# EDGAR Filing Document

**Accession Number:** 0001415726
**File Stem:** 0000894189-25-008572
**Filing Date:** 2025-9
**Character Count:** 42241
**Document Hash:** 941a8e7a66f988e3bf0c8ec027289bf8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-008572.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0000894189-25-008572

**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:** 251337386

**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 S&P Investment Grade Preferred ETF (Series ID: S000073678)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000230750 | Innovator S&P Investment Grade Preferred ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Innovator S&P Investment Grade Preferred ETF** | **Innovator S&P Investment Grade Preferred ETF** | **Innovator S&P Investment Grade Preferred ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **PREFERRED STOCKS - 75.7%** | **Shares** | **Value**  |
| **Banks - 39.7%<sup>(a)</sup>** | **Banks - 39.7%<sup>(a)</sup>** | |
| Bank of America Corp. | – | $– |
| &nbsp;&nbsp; Series 02, 5.24% (3 mo. Term SOFR + 0.91%), Perpetual | 13902 | $285269 |
| &nbsp;&nbsp; Series 4, 5.34% (3 mo. Term SOFR + 1.01%), Perpetual | 12850 | 274990 |
| &nbsp;&nbsp; Series 5, 5.08% (3 mo. Term SOFR + 0.76%), Perpetual | 13712 | 285210 |
| &nbsp;&nbsp; Series E, 4.94% (3 mo. Term SOFR + 0.61%), Perpetual | 13016 | 276460 |
| &nbsp;&nbsp; Series GG, 6.00%, Perpetual | 11207 | 282641 |
| &nbsp;&nbsp; Series HH, 5.88%, Perpetual | 11565 | 283689 |
| &nbsp;&nbsp; Series KK, 5.38%, Perpetual | 12763 | 279893 |
| &nbsp;&nbsp; Series LL, 5.00%, Perpetual | 13706 | 280288 |
| &nbsp;&nbsp; Series NN, 4.38%, Perpetual | 15592 | 277693 |
| &nbsp;&nbsp; Series PP, 4.13%, Perpetual | 16399 | 276159 |
| &nbsp;&nbsp; Series QQ, 4.25%, Perpetual | 16062 | 283334 |
| &nbsp;&nbsp; Series SS, 4.75%, Perpetual | 14303 | 279910 |
|  Bank of New York Mellon Corp., Series K, 6.15% to 03/20/2030 then 5 yr. CMT Rate + 2.16%, Perpetual | 130736 | 3375603 |
|  Cullen/Frost Bankers, Inc., Series B, 4.45%, Perpetual | 190048 | 3303034 |
| JPMorgan Chase & Co. | – | $– |
| &nbsp;&nbsp; Series DD, 5.75%, Perpetual | 22829 | 572095 |
| &nbsp;&nbsp; Series EE, 6.00%, Perpetual <sup>(b)</sup> | 22192 | 565896 |
| &nbsp;&nbsp; Series GG, 4.75%, Perpetual | 27398 | 557823 |
| &nbsp;&nbsp; Series JJ, 4.55%, Perpetual | 28944 | 560066 |
| &nbsp;&nbsp; Series LL, 4.63%, Perpetual | 28262 | 557044 |
| &nbsp;&nbsp; Series MM, 4.20%, Perpetual <sup>(b)</sup> | 30692 | 560436 |
| Morgan Stanley | – | $– |
| &nbsp;&nbsp; Series A, 5.28% (3 mo. Term SOFR + 0.96%), Perpetual | 17403 | 379385 |
| &nbsp;&nbsp; Series E, 7.13% (3 mo. LIBOR US + 4.32%), Perpetual <sup>(c)</sup> | 14789 | 376084 |
| &nbsp;&nbsp; Series F, 6.88% (3 mo. LIBOR US + 3.94%), Perpetual <sup>(c)</sup> | 14961 | 377765 |
| &nbsp;&nbsp; Series I, 6.38% (3 mo. LIBOR US + 3.71%), Perpetual <sup>(c)</sup> | 14960 | 372953 |
| &nbsp;&nbsp; Series K, 5.85% (3 mo. LIBOR US + 3.49%), Perpetual <sup>(c)</sup> | 15618 | 372021 |
| &nbsp;&nbsp; Series L, 4.88%, Perpetual | 18655 | 374033 |
| &nbsp;&nbsp; Series O, 4.25%, Perpetual <sup>(b)</sup> | 21490 | 374141 |
| &nbsp;&nbsp; Series P, 6.50%, Perpetual | 14493 | 371021 |
| &nbsp;&nbsp; Series Q, 6.63%, Perpetual <sup>(b)</sup> | 14327 | 369063 |
|  Northern Trust Corp., Series E, 4.70%, Perpetual | 169747 | 3428889 |
|  State Street Corp., Series G, 5.35% (3 mo. LIBOR US + 3.71%), Perpetual <sup>(c)</sup> | 152192 | 3430408 |
| Truist Financial Corp. | – | $– |
| &nbsp;&nbsp; Series O, 5.25%, Perpetual | 79046 | 1716089 |
| &nbsp;&nbsp; Series R, 4.75%, Perpetual | 87741 | 1699543 |
|  UMB Financial Corp., 7.75% to 07/15/2030 then 5 yr. CMT Rate + 3.74%, Perpetual | 130083 | 3408175 |
| US Bancorp | – | $– |
| &nbsp;&nbsp; Series B\*, 5.18% (3 mo. Term SOFR + 0.86%), Perpetual | 33479 | 689667 |
| &nbsp;&nbsp; Series K, 5.50%, Perpetual | 29756 | 688256 |
| &nbsp;&nbsp; Series L, 3.75%, Perpetual | 43874 | 680047 |
| &nbsp;&nbsp; Series M, 4.00%, Perpetual <sup>(b)</sup> | 40928 | 673266 |
| &nbsp;&nbsp; Series O, 4.50%, Perpetual <sup>(b)</sup> | 36103 | 684874 |
|  |  | 33883213 |
| **Diversified Financial Services - 8.0%** | **Diversified Financial Services - 8.0%** |  |
| Charles Schwab Corp. | – | $– |
| &nbsp;&nbsp; Series D, 5.95%, Perpetual | 68104 | 1701919 |
| &nbsp;&nbsp; Series J, 4.45%, Perpetual <sup>(b)</sup> | 87416 | 1703738 |
|  Voya Financial, Inc., Series B, 5.35% to 09/15/2029 then 5 yr. CMT Rate + 3.21%, Perpetual | 138493 | 3413852 |
|  |  | 6819509 |
| **Insurance - 28.0%<sup>(a)</sup>** | **Insurance - 28.0%<sup>(a)</sup>** |  |
| Arch Capital Group Ltd. | – | $– |
| &nbsp;&nbsp; Series F, 5.45%, Perpetual | 81757 | 1694005 |
| &nbsp;&nbsp; Series G, 4.55%, Perpetual | 99904 | 1738330 |
| Athene Holding Ltd. | – | $– |
| &nbsp;&nbsp; Series A, 6.35% to 6/30/2029 then 3 mo. LIBOR US + 4.25%, Perpetual <sup>(c)</sup> | 33915 | 844144 |
| &nbsp;&nbsp; Series B, 5.63%, Perpetual | 41829 | 837835 |
| &nbsp;&nbsp; Series D, 4.88%, Perpetual | 49226 | 845210 |
| &nbsp;&nbsp; Series E, 7.75% (5 yr. CMT Rate + 3.96%), Perpetual | 32187 | 845231 |
|  Axis Capital Holdings Ltd., Series E, 5.50%, Perpetual | 166984 | 3434861 |
| Equitable Holdings, Inc. | – | $– |
| &nbsp;&nbsp; Series A, 5.25%, Perpetual | 81837 | 1692389 |
| &nbsp;&nbsp; Series C, 4.30%, Perpetual | 100617 | 1694390 |
|  Hartford Insurance Group, Inc., Series G, 6.00%, Perpetual | 134636 | 3387442 |
| MetLife, Inc. | – | $– |
| &nbsp;&nbsp; Series A, 5.58% (3 mo. Term SOFR + 1.26%), Perpetual | 47767 | 1142587 |
| &nbsp;&nbsp; Series E, 5.63%, Perpetual <sup>(b)</sup> | 47109 | 1135327 |
| &nbsp;&nbsp; Series F, 4.75%, Perpetual | 56639 | 1146940 |
| RenaissanceRe Holdings Ltd. | – | $– |
| &nbsp;&nbsp; Series F, 5.75%, Perpetual | 78460 | 1730043 |
