What is the expense ratio of ZJAN?

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

Innovator Equity Defined Protec (ZJAN) manages $106.2M 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 ZJAN actively managed or an index fund?

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

When was ZJAN launched?

Innovator Equity Defined Protec (ZJAN) launched in January 2025 and is managed by Innovator.

How has ZJAN performed?

ZJAN'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.

ZJAN

Innovator Equity Defined Protec

CBOE·Asset Management · Financial Services

$28.49$0.03−0.12%

After hours·$28.49+0.00%

Market closed·Oct 22 3:59 PM EDT

Price Chart

$28.49−$0.03 (−0.12%)today

+11.20%CAGR +6.06%

Select date range

FromTo

Jan 2, 2025Jan 2, 2025 → Oct 23, 2026· 1.8 yrsOct 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

DiversificationDiversification Tab

Holdings4

Top 10 Weight100.1%

Top 25 Weight100.1%

Effective Holdings1

Sectors11

Largest HoldingS000088152-0 · 102.5%

Largest SectorTechnology · 38.6%

Asset ClassEquity

StrategyPassive Index

Cost & RiskExpenses Tab

Expense Ratio0.79%

Cost per 10k Invested$79.00

AUM$106.17M

Avg Daily Volume12.59K

Price$28.49

NAV$28.50

Premium / Discount−0.04%

52-Week Range$26.93 – $28.56

Beta0.18

Fund Overview

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the State Street® SPDR® S&P 500® ETF Trust. The fund is non-diversified.

Cost Verdict

Is ZJAN's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: Innovator
Asset Class: Equity
Strategy: Passive Index
Inception: January 2, 2025
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US45784N8175
CUSIP: 45784N817
Website: www.innovatoretfs.com/etf/?ticker=ZJAN

Latest News

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Frequently Asked Questions About ZJAN

What does ZJAN invest in?: The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the State Street® SPDR® S&P 500® ETF Trust. The fund is non-diversified.
What is the expense ratio of ZJAN?: Innovator Equity Defined Protec (ZJAN) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
How big is ZJAN?: Innovator Equity Defined Protec (ZJAN) manages $106.2M 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 ZJAN actively managed or an index fund?: ZJAN 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 (ZJAN's is 0.79%) because there's no security selection cost.
When was ZJAN launched?: Innovator Equity Defined Protec (ZJAN) launched in January 2025 and is managed by Innovator.
How has ZJAN performed?: ZJAN'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.