
      
20,711
  
                 
Transportation - 1.62%
                
XPO Logistics, Inc. (a)(b)
    
1,182
      
105,103
  
TOTAL COMMON STOCKS (Cost $6,058,667)
            
6,344,228
  
                 
REAL ESTATE INVESTMENT TRUSTS - 1.74%
                
Single Tenant - 1.74%
                
Essential Properties Realty Trust, Inc.
    
4,080
      
112,649
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $104,815)
            
112,649
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING  - 14.28%
                
Mount Vernon Liquid Assets Portfolio, LLC, 1.77% (c)
    
922,861
      
922,861
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $922,861)
            
922,861
  
                 
SHORT TERM INVESTMENTS - 0.15%
                
Money Market Funds - 0.15%
                
Fidelity Government Portfolio - Class I, 1.45% (c)
    
9,558
      
9,558
  
TOTAL SHORT TERM INVESTMENTS (Cost $9,558)
            
9,558
  
                 
Total Investments (Cost $7,095,901) - 114.32%
            
7,389,296
  
Liabilities in Excess of Other Assets - (14.32)%
            
(925,768
)
TOTAL NET ASSETS - 100.00%
          
$
6,463,528
  
                 
Asset Type
  
% of Net Assets
          
Common Stocks
    
98.15
%
        
Real Estate Investment Trusts
    
1.74
          
Investments Purchased with Proceeds From Securities Lending
    
14.28
          
Short Term Investments
    
0.15
          
Total Investments
    
114.32
          
Liabilities in Excess of Other Assets
    
(14.32
)
        
Net Assets
    
100.00
%
        

Percentages are stated as a percent of net assets.
    
 
(a)
Non-income producing security.
      
(b)
All or a portion of this security is on loan as of January 31, 2020.  The total value of securities on loan is $883,292, or 13.67% of net assets.
    
(c)
Represents annualized seven-day yield as of the end of the reporting period.
      

 
Innovator Loup Frontier Tech ETF
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
             
   
Shares
    
Value
  
COMMON STOCKS - 99.92%
            
Aerospace/Defense - 2.93%
            
AeroVironment, Inc. (a)(b)
    
4,888
    
$
325,590
  
                 
Auto Manufacturers - 8.61%
                
Tesla, Inc. (a)(b)
    
1,472
      
957,639
  
                 
Computers - 4.88%
                
Lumentum Holdings, Inc. (a)(b)
    
7,168
      
543,119
  
                 
Electrical Components & Equipment - 5.93%
                
LG Innotek Co., Ltd.
    
2,736
      
348,930
  
Novanta, Inc. (a)
    
3,424
      
310,660
  
             
659,590
  
Electronics - 16.42%
                
Coherent, Inc. (a)
    
2,080
      
294,174
  
FLIR Systems, Inc.
    
5,632
      
290,273
  
Fortive Corp.
    
4,040
      
302,717
  
II-VI, Inc. (a)(b)
    
10,152
      
341,615
  
Omron Corp.
    
4,800
      
283,956
  
Trimble, Inc. (a)
    
7,376
      
313,628
  
             
1,826,363
  
Healthcare-Products - 2.66%
                
Intuitive Surgical, Inc. (a)
    
528
      
295,564
  
                 
Home Furnishings - 2.87%
                
Sony Corp. - ADR
    
4,544
      
318,898
  
                 
Internet - 11.61%
                
Baidu, Inc. - ADR (a)
    
4,344
      
536,745
  
Pinterest, Inc. - Class A (a)(b)
    
16,448
      
362,349
  
Uber Technologies, Inc. (a)
    
10,824
      
392,803
  
             
1,291,897
  
Machinery-Diversified - 7.83%
                
Harmonic Drive Systems, Inc. (b)
    
6,400
      
294,735
  
Rockwell Automation, Inc.
    
1,512
      
289,790
  
Yaskawa Electric Corp.
    
8,000
      
286,097
  
             
870,622
  
Miscellaneous Manufacturing - 5.72%
                
Axon Enterprise, Inc. (a)(b)
    
4,144
      
318,300
  
Fabrinet (a)
    
5,040
      
317,722
  
             
636,022
  
Semiconductors - 21.64%
                
Advanced Micro Devices, Inc. (a)
    
12,824
      
602,728
  
AMS AG (a)
    
6,424
      
263,243
  
NVIDIA Corp.
    
1,416
      
334,785
  
SK Hynix, Inc.
    
4,424
      
347,060
  
STMicroelectronics NV
    
19,528
      
547,720
  
Teradyne, Inc.
    
4,720
      
311,473
  
             
2,407,009
  
Software - 5.92%
                
BlackBerry Ltd. (a)
    
55,040
      
335,214
  
Nuance Communications, Inc. (a)
    
17,096
      
323,456
  
             
658,670
  
Transportation - 2.90%
                
XPO Logistics, Inc. (a)(b)
    
3,632
      
322,957
  
TOTAL COMMON STOCKS (Cost $9,566,920)
            
11,113,940
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 19.51%
                
Mount Vernon Liquid Assets Portfolio, LLC, 1.77% (c)
    
2,169,773
      
2,169,773
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $2,169,773)
            
2,169,773
  
                 
SHORT TERM INVESTMENTS - 0.08%
                
Money Market Funds - 0.08%
                
Fidelity Government Portfolio - Class I, 1.45% (c)
    
9,367
      
9,367
  
TOTAL SHORT TERM INVESTMENTS (Cost $9,367)
            
9,367
  
                 
Total Investments (Cost $11,746,060) - 119.51%
            
13,293,080
  
Liabilities in Excess of Other Assets - (19.51)%
            
(2,169,867
)
TOTAL NET ASSETS - 100.00%
          
$
11,123,213
  
                 
Country
  
% of Net Assets
          
Austria
    
2.37
%
        
Canada
    
3.01
          
China
    
4.83
          
Japan
    
10.64
          
South Korea
    
6.26
          
Switzerland
    
4.92
          
Thailand
    
2.86
          
United States
    
65.03
          
Total Country
    
99.92
          
Investments Purchased with Proceeds From Securities Lending
    
19.51
          
Short Term Investments
    
0.08
          
Total Investments
    
119.51
          
Liabilities in Excess of Other Assets
    
(19.51
)
        
Net Assets
    
100.00
%
        

Percentages are stated as a percent of net assets.
  
 
ADR
American Depositary Receipt
  
(a)
Non-income producing security.
  
(b)
All or a portion of this security is on loan as of January 31, 2020.  The total value of securities on loan is $2,072,751, or 18.63% of net assets.
  
(c)
Represents annualized seven-day yield as of the end of the reporting period.
  

 
Innovator S&P 500® Buffer ETF - January
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 104.76% (a)
                  
CALL OPTIONS - 78.81%
                  
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $1,938.18
    
978
    
$
315,455,856
    
$
124,712,594
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $193.84
    
164
      
5,289,820
      
2,090,949
  
                     
126,803,543
  
PUT OPTIONS - 25.95%
                        
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $3,876.35
    
489
      
157,727,928
      
31,535,558
  
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $3,230.27
    
489
      
157,727,928
      
9,523,030
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $387.67
    
82
      
2,644,910
      
529,091
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $323.04
    
82
      
2,644,910
      
159,730
  
                     
41,747,409
  
TOTAL PURCHASED OPTIONS (Cost $169,337,854)
                    
168,550,952
  
                         
SHORT TERM INVESTMENTS - 0.01%
  
Shares
                  
MONEY MARKET FUNDS - 0.01%
                        
Fidelity Government Portfolio - Class I, 1.45% (b)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (b)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (b)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (b)
    
13,240
              
13,240
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (b)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (b)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (b)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $13,840)
                    
13,840
  
                         
Total Investments (Cost $169,351,694) - 104.77%
                    
168,564,792
  
Liabilities in Excess of Other Assets - (4.77)%
                    
(7,676,477
)
TOTAL NET ASSETS - 100.00%
                  
$
160,888,315
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
104.76
 %


         
Short Term Investments
    
0.01
                  
Total Investments
    
104.77
                  
Liabilities in Excess of Other Assets
    
(4.77
)
                
Net Assets
    
100.00
 %


         
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
          
(b) Represents annualized seven-day yield as of the end of the reporting period.
          

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
    
 
                          
Description
    
Expiration
    
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                                
SPX S&P 500® Index
    
12/31/2020
    
$
3,876.35
      
489
    
$
(157,727,928
)
  
$
(248,034
)
SPX S&P 500® Index
    
12/31/2020
      
3,659.88
      
489
      
(157,727,928
)
    
(1,040,182
)
XSP S&P 500® Mini Index
    
12/31/2020
      
387.67
      
82
      
(2,644,910
)
    
(4,150
)
XSP S&P 500® Mini Index
    
12/31/2020
      
365.99
      
82
      
(2,644,910
)
    
(17,441
)
                                     
(1,309,807
)
Put Options
                                        
SPX S&P 500® Index
    
12/31/2020
      
2,939.54
      
489
      
(157,727,928
)
    
(5,384,079
)
SPX S&P 500® Index
    
12/31/2020
      
1,938.18
      
978
      
(315,455,856
)
    
(846,996
)
XSP S&P 500® Mini Index
    
12/31/2020
      
293.95
      
82
      
(2,644,910
)
    
(90,278
)
XSP S&P 500® Mini Index
    
12/31/2020
      
193.84
      
164
      
(5,289,820
)
    
(14,212
)
                                     
(6,335,565
)
Total Options Written (Premiums Received $7,424,546)
                           $
 (7,645,372 )
                                         
(a) Exchange-Traded.
                                        

 
Innovator S&P 500® Buffer ETF - February
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.07% (a)
                  
CALL OPTIONS - 78.89%
                  
SPX S&P 500® Index, Expires 01/29/2021, Strike Price $1,935.11
    
8
    
$
2,580,416
    
$
1,018,320
  
XSP S&P 500® Mini Index, Expires 01/29/2021, Strike Price $193.53
    
72
      
2,322,360
      
915,480
  
                     
1,933,800
  
PUT OPTIONS - 26.18%
                        
SPX S&P 500® Index, Expires 01/29/2021, Strike Price $3,870.22
    
4
      
1,290,208
      
257,288
  
SPX S&P 500® Index, Expires 01/29/2021, Strike Price $3,225.16
    
4
      
1,290,208
      
80,856
  
XSP S&P 500® Mini Index, Expires 01/29/2021, Strike Price $387.06
    
36
      
1,161,180
      
231,228
  
XSP S&P 500® Mini Index, Expires 01/29/2021, Strike Price $322.53
    
36
      
1,161,180
      
72,360
  
                     
641,732
  
TOTAL PURCHASED OPTIONS (Cost $2,575,828)
                    
2,575,532
  
                         
Total Investments (Cost $2,575,828) - 105.07%
                    
2,575,532
  
Liabilities in Excess of Other Assets - (5.07)%
                    
(124,198
)
TOTAL NET ASSETS - 100.00%
                  
$
2,451,334
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.07
 %
 

         
Total Investments
    
105.07
                  
Liabilities in Excess of Other Assets
    
(5.07
)
                
Net Assets
    
100.00
  %  

         
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        

Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
1/29/2021
  
$
3,870.22
      
4
    
$
(1,290,208
)
  
$
(2,216
)
SPX S&P 500® Index
  
1/29/2021
    
3,644.42
      
4
      
(1,290,208
)
    
(10,252
)
XSP S&P 500® Mini Index
  
1/29/2021
    
387.06
      
36
      
(1,161,180
)
    
(2,412
)
XSP S&P 500® Mini Index
  
1/29/2021
    
364.44
      
36
      
(1,161,180
)
    
(9,684
)
                                 
(24,564
)
Put Options
                                    
SPX S&P 500® Index
  
1/29/2021
    
2,934.89
      
4
      
(1,290,208
)
    
(45,796
)
SPX S&P 500® Index
  
1/29/2021
    
1,935.11
      
8
      
(2,580,416
)
    
(6,072
)
XSP S&P 500® Mini Index
  
1/29/2021
    
293.49
      
36
      
(1,161,180
)
    
(41,652
)
XSP S&P 500® Mini Index
  
1/29/2021
    
193.53
      
72
      
(2,322,360
)
    
(6,336
)
                                 
(99,856
)
Total Options Written (Premiums Received $124,050)
                       $
 (124,420 )
                                     
(a) Exchange-Traded.
                                    

 
 
Innovator S&P 500® Buffer ETF -April
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 101.96% (a)
                  
CALL OPTIONS - 95.82%
                  
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $1,700.65
    
212
    
$
68,381,024
    
$
32,296,217
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $170.08
    
212
      
6,838,060
      
3,229,307
  
                     
35,525,524
  
PUT OPTIONS - 6.14%
                        
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $3,401.31
    
106
      
34,190,512
      
1,926,480
  
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $2,834.4
    
106
      
34,190,512
      
144,325
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $340.17
    
106
      
3,419,030
      
192,966
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $283.45
    
106
      
3,419,030
      
14,439
  
                     
2,278,210
  
TOTAL PURCHASED OPTIONS (Cost $38,418,591)
                    
37,803,734
  
                         
Total Investments (Cost $38,418,591) - 101.96%
                    
37,803,734
  
Liabilities in Excess of Other Assets - (1.96)%
                    
(727,320
)
TOTAL NET ASSETS - 100.00%
                  
$
37,076,414
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
101.96
%
                
Total Investments
    
101.96
                  
Liabilities in Excess of Other Assets
    
(1.96
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        

 
Schedule of Options Written (a)
                      
January 31, 2020 (Unaudited)
                      
                               
Description
    
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                              
SPX S&P 500® Index
    
3/31/2020
  
$
3,401.31
    
106
    
$
(34,190,512
)
  
$
(95,650
)
SPX S&P 500® Index
    
3/31/2020
    
3,323.12
    
106
      
(34,190,512
)
    
(331,053
)
XSP S&P 500® Mini Index
    
3/31/2020
    
340.17
    
106
      
(3,419,030
)
    
(9,496
)
XSP S&P 500® Mini Index
    
3/31/2020
    
332.31
    
106
      
(3,419,030
)
    
(33,114
)
                                 
(469,313
)
Put Options
                                    
SPX S&P 500® Index
    
3/31/2020
    
2,579.29
    
106
      
(34,190,512
)
    
(49,684
)
SPX S&P 500® Index
    
3/31/2020
    
1,700.65
    
212
      
(68,381,024
)
    
(10,104
)
XSP S&P 500® Mini Index
    
3/31/2020
    
257.93
    
106
      
(3,419,030
)
    
(4,969
)
XSP S&P 500® Mini Index
    
3/31/2020
    
170.08
    
212
      
(6,838,060
)
    
(1,011
)
                                 
(65,768
)
Total Options Written (Premiums Received $511,598)
                               $
 (535,081 )
                                     
(a) Exchange-Traded.
                                    

Innovator S&P 500® Buffer ETF - June
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 107.16% (a)
                  
CALL OPTIONS - 101.78%
                  
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $1,651.26
    
28
    
$
9,031,456
    
$
4,389,860
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $165.14
    
42
      
1,354,710
      
658,420
  
                     
5,048,280
  
PUT OPTIONS - 5.38%
                        
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $3,302.52
    
14
      
4,515,728
      
199,000
  
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $2,752.08
    
14
      
4,515,728
      
32,918
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $330.29
    
21
      
677,355
      
29,890
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $275.22
    
21
      
677,355
      
4,940
  
                     
266,748
  
TOTAL PURCHASED OPTIONS (Cost $5,353,925)
                    
5,315,028
  
                         
SHORT TERM INVESTMENTS - 0.01%
  
Shares
                  
MONEY MARKET FUNDS - 0.01%
                        
Fidelity Government Portfolio - Class I, 1.45% (b)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (b)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (b)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (b)
    
116
              
116
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (b)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (b)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (b)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $716)
                    
716
  
                         
Total Investments (Cost $5,354,641) - 107.17%
                    
5,315,744
  
Liabilities in Excess of Other Assets  - (7.17)%
                    
(355,810
)
TOTAL NET ASSETS - 100.00%
                  
$
4,959,934
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
107.16
%
                
Short Term Investments
    
0.01
                  
Total Investments
    
107.17
                  
Liabilities in Excess of Other Assets
    
(7.17
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
    
 
                        
Description
    
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                              
SPX S&P 500® Index
    
5/29/2020
  
$
3,302.52
    
14
    
$
(4,515,728
)
  
$
(96,246
)
SPX S&P 500® Index
    
5/29/2020
    
3,204.79
    
14
      
(4,515,728
)
    
(177,263
)
XSP S&P 500® Mini Index
    
5/29/2020
    
330.29
    
21
      
(677,355
)
    
(14,396
)
XSP S&P 500® Mini Index
    
5/29/2020
    
320.48
    
21
      
(677,355
)
    
(26,588
)
                                 
(314,493
)
Put Options
                                    
SPX S&P 500® Index
    
5/29/2020
    
2,504.38
    
14
      
(4,515,728
)
    
(14,121
)
SPX S&P 500® Index
    
5/29/2020
    
1,651.26
    
28
      
(9,031,456
)
    
(2,867
)
XSP S&P 500® Mini Index
    
5/29/2020
    
250.44
    
21
      
(677,355
)
    
(2,118
)
XSP S&P 500® Mini Index
    
5/29/2020
    
165.14
    
42
      
(1,354,710
)
    
(430
)
                                 
(19,536
)
Total Options Written (Premiums Received $134,168)
                     $
(334,029
)

                                   
(a) Exchange-Traded.
                                    

