Innovator Equity Defined Protection ETF

Frequently Asked Questions About TJUL

What does TJUL invest in?

The Innovator Equity Defined Protection ETF (TJUL) is designed to replicate the performance of the SPDR S&P 500 ETF Trust (SPY). This fund offers a unique structure: it provides complete protection against any market downturns, absorbing 100% of losses, but its potential gains are subject to a predefined maximum. These characteristics are valid over a specific two-year investment cycle, and are measured before any associated fees or expenses are factored in.

What is the expense ratio of TJUL?

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

How big is TJUL?

Innovator Equity Defined Protection ETF (TJUL) manages $128.8M 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 TJUL actively managed or an index fund?

TJUL 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 (TJUL's is 0.79%) because there's no security selection cost.

When was TJUL launched?

Innovator Equity Defined Protection ETF (TJUL) launched in July 2023 and is managed by Innovator.

How has TJUL performed?

TJUL'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.