# Innovator U.S. Equity Buffer ETF (BJUN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bjun for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Innovator · Asset class: Equity - Strategy: Buffered · Inception: 2019-06-03 The Innovator U.S. Equity Buffer ETF is designed to mirror the total return of the SPDR S&P 500 ETF Trust (SPY), though its maximum gains are subject to a pre-established limit. It concurrently offers investors a protective cushion against the first 9% of losses incurred during its defined outcome period. This ETF supports long-term investment, as its characteristics, including both protection and growth potential, are recalibrated roughly once a year at the close of each period. ## Key Facts | Metric | Value | |---|---| | Price | $49.50 | | Expense Ratio | 0.79% | | Assets Under Management | $243.9M | | NAV | $49.51 | | Holdings Count | 6 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $45.27 – $50.48 | | Beta | 0.56 | ## Frequently Asked Questions ### What does BJUN invest in? The Innovator U.S. Equity Buffer ETF is designed to mirror the total return of the SPDR S&P 500 ETF Trust (SPY), though its maximum gains are subject to a pre-established limit. It concurrently offers investors a protective cushion against the first 9% of losses incurred during its defined outcome period. This ETF supports long-term investment, as its characteristics, including both protection and growth potential, are recalibrated roughly once a year at the close of each period. ### What is the expense ratio of BJUN? Innovator U.S. Equity Buffer ETF (BJUN) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BJUN? Innovator U.S. Equity Buffer ETF (BJUN) manages $243.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BJUN actively managed or an index fund? BJUN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was BJUN launched? Innovator U.S. Equity Buffer ETF (BJUN) launched in June 2019 and is managed by Innovator. ### How has BJUN performed? BJUN's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does BJUN pay a dividend? Innovator U.S. Equity Buffer ETF (BJUN) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BJUN pay dividends? Innovator U.S. Equity Buffer ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BJUN's dividend yield? BJUN's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is BJUN's next ex-dividend date? BJUN hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will BJUN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BJUN charge its expense ratio? The expense ratio is deducted in tiny daily slices from BJUN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BJUN cost more than a fund like VOO? BJUN's strategy (current expense ratio 0.79%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BJUN sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BJUN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BJUN (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bjun - Distribution history: https://www.dividenddata.com/funds/bjun/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bjun/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bjun/expenses - Peer comparison: https://www.dividenddata.com/funds/bjun/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.