 
Innovator S&P 500® Buffer ETF - July
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 103.05% (a)
                  
CALL OPTIONS - 91.56%
                  
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $1,764.82
    
450
    
$
145,148,400
    
$
65,389,787
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $176.50
    
40
      
1,290,200
      
581,171
  
                     
65,970,958
  
PUT OPTIONS - 11.49%
                        
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $3,529.65
    
225
      
72,574,200
      
6,966,929
  
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $2,941.35
    
225
      
72,574,200
      
1,241,102
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $353.01
    
20
      
645,100
      
62,008
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $294.14
    
20
      
645,100
      
11,033
  
                     
8,281,072
  
TOTAL PURCHASED OPTIONS (Cost $74,319,844)
                    
74,252,030
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
408
              
408
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $1,008)
                    
1,008
  
                         
Total Investments (Cost $74,320,852) - 103.05%
                    
74,253,038
  
Liabilities in Excess of Other Assets - (3.05)%
                    
(2,200,620
)
TOTAL NET ASSETS - 100.00%
                  
$
72,052,418
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
103.05
                  
Short Term Investments
    
0.00
                  
Total Investments
    
103.05
                  
Liabilities in Excess of Other Assets
    
(3.05
)
                
Net Assets
    
100.00
                  
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
                          
January 31, 2020 (Unaudited)
                          
                               
Description
    
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                              
SPX S&P 500® Index
    
6/30/2020
  
$
3,529.65
    
225
    
$
(72,574,200
)
  
$
(246,102
)
SPX S&P 500® Index
    
6/30/2020
    
3,353.13
    
225
      
(72,574,200
)
    
(1,289,622
)
XSP S&P 500® Mini Index
    
6/30/2020
    
353.01
    
20
      
(645,100
)
    
(2,178
)
XSP S&P 500® Mini Index
    
6/30/2020
    
335.31
    
20
      
(645,100
)
    
(11,466
)
                                 
(1,549,368
)
Put Options
                                    
SPX S&P 500® Index
    
6/30/2020
    
2,676.62
    
225
      
(72,574,200
)
    
(558,685
)
SPX S&P 500® Index
    
6/30/2020
    
1,764.82
    
450
      
(145,148,400
)
    
(76,334
)
XSP S&P 500® Mini Index
    
6/30/2020
    
267.66
    
20
      
(645,100
)
    
(4,966
)
XSP S&P 500® Mini Index
    
6/30/2020
    
176.50
    
40
      
(1,290,200
)
    
(679
)
                                 
(640,664
)
Total Options Written (Premiums Received $2,063,009)
                               $
 (2,190,032 )
                                     
(a) Exchange-Traded.
                                    

 
Innovator S&P 500® Buffer ETF - August
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 103.53% (a)
                  
CALL OPTIONS - 90.07%
                  
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $1,788.11
    
228
    
$
73,541,856
    
$
32,632,753
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $178.83
    
114
      
3,677,070
      
1,631,429
  
                     
34,264,182
  
PUT OPTIONS - 13.46%
                        
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $3,576.22
    
114
      
36,770,928
      
4,049,517
  
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $2,980.16
    
114
      
36,770,928
      
825,492
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $357.66
    
57
      
1,838,535
      
202,666
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $298.03
    
57
      
1,838,535
      
41,290
  
                     
5,118,965
  
TOTAL PURCHASED OPTIONS (Cost $39,754,011)
                    
39,383,147
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
224
              
224
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $824)
                    
824
  
                         
Total Investments (Cost $39,754,835) - 103.53%
                    
39,383,971
  
Liabilities in Excess of Other Assets - (3.53)%
                    
(1,344,201
)
TOTAL NET ASSETS - 100.00%
                  
$
38,039,770
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
103.53
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
103.53
                  
Liabilities in Excess of Other Assets
    
(3.53
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
    
 
                        
Description
    
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                              
SPX S&P 500® Index
    
7/31/2020
  
$
3,576.22
    
114
    
$
(36,770,928
)
  
$
(117,105
)
SPX S&P 500® Index
    
7/31/2020
    
3,385.45
    
114
      
(36,770,928
)
    
(619,220
)
XSP S&P 500® Mini Index
    
7/31/2020
    
357.66
    
57
      
(1,838,535
)
    
(5,834
)
XSP S&P 500® Mini Index
    
7/31/2020
    
338.55
    
57
      
(1,838,535
)
    
(30,949
)
                                 
(773,108
)
Put Options
                                    
SPX S&P 500® Index
    
7/31/2020
    
2,711.94
    
114
      
(36,770,928
)
    
(395,338
)
SPX S&P 500® Index
    
7/31/2020
    
1,788.11
    
228
      
(73,541,856
)
    
(51,268
)
XSP S&P 500® Mini Index
    
7/31/2020
    
271.19
    
57
      
(1,838,535
)
    
(19,764
)
XSP S&P 500® Mini Index
    
7/31/2020
    
178.83
    
114
      
(3,677,070
)
    
(2,565
)
                                 
(468,935
)
Total Options Written (Premiums Received $1,234,690)
                               $
 (1,242,043 )
                                     
(a) Exchange-Traded.
                                    

 
Innovator S&P 500® Buffer ETF - September
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.10% (a)
                  
CALL OPTIONS - 93.04%
                  
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $1,755.38
    
28
    
$
9,031,456
    
$
4,086,889
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $175.56
    
10
      
322,550
      
145,939
  
                     
4,232,828
  
PUT OPTIONS - 12.06%
                        
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $3,510.76
    
14
      
4,515,728
      
429,118
  
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $2,925.61
    
14
      
4,515,728
      
100,808
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $351.11
    
5
      
161,275
      
15,339
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $292.57
    
5
      
161,275
      
3,601
  
                     
548,866
  
TOTAL PURCHASED OPTIONS (Cost $4,632,656)
                    
4,781,694
  
                         
SHORT TERM INVESTMENTS - 0.02%
  
Shares
                  
MONEY MARKET FUNDS - 0.02%
                        
Fidelity Government Portfolio - Class I, 1.45% (b)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (b)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (b)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (b)
    
128
              
128
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (b)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (b)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (b)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $728)
                    
728
  
                         
Total Investments (Cost $4,633,384) - 105.12%
                    
4,782,422
  
Liabilities in Excess of Other Assets - (5.12)%
                    
(232,891
)
TOTAL NET ASSETS - 100.00%
                  
$
4,549,531
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.10
%
                
Short Term Investments
    
0.02
                  
Total Investments
    
105.12
                  
Liabilities in Excess of Other Assets
    
(5.12
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
                          
January 31, 2020 (Unaudited)
                          
                               
Description
    
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                              
SPX S&P 500® Index
    
8/31/2020
  
$
3,510.76
    
14
    
$
(4,515,728
)
  
$
(34,534
)
SPX S&P 500® Index
    
8/31/2020
    
3,337.23
    
14
      
(4,515,728
)
    
(120,457
)
XSP S&P 500® Mini Index
    
8/31/2020
    
351.11
    
5
      
(161,275
)
    
(1,230
)
XSP S&P 500® Mini Index
    
8/31/2020
    
333.72
    
5
      
(161,275
)
    
(4,303
)
                                 
(160,524
)
Put Options
                                    
SPX S&P 500® Index
    
8/31/2020
    
2,662.30
    
14
      
(4,515,728
)
    
(50,546
)
SPX S&P 500® Index
    
8/31/2020
    
1,755.38
    
28
      
(9,031,456
)
    
(7,330
)
XSP S&P 500® Mini Index
    
8/31/2020
    
266.23
    
5
      
(161,275
)
    
(1,805
)
XSP S&P 500® Mini Index
    
8/31/2020
    
175.56
    
10
      
(322,550
)
    
(262
)
                                 
(59,943
)
Total Options Written (Premiums Received $197,856)
                               $
 (220,467 )
                                     
(a) Exchange-Traded.
                                    

Innovator S&P 500® Buffer ETF - October
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 104.50% (a)
                  
CALL OPTIONS - 90.23%
                  
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $1,786.06
    
946
    
$
305,134,192
    
$
134,987,213
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $178.62
    
20
      
645,100
      
285,358
  
                     
135,272,571
  
PUT OPTIONS - 14.27%
                        
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $3,572.12
    
473
      
152,567,096
      
17,046,012
  
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $2,976.74
    
473
      
152,567,096
      
4,307,396
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $357.25
    
10
      
322,550
      
36,070
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $297.68
    
10
      
322,550
      
9,108
  
                     
21,398,586
  
TOTAL PURCHASED OPTIONS (Cost $152,683,013)
                    
156,671,157
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
2,099
              
2,099
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $2,699)
                    
2,699
  
                         
Total Investments (Cost $152,685,712) - 104.50%
                    
156,673,856
  
Liabilities in Excess of Other Assets - (4.50)%
                    
(6,754,643
)
TOTAL NET ASSETS - 100.00%
                  
$
149,919,213
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
104.50
 %                
Short Term Investments
    
0.00
 (b)                
Total Investments
    
104.50
                  
Liabilities in Excess of Other Assets
    
(4.50
)
                
Net Assets
    
100.00
 %                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
    
 
                        
Description
    
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                              
SPX S&P 500® Index
    
9/30/2020
  
$
3,572.12
    
473
    
$
(152,567,096
)
  
$
(919,137
)
SPX S&P 500® Index
    
9/30/2020
    
3,397.04
    
473
      
(152,567,096
)
    
(3,281,229
)
XSP S&P 500® Mini Index
    
9/30/2020
    
357.25
    
10
      
(322,550
)
    
(1,938
)
XSP S&P 500® Mini Index
    
9/30/2020
    
339.70
    
10
      
(322,550
)
    
(6,939
)
                                 
(4,209,243
)
Put Options
                                    
SPX S&P 500® Index
    
9/30/2020
    
2,708.82
    
473
      
(152,567,096
)
    
(2,237,587
)
SPX S&P 500® Index
    
9/30/2020
    
1,786.06
    
946
      
(305,134,192
)
    
(304,666
)
XSP S&P 500® Mini Index
    
9/30/2020
    
270.88
    
10
      
(322,550
)
    
(4,730
)
XSP S&P 500® Mini Index
    
9/30/2020
    
178.62
    
20
      
(645,100
)
    
(644
)
                                 
(2,547,627
)
Total Options Written (Premiums Received $6,540,120)
                               $
 (6,756,870 )
                                     
(a) Exchange-Traded.
                                    

 
Innovator S&P 500® Buffer ETF - November
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 104.41% (a)
                  
CALL OPTIONS - 87.35%
                  
SPX S&P 500® Index, Expires 10/30/2020, Strike Price $1,822.61
    
104
    
$
33,545,408
    
$
14,461,103
  
XSP S&P 500® Mini Index, Expires10/30/2020, Strike Price $182.28
    
52
      
1,677,260
      
722,959
  
                     
15,184,062
  
PUT OPTIONS - 17.06%
                        
SPX S&P 500® Index, Expires 10/30/2020, Strike Price $3,645.22
    
52
      
16,772,704
      
2,221,930
  
SPX S&P 500® Index, Expires10/30/2020, Strike Price $3,037.66
    
52
      
16,772,704
      
601,949
  
XSP S&P 500® Mini Index, Expires 10/30/2020, Strike Price $364.56
    
26
      
838,630
      
111,182
  
XSP S&P 500® Mini Index, Expires 10/30/2020, Strike Price $303.78
    
26
      
838,630
      
30,107
  
                     
2,965,168
  
TOTAL PURCHASED OPTIONS (Cost $17,940,569)
                    
18,149,230
  
                         
Total Investments (Cost $17,940,569) - 104.41%
                    
18,149,230
  
Liabilities in Excess of Other Assets - (4.41)%
                    
(766,020
)
TOTAL NET ASSETS - 100.00%
                  
$
17,383,210
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
104.41
%
                
Total Investments
    
104.41
                  
Liabilities in Excess of Other Assets
    
(4.41
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
    
 
                        
Description
    
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                              
SPX S&P 500® Index
    
10/30/2020
  
$
3,645.22
    
52
    
$
(16,772,704
)
  
$
(76,072
)
SPX S&P 500® Index
    
10/30/2020
    
3,463.83
    
52
      
(16,772,704
)
    
(279,098
)
XSP S&P 500® Mini Index
    
10/30/2020
    
364.56
    
26
      
(838,630
)
    
(3,793
)
XSP S&P 500® Mini Index
    
10/30/2020
    
346.38
    
26
      
(838,630
)
    
(13,958
)
                                 
(372,921
)
Put Options
                                    
SPX S&P 500® Index
    
10/30/2020
    
2,764.26
    
52
      
(16,772,704
)
    
(324,209
)
SPX S&P 500® Index
    
10/30/2020
    
1,822.61
    
104
      
(33,545,408
)
    
(45,829
)
XSP S&P 500® Mini Index
    
10/30/2020
    
276.43
    
26
      
(838,630
)
    
(16,212
)
XSP S&P 500® Mini Index
    
10/30/2020
    
182.28
    
52
      
(1,677,260
)
    
(2,293
)
                                 
(388,543
)
Total Options Written (Premiums Received $805,999)
                               $
 (764,464 )
                                     
(a) Exchange-Traded.
                                    

 
Innovator S&P 500® Buffer ETF - December
  
Schedule of Investments
                  
January 31, 2020 (Unaudited)
                  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 104.46% (a)
                  
CALL OPTIONS - 82.61%
                  
SPX S&P 500® Index, Expires 11/30/2020, Strike Price $1,884.94
    
144
    
$
46,447,488
    
$
19,113,635
  
XSP S&P 500® Mini Index, Expires11/30/2020, Strike Price $188.51
    
72
      
2,322,360
      
955,571
  
                     
20,069,206
  
PUT OPTIONS - 21.85%
                        
SPX S&P 500® Index, Expires 11/30/2020, Strike Price $3,769.88
    
72
      
23,223,744
      
3,926,128
  
SPX S&P 500® Index, Expires11/30/2020, Strike Price $3,141.54
    
72
      
23,223,744
      
1,129,281
  
XSP S&P 500® Mini Index, Expires 11/30/2020, Strike Price $377.02
    
36
      
1,161,180
      
196,413
  
XSP S&P 500® Mini Index, Expires 11/30/2020, Strike Price $314.16
    
36
      
1,161,180
      
56,471
  
                     
5,308,293
  
TOTAL PURCHASED OPTIONS (Cost $25,281,692)
                    
25,377,499
  
                         
Total Investments (Cost $25,281,692) - 104.46%
                    
25,377,499
  
Liabilities in Excess of Other Assets - (4.46)%
                    
(1,082,693
)
TOTAL NET ASSETS - 100.00%
                  
$
24,294,806
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
104.46
%
                
Total Investments
    
104.46
                  
Liabilities in Excess of Other Assets
    
(4.46
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
 
                        
(a) Exchange-Traded.
                        

Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
11/30/2020
  
$
3,769.88
    
72
    
$
(23,223,744
)
  
$
(57,728
)
SPX S&P 500® Index
  
11/30/2020
    
3,560.92
    
72
      
(23,223,744
)
    
(247,484
)
XSP S&P 500® Mini Index
  
11/30/2020
    
377.02
    
36
      
(1,161,180
)
    
(2,880
)
XSP S&P 500® Mini Index
  
11/30/2020
    
356.09
    
36
      
(1,161,180
)
    
(12,376
)
                               
(320,468
)
Put Options
                                  
SPX S&P 500® Index
  
11/30/2020
    
2,858.79
    
72
      
(23,223,744
)
    
(628,584
)
SPX S&P 500® Index
  
11/30/2020
    
1,884.94
    
144
      
(46,447,488
)
    
(94,553
)
XSP S&P 500® Mini Index
  
11/30/2020
    
285.88
    
36
      
(1,161,180
)
    
(31,430
)
XSP S&P 500® Mini Index
  
11/30/2020
    
188.51
    
72
      
(2,322,360
)
    
(4,730
)
                               
(759,297
)
Total Options Written (Premiums Received $1,206,913)
                       $
 (1,079,765 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Power Buffer ETF - January
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
  
Notional Amount
    
Value
  
PURCHASED OPTIONS - 104.69% (a)
                
CALL OPTIONS - 78.76%
                
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $1,938.16
    
1,152
  
$
371,579,904
    
$
146,902,932
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $193.82
    
106
    
3,419,030
      
1,351,670
  
                   
148,254,602
  
PUT OPTIONS - 25.93%
                      
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $3,876.31
    
576
    
185,789,952
      
37,143,982
  
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $3,230.26
    
576
    
185,789,952
      
11,217,098
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $387.63
    
53
    
1,709,515
      
341,771
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $323.03
    
53
    
1,709,515
      
103,221
  
                   
48,806,072
  
TOTAL PURCHASED OPTIONS (Cost $197,602,547)
                  
197,060,674
  
 
                      
SHORT TERM INVESTMENTS - 0.01%
  
Shares
                
MONEY MARKET FUNDS - 0.01%
                      
Fidelity Government Portfolio - Class I, 1.45% (b)
    
100
            
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (b)
    
100
            
100
  
First American Government Obligations Fund - Class X, 1.48% (b)
    
100
            
100
  
First American Treasury Obligations Fund - Class X, 1.49% (b)
    
17,730
            
17,730
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (b)
    
100
            
100
  
STIT - Treasury Portfolio - Class I, 1.46% (b)
    
100
            
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (b)
    
100
            
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $18,330)
                  
18,330
  
 
                      
Total Investments (Cost $197,620,877) - 104.70%
                  
197,079,004
  
Liabilities in Excess of Other Assets - (4.70)%
                  
(8,852,481
)
TOTAL NET ASSETS - 100.00%
                
$
188,226,523
  
 
                      
           
Asset Type
  
% of Net Assets
                
Purchased Options
    
104.69
 %

         
Short Term Investments
    
0.01
  
           
Total Investments
    
104.70
  
           
Liabilities in Excess of Other Assets
    
(4.70
)
           
Net Assets
    
100.00
 %

         
 
                      
Percentages are stated as a percent of net assets.
                
