Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2028

Frequently Asked Questions About AJUL

What does AJUL invest in?

AJUL invests all its assets in FLEX options. The option positions are structured in a way that aims to provide long exposure to US large-cap stocks, up to a cap, while fully hedging downside risk over two years. The upside cap and hedge are reset every other year at the beginning of July. Shareholders should note that they will not receive dividends since the objective focuses on potential growth. The specific defined outcome pursued may only be possible if an investor would hold the shares for the entire outcome period. However, there is no guarantee that the defined outcome strategy pursued will be realized by investors. When factoring risks, potential rewards, and the all-in costs for such a strategy, AJUL is considered an alternative to more expensive fixed indexed annuities, market-linked CDs, holding near-term Treasury, or cash. For comparative purposes, AJUL investors need to double the stated expense ratio of the fund.

What is the expense ratio of AJUL?

Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2028 (AJUL) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of AJUL?

Effective duration measures AJUL's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. AJUL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of AJUL?

AJUL's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of AJUL?

Yield to maturity (YTM) is the total return you'd earn from AJUL if every bond in the portfolio is held to maturity at the current price. AJUL's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is AJUL?

Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2028 (AJUL) manages $98.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.