| &nbsp;&nbsp; Series G, 4.20%, Perpetual | 105839 | 1705066 |
|  |  | 23873800 |
| **TOTAL PREFERRED STOCKS** (Cost $74,441,516) | **TOTAL PREFERRED STOCKS** (Cost $74,441,516) | 64576522 |
| **CONVERTIBLE PREFERRED STOCKS - 12.1%** | **Shares** | **Value**  |
| **Diversified Financial Services - 8.0%** | **Diversified Financial Services - 8.0%** |  |
|  Apollo Global Management, Inc., 6.75%, 07/31/2026 | 44187 | $3366166 |
|  Ares Management Corp., Series B, 6.75%, 10/01/2027 | 61530 | 3482598 |
|  |  | 6848764 |
| **Private Equity - 4.1%** | **Private Equity - 4.1%** |  |
|  KKR & Co., Inc., Series D, 6.25%, 03/01/2028 | 61008 | 3504909 |
| **TOTAL CONVERTIBLE PREFERRED STOCKS** (Cost $9,175,261) | **TOTAL CONVERTIBLE PREFERRED STOCKS** (Cost $9,175,261) | 10353673 |
| **REAL ESTATE INVESTMENT TRUSTS - PREFERRED - 12.1%** | **Shares** | **Value**  |
| **REITS - 12.1%** | **REITS - 12.1%** |  |
|  Agree Realty Corp., Series A, 4.25%, Perpetual | 195877 | 3371043 |
| Kimco Realty Corp. | – | $– |
| &nbsp;&nbsp; Series L, 5.13%, Perpetual | 85130 | 1740909 |
| &nbsp;&nbsp; Series M, 5.25%, Perpetual | 83823 | 1749386 |
| Public Storage | – | $– |
| &nbsp;&nbsp; Series F, 5.15%, Perpetual | 14736 | 313730 |
| &nbsp;&nbsp; Series G, 5.05%, Perpetual | 15017 | 311002 |
| &nbsp;&nbsp; Series H, 5.60%, Perpetual | 13401 | 313986 |
| &nbsp;&nbsp; Series I, 4.88%, Perpetual | 15715 | 310371 |
| &nbsp;&nbsp; Series J, 4.70%, Perpetual | 16315 | 312106 |
| &nbsp;&nbsp; Series L, 4.63%, Perpetual | 16455 | 311493 |
| &nbsp;&nbsp; Series N, 3.88%, Perpetual | 19712 | 309478 |
| &nbsp;&nbsp; Series O, 3.90%, Perpetual | 19524 | 306917 |
| &nbsp;&nbsp; Series P, 4.00%, Perpetual | 19184 | 313850 |
| &nbsp;&nbsp; Series R, 4.00%, Perpetual | 19172 | 312887 |
| &nbsp;&nbsp; Series S, 4.10%, Perpetual | 18626 | 309937 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** (Cost $12,769,512) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** (Cost $12,769,512) | 10287095 |
| **SHORT-TERM INVESTMENTS - 4.2%** |  | **Value**  |
| **Investments Purchased with Proceeds from Securities Lending - 4.2%** | **<u>Units</u>** |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.58%<sup>(d)</sup> | 3582577 | 3582577 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $3,582,577) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $3,582,577) | 3582577 |
| **TOTAL INVESTMENTS - 104.1% (**Cost $99,968,866**)** | **TOTAL INVESTMENTS - 104.1% (**Cost $99,968,866**)** | 88799867 |
| Money Market Deposit Account - 0.6% <sup>(e)</sup> | Money Market Deposit Account - 0.6% <sup>(e)</sup> | 514697 |
| Liabilities in Excess of Other Assets - (4.7)% | Liabilities in Excess of Other Assets - (4.7)% | (4005873) |
| **TOTAL NET ASSETS - 100.0%** |  | $85308691 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LIBOR - London Interbank Offered Rate |
| LLC - Limited Liability Company |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |

---

(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) All or a portion of this security is on loan as of July 31, 2025. The fair value of these securities was $3,501,848.

(c) Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.

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

(e) 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 S&P Investment Grade Preferred 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;Preferred Stocks | $64576522 | $– | $– | $64576522 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Preferred Stocks | 10353673 | – | – | 10353673 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Preferred | 10287095 | – | – | 10287095 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 3582577 |
| Total Investments | $85217290 | $– | $– | $88799867 |
| 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 $3,582,577 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>

---

| | | |
|:---|:---|:---|
| Preferred Stocks | $64576522 | 75.7% |
| Convertible Preferred Stocks | 10353673 | 12.1 |
| Real Estate Investment Trusts - Preferred | 10287095 | 12.1 |
| Investments Purchased with Proceeds from Securities Lending | 3582577 | 4.2 |
| Money Market Deposit Account | 514697 | 0.6 |
| Liabilities in Excess of Other Assets | (4005873) | (4.7) |
|  | $**85308691** | 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 S&P Investment Grade Preferred ETF

- **b. EDGAR series identifier (if any):** S000073678

- **c. LEI of Series:** 549300JY7G5F0EJ1SJ45

**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:** $89353632.87

**Total Liabilities:** $4045364.47

**Net Assets:** $85308268.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230750 | 0.48%                | 1.25%                | 2.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-65735.03               | $-79802.14                                 |
| Month 2  | $-70263.19               | $580583.18                                 |
| Month 3  | $-374040.77              | $2565417.96                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W461<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     19184 | NS      | $313850.24    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W487<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     19524 | NS      | $306917.28    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W511<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     19712 | NS      | $309478.40    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W552<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     16455 | NS      | $311493.15    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W594<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     16315 | NS      | $312105.95    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W628<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     15715 | NS      | $310371.25    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W644<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     13401 | NS      | $313985.43    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W669<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     15017 | NS      | $311002.07    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W685<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     14736 | NS      | $313729.44    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                  | RenaissanceRe Holdings Ltd                | CUSIP: 75968N309<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |     78460 | NS      | $1730043.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                         | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |    152192 | NS      | $3430407.68   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                     | CUSIP: 89832Q695<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     87741 | NS      | $1699543.17   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                     | CUSIP: 89832Q745<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     79046 | NS      | $1716088.66   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                  | RenaissanceRe Holdings Ltd                | CUSIP: EP0599001<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |    105839 | NS      | $1705066.29   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE REALTY CORP                         | Agree Realty Corp                         | CUSIP: 008492209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    195877 | NS      | $3371043.17   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT                  | Apollo Global Management Inc              | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |     44187 | NS      | $3366165.66   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                    | Arch Capital Group Ltd                    | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |     81757 | NS      | $1694005.04   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                       | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     28944 | NS      | $560066.40    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                       | CUSIP: 48128B622<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     27398 | NS      | $557823.28    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                    | Arch Capital Group Ltd                    | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |     99904 | NS      | $1738329.60   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                       | CUSIP: 48128B648<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     22192 | NS      | $565896.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                       | CUSIP: 48128B655<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     22829 | NS      | $572094.74    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                              | KKR & Co Inc                              | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     61008 | NS      | $3504909.60   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP                         | Kimco Realty Corp                         | CUSIP: 49446R711<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |     83823 | NS      | $1749386.01   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP                      | Ares Management Corp                      | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |     61530 | NS      | $3482598.00   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                        | CUSIP: 04686J200<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     41829 | NS      | $837834.87    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP                         | Kimco Realty Corp                         | CUSIP: 49446R737<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |     85130 | NS      | $1740908.50   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                               | MetLife Inc                               | CUSIP: 59156R504<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     47767 | NS      | $1142586.64   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                        | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     49226 | NS      | $845210.42    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                        | CUSIP: 04686J507<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     32187 | NS      | $845230.62    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                        | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     33915 | NS      | $844144.35    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HLDGS LTD                    | Axis Capital Holdings Ltd                 | CUSIP: 05461T305<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EP               | CORP              | BM        |    166984 | NS      | $3434860.88   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 060505195<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     11565 | NS      | $283689.45    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 060505229<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     11207 | NS      | $282640.54    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                               | MetLife Inc                               | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     56639 | NS      | $1146939.75   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                               | MetLife Inc                               | CUSIP: 59156R876<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     47109 | NS      | $1135326.90   | 1.33%             |  |  |  | No            |                  1 | On Loan: —       |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 060505583<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     13712 | NS      | $285209.60    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 060505591<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     12850 | NS      | $274990.