   
(a) Exchange-Traded.
                      
(b) Represents annualized seven-day yield as of the end of the reporting period.
                      

 
Schedule of Options Written (a)
                    
January 31, 2020 (Unaudited)
                    
                             
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
12/31/2020
  
$
3,876.31
      
576
    
$
(185,789,952
)
  
$
(292,239
)
SPX S&P 500® Index
  
12/31/2020
    
3,504.83
      
576
      
(185,789,952
)
    
(3,277,649
)
XSP S&P 500® Mini Index
  
12/31/2020
    
387.63
      
53
      
(1,709,515
)
    
(2,689
)
XSP S&P 500® Mini Index
  
12/31/2020
    
350.48
      
53
      
(1,709,515
)
    
(30,164
)
                                 
(3,602,741
)
Put Options
                                    
SPX S&P 500® Index
  
12/31/2020
    
2,745.72
      
576
      
(185,789,952
)
    
(4,179,154
)
SPX S&P 500® Index
  
12/31/2020
    
1,938.16
      
1152
      
(371,579,904
)
    
(997,635
)
XSP S&P 500® Mini Index
  
12/31/2020
    
274.57
      
53
      
(1,709,515
)
    
(38,452
)
XSP S&P 500® Mini Index
  
12/31/2020
    
193.82
      
106
      
(3,419,030
)
    
(9,180
)
                                 
(5,224,421
)
Total Options Written (Premiums Received $9,211,898)
                           $
 (8,827,162 )

(a)  Exchange-Traded.
                               
 

Innovator S&P 500® Power Buffer ETF - February
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.04% (a)
                  
CALL OPTIONS - 78.88%
                  
SPX S&P 500® Index, Expires 01/29/2021, Strike Price $1,935.09
    
8
    
$
2,580,416
    
$
1,018,008
  
XSP S&P 500® Mini Index, Expires 01/29/2021, Strike Price $193.51
    
72
      
2,322,360
      
915,624
  
                     
1,933,632
  
PUT OPTIONS - 26.16%
                        
SPX S&P 500® Index, Expires 01/29/2021, Strike Price $3,870.18
    
4
      
1,290,208
      
257,112
  
SPX S&P 500® Index, Expires 01/29/2021, Strike Price $3,225.15
    
4
      
1,290,208
      
80,692
  
XSP S&P 500® Mini Index, Expires 01/29/2021, Strike Price $387.02
    
36
      
1,161,180
      
231,084
  
XSP S&P 500® Mini Index, Expires 01/29/2021, Strike Price $322.52
    
36
      
1,161,180
      
72,324
  
                     
641,212
  
TOTAL PURCHASED OPTIONS (Cost $2,575,140)
                    
2,574,844
  
 
                        
Total Investments (Cost $2,575,140) - 105.04%
                    
2,574,844
  
Liabilities in Excess of Other Assets - (5.04)%
                    
(123,510
)
TOTAL NET ASSETS - 100.00%
                  
$
2,451,334
  
 
                        
           
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.04
 %
 
         
Total Investments
    
105.04
    
           
Liabilities in Excess of Other Assets
    
(5.04
)
  
           
Net Assets
    
100.00
 %
 
         
 
                        
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
1/29/2021
  
$
3,870.18
    
4
    
$
(1,290,208
)
  
$
(2,376
)
SPX S&P 500® Index
  
1/29/2021
    
3,499.61
    
4
      
(1,290,208
)
    
(24,836
)
XSP S&P 500® Mini Index
  
1/29/2021
    
387.02
    
36
      
(1,161,180
)
    
(2,448
)
XSP S&P 500® Mini Index
  
1/29/2021
    
349.96
    
36
      
(1,161,180
)
    
(22,644
)
                               
(52,304
)
Put Options
                                  
SPX S&P 500® Index
  
1/29/2021
    
2,741.38
    
4
      
(1,290,208
)
    
(30,688
)
SPX S&P 500® Index
  
1/29/2021
    
1,935.09
    
8
      
(2,580,416
)
    
(6,400
)
XSP S&P 500® Mini Index
  
1/29/2021
    
274.14
    
36
      
(1,161,180
)
    
(27,936
)
XSP S&P 500® Mini Index
  
1/29/2021
    
193.51
    
72
      
(2,322,360
)
    
(6,408
)
                               
(71,432
)
Total Options Written (Premiums Received $123,366)
                             $
 (123,736 )
                                   
(a) Exchange-Traded.
  
 
                              

 
Innovator S&P 500® Power Buffer ETF -April
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.96% (a)
                  
CALL OPTIONS - 99.58%
                  
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $1,700.63
    
462
    
$
149,019,024
    
$
70,382,293
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $170.06
    
512
      
16,514,560
      
7,800,095
  
                     
78,182,388
  
PUT OPTIONS - 6.38%
                        
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $3,401.27
    
231
      
74,509,512
      
4,197,558
  
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $2,834.39
    
231
      
74,509,512
      
314,508
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $340.13
    
256
      
8,257,280
      
465,243
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $283.44
    
256
      
8,257,280
      
34,856
  
                     
5,012,165
  
TOTAL PURCHASED OPTIONS (Cost $85,811,064)
                    
83,194,553
  
                         
SHORT TERM INVESTMENTS - 0.01%
  
Shares
                  
MONEY MARKET FUNDS - 0.01%
                        
Fidelity Government Portfolio - Class I, 1.45% (b)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (b)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (b)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (b)
    
4,810
              
4,810
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (b)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (b)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (b)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $5,410)
                    
5,410
  
                         
Total Investments (Cost $85,816,474) - 105.97%
                    
83,199,963
  
Liabilities in Excess of Other Assets - (5.97)%
                    
(4,689,448
)
TOTAL NET ASSETS - 100.00%
                  
$
78,510,515
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.96
%
                
Short Term Investments
    
0.01
                  
Total Investments
    
105.97
                  
Liabilities in Excess of Other Assets
    
(5.97
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
3/31/2020
  
$
3,401.27
    
231
    
$
(74,509,512
)
  
$
(208,600
)
SPX S&P 500® Index
  
3/31/2020
    
3,135.12
    
231
      
(74,509,512
)
    
(3,397,117
)
XSP S&P 500® Mini Index
  
3/31/2020
    
340.13
    
256
      
(8,257,280
)
    
(23,105
)
XSP S&P 500® Mini Index
  
3/31/2020
    
313.51
    
256
      
(8,257,280
)
    
(376,515
)
                               
(4,005,337
)
Put Options
                                  
SPX S&P 500® Index
  
3/31/2020
    
2,409.23
    
231
      
(74,509,512
)
    
(61,089
)
SPX S&P 500® Index
  
3/31/2020
    
1,700.63
    
462
      
(149,019,024
)
    
(22,016
)
XSP S&P 500® Mini Index
  
3/31/2020
    
240.92
    
256
      
(8,257,280
)
    
(6,770
)
XSP S&P 500® Mini Index
  
3/31/2020
    
170.06
    
512
      
(16,514,560
)
    
(2,440
)
                               
(92,315
)
Total Options Written (Premiums Received $1,717,859)
                             $
 (4,097,652 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Power Buffer ETF - June
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
  
Notional Amount
    
Value
  
PURCHASED OPTIONS - 111.33% (a)
                
CALL OPTIONS - 105.74%
                
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $1,651.24
    
112
  
$
36,125,824
    
$
17,559,665
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $165.12
    
168
    
5,418,840
      
2,634,017
  
                   
20,193,682
  
PUT OPTIONS - 5.59%
                      
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $3,302.48
    
56
    
18,062,912
      
795,887
  
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $2,752.07
    
56
    
18,062,912
      
131,669
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $330.25
    
84
    
2,709,420
      
119,392
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $275.21
    
84
    
2,709,420
      
19,752
  
                   
1,066,700
  
TOTAL PURCHASED OPTIONS (Cost $21,805,853)
                  
21,260,382
  
                       
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                
MONEY MARKET FUNDS - 0.00% (b)
                      
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
            
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
            
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
            
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
161
            
161
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
            
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
            
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
            
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $761)
                  
761
  
                       
Total Investments (Cost $21,806,614) - 111.33%
                  
21,261,143
  
Liabilities in Excess of Other Assets - (11.33)%
                  
(2,164,064
)
TOTAL NET ASSETS - 100.00%
                
$
19,097,079
  
                       
Asset Type
  
% of Net Assets
                
Purchased Options
    
111.33
 %

         
Short Term Investments
    
0.00
 (b)

         
Total Investments
    
111.33
                
Liabilities in Excess of Other Assets
    
(11.33
)
              
Net Assets
    
100.00
 %

         
                       
Percentages are stated as a percent of net assets.
                
   
(a) Exchange-Traded.
                      
(b) Less than 0.005%.
                      
(c) Represents annualized seven-day yield as of the end of the reporting period.
                      

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
5/29/2020
  
$
3,302.48
    
56
    
$
(18,062,912
)
  
$
(385,099
)
SPX S&P 500® Index
  
5/29/2020
    
3,041.59
    
56
      
(18,062,912
)
    
(1,381,824
)
XSP S&P 500® Mini Index
  
5/29/2020
    
330.25
    
84
      
(2,709,420
)
    
(57,756
)
XSP S&P 500® Mini Index
  
5/29/2020
    
304.16
    
84
      
(2,709,420
)
    
(207,267
)
                               
(2,031,946
)
Put Options
                                  
SPX S&P 500® Index
  
5/29/2020
    
2,339.26
    
56
      
(18,062,912
)
    
(33,626
)
SPX S&P 500® Index
  
5/29/2020
    
1,651.24
    
112
      
(36,125,824
)
    
(11,468
)
XSP S&P 500® Mini Index
  
5/29/2020
    
233.93
    
84
      
(2,709,420
)
    
(5,045
)
XSP S&P 500® Mini Index
  
5/29/2020
    
165.12
    
168
      
(5,418,840
)
    
(1,720
)
                               
(51,859
)
Total Options Written (Premiums Received $679,019)
                            
 $
 (2,083,805 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Power Buffer ETF - July
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.50% (a)
                  
CALL OPTIONS - 93.73%
                  
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $1,764.80
    
534
    
$
172,242,768
    
$
77,596,933
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $176.48
    
20
      
645,100
      
290,625
  
                     
77,887,558
  
PUT OPTIONS - 11.77%
                        
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $3,529.61
    
267
      
86,121,384
      
8,266,480
  
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $2,941.34
    
267
      
86,121,384
      
1,472,732
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $352.96
    
10
      
322,550
      
30,960
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $294.13
    
10
      
322,550
      
5,515
  
                     
9,775,687
  
TOTAL PURCHASED OPTIONS (Cost $85,364,541)
                    
87,663,245
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
467
              
467
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $1,067)
                    
1,067
  
                         
Total Investments (Cost $85,365,608) - 105.50%
                    
87,664,312
  
Liabilities in Excess of Other Assets - (5.50)%
                    
(4,567,811
)
TOTAL NET ASSETS - 100.00%
                  
$
83,096,501
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.50
 %
 
         
Short Term Investments
    
0.00
    
         
Total Investments
    
105.50
    
           
Liabilities in Excess of Other Assets
    
(5.50
)
  
           
Net Assets
    
100.00
 %
 
         
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
                        
January 31, 2020 (Unaudited)
                        
                             
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
6/30/2020
  
$
3,529.61
    
267
    
$
(86,121,384
)
  
$
(292,156
)
SPX S&P 500® Index
  
6/30/2020
    
3,202.53
    
267
      
(86,121,384
)
    
(3,787,317
)
XSP S&P 500® Mini Index
  
6/30/2020
    
352.96
    
10
      
(322,550
)
    
(1,094
)
XSP S&P 500® Mini Index
  
6/30/2020
    
320.25
    
10
      
(322,550
)
    
(14,187
)
                               
(4,094,754
)
Put Options
                                  
SPX S&P 500® Index
  
6/30/2020
    
2,500.14
    
267
      
(86,121,384
)
    
(379,314
)
SPX S&P 500® Index
  
6/30/2020
    
1,764.80
    
534
      
(172,242,768
)
    
(90,578
)
XSP S&P 500® Mini Index
  
6/30/2020
    
250.01
    
10
      
(322,550
)
    
(1,420
)
XSP S&P 500® Mini Index
  
6/30/2020
    
176.48
    
20
      
(645,100
)
    
(339
)
                               
(471,651
)
Total Options Written (Premiums Received $2,843,742)
                             $
 (4,566,405 )
                                   
(a) Exchange-Traded.
                                  


Innovator S&P 500® Power Buffer ETF - August
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.26% (a)
                  
CALL OPTIONS - 91.58%
                  
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $1,788.09
    
658
    
$
212,239,216
    
$
94,178,250
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $178.81
    
332
      
10,708,660
      
4,751,819
  
                     
98,930,069
  
PUT OPTIONS - 13.68%
                        
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $3,576.18
    
329
      
106,119,608
      
11,685,605
  
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $2,980.15
    
329
      
106,119,608
      
2,382,279
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $357.62
    
166
      
5,354,330
      
589,637
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $298.02
    
166
      
5,354,330
      
120,216
  
                     
14,777,737
  
TOTAL PURCHASED OPTIONS (Cost $117,041,236)
                    
113,707,806
  
                         
SHORT TERM INVESTMENTS - 0.02%
  
Shares
                  
MONEY MARKET FUNDS - 0.02%
                        
Fidelity Government Portfolio - Class I, 1.45% (b)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (b)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (b)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (b)
    
25,372
              
25,372
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (b)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (b)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (b)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $25,972)
                    
25,972
  
                         
Total Investments (Cost $117,067,208) - 105.28%
                    
113,733,778
  
Liabilities in Excess of Other Assets - (5.28)%
                    
(5,702,286
)
TOTAL NET ASSETS - 100.00%
                  
$
108,031,492
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.26
 %
 
         
Short Term Investments
    
0.02
    
           
Total Investments
    
105.28
    
           
Liabilities in Excess of Other Assets
    
(5.28
)
  
           
Net Assets
    
100.00
 %
 
         
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
7/31/2020
  
$
3,576.18
    
329
    
$
(106,119,608
)
  
$
(338,093
)
SPX S&P 500® Index
  
7/31/2020
    
3,247.77
    
329
      
(106,119,608
)
    
(4,116,762
)
XSP S&P 500® Mini Index
  
7/31/2020
    
357.62
    
166
      
(5,354,330
)
    
(17,055
)
XSP S&P 500® Mini Index
  
7/31/2020
    
324.78
    
166
      
(5,354,330
)
    
(207,685
)
                               
(4,679,595
)
Put Options
                                  
SPX S&P 500® Index
  
7/31/2020
    
2,533.13
    
329
      
(106,119,608
)
    
(670,345
)
SPX S&P 500® Index
  
7/31/2020
    
1,788.09
    
658
      
(212,239,216
)
    
(147,950
)
XSP S&P 500® Mini Index
  
7/31/2020
    
253.31
    
166
      
(5,354,330
)
    
(33,820
)
XSP S&P 500® Mini Index
  
7/31/2020
    
178.81
    
332
      
(10,708,660
)
    
(7,465
)
                               
(859,580
)
Total Options Written (Premiums Received $3,313,749)
                             $
 (5,539,175 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Power Buffer ETF - September
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 107.28% (a)
                  
CALL OPTIONS - 94.97%
                  
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $1,755.36
    
116
    
$
37,416,032
    
$
16,931,624
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $175.54
    
58
      
1,870,790
      
846,558
  
                     
17,778,182
  
PUT OPTIONS - 12.31%
                        
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $3,510.72
    
58
      
18,708,016
      
1,777,592
  
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $2,925.60
    
58
      
18,708,016
      
417,621
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $351.07
    
29
      
935,395
      
88,875
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $292.56
    
29
      
935,395
      
20,881
  
                     
2,304,969
  
TOTAL PURCHASED OPTIONS (Cost $20,013,130)
                    
20,083,151
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
155
              
155
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $755)
                    
755
  
                         
Total Investments (Cost $20,013,885) - 107.28%
                    
20,083,906
  
Liabilities in Excess of Other Assets - (7.28)%
                    
(1,363,607
)
TOTAL NET ASSETS - 100.00%
                  
$
18,720,299
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
107.28
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
107.28
                  
Liabilities in Excess of Other Assets
    
(7.28
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
8/31/2020
  
$
3,510.72
    
58
    
$
(18,708,016
)
  
$
(143,116
)
SPX S&P 500® Index
  
8/31/2020
    
3,200.31
    
58
      
(18,708,016
)
    
(963,399
)
XSP S&P 500® Mini Index
  
8/31/2020
    
351.07
    
29
      
(935,395
)
    
