TABLE OF CONTENTS
|
Letter to Shareholders |
3 |
|
Fund Performance |
5 |
|
Expense Example |
29 |
|
Schedules of Investments |
31 |
|
Statements of Assets and Liabilities |
78 |
|
Statements of Operations |
83 |
|
Statements of Changes in Net Assets |
88 |
|
Financial Highlights |
98 |
|
Notes to Financial Statements |
108 |
|
Trustees and Officers |
130 |
|
Board Considerations Regarding Approval of Investment Management Agreement |
132 |
|
Additional Information |
138 |
INNOVATOR ETFs TRUST
Letter to Shareholders (Unaudited)
Dear Valued Shareholders,
The 1-year period ended April 30, 2023 was noteworthy in many ways. During this 12-month stretch, investors witnessed a remarkable chain of events:
|
1. |
Accommodative covid-era monetary policy led to the highest inflation in 40 years |
|
2. |
High and rising inflation led to tighter monetary policy |
|
3. |
Tighter monetary policy led to large bank failures |
|
4. |
Bank failures led to heightened stock market volatility |
On top of all that, the Federal government reached its debt limit in early 2023 and Congress had still not resolved the matter as of April 30.
While many investors have dealt with the effects of high inflation, bank failures and government debt limits, few have experienced such swift and severe Fed policy tightening out of such an accommodative policy stance. If there’s anything to be learned from this period, it may be the simple reminder that the future remains unknown and the ability to have a better sense of your risk in the middle of the storm is invaluable.
We believe that the Fed is likely to hold interest rates higher for longer than the market has anticipated and that investors will need to learn to factor these higher rates into their thinking. In our estimation, this doesn’t translate to a full-blown “risk-off” sentiment; but to the extent that higher rates create greater market uncertainty, we continue to think investors will do well to be risk aware.
The heightened uncertainty during this period led a large swath of investors to look for ways to maintain market exposure with built-in risk management. Many investors looked to Innovator during this period and we were pleased to offer the industry’s largest and widest-ranging suite of Defined Outcome ETFs™, including the latest addition of our Premium Income Barrier ETFs™. Over this period, while the global equity market was up 2.6%, strong inflows resulted in our assets under management nearly doubling, rising by more than $6.5 billion over the 12-month period.
On behalf of the team at Innovator, thank you for the confidence and trust you’ve place in us and our products over the past year. We’ve worked to earn that trust and intend to work hard to keep it. We wish you the best in good health and prosperity in the coming year.
Bruce Bond,
CEO
INNOVATOR ETFs TRUST
Letter to Shareholders (Unaudited) (Continued)
The views in this report were those of the Fund’s CEO as of April 30, 2023 and may not reflect his views on the date that this report is first published or anytime thereafter. These views are intended to assist shareholders in understanding their investments and do not constitute investment advice.
The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see Investor Suitability" in the prospectus.
Investing involves risks. Loss of principal is possible.
This material must be preceded by or accompanied with a prospectus. The Funds' investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus contains this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing.
Innovator ETFs are distributed by Foreside Fund Services, LLC.
INNOVATOR IBD® 50 ETF
Fund Performance
April 30, 2023 (Unaudited)
The following chart compares the value of a hypothetical $10,000 investment in the Innovator IBD® 50 ETF from its inception (April 8, 2015) to April 30, 2023 as compared with the S&P 500® Index.
|
Average Annual Total Returns As of April 30, 2023 | |||||||||||||||||
|
1 Year |
3 Years |
5 Years |
Since
| ||||||||||||||
|
Innovator IBD® 50 ETF |
|||||||||||||||||
|
NAV Return |
-26.55 |
% |
-7.34 |
% |
-6.30 |
% |
-0.54 |
% |
|||||||||
|
Market Return |
-26.56 |
% |
-7.40 |
% |
-6.33 |
% |
-0.55 |
% |
|||||||||
|
S&P 500® Index |
2.66 |
% |
14.52 |
% |
11.45 |
% |
11.06 |
% |
|||||||||
|
IBD® 50 Index (b) |
-26.52 |
% |
-6.82 |
% |
-5.75 |
% |
-5.91 |
% |
(c) | ||||||||
|
(a) |
Inception date is April 8, 2015. |
|
(b) |
The Fund began tracking the IBD® 50 Index on November 20, 2017. |
|
(c) |
Since Inception return is from the date the Fund began tracking the IBD® 50 Index, November 20, 2017. |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the gross and net expense ratios of the Fund were 0.97% and 0.80%, respectively. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
INNOVATOR IBD® 50 ETF
Fund Performance
April 30, 2023 (Unaudited) (Continued)
The line graph and performance table do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Total return calculations reflect the effect of the Advisor’s expense limitation agreement for the Fund. Returns shown for the Fund, S&P 500® Index and IBD® 50 Index include the reinvestment of all dividends, if any.
The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.
The IBD® 50 Index is a weekly, rule–based, computer–generated stock index compiled and published by Investor’s Business Daily® that seeks to identify the current top 50 growth stocks.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange–traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at Innovatoretfs.com/FFTY.
INNOVATOR IBD® BREAKOUT OPPORTUNITIES ETF
Fund Performance
April 30, 2023 (Unaudited)
The following chart compares the value of a hypothetical $10,000 investment in the Innovator IBD® Breakout Opportunities ETF from its inception (September 12, 2018) to April 30, 2023 as compared with the S&P 500® Index and IBD® Breakout Stocks Index.
|
Average Annual Total Returns As of April 30, 2023 |
||||||||||||
|
1 Year |
3 Years |
Since Inception (a) |
||||||||||
|
Innovator IBD® Breakout Opportunities ETF |
||||||||||||
|
NAV Return |
-10.34 |
% |
15.28 |
% |
4.98 |
% | ||||||
|
Market Return |
-10.34 |
% |
15.02 |
% |
4.97 |
% | ||||||
|
S&P 500® Index |
2.66 |
% |
14.52 |
% |
10.14 |
% | ||||||
|
IBD® Breakout Stocks Index |
-9.35 |
% |
16.85 |
% |
6.31 |
% | ||||||
|
(a) |
Inception date is September 12, 2018. |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.81%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
INNOVATOR IBD® BREAKOUT OPPORTUNITIES ETF
Fund Performance
April 30, 2023 (Unaudited) (Continued)
The line graph and performance table do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund, S&P 500® Index and IBD® Breakout Stocks Index include the reinvestment of all dividends, if any.
The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.
The IBD® Breakout Stocks Index is a rule–based index compiled and published by Investor’s Business Daily® that seeks to provide opportunistic investment exposure to those stocks with the potential to “break out” or experience a period of sustained price growth beyond the stock’s recent “resistance level,” with consideration for various market conditions.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange–traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at Innovatoretfs.com/BOUT.
INNOVATOR DEEPWATER FRONTIER TECH ETF
Fund Performance
April 30, 2023 (Unaudited)
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Deepwater Frontier Tech ETF from its inception (July 24, 2018) to April 30, 2023 as compared with the Dow Jones Global Index and Loup Frontier Tech Index.
|
Average Annual Total Returns As of April 30, 2023 |
||||||||||||
|
1 Year |
3 Years |
Since Inception (a) |
||||||||||
|
Innovator Deepwater Frontier Tech ETF |
||||||||||||
|
NAV Return |
-11.07 |
% |
8.27 |
% |
6.23 |
% | ||||||
|
Market Return |
-10.94 |
% |
8.12 |
% |
6.15 |
% | ||||||
|
Dow Jones Global Index |
2.02 |
% |
12.14 |
% |
6.70 |
% | ||||||
|
Loup Frontier Tech Index |
-10.67 |
% |
8.94 |
% |
6.86 |
% | ||||||
|
(a) |
Inception date is July 24, 2018. |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.70%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
INNOVATOR DEEPWATER FRONTIER TECH ETF
Fund Performance
April 30, 2023 (Unaudited) (Continued)
The line graph and performance table do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund, Dow Jones Global Index and Loup Frontier Tech Index include the reinvestment of all dividends, if any.
The Dow Jones Global Index is an unmanaged, capitalization–weighted index generally representative of the global market.
The Loup Frontier Tech Index is a rules–based stock index that seeks to identify and track those companies identified as being on the frontier of the development of new technologies that have the potential to have an outsized influence on the future.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange–traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at Innovatoretfs.com/LOUP.
INNOVATOR S&P INVESTMENT GRADE PREFERRED ETF
Fund Performance
April 30, 2023 (Unaudited)
The following chart compares the value of a hypothetical $10,000 investment in the Innovator S&P Investment Grade Preferred ETF from its inception (May 23, 2016) to April 30, 2023 as compared with the S&P U.S. High Quality Preferred Stock Index and the S&P U.S. Preferred Stock Index.
|
Average Annual Total Returns As of April 30, 2023 |
||||||||||||||||
|
1 Year |
3 Years |
5 Years |
Since Inception (a) |
|||||||||||||
|
Innovator S&P Investment Grade Preferred ETF |
||||||||||||||||
|
NAV Return |
-1.32 |
% |
-2.08 |
% |
1.03 |
% |
1.01 |
% | ||||||||
|
Market Return |
-1.11 |
% |
-2.59 |
% |
1.08 |
% |
0.96 |
% | ||||||||
|
S&P U.S. High Quality Preferred Stock Index |
-0.99 |
% |
-1.73 |
% |
1.43 |
% |
1.49 |
% | ||||||||
|
S&P U.S. Preferred Stock Index |
-0.17 |
% |
1.82 |
% |
2.50 |
% |
2.73 |
% | ||||||||
|
(a) |
Inception date is May 23, 2016. |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.47%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
Fund Performance
April 30, 2023 (Unaudited) (Continued)
The line graph and performance table do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund, S&P U.S. High Quality Preferred Stock Index and S&P U.S. Preferred Stock Index include the reinvestment of all dividends, if any.
