Innovator Premium Income 20 Barrier ETF - July

Frequently Asked Questions About JULH

What does JULH invest in?

Innovator ETFs Trust - Innovator Premium Income 20 Barrier ETF - July is an exchange traded fund launched and managed by Innovator Capital Management, LLC. The fund is co-managed by Milliman Financial Risk Management LLC. The fund invests in public equity and fixed income markets of the United States. For its equity portion, the fund invests through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as FLexible EXchange Options that reference the performance of the S&P 500 Price Return Index to create its portfolio. It invests in growth and value stocks of large-cap companies. For its fixed income portion, it primarily invests in U.S. treasury bills. Innovator ETFs Trust - Innovator Premium Income 20 Barrier ETF - July was formed on June 30, 2023 and is domiciled in the United States.

What is the expense ratio of JULH?

Innovator Premium Income 20 Barrier ETF - July (JULH) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is JULH's distribution yield?

JULH's trailing-twelve-month yield is 6.44%, calculated from the sum of distributions over the past year divided by the current price.

How does JULH's covered-call strategy work?

JULH sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is JULH?

Innovator Premium Income 20 Barrier ETF - July (JULH) manages $16.8M 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 JULH actively managed or an index fund?

JULH's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.