(7,157
)
XSP S&P 500® Mini Index
  
8/31/2020
    
320.03
    
29
      
(935,395
)
    
(48,172
)
                               
(1,161,844
)
Put Options
                                  
SPX S&P 500® Index
  
8/31/2020
    
2,486.76
    
58
      
(18,708,016
)
    
(126,983
)
SPX S&P 500® Index
  
8/31/2020
    
1,755.36
    
116
      
(37,416,032
)
    
(30,364
)
XSP S&P 500® Mini Index
  
8/31/2020
    
248.68
    
29
      
(935,395
)
    
(6,350
)
XSP S&P 500® Mini Index
  
8/31/2020
    
175.54
    
58
      
(1,870,790
)
    
(1,518
)
                               
(165,215
)
Total Options Written (Premiums Received $834,105)
                             $
 (1,327,059 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Power Buffer ETF - October
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 106.49% (a)
                  
CALL OPTIONS - 91.94%
                  
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $1,786.04
    
1,858
    
$
599,301,616
    
$
265,126,478
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $178.60
    
82
      
2,644,910
      
1,170,127
  
                     
266,296,605
  
PUT OPTIONS - 14.55%
                        
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $3,572.08
    
929
      
299,650,808
      
33,476,267
  
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $2,976.73
    
929
      
299,650,808
      
8,459,785
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $357.21
    
41
      
1,322,455
      
147,749
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $297.67
    
41
      
1,322,455
      
37,333
  
                     
42,121,134
  
TOTAL PURCHASED OPTIONS (Cost $290,055,312)
                    
308,417,739
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
2,401
              
2,401
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $3,001)
                    
3,001
  
                         
Total Investments (Cost $290,058,313) - 106.49%
                    
308,420,740
  
Liabilities in Excess of Other Assets - (6.49)%
                    
(18,783,720
)
TOTAL NET ASSETS - 100.00%
                  
$
289,637,020
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
106.49
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
106.49
                  
Liabilities in Excess of Other Assets
    
(6.49
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
9/30/2020
  
$
3,572.08
      
929
    
$
(299,650,808
)
  
$
(1,805,806
)
SPX S&P 500® Index
  
9/30/2020
    
3,250.59
      
929
      
(299,650,808
)
    
(13,539,292
)
XSP S&P 500® Mini Index
  
9/30/2020
    
357.21
      
41
      
(1,322,455
)
    
(7,968
)
XSP S&P 500® Mini Index
  
9/30/2020
    
325.06
      
41
      
(1,322,455
)
    
(59,751
)
                                 
(15,412,817
)
Put Options
                                    
SPX S&P 500® Index
  
9/30/2020
    
2,530.22
      
929
      
(299,650,808
)
    
(2,734,015
)
SPX S&P 500® Index
  
9/30/2020
    
1,786.04
      
1,858
      
(599,301,616
)
    
(598,343
)
XSP S&P 500® Mini Index
  
9/30/2020
    
253.02
      
41
      
(1,322,455
)
    
(12,066
)
XSP S&P 500® Mini Index
  
9/30/2020
    
178.60
      
82
      
(2,644,910
)
    
(2,640
)
                                 
(3,347,064
)
Total Options Written (Premiums Received $16,008,404)
                           $
 (18,759,881 )
                                     
(a) Exchange-Traded.
                                    

 
Innovator S&P 500® Power Buffer ETF - November
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 106.15% (a)
                  
CALL OPTIONS - 88.81%
                  
SPX S&P 500® Index, Expires 10/30/2020, Strike Price $1,822.59
    
292
    
$
94,185,184
    
$
40,602,897
  
XSP S&P 500® Mini Index, Expires 10/30/2020, Strike Price $182.26
    
146
      
4,709,230
      
2,030,131
  
                     
42,633,028
  
PUT OPTIONS - 17.34%
                        
SPX S&P 500® Index, Expires 10/30/2020, Strike Price $3,645.18
    
146
      
47,092,592
      
6,237,994
  
SPX S&P 500® Index, Expires 10/30/2020, Strike Price $3,037.65
    
146
      
47,092,592
      
1,690,050
  
XSP S&P 500® Mini Index, Expires 10/30/2020, Strike Price $364.52
    
73
      
2,354,615
      
311,912
  
XSP S&P 500® Mini Index, Expires 10/30/2020, Strike Price $303.77
    
73
      
2,354,615
      
84,512
  
                     
8,324,468
  
TOTAL PURCHASED OPTIONS (Cost $49,783,943)
                    
50,957,496
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
46
              
46
  
TOTAL SHORT TERM INVESTMENTS (Cost $46)
                    
46
  
                         
Total Investments (Cost $49,783,989) - 106.15%
                    
50,957,542
  
Liabilities in Excess of Other Assets - (6.15)%
                    
(2,951,311
)
TOTAL NET ASSETS - 100.00%
                  
$
48,006,231
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
106.15
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
106.15
                  
Liabilities in Excess of Other Assets
    
(6.15
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
10/30/2020
  
$
3,645.18
    
146
    
$
(47,092,592
)
  
$
(213,650
)
SPX S&P 500® Index
  
10/30/2020
    
3,303.44
    
146
      
(47,092,592
)
    
(1,854,420
)
XSP S&P 500® Mini Index
  
10/30/2020
    
365.52
    
73
      
(2,354,615
)
    
(10,681
)
XSP S&P 500® Mini Index
  
10/30/2020
    
330.34
    
73
      
(2,354,615
)
    
(92,737
)
                               
(2,171,488
)
Put Options
                                  
SPX S&P 500® Index
  
10/30/2020
    
2,582.00
    
146
      
(47,092,592
)
    
(578,465
)
SPX S&P 500® Index
  
10/30/2020
    
1,822.59
    
292
      
(94,185,184
)
    
(128,666
)
XSP S&P 500® Mini Index
  
10/30/2020
    
258.20
    
73
      
(2,354,615
)
    
(28,923
)
XSP S&P 500® Mini Index
  
10/30/2020
    
182.26
    
146
      
(4,709,230
)
    
(6,434
)
                               
(742,488
)
Total Options Written (Premiums Received $2,493,460)
                             $
 (2,913,976 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Power Buffer ETF - December
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.09% (a)
                  
CALL OPTIONS - 83.11%
                  
SPX S&P 500® Index, Expires 11/30/2020, Strike Price $1,884.92
    
388
    
$
125,150,176
    
$
51,501,377
  
XSP S&P 500® Mini Index, Expires 11/30/2020, Strike Price $188.49
    
194
      
6,257,470
      
2,575,106
  
                     
54,076,483
  
PUT OPTIONS - 21.98%
                        
SPX S&P 500® Index, Expires 11/30/2020, Strike Price $3,769.84
    
194
      
62,575,088
      
10,578,019
  
SPX S&P 500® Index, Expires 11/30/2020, Strike Price $3,141.53
    
194
      
62,575,088
      
3,042,722
  
XSP S&P 500® Mini Index, Expires 11/30/2020, Strike Price $376.98
    
97
      
3,128,735
      
528,865
  
XSP S&P 500® Mini Index, Expires 11/30/2020, Strike Price $314.15
    
97
      
3,128,735
      
152,127
  
                     
14,301,733
  
TOTAL PURCHASED OPTIONS (Cost $68,100,181)
                    
68,378,216
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
14
              
14
  
TOTAL SHORT TERM INVESTMENTS (Cost $14)
                    
14
  
                         
Total Investments (Cost $68,100,195) - 105.09%
                    
68,378,230
  
Liabilities in Excess of Other Assets - (5.09)%
                    
(3,310,494
)
TOTAL NET ASSETS - 100.00%
                  
$
65,067,736
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.09
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
105.09
                  
Liabilities in Excess of Other Assets
    
(5.09
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
11/30/2020
  
$
3,769.84
    
194
    
$
(62,575,088
)
  
$
(155,587
)
SPX S&P 500® Index
  
11/30/2020
    
3,412.80
    
194
      
(62,575,088
)
    
(1,632,264
)
XSP S&P 500® Mini Index
  
11/30/2020
    
376.98
    
97
      
(3,128,735
)
    
(7,781
)
XSP S&P 500® Mini Index
  
11/30/2020
    
341.28
    
97
      
(3,128,735
)
    
(81,613
)
                               
(1,877,245
)
Put Options
                                  
SPX S&P 500® Index
  
11/30/2020
    
2,670.30
    
194
      
(62,575,088
)
    
(1,101,195
)
SPX S&P 500® Index
  
11/30/2020
    
1,884.92
    
388
      
(125,150,176
)
    
(254,752
)
XSP S&P 500® Mini Index
  
11/30/2020
    
267.03
    
97
      
(3,128,735
)
    
(55,060
)
XSP S&P 500® Mini Index
  
11/30/2020
    
188.49
    
194
      
(6,257,470
)
    
(12,737
)
                               
(1,423,744
)
Total Options Written (Premiums Received $3,232,591)
                             $
 (3,300,989 )
                                   
(a) Exchange-Traded.
                                  

 
Innnovator S&P 500® Ultra Buffer ETF - January
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 103.17% (a)
                  
CALL OPTIONS - 78.83%
                  
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $1,938.17
    
384
    
$
123,859,968
    
$
48,967,276
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $193.83
    
84
      
2,709,420
      
1,071,055
  
                     
50,038,331
  
PUT OPTIONS - 24.34%
                        
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $3,876.33
    
192
      
61,929,984
      
12,381,693
  
SPX S&P 500® Index, Expires 12/31/2020, Strike Price $3,068.75
    
192
      
61,929,984
      
2,740,511
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $387.65
    
42
      
1,354,710
      
270,918
  
XSP S&P 500® Mini Index, Expires 12/31/2020, Strike Price $306.87
    
42
      
1,354,710
      
59,943
  
                     
15,453,065
  
TOTAL PURCHASED OPTIONS (Cost $65,714,338)
                    
65,491,396
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
545
              
545
  
TOTAL SHORT TERM INVESTMENTS (Cost $545)
                    
545
  
                         
Total Investments (Cost $65,714,883) - 103.17%
                    
65,491,941
  
Liabilities in Excess of Other Assets - (3.17)%
                    
(2,012,313
)
TOTAL NET ASSETS - 100.00%
                  
$
63,479,628
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
103.17
 %
 
         
Short Term Investments
    
0.00
 (b)
 
         
Total Investments
    
103.17
    
           
Liabilities in Excess of Other Assets
    
(3.17
)
  
           
Net Assets
    
100.00
 %
 
         
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
12/31/2020
  
$
3,876.33
    
192
    
$
(61,929,984
)
  
$
(97,400
)
SPX S&P 500® Index
  
12/31/2020
    
3,478.99
    
192
      
(61,929,984
)
    
(1,265,377
)
XSP S&P 500® Mini Index
  
12/31/2020
    
387.65
    
42
      
(1,354,710
)
    
(2,128
)
XSP S&P 500® Mini Index
  
12/31/2020
    
347.90
    
42
      
(1,354,710
)
    
(27,679
)
                               
(1,392,584
)
Put Options
                                  
SPX S&P 500® Index
  
12/31/2020
    
2,099.67
    
192
      
(61,929,984
)
    
(262,785
)
SPX S&P 500® Index
  
12/31/2020
    
1,938.17
    
384
      
(123,859,968
)
    
(332,554
)
XSP S&P 500® Mini Index
  
12/31/2020
    
209.97
    
42
      
(1,354,710
)
    
(5,749
)
XSP S&P 500® Mini Index
  
12/31/2020
    
193.83
    
84
      
(2,709,420
)
    
(7,277
)
                               
(608,365
)
Total Options Written (Premiums Received $2,200,869)
                             $
 (2,000,949 )
                                   
(a) Exchange-Traded.
  
 
                              

 
Innnovator S&P 500® Ultra Buffer ETF - February
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 103.42% (a)
                  
CALL OPTIONS - 78.87%
                  
SPX S&P 500® Index, Expires 1/29/2021, Strike Price $1,935.10
    
8
    
$
2,580,416
    
$
1,017,968
  
XSP S&P 500® Mini Index, Expires 1/29/2021, Strike Price $193.52
    
72
      
2,322,360
      
915,480
  
                     
1,933,448
  
PUT OPTIONS - 24.55%
                        
SPX S&P 500® Index, Expires 1/29/2021, Strike Price $3,870.20
    
4
      
1,290,208
      
257,104
  
SPX S&P 500® Index, Expires 1/29/2021, Strike Price $3,063.89
    
4
      
1,290,208
      
59,876
  
XSP S&P 500® Mini Index, Expires 1/29/2021, Strike Price $387.04
    
36
      
1,161,180
      
231,120
  
XSP S&P 500® Mini Index, Expires 1/29/2021, Strike Price $306.39
    
36
      
1,161,180
      
53,604
  
                     
601,704
  
TOTAL PURCHASED OPTIONS (Cost $2,535,448)
                    
2,535,152
  
                         
Total Investments (Cost $2,535,448) - 103.42%
                    
2,535,152
  
Liabilities in Excess of Other Assets - (3.42)%
                    
(83,818
)
TOTAL NET ASSETS - 100.00%
                  
$
2,451,334
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
103.42
 %
 
         
Total Investments
    
103.42
    
           
Liabilities in Excess of Other Assets
    
(3.42
)
  
           
Net Assets
    
100.00
 %
 
         
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        

 
Schedule of Options Written (a)
                            
January 31, 2020 (Unaudited)
                            
                             
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
1/29/2021
  
$
3,870.20
    
4
    
$
(1,290,208
)
  
$
(2,392
)
SPX S&P 500® Index
  
1/29/2021
    
3,469.94
    
4
      
(1,290,208
)
    
(29,148
)
XSP S&P 500® Mini Index
  
1/29/2021
    
387.04
    
36
      
(1,161,180
)
    
(2,448
)
XSP S&P 500® Mini Index
  
1/29/2021
    
346.99
    
36
      
(1,161,180
)
    
(26,532
)
                               
(60,520
)
Put Options
                                  
SPX S&P 500® Index
  
1/29/2021
    
2,096.35
    
4
      
(1,290,208
)
    
(5,464
)
SPX S&P 500® Index
  
1/29/2021
    
1,935.10
    
8
      
(2,580,416
)
    
(6,432
)
XSP S&P 500® Mini Index
  
1/29/2021
    
209.63
    
36
      
(1,161,180
)
    
(5,220
)
XSP S&P 500® Mini Index
  
1/29/2021
    
193.52
    
72
      
(2,322,360
)
    
(6,408
)
                               
(23,524
)
Total Options Written (Premiums Received $83,674)
                             $
 (84,044 )
                                   
(a) Exchange-Traded.
                                  


Innovator S&P 500® Ultra Buffer ETF -April
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.79% (a)
                  
CALL OPTIONS - 99.61%
                  
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $1,700.64
    
110
    
$
35,480,720
    
$
16,757,580
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $170.07
    
106
      
3,419,030
      
1,614,758
  
                     
18,372,338
  
PUT OPTIONS - 6.18%
                        
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $3,401.29
    
55
      
17,740,360
      
999,503
  
SPX S&P 500® Index, Expires 3/31/2020, Strike Price $2,692.67
    
55
      
17,740,360
      
40,041
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $340.15
    
53
      
1,709,515
      
96,402
  
XSP S&P 500® Mini Index, Expires 3/31/2020, Strike Price $269.27
    
53
      
1,709,515
      
3,859
  
                     
1,139,805
  
TOTAL PURCHASED OPTIONS (Cost $19,868,612)
                    
19,512,143
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
44
              
44
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $344)
                    
344
  
                         
Total Investments (Cost $19,868,956) - 105.79%
                    
19,512,487
  
Liabilities in Excess of Other Assets - (5.79)%
                    
(1,068,736
)
TOTAL NET ASSETS - 100.00%
                  
$
18,443,751
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.79
 %
 
         
Short Term Investments
    
0.00
 (b)
 
         
Total Investments
    
105.79
    
           
Liabilities in Excess of Other Assets
    
(5.79
)
  
           
Net Assets
    
100.00
 %
 
         
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
3/31/2020
  
$
3,401.29
    
55
    
$
(17,740,360
)
  
$
(49,648
)
SPX S&P 500® Index
  
3/31/2020
    
3,133.90
    
55
      
(17,740,360
)
    
(813,790
)
XSP S&P 500® Mini Index
  
3/31/2020
    
340.15
    
53
      
(1,709,515
)
    
(4,766
)
XSP S&P 500® Mini Index
  
3/31/2020
    
313.39
    
53
      
(1,709,515
)
    
(78,420
)
                               
(946,624
)
Put Options
                                  
SPX S&P 500® Index
  
3/31/2020
    
1,842.35
    
55
      
(17,740,360
)
    
(3,821
)
SPX S&P 500® Index
  
3/31/2020
    
1,700.64
    
110
      
(35,480,720
)
    
(5,242
)
XSP S&P 500® Mini Index
  
3/31/2020
    
184.24
    
53
      
(1,709,515
)
    
(368
)
XSP S&P 500® Mini Index
  
3/31/2020
    
170.07
    
106
      
(3,419,030
)
    
(505
)
                               
(9,936
)
Total Options Written (Premiums Received $332,056)
                             $
 (956,560 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Ultra Buffer ETF - June
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 110.81% (a)
                  