The S&P U.S. High Quality Preferred Stock Index is designed to provide exposure to U.S. - listed preferred stocks that meet a minimum size, liquidity, type of issuance, and quality criteria.
The S&P U.S. Preferred Stock Index generally represents the U.S. preferred stock market.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at innovatoretfs.com/EPRF.
INNOVATOR LADDERED ALLOCATION POWER BUFFER ETF
Fund Performance
April 30, 2023 (Unaudited)
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Laddered Allocation Power Buffer ETF from its inception (October 19, 2016) to April 30, 2023 as compared with the S&P 500® Index.
|
Average Annual Total Returns As of April 30, 2023 |
|||||||||||||||||
|
1 Year |
3 Years |
5 Years |
Since Inception (a) |
||||||||||||||
|
Innovator Laddered Allocation Power Buffer ETF |
|||||||||||||||||
|
NAV Return |
5.97 |
% |
11.87 |
% |
4.22 |
% |
6.82 |
% |
|||||||||
|
Market Return |
6.00 |
% |
11.89 |
% |
4.26 |
% |
6.85 |
% |
|||||||||
|
S&P 500® Index |
2.66 |
% |
14.52 |
% |
11.45 |
% |
12.75 |
% |
|||||||||
|
Refinitiv Laddered Power Buffer Strategy Index (b) |
6.02 |
% |
N/A |
N/A |
5.25 |
% |
(c) | ||||||||||
|
(a) |
Inception date is October 19, 2016. |
|
(b) |
The Fund began tracking the Refinitiv Laddered Power Buffer Strategy Index on August 11, 2020. |
|
(c) |
Since Inception return is cumulative and from the date the Fund began tracking the Refinitiv Laddered Power Buffer Strategy Index, August 11, 2020. |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the gross and net expense ratios of the Fund were 0.99% and 0.89%, respectively. This expense ratio includes acquired fund fees and expenses of 0.79%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
INNOVATOR LADDERED ALLOCATION POWER BUFFER ETF
Fund Performance
April 30, 2023 (Unaudited) (Continued)
The line graph and performance table do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund, Refinitiv Laddered Power Buffer Strategy Index and S&P 500® Index include the reinvestment of all dividends, if any.
The Refinitiv Laddered Power Buffer Strategy Index is equally weighted in the shares of the twelve Innovator U.S. Equity Power Buffer ETFs which each respectively seek to provide a defined outcome based upon the performance of the S&P 500® Index - Price Return over the course of an approximately one-year time period that begins on the first trading day of the month indicated in the respective ETF's name. Each Innovator U.S. Equity Power Buffer ETF seeks to provide an upside return that is capped for an applicable outcome period and a measure of downside protection from losses for such outcome period. The Index seeks to provide "laddered" investing in the twelve Innovator U.S. Equity Power Buffer ETFs. Laddered investing refers to investments in several similar securities that have different reset dates, with the goal of mitigating timing risks associated with investing in a single investment.
The S&P 500® Index is an unmanaged, capitalization-weighted index generally representative of the U.S. market for large capitalization stocks.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at innovatoretfs.com/BUFF.
INNOVATOR LADDERED ALLOCATION BUFFER ETF
Fund Performance
April 30, 2023 (Unaudited)
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Laddered Allocation Buffer ETF from its inception (February 8, 2022) to April 30, 2023 as compared with the S&P 500® Index.
|
Average Annual Total Returns As of April 30, 2023 |
||||||||
|
1 Year |
Since
|
|||||||
|
Innovator Laddered Allocation Buffer ETF |
||||||||
|
NAV Return |
5.28 |
% |
-0.62 |
% | ||||
|
Market Return |
5.04 |
% |
-0.64 |
% | ||||
|
S&P 500® Index |
2.66 |
% |
-4.83 |
% | ||||
|
MerQube U.S. Large Cap Equity Buffer Laddered Index |
5.39 |
% |
-0.52 |
% | ||||
|
(a) |
Inception date is February 8, 2022. |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the gross and net expense ratios of the Fund were 0.99% and 0.89%, respectively. This expense ratio includes acquired fund fees and expenses of 0.79%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
Fund Performance
April 30, 2023 (Unaudited) (Continued)
The line graph and performance table do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund, MerQube U.S. Large Cap Equity Buffer Laddered Index and S&P 500® Index include the reinvestment of all dividends, if any.
The MerQube U.S. Large Cap Equity Buffer Laddered Index is equally weighted in the shares of the twelve Innovator U.S. Equity Buffer ETFs which each respectively seek to provide a defined outcome based upon the performance of the S&P 500® Index - Price Return over the course of an approximately one-year time period that begins on the first trading day of the month indicated in the respective ETF's name. Each Innovator U.S. Equity Buffer ETF seeks to provide an upside return that is capped for an applicable outcome period and a measure of downside protection from losses for such outcome period. The Index seeks to provide "laddered" investing in the twelve Innovator U.S. Equity Buffer ETFs. Laddered investing refers to investments in several similar securities that have different reset dates, with the goal of mitigating timing risks associated with investing in a single investment.
The S&P 500® Index is an unmanaged, capitalization-weighted index generally representative of the U.S. market for large capitalization stocks.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at innovatoretfs.com/BUFB.
INNOVATOR BUFFER STEP-UP STRATEGY ETF
|
Fund Performance | |
|
April 30, 2023 (Unaudited) |
|
|
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Buffer Step-Up Strategy ETF from its inception (March 7, 2022) to April 30, 2023 as compared with the S&P 500® Index - Price Return and Total Return. |
|
Average Annual Total Returns As of April 30, 2023 |
||||||||
|
1 Year |
Since Inception (a) |
|||||||
|
Innovator Buffer Step-Up Strategy ETF |
||||||||
|
NAV Return |
2.68 |
% |
0.97 |
% | ||||
|
Market Return |
2.73 |
% |
0.88 |
% | ||||
|
S&P 500® Index - Price Return |
0.91 |
% |
-0.66 |
% | ||||
|
S&P 500® Index - Total Return |
2.66 |
% |
1.01 |
% | ||||
|
(a) Inception date is March 7, 2022. |
|
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.89%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com. |
INNOVATOR BUFFER STEP-UP STRATEGY ETF
|
Fund Performance | ||
|
April 30, 2023 (Unaudited) (Continued) |
||
|
The line graph and performance table does not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund and S&P 500® Index - Total Return include the reinvestment of all dividends, if any. Returns shown for the S&P 500® Index - Price Return do not include the reinvestment of dividends, if any. |
|
The S&P 500® Index is an unmanaged, capitalization-weighted index generally representative of the U.S. market for large capitalization stocks. |
|
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses. |
|
You cannot invest directly in an index. |
|
Premium/Discount Information: |
|
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at Innovatoretfs.com/BSTP. |
INNOVATOR POWER BUFFER STEP-UP STRATEGY ETF
|
Fund Performance | |
|
April 30, 2023 (Unaudited) |
|
|
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Power Buffer Step-Up Strategy ETF from its inception (March 7, 2022) to April 30, 2023 as compared with the S&P 500® Index - Price Return and Total Return. |
|
Average Annual Total Returns As of April 30, 2023 |
||||||||
|
1 Year |
Since Inception (a) |
|||||||
|
Innovator Power Buffer Step-Up Strategy ETF |
||||||||
|
NAV Return |
3.57 |
% |
1.93 |
% | ||||
|
Market Return |
3.64 |
% |
1.85 |
% | ||||
|
S&P 500® Index - Price Return |
0.91 |
% |
-0.66 |
% | ||||
|
S&P 500® Index - Total Return |
2.66 |
% |
1.01 |
% | ||||
|
(a) Inception date is March 7, 2022. |
|
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.89%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com. |
|
Fund Performance | ||
|
April 30, 2023 (Unaudited) (Continued) |
||
|
The line graph and performance table does not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund and S&P 500® Index - Total Return include the reinvestment of all dividends, if any. Returns shown for the S&P 500® Index - Price Return do not include the reinvestment of dividends, if any. |
|
The S&P 500® Index is an unmanaged, capitalization-weighted index generally representative of the U.S. market for large capitalization stocks. |
|
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses. |
|
You cannot invest directly in an index. |
|
Premium/Discount Information: |
|
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at Innovatoretfs.com/PSTP. |
INNOVATOR HEDGED TSLA STRATEGY ETF
|
Fund Performance | |
|
April 30, 2023 (Unaudited) |
|
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Hedged TSLA Strategy ETF from its inception (July 25, 2022) to April 30, 2023 as compared with Tesla, Inc. and the NASDAQ-100 Index - Price Return and Total Return.
|
Total Returns As of April 30, 2023 |
||||
|
Since Inception (a) |
||||
|
Innovator Hedged TSLA Strategy ETF |
||||
|
NAV Return |
-8.18 |
% | ||
|
Market Return |
-8.31 |
% | ||
|
Tesla, Inc. |
-38.79 |
% | ||
|
NASDAQ-100 Index - Price Return |
7.44 |
% | ||
|
NASDAQ-100 Index - Total Return |
8.19 |
% | ||
(a) Inception date is July 25, 2022.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.79%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
INNOVATOR HEDGED TSLA STRATEGY ETF
|
Fund Performance | ||
|
April 30, 2023 (Unaudited) (Continued) |
||
The line graph and performance table does not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund, Tesla Inc. and NASDAQ-100 Index - Total Return include the reinvestment of all dividends, if any. Returns shown for the NASDAQ-100 Index - Price Return do not include the reinvestment of dividends, if any.
