# EDGAR Filing Document

**Accession Number:** 0001415726
**File Stem:** 0000894189-25-008521
**Filing Date:** 2025-9
**Character Count:** 88736
**Document Hash:** 8491d52a84e8ee7f5b94c5febeac8581
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-008521.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0000894189-25-008521

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Innovator ETFs Trust
- **CENTRAL INDEX KEY:** 0001415726

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22135
- **FILM NUMBER:** 251337333

**BUSINESS ADDRESS:**
- **STREET 1:** 200 W. FRONT STREET
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 800-621-1675

**MAIL ADDRESS:**
- **STREET 1:** 200 W. FRONT STREET
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INNOVATOR ETFS TRUST
- **DATE OF NAME CHANGE:** 20170825

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Academy Funds Trust
- **DATE OF NAME CHANGE:** 20071019

## Series and Classes Contracts Data

### Innovator Gradient Tactical Rotation Strategy ETF (Series ID: S000078008)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000238738 | Innovator Gradient Tactical Rotation Strategy ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Innovator Gradient Tactical Rotation Strategy ETF** | **Innovator Gradient Tactical Rotation Strategy ETF** | **Innovator Gradient Tactical Rotation Strategy ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.9%** | **Shares** | **Value**  |
| **Aerospace/Defense - 7.4%** | **Aerospace/Defense - 7.4%** | |
| Elbit Systems Ltd. | 202 | $93229 |
| IHI Corp. | 2700 | 304108 |
| Kawasaki Heavy Industries Ltd. | 1600 | 117984 |
| Leonardo SpA | 4412 | 238003 |
| MTU Aero Engines AG | 532 | 229612 |
| Rheinmetall AG | 640 | 1267555 |
| Rolls-Royce Holdings PLC | 106849 | 1512706 |
| Safran SA | 2629 | 868563 |
| Singapore Technologies Engineering Ltd. | 12500 | 84431 |
|  |  | 4716191 |
| **Agriculture - 2.3%** | **Agriculture - 2.3%** |  |
| British American Tobacco PLC | 21287 | 1135756 |
| Imperial Brands PLC | 9441 | 368314 |
|  |  | 1504070 |
| **Airlines - 0.4%** | **Airlines - 0.4%** |  |
| Cathay Pacific Airways Ltd. | 8000 | 11924 |
| International Consolidated Airlines Group SA | 36673 | 184285 |
| Qantas Airways Ltd. | 7828 | 54683 |
|  |  | 250892 |
| **Apparel - 0.8%** | **Apparel - 0.8%** |  |
| adidas AG | 1189 | 228025 |
| Asics Corp. | 11700 | 276828 |
|  |  | 504853 |
| **Banks - 25.7%<sup>(a)</sup>** | **Banks - 25.7%<sup>(a)</sup>** |  |
| AIB Group PLC | 9504 | 75379 |
| Banca Mediolanum SpA | 2548 | 45071 |
| Bank Hapoalim BM | 10154 | 191280 |
| Bank Leumi Le-Israel BM | 13365 | 248110 |
| Bank of Nova Scotia | 7089 | 394407 |
| Barclays PLC | 156670 | 768246 |
| BAWAG Group AG <sup>(b)</sup> | 913 | 115444 |
| BOC Hong Kong Holdings Ltd. | 26000 | 116917 |
| CaixaBank SA | 27998 | 263599 |
| Canadian Imperial Bank of Commerce | 9572 | 684119 |
| Commerzbank AG | 7348 | 268673 |
| Commonwealth Bank of Australia | 11215 | 1282252 |
| Computershare Ltd. | 4472 | 121136 |
| DBS Group Holdings Ltd. | 21200 | 782264 |
| Deutsche Bank AG | 16770 | 554713 |
| Erste Group Bank AG | 2677 | 246080 |
| FinecoBank Banca Fineco SpA | 3693 | 78895 |
| First International Bank Of Israel Ltd. | 290 | 20213 |
| HSBC Holdings PLC | 131076 | 1597424 |
| ING Groep NV | 16383 | 383087 |
| Intesa Sanpaolo SpA | 132769 | 802278 |
| Israel Discount Bank Ltd. - Class A | 8511 | 81693 |
| Lloyds Banking Group PLC | 435450 | 447412 |
| Macquarie Group Ltd. | 2534 | 353997 |
| Mediobanca Banca di Credito Finanziario SpA | 3345 | 73827 |
| Mizuho Financial Group, Inc. | 14800 | 439878 |
| National Australia Bank Ltd. | 15993 | 399912 |
| National Bank of Canada | 2447 | 254537 |
| NatWest Group PLC | 72661 | 505710 |
| Oversea-Chinese Banking Corp. Ltd. | 33700 | 437861 |
| Rakuten Bank Ltd. <sup>(c)</sup> | 800 | 37560 |
| Royal Bank of Canada | 12471 | 1600187 |
| SpareBank 1 Sor-Norge ASA | 1079 | 18932 |
| Standard Chartered PLC | 19009 | 341544 |
| Sumitomo Mitsui Financial Group, Inc. | 20800 | 531724 |
| UniCredit SpA | 12465 | 919366 |
| United Overseas Bank Ltd. | 11900 | 331686 |
| Westpac Banking Corp. | 26505 | 576070 |
|  |  | 16391483 |
| **Biotechnology - 0.6%** | **Biotechnology - 0.6%** |  |
| Argenx SE <sup>(c)</sup> | 612 | 415138 |
| **Building Materials - 1.9%** | **Building Materials - 1.9%** |  |
| Cie de Saint-Gobain SA | 3781 | 432782 |
| Heidelberg Materials AG | 1392 | 321682 |
| Holcim AG | 4803 | 384240 |
| Sanwa Holdings Corp. | 3700 | 101529 |
|  |  | 1240233 |
| **Commercial Services - 3.2%** | **Commercial Services - 3.2%** |  |
| Brambles Ltd. | 10224 | 157099 |
| Recruit Holdings Co. Ltd. | 14900 | 894395 |
| RELX PLC | 12798 | 665253 |