CALL OPTIONS - 105.53%
                  
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $1,651.25
    
12
    
$
3,870,624
    
$
1,881,381
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $165.13
    
12
      
387,060
      
188,132
  
                     
2,069,513
  
PUT OPTIONS - 5.28%
                        
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $3,302.50
    
6
      
1,935,312
      
85,280
  
SPX S&P 500® Index, Expires 5/29/2020, Strike Price $2,614.47
    
6
      
1,935,312
      
8,768
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $330.27
    
6
      
193,530
      
8,534
  
XSP S&P 500® Mini Index, Expires 5/29/2020, Strike Price $261.45
    
6
      
193,530
      
877
  
                     
103,459
  
TOTAL PURCHASED OPTIONS (Cost $1,870,154)
                    
2,172,972
  
                         
SHORT TERM INVESTMENTS - 0.08%
  
Shares
                  
MONEY MARKET FUNDS - 0.08%
                        
Fidelity Government Portfolio - Class I, 1.45% (b)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (b)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (b)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (b)
    
1,048
              
1,048
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (b)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (b)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (b)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $1,648)
                    
1,648
  
                         
Total Investments (Cost $1,871,802) - 110.89%
                    
2,174,620
  
Liabilities in Excess of Other Assets  - (10.89) %
                    
(213,577
)
TOTAL NET ASSETS - 100.00%
                  
$
1,961,043
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
110.81
%
                
Short Term Investments
    
0.08
                  
Total Investments
    
110.89
                  
Liabilities in Excess of Other Assets
    
(10.89
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
5/29/2020
  
$
3,302.50
    
6
    
$
(1,935,312
)
  
$
(41,255
)
SPX S&P 500® Index
  
5/29/2020
    
3,034.43
    
6
      
(1,935,312
)
    
(151,506
)
XSP S&P 500® Mini Index
  
5/29/2020
    
330.27
    
6
      
(193,530
)
    
(4,119
)
XSP S&P 500® Mini Index
  
5/29/2020
    
303.44
    
6
      
(193,530
)
    
(15,152
)
                               
(212,032
)
Put Options
                                  
SPX S&P 500® Index
  
5/29/2020
    
1,788.85
    
6
      
(1,935,312
)
    
(861
)
SPX S&P 500® Index
  
5/29/2020
    
1,651.25
    
12
      
(3,870,624
)
    
(1,229
)
XSP S&P 500® Mini Index
  
5/29/2020
    
178.88
    
6
      
(193,530
)
    
(86
)
XSP S&P 500® Mini Index
  
5/29/2020
    
165.13
    
12
      
(387,060
)
    
(123
)
                               
(2,299
)
Total Options Written (Premiums Received $106,849)
                             $
 (214,334 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Ultra Buffer ETF - July
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.47% (a)
                  
CALL OPTIONS - 94.27%
                  
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $1,764.81
    
210
    
$
67,735,920
    
$
30,515,441
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $176.49
    
30
      
967,650
      
435,908
  
                     
30,951,349
  
PUT OPTIONS - 11.20%
                        
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $3,529.63
    
105
      
33,867,960
      
3,251,048
  
SPX S&P 500® Index, Expires 6/30/2020, Strike Price $2,794.27
    
105
      
33,867,960
      
374,440
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $352.98
    
15
      
483,825
      
46,466
  
XSP S&P 500® Mini Index, Expires 6/30/2020, Strike Price $279.43
    
15
      
483,825
      
5,350
  
                     
3,677,304
  
TOTAL PURCHASED OPTIONS (Cost $31,534,169)
                    
34,628,653
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
185
              
185
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $785)
                    
785
  
                         
Total Investments (Cost $31,534,954) - 105.47%
                    
34,629,438
  
Liabilities in Excess of Other Assets - (5.47)%
                    
(1,796,418
)
TOTAL NET ASSETS - 100.00%
                  
$
32,833,020
  
                         
           
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.47
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
105.47
                  
Liabilities in Excess of Other Assets
    
(5.47
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
6/30/2020
  
$
3,529.63
    
105
    
$
(33,867,960
)
  
$
(114,870
)
SPX S&P 500® Index
  
6/30/2020
    
3,189.88
    
105
      
(33,867,960
)
    
(1,582,795
)
XSP S&P 500® Mini Index
  
6/30/2020
    
352.98
    
15
      
(483,825
)
    
(1,638
)
XSP S&P 500® Mini Index
  
6/30/2020
    
318.99
    
15
      
(483,825
)
    
(22,609
)
                               
(1,721,912
)
Put Options
                                  
SPX S&P 500® Index
  
6/30/2020
    
1,911.87
    
105
      
(33,867,960
)
    
(26,054
)
SPX S&P 500® Index
  
6/30/2020
    
1,764.81
    
210
      
(67,735,920
)
    
(35,622
)
XSP S&P 500® Mini Index
  
6/30/2020
    
191.19
    
15
      
(483,825
)
    
(372
)
XSP S&P 500® Mini Index
  
6/30/2020
    
176.49
    
30
      
(967,650
)
    
(509
)
                               
(62,557
)
Total Options Written (Premiums Received $1,028,839)
                             $
 (1,784,469 )
                                   
(a) Exchange-Traded.
                                  

 

Innovator S&P 500® Ultra Buffer ETF - August
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 104.49% (a)
                  
CALL OPTIONS - 91.57%
                  
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $1,788.10
    
92
    
$
29,674,784
    
$
13,167,691
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $178.82
    
34
      
1,096,670
      
486,599
  
                     
13,654,290
  
PUT OPTIONS - 12.92%
                        
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $3,576.20
    
46
      
14,837,392
      
1,633,935
  
SPX S&P 500® Index, Expires 7/31/2020, Strike Price $2,831.14
    
46
      
14,837,392
      
223,343
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $357.64
    
17
      
548,335
      
60,414
  
XSP S&P 500® Mini Index, Expires 7/31/2020, Strike Price $283.11
    
17
      
548,335
      
8,253
  
                     
1,925,945
  
TOTAL PURCHASED OPTIONS (Cost $15,677,276)
                    
15,580,235
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
89
              
89
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $689)
                    
689
  
                         
Total Investments (Cost $15,677,965) - 104.49%
                    
15,580,924
  
Liabilities in Excess of Other Assets - (4.49)%
                    
(669,701
)
TOTAL NET ASSETS - 100.00%
                  
$
14,911,223
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
104.49
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
104.49
                  
Liabilities in Excess of Other Assets
    
(4.49
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
                            
January 31, 2020 (Unaudited)
                            
                             
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
7/31/2020
  
$
3,576.20
    
46
    
$
(14,837,392
)
  
$
(47,262
)
SPX S&P 500® Index
  
7/31/2020
    
3,246.28
    
46
      
(14,837,392
)
    
(579,799
)
XSP S&P 500® Mini Index
  
7/31/2020
    
357.64
    
17
      
(548,335
)
    
(1,743
)
XSP S&P 500® Mini Index
  
7/31/2020
    
324.63
    
17
      
(548,335
)
    
(21,425
)
                               
(650,229
)
Put Options
                                  
SPX S&P 500® Index
  
7/31/2020
    
1,937.10
    
46
      
(14,837,392
)
    
(15,692
)
SPX S&P 500® Index
  
7/31/2020
    
1,788.10
    
92
      
(29,674,784
)
    
(20,687
)
XSP S&P 500® Mini Index
  
7/31/2020
    
193.71
    
17
      
(548,335
)
    
(580
)
XSP S&P 500® Mini Index
  
7/31/2020
    
178.82
    
34
      
(1,096,670
)
    
(765
)
                               
(37,724
)
Total Options Written (Premiums Received $293,439)
                            
$
(687,953
)
                                   
(a) Exchange-Traded.
                                  

Innovator S&P 500® Ultra Buffer ETF - September
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 107.45% (a)
                  
CALL OPTIONS - 95.77%
                  
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $1,755.37
    
24
    
$
7,741,248
    
$
3,503,071
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $175.55
    
10
      
322,550
      
145,949
  
                     
3,649,020
  
PUT OPTIONS - 11.68%
                        
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $3,510.74
    
12
      
3,870,624
      
367,797
  
SPX S&P 500® Index, Expires 8/31/2020, Strike Price $2,779.32
    
12
      
3,870,624
      
59,415
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $351.09
    
5
      
161,275
      
15,331
  
XSP S&P 500® Mini Index, Expires 8/31/2020, Strike Price $277.93
    
5
      
161,275
      
2,476
  
                     
445,019
  
TOTAL PURCHASED OPTIONS (Cost $4,053,501)
                    
4,094,039
  
                         
SHORT TERM INVESTMENTS - 0.02%
  
Shares
                  
MONEY MARKET FUNDS - 0.02%
                        
Fidelity Government Portfolio - Class I, 1.45% (b)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (b)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (b)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (b)
    
116
              
116
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (b)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (b)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (b)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $716)
                    
716
  
                         
Total Investments (Cost $4,054,217) - 107.47%
                    
4,094,755
  
Liabilities in Excess of Other Assets - (7.47)%
                    
(284,503
)
TOTAL NET ASSETS - 100.00%
                  
$
3,810,252
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
107.45
%
                
Short Term Investments
    
0.02
                  
Total Investments
    
107.47
                  
Liabilities in Excess of Other Assets
    
(7.47
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
8/31/2020
  
$
3,510.74
    
12
    
$
(3,870,624
)
  
$
(29,606
)
SPX S&P 500® Index
  
8/31/2020
    
3,161.40
    
12
      
(3,870,624
)
    
(230,555
)
XSP S&P 500® Mini Index
  
8/31/2020
    
351.09
    
5
      
(161,275
)
    
(1,232
)
XSP S&P 500® Mini Index
  
8/31/2020
    
316.14
    
5
      
(161,275
)
    
(9,607
)
                               
(271,000
)
Put Options
                                  
SPX S&P 500® Index
  
8/31/2020
    
1,901.64
    
12
      
(3,870,624
)
    
(4,659
)
SPX S&P 500® Index
  
8/31/2020
    
1,755.37
    
24
      
(7,741,248
)
    
(6,282
)
XSP S&P 500® Mini Index
  
8/31/2020
    
190.16
    
5
      
(161,275
)
    
(194
)
XSP S&P 500® Mini Index
  
8/31/2020
    
175.55
    
10
      
(322,550
)
    
(262
)
                               
(11,397
)
Total Options Written (Premiums Received $133,849)
                             $
 (282,397 )
                                   
(a) Exchange-Traded.
                                  

 

Innovator S&P 500® Ultra Buffer ETF - October
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 106.58% (a)
                  
CALL OPTIONS - 92.62%
                  
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $1,786.05
    
780
    
$
251,590,560
    
$
110,933,940
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $178.61
    
10
      
322,550
      
142,689
  
                     
111,076,629
  
PUT OPTIONS - 13.96%
                        
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $3,572.10
    
390
      
125,795,280
      
14,212,770
  
SPX S&P 500® Index, Expires 9/30/2020, Strike Price $2,827.89
    
390
      
125,795,280
      
2,514,720
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $357.23
    
5
      
161,275
      
18,026
  
XSP S&P 500® Mini Index, Expires 9/30/2020, Strike Price $282.79
    
5
      
161,275
      
3,193
  
                     
16,748,709
  
TOTAL PURCHASED OPTIONS (Cost $123,604,919)
                    
127,825,338
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
323
              
323
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $923)
                    
923
  
                         
Total Investments (Cost $123,605,842) - 106.58%
                    
127,826,261
  
Liabilities in Excess of Other Assets - (6.58)%
                    
(7,895,812
)
TOTAL NET ASSETS - 100.00%
                  
$
119,930,449
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
106.58
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
106.58
                  
Liabilities in Excess of Other Assets
    
(6.58
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        


Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
9/30/2020
  
$
3,572.10
    
390
    
$
(125,795,280
)
  
$
(737,490
)
SPX S&P 500® Index
  
9/30/2020
    
3,205.94
    
390
      
(125,795,280
)
    
(6,662,370
)
XSP S&P 500® Mini Index
  
9/30/2020
    
357.23
    
5
      
(161,275
)
    
(970
)
XSP S&P 500® Mini Index
  
9/30/2020
    
320.59
    
5
      
(161,275
)
    
(8,686
)
                               
(7,409,516
)
Put Options
                                  
SPX S&P 500® Index
  
9/30/2020
    
1,934.87
    
390
      
(125,795,280
)
    
(212,160
)
SPX S&P 500® Index
  
9/30/2020
    
1,786.05
    
780
      
(251,590,560
)
    
(273,000
)
XSP S&P 500® Mini Index
  
9/30/2020
    
193.49
    
5
      
(161,275
)
    
(259
)
XSP S&P 500® Mini Index
  
9/30/2020
    
178.61
    
10
      
(322,550
)
    
(322
)
                               
(485,741
)
Total Options Written (Premiums Received $4,437,941)
                             $
 (7,895,257 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator S&P 500® Ultra Buffer ETF - November
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.66% (a)
                  
CALL OPTIONS - 89.28%
                  
SPX S&P 500® Index, Expires 10/30/2020, Strike Price $1,822.60
    
48
    
$
15,482,496
    
$
6,674,402
  
XSP S&P 500® Mini Index, Expires 10/30/2020, Strike Price $182.27
    
24
      
774,120
      
333,697
  
                     
7,008,099
  
PUT OPTIONS - 16.38%
                        
SPX S&P 500® Index, Expires 10/30/2020, Strike Price $3,645.20
    
24
      
7,741,248
      
1,025,465
  
SPX S&P 500® Index, Expires 10/30/2020, Strike Price $2,885.77
    
24
      
7,741,248
      
198,788
  
XSP S&P 500® Mini Index, Expires 10/30/2020, Strike Price $364.54
    
12
      
387,060
      
51,294
  
XSP S&P 500® Mini Index, Expires 10/30/2020, Strike Price $288.58
    
12
      
387,060
      
9,940
  
                     
1,285,487
  
TOTAL PURCHASED OPTIONS (Cost $8,087,981)
                    
8,293,586
  
                         
Total Investments (Cost $8,087,981) - 105.66%
                    
8,293,586
  
Liabilities in Excess of Other Assets - (5.66)%
                    
(444,539
)
TOTAL NET ASSETS - 100.00%
                  
$
7,849,047
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.66
%
                
Total Investments
    
105.66
                  
Liabilities in Excess of Other Assets
    
(5.66
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
10/30/2020
  
$
3,645.20
    
24
    
$
(7,741,248
)
  
$
(35,115
)
SPX S&P 500® Index
  
10/30/2020
    
3,275.50
    
24
      
(7,741,248
)
    
(342,925
)
XSP S&P 500® Mini Index
  
10/30/2020
    
364.54
    
12
      
(387,060
)
    
(1,753
)
XSP S&P 500® Mini Index
  
10/30/2020
    
327.55
    
12
      
(387,060
)
    
(17,146
)
                               
(396,939
)
Put Options
                                  
SPX S&P 500® Index
  
10/30/2020
    
1,974.47
    
24
      
(7,741,248
)
    
(16,931
)
SPX S&P 500® Index
  
10/30/2020
    
1,822.60
    
48
      
(15,482,496
)
    
(21,151
)
XSP S&P 500® Mini Index
  
10/30/2020
    
197.45
    
12
      
(387,060
)
    
(847
)
XSP S&P 500® Mini Index
  
10/30/2020
    
182.27
    
24
      
(774,120
)
    
(1,058
)
                               
(39,987
)
Total Options Written (Premiums Received $298,657)
                             $
 (436,926 )
                                   
(a) Exchange-Traded.
                                  