The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. The NASDAQ-100 Price Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnologies. It does not contain securities of financial companies including investment companies.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at Innovatoretfs.com/TSLH.
INNOVATOR UNCAPPED ACCELERATED U.S. EQUITY ETF
|
Fund Performance | |
|
April 30, 2023 (Unaudited) |
|
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Uncapped Accelerated U.S. Equity ETF from its inception (August 10, 2022) to April 30, 2023 as compared with the S&P 500® Index - Price Return and Total Return.
|
Total Returns As of April 30, 2023 |
||||
|
Since Inception (a) |
||||
|
Innovator Uncapped Accelerated U.S. Equity ETF |
||||
|
NAV Return |
-1.55 |
% | ||
|
Market Return |
-1.69 |
% | ||
|
S&P 500® Index - Price Return |
-0.97 |
% | ||
|
S&P 500® Index - Total Return |
0.29 |
% | ||
(a) Inception date is August 10, 2022.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.79%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
|
Fund Performance | ||
|
April 30, 2023 (Unaudited) (Continued) |
||
The line graph and performance table does not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund and S&P 500® Index - Total Return include the reinvestment of all dividends, if any. Returns shown for the S&P 500® Index - Price Return do not include the reinvestment of dividends, if any.
The S&P 500® Index is an unmanaged, capitalization-weighted index generally representative of the U.S. market for large capitalization stocks.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at Innovatoretfs.com/XUSP.
INNOVATOR EQUITY MANAGED FLOOR ETF
|
Fund Performance | |
|
April 30, 2023 (Unaudited) |
|
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Equity Managed Floor ETF from its inception (November 8, 2022) to April 30, 2023 as compared with the S&P 500® Index - Price Return and Total Return.
|
Total Returns As of April 30, 2023 |
||||
|
Since Inception (a) |
||||
|
Innovator Equity Managed Floor ETF |
||||
|
NAV Return |
8.09 |
% | ||
|
Market Return |
8.04 |
% | ||
|
S&P 500® Index - Price Return |
8.92 |
% | ||
|
S&P 500® Index - Total Return |
9.84 |
% | ||
(a) Inception date is November 8, 2022.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.89%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
INNOVATOR EQUITY MANAGED FLOOR ETF
|
Fund Performance | ||
|
April 30, 2023 (Unaudited) (Continued) |
||
The line graph and performance table does not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund and S&P 500® Index - Total Return include the reinvestment of all dividends, if any. Returns shown for the S&P 500® Index - Price Return do not include the reinvestment of dividends, if any.
The S&P 500® Index is an unmanaged, capitalization-weighted index generally representative of the U.S. market for large capitalization stocks.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at
Innovatoretfs.com/SFLR.
INNOVATOR GRADIENT TACTICAL ROTATION STRATEGY ETF
|
Fund Performance | |
|
April 30, 2023 (Unaudited) |
|
The following chart compares the value of a hypothetical $10,000 investment in the Innovator Gradient Tactical Rotation Strategy ETF from its inception (November 16, 2022) to April 30, 2023 as compared with the S&P Global Broad Market Index - Total Return and S&P 500® Index - Total Return.
|
Total Returns As of April 30, 2023 |
||||
|
Since Inception (a) |
||||
|
Innovator Gradient Tactical Rotation Strategy ETF |
||||
|
NAV Return |
-14.42 |
% | ||
|
Market Return |
-14.66 |
% | ||
|
S&P Global Broad Market Index - Total Return |
6.74 |
% | ||
|
S&P 500® Index - Total Return |
6.12 |
% | ||
(a) Inception date is November 16, 2022.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. As of the latest prospectus, the net expense ratio of the Fund was 0.80%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.
INNOVATOR GRADIENT TACTICAL ROTATION STRATEGY ETF
|
Fund Performance | ||
|
April 30, 2023 (Unaudited) (Continued) |
||
The line graph and performance table do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of Fund shares. Returns shown for the Fund, S&P 500® Index Total Return and S&P Global BMI Total Return Index include the reinvestment of all dividends, if any.
The S&P Global Broad Market Index is a market capitalization-weighted index providing a broad measure of global equities markets.
The S&P 500® Index is an unmanaged, capitalization-weighted index generally representative of the U.S. market for large capitalization stocks.
The Fund’s portfolio holdings may differ significantly from the securities held in the relevant index and, unlike an exchange-traded fund, the performance of an unmanaged index does not reflect deductions for transaction costs, taxes, management fees or other expenses.
You cannot invest directly in an index.
Premium/Discount Information:
Information regarding the differences between the price of the Fund’s shares on the secondary market and the Fund’s net asset value is available at Innovatoretfs.com/IGTR.
INNOVATOR ETFs TRUST
Expense Example
For the Period Ended April 30, 2023 (Unaudited)
As a shareholder of the Funds, you incur two types of costs: (1) ongoing costs, including management fees, and other Fund expenses; and (2) transaction costs, including brokerage commissions on the purchase and sale of Fund shares. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire respective period to April 30, 2023 for each Fund.
Actual Expenses
The first line under each Fund in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 equals 8.6), then multiply the result by the number in the applicable line under the heading titled “Expenses Paid During the Period” to estimate the expenses you paid on your account during the period.
Hypothetical Example for Comparison Purposes
The second line under each Fund in the following table provides information about hypothetical account values and hypothetical expenses based on the Funds’ actual expense ratios and an assumed rate of return of 5% per year before expenses, which are not the Funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds with other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions on the purchase and sale of Fund shares. Therefore, the second line under the Fund in the table is useful in comparing the ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs could have been higher.