| Securitas AB - Class B | 4027 | 59854 |
| Wolters Kluwer NV | 1879 | 293128 |
|  |  | 2069729 |
| **Computers - 0.9%** | **Computers - 0.9%** |  |
| BayCurrent, Inc. | 1200 | 69040 |
| Check Point Software Technologies Ltd. <sup>(c)</sup> | 537 | 99989 |
| CyberArk Software Ltd. <sup>(c)</sup> | 393 | 161708 |
| NEC Corp. | 8900 | 259623 |
| NS Solutions Corp. | 600 | 14184 |
|  |  | 604544 |
| **Distribution/Wholesale - 0.1%** | **Distribution/Wholesale - 0.1%** |  |
| AddTech AB - Class B | 1755 | 59162 |
| SGH Ltd. | 1229 | 40486 |
|  |  | 99648 |
| **Diversified Financial Services - 2.5%** | **Diversified Financial Services - 2.5%** |  |
| Brookfield Asset Management Ltd. - Class A | 3892 | 239992 |
| Deutsche Boerse AG | 1587 | 460197 |
| IGM Financial, Inc. | 673 | 22284 |
| London Stock Exchange Group PLC | 4703 | 575142 |
| Nordnet AB publ | 1451 | 39279 |
| Plus500 Ltd. | 802 | 35652 |
| Singapore Exchange Ltd. | 7300 | 89957 |
| TMX Group Ltd. | 2634 | 107101 |
|  |  | 1569604 |
| **Electric - 1.2%** | **Electric - 1.2%** |  |
| Iberdrola SA | 42344 | 742000 |
| **Electrical Components & Equipment - 0.9%** | **Electrical Components & Equipment - 0.9%** |  |
| Fujikura Ltd. | 4800 | 330239 |
| Prysmian SpA | 2707 | 217420 |
|  |  | 547659 |
| **Electronics - 1.2%** | **Electronics - 1.2%** |  |
| ABB Ltd. | 11497 | 757549 |
| **Engineering & Construction - 0.8%** | **Engineering & Construction - 0.8%** |  |
| ACS Actividades de Construccion y Servicios SA | 1639 | 112974 |
| Aena SME SA <sup>(b)</sup> | 5485 | 147692 |
| AtkinsRealis Group, Inc. | 1332 | 94315 |
| Obayashi Corp. | 5400 | 79800 |
| Skanska AB - Class B | 2600 | 60583 |
|  |  | 495364 |
| **Entertainment - 0.5%** | **Entertainment - 0.5%** |  |
| Aristocrat Leisure Ltd. | 7076 | 318499 |
| **Environmental Control - 0.6%** | **Environmental Control - 0.6%** |  |
| Waste Connections, Inc. | 2055 | 383740 |
| **Food - 2.1%** | **Food - 2.1%** |  |
| AAK AB | 1392 | 35919 |
| Coles Group Ltd. | 10550 | 140616 |
| George Weston Ltd. | 447 | 84938 |
| Koninklijke Ahold Delhaize NV | 8943 | 353119 |
| Loblaw Cos. Ltd. | 1313 | 212330 |
| Metro, Inc. | 1689 | 129149 |
| Orkla ASA | 6412 | 67601 |
| Shufersal Ltd. | 2658 | 32202 |
| Tesco PLC | 56951 | 319955 |
|  |  | 1375829 |
| **Food Service - 0.8%** | **Food Service - 0.8%** |  |
| Compass Group PLC | 13755 | 484114 |
| **Hand/Machine Tools - 0.1%** | **Hand/Machine Tools - 0.1%** |  |
| Schindler Holding AG | 152 | 53614 |
| **Healthcare-Products - 1.7%** | **Healthcare-Products - 1.7%** |  |
| EssilorLuxottica SA | 3012 | 895760 |
| Fisher & Paykel Healthcare Corp. Ltd. | 5221 | 113186 |
| Lifco AB - Class B <sup>(c)</sup> | 1642 | 58640 |
|  |  | 1067586 |
| **Healthcare-Services - 0.3%** | **Healthcare-Services - 0.3%** |  |
| Fresenius SE & Co. KGaA | 3452 | 165377 |
| **Insurance - 11.1%** | **Insurance - 11.1%** |  |
| Ageas SA/NV | 1338 | 91234 |
| Allianz SE | 3569 | 1414127 |
| Aviva PLC - Class B <sup>(c)</sup> | 18187 | 155786 |
| Clal Insurance Enterprises Holdings Ltd. | 590 | 28429 |
| Fairfax Financial Holdings Ltd. | 154 | 272385 |
| Generali | 13877 | 518168 |
| Gjensidige Forsikring ASA | 1702 | 44877 |
| Harel Insurance Investments & Financial Services Ltd. | 1475 | 44675 |
| iA Financial Corp., Inc. | 782 | 76546 |
| Insurance Australia Group Ltd. | 26100 | 147100 |
| Intact Financial Corp. | 1193 | 246590 |
| Manulife Financial Corp. | 17841 | 551995 |
| Menora Mivtachim Holdings Ltd. | 269 | 23453 |
| Migdal Insurance & Financial Holdings Ltd. | 4325 | 13252 |
| MS&AD Insurance Group Holdings, Inc. | 9000 | 193607 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 1023 | 671983 |
| Phoenix Financial Ltd. | 1853 | 63432 |
| QBE Insurance Group Ltd. | 11903 | 177467 |
| Sompo Holdings, Inc. | 7900 | 234276 |
| Storebrand ASA | 4647 | 66208 |
| Sun Life Financial, Inc. | 4034 | 245953 |
| Suncorp Group Ltd. | 11618 | 156493 |
| Swiss Life Holding AG | 214 | 222839 |
| Swiss Re AG | 2642 | 475706 |
| Zurich Insurance Group AG | 1373 | 940858 |
|  |  | 7077439 |
| **Internet - 3.7%** | **Internet - 3.7%** |  |
| MonotaRO Co. Ltd. | 2400 | 43035 |
| Sea Ltd. - ADR <sup>(c)</sup> | 5233 | 819749 |
| Spotify Technology SA <sup>(c)(d)</sup> | 2267 | 1420366 |
| Wix.com Ltd. <sup>(c)(d)</sup> | 457 | 62166 |
| ZOZO, Inc. | 3800 | 37672 |
|  |  | 2382988 |
| **Investment Companies - 0.9%** | **Investment Companies - 0.9%** |  |
| Investor AB <sup>(c)</sup> | 14654 | 425882 |
| Investor AB - Class A <sup>(c)</sup> | 4755 | 138338 |
|  |  | 564220 |
| **Leisure Time - 0.1%** | **Leisure Time - 0.1%** |  |
| Amer Sports, Inc. <sup>(c)(d)</sup> | 1165 | 43734 |
| **Lodging - 0.3%** | **Lodging - 0.3%** |  |
| InterContinental Hotels Group PLC | 1543 | 178590 |
| **Machinery-Construction & Mining - 4.4%** | **Machinery-Construction & Mining - 4.4%** |  |
| Hitachi Ltd. | 31000 | 965564 |
| Mitsubishi Heavy Industries Ltd. | 33700 | 811213 |
| Siemens Energy AG <sup>(c)</sup> | 8552 | 995474 |
| Weir Group PLC | 1868 | 65770 |
|  |  | 2838021 |
| **Media - 0.2%** | **Media - 0.2%** |  |
| Pearson PLC | 6423 | 90975 |
| Vend Marketplaces ASA - Class B | 630 | 23741 |
|  |  | 114716 |
| **Mining - 2.1%** | **Mining - 2.1%** |  |
| Agnico Eagle Mines Ltd. | 6993 | 868119 |
| Alamos Gold, Inc. - Class A | 4392 | 106726 |
| Evolution Mining Ltd. | 17882 | 81707 |
| Kinross Gold Corp. | 14661 | 234580 |
| Pan American Silver Corp. | 2900 | 78339 |
|  |  | 1369471 |
| **Miscellaneous Manufacturing - 0.1%** | **Miscellaneous Manufacturing - 0.1%** |  |
| Trelleborg AB - Class B | 1183 | 43046 |
| **Office-Business Equipment - 0.1%** | **Office-Business Equipment - 0.1%** |  |
| Ricoh Co. Ltd. | 4700 | 41468 |
| **Pharmaceuticals - 1.4%** | **Pharmaceuticals - 1.4%** |  |
| Galderma Group AG | 532 | 83509 |
| Otsuka Holdings Co. Ltd. | 4300 | 208242 |
| Sandoz Group AG | 3450 | 198484 |
| UCB SA | 1833 | 398387 |
|  |  | 888622 |
| **Pipelines - 3.0%** | **Pipelines - 3.0%** |  |
| Enbridge, Inc. | 26847 | 1215827 |
| Golar LNG Ltd. | 1127 | 46387 |
| Pembina Pipeline Corp. | 3814 | 141759 |
| TC Energy Corp. | 10452 | 499065 |
|  |  | 1903038 |
| **Private Equity - 2.4%** | **Private Equity - 2.4%** |  |
| 3i Group PLC | 9767 | 535431 |
| Brookfield Corp. | 15323 | 1026362 |
|  |  | 1561793 |
| **Real Estate - 0.1%** | **Real Estate - 0.1%** |  |
| Big Shopping Centers Ltd. <sup>(c)</sup> | 138 | 26411 |
| Hongkong Land Holdings Ltd. | 7900 | 47795 |
|  |  | 74206 |
| **Retail - 2.1%** | **Retail - 2.1%** |  |
| Dollarama, Inc. | 1991 | 272124 |
| Industria de Diseno Textil SA | 7888 | 377265 |
| JB Hi-Fi Ltd. | 1333 | 95688 |
| Ryohin Keikaku Co. Ltd. | 2900 | 137885 |
| Wesfarmers Ltd. | 8365 | 460971 |
|  |  | 1343933 |
| **Semiconductors - 0.3%** | **Semiconductors - 0.3%** |  |
| ARM Holdings PLC - ADR <sup>(c)(d)</sup> | 712 | 100659 |
| Nova Ltd. <sup>(c)</sup> | 186 | 49930 |
| Tower Semiconductor Ltd. <sup>(c)</sup> | 851 | 39777 |
|  |  | 190366 |
| **Shipbuilding - 0.3%** | **Shipbuilding - 0.3%** |  |
| Kongsberg Gruppen ASA | 6672 | 199895 |
| **Software - 6.4%** | **Software - 6.4%** |  |
| Cellebrite DI Ltd. <sup>(c)</sup> | 1215 | 16986 |
| Descartes Systems Group, Inc. <sup>(c)</sup> | 654 | 69096 |
| Konami Group Corp. | 800 | 108859 |
| Pro Medicus Ltd. | 828 | 171282 |
| SAP SE | 12045 | 3447437 |
| Technology One Ltd. | 4380 | 115632 |
| Xero Ltd. <sup>(c)</sup> | 1326 | 154231 |
|  |  | 4083523 |
| **Telecommunications - 3.4%** | **Telecommunications - 3.4%** |  |
| Deutsche Telekom AG | 43571 | 1565288 |
| Singapore Telecommunications Ltd. | 74200 | 221732 |
| Tele2 AB - Class B | 5492 | 84883 |
| Telefonaktiebolaget LM Ericsson - Class B | 24897 | 181439 |
| Telenor ASA | 4448 | 68277 |
| Telia Co. AB | 15597 | 55143 |
|  |  | 2176762 |
| **Toys/Games/Hobbies - 0.2%** | **Toys/Games/Hobbies - 0.2%** |  |
| Sanrio Co. Ltd. | 3200 | 132053 |
| **Transportation - 0.3%** | **Transportation - 0.3%** |  |
| Poste Italiane SpA <sup>(b)</sup> | 5838 | 126351 |
| Seibu Holdings, Inc. | 1800 | 50515 |
|  |  | 176866 |
| **TOTAL COMMON STOCKS** (Cost $62,035,906) | **TOTAL COMMON STOCKS** (Cost $62,035,906) | 63142466 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 0.5%** | **Shares** | **Value**  |
| **REITS - 0.5%** | **REITS - 0.5%** |  |
| Goodman Group | 13846 | 313035 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $298,182) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $298,182) | 313035 |
| **SHORT-TERM INVESTMENTS - 2.5%** |  | **Value**  |
| **Investments Purchased with Proceeds from Securities Lending - 2.5%** | **<u>Units</u>** |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.58%<sup>(e)</sup> | 1627636 | 1627636 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,627,636) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,627,636) | 1627636 |
| **TOTAL INVESTMENTS - 101.9% (**Cost $63,961,724**)** | **TOTAL INVESTMENTS - 101.9% (**Cost $63,961,724**)** | 65083137 |
| Money Market Deposit Account - 0.5% <sup>(f)</sup> | Money Market Deposit Account - 0.5% <sup>(f)</sup> | 322865 |
| Liabilities in Excess of Other Assets - (2.4)% | Liabilities in Excess of Other Assets - (2.4)% | (1517525) |
| **TOTAL NET ASSETS - 100.0%** |  | $63888477 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| ASA - Advanced Subscription Agreement |
| LLC - Limited Liability Company |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |

---

(a) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of July 31, 2025, the value of these securities total $389,487 or 0.6% of the Fund's net assets.

(c) Non-income producing security.

(d) All or a portion of this security is on loan as of July 31, 2025. The fair value of these securities was $1,526,270.

(e) The rate shown represents the 7-day annualized effective yield as of July 31, 2025.

(f) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of July 31, 2025 was 4.20%.

------

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Innovator Gradient Tactical Rotation Strategy ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $63142466 | $– | $– | $63142466 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 313035 | – | – | 313035 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 1627636 |
| Total Investments | $63455501 | $– | $– | $65083137 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair
 value amount of $1,627,636 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

**Allocation of Portfolio Holdings as of July 31, 2025**<br> **(% of Net Assets)** <br>

---

| | | |
|:---|:---|:---|
| Common Stocks | $63142466 | 98.9% |
| Real Estate Investment Trusts - Common | 313035 | 0.5 |
| Investments Purchased with Proceeds from Securities Lending | 1627636 | 2.5 |
| Money Market Deposit Account | 322865 | 0.5 |
| Liabilities in Excess of Other Assets | (1517525) | (2.4) |
|  | $**63888477** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Innovator ETFs Trust

- **b. Investment Company Act file number:** 811-22135

- **c. CIK number of Registrant:** 0001415726

- **d. LEI of Registrant:** 549300MFJRNH6TF8OL20

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 200 W. Front Street

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 800-208-5212

**Item A.2. Information about the Series.**

- **a. Name of Series:** Innovator Gradient Tactical Rotation Strategy ETF

- **b. EDGAR series identifier (if any):** S000078008

- **c. LEI of Series:** 549300EKDEP4HOK4JT94

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $65566320.44

**Total Liabilities:** $1677582.72

**Net Assets:** $63888737.72

**Cash Not Reported:** $14605.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238738 | 1.04%                | 2.29%                | -0.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-91774.27               | $761509.49                                 |
| Month 2  | $-280207.84              | $1825232.41                                |
| Month 3  | $180899.86               | $-585328.53                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Descartes Systems Group Inc/Th            | Descartes Systems Group Inc/The                           | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |       654 | NS      | $69095.74     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                              | Enbridge Inc                                              | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     26847 | NS      | $1215826.54   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Life Financial Inc                    | Sun Life Financial Inc                                    | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |      4034 | NS      | $245952.89    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Storebrand ASA                            | Storebrand ASA                                            | CUSIP: N/A<br>LEI: 5967007LIEEXZX7NA051       | Long             | EC               | CORP              | NO        |      4647 | NS      | $66207.85     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC                  | Lloyds Banking Group PLC                                  | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |    435450 | NS      | $447411.65    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia/The                   | Bank of Nova Scotia/The                                   | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |      7089 | NS      | $394407.48    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Loblaw Cos Ltd                            | Loblaw Cos Ltd                                            | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |      1313 | NS      | $212329.61    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                              | Barclays PLC                                              | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    156670 | NS      | $768245.79    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                       | Intesa Sanpaolo SpA                                       | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |    132769 | NS      | $802277.67    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Hapoalim BM                          | Bank Hapoalim BM                                          | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |     10154 | NS      | $191280.39    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Leumi Le-Israel BM                   | Bank Leumi Le-Israel BM                                   | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |     13365 | NS      | $248110.48    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Israel Discount Bank Ltd                  | Israel Discount Bank Ltd                                  | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |      8511 | NS      | $81692.97     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kawasaki Heavy Industries Ltd             | Kawasaki Heavy Industries Ltd                             | CUSIP: N/A<br>LEI: 5493008FFSI8SQ74AT93       | Long             | EC               | CORP              | JP        |      1600 | NS      | $117984.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Konami Group Corp                         | Konami Group Corp                                         | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |       800 | NS      | $108859.42    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hi-Fi Ltd                              | JB Hi-Fi Ltd                                              | CUSIP: N/A<br>LEI: 529900TPC8H040Y3ZQ65       | Long             | EC               | CORP              | AU        |      1333 | NS      | $95687.89     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                         | Kinross Gold Corp                                         | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     14661 | NS      | $234580.23    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Financial Corp                     | Intact Financial Corp                                     | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      1193 | NS      | $246590.07    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA                              | Leonardo SpA                                              | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |      4412 | NS      | $238003.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PL            | London Stock Exchange Group PLC                           | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      4703 | NS      | $575142.37    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Group Ltd                       | Macquarie Group Ltd                                       | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |      2534 | NS      | $353997.22    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Air            | International Consolidated Airlines Group SA              | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | GB        |     36673 | NS      | $184285.22    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV             | Koninklijke Ahold Delhaize NV                             | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |      8943 | NS      | $353119.24    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| InterContinental Hotels Group             | InterContinental Hotels Group PLC                         | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      1543 | NS      | $178590.23    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifco AB                                  | Lifco AB                                                  | CUSIP: W5321L166<br>LEI: 549300RTLL4VDQRCTW41 | Long             | EC               | CORP              | SE        |      1642 | NS      | $58640.16     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Investor AB                               | Investor AB                                               | CUSIP: W5R777123<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |      4755 | NS      | $138337.87    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Investor AB                               | Investor AB                                               | CUSIP: W5R777115<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |     14654 | NS      | $425881.76    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC                                 | Aviva PLC                                                 | CUSIP: G0683Q158<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |     18187 | NS      | $155785.63    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kongsberg Gruppen ASA                     | Kongsberg Gruppen ASA                                     | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |      6672 | NS      | $199894.76    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent Inc                            | BayCurrent Inc                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1200 | NS      | $69039.79     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                          | Deutsche Bank AG                                          | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |     16770 | NS      | $554713.10    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                       | Deutsche Telekom AG                                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     