 

Innovator S&P 500® Ultra Buffer ETF - December
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 104.26% (a)
                  
CALL OPTIONS - 83.51%
                  
SPX S&P 500® Index, Expires 11/30/2020, Strike Price $1,884.93
    
76
    
$
24,513,952
    
$
10,087,825
  
XSP S&P 500® Mini Index, Expires 11/30/2020, Strike Price $188.50
    
38
      
1,225,690
      
504,366
  
                     
10,592,191
  
PUT OPTIONS - 20.75%
                        
SPX S&P 500® Index, Expires 11/30/2020, Strike Price $3,769.86
    
38
      
12,256,976
      
2,072,053
  
SPX S&P 500® Index, Expires 11/30/2020, Strike Price $2,984.45
    
38
      
12,256,976
      
433,802
  
XSP S&P 500® Mini Index, Expires 11/30/2020, Strike Price $377.00
    
19
      
612,845
      
103,627
  
XSP S&P 500® Mini Index, Expires 11/30/2020, Strike Price $298.45
    
19
      
612,845
      
21,692
  
                     
2,631,174
  
TOTAL PURCHASED OPTIONS (Cost $13,086,953)
                    
13,223,365
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
13
              
13
  
TOTAL SHORT TERM INVESTMENTS (Cost $13)
                    
13
  
                         
Total Investments (Cost $13,086,966) - 104.26%
                    
13,223,378
  
Liabilities in Excess of Other Assets - (4.26)%
                    
(540,167
)
TOTAL NET ASSETS - 100.00%
                  
$
12,683,211
  
                         
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
104.26
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
104.26
                  
Liabilities in Excess of Other Assets
    
(4.26
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
SPX S&P 500® Index
  
11/30/2020
  
$
3,769.86
    
38
    
$
(12,256,976
)
  
$
(30,472
)
SPX S&P 500® Index
  
11/30/2020
    
3,372.72
    
38
      
(12,256,976
)
    
(389,936
)
XSP S&P 500® Mini Index
  
11/30/2020
    
377.00
    
19
      
(612,845
)
    
(1,522
)
XSP S&P 500® Mini Index
  
11/30/2020
    
337.27
    
19
      
(612,845
)
    
(19,499
)
                               
(441,429
)
Put Options
                                  
SPX S&P 500® Index
  
11/30/2020
    
2,041.99
    
38
      
(12,256,976
)
    
(39,569
)
SPX S&P 500® Index
  
11/30/2020
    
1,884.93
    
76
      
(24,513,952
)
    
(49,901
)
XSP S&P 500® Mini Index
  
11/30/2020
    
204.20
    
19
      
(612,845
)
    
(1,978
)
XSP S&P 500® Mini Index
  
11/30/2020
    
188.50
    
38
      
(1,225,690
)
    
(2,496
)
                               
(93,944
)
Total Options Written (Premiums Received $463,914)
                             $
 (535,373 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator MSCI EAFE Power Buffer ETF - January
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 102.49% (a)
                  
CALL OPTIONS - 71.77%
                  
MXEA MSCI EAFE Index, Expires 12/31/2020, Strike Price $1,221.60
    
174
    
$
34,690,728
    
$
12,576,894
  
                     
12,576,894
  
PUT OPTIONS - 30.72%
                        
MXEA MSCI EAFE Index, Expires 12/31/2020, Strike Price $2,443.20
    
87
      
17,345,364
      
4,179,741
  
MXEA MSCI EAFE Index, Expires 12/31/2020, Strike Price $2,036.00
    
87
      
17,345,364
      
1,203,993
  
                     
5,383,734
  
TOTAL PURCHASED OPTIONS (Cost $18,197,359)
                    
17,960,628
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
3
              
3
  
TOTAL SHORT TERM INVESTMENTS (Cost $3)
                    
3
  
                         
Total Investments (Cost $18,197,362) - 102.49%
                    
17,960,631
  
Liabilities in Excess of Other Assets - (2.49)%
                    
(436,671
)
TOTAL NET ASSETS - 100.00%
                  
$
17,523,960
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
102.49
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
102.49
                  
Liabilities in Excess of Other Assets
    
(2.49
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 

Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
MXEA MSCI EAFE Index
  
12/31/2020
  
$
2,443.20
    
87
    
$
(17,345,364
)
  
$
(4,089
)
MXEA MSCI EAFE Index
  
12/31/2020
    
2,241.23
    
87
      
(17,345,364
)
    
(70,905
)
                               
(74,994
)
Put Options
                                  
MXEA MSCI EAFE Index
  
12/31/2020
    
1,730.60
    
87
      
(17,345,364
)
    
(326,598
)
MXEA MSCI EAFE Index
  
12/31/2020
    
1,221.60
    
174
      
(34,690,728
)
    
(37,236
)
                               
(363,834
)
Total Options Written (Premiums Received $465,442)
                            
$
(438,828
)
                                   
(a) Exchange-Traded.
                                  

 

Innovator MSCI EAFE Power Buffer ETF - July
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 101.29% (a)
                  
CALL OPTIONS - 81.05%
                  
MXEA MSCI EAFE Index, Expires 6/30/2020, Strike Price $1,151.43
    
708
    
$
141,155,376
    
$
56,378,634
  
                     
56,378,634
  
PUT OPTIONS - 20.24%
                        
MXEA MSCI EAFE Index, Expires 6/30/2020, Strike Price $2,302.86
    
354
      
70,577,688
      
12,307,332
  
MXEA MSCI EAFE Index, Expires 6/30/2020, Strike Price $1,919.05
    
354
      
70,577,688
      
1,770,950
  
                     
14,078,282
  
TOTAL PURCHASED OPTIONS (Cost $74,708,907)
                    
70,456,916
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
1,236
              
1,236
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $1,836)
                    
1,836
  
                         
Total Investments (Cost $74,710,473) - 101.29%
                    
70,458,752
  
Liabilities in Excess of Other Assets - (1.29)%
                    
(895,429
)
TOTAL NET ASSETS - 100.00%
                  
$
69,563,323
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
101.29
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
101.29
                  
Liabilities in Excess of Other Assets
    
(1.29
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
MXEA MSCI EAFE Index
  
6/30/2020
  
$
2,302.86
      
354
    
$
(70,577,688
)
  
$
(7,934
)
MXEA MSCI EAFE Index
  
6/30/2020
    
2,114.99
      
354
      
(70,577,688
)
    
(231,067
)
                                 
(239,001
)
Put Options
                                    
MXEA MSCI EAFE Index
  
6/30/2020
    
1,631.19
      
354
      
(70,577,688
)
    
(271,084
)
MXEA MSCI EAFE Index
  
6/30/2020
    
1,151.43
      
708
      
(141,155,376
)
    
(35,571
)
                                 
(306,655
)
Total Options Written (Premiums Received $945,838)
                              
$
(545,656
)
                                     
(a) Exchange-Traded.
                                    

 
Innovator MSCI Emerging Markets Power Buffer ETF - January
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.99% (a)
                  
CALL OPTIONS - 68.73%
                  
MXEF MSCI Emerging Markets Index, Expires 12/31/2020, Strike Price $669.84
    
312
    
$
33,145,008
    
$
11,637,493
  
                     
11,637,493
  
PUT OPTIONS - 37.26%
                        
MXEF MSCI Emerging Markets Index, Expires 12/31/2020, Strike Price $1,339.68
    
156
      
16,572,504
      
4,581,413
  
MXEF MSCI Emerging Markets Index, Expires 12/31/2020, Strike Price $1,116.40
    
156
      
16,572,504
      
1,728,683
  
                     
6,310,096
  
TOTAL PURCHASED OPTIONS (Cost $18,702,061)
                    
17,947,589
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
4
              
4
  
TOTAL SHORT TERM INVESTMENTS (Cost $4)
                    
4
  
                         
Total Investments (Cost $18,702,065) - 105.99%
                    
17,947,593
  
Liabilities in Excess of Other Assets - (5.99)%
                    
(1,013,689
)
TOTAL NET ASSETS - 100.00%
                  
$
16,933,904
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.99
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
105.99
                  
Liabilities in Excess of Other Assets
    
(5.99
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                              
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    

Value  
Call Options
                            
MXEF MSCI Emerging Markets Index
  
12/31/2020
  
$
1,339.68
    
156
    
$
(16,572,504
)
  
$
(32,084
)
MXEF MSCI Emerging Markets Index
  
12/31/2020
    
1,259.08
    
156
      
(16,572,504
)
    
(140,949
)
                               
(173,033
)
Put Options
                                  
MXEF MSCI Emerging Markets Index
  
12/31/2020
    
948.94
    
156
      
(16,572,504
)
    
(637,556
)
MXEF MSCI Emerging Markets Index
  
12/31/2020
    
669.84
    
312
      
(33,145,008
)
    
(200,147
)
                               
(837,703
)
Total Options Written (Premiums Received $1,087,607)
                             $
 (1,010,736 )
                                   
(a) Exchange-Traded.
                                  

 
Innovator MSCI Emerging Markets Power Buffer ETF - July
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 103.03% (a)
                  
CALL OPTIONS - 78.04%
                  
MXEF MSCI Emerging Markets Index, Expires 6/30/2020, Strike Price $631.74
    
1,098
    
$
116,644,932
    
$
45,514,927
  
                     
45,514,927
  
PUT OPTIONS - 24.99%
                        
MXEF MSCI Emerging Markets Index, Expires 6/30/2020, Strike Price $1,263.48
    
549
      
58,322,466
      
11,784,670
  
MXEF MSCI Emerging Markets Index, Expires 6/30/2020, Strike Price $1,052.90
    
549
      
58,322,466
      
2,787,827
  
                     
14,572,497
  
TOTAL PURCHASED OPTIONS (Cost $64,066,795)
                    
60,087,424
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
51
              
51
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $651)
                    
651
  
                         
Total Investments (Cost $64,067,446) - 103.03%
                    
60,088,075
  
Liabilities in Excess of Other Assets - (3.03)%
                    
(1,767,150
)
TOTAL NET ASSETS - 100.00%
                  
$
58,320,925
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
103.03
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
103.03
                  
Liabilities in Excess of Other Assets
    
(3.03
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        


 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
MXEF MSCI Emerging Markets Index
  
6/30/2020
  
$
1,263.48
    
549
    
$
(58,322,466
)
  
$
(61,411
)
MXEF MSCI Emerging Markets Index
  
6/30/2020
    
1,151.45
    
549
      
(58,322,466
)
    
(610,304
)
                               
(671,715
)
Put Options
                                  
MXEF MSCI Emerging Markets Index
  
6/30/2020
    
894.97
    
549
      
(58,322,466
)
    
(647,296
)
MXEF MSCI Emerging Markets Index
  
6/30/2020
    
631.74
    
1098
      
(116,644,932
)
    
(108,764
)
                               
(756,060
)
Total Options Written (Premiums Received $2,192,949)
                             $
 (1,427,775 )
                                   
(a) Exchange-Traded.
                                  

 

Innovator Russell 2000 Power Buffer ETF - January
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.47% (a)
                  
CALL OPTIONS - 74.56%
                  
RUT Russell 2000 Index, Expires 12/31/2020, Strike Price $1,001.00
    
264
    
$
42,611,184
    
$
16,225,503
  
                     
16,225,503
  
PUT OPTIONS - 30.91%
                        
RUT Russell 2000 Index, Expires 12/31/2020, Strike Price $2,002.01
    
132
      
21,305,592
      
5,005,922
  
RUT Russell 2000 Index, Expires 12/31/2020, Strike Price $1,668.34
    
132
      
21,305,592
      
1,720,495
  
                     
6,726,417
  
TOTAL PURCHASED OPTIONS (Cost $23,269,009)
                    
22,951,920
  
                         
Total Investments (Cost $23,269,009) - 105.47%
                    
22,951,920
  
Liabilities in Excess of Other Assets - (5.47)%
                    
(1,190,333
)
TOTAL NET ASSETS - 100.00%
                  
$
21,761,587
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.47
%
                
Total Investments
    
105.47
                  
Liabilities in Excess of Other Assets
    
(5.47
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        

 
Schedule of Options Written (a)
                            
January 31, 2020 (Unaudited)
                        
                             
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
RUT Russell 2000 Index
  
12/31/2020
  
$
2,002.01
    
132
    
$
(21,305,592
)
  
$
(48,981
)
RUT Russell 2000 Index
  
12/31/2020
    
1,818.16
    
132
      
(21,305,592
)
    
(346,701
)
                               
(395,682
)
Put Options
                                  
RUT Russell 2000 Index
  
12/31/2020
    
1,418.09
    
132
      
(21,305,592
)
    
(639,266
)
RUT Russell 2000 Index
  
12/31/2020
    
1,001.00
    
264
      
(42,611,184
)
    
(158,473
)
                               
(797,739
)
Total Options Written (Premiums Received $1,259,728)
                             $
 (1,193,421 )
                                   
(a) Exchange-Traded.
                                  


Innovator Russell 2000 Power Buffer ETF - October
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 105.79% (a)
                  
CALL OPTIONS - 88.37%
                  
RUT Russell 2000 Index, Expires 9/30/2020, Strike Price $914.02
    
396
    
$
63,916,776
    
$
27,673,396
  
                     
27,673,396
  
PUT OPTIONS - 17.42%
                        
RUT Russell 2000 Index, Expires 9/30/2020, Strike Price $1,828.03
    
198
      
31,958,388
      
4,314,705
  
RUT Russell 2000 Index, Expires 9/30/2020, Strike Price $1,523.36
    
198
      
31,958,388
      
1,142,405
  
                     
5,457,110
  
TOTAL PURCHASED OPTIONS (Cost $34,879,524)
                    
33,130,506
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
104
              
104
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $704)
                    
704
  
                         
Total Investments (Cost $34,880,228) - 105.79%
                    
33,131,210
  
Liabilities in Excess of Other Assets - (5.79)%
                    
(1,814,307
)
TOTAL NET ASSETS - 100.00%
                  
$
31,316,903
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
105.79
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
105.79
                  
Liabilities in Excess of Other Assets
    
(5.79
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
RUT Russell 2000 Index
  
9/30/2020
  
$
1,828.03
    
198
    
$
(31,958,388
)
  
$
(245,803
)
RUT Russell 2000 Index
  
9/30/2020
    
1,687.58
    
198
      
(31,958,388
)
    
(1,091,006
)
                               
(1,336,809
)
Put Options
                                  
RUT Russell 2000 Index
  
9/30/2020
    
1,294.86
    
198
      
(31,958,388
)
    
(361,321
)
RUT Russell 2000 Index
  
9/30/2020
    
914.02
    
396
      
(63,916,776
)
    
(93,800
)
                               
(455,121
)
Total Options Written (Premiums Received $1,806,614)
                            
$
(1,791,930
)
                                   
(a) Exchange-Traded.
                                  

 
Innovator Nasdaq-100 Power Buffer ETF - January
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 108.24% (a)
                  
CALL OPTIONS - 85.68%
                  
NDX Nasdaq-100 Index, Expires 12/31/2020, Strike Price $5,239.84
    
30
    
$
26,974,530
    
$
11,362,800
  
                     
11,362,800
  
PUT OPTIONS - 22.56%
                        
NDX Nasdaq-100 Index, Expires 12/31/2020, Strike Price $10,479.68
    
15
      
13,487,265
      
2,230,308
  
NDX Nasdaq-100 Index, Expires 12/31/2020, Strike Price $8,733.07
    
15
      
13,487,265
      
761,263
  
                     
2,991,571
  
TOTAL PURCHASED OPTIONS (Cost $14,207,858)
                    
14,354,371
  
                         
Total Investments (Cost $14,207,858) - 108.24%
                    
14,354,371
  
Liabilities in Excess of Other Assets - (8.24)%
                    
(1,092,526
)
TOTAL NET ASSETS - 100.00%
                  
$
13,261,845
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
108.24
%
                
Total Investments
    
108.24
                  
Liabilities in Excess of Other Assets
    
(8.24
)
                
Net Assets
    
100.00
%
                
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        

 

Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
NDX Nasdaq-100 Index
  
12/31/2020
  
$
10,479.68
    
15
    
$
(13,487,265
)
  
$
(143,545
)
NDX Nasdaq-100 Index
  
12/31/2020
    
9,555.73
    
15
      
(13,487,265
)
    
(570,582
)
                               
(714,127
)
Put Options
                                  
NDX Nasdaq-100 Index
  
12/31/2020
    
7,423.11
    
15
      
(13,487,265
)
    
(297,836
)
NDX Nasdaq-100 Index
  
12/31/2020
    
5,239.84
    
30
      
(26,974,530
)
    
(81,198
)
                               
(379,034
)
Total Options Written (Premiums Received $996,072)
                            
$
(1,093,161
)
                                   
(a) Exchange-Traded.
                                  

 
Innovator Nasdaq-100 Power Buffer ETF - October
  
Schedule of Investments
  
January 31, 2020 (Unaudited)
  
   
Contracts
    
Notional Amount
    
Value
  
PURCHASED OPTIONS - 117.05% (a)
                  
CALL OPTIONS - 106.98%
                  
NDX Nasdaq-100 Index, Expires 9/30/2020, Strike Price $4,649.67
    
66
    
$
59,343,966
    
$
28,762,479
  
                     
28,762,479
  
PUT OPTIONS - 10.07%
                        
NDX Nasdaq-100 Index, Expires 9/30/2020, Strike Price $9,299.34
    
33
      
29,671,983
      
2,095,501
  
NDX Nasdaq-100 Index, Expires 9/30/2020, Strike Price $7,749.45
    
33
      
29,671,983
      
613,369
  
                     
2,708,870
  
TOTAL PURCHASED OPTIONS (Cost $30,199,165)
                    
31,471,349
  
                         
SHORT TERM INVESTMENTS - 0.00% (b)
  
Shares
                  
MONEY MARKET FUNDS - 0.00% (b)
                        
Fidelity Government Portfolio - Class I, 1.45% (c)
    
100
              
100
  
Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 1.47% (c)
    
100
              
100
  
First American Government Obligations Fund - Class X, 1.48% (c)
    
100
              
100
  
First American Treasury Obligations Fund - Class X, 1.49% (c)
    
144
              
144
  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Class I, 1.45% (c)
    
100
              
100
  
STIT - Treasury Portfolio - Class I, 1.46% (c)
    
100
              
100
  
Wells Fargo Treasury Plus Money Market Fund - Class I, 1.43% (c)
    
100
              
100
  
TOTAL SHORT TERM INVESTMENTS (Cost $744)
                    
744
  
                         
Total Investments (Cost $30,199,909) - 117.05%
                    
31,472,093
  
Liabilities in Excess of Other Assets - (17.05)%
                    
(4,585,519
)
TOTAL NET ASSETS - 100.00%
                  
$
26,886,574
  
                         
Asset Type
  
% of Net Assets
                  
Purchased Options
    
117.05
 %
               
Short Term Investments
    
0.00
 (b)
               
Total Investments
    
117.05
                  
Liabilities in Excess of Other Assets
    
(17.05
)
                
Net Assets
    
100.00
 %
               
                         
Percentages are stated as a percent of net assets.
                  
   
(a) Exchange-Traded.
                        
(b) Less than 0.005%.
                        
(c) Represents annualized seven-day yield as of the end of the reporting period.
                        

