Innovator Triple Stacker ETF - January

Frequently Asked Questions About TSJA

What does TSJA invest in?

The fund will invest substantially all of its assets in a portfolio of FLexible EXchange® Options (FLEX Options) that reference the SPDR® S&P 500® ETF Trust, Invesco QQQ TrustSM, Series 1 and the iShares Russell 2000 ETF. FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. It is non-diversified.

What is the expense ratio of TSJA?

Innovator Triple Stacker ETF - January (TSJA) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TSJA?

Innovator Triple Stacker ETF - January (TSJA) manages $3.6M 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 TSJA actively managed or an index fund?

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

When was TSJA launched?

Innovator Triple Stacker ETF - January (TSJA) launched in January 2021 and is managed by Innovator.

How has TSJA performed?

TSJA'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.