43571 | NS      | $1565288.19   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Mediolanum SpA                      | Banca Mediolanum SpA                                      | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |      2548 | NS      | $45070.58     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                            | BAWAG Group AG                                            | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |       913 | NS      | $115444.33    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                    | DBS Group Holdings Ltd                                    | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     21200 | NS      | $782264.33    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd                         | Elbit Systems Ltd                                         | CUSIP: N/A<br>LEI: 529900Q9CB1REUMZSS32       | Long             | EC               | CORP              | IL        |       202 | NS      | $93228.94     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Grou            | Sumitomo Mitsui Financial Group Inc                       | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     20800 | NS      | $531724.14    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncorp Group Ltd                         | Suncorp Group Ltd                                         | CUSIP: Q88040110<br>LEI: 549300BVOKRTHDIWVT46 | Long             | EC               | CORP              | AU        |     11618 | NS      | $156493.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                        | Deutsche Boerse AG                                        | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1587 | NS      | $460196.86    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollarama Inc                             | Dollarama Inc                                             | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      1991 | NS      | $272124.41    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC              | British American Tobacco PLC                              | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     21287 | NS      | $1135756.47   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Weir Group PLC/The                        | Weir Group PLC/The                                        | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |      1868 | NS      | $65769.78     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC                                      | Canadian Imperial Bank of Commerce                        | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |      9572 | NS      | $684118.91    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Telenor ASA                               | Telenor ASA                                               | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |      4448 | NS      | $68277.21     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Trelleborg AB                             | Trelleborg AB                                             | CUSIP: N/A<br>LEI: 213800XY16PAWG2PAD14       | Long             | EC               | CORP              | SE        |      1183 | NS      | $43045.65     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                    | UCB SA                                                    | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |      1833 | NS      | $398387.31    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                         | Wolters Kluwer NV                                         | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      1879 | NS      | $293128.03    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Telia Co AB                               | Telia Co AB                                               | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |     15597 | NS      | $55143.36     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                 | Zurich Insurance Group AG                                 | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      1373 | NS      | $940857.86    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| George Weston Ltd                         | George Weston Ltd                                         | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |       447 | NS      | $84938.39     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Generali                                  | Generali                                                  | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |     13877 | NS      | $518168.42    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Westpac Banking Corp                      | Westpac Banking Corp                                      | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |     26505 | NS      | $576069.75    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay Pacific Airways Ltd                | Cathay Pacific Airways Ltd                                | CUSIP: N/A<br>LEI: EQNZNT235RBOJ6LJQZ02       | Long             | EC               | CORP              | HK        |      8000 | NS      | $11923.57     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gjensidige Forsikring ASA                 | Gjensidige Forsikring ASA                                 | CUSIP: N/A<br>LEI: 5967007LIEEXZX6FAO47       | Long             | EC               | CORP              | NO        |      1702 | NS      | $44876.55     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                             | Golar LNG Ltd                                             | CUSIP: N/A<br>LEI: 213800C2VSFZG3EZLO34       | Long             | EC               | CORP              | BM        |      1127 | NS      | $46387.32     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Clal Insurance Enterprises Hol            | Clal Insurance Enterprises Holdings Ltd                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |       590 | NS      | $28428.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology One Ltd                        | Technology One Ltd                                        | CUSIP: N/A<br>LEI: 875500YEWBJIM91P9N12       | Long             | EC               | CORP              | AU        |      4380 | NS      | $115632.05    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                   | Tower Semiconductor Ltd                                   | CUSIP: N/A<br>LEI: 54930086ZSNXZOUX0C54       | Long             | EC               | CORP              | IL        |       851 | NS      | $39777.12     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong Holdings Ltd                | BOC Hong Kong Holdings Ltd                                | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |     26000 | NS      | $116917.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd                  | United Overseas Bank Ltd                                  | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     11900 | NS      | $331685.92    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesfarmers Ltd                            | Wesfarmers Ltd                                            | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |      8365 | NS      | $460971.14    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                    | Cie de Saint-Gobain SA                                    | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      3781 | NS      | $432782.48    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Life Holding AG                     | Swiss Life Holding AG                                     | CUSIP: N/A<br>LEI: 5493000KUC3Z24U77V93       | Long             | EC               | CORP              | CH        |       214 | NS      | $222839.27    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBGFS 9                   | US BANK MMDA - USBGFS 9                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    322870 | NS      | $322869.95    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Brambles Ltd                              | Brambles Ltd                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     10224 | NS      | $157099.24    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Shopping Centers Ltd                  | Big Shopping Centers Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |       138 | NS      | $26410.67     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank SA                              | CaixaBank SA                                              | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     27998 | NS      | $263598.55    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO Inc                                  | ZOZO Inc                                                  | CUSIP: N/A<br>LEI: 549300GC7XPQMZA0OW13       | Long             | EC               | CORP              | JP        |      3800 | NS      | $37672.41     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                               | Swiss Re AG                                               | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |      2642 | NS      | $475706.37    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX Group Ltd                             | TMX Group Ltd                                             | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |      2634 | NS      | $107101.