# Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/zaug 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: 2024-08-01 The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in FLexible EXchange® Options (“FLEX Options”) that reference the SPDR® S&P 500® ETF Trust (the “Underlying ETF”). The fund is non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $27.93 | | Expense Ratio | 0.79% | | Assets Under Management | $163.1M | | NAV | $28.00 | | Holdings Count | 7 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $25.81 – $28.08 | | Beta | 0.23 | ## Frequently Asked Questions ### What does ZAUG invest in? The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in FLexible EXchange® Options (“FLEX Options”) that reference the SPDR® S&P 500® ETF Trust (the “Underlying ETF”). The fund is non-diversified. ### What is the expense ratio of ZAUG? Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is ZAUG? Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) manages $163.1M 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 ZAUG actively managed or an index fund? ZAUG 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 (ZAUG's is 0.79%) because there's no security selection cost. ### When was ZAUG launched? Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) launched in August 2024 and is managed by Innovator. ### How has ZAUG performed? ZAUG'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 ZAUG pay a dividend? Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) 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 ZAUG pay dividends? Innovator Equity Defined Protection ETF - 1 Yr August 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 ZAUG's dividend yield? ZAUG's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is ZAUG's next ex-dividend date? ZAUG 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 ZAUG'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 ZAUG charge its expense ratio? The expense ratio is deducted in tiny daily slices from ZAUG'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 ZAUG cost more than a fund like VOO? ZAUG 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 ZAUG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as ZAUG (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/zaug - Distribution history: https://www.dividenddata.com/funds/zaug/dividend - Holdings & diversification: https://www.dividenddata.com/funds/zaug/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/zaug/expenses - Peer comparison: https://www.dividenddata.com/funds/zaug/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.