INNOVATOR ETFs TRUST
Expense Example
For the Period Ended April 30, 2023 (Unaudited) (Continued)
|
Expenses Paid |
Annualized Expense |
||||||||||||||||
|
Beginning |
Ending |
During |
Ratio for |
||||||||||||||
|
Account Value |
Account Value |
the Period |
the Period |
||||||||||||||
|
Innovator IBD 50® ETF (NAV) |
0.80 |
% | |||||||||||||||
|
Actual |
$ |
1,000.00 |
$ |
911.20 |
$ |
3.79 |
(a) |
||||||||||
|
Hypothetical |
1,000.00 |
1,020.83 |
4.01 |
(a) |
|||||||||||||
|
Innovator IBD® Breakout Opportunities ETF (NAV) |
0.80 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,018.20 |
4.00 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,020.83 |
4.01 |
(a) |
|||||||||||||
|
Innovator Deepwater Frontier Tech ETF (NAV) |
0.70 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,136.30 |
3.71 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,021.32 |
3.51 |
(a) |
|||||||||||||
|
Innovator S&P Investment Grade Preferred ETF (NAV) |
0.47 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,074.90 |
2.42 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,022.46 |
2.36 |
(a) |
|||||||||||||
|
Innovator Laddered Allocation Power Buffer ETF (NAV) |
0.10 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,062.00 |
0.51 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,024.30 |
0.50 |
(a) |
|||||||||||||
|
Innovator Laddered Allocation Buffer ETF (NAV) |
0.10 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,075.50 |
0.51 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,024.30 |
0.50 |
(a) |
|||||||||||||
|
Innovator Buffer Step-Up Strategy ETF (NAV) |
0.89 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,071.50 |
4.57 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,020.38 |
4.46 |
(a) |
|||||||||||||
|
Innovator Power Buffer Step-Up Strategy ETF (NAV) |
0.89 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,065.60 |
4.56 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,020.38 |
4.46 |
(a) |
|||||||||||||
|
Innovator Hedged TSLA Strategy ETF (NAV) |
0.79 |
% | |||||||||||||||
|
Actual |
1,000.00 |
975.50 |
3.87 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,020.88 |
3.96 |
(a) |
|||||||||||||
|
Innovator Uncapped Accelerated U.S. Equity ETF (NAV) |
0.79 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,079.40 |
4.07 |
(a) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,020.88 |
3.96 |
(a) |
|||||||||||||
|
Innovator Equity Managed Floor ETF (NAV) |
0.89 |
% | |||||||||||||||
|
Actual |
1,000.00 |
1,080.90 |
4.39 |
(b) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,020.38 |
4.46 |
(d) |
|||||||||||||
|
Innovator Gradient Tactical Rotation Strategy ETF (NAV) |
0.80 |
% | |||||||||||||||
|
Actual |
1,000.00 |
855.80 |
3.36 |
(c) |
|||||||||||||
|
Hypothetical |
1,000.00 |
1,020.83 |
4.01 |
(d) |
|||||||||||||
|
(a) |
Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the six month period). |
|
(b) |
Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 173/365 (to reflect the period since the Fund’s inception). |
|
(c) |
Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 165/365 (to reflect the period since the Fund’s inception). |
|
(d) |
For comparative purposes only as the Fund was not in operation for the full six month period. |
INNOVATOR IBD® 50 ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) |
|
Shares |
Value |
|||||||
|
COMMON STOCKS - 99.70% |
||||||||
|
Advertising - 1.06% |
||||||||
|
The Trade Desk, Inc. - Class A (a) |
12,798 |
$ |
823,423 |
|||||
|
Apparel - 6.31% |
||||||||
|
Crocs, Inc. (a) |
18,187 |
2,249,186 |
||||||
|
On Holding AG - Class A (a) |
81,740 |
2,652,463 |
||||||
|
4,901,649 |
||||||||
|
Auto Manufacturers - 0.50% |
||||||||
|
PACCAR, Inc. |
5,252 |
392,272 |
||||||
|
Auto Parts & Equipment - 2.59% |
||||||||
|
Mobileye Global, Inc. - Class A (a)(b) |
53,462 |
2,012,310 |
||||||
|
Biotechnology - 6.61% |
||||||||
|
BeiGene Ltd. - ADR (a)(b) |
9,363 |
2,387,190 |
||||||
|
Intra-Cellular Therapies, Inc. (a) |
37,740 |
2,345,541 |
||||||
|
Vertex Pharmaceuticals, Inc. (a) |
1,187 |
404,447 |
||||||
|
5,137,178 |
||||||||
|
Building Materials - 6.71% |
||||||||
|
AAON, Inc. (b) |
24,528 |
2,403,744 |
||||||
|
Tecnoglass, Inc. (b) |
64,053 |
2,808,724 |
||||||
|
5,212,468 |
||||||||
|
Commercial Services - 2.04% |
||||||||
|
Flywire Corp. (a)(b) |
27,161 |
792,286 |
||||||
|
Quanta Services, Inc. |
4,681 |
794,085 |
||||||
|
1,586,371 |
||||||||
|
Distribution & Wholesale - 1.53% |
||||||||
|
Copart, Inc. (a) |
4,979 |
393,590 |
||||||
|
Core & Main, Inc. - Class A (a) |
30,410 |
792,485 |
||||||
|
1,186,075 |
||||||||
|
Electronics - 1.02% |
||||||||
|
Hubbell, Inc. |
2,953 |
795,302 |
||||||
|
Energy-Alternate Sources - 1.99% |
||||||||
|
Array Technologies, Inc. (a) |
75,654 |
1,547,124 |
||||||
INNOVATOR IBD® 50 ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Entertainment - 3.71% |
||||||||
|
DraftKings, Inc. - Class A (a) |
131,683 |
2,885,174 |
||||||
|
Environmental Control - 3.02% |
||||||||
|
Clean Harbors, Inc. (a) |
16,190 |
2,350,140 |
||||||
|
Food - 0.51% |
||||||||
|
The Hershey Co. |
1,466 |
400,306 |
||||||
|
Healthcare - Products - 10.46% |
||||||||
|
Inmode Ltd. (a) |
41,938 |
1,562,610 |
||||||
|
Inspire Medical Systems, Inc. (a)(b) |
8,543 |
2,286,363 |
||||||
|
Lantheus Holdings, Inc. (a) |
18,091 |
1,545,876 |
||||||
|
Shockwave Medical, Inc. (a)(b) |
9,420 |
2,733,307 |
||||||
|
8,128,156 |
||||||||
|
Healthcare - Services - 1.94% |
||||||||
|
Medpace Holdings, Inc. (a) |
7,531 |
1,507,254 |
||||||
|
Home Builders - 10.49% |
||||||||
|
Meritage Homes Corp. (b) |
22,058 |
2,824,527 |
||||||
|
PulteGroup, Inc. (b) |
41,585 |
2,792,433 |
||||||
|
Tri Pointe Homes, Inc. (a) |
88,399 |
2,535,283 |
||||||
|
8,152,243 |
||||||||
|
Internet - 3.07% |
||||||||
|
MercadoLibre, Inc. (a) |
1,865 |
2,382,519 |
||||||
|
Leisure Time - 0.50% |
||||||||
|
Brunswick Corp./DE |
4,622 |
391,899 |
||||||
|
Mining - 0.50% |
||||||||
|
Agnico Eagle Mines Ltd. |
6,869 |
389,678 |
||||||
|
Miscellaneous Manufacturing - 2.89% |
||||||||
|
Axon Enterprise, Inc. (a) |
10,659 |
2,245,958 |
||||||
|
Oil & Gas - 1.51% |
||||||||
|
BP PLC - ADR |
19,479 |
784,614 |
||||||
|
TotalEnergies SE - ADR |
6,057 |
387,224 |
||||||
|
1,171,838 |
||||||||
INNOVATOR IBD® 50 ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Pharmaceuticals – 1.42% |
||||||||
|
Amphastar Pharmaceuticals, Inc. (a) |
20,123 |
719,800 |
||||||
|
Novo Nordisk AS – ADR |
2,327 |
388,819 |
||||||
|
1,108,619 |
||||||||
|
Retail – 12.00% |
||||||||
|
BJ’s Wholesale Club Holdings, Inc. (a) |
5,046 |
385,363 |
||||||
|
Floor & Decor Holdings, Inc. – Class A (a) |
16,365 |
1,625,699 |
||||||
|
Lululemon Athletica, Inc. (a) |
4,118 |
1,564,552 |
||||||
|
Tractor Supply Co. |
6,316 |
1,505,734 |
||||||
|
Ulta Beauty, Inc. (a) |
2,805 |
1,546,761 |
||||||
|
Wingstop, Inc. (b) |
13,479 |
2,697,283 |
||||||
|
9,325,392 |
||||||||
|
Software – 13.77% |
||||||||
|
DoubleVerify Holdings, Inc. (a) |
12,961 |
381,313 |
||||||
|
Duolingo, Inc. (a) |
19,675 |
2,678,948 |
||||||
|
Dynatrace, Inc. (a) |
36,741 |
1,553,410 |
||||||
|
Fiserv, Inc. (a) |
6,487 |
792,192 |
||||||
|
HubSpot, Inc. (a)(b) |
1,848 |
777,916 |
||||||
|
Salesforce, Inc. (a) |
8,020 |
1,590,927 |
||||||
|
Samsara, Inc. – Class A (a)(b) |
