# Innovator Triple Stacker ETF - January (TSJA): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tsja for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Innovator · Asset class: Equity - Strategy: Passive Index · Inception: 2021-01-04 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. ## Key Facts | Metric | Value | |---|---| | Price | $29.06 | | Expense Ratio | 0.79% | | Assets Under Management | $3.6M | | NAV | $29.09 | | Holdings Count | 1 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $24.45 – $29.07 | | Beta | 0.87 | ## Frequently Asked Questions ### 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. ### Does TSJA pay a dividend? Innovator Triple Stacker ETF - January (TSJA) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TSJA pay dividends? Innovator Triple Stacker ETF - January pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TSJA's dividend yield? TSJA's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is TSJA's next ex-dividend date? TSJA hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will TSJA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TSJA charge its expense ratio? The expense ratio is deducted in tiny daily slices from TSJA's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TSJA cost more than a fund like VOO? TSJA is a passive index fund (current expense ratio 0.79%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to TSJA? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TSJA (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tsja - Distribution history: https://www.dividenddata.com/funds/tsja/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tsja/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tsja/expenses - Peer comparison: https://www.dividenddata.com/funds/tsja/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.