# Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/zjun 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: Thematic · Inception: 2025-06-02 ZJUN 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 annually, at the beginning of June. 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 holds the shares for the entire outcome period. However, there is no guarantee that the defined outcome strategy pursued will be re... ## Key Facts | Metric | Value | |---|---| | Price | $27.75 | | Expