inetfs20221224

TABLE OF CONTENTS

Letter to Shareholders	3
Fund Performance	5
Expense Example	77
Schedules of Investments and Options Written	80
Statements of Assets and Liabilities	152
Statements of Operations	170
Statements of Changes in Net Assets	188
Financial Highlights	206
Notes to Financial Statements	224
Report of Independent Registered Public Accounting Firm	254
Trustees and Officers	259
Board Considerations Regarding Approval of Investment Management Agreement	261
Additional Information	264

Letter to Shareholders (Unaudited)

Dear Valued Shareholders,

Thank you for your interest in Innovator ETFs.

During the year ended October 31, 2022, the U.S. equity market continued its pull-back on the heels of the swiftest interest rate hike in U.S. history. For more than a decade, we witnessed the Federal Reserve institute Quantitative Easing in an effort to spur economic growth and keep interest rates artificially low; and for the most part it worked. However, as the country emerged from the COVID-19 lockdowns and restrictions, there were a few key factors that we believe have contributed to a slowdown and to the elevated market volatility:

Record high inflation resulting both from supply chain disruptions and money supply growth

A sharp and swift reversal in Fed policy, from highly accommodative to increasingly restrictive

A process of revaluing future corporate earnings in light of the new interest rate regime

Yet, while it’s important to identify short-term risks facing the economy, we believe that higher interest rates may ultimately lead to higher stock prices over time, as the increased prices of goods and services make their way through to the stock prices of the underlying companies. To that end, we think it’s important to maintain a diversified approach to investing that includes tools that both focus on growth, as well as those that seek to defend against market loss.

At Innovator, we are rooted in the development of risk-managed, growth, and income-oriented ETF solutions. Today, I’m happy to announce that more advisors are using Innovator ETFs than ever before. 2022 was a year of tremendous growth for the firm, with our flagship line of Defined Outcome ETFs™ garnering more than $5b in net flows, nearly doubling Innovator’s assets under management since this time last year.

On behalf of the team at Innovator, thank you for your confidence in us and in the products we offer. May the Lord grant all of us wisdom and peace in the months ahead.

Bruce Bond

Chief Executive Officer

Letter to Shareholders (Unaudited) (Continued)

The views in this report were those of the Fund’s CEO as of October 31, 2022 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.

INNOVATOR U.S. EQUITY BUFFER ETF – JANUARY

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF - January from its inception (December 31, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - January
NAV Return		-10.03	%		5.37	%		8.87	%
Market Return		-10.23	%		5.36	%		8.85	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		12.01	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		13.94	%

^(a)	Inception date is December 31, 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 0.79%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.

INNOVATOR U.S. EQUITY BUFFER ETF – JANUARY

Fund Performance

October 31, 2022 (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 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/BJAN.

INNOVATOR U.S. EQUITY BUFFER ETF – FEBRUARY

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – February from its inception (January 31, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - February
NAV Return		-6.37	%		7.11	%
Market Return		-6.32	%		7.09	%
S&P 500® Index - Price Return		-15.92	%		6.87	%
S&P 500® Index - Total Return		-14.61	%		8.59	%

^(a)	Inception date is January 31, 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 net expense ratio of the Fund was 0.79%. For the most recent performance, please visit the Fund’s website at innovatoretfs.com.

INNOVATOR U.S. EQUITY BUFFER ETF – FEBRUARY

Fund Performance

October 31, 2022 (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 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/BFEB.

INNOVATOR U.S. EQUITY BUFFER ETF – MARCH

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – March from its inception (February 28, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - March
NAV Return		-6.26	%		7.97	%
Market Return		-6.30	%		7.93	%
S&P 500® Index - Price Return		-15.92	%		10.65	%
S&P 500® Index - Total Return		-14.61	%		12.41	%

^(a)	Inception date is February 28, 2020.

INNOVATOR U.S. EQUITY BUFFER ETF – MARCH

Fund Performance

October 31, 2022 (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 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.

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/BMAR.

INNOVATOR U.S. EQUITY BUFFER ETF – APRIL

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – April from its inception (March 29, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - April
NAV Return		-5.99	%		4.98	%		6.06	%
Market Return		-6.39	%		4.94	%		5.99	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		9.07	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.92	%

^(a)	Inception date is March 29, 2019.

INNOVATOR U.S. EQUITY BUFFER ETF – APRIL

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/BAPR.

INNOVATOR U.S. EQUITY BUFFER ETF – MAY

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – May from its inception (April 30, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - May
NAV Return		-10.70	%		5.15	%
Market Return		-10.67	%		5.19	%
S&P 500® Index - Price Return		-15.92	%		12.04	%
S&P 500® Index - Total Return		-14.61	%		13.81	%

^(a)	Inception date is April 30, 2020.

INNOVATOR U.S. EQUITY BUFFER ETF – MAY

Fund Performance

October 31, 2022 (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 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.

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/BMAY.

INNOVATOR U.S. EQUITY BUFFER ETF – JUNE

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – June from its inception (May 31, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - June
NAV Return		-9.93	%		3.76	%		5.67	%
Market Return		-9.97	%		3.76	%		5.67	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		10.50	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		12.35	%

^(a)	Inception date is May 31, 2019.

INNOVATOR U.S. EQUITY BUFFER ETF – JUNE

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/BJUN.

INNOVATOR U.S. EQUITY BUFFER ETF – JULY

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – July from its inception (August 28, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - July
NAV Return		-5.69	%		5.11	%		4.64	%
Market Return		-6.08	%		5.12	%		4.64	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		7.19	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		9.06	%

^(a)	Inception date is August 28, 2018.

INNOVATOR U.S. EQUITY BUFFER ETF – JULY

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/BJUL.

INNOVATOR U.S. EQUITY BUFFER ETF – AUGUST

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – August from its inception (July 31, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - August
NAV Return		-8.13	%		5.53	%		5.72	%
Market Return		-8.11	%		5.66	%		5.77	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		8.38	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.20	%

^(a)	Inception date is July 31, 2019.

INNOVATOR U.S. EQUITY BUFFER ETF – AUGUST

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/BAUG.

INNOVATOR U.S. EQUITY BUFFER ETF – SEPTEMBER

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – September from its inception (August 30, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - September
NAV Return		-7.13	%		6.72	%		7.32	%
Market Return		-7.25	%		6.72	%		7.29	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		9.23	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		11.03	%

^(a)	Inception date is August 30, 2019.

INNOVATOR U.S. EQUITY BUFFER ETF – SEPTEMBER

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/BSEP.

INNOVATOR U.S. EQUITY BUFFER ETF – OCTOBER

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – October from its inception (September 28, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - October
NAV Return		-7.29	%		7.75	%		6.34	%
Market Return		-7.37	%		7.70	%		6.37	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		7.20	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		9.06	%

^(a)	Inception date is September 28, 2018.

INNOVATOR U.S. EQUITY BUFFER ETF – OCTOBER

Fund Performance

October 31, 2022 (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 and S&P 500® Index – Total Return include the reinvestment of all dividends, if any. Return 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.

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/BOCT.

INNOVATOR U.S. EQUITY BUFFER ETF – NOVEMBER

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – November from its inception (October 31, 2019) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - November
NAV Return		-7.65	%		5.23	%		5.23	%
Market Return		-7.61	%		5.28	%		5.28	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		8.43	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.22	%

^(a)	Inception date is October 31, 2019.

INNOVATOR U.S. EQUITY BUFFER ETF – NOVEMBER

Fund Performance

October 31, 2022 (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 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.

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/BNOV.

INNOVATOR U.S. EQUITY BUFFER ETF – DECEMBER

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Buffer ETF – December from its inception (November 29, 2019) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Buffer ETF - December
NAV Return		-6.97	%		6.42	%
Market Return		-6.89	%		6.42	%
S&P 500® Index - Price Return		-15.92	%		7.42	%
S&P 500® Index - Total Return		-14.61	%		9.16	%

^(a)	Inception date is November 29, 2019.

INNOVATOR U.S. EQUITY BUFFER ETF – DECEMBER

Fund Performance

October 31, 2022 (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 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.

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/BDEC.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – JANUARY

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – January from its inception (December 31, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - January
NAV Return		-5.83	%		3.48	%		5.83	%
Market Return		-5.92	%		3.48	%		5.80	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		12.01	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		13.94	%

^(a)	Inception date is December 31, 2018.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – JANUARY

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/PJAN.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – FEBRUARY

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – February from its inception (January 31, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - February
NAV Return		-4.02	%		4.72	%
Market Return		-4.01	%		4.68	%
S&P 500® Index - Price Return		-15.92	%		6.87	%
S&P 500® Index - Total Return		-14.61	%		8.59	%

^(a)	Inception date is January 31, 2020.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – FEBRUARY

Fund Performance

October 31, 2022 (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 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.

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/PFEB.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – MARCH

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – March from its inception (February 28, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - March
NAV Return		-2.72	%		5.97	%
Market Return		-3.18	%		5.88	%
S&P 500® Index - Price Return		-15.92	%		10.65	%
S&P 500® Index - Total Return		-14.61	%		12.41	%

^(a)	Inception date is February 28, 2020.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – MARCH

Fund Performance

October 31, 2022 (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 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.

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/PMAR.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – APRIL

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – April from its inception (March 29, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - April
NAV Return		-4.29	%		2.90	%		3.93	%
Market Return		-4.49	%		2.91	%		3.92	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		9.07	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.92	%

^(a)	Inception date is March 29, 2019.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – APRIL

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/PAPR.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – MAY

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – May from its inception (April 30, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - May
NAV Return		-7.30	%		3.62	%
Market Return		-7.22	%		3.68	%
S&P 500® Index - Price Return		-15.92	%		12.04	%
S&P 500® Index - Total Return		-14.61	%		13.81	%

^(a)	Inception date is April 30, 2020.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – MAY

Fund Performance

October 31, 2022 (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 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.

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/PMAY.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – JUNE

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – June from its inception (May 31, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - June
NAV Return		-6.84	%		3.54	%		4.75	%
Market Return		-6.93	%		3.53	%		4.73	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		10.50	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		12.35	%

^(a)	Inception date is May 31, 2019.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – JUNE

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/PJUN.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – JULY

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – July from its inception (August 7, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - July
NAV Return		-1.59	%		4.57	%		4.36	%
Market Return		-1.77	%		4.66	%		4.39	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		7.43	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		9.33	%

^(a)	Inception date is August 7, 2018.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – JULY

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/PJUL.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – AUGUST

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – August from its inception (July 31, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - August
NAV Return		-5.98	%		3.94	%		4.15	%
Market Return		-5.90	%		3.91	%		4.21	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		8.38	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.20	%

^(a)	Inception date is July 31, 2019.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – AUGUST

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/PAUG.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – SEPTEMBER

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – September from its inception (August 30, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - September
NAV Return		-2.90	%		4.98	%		5.46	%
Market Return		-2.94	%		4.94	%		5.43	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		9.23	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		11.03	%

^(a)	Inception date is August 30, 2019.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – SEPTEMBER

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/PSEP.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – OCTOBER

Fund Performance

October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – October from its inception (September 28, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - October
NAV Return		-1.05	%		6.50	%		5.42	%
Market Return		-1.39	%		6.46	%		5.40	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		7.20	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		9.06	%

^(a)	Inception date is September 28, 2018.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – OCTOBER

Fund Performance

October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/POCT.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – NOVEMBER

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – November from its inception (October 31, 2019) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - November
NAV Return		-1.67	%		5.54	%		5.54	%
Market Return		-1.62	%		5.61	%		5.61	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		8.43	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.22	%

^(a)	Inception date is October 31, 2019.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – NOVEMBER

Fund Performance
October 31, 2022 (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 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.

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/PNOV.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – DECEMBER

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Power Buffer ETF – December from its inception (November 29, 2019) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Power Buffer ETF - December
NAV Return		-3.16	%		4.50	%
Market Return		-3.33	%		4.43	%
S&P 500® Index - Price Return		-15.92	%		7.42	%
S&P 500® Index - Total Return		-14.61	%		9.16	%

^(a)	Inception date is November 29, 2019.

INNOVATOR U.S. EQUITY POWER BUFFER ETF – DECEMBER

Fund Performance
October 31, 2022 (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 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.

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/PDEC.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - JANUARY

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – January from its inception (December 31, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - January
NAV Return		-5.82	%		2.19	%		4.37	%
Market Return		-5.88	%		2.27	%		4.41	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		12.01	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		13.94	%

^(a)	Inception date is December 31, 2018.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - JANUARY

Fund Performance
October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/UJAN.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - FEBRUARY

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – February from its inception (January 31, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - February
NAV Return		-5.21	%		2.65	%
Market Return		-5.37	%		2.61	%
S&P 500® Index - Price Return		-15.92	%		6.87	%
S&P 500® Index - Total Return		-14.61	%		8.59	%

^(a)	Inception date is January 31, 2020.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - FEBRUARY

Fund Performance
October 31, 2022 (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 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.

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/UFEB.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - MARCH

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – March from its inception (February 28, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - March
NAV Return		-4.15	%		3.25	%
Market Return		-4.14	%		3.30	%
S&P 500® Index - Price Return		-15.92	%		10.65	%
S&P 500® Index - Total Return		-14.61	%		12.41	%

^(a)	Inception date is February 28, 2020.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - MARCH

Fund Performance
October 31, 2022 (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 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.

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/UMAR.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - APRIL

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – April from its inception (March 29, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - April
NAV Return		-4.59	%		-1.09	%		0.47	%
Market Return		-4.85	%		-1.07	%		0.47	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		9.07	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.92	%

^(a)	Inception date is March 29, 2019.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - APRIL

Fund Performance
October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/UAPR.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - MAY

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – May from its inception (April 30, 2020) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - May
NAV Return		-7.67	%		1.08	%
Market Return		-7.84	%		1.02	%
S&P 500® Index - Price Return		-15.92	%		12.04	%
S&P 500® Index - Total Return		-14.61	%		13.81	%

^(a)	Inception date is April 30, 2020.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - MAY

Fund Performance
October 31, 2022 (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 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.

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/UMAY.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - JUNE

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – June from its inception (May 31, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - June
NAV Return		-7.92	%		1.57	%		2.89	%
Market Return		-7.91	%		1.61	%		2.92	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		10.50	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		12.35	%

^(a)	Inception date is May 31, 2019.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - JUNE

Fund Performance
October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/UJUN.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - JULY

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – July from its inception (August 7, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - July
NAV Return		-6.41	%		1.21	%		1.92	%
Market Return		-6.59	%		1.26	%		1.93	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		7.43	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		9.33	%

^(a)	Inception date is August 7, 2018.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - JULY

Fund Performance
October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/UJUL.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - AUGUST

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – August from its inception (July 31, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - August
NAV Return		-9.87	%		1.16	%		1.58	%
Market Return		-9.76	%		1.27	%		1.66	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		8.38	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.20	%

^(a)	Inception date is July 31, 2019.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - AUGUST

Fund Performance
October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/UAUG.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - SEPTEMBER

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – September from its inception (August 30, 2019) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - September
NAV Return		-7.54	%		1.87	%		2.33	%
Market Return		-7.68	%		1.86	%		2.32	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		9.23	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		11.03	%

^(a)	Inception date is August 30, 2019.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - SEPTEMBER

Fund Performance
October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/USEP.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - OCTOBER

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – October from its inception (September 28, 2018) to October 31, 2022 as compared with the S&P 500® Index – Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - October
NAV Return		-4.52	%		3.27	%		2.96	%
Market Return		-4.66	%		3.33	%		3.00	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		7.20	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		9.06	%

^(a)	Inception date is September 28, 2018.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - OCTOBER

Fund Performance
October 31, 2022 (Unaudited) (Continued)

The S&P 500® Index is an unmanaged, capitalization–weighted index generally representative of the U.S. market for large capitalization stocks.

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/UOCT.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - NOVEMBER

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – November from its inception (October 31, 2019) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Three Years			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - November
NAV Return		-5.76	%		2.64	%		2.64	%
Market Return		-5.80	%		2.65	%		2.65	%
S&P 500® Index - Price Return		-15.92	%		8.43	%		8.43	%
S&P 500® Index - Total Return		-14.61	%		10.22	%		10.22	%

^(a)	Inception date is October 31, 2019.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - NOVEMBER

Fund Performance
October 31, 2022 (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 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.

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/UNOV.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - DECEMBER

Fund Performance
October 31, 2022 (Unaudited)

The following chart compares the value of a hypothetical $10,000 investment in the Innovator U.S. Equity Ultra Buffer ETF – December from its inception (November 29, 2019) to October 31, 2022 as compared with the S&P 500® Index - Price Return and Total Return.

	Average Annual Total Returns as of October 31, 2022
	One Year			Since Inception ^(a)
Innovator U.S. Equity Ultra Buffer ETF - December
NAV Return		-5.88	%		2.12	%
Market Return		-5.86	%		2.09	%
S&P 500® Index - Price Return		-15.92	%		7.42	%
S&P 500® Index - Total Return		-14.61	%		9.16	%

^(a)	Inception date is November 29, 2019.

INNOVATOR U.S. EQUITY ULTRA BUFFER ETF - DECEMBER

Fund Performance
October 31, 2022 (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 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.

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/UDEC.

INNOVATOR ETFs TRUST

Expense Example

For the Period Ended October 31, 2022 (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 respective period and held for the entire period from May 1, 2022 to October 31, 2022 for each Fund.

Actual Expenses

The following table provides information about actual account values and actual expenses. You may use the information in this table, 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.

					Expenses Paid
	Beginning		Ending		During the
	Account Value		Account Value		Period ^(a)
Innovator U.S. Equity Buffer ETF - January (NAV)	$	1,000.00	$	979.70	$	3.94
Innovator U.S. Equity Buffer ETF - February (NAV)		1,000.00		979.60		3.94
Innovator U.S. Equity Buffer ETF - March (NAV)		1,000.00		973.20		3.93
Innovator U.S. Equity Buffer ETF - April (NAV)		1,000.00		974.10		3.93
Innovator U.S. Equity Buffer ETF - May (NAV)		1,000.00		964.10		3.91
Innovator U.S. Equity Buffer ETF - June (NAV)		1,000.00		951.60		3.89
Innovator U.S. Equity Buffer ETF - July (NAV)		1,000.00		995.00		3.97
Innovator U.S. Equity Buffer ETF - August (NAV)		1,000.00		978.20		3.94
Innovator U.S. Equity Buffer ETF - September (NAV)		1,000.00		991.90		3.97
Innovator U.S. Equity Buffer ETF - October (NAV)		1,000.00		983.60		3.95
Innovator U.S. Equity Buffer ETF - November (NAV)		1,000.00		988.50		3.96
Innovator U.S. Equity Buffer ETF - December (NAV)		1,000.00		989.70		3.96
Innovator U.S. Equity Power Buffer ETF - January (NAV)		1,000.00		1,005.30		3.99
Innovator U.S. Equity Power Buffer ETF - February (NAV)		1,000.00		996.40		3.98
Innovator U.S. Equity Power Buffer ETF - March (NAV)		1,000.00		988.20		3.96
Innovator U.S. Equity Power Buffer ETF - April (NAV)		1,000.00		988.40		3.96
Innovator U.S. Equity Power Buffer ETF - May (NAV)		1,000.00		977.80		3.94
Innovator U.S. Equity Power Buffer ETF - June (NAV)		1,000.00		960.40		3.90
Innovator U.S. Equity Power Buffer ETF - July (NAV)		1,000.00		1,015.10		4.01
Innovator U.S. Equity Power Buffer ETF - August (NAV)		1,000.00		974.70		3.93
Innovator U.S. Equity Power Buffer ETF - September (NAV)		1,000.00		1,015.10		4.01
Innovator U.S. Equity Power Buffer ETF - October (NAV)		1,000.00		1,026.90		4.04
Innovator U.S. Equity Power Buffer ETF - November (NAV)		1,000.00		1,031.30		4.04
Innovator U.S. Equity Power Buffer ETF - December (NAV)		1,000.00		1,012.50		4.01

INNOVATOR ETFs TRUST

Expense Example

For the Period Ended October 31, 2022 (Unaudited) (Continued)

					Expenses Paid
	Beginning		Ending		During the
	Account Value		Account Value		Period ^(a)
Innovator U.S. Equity Ultra Buffer ETF - January (NAV)		1,000.00		995.40		3.97
Innovator U.S. Equity Ultra Buffer ETF - February (NAV)		1,000.00		977.00		3.94
Innovator U.S. Equity Ultra Buffer ETF - March (NAV)		1,000.00		975.30		3.93
Innovator U.S. Equity Ultra Buffer ETF - April (NAV)		1,000.00		977.50		3.94
Innovator U.S. Equity Ultra Buffer ETF - May (NAV)		1,000.00		974.00		3.93
Innovator U.S. Equity Ultra Buffer ETF - June (NAV)		1,000.00		956.30		3.90
Innovator U.S. Equity Ultra Buffer ETF - July (NAV)		1,000.00		970.70		3.92
Innovator U.S. Equity Ultra Buffer ETF - August (NAV)		1,000.00		939.20		3.86
Innovator U.S. Equity Ultra Buffer ETF - September (NAV)		1,000.00		969.00		3.92
Innovator U.S. Equity Ultra Buffer ETF - October (NAV)		1,000.00		987.00		3.96
Innovator U.S. Equity Ultra Buffer ETF - November (NAV)		1,000.00		986.40		3.96
Innovator U.S. Equity Ultra Buffer ETF - December (NAV)		1,000.00		981.60		3.95

^(a)	Expenses are equal to the Fund’s annualized expense ratio (0.79%), multiplied by the average account value over the period, multiplied by 184/365 (to reflect the six month period).

Hypothetical Example for Comparison Purposes

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 with respect to the Funds. Therefore, the table below is useful in comparing the ongoing 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 October 31, 2022 (Unaudited) (Continued)

					Expenses Paid
	Beginning		Ending		During the
	Account Value		Account Value		Period ^(a)
Innovator U.S. Equity Buffer ETF - January (NAV)	$	1,000.00	$	1,021.22	$	4.02
Innovator U.S. Equity Buffer ETF - February (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - March (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - April (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - May (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - June (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - July (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - August (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - September (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - October (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - November (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Buffer ETF - December (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - January (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - February (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - March (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - April (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - May (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - June (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - July (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - August (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - September (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - October (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - November (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Power Buffer ETF - December (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - January (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - February (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - March (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - April (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - May (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - June (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - July (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - August (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - September (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - October (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - November (NAV)		1,000.00		1,021.22		4.02
Innovator U.S. Equity Ultra Buffer ETF - December (NAV)		1,000.00		1,021.22		4.02

^(a)	Expenses are equal to the Fund’s annualized expense ratio (0.79%), multiplied by the average account value over the period, multiplied by 184/365 (to reflect the six month period).

