Innovator Equity Defined Protection ETF

Frequently Asked Questions About JAJL

What does JAJL invest in?

The Innovator Equity Defined Protection ETF (JAJL) is structured to replicate the performance of the SPDR S&P 500 ETF Trust (SPY). This offering includes an upper limit on potential gains but, conversely, provides a complete 100% safeguard against any declines over a specific six-month investment cycle. These stated objectives are achieved before accounting for any associated fees or expenses.

What is the expense ratio of JAJL?

Innovator Equity Defined Protection ETF (JAJL) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is JAJL?

Innovator Equity Defined Protection ETF (JAJL) manages $260.0M 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 JAJL actively managed or an index fund?

JAJL is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (JAJL's is 0.79%) because there's no security selection cost.

When was JAJL launched?

Innovator Equity Defined Protection ETF (JAJL) launched in July 2024 and is managed by Innovator.

How has JAJL performed?

JAJL'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.