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Xero Ltd                                  | Xero Ltd                                                  | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |      1326 | NS      | $154231.03    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                            | Commerzbank AG                                            | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |      7348 | NS      | $268672.81    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                                  | Tele2 AB                                                  | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |      5492 | NS      | $84882.87     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                            | TC Energy Corp                                            | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     10452 | NS      | $499064.90    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco PLC                                 | Tesco PLC                                                 | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |     56951 | NS      | $319954.51    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Lt            | Brookfield Asset Management Ltd                           | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | US        |      3892 | NS      | $239991.69    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                           | Brookfield Corp                                           | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     15323 | NS      | $1026362.32   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                       | Imperial Brands PLC                                       | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |      9441 | NS      | $368313.71    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                         | HSBC Holdings PLC                                         | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    131076 | NS      | $1597423.84   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| IGM Financial Inc                         | IGM Financial Inc                                         | CUSIP: 449586106<br>LEI: 254900RYHLVJNTUFDA95 | Long             | EC               | CORP              | CA        |       673 | NS      | $22284.38     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                      | Royal Bank of Canada                                      | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     12471 | NS      | $1600186.99   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                    | SAP SE                                                    | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |     12045 | NS      | $3447437.43   | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                   | Heidelberg Materials AG                                   | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      1392 | NS      | $321681.67    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Computershare Ltd                         | Computershare Ltd                                         | CUSIP: N/A<br>LEI: 21380085HOKTMGLV9G93       | Long             | EC               | CORP              | AU        |      4472 | NS      | $121135.95    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth Bank of Australia            | Commonwealth Bank of Australia                            | CUSIP: N/A<br>LEI: MSFSBD3QN1GSN7Q6C537       | Long             | EC               | CORP              | AU        |     11215 | NS      | $1282251.74   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Insurance Australia Group Ltd             | Insurance Australia Group Ltd                             | CUSIP: N/A<br>LEI: 549300PFEWKNHRG25N08       | Long             | EC               | CORP              | AU        |     26100 | NS      | $147100.37    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Harel Insurance Investments &             | Harel Insurance Investments & Financial Services Ltd      | CUSIP: N/A<br>LEI: 213800BDNN3W11SXXD60       | Long             | EC               | CORP              | IL        |      1475 | NS      | $44674.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                               | Hitachi Ltd                                               | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     31000 | NS      | $965563.66    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongkong Land Holdings Ltd                | Hongkong Land Holdings Ltd                                | CUSIP: G4587L109<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | HK        |      7900 | NS      | $47795.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IHI Corp                                  | IHI Corp                                                  | CUSIP: N/A<br>LEI: 549300ETQIESIUQ2OE26       | Long             | EC               | CORP              | JP        |      2700 | NS      | $304108.09    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryohin Keikaku Co Ltd                     | Ryohin Keikaku Co Ltd                                     | CUSIP: N/A<br>LEI: 549300PMNF56J66BY371       | Long             | EC               | CORP              | JP        |      2900 | NS      | $137884.62    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vend Marketplaces ASA                     | Vend Marketplaces ASA                                     | CUSIP: N/A<br>LEI: 5967007LIEEXZXHT0O36       | Long             | EC               | CORP              | NO        |       630 | NS      | $23740.70     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                             | UniCredit SpA                                             | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     12465 | NS      | $919366.12    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                     | Waste Connections Inc                                     | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      2055 | NS      | $383740.40    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Coles Group Ltd                           | Coles Group Ltd                                           | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |     10550 | NS      | $140616.04    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellebrite DI Ltd                         | Cellebrite DI Ltd                                         | CUSIP: N/A<br>LEI: 254900G03462YGP1IO36       | Long             | EC               | CORP              | IL        |      1215 | NS      | $16985.70     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technolog            | Check Point Software Technologies Ltd                     | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |       537 | NS      | $99989.40     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanrio Co Ltd                             | Sanrio Co Ltd                                             | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125       | Long             | EC               | CORP              | JP        |      3200 | NS      | $132053.05    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanwa Holdings Corp                       | Sanwa Holdings Corp                                       | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |      3700 | NS      | $101529.18    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                               | Wix.com Ltd                                               | CUSIP: N/A<br>LEI: 5493008P6N29Q1AG9464       | Long             | EC               | CORP              | IL        |       457 | NS      | $62165.71     | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Holcim AG                                 | Holcim AG                                                 | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      4803 | NS      | $384240.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                             | Goodman Group                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     13846 | NS      | $313035.67    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                 | Safran SA                                                 | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      2629 | NS      | $868562.77    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                      | Schindler Holding AG                                      | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |       152 | NS      | $53614.04     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                              | Iberdrola SA                                              | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     42344 | NS      | $741999.75    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                         | Compass Group PLC                                         | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     13755 | NS      | $484113.51    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| iA Financial Corp Inc                     | iA Financial Corp Inc                                     | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |       782 | NS      | $76546.38     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandoz Group AG                           | Sandoz Group AG                                           | CUSIP: N/A<br>LEI: 5493000JWK6XWFEUD320       | Long             | EC               | CORP              | CH        |      3450 | NS      | $198483.84    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA             | Industria de Diseno Textil SA                             | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |      7888 | NS      | $377265.09    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                              | ING Groep NV                                              | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     16383 | NS      | $383087.03    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                     | CyberArk Software Ltd                                     | CUSIP: N/A<br>LEI: 529900YEXNDM894PWS93       | Long             | EC               | CORP              | IL        |       393 | NS      | $161707.71    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                    | Standard Chartered PLC                                    | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     19009 | NS      | $341544.43    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC                          | ARM Holdings PLC                                          | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |       712 | NS      | $100659.