120,360 |
2,172,498 |
||||||
|
Sciplay Corp. – Class A (a) |
44,463 |
759,428 |
||||||
|
10,706,632 |
||||||||
|
Telecommunication – 3.55% |
||||||||
|
Arista Networks, Inc. (a) |
17,234 |
2,760,198 |
||||||
|
TOTAL COMMON STOCKS (Cost $74,828,358) |
77,500,178 |
|||||||
|
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING – 29.44% |
Units |
|||||||
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.03% (c) |
22,880,354 |
22,880,354 |
||||||
|
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $22,880,354) |
22,880,354 |
|||||||
INNOVATOR IBD® 50 ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
SHORT TERM INVESTMENTS - 0.23% |
||||||||
|
Money Market Deposit Account - 0.23% |
Principal Amount |
Value |
||||||
|
U.S. Bank Money Market Deposit Account, 4.800% (d) |
$ |
179,182 |
179,182 |
|||||
|
TOTAL SHORT TERM INVESTMENTS (Cost $179,182) |
179,182 |
|||||||
|
Total Investments (Cost $97,887,894) - 129.37% |
100,559,714 |
|||||||
|
Liabilities in Excess of Other Assets - (29.37)% |
(22,829,677 |
) | ||||||
|
TOTAL NET ASSETS - 100.00% |
$ |
77,730,037 |
||||||
|
Asset Type |
% of Net Assets |
|||||||
|
Common Stocks |
99.70 |
% |
||||||
|
Investments Purchased with Proceeds From Securities Lending |
29.44 |
|||||||
|
Short Term Investments |
0.23 |
|||||||
|
Total Investments |
129.37 |
|||||||
|
Liabilities in Excess of Other Assets |
(29.37 |
) |
||||||
|
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 April 30, 2023. The total value of securities on loan is $12,127,505, or 15.60% of net assets. See Note 6. |
|
(c) |
Represents annualized seven-day yield as of the end of the reporting period. |
|
(d) |
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of April 30, 2023. |
INNOVATOR IBD® BREAKOUT OPPORTUNITIES ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) |
|
Shares |
Value |
|||||||
|
COMMON STOCKS - 98.09% |
||||||||
|
Advertising - 2.58% |
||||||||
|
Omnicom Group, Inc. (a) |
3,951 |
$ |
357,842 |
|||||
|
Apparel - 1.90% |
||||||||
|
On Holding AG - Class A (b) |
1,215 |
39,427 |
||||||
|
Skechers USA, Inc. - Class A (b) |
4,212 |
224,036 |
||||||
|
263,463 |
||||||||
|
Banks - 5.69% |
||||||||
|
HDFC Bank Ltd. - ADR |
5,229 |
364,984 |
||||||
|
ICICI Bank Ltd. - ADR |
16,875 |
383,907 |
||||||
|
JPMorgan Chase & Co. |
288 |
39,813 |
||||||
|
788,704 |
||||||||
|
Beverages - 5.05% |
||||||||
|
PepsiCo, Inc. (a) |
1,998 |
381,398 |
||||||
|
The Coca-Cola Co. |
4,968 |
318,697 |
||||||
|
700,095 |
||||||||
|
Biotechnology - 1.83% |
||||||||
|
Intra-Cellular Therapies, Inc. (b) |
3,393 |
210,875 |
||||||
|
Vertex Pharmaceuticals, Inc. (b) |
126 |
42,932 |
||||||
|
253,807 |
||||||||
|
Building Materials - 3.01% |
||||||||
|
PGT Innovations, Inc. (b) |
1,548 |
39,722 |
||||||
|
The AZEK Co., Inc. (b) |
13,896 |
377,138 |
||||||
|
416,860 |
||||||||
|
Commercial Services - 4.23% |
||||||||
|
Cintas Corp. |
234 |
106,650 |
||||||
|
FTI Consulting, Inc. (b) |
1,080 |
194,940 |
||||||
|
Insperity, Inc. (a) |
1,638 |
200,590 |
||||||
|
Quanta Services, Inc. (a) |
243 |
41,223 |
||||||
|
Rollins, Inc. |
1,026 |
43,348 |
||||||
|
586,751 |
||||||||
|
Computers - 1.61% |
||||||||
|
ExlService Holdings, Inc. (b) |
1,251 |
223,153 |
||||||
|
Diversified Financial Services - 1.05% |
||||||||
|
Mastercard, Inc. - Class A |
279 |
106,028 |
||||||
|
Visa, Inc. - Class A (a) |
171 |
39,797 |
||||||
|
145,825 |
||||||||
INNOVATOR IBD® BREAKOUT OPPORTUNITIES ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Environmental Control - 5.65% |
||||||||
|
Energy Recovery, Inc. (b) |
1,791 |
40,351 |
||||||
|
Republic Services, Inc. |
1,530 |
221,269 |
||||||
|
Waste Connections, Inc. |
1,458 |
202,881 |
||||||
|
Waste Management, Inc. |
1,926 |
319,812 |
||||||
|
784,313 |
||||||||
|
Food - 2.71% |
||||||||
|
General Mills, Inc. |
4,239 |
375,703 |
||||||
|
Food Service - 2.32% |
||||||||
|
Sovos Brands, Inc. (b) |
18,792 |
322,283 |
||||||
|
Healthcare - Products - 6.01% |
||||||||
|
Hologic, Inc. (b) |
3,780 |
325,118 |
||||||
|
Insulet Corp. (a)(b) |
126 |
40,073 |
||||||
|
Intuitive Surgical, Inc. (b) |
1,062 |
319,896 |
||||||
|
ResMed, Inc. |
180 |
43,373 |
||||||
|
Stryker Corp. |
351 |
105,177 |
||||||
|
833,637 |
||||||||
|
Healthcare - Services - 0.28% |
||||||||
|
The Ensign Group, Inc. |
405 |
39,321 |
||||||
|
Home Builders - 0.31% |
||||||||
|
PulteGroup, Inc. (a) |
648 |
43,513 |
||||||
|
Insurance - 3.80% |
||||||||
|
Aon PLC - Class A (a) |
954 |
310,222 |
||||||
|
Arch Capital Group Ltd. (b) |
1,476 |
110,803 |
||||||
|
Kinsale Capital Group, Inc. (a) |
324 |
105,854 |
||||||
|
526,879 |
||||||||
|
Internet - 1.44% |
||||||||
|
Palo Alto Networks, Inc. (a)(b) |
1,098 |
200,341 |
||||||
|
Leisure Time - 2.65% |
||||||||
|
Life Time Group Holdings, Inc. (a)(b) |
17,703 |
368,045 |
||||||
|
Media - 0.75% |
||||||||
|
World Wrestling Entertainment, Inc. - Class A (a) |
972 |
104,169 |
||||||
INNOVATOR IBD® BREAKOUT OPPORTUNITIES ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Mining - 1.53% |
||||||||
|
Franco-Nevada Corp. (a) |
1,395 |
211,733 |
||||||
|
Oil & Gas - 13.82% |
||||||||
|
BP PLC - ADR |
8,019 |
323,006 |
||||||
|
Civitas Resources, Inc. (a) |
3,042 |
210,050 |
||||||
|
Denbury, Inc. (b) |
2,295 |
214,307 |
||||||
|
Exxon Mobil Corp. |
2,745 |
324,843 |
||||||
|
Hess Corp. |
2,214 |
321,163 |
||||||
|
Shell PLC - ADR |
6,039 |
374,297 |
||||||
|
TotalEnergies SE - ADR |
1,674 |
107,019 |
||||||
|
Weatherford International PLC (b) |
648 |
41,880 |
||||||
|
1,916,565 |
||||||||
|
Oil & Gas Services - 0.29% |
||||||||
|
Atlas Energy Solutions, Inc. - Class A (b) |
2,232 |
40,265 |
||||||
|
Pharmaceuticals - 6.11% |
||||||||
|
AbbVie, Inc. |
1,305 |
197,212 |
||||||
|
Protagonist Therapeutics, Inc. (b) |
13,239 |
299,201 |
||||||
|
Sanofi - ADR |
6,543 |
351,032 |
||||||
|
847,445 |
||||||||
|
Pipelines - 2.67% |
||||||||
|
Targa Resources Corp. (a) |
4,905 |
370,475 |
||||||
|
Retail - 9.47% |
||||||||
|
Academy Sports & Outdoors, Inc. (a) |
5,562 |
353,298 |
||||||
|
Dick's Sporting Goods, Inc. (a) |
711 |
103,102 |
||||||
|
Lululemon Athletica, Inc. (b) |
108 |
41,033 |
||||||
|
O'Reilly Automotive, Inc. (b) |
117 |
107,325 |
||||||
|
Restaurant Brands International, Inc. (a) |
5,337 |
374,284 |
||||||
|
Wingstop, Inc. |
1,674 |
334,984 |
||||||
|
1,314,026 |
||||||||
|
Software - 5.34% |
||||||||
|
Adobe, Inc. (b) |
279 |
105,339 |
||||||
|
Cadence Design Systems, Inc. (b) |
495 |
103,678 |
||||||
|
Fiserv, Inc. (b) |
909 |
111,007 |
||||||
|
Intuit, Inc. |
90 |
39,956 |
||||||
|
Roper Technologies, Inc. |
837 |
380,651 |
||||||
|
740,631 |
||||||||
INNOVATOR IBD® BREAKOUT OPPORTUNITIES ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Telecommunications - 0.79% |
||||||||
|
Arista Networks, Inc. (a)(b) |
684 |
109,549 |
||||||
|
Transportation - 5.20% |
||||||||
|
Old Dominion Freight Line, Inc. |
117 |
37,486 |
||||||
|
XPO, Inc. (b) |
7,227 |
319,289 |
||||||
|
ZTO Express Cayman, Inc. - ADR |
13,158 |
364,213 |
||||||
|
720,988 |
||||||||
|
TOTAL COMMON STOCKS (Cost $13,196,855) |
13,606,381 |
|||||||
|
MASTER LIMITED PARTNERSHIPS - 1.50% |
||||||||
|
Pipelines - 1.50% |
||||||||
|
Enterprise Products Partners LP |
7,911 |
208,138 |
||||||
|
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $207,172) |
208,138 |
|||||||
|
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 20.48% |
Units |
|||||||
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.03% (c) |
2,841,107 |
2,841,107 |
||||||
|
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $2,841,107) |
2,841,107 |
|||||||
|
SHORT TERM INVESTMENTS - 0.40% |
||||||||
|
Money Market Deposit Account - 0.40% |
Principal Amount |
Value |
||||||
|
U.S. Bank Money Market Deposit Account, 4.800% (d) |
$ |
55,992 |
55,992 |
|||||
|
TOTAL SHORT TERM INVESTMENTS (Cost $55,992) |
55,992 |
|||||||
|
Total Investments (Cost $16,301,126) - 120.47% |
16,711,618 |
|||||||
|
Liabilities in Excess of Other Assets - (20.47)% |
(2,839,207 |
) | ||||||
|
TOTAL NET ASSETS - 100.00% |
$ |
13,872,411 |
||||||
INNOVATOR IBD® BREAKOUT OPPORTUNITIES ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Asset Type |
% of Net Assets |
|||
|
Common Stocks |
98.09 |
% | ||
|
Master Limited Partnerships |
1.50 | |||
|
Investments Purchased with Proceeds From Securities Lending |
20.48 | |||
|
Short Term Investments |
0.40 | |||
|
Total Investments |
120.47 | |||
|
Liabilities in Excess of Other Assets |
(20.47 |
) | ||
|
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 April 30, 2023. The total value of securities on loan is $2,784,482, or 20.07% of net assets. See Note 6. |
|
(b) |
Non-income producing security. |
|
(c) |
Represents annualized seven-day yield as of the end of the reporting period. |
|
(d) |
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of April 30, 2023. |
INNOVATOR DEEPWATER FRONTIER TECH ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) |
|
Shares |
Value |
|||||||
|
COMMON STOCKS - 96.93% |
||||||||
|
Aerospace & Defense - 5.87% |
||||||||
|
AeroVironment, Inc. (a)(b) |
10,223 |
$ |
1,029,354 |
|||||
|
Lockheed Martin Corp. |
2,207 |
1,025,041 |
||||||
|
2,054,395 |
||||||||
|
Auto Parts & Equipment - 7.86% |
||||||||
|
LG Energy Solution Ltd. (a) |
4,052 |
1,758,975 |
||||||
|
Mobileye Global, Inc. - Class A (a)(b) |
26,434 |
994,976 |
||||||
|
2,753,951 |
||||||||
|
Banks - 5.95% |
||||||||
|
NU Holdings Ltd./Cayman Islands - Class A (a) |
404,038 |
2,084,836 |
||||||
|
Commercial Services - 9.45% |
||||||||
|
Adyen NV (a) |
712 |
1,139,175 |
||||||
|
Block, Inc. (a)(b) |
16,508 |
1,003,521 |
||||||
|
GXO Logistics, Inc. (a)(b) |
21,976 |
1,167,585 |
||||||
|
3,310,281 |
||||||||
|
Computers - 7.83% |
||||||||
|
AutoStore Holdings Ltd. (a) |
482,143 |
1,032,868 |
||||||
|
Crowdstrike Holdings, Inc. - Class A (a)(b) |
14,251 |
1,710,832 |
||||||
|
2,743,700 |
||||||||
|
Electrical Components & Equipment - 3.09% |
||||||||
|
Novanta, Inc. (a) |
7,081 |
1,082,260 |
||||||
|
Electronics - 2.96% |
||||||||
|
Trimble, Inc. (a) |
22,038 |
1,037,990 |
||||||
|
Internet - 3.06% |
||||||||
|
Uber Technologies, Inc. (a) |
34,497 |
1,071,132 |
||||||
|
Miscellaneous Manufacturing - 2.97% |
||||||||
|
Axon Enterprise, Inc. (a)(b) |
4,926 |
1,037,957 |
||||||
|
Semiconductors - 23.99% |
||||||||
|
Advanced Micro Devices, Inc. (a) |
11,467 |
1,024,806 |
||||||
|
ams-OSRAM AG (a) |
159,257 |
1,093,962 |
||||||
|
Applied Materials, Inc. (b) |
9,394 |
1,061,804 |
||||||
|
ASML Holding NV |
1,663 |
1,050,919 |
||||||
INNOVATOR DEEPWATER FRONTIER TECH ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Micron Technology, Inc. |
17,315 |
1,114,393 |
||||||
|
Skyworks Solutions, Inc. (b) |
9,791 |
1,036,867 |
||||||
|
Taiwan Semiconductor Manufacturing Co. Ltd. |
64,000 |
1,045,068 |
||||||
|
Teradyne, Inc. (b) |
10,656 |
973,745 |
||||||
|
8,401,564 |
||||||||
|
Software - 20.82% |
||||||||
|
Adobe, Inc. (a) |
2,914 |
1,100,210 |
||||||
|
Alteryx, Inc. - Class A (a)(b) |
33,820 |
1,391,017 |
||||||
|
Palantir Technologies, Inc. - Class A (a) |
130,603 |
1,012,173 |
||||||
|
Pegasystems, Inc. (b) |
23,217 |
1,059,160 |
||||||
|
Take-Two Interactive Software, Inc. (a)(b) |
9,041 |
1,123,706 |
||||||
|
Unity Software, Inc. (a)(b) |
59,549 |
1,606,036 |
||||||
|
7,292,302 |
||||||||
|
Telecommunications - 3.08% |
||||||||
|
Arista Networks, Inc. (a) |
6,724 |
1,076,916 |
||||||
|
TOTAL COMMON STOCKS (Cost $35,796,707) |
33,947,284 |
|||||||
|
PREFERRED STOCKS - 3.06% |
||||||||
|
Auto Manufacturers - 3.06% |
||||||||
|
Dr Ing hc F Porsche AG (a) |
8,567 |
1,070,498 |
||||||
|
TOTAL PREFERRED STOCKS (Cost $761,334) |
1,070,498 |
|||||||
|
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 32.46% |
Units |
|||||||
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.03% (c) |
11,367,570 |
11,367,570 |
||||||
|
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $11,367,570) |
11,367,570 |
|||||||
INNOVATOR DEEPWATER FRONTIER TECH ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
SHORT TERM INVESTMENTS - 0.04% |
||||||||
|
Money Market Deposit Account - 0.04% |
Principal Amount |
Value |
||||||
|
U.S. Bank Money Market Deposit Account, 4.800% (d) |
$ |
13,673 |
13,673 |
|||||
|
TOTAL SHORT TERM INVESTMENTS (Cost $13,673) |
13,673 |
|||||||
|
Total Investments (Cost $47,939,284) - 132.49% |
46,399,025 |
|||||||
|
Liabilities in Excess of Other Assets - (32.49)% |
(11,378,018 |
) | ||||||
|
TOTAL NET ASSETS - 100.00% |
$ |
35,021,007 |
||||||
|
Country |
% of Net Assets |
|||||||
|
Austria |
3.12 |
% |
||||||
|
Brazil |
5.95 |
|||||||
|
Germany |
3.06 |
|||||||
|
Israel |
2.84 |
|||||||
|
Netherlands |
6.25 |
|||||||
|
Norway |
2.95 |
|||||||
|
South Korea |
5.02 |
|||||||
|
Taiwan |
2.99 |
|||||||
|
United States |
67.81 |
|||||||
|
Total Country |
99.99 |
|||||||
|
Investments Purchased with Proceeds From Securities Lending |
32.46 |
|||||||
|
Short Term Investments |
0.04 |
|||||||
|
Total Investments |
132.49 |
|||||||
|
Liabilities in Excess of Other Assets |
(32.49 |
) |
||||||
|
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 April 30, 2023. The total value of securities on loan is $10,960,217, or 31.30% of net assets. See Note 6. |
|
(c) |
Represents annualized seven-day yield as of the end of the reporting period. |
|
(d) |
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of April 30, 2023. |
INNOVATOR S&P INVESTMENT GRADE PREFERRED ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) |
|
Shares |
Value |
|||||||
|
PREFERRED STOCKS - 99.31% (a) |
||||||||
|
Banks - 36.66% (c) |
||||||||
|
Bank of America Corp., Series 02, 5.603% to 05/30/2023 then 3-Month USD Libor + 0.650% |
19,172 |
$ |
401,845 |
|||||
|
Bank of America Corp., Series 4, 5.703% to 05/30/2023 then 3-Month USD Libor + 0.750% |
18,632 |
400,774 |
||||||
|
Bank of America Corp., Series 5, 5.415% to 05/21/2023 then 3-Month USD Libor + 0.500% |
19,330 |
396,265 |
||||||
|
Bank of America Corp., Series E, 5.214% to 05/15/2023 then 3-Month USD Libor + 0.350% |
19,144 |
388,623 |
||||||
|
Bank of America Corp., Series GG, 6.000% |
15,813 |
393,744 |
||||||
|
Bank of America Corp., Series HH, 5.875% |
16,197 |
402,981 |
||||||
|
Bank of America Corp., Series KK, 5.375% |
16,846 |
398,913 |
||||||
|
Bank of America Corp., Series LL, 5.000% (b) |
18,007 |
401,016 |
||||||
|
Bank of America Corp., Series NN, 4.375% |
20,476 |
398,258 |
||||||
|
Bank of America Corp., Series PP, 4.125% |
21,826 |
400,071 |
||||||
|
Bank of America Corp., Series QQ, 4.250% |
20,995 |
396,596 |
||||||
|
Bank of America Corp., Series SS, 4.750% |
18,800 |