 
Schedule of Options Written (a)
        
January 31, 2020 (Unaudited)
        
 
  
 
                        
Description
  
Expiration
  
Strike Price
    
Contracts
    
Notional Amount
    
Value
  
Call Options
                            
NDX Nasdaq-100 Index
  
9/30/2020
  
$
9,299.34
    
33
    
$
(29,671,983
)
  
$
(1,295,659
)
NDX Nasdaq-100 Index
  
9/30/2020
    
8,609.64
    
33
      
(29,671,983
)
    
(2,683,751
)
                               
(3,979,410
)
Put Options
                                  
NDX Nasdaq-100 Index
  
9/30/2020
    
6,587.03
    
33
      
(29,671,983
)
    
(211,298
)
NDX Nasdaq-100 Index
  
9/30/2020
    
4,649.67
    
66
      
(59,343,966
)
    
(56,087
)
                               
(267,385
)
Total Options Written (Premiums Received $1,883,402)
                            
$
(4,246,795
)
                                   
(a) Exchange-Traded.
                                  


Notes to Schedule of Investments
January 31, 2020 (Unaudited)


1)  ORGANIZATION

Innovator ETFs Trust (the “Trust”) was organized under Delaware law as a Delaware statutory trust on October 17, 2007, and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended as an open-end management investment company. The Trust currently consists of multiple operational series, collectively the (“Funds”):

Name
  
Ticker
  
Commencement of Operations
Innovator IBD® 50 ETF
  
FFTY
  
April 8, 2015
Innovator IBD® ETF Leaders ETF
  
LDRS
December 20, 2017
Innovator IBD® Breakout Opportunities ETF
  
BOUT
September 12, 2018
Innovator Loup Frontier Tech ETF
  
LOUP
July 24, 2018
Innovator S&P 500® Buffer ETF – January
  
BJAN
December 31, 2018
Innovator S&P 500® Buffer ETF – February
  
BFEB
  
January 31, 2020
Innovator S&P 500® Buffer ETF – April
  
BAPR
March 29, 2019
Innovator S&P 500® Buffer ETF – June
  
BJUN
May 31, 2019
Innovator S&P 500® Buffer ETF – July
  
BJUL
  
August 28, 2018
Innovator S&P 500® Buffer ETF – August
  
BAUG
July 31, 2019
Innovator S&P 500® Buffer ETF – September
  
BSEP
  
August 30, 2019
Innovator S&P 500® Buffer ETF – October
  
BOCT
September 28, 2018
Innovator S&P 500® Buffer ETF – November
  
BNOV
October 31, 2019
Innovator S&P 500® Buffer ETF – December
  
BDEC
November 29, 2019
Innovator S&P 500® Power Buffer ETF – January
PJAN
December 31, 2018
Innovator S&P 500® Power Buffer ETF – February
PFEB
  
January 31, 2020
Innovator S&P 500® Power Buffer  ETF – April
PAPR
March 29, 2019
Innovator S&P 500® Power Buffer  ETF – June
PJUN
May 31, 2019
Innovator S&P 500® Power Buffer  ETF – July
  
PJUL
  
August 7, 2018
Innovator S&P 500® Power Buffer ETF – August
PAUG
July 31, 2019
Innovator S&P 500® Power Buffer ETF – September
PSEP
  
August 30, 2019
Innovator S&P 500® Power Buffer  ETF – October
POCT
September 28, 2018
Innovator S&P 500® Power Buffer ETF – November
PNOV
October 31, 2019
Innovator S&P 500® Power Buffer ETF – December
PDEC
November 29, 2019
Innovator S&P 500® Ultra Buffer ETF – January
UJAN
December 31, 2018
Innovator S&P 500® Ultra Buffer ETF – February
UFEB
January 31, 2020
Innovator S&P 500® Ultra Buffer ETF – April
  
UAPR
March 29, 2019
Innovator S&P 500® Ultra Buffer ETF – June
  
UJUN
May 31, 2019
Innovator S&P 500® Ultra Buffer ETF – July
  
UJUL
  
August 7, 2018
Innovator S&P 500® Ultra Buffer ETF – August
UAUG
July 31, 2019
Innovator S&P 500® Ultra Buffer ETF – September
USEP
August 30, 2019
Innovator S&P 500® Ultra Buffer ETF – October
UOCT
September 28, 2018
Innovator S&P 500® Ultra Buffer ETF – November
UNOV
October 31, 2019
Innovator S&P 500® Ultra Buffer ETF – December
UDEC
November 29, 2019
Innovator MSCI EAFE Power Buffer ETF  - January
IJAN
  
December 31, 2019
Innovator MSCI EAFE Power Buffer ETF  - July
  
IJUL
  
June 28, 2019
Innovator MSCI Emerging Markets Power Buffer ETF - January
EJAN
December 31, 2019
Innovator MSCI Emerging Markets Power Buffer ETF - July
EJUL
  
June 28, 2019
Innovator Russell 2000 Power Buffer ETF - January
KJAN
December 31, 2019
Innovator Russell 2000 Power Buffer ETF - October
KOCT
September 30, 2019
Innovator Nasdaq-100 Power Buffer ETF - January
NJAN
December 31, 2019
Innovator Nasdaq-100 Power Buffer ETF - October
NOCT
September 30, 2019

2)  SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies consistently followed by the Trust in the preparation of its schedules of investments. These policies are in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Valuation:

Portfolio securities generally shall be valued utilizing prices provided by independent pricing services. The Trust’s Pricing Committee (“Pricing Committee”) is responsible for establishing valuation of portfolio securities and other instruments held by the Funds in accordance with the Trust’s valuation procedures.

Common stocks, preferred stocks and other equity securities listed on any national or foreign exchange (excluding the NASDAQ National Market (“NASDAQ”) and the London Stock Exchange Alternative Investment Market (“AIM”)) are generally valued at the last sale price on the exchange on which they are principally traded or, for NASDAQ and AIM securities, the official closing price. Securities traded on more than one securities exchange are valued at the last sale price or official closing price, as applicable, at the close of the exchange representing the principal market for such securities. Securities traded in the over–the–counter market are valued at the mean of the bid and the asked price, if available, and otherwise at their closing bid price. Redeemable securities issued by open–end investment companies shall be valued at the investment company’s applicable net asset value, with the exception of exchange–traded open–end investment companies which are priced as equity securities. Fixed income securities, swaps, currency–, credit– and commodity–linked notes, and other similar instruments will be valued using a pricing service. Fixed income securities having a remaining maturity of 60 days or less when purchased will be valued at cost adjusted for amortization of premiums and accretion of discounts, provided the Pricing Committee has determined that the use of amortized cost is an appropriate reflection of fair value given market and issuer specific conditions existing at the time of the determination. Foreign securities and other assets denominated in foreign currencies are translated into U.S. dollars at the exchange rate of such currencies against the U.S. dollar as provided by the pricing service. All assets denominated in foreign currencies will be converted into U.S. dollars at the exchange rates in effect at the time of valuation. Restricted securities (with the exception of Rule 144A Securities for which market quotations are available) will normally be valued at fair value as determined by the Pricing Committee.

Exchange–traded option contracts (other than FLexible EXchange Option or “FLEX Option” contracts) will be valued at the closing price in the market where such contracts are principally traded. If no closing price is available, they will be fair valued at the mean of their most recent bid and asked price, if available, and otherwise at their closing bid price. OTC options are fair valued at the mean of the most recent bid and asked price, if available, and otherwise at their closing bid price. FLEX Options will be valued at a model–based price provided by the exchange on which the option is traded at the official close of that exchange’s trading date. If the exchange on which the option is traded is unable to provide a model price, FLEX Options prices will be provided by backup provider Super Derivatives. Otherwise, the value of a FLEX Option will be determined by the Pricing Committee in accordance with the Trust’s valuation procedures.


If no quotation can be obtained from a pricing service, then the Pricing Committee will then attempt to obtain one or more broker quotes for the security. If no quotation is available from either a pricing service or one or more brokers or if the Pricing Committee has reason to question the reliability or accuracy of a quotation supplied or the use of amortized cost, the value of any portfolio security held by the Funds for which reliable market quotations are not readily available will be determined by the Pricing Committee in a manner that most appropriately reflects fair market value of the security on the valuation date. The use of a fair valuation method may be appropriate if, for example: (i) market quotations do not accurately reflect fair value of an investment; (ii) an investment’s value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (for example, a foreign exchange or market); (iii) a trading halt closes an exchange or market early; or (iv) other events result in an exchange or market delaying its normal close.

Fair Valuation Measurement:

FASB established a framework for measuring fair value in accordance with U.S. GAAP. Under ASC, Fair Value Measurement (“ASC 820”), various inputs are used in determining the value of the Funds’ investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three Levels of inputs of the fair value hierarchy are defined as follows:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have 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 Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgement. Accordingly, the degree of judgement exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The following table summarizes valuation of the Funds’ investments under the fair value hierarchy levels as of January 31, 2020:


                         
FFTY
                        
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                        
Common Stocks
  