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| ST Engineering                            | Singapore Technologies Engineering Ltd                    | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |     12500 | NS      | $84430.84     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Skanska AB                                | Skanska AB                                                | CUSIP: N/A<br>LEI: 549300UINV5RINHGMG07       | Long             | EC               | CORP              | SE        |      2600 | NS      | $60582.78     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SingTel                                   | Singapore Telecommunications Ltd                          | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |     74200 | NS      | $221731.36    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SpareBank 1 Sor-Norge ASA                 | SpareBank 1 Sor-Norge ASA                                 | CUSIP: N/A<br>LEI: 549300Q3OIWRHQUQM052       | Long             | EC               | CORP              | NO        |      1079 | NS      | $18931.84     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd                                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      6993 | NS      | $868119.18    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corp                   | Manulife Financial Corp                                   | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     17841 | NS      | $551994.57    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc                        | Sompo Holdings Inc                                        | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |      7900 | NS      | $234275.86    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                     | Spotify Technology SA                                     | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |      2267 | NS      | $1420366.18   | 2.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Fairfax Financial Holdings Ltd            | Fairfax Financial Holdings Ltd                            | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       154 | NS      | $272385.28    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                                 | adidas AG                                                 | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |      1189 | NS      | $228024.98    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co KGaA                    | Fresenius SE & Co KGaA                                    | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |      3452 | NS      | $165377.06    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mediobanca Banca di Credito Fi            | Mediobanca Banca di Credito Finanziario SpA               | CUSIP: N/A<br>LEI: PSNL19R2RXX5U3QWHI44       | Long             | EC               | CORP              | IT        |      3345 | NS      | $73826.90     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                | Allianz SE                                                | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      3569 | NS      | $1414126.70   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                       | Erste Group Bank AG                                       | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |      2677 | NS      | $246079.80    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Securitas AB                              | Securitas AB                                              | CUSIP: N/A<br>LEI: 635400TTYKE8EIWDS617       | Long             | EC               | CORP              | SE        |      4027 | NS      | $59854.28     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                                  | Telefonaktiebolaget LM Ericsson                           | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |     24897 | NS      | $181439.03    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Asics Corp                                | Asics Corp                                                | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     11700 | NS      | $276827.59    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First International Bank Of Is            | First International Bank Of Israel Ltd/The                | CUSIP: N/A<br>LEI: 2138002RV6AUUX19F397       | Long             | EC               | CORP              | IL        |       290 | NS      | $20213.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristocrat Leisure Ltd                    | Aristocrat Leisure Ltd                                    | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      7076 | NS      | $318498.67    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Ltd                    | Singapore Exchange Ltd                                    | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |      7300 | NS      | $89956.87     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fisher & Paykel Healthcare Cor            | Fisher & Paykel Healthcare Corp Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NZ        |      5221 | NS      | $113185.74    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd                              | Fujikura Ltd                                              | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |      4800 | NS      | $330238.73    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Obayashi Corp                             | Obayashi Corp                                             | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |      5400 | NS      | $79800.40     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Shufersal Ltd                             | Shufersal Ltd                                             | CUSIP: N/A<br>LEI: 984500F64E05B78E0D41       | Long             | EC               | CORP              | IL        |      2658 | NS      | $32202.06     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                                   | ABB Ltd                                                   | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     11497 | NS      | $757549.33    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                       | EssilorLuxottica SA                                       | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |      3012 | NS      | $895759.53    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                   | Sea Ltd                                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      5233 | NS      | $819749.45    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS Actividades de Construccio            | ACS Actividades de Construccion y Servicios SA            | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |      1639 | NS      | $112973.86    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp L            | Oversea-Chinese Banking Corp Ltd                          | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |     33700 | NS      | $437861.21    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Orkla ASA                                 | Orkla ASA                                                 | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |      6412 | NS      | $67601.15     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                              | 3i Group PLC                                              | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |      9767 | NS      | $535430.76    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd                      | Evolution Mining Ltd                                      | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |     17882 | NS      | $81707.02     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd                    | Otsuka Holdings Co Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4300 | NS      | $208242.04    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ageas SA/NV                               | Ageas SA/NV                                               | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |      1338 | NS      | $91233.87     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB Group PLC                             | AIB Group PLC                                             | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |      9504 | NS      | $75379.51     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AAK AB                                    | AAK AB                                                    | CUSIP: N/A<br>LEI: 549300GK4LGIDDWJWL07       | Long             | EC               | CORP              | SE        |      1392 | NS      | $35918.91     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seibu Holdings Inc                        | Seibu Holdings Inc                                        | CUSIP: N/A<br>LEI: 353800JY9TYV9WTCN620       | Long             | EC               | CORP              | JP        |      1800 | NS      | $50514.59     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AddTech AB                                | AddTech AB                                                | CUSIP: N/A<br>LEI: 549300QZ5U2IDRHPWL60       | Long             | EC               | CORP              | SE        |      1755 | NS      | $59161.84     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                         | Siemens Energy AG                                         | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |      8552 | NS      | $995474.