Innovator Premium Income 30 Barrier ETF

Frequently Asked Questions About OCTJ

What does OCTJ invest in?

For investors to potentially achieve the Fund's targeted outcomes, it is essential to maintain continuous ownership of shares from the initial day of the Outcome Period through its conclusion, a duration typically spanning around one year. Nonetheless, there is no certainty that the anticipated outcomes for any specific Outcome Period will be achieved, nor is the Fund guaranteed to fulfill its primary investment objective.

What is the expense ratio of OCTJ?

Innovator Premium Income 30 Barrier ETF (OCTJ) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is OCTJ's distribution yield?

OCTJ's trailing-twelve-month yield is 5.30%, calculated from the sum of distributions over the past year divided by the current price.

How does OCTJ's covered-call strategy work?

OCTJ 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 OCTJ?

Innovator Premium Income 30 Barrier ETF (OCTJ) manages $15.0M 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 OCTJ actively managed or an index fund?

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