Innovator Equity Defined Protection ETF - 1 Yr July

Frequently Asked Questions About ZJUL

What does ZJUL invest in?

ZJUL invests all its assets in FLEX options. The option positions are structured in a way that aims to provide long exposure to US large-cap stocks, up to a cap, while fully hedging downside risk over one year. The upside cap and hedge are reset yearly, at the beginning of July. Shareholders should note that they will not receive dividends since the objective focuses on potential growth. The specific defined outcome pursued may only be possible if an investor would hold the shares for the entire outcome period. However, there is no guarantee that the defined outcome strategy pursued will be realized by investors. When factoring risks, potential rewards, and the all-in costs for such a strategy, ZJUL is considered an alternative to more expensive fixed indexed annuities, market-linked CDs, holding near-term Treasury, or cash.

What is the expense ratio of ZJUL?

Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ZJUL?

Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) manages $193.6M 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 ZJUL actively managed or an index fund?

ZJUL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was ZJUL launched?

Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) launched in July 2024 and is managed by Innovator.

How has ZJUL performed?

ZJUL'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.