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA               | FinecoBank Banca Fineco SpA                               | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |      3693 | NS      | $78894.59     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                 | Argenx SE                                                 | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |       612 | NS      | $415137.80    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SGH Ltd                                   | SGH Ltd                                                   | CUSIP: N/A<br>LEI: 254900DME8O9GCK94794       | Long             | EC               | CORP              | AU        |      1229 | NS      | $40485.93     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pearson PLC                               | Pearson PLC                                               | CUSIP: N/A<br>LEI: 2138004JBXWWJKIURC57       | Long             | EC               | CORP              | GB        |      6423 | NS      | $90975.53     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                   | National Bank of Canada                                   | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |      2447 | NS      | $254536.74    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Metro Inc/CN                              | Metro Inc/CN                                              | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |      1689 | NS      | $129149.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                  | Pan American Silver Corp                                  | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      2900 | NS      | $78339.35     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                                 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      1023 | NS      | $671983.29    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                            | Rheinmetall AG                                            | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       640 | NS      | $1267554.52   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                           | Pro Medicus Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       828 | NS      | $171281.90    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Financial Ltd                     | Phoenix Financial Ltd                                     | CUSIP: N/A<br>LEI: 254900IUA68QTCFYHE30       | Long             | EC               | CORP              | IL        |      1853 | NS      | $63432.01     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Migdal Insurance & Financial H            | Migdal Insurance & Financial Holdings Ltd                 | CUSIP: N/A<br>LEI: 549300W4Y1WPXVCYYE42       | Long             | EC               | CORP              | IL        |      4325 | NS      | $13252.27     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                  | Nova Ltd                                                  | CUSIP: N/A<br>LEI: 529900B2DSWE5V3SC292       | Long             | EC               | CORP              | IL        |       186 | NS      | $49929.95     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NS Solutions Corp                         | NS Solutions Corp                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       600 | NS      | $14184.35     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Menora Mivtachim Holdings Ltd             | Menora Mivtachim Holdings Ltd                             | CUSIP: N/A<br>LEI: 2549009I6K3RDXFFY773       | Long             | EC               | CORP              | IL        |       269 | NS      | $23452.58     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc                | Mizuho Financial Group Inc                                | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |     14800 | NS      | $439877.98    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries Lt            | Mitsubishi Heavy Industries Ltd                           | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |     33700 | NS      | $811213.53    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| National Australia Bank Ltd               | National Australia Bank Ltd                               | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21       | Long             | EC               | CORP              | AU        |     15993 | NS      | $399912.36    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC Corp                                  | NEC Corp                                                  | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |      8900 | NS      | $259622.68    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd                        | Qantas Airways Ltd                                        | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |      7828 | NS      | $54683.21     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE Insurance Group Ltd                   | QBE Insurance Group Ltd                                   | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |     11903 | NS      | $177467.19    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ricoh Co Ltd                              | Ricoh Co Ltd                                              | CUSIP: N/A<br>LEI: 549300HFIB2GRUMDID72       | Long             | EC               | CORP              | JP        |      4700 | NS      | $41467.84     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   1627636 | NS      | $1627635.50   | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                       | MTU Aero Engines AG                                       | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |       532 | NS      | $229612.33    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                           | MonotaRO Co Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2400 | NS      | $43034.48     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                              | Prysmian SpA                                              | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |      2707 | NS      | $217420.04    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                  | RELX PLC                                                  | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     12798 | NS      | $665252.61    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD Insurance Group Holdings            | MS&AD Insurance Group Holdings Inc                        | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |      9000 | NS      | $193607.43    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp                     | Pembina Pipeline Corp                                     | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |      3814 | NS      | $141758.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                  | Rolls-Royce Holdings PLC                                  | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    106849 | NS      | $1512706.39   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Plus500 Ltd                               | Plus500 Ltd                                               | CUSIP: N/A<br>LEI: 549300X8NGW9C5OJZU13       | Long             | EC               | CORP              | IL        |       802 | NS      | $35651.51     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                         | NatWest Group PLC                                         | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |     72661 | NS      | $505709.81    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordnet AB publ                           | Nordnet AB publ                                           | CUSIP: N/A<br>LEI: 549300D6WW5ZTWLZ4C08       | Long             | EC               | CORP              | SE        |      1451 | NS      | $39279.31     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd                   | Recruit Holdings Co Ltd                                   | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     14900 | NS      | $894395.23    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakuten Bank Ltd                          | Rakuten Bank Ltd                                          | CUSIP: N/A<br>LEI: 3538007HFAF2NOCBUE44       | Long             | EC               | CORP              | JP        |       800 | NS      | $37559.68     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Poste Italiane SpA                        | Poste Italiane SpA                                        | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |      5838 | NS      | $126351.09    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group AG                         | Galderma Group AG                                         | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |       532 | NS      | $83508.77     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AtkinsRealis Group Inc                    | AtkinsRealis Group Inc                                    | CUSIP: 04764T104<br>LEI: UL01OYG5OMLM5G6CFM03 | Long             | EC               | CORP              | CA        |      1332 | NS      | $94314.75     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME SA                               | Aena SME SA                                               | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |      5485 | NS      | $147692.58    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                           | Alamos Gold Inc                                           | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |      4392 | NS      | $106725.35    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                           | Amer Sports Inc                                           | CUSIP: N/A<br>LEI: 391200YCSWTRD1J21867       | Long             | EC               | CORP              | FI        |      1165 | NS      | $43734.10     | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-08-22

**Name of Applicant:** Innovator ETFs Trust

**Signature:** /s/ Kathleen Meyer

**Name of Signer:** Innovator ETFs Trust

**Title:** Principal Financial Officer