$
276,401,236
    
$
-
    
$
-
    
$
276,401,236
  
Real Estate Investment Trusts
    
11,630,258
      
-
      
-
      
11,630,258
  
Investments Purchased with Proceeds From Securities Lending
    
-
      
44,941,196
      
-
      
44,941,196
  
Short Term Investments
    
772,099
      
-
      
-
      
772,099
  
Total Assets
  
$
288,803,593
    
$
44,941,196
    
$
-
    
$
333,744,789
  
                                 
LDRS
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Exchange Traded Funds
  
$
12,163,894
    
$
-
    
$
-
    
$
12,163,894
  
Investments Purchased with Proceeds From Securities Lending
    
-
      
4,152,647
      
-
      
4,152,647
  
Short Term Investments
    
47,014
      
-
      
-
      
47,014
  
Total Assets
  
$
12,210,908
    
$
4,152,647
    
$
-
    
$
16,363,555
  
                                 
BOUT
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Common Stocks
  
$
6,344,228
    
$
-
    
$
-
    
$
6,344,228
  
Real Estate Investment Trusts
    
112,649
      
-
      
-
      
112,649
  
Investments Purchased with Proceeds From Securities Lending
    
-
      
922,861
      
-
      
922,861
  
Short Term Investments
    
9,558
      
-
      
-
      
9,558
  
Total Assets
  
$
6,466,435
    
$
922,861
    
$
-
    
$
7,389,296
  
                                 
LOUP
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Common Stocks
  
$
11,113,940
    
$
-
    
$
-
    
$
11,113,940
  
Investments Purchased with Proceeds From Securities Lending
    
-
      
2,169,773
      
-
      
2,169,773
  
Short Term Investments
    
9,367
      
-
      
-
      
9,367
  
Total Assets
  
$
11,123,307
    
$
2,169,773
    
$
-
    
$
13,293,080
  
                                 
BJAN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
168,550,952
    
$
-
    
$
168,550,952
  
Short Term Investments
    
13,840
      
-
      
-
      
13,840
  
Total Assets
  
$
13,840
    
$
168,550,952
    
$
-
    
$
168,564,792
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
7,645,372
    
$
-
    
$
7,645,372
  
Total Liabilities
  
$
-
    
$
7,645,372
    
$
-
    
$
7,645,372
  
                                 
BFEB
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
2,575,532
    
$
-
    
$
2,575,532
  
Total Assets
  
$
-
    
$
2,575,532
    
$
-
    
$
2,575,532
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
124,420
    
$
-
    
$
124,420
  
Total Liabilities
  
$
-
    
$
124,420
    
$
-
    
$
124,420
  
                                 
BAPR
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
37,803,734
    
$
-
    
$
37,803,734
  
Total Assets
  
$
-
    
$
37,803,734
    
$
-
    
$
37,803,734
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
535,081
    
$
-
    
$
535,081
  
Total Liabilities
  
$
-
    
$
535,081
    
$
-
    
$
535,081
  
                                 
BJUN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
5,315,028
    
$
-
    
$
5,315,028
  
Short Term Investments
    
716
      
-
      
-
      
716
  
Total Assets
  
$
716
    
$
5,315,028
    
$
-
    
$
5,315,744
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
334,029
    
$
-
    
$
334,029
  
Total Liabilities
  
$
-
    
$
334,029
    
$
-
    
$
334,029
  
                                 
BJUL
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
74,252,030
    
$
-
    
$
74,252,030
  
Short Term Investments
    
1,008
      
-
      
-
      
1,008
  
Total Assets
  
$
1,008
    
$
74,252,030
    
$
-
    
$
74,253,038
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
2,190,032
    
$
-
    
$
2,190,032
  
Total Liabilities
  
$
-
    
$
2,190,032
    
$
-
    
$
2,190,032
  
                                 
BAUG
                          
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
39,383,147
    
$
-
    
$
39,383,147
  
Short Term Investments
    
824
      
-
      
-
      
824
  
Total Assets
  
$
824
    
$
39,383,147
    
$
-
    
$
39,383,971
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,242,043
    
$
-
    
$
1,242,043
  
Total Liabilities
  
$
-
    
$
1,242,043
    
$
-
    
$
1,242,043
  
                                 
BSEP
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
4,781,694
    
$
-
    
$
4,781,694
  
Short Term Investments
    
728
      
-
      
-
      
728
  
Total Assets
  
$
728
    
$
4,781,694
    
$
-
    
$
4,782,422
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
220,467
    
$
-
    
$
220,467
  
Total Liabilities
  
$
-
    
$
220,467
    
$
-
    
$
220,467
  
                                 
BOCT
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
156,671,157
    
$
-
    
$
156,671,157
  
Short Term Investments
    
2,699
      
-
      
-
      
2,699
  
Total Assets
  
$
2,699
    
$
156,671,157
    
$
-
    
$
156,673,856
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
6,756,870
    
$
-
    
$
6,756,870
  
Total Liabilities
  
$
-
    
$
6,756,870
    
$
-
    
$
6,756,870
  
                                 
BNOV
                          
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
18,149,230
    
$
-
    
$
18,149,230
  
Total Assets
  
$
-
    
$
18,149,230
    
$
-
    
$
18,149,230
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
761,464
    
$
-
    
$
761,464
  
Total Liabilities
  
$
-
    
$
761,464
    
$
-
    
$
761,464
  
                                 
BDEC
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
25,377,499
    
$
-
    
$
25,377,499
  
Total Assets
  
$
-
    
$
25,377,499
    
$
-
    
$
25,377,499
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,079,765
    
$
-
    
$
1,079,765
  
Total Liabilities
  
$
-
    
$
1,079,765
    
$
-
    
$
1,079,765
  
                                 
PJAN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
197,060,674
    
$
-
    
$
197,060,674
  
Short Term Investments
    
18,330
      
-
      
-
      
18,330
  
Total Assets
  
$
18,330
    
$
197,060,674
    
$
-
    
$
197,079,004
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
8,827,162
    
$
-
    
$
8,827,162
  
Total Liabilities
  
$
-
    
$
8,827,162
    
$
-
    
$
8,827,162
  
                                 
PFEB
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
2,574,844
    
$
-
    
$
2,574,844
  
Total Assets
  
$
-
    
$
2,574,844
    
$
-
    
$
2,574,844
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
123,736
    
$
-
    
$
123,736
  
Total Liabilities
  
$
-
    
$
123,736
    
$
-
    
$
123,736
  
                                 
PAPR
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
83,194,553
    
$
-
    
$
83,194,553
  
Short Term Investments
    
5,410
      
-
      
-
      
5,410
  
Total Assets
  
$
5,410
    
$
83,194,553
    
$
-
    
$
83,199,963
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
4,097,652
    
$
-
    
$
4,097,652
  
Total Liabilities
  
$
-
    
$
4,097,652
    
$
-
    
$
4,097,652
  
                                 
PJUN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
21,260,382
    
$
-
    
$
21,260,382
  
Short Term Investments
    
761
      
-
      
-
      
761
  
Total Assets
  
$
761
    
$
21,260,382
    
$
-
    
$
21,261,143
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
2,083,805
    
$
-
    
$
2,083,805
  
Total Liabilities
  
$
-
    
$
2,083,805
    
$
-
    
$
2,083,805
  
                                 
PJUL
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
87,663,245
    
$
-
    
$
87,663,245
  
Short Term Investments
    
1,067
      
-
      
-
      
1,067
  
Total Assets
  
$
1,067
    
$
87,663,245
    
$
-
    
$
87,664,312
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
4,566,405
    
$
-
    
$
4,566,405
  
Total Liabilities
  
$
-
    
$
4,566,405
    
$
-
    
$
4,566,405
  
                                 
PAUG
                          
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
113,707,806
    
$
-
    
$
113,707,806
  
Short Term Investments
    
25,972
      
-
      
-
      
25,972
  
Total Assets
  
$
25,972
    
$
113,707,806
    
$
-
    
$
113,733,778
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
5,539,175
    
$
-
    
$
5,539,175
  
Total Liabilities
  
$
-
    
$
5,539,175
    
$
-
    
$
5,539,175
  
                                 
PSEP
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
20,083,151
    
$
-
    
$
20,083,151
  
Short Term Investments
    
755
      
-
      
-
      
755
  
Total Assets
  
$
755
    
$
20,083,151
    
$
-
    
$
20,083,906
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,327,059
    
$
-
    
$
1,327,059
  
Total Liabilities
  
$
-
    
$
1,327,059
    
$
-
    
$
1,327,059
  
                                 
POCT
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
308,417,739
    
$
-
    
$
308,417,739
  
Short Term Investments
    
3,001
      
-
      
-
      
3,001
  
Total Assets
  
$
3,001
    
$
308,417,739
    
$
-
    
$
308,420,740
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
18,759,881
    
$
-
    
$
18,759,881
  
Total Liabilities
  
$
-
    
$
18,759,881
    
$
-
    
$
18,759,881
  
                                 
PNOV
                          
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
50,957,496
    
$
-
    
$
50,957,496
  
Short Term Investments
    
46
      
-
      
-
      
46
  
Total Assets
  
$
46
    
$
50,957,496
    
$
-
    
$
50,957,542
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
2,913,976
    
$
-
    
$
2,913,976
  
Total Liabilities
  
$
-
    
$
2,913,976
    
$
-
    
$
2,913,976
  
                                 
PDEC
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
68,378,216
    
$
-
    
$
68,378,216
  
Short Term Investments
    
14
      
-
      
-
      
14
  
Total Assets
  
$
14
    
$
68,378,216
    
$
-
    
$
68,378,230
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
3,300,989
    
$
-
    
$
3,300,989
  
Total Liabilities
  
$
-
    
$
3,300,989
    
$
-
    
$
3,300,989
  
                                 
UJAN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
65,491,396
    
$
-
    
$
65,491,396
  
Short Term Investments
    
545
      
-
      
-
      
545
  
Total Assets
  
$
545
    
$
65,491,396
    
$
-
    
$
65,491,941
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
2,000,949
    
$
-
    
$
2,000,949
  
Total Liabilities
  
$
-
    
$
2,000,949
    
$
-
    
$
2,000,949
  
                                 
UFEB
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
2,535,152
    
$
-
    
$
2,535,152
  
Total Assets
  
$
-
    
$
2,535,152
    
$
-
    
$
2,535,152
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
84,044
    
$
-
    
$
84,044
  
Total Liabilities
  
$
-
    
$
84,044
    
$
-
    
$
84,044
  
                                 
UAPR
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
19,512,143
    
$
-
    
$
19,512,143
  
Short Term Investments
    
344
      
-
      
-
      
344
  
Total Assets
  
$
344
    
$
19,512,143
    
$
-
    
$
19,512,487
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
956,560
    
$
-
    
$
956,560
  
Total Liabilities
  
$
-
    
$
956,560
    
$
-
    
$
956,560
  
                                 
UJUN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
2,172,972
    
$
-
    
$
2,172,972
  
Short Term Investments
    
1,648
      
-
      
-
      
1,648
  
Total Assets
  
$
1,648
    
$
2,172,972
    
$
-
    
$
2,174,620
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
214,331
    
$
-
    
$
214,331
  
Total Liabilities
  
$
-
    
$
214,331
    
$
-
    
$
214,331
  
                                 
UJUL
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
34,628,653
    
$
-
    
$
34,628,653
  
Short Term Investments
    
785
      
-
      
-
      
785
  
Total Assets
  
$
785
    
$
34,628,653
    
$
-
    
$
34,629,438
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,784,469
    
$
-
    
$
1,784,469
  
Total Liabilities
  
$
-
    
$
1,784,469
    
$
-
    
$
1,784,469
  
                                 
UAUG
                          
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
15,580,235
    
$
-
    
$
15,580,235
  
Short Term Investments
    
689
      
-
      
-
      
689
  
Total Assets
  
$
689
    
$
15,580,235
    
$
-
    
$
15,580,924
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
687,953
    
$
-
    
$
687,953
  
Total Liabilities
  
$
-
    
$
687,953
    
$
-
    
$
687,953
  
                                 
USEP
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
4,094,039
    
$
-
    
$
4,094,039
  
Short Term Investments
    
716
      
-
      
-
      
716
  
Total Assets
  
$
716
    
$
4,094,039
    
$
-
    
$
4,094,755
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
282,397
    
$
-
    
$
282,397
  
Total Liabilities
  
$
-
    
$
282,397
    
$
-
    
$
282,397
  
                                 
UOCT
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
127,825,338
    
$
-
    
$
127,825,338
  
Short Term Investments
    
923
      
-
      
-
      
923
  
Total Assets
  
$
923
    
$
127,825,338
    
$
-
    
$
127,826,261
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
7,895,257
    
$
-
    
$
7,895,257
  
Total Liabilities
  
$
-
    
$
7,895,257
    
$
-
    
$
7,895,257
  
                                 
UNOV
                          
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
8,293,586
    
$
-
    
$
8,293,586
  
Total Assets
  
$
-
    
$
8,293,586
    
$
-
    
$
8,293,586
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
436,926
    
$
-
    
$
436,926
  
Total Liabilities
  
$
-
    
$
436,926
    
$
-
    
$
436,926
  
                                 
UDEC
                          
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
13,223,365
    
$
-
    
$
13,223,365
  
Short Term Investments
    
13
      
-
      
-
      
13
  
Total Assets
  
$
13
    
$
13,223,365
    
$
-
    
$
13,223,378
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
535,373
    
$
-
    
$
535,373
  
Total Liabilities
  
$
-
    
$
535,373
    
$
-
    
$
535,373
  
                                 
IJAN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
17,960,628
    
$
-
    
$
17,960,628
  
Short Term Investments
    
3
      
-
      
-
      
3
  
Total Assets
  
$
3
    
$
17,960,628
    
$
-
    
$
17,960,631
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
438,828
    
$
-
    
$
438,828
  
Total Liabilities
  
$
-
    
$
438,828
    
$
-
    
$
438,828
  
                                 
IJUL
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
70,456,916
    
$
-
    
$
70,456,916
  
Short Term Investments
    
1,836
      
-
      
-
      
1,836
  
Total Assets
  
$
1,836
    
$
70,456,916
    
$
-
    
$
70,458,752
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
545,656
    
$
-
    
$
545,656
  
Total Liabilities
  
$
-
    
$
545,656
    
$
-
    
$
545,656
  
                                 
EJAN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
17,947,589
    
$
-
    
$
17,947,589
  
Short Term Investments
    
4
      
-
      
-
      
4
  
Total Assets
  
$
4
    
$
17,947,589
    
$
-
    
$
17,947,593
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,010,736
    
$
-
    
$
1,010,736
  
Total Liabilities
  
$
-
    
$
1,010,736
    
$
-
    
$
1,010,736
  
                                 
EJUL
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
60,087,424
    
$
-
    
$
60,087,424
  
Short Term Investments
    
651
      
-
      
-
      
651
  
Total Assets
  
$
651
    
$
60,087,424
    
$
-
    
$
60,088,075
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,427,775
    
$
-
    
$
1,427,775
  
Total Liabilities
  
$
-
    
$
1,427,775
    
$
-
    
$
1,427,775
  
                                 
KJAN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
22,951,920
    
$
-
    
$
22,951,920
  
Total Assets
  
$
-
    
$
22,951,920
    
$
-
    
$
22,951,920
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,193,421
    
$
-
    
$
1,193,421
  
Total Liabilities
  
$
-
    
$
1,193,421
    
$
-
    
$
1,193,421
  
                                 
KOCT
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
33,130,506
    
$
-
    
$
33,130,506
  
Short Term Investments
    
704
      
-
      
-
      
704
  
Total Assets
  
$
704
    
$
33,130,506
    
$
-
    
$
33,131,210
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,791,930
    
$
-
    
$
1,791,930
  
Total Liabilities
  
$
-
    
$
1,791,930
    
$
-
    
$
1,791,930
  
                                 
NJAN
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
14,354,371
    
$
-
    
$
14,354,371
  
Total Assets
  
$
-
    
$
14,354,371
    
$
-
    
$
14,354,371
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
1,093,161
    
$
-
    
$
1,093,161
  
Total Liabilities
  
$
-
    
$
1,093,161
    
$
-
    
$
1,093,161
  
                                 
NOCT
                                
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                                
Purchased Options
  
$
-
    
$
31,471,349
    
$
-
    
$
31,471,349
  
Short Term Investments
    
744
      
-
      
-
      
744
  
Total Assets
  
$
744
    
$
31,471,349
    
$
-
    
$
31,472,093
  
                                 
Liabilities
                  
Options Written
  
$
-
    
$
4,246,795
    
$
-
    
$
4,246,795
  
Total Liabilities
  
$
-
    
$
4,246,795
    
$
-
    
$
4,246,795
  

See the Schedules of Investments for the investments detailed by industry classification.


There were no Level 3 investments for the Funds during the reporting period.

Option Contracts:

In general, an option contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a specified future date at an agreed upon price (commonly known as the “strike price”).

Certain Funds invest primarily in FLEX Option contracts. FLEX Options are customized option contracts that trade on an exchange but provide investors with the ability to customize key contract terms like strike price, style and expiration date while achieving price discovery in competitive, transparent auctions markets and avoiding the counterparty exposure of over–the–counter options positions. Like traditional exchange–traded options, FLEX Options are guaranteed for settlement by the OCC, a market clearinghouse that guarantees performance by counterparties to certain derivatives contracts. The FLEX Options in which the Funds will invest are all European style options (options that are exercisable only on the expiration date). The FLEX Options are listed on the Chicago Board Options Exchange.

Certain Funds will purchase and sell call and put FLEX Options. In general, put options give the holder (i.e., the buyer) the right to sell an asset (or deliver the cash value of the index, in case of an index put option) and the seller (i.e., the writer) of the put has the obligation to buy the asset (or receive cash value of the index, in case of an index put option) at a certain defined price. Call options give the holder (i.e., the buyer) the right to buy an asset (or receive cash value of the index, in case of an index call option) and the seller (i.e., the writer) the obligation to sell the asset (or deliver cash value of the index, in case of an index call option) at a certain defined price.

When certain Funds purchase an option, an amount equal to the premium paid by the Fund is recorded as an investment and is subsequently adjusted to the current value of the option purchased. If an option expires on the stipulated expiration date or if the Fund enters into a closing sale transaction, a gain or loss is realized. If a call option is exercised, the cost of the security acquired is increased by the premium paid for the call. If a put option is exercised, a gain or loss is realized from the sale of the underlying security, and the proceeds from such sale are decreased by the premium originally paid. Purchased options are non-income producing securities.

When a certain Fund writes an option, an amount equal to the premium received by the Fund is recorded as a liability and is subsequently adjusted to the current value of the option written. Premiums received from writing options that expire unexercised are treated by the Fund on the expiration date as realized gain from written options. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also treated as a realized gain, or if the premium is less than the amount paid for the closing purchase transaction, as a realized loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security in determining whether the respective Fund has realized a gain or loss. If a put option is exercised, the premium reduces the cost basis of the securities purchased by the Fund. The Fund, as a writer of an option, bears the market risk of an unfavorable change in the price of the security underlying the written option.

Certain Funds bear the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund could suffer significant losses. Additionally, FLEX Options may be less liquid than certain other securities such as standardized options. In less liquid market for the FLEX Options, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. The Fund may experience substantial downside from specific FLEX Option positions and certain FLEX Option positions may expire worthless. The value of the underlying FLEX Options will be affected by, among others, changes in the value of the exchange, changes in interest rates, changes in the actual and implied volatility of the Index and the remaining time to until the FLEX Options expire. The value of the FLEX Options does not increase or decrease at the same rate as the level of the index (although they generally move in the same direction). However, as a FLEX Option approaches its expiration date, its value typically increasingly moves with the value of the index.

The average volume of derivative activity during the period ended January 31, 2020, is as follows:

 
Purchased Options
  
Options Written
 
Average Monthly Market Value
Average Monthly Market Value
BJAN
 $                75,981,899
  
 $                (3,709,089)
BFEB
                     2,575,532
  
                      (124,420)
BAPR
                   42,250,127
  
                      (625,871)
BJUN
                     5,271,330
  
                      (312,139)
BJUL
                   79,045,755
  
                   (2,420,261)
BAUG
                   45,317,305
  
                   (1,526,924)
BSEP
                     4,751,555
  
                      (223,584)
BOCT
                 172,950,662
  
                   (7,837,811)
BNOV
                   34,194,870
  
                   (1,554,086)
BDEC
                   19,731,545
  
                      (883,516)
PJAN
                 122,241,740
  
                   (7,917,101)
PFEB
                     2,574,844
  
                      (123,736)
PAPR
                   89,326,793
  
                   (4,137,479)
PJUN
                   22,085,476
  
                   (2,054,422)
PJUL
                   91,881,652
  
                   (4,659,142)
PAUG
                 117,361,917
  
                   (5,736,054)
PSEP
                   21,097,333
  
                   (1,370,638)
POCT
                 316,263,031
  
                 (19,222,814)
PNOV
                   53,872,587
  
                   (3,118,545)
PDEC
                   50,914,667
  
                   (2,514,499)
UJAN
                   48,352,657
  
                   (2,997,786)
UFEB
                     2,535,152
  
                       (84,044)
UAPR
                   19,809,537
  
                      (912,379)
UJUN
                     2,629,862
  
                      (243,765)
UJUL
                   36,397,278
  
                   (1,778,904)
UAUG
                   17,511,020
  
                      (743,355)
USEP
                     4,743,724
  
                      (312,076)
UOCT
                 136,723,708
  
                   (8,247,028)
UNOV
                     8,692,125
  
                      (444,439)
UDEC
                   10,195,081
  
                      (423,831)
IJAN
                   10,236,918
  
                      (254,418)
IJUL
                   70,117,673
  
                      (852,525)
EJAN
                   10,399,947
  
                      (591,852)
EJUL
                   60,393,918
  
                   (2,058,074)
KJAN
                   12,897,200
  
                      (683,270)
KOCT
                   33,267,305
  
                   (2,307,270)
NJAN
                     9,045,926
  
                      (668,700)
NOCT
                   30,111,006
  
                   (3,401,718)

3)  SECURITIES LENDING

Certain Funds may lend up to 331/3% of the value of the securities in their respective portfolios to brokers, dealers and financial institutions (but not individuals) under terms of participation in a securities lending program administered by the securities lending agent. The Trust has entered into a Securities Lending Agreement (“SLA”) with U.S. Bank, N.A., the fund’s custodian (the “Agent”). Under the terms of the SLA, the Funds may lend securities to certain broker-dealers and banks in exchange for collateral in the amount of at least 102% of the value of U.S. securities loaned or at least 105% of the value of non-U.S. securities loaned, marked to market daily. The collateral can be received in the form of cash collateral and/or non-cash collateral. Non-cash collateral can include U.S. Government Securities and letters of credit. The cash collateral is invested in the Mount Vernon Liquid Assets Portfolio, LLC (“Mount Vernon”), as noted in the Funds’ Schedules of Investments. Mount Vernon seeks to maximize current income to the extent consistent with the preservation of capital and liquidity; and to maintain a stable NAV of $1.00. The market value of the loaned securities is determined daily at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day. The Funds continue to benefit from interest or dividends on the securities loaned and may also earn a return from the collateral. The Funds pay various fees in connection with the investment of cash collateral. The Funds pay the Agent fees based on the investment income received from securities lending activities. Although risk is mitigated by the collateral, the Funds could experience a delay in recovering their securities and possible loss of income or value if the borrower fails to return them. Cash and cash equivalent collateral on securities lending transactions are on an overnight and continuous basis.

As of January 31, 2020, the values of the securities on loan and cash collateral received were as follows:

 
 
 
 Value of Securities on Loan
 
 Cash Collateral Received
 
 
 FFTY
 
$42,589,492
 
 $44,941,196
 
 
 LDRS
 
   3,993,839
 
     4,152,647
 
 
 BOUT
 
      883,292
 
         922,861
 
 
 LOUP
 
   2,072,751
 
      2,169,773
 


Item 2. Controls and Procedures.
 
(a)
The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) (17 CFR 270.30a-3(c)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or Rule 15d‑15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(d)).

(b)
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) (17 CFR 270.30a-3(d)) that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

 
Item 3. Exhibits.
 
Separate certifications for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)).  Filed herewith.
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)  Innovator ETFs Trust                                                   


By (Signature and Title)  /s/ Bruce Bond                                          
Bruce Bond, Principal Executive Officer

Date  March 12, 2020                                                                        


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)  /s/ Bruce Bond                                           
Bruce Bond, Principal Executive Officer

Date  March 12, 2020                                                                         


By (Signature and Title)* /s/ John Southard                                      
John Southard, Principal Financial Officer

Date  March 12, 2020                                                                         

* Print the name and title of each signing officer under his or her signature.
 

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘N-Q/A’ Filing    Date    Other Filings
10/31/20
Filed on / Effective on:6/23/20
3/12/20AW
For Period end:1/31/20CERT,  CORRESP,  N-Q
12/31/19CERT
11/29/19485BPOS,  497J,  497K,  CERT
10/31/1924F-2NT,  485BPOS,  485BXT,  497J,  497K,  N-CEN,  N-CSR
9/30/19485BPOS,  497,  497K,  N-Q
8/30/19485BPOS,  497J,  497K,  CERTBATS
7/31/19N-Q
6/28/19485BPOS,  497,  497J,  497K,  EFFECT
5/31/1940-17G,  485BPOS,  497J,  497K,  CERTCBO
3/29/19CERTCBO
12/31/18CERTCBO
9/28/18CERTCBO
9/12/18CERT
8/28/18CERTCBO
8/7/18CERTCBO
7/24/18497J,  497K,  8-A12B,  CERT
12/20/17CERT
4/8/15497K,  8-A12B
10/17/07
 List all Filings 
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