392,920 |
||||||
|
Bank of Hawaii Corp., Series A, 4.375% |
288,901 |
4,524,190 |
||||||
|
Cullen/Frost Bankers, Inc., Series B, 4.450% |
253,554 |
4,941,767 |
||||||
|
JPMorgan Chase & Co., Series DD, 5.750% |
31,589 |
796,359 |
||||||
|
JPMorgan Chase & Co., Series EE, 6.000% |
31,082 |
795,078 |
||||||
|
JPMorgan Chase & Co., Series GG, 4.750% |
35,787 |
802,345 |
||||||
|
JPMorgan Chase & Co., Series JJ, 4.550% (b) |
37,229 |
792,978 |
||||||
|
JPMorgan Chase & Co., Series LL, 4.625% |
36,696 |
787,496 |
||||||
|
JPMorgan Chase & Co., Series MM, 4.200% (b) |
39,311 |
793,689 |
||||||
|
Morgan Stanley, Series A, 5.960% to 07/17/2023 then 3-Month USD Libor + 0.700% |
29,137 |
599,639 |
||||||
|
Morgan Stanley, Series E, 7.125% to 10/15/2023 then 3-Month USD Libor + 4.320% |
23,468 |
597,965 |
||||||
INNOVATOR S&P INVESTMENT GRADE PREFERRED ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Morgan Stanley, Series F, 6.875% to 01/15/2024 then 3-Month USD Libor + 3.940% |
23,930 |
607,343 |
||||||
|
Morgan Stanley, Series I, 6.375% to 10/15/2024 then 3-Month USD Libor + 3.708% |
24,007 |
603,296 |
||||||
|
Morgan Stanley, Series K, 5.850% to 04/15/2027 then 3-Month USD Libor + 3.491% (b) |
23,882 |
597,289 |
||||||
|
Morgan Stanley, Series L, 4.875% (b) |
26,582 |
612,715 |
||||||
|
Morgan Stanley, Series O, 4.250% |
31,131 |
607,366 |
||||||
|
Morgan Stanley, Series P, 6.500% |
23,203 |
606,526 |
||||||
|
Northern Trust Corp., Series E, 4.700% |
208,339 |
4,687,628 |
||||||
|
State Street Corp., Series D, 5.900% to 03/15/2024 then 3-Month USD Libor + 3.108% (b) |
98,488 |
2,393,258 |
||||||
|
State Street Corp., Series G, 5.350% to 03/15/2026 then 3-Month USD Libor + 3.709% (b) |
93,577 |
2,378,727 |
||||||
|
Truist Financial Corp., Series O, 5.250% (b) |
102,248 |
2,406,918 |
||||||
|
Truist Financial Corp., Series R, 4.750% (b) |
112,744 |
2,422,869 |
||||||
|
US Bancorp., Series B, 5.860% to 07/17/2023 then 3-Month USD Libor + 0.600% |
49,092 |
915,075 |
||||||
|
US Bancorp., Series K, 5.500% |
38,566 |
919,028 |
||||||
|
US Bancorp., Series L, 3.750% |
52,803 |
901,347 |
||||||
|
US Bancorp., Series M, 4.000% |
50,389 |
911,537 |
||||||
|
US Bancorp., Series O, 4.500% |
44,654 |
914,514 |
||||||
|
42,688,948 |
||||||||
|
Capital Markets - 4.36% |
||||||||
|
KKR & Co., Inc., Series C, 6.000%, 09/15/2023 |
79,487 |
5,076,835 |
||||||
|
Close-End Funds - 4.17% |
||||||||
|
The Gabelli Dividend & Income Trust, Series K, 4.250% |
240,080 |
4,859,147 |
||||||
INNOVATOR S&P INVESTMENT GRADE PREFERRED ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Diversified Financial Services - 5.72% |
||||||||
|
Apollo Asset Management, Inc., Series A, 6.375% |
30,239 |
747,206 |
||||||
|
Apollo Asset Management, Inc., Series B, 6.375% |
29,378 |
743,851 |
||||||
|
The Charles Schwab Corp., Series D, 5.950% |
100,566 |
2,531,246 |
||||||
|
The Charles Schwab Corp., Series J, 4.450% (b) |
127,455 |
2,640,868 |
||||||
|
6,663,171 |
||||||||
|
Insurance - 36.25% (c) |
||||||||
|
Arch Capital Group Ltd., Series F, 5.450% |
103,762 |
2,408,316 |
||||||
|
Arch Capital Group Ltd., Series G, 4.550% |
123,942 |
2,377,207 |
||||||
|
Athene Holding Ltd., Series A, 6.350% to 06/30/2029 then 3-Month USD Libor + 4.253% |
31,058 |
673,648 |
||||||
|
Athene Holding Ltd., Series B, 5.625% (b) |
33,545 |
673,248 |
||||||
|
Athene Holding Ltd., Series C, 6.375% to 09/30/2025 then Five-Year Treasury Constant Maturity + 5.970% |
28,794 |
649,305 |
||||||
|
Athene Holding Ltd., Series D, 4.875% |
40,486 |
676,521 |
||||||
|
Athene Holding Ltd., Series E, 7.750% to 12/30/2027 then Five-Year Treasury Constant Maturity + 3.962% |
27,920 |
690,182 |
||||||
|
Axis Capital Holdings Ltd., Series E, 5.500% |
222,956 |
5,063,331 |
||||||
|
Equitable Holdings, Inc., Series A, 5.250% |
109,784 |
2,357,062 |
||||||
|
Equitable Holdings, Inc., Series C, 4.300% |
133,449 |
2,354,040 |
||||||
|
Lincoln National Corp., Series D, 9.000% (b) |
188,263 |
4,964,495 |
||||||
|
MetLife, Inc., Series A, 5.866% to 06/15/2023 then 3-Month USD Libor + 1.000% |
67,932 |
1,600,478 |
||||||
|
MetLife, Inc., Series E, 5.625% |
63,456 |
1,586,400 |
||||||
|
MetLife, Inc., Series F, 4.750% |
71,285 |
1,556,152 |
||||||
|
RenaissanceRe Holdings Ltd., Series F, 5.750% |
100,821 |
2,435,835 |
||||||
|
RenaissanceRe Holdings Ltd., Series G, 4.200% |
137,769 |
2,525,306 |
||||||
|
The Allstate Corp., 8.438% to 07/15/2023 then 3-Month USD Libor + 3.165%, 01/15/2053 |
62,311 |
1,585,815 |
||||||
|
The Allstate Corp., Series H, 5.100% |
70,808 |
1,688,771 |
||||||
|
The Allstate Corp., Series I, 4.750% |
71,381 |
1,708,147 |
||||||
|
The Hartford Financial Services Group, Inc., Series G, 6.000% |
186,934 |
4,628,486 |
||||||
|
42,202,745 |
||||||||
INNOVATOR S&P INVESTMENT GRADE PREFERRED ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
Shares |
Value |
|||||||
|
Real Estate Investment Trusts - 8.30% |
||||||||
|
Kimco Realty Corp., Series L, 5.125% |
106,640 |
2,418,595 |
||||||
|
Kimco Realty Corp., Series M, 5.250% |
105,135 |
2,405,489 |
||||||
|
Public Storage, Series F, 5.150% |
14,152 |
348,564 |
||||||
|
Public Storage, Series G, 5.050% |
14,140 |
345,723 |
||||||
|
Public Storage, Series H, 5.600% |
13,285 |
340,362 |
||||||
|
Public Storage, Series I, 4.875% |
15,295 |
351,479 |
||||||
|
Public Storage, Series J, 4.700% |
15,741 |
343,469 |
||||||
|
Public Storage, Series K, 4.750% |
15,633 |
343,613 |
||||||
|
Public Storage, Series L, 4.625% |
16,046 |
349,321 |
||||||
|
Public Storage, Series M, 4.125% |
17,939 |
347,120 |
||||||
|
Public Storage, Series N, 3.875% |
18,535 |
346,234 |
||||||
|
Public Storage, Series O, 3.900% |
18,465 |
345,480 |
||||||
|
Public Storage, Series P, 4.000% |
18,015 |
347,870 |
||||||
|
Public Storage, Series Q, 3.950% |
18,555 |
341,412 |
||||||
|
Public Storage, Series R, 4.000% |
18,203 |
340,396 |
||||||
|
Public Storage, Series S, 4.100% |
18,092 |
347,547 |
||||||
|
9,662,674 |
||||||||
|
Savings & Loans - 3.85% |
||||||||
|
Washington Federal, Inc., Series A, 4.875% |
285,438 |
4,481,377 |
||||||
|
TOTAL PREFERRED STOCKS (Cost $134,729,452) |
115,634,897 |
|||||||
|
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 8.84% |
Units |
|||||||
|
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $10,291,453) |
10,291,453 |
|||||||
INNOVATOR S&P INVESTMENT GRADE PREFERRED ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
SHORT TERM INVESTMENTS - 1.00% |
||||||||
|
Money Market Deposit Account - 1.00% |
Principal Amount |
Value |
||||||
|
U.S. Bank Money Market Deposit Account, 4.800% (e) |
$ |
1,164,794 |
1,164,794 |
|||||
|
TOTAL SHORT TERM INVESTMENTS (Cost $1,164,794) |
1,164,794 |
|||||||
|
Total Investments (Cost $146,185,699) - 109.15% |
127,091,144 |
|||||||
|
Liabilities in Excess of Other Assets - (9.15)% |
(10,658,788 |
) | ||||||
|
TOTAL NET ASSETS - 100.00% |
$ |
116,432,356 |
||||||
|
Asset Type |
% of Net Assets |
|||||||
|
Preferred Stocks |
99.31 |
% |
||||||
|
Investments Purchased with Proceeds From Securities Lending |
8.84 |
|||||||
|
Short Term Investments |
1.00 |
|||||||
|
Total Investments |
109.15 |
|||||||
|
Liabilities in Excess of Other Assets |
(9.15 |
) |
||||||
|
Net Assets |
100.00 |
% |
||||||
Percentages are stated as a percent of net assets.