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 060505625<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     13902 | NS      | $285269.04    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 060505815<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     13016 | NS      | $276459.84    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61747S504<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     17403 | NS      | $379385.40    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     14960 | NS      | $372952.80    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61762V200<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     14789 | NS      | $376084.27    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     15618 | NS      | $372020.76    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61762V804<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     18655 | NS      | $374032.75    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     14327 | NS      | $369063.52    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| EQUITABLE HOLDINGS INC                    | Equitable Holdings Inc                    | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |    100617 | NS      | $1694390.28   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD INSUR GRP INC/T                  | Hartford Insurance Group Inc/The          | CUSIP: 416518603<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EP               | CORP              | US        |    134636 | NS      | $3387441.76   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                       | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     30692 | NS      | $560435.92    | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                       | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     28262 | NS      | $557044.02    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORP                       | Northern Trust Corp                       | CUSIP: 665859856<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |    169747 | NS      | $3428889.40   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W396<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     18626 | NS      | $309936.64    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                            | Public Storage                            | CUSIP: 74460W420<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     19172 | NS      | $312887.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB FINANCIAL CORP                        | UMB Financial Corp                        | CUSIP: 902788405<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |    130083 | NS      | $3408174.60   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                | US Bancorp                                | CUSIP: 902973155<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     33479 | NS      | $689667.40    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                | US Bancorp                                | CUSIP: 902973668<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     36103 | NS      | $684873.91    | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| US BANCORP                                | US Bancorp                                | CUSIP: 902973718<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     40928 | NS      | $673265.60    | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   3582577 | NS      | $3582577.00   | 4.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     14493 | NS      | $371020.80    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     21490 | NS      | $374140.90    | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY                            | Morgan Stanley                            | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     14961 | NS      | $377765.25    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 06053U601<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     12763 | NS      | $279892.59    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 06055H202<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     13706 | NS      | $280287.70    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 06055H400<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     15592 | NS      | $277693.52    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 06055H608<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     16399 | NS      | $276159.16    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 06055H806<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     16062 | NS      | $283333.68    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                      | CUSIP: 06055H871<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     14303 | NS      | $279909.71    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The          | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |    130736 | NS      | $3375603.52   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CULLEN/FROST BANKERS INC                  | Cullen/Frost Bankers Inc                  | CUSIP: 229899307<br>LEI: 529900V2E9G9AY665O34 | Long             | EP               | CORP              | US        |    190048 | NS      | $3303034.24   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                    | Equitable Holdings Inc                    | CUSIP: 29452E200<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |     81837 | NS      | $1692389.16   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                   | CUSIP: 808513600<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |     68104 | NS      | $1701918.96   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                   | CUSIP: 808513865<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |     87416 | NS      | $1703737.84   | 2.00%             |  |  |  | No            |                  1 | On Loan: —       |
| US BANK MMDA - USBGFS 9                   | US BANK MMDA - USBGFS 9                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    514697 | NS      | $514696.76    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                | US Bancorp                                | CUSIP: 902973734<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     43874 | NS      | $680047.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                | US Bancorp                                | CUSIP: 902973759<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     29756 | NS      | $688256.28    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC                        | Voya Financial Inc                        | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |    138493 | NS      | $3413852.45   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |

### 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