INNOVATOR U.S. EQUITY BUFFER ETF – JANUARY

Schedule of Investments

October 31, 2022

	Contracts		Notional Amount		Value
PURCHASED OPTIONS - 110.87% ^(a)(b)
CALL OPTIONS - 90.18%
SPY SPDR S&P 500® Trust ETF, Expires 12/30/2022, Strike Price $3.81		3,379	$	130,500,359	$	128,625,014
						128,625,014
PUT OPTIONS - 20.69%
SPY SPDR S&P 500® Trust ETF, Expires 12/30/2022, Strike Price $474.97		3,379		130,500,359		29,505,428
						29,505,428
TOTAL PURCHASED OPTIONS (Cost $167,043,461)						158,130,442
	Principal Amount
SHORT TERM INVESTMENTS - 0.20%
Money Market Deposit Account - 0.20%
U.S. Bank Money Market Deposit Account, 2.750% ^(c)	$	278,144				278,144
TOTAL SHORT TERM INVESTMENTS (Cost $278,144)						278,144

Total Investments (Cost $167,321,605) - 111.07%						158,408,586
Liabilities in Excess of Other Assets - (11.07)%						(15,772,764	)
TOTAL NET ASSETS - 100.00%					$	142,635,822

Asset Type	% of Net Assets
Purchased Options		110.87	%
Short Term Investments		0.20
Total Investments		111.07
Liabilities in Excess of Other Assets		(11.07	)
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 October 31, 2022.

The accompanying notes are an integral part of these financial statements.

INNOVATOR U.S. EQUITY BUFFER ETF – JANUARY

Schedule of Options Written^(a)
October 31, 2022

Description	Expiration	Strike Price		Contracts		Notional Amount			Value
Call Options
SPY SPDR S&P 500® Trust ETF	12/30/2022	$	539.27		3,379	$	(130,500,359	)	$	(20,274	)
										(20,274	)
Put Options
SPY SPDR S&P 500® Trust ETF	12/30/2022		432.21		3,379		(130,500,359	)		(15,658,286	)
										(15,658,286	)
Total Options Written (Premiums Received $11,365,064)									$	(15,678,560	)

^(a)	Exchange-Traded.

The accompanying notes are an integral part of these financial statements.

INNOVATOR U.S. EQUITY BUFFER ETF – FEBRUARY

Schedule of Investments
October 31, 2022

	Contracts		Notional Amount		Value
PURCHASED OPTIONS - 107.08% ^(a)(b)
CALL OPTIONS - 92.01%
SPY SPDR S&P 500® Trust ETF, Expires 1/31/2023, Strike Price $3.61		1,664	$	64,265,344	$	63,360,757
						63,360,757
PUT OPTIONS - 15.07%
SPY SPDR S&P 500® Trust ETF, Expires 1/31/2023, Strike Price $449.92		1,664		64,265,344		10,378,714
						10,378,714
TOTAL PURCHASED OPTIONS (Cost $79,750,061)						73,739,471
	Principal Amount
SHORT TERM INVESTMENTS - 0.30%
Money Market Deposit Account - 0.30%
U.S. Bank Money Market Deposit Account, 2.750% ^(c)	$	203,891				203,891
TOTAL SHORT TERM INVESTMENTS (Cost $203,891)						203,891

Total Investments (Cost $79,953,952) - 107.38%						73,943,362
Liabilities in Excess of Other Assets - (7.38)%						(5,083,126	)
TOTAL NET ASSETS - 100.00%					$	68,860,236

Asset Type	% of Net Assets
Purchased Options		107.08	%
Short Term Investments		0.30
Total Investments		107.38
Liabilities in Excess of Other Assets		(7.38	)
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 October 31, 2022.

The accompanying notes are an integral part of these financial statements.

INNOVATOR U.S. EQUITY BUFFER ETF – FEBRUARY

Schedule of Options Written ^(a)
October 31, 2022

Description	Expiration	Strike Price		Contracts		Notional Amount			Value
Call Options
SPY SPDR S&P 500® Trust ETF	1/31/2023	$	516.59		1,664	$	(64,265,344	)	$	(7,791	)
										(7,791	)
Put Options
SPY SPDR S&P 500® Trust ETF	1/31/2023		409.42		1,664		(64,265,344	)		(5,020,745	)
										(5,020,745	)
Total Options Written (Premiums Received $5,184,595)									$	(5,028,536	)

^(a)	Exchange-Traded.

The accompanying notes are an integral part of these financial statements.

INNOVATOR U.S. EQUITY BUFFER ETF – MARCH

Schedule of Investments

October 31, 2022

	Contracts		Notional Amount		Value
PURCHASED OPTIONS - 105.80% ^(a)(b)
CALL OPTIONS - 93.34%
SPY SPDR S&P 500® Trust ETF, Expires 2/28/2023, Strike Price $3.51		1,878	$	72,530,238	$	71,529,030
						71,529,030
PUT OPTIONS - 12.46%
SPY SPDR S&P 500® Trust ETF, Expires 2/28/2023, Strike Price $436.64		1,878		72,530,238		9,549,794
						9,549,794
TOTAL PURCHASED OPTIONS (Cost $87,263,683)						81,078,824
	Principal Amount
SHORT TERM INVESTMENTS - 0.35%
Money Market Deposit Account - 0.35%
U.S. Bank Money Market Deposit Account, 2.750% ^(c)	$	269,999				269,999
TOTAL SHORT TERM INVESTMENTS (Cost $269,999)						269,999

Total Investments (Cost $87,533,682) - 106.15%						81,348,823
Liabilities in Excess of Other Assets - (6.15)%						(4,713,819	)
TOTAL NET ASSETS - 100.00%					$	76,635,004

Asset Type	% of Net Assets
Purchased Options		105.80	%
Short Term Investments		0.35
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)	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 October 31, 2022.

The accompanying notes are an integral part of these financial statements.

INNOVATOR U.S. EQUITY BUFFER ETF – MARCH

Schedule of Options Written^(a)
October 31, 2022

Description	Expiration	Strike Price		Contracts		Notional Amount			Value
Call Options
SPY SPDR S&P 500® Trust ETF	2/28/2023	$	509.24		1,878	$	(72,530,238	)	$	(25,894	)
										(25,894	)
Put Options
SPY SPDR S&P 500® Trust ETF	2/28/2023		397.33		1,878		(72,530,238	)		(4,637,342	)
										(4,637,342	)
Total Options Written (Premiums Received $6,144,359)									$	(4,663,236	)

^(a)	Exchange-Traded.

The accompanying notes are an integral part of these financial statements.

INNOVATOR U.S. EQUITY BUFFER ETF – APRIL

Schedule of Investments
October 31, 2022

	Contracts		Notional Amount		Value
PURCHASED OPTIONS - 108.16% ^(a)(b)
CALL OPTIONS - 92.49%
SPY SPDR S&P 500® Trust ETF, Expires 3/31/2023, Strike Price $3.63		2,819	$	108,872,599	$	106,911,184
						106,911,184
PUT OPTIONS - 15.67%
SPY SPDR S&P 500® Trust ETF, Expires 3/31/2023, Strike Price $451.65		2,819		108,872,599		18,119,206
						18,119,206
TOTAL PURCHASED OPTIONS (Cost $133,825,539)						125,030,390
	Principal Amount
SHORT TERM INVESTMENTS - 0.37%
Money Market Deposit Account - 0.37%
U.S. Bank Money Market Deposit Account, 2.750% ^(c)	$	427,587				427,587
TOTAL SHORT TERM INVESTMENTS (Cost $427,587)						427,587

Total Investments (Cost $134,253,126) - 108.53%						125,457,977
Liabilities in Excess of Other Assets - (8.53)%						(9,862,800	)
TOTAL NET ASSETS - 100.00%					$	115,595,177

Asset Type	% of Net Assets
Purchased Options		108.16	%
Short Term Investments		0.37
Total Investments		108.53
Liabilities in Excess of Other Assets		(8.53	)
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 October 31, 2022.

The accompanying notes are an integral part of these financial statements.

INNOVATOR U.S. EQUITY BUFFER ETF – APRIL

Schedule of Options Written^(a)
October 31, 2022

Description

Expiration

Strike

Price

Contracts

Notional

Amount

Value

Call Options