USD - United States Dollar
Libor - London Interbank Offered Rate
|
(a) |
Securities with no stated maturity date are perpetual in nature. |
|
(b) |
All or a portion of this security is on loan as of April 30, 2023. The total value of securities on loan is $10,053,416, or 8.63% of net assets. See Note 6. |
|
(c) |
To the extent that the Index concentrates in the securities of issuers in a particular industry or sector, the Fund will also concentrate its investments to approximately the same extent. |
|
(d) |
Represents annualized seven-day yield as of the end of the reporting period. |
|
(e) |
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of April 30, 2023. |
INNOVATOR LADDERED ALLOCATION POWER BUFFER ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) |
|
Shares |
Value |
|||||||
|
AFFILIATED EXCHANGE TRADED FUNDS - 99.89% (a) |
||||||||
|
Innovator U.S. Equity Power Buffer ETF - January |
551,908 |
$ |
18,560,666 |
|||||
|
Innovator U.S. Equity Power Buffer ETF - February |
627,832 |
18,558,714 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - March (b) |
571,532 |
18,551,929 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - April (b) |
624,080 |
18,553,898 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - May (b) |
642,006 |
18,425,572 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - June |
598,747 |
18,458,711 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - July (b) |
578,689 |
18,587,492 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - August (b) |
622,335 |
18,514,466 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - September (b) |
597,876 |
18,540,135 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - October |
578,689 |
18,564,343 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - November |
576,525 |
18,575,636 |
||||||
|
Innovator U.S. Equity Power Buffer ETF - December |
585,100 |
18,541,819 |
||||||
|
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $211,767,919) |
222,433,381 |
|||||||
|
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.58% |
Units |
|||||||
|
Mount Vernon Liquid Assets Portfolio, LLC, 5.03% (c) |
3,518,125 |
3,518,125 |
||||||
|
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $3,518,125) |
3,518,125 |
|||||||
INNOVATOR LADDERED ALLOCATION POWER BUFFER ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) (Continued) |
|
SHORT TERM INVESTMENTS - 0.11% |
||||||||
|
Money Market Deposit Account - 0.11% |
Principal Amount |
Value |
||||||
|
U.S. Bank Money Market Deposit Account, 4.800% (d) |
$ |
248,607 |
248,607 |
|||||
|
TOTAL SHORT TERM INVESTMENTS (Cost $248,607) |
248,607 |
|||||||
|
Total Investments (Cost $215,534,651) - 101.58% |
226,200,113 |
|||||||
|
Liabilities in Excess of Other Assets - (1.58)% |
(3,518,846 |
) | ||||||
|
TOTAL NET ASSETS - 100.00% |
$ |
222,681,267 |
||||||
|
Asset Type |
% of Net Assets |
|||||||
|
Affiliated Exchange Traded Funds |
99.89 |
% |
||||||
|
Investments Purchased with Proceeds From Securities Lending |
1.58 |
|||||||
|
Short Term Investments |
0.11 |
|||||||
|
Total Investments |
101.58 |
|||||||
|
Liabilities in Excess of Other Assets |
(1.58 |
) |
||||||
|
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 April 30, 2023. The total value of securities on loan is $3,451,289, or 1.55% of net assets. See Note 6. |
|
(c) |
Represents annualized seven-day yield as of the end of the reporting period. |
|
(d) |
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of April 30, 2023. |
INNOVATOR LADDERED ALLOCATION BUFFER ETF
|
Schedule of Investments |
|
April 30, 2023 (Unaudited) |
|
Shares |
Value |
|||||||
|
AFFILIATED EXCHANGE TRADED FUNDS - 99.96% (a) |
||||||||
|
Innovator U.S. Equity Buffer ETF - January |
83,777 |
$ |
2,987,990 |
|||||
|
Innovator U.S. Equity Buffer ETF - February |
92,209 |
2,987,987 |
||||||
|
Innovator U.S. Equity Buffer ETF - March |
84,996 |
2,991,859 |
||||||
|
Innovator U.S. Equity Buffer ETF - April |
88,057 |
2,986,902 |
||||||
|
Innovator U.S. Equity Buffer ETF - May |
98,254 |
2,964,883 |
||||||
|
Innovator U.S. Equity Buffer ETF - June |
92,360 |
2,972,200 |
||||||
|
Innovator U.S. Equity Buffer ETF - July |
90,289 |
2,985,677 |
||||||
|
Innovator U.S. Equity Buffer ETF - August |
93,631 |
2,979,338 |
||||||
|
Innovator U.S. Equity Buffer ETF - September |
91,871 |
2,982,739 |
||||||
|
Innovator U.S. Equity Buffer ETF - October |
87,247 |
2,990,243 |
||||||
|
Innovator U.S. Equity Buffer ETF - November |
93,483 |
2,988,652 |
||||||
|
Innovator U.S. Equity Buffer ETF - December |
87,245 |
2,986,004 |
||||||
|
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $34,267,393) |
35,804,474 |
|||||||
|
SHORT TERM INVESTMENTS - 0.05% |
||||||||
|
Money Market Deposit Account - 0.05% |
Principal Amount |
|||||||
|
U.S. Bank Money Market Deposit Account, 4.800% (b) |
$ |
16,019 |
16,019 |
|||||
|
TOTAL SHORT TERM INVESTMENTS (Cost $16,019) |
16,019 |
|||||||
|
Total Investments (Cost $34,283,412) - 100.01% |
35,820,493 |
|||||||
|
Liabilities in Excess of Other Assets - (0.01)% |
(2,877 |
) | ||||||
|
TOTAL NET ASSETS - 100.00% |
$ |
35,817,616 |
||||||
|
Asset Type |
% of Net Assets |
|||||||
|
Affiliated Exchange Traded Funds |
99.96 |
% |
||||||
|
Short Term Investments |
0.05 |
|||||||
|
Total Investments |
100.01 |
|||||||
|
Liabilities in Excess of Other Assets |
(0.01 |
) |
||||||
|
Net Assets |
100.00 |
% |
||||||
Percentages are stated as a percent of net assets.
|
(a) |
Non-income producing security. |
|
(b) |
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of April 30, 2023. |
INNOVATOR BUFFER STEP-UP STRATEGY ETF
|
Schedule of Investments |
|||||
|
April 30, 2023 (Unaudited) |
|
Contracts |
Notional Amount |
Value |
||||||||||
|
PURCHASED OPTIONS - 103.74% (a)(b) |
||||||||||||
|
CALL OPTIONS - 99.62% |
||||||||||||
|
SPY SPDR S&P 500® Trust ETF, Expires 2/29/2024, Strike Price $3.99 |
771 |
$ |
32,068,203 |
$ |
31,440,463 |
|||||||
|
31,440,463 |
||||||||||||
|
PUT OPTIONS - 4.12% |
||||||||||||
|
SPY SPDR S&P 500® Trust ETF, Expires 2/29/2024, Strike Price $396.25 |
771 |
32,068,203 |
1,299,312 |
|||||||||
|
1,299,312 |
||||||||||||
|
TOTAL PURCHASED OPTIONS (Cost $31,672,340) |
32,739,775 |
|||||||||||
|
SHORT TERM INVESTMENTS - 0.07% |
Principal Amount |
|||||||||||
|
Money Market Deposit Account- 0.07% |
||||||||||||
|
U.S. Bank Money Market Deposit Account, 4.800% (c) |
$ |
21,288 |
21,288 |
|||||||||
|
TOTAL SHORT TERM INVESTMENTS (Cost $21,288) |
21,288 |
|||||||||||
|
Total Investments (Cost $31,693,628) - 103.81% |
32,761,063 |
|||||||||||
|
Liabilities in Excess of Other Assets - (3.81)% |
(1,201,790 |
) | ||||||||||
|
TOTAL NET ASSETS - 100.00% |
$ |
31,559,273 |
||||||||||
INNOVATOR BUFFER STEP-UP STRATEGY ETF
|
Schedule of Investments |
|||||
|
April 30, 2023 (Unaudited) (Continued) |
|
Asset Type |
% of Net Assets |
|||
|
Purchased Options |
103.74 |
% | ||
|
Short Term Investments |
0.07 |
|||
|
Total Investments |
103.81 |
|||
|
Liabilities in Excess of Other Assets |
(3.81 |
) | ||
|
Net Assets |
100.00 |
% | ||
Percentages are stated as a percent of net assets.
|
(a) |
Exchange-Traded. |
|
(b) |
Purchased option contracts are held in connection with corresponding option contracts written short. |
|
(c) |
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of April 30, 2023. |
|
Schedule of Options Written (a) |
||||||||||||||||||||
|
April 30, 2023 (Unaudited) (Continued) |
||||||||||||||||||||
|
Description |
Expiration |
Strike Price |
Contracts |
Notional Amount |
Value |
|||||||||||||||
|
Call Options |
||||||||||||||||||||
|
SPY SPDR S&P 500® Trust ETF |
2/29/2024 |
$ |
479.47 |
771 |
$ |
(32,068,203 |
) |
$ |
(398,445 |
) | ||||||||||
|
(398,445 |
) | |||||||||||||||||||
|
Put Options |
||||||||||||||||||||
|
SPY SPDR S&P 500® Trust ETF |
2/29/2024 |
360.61 |
771 |
(32,068,203 |
) |
(780,661 |
) | |||||||||||||
|
(780,661 |
) | |||||||||||||||||||
|
Total Options Written (Premiums Received $1,410,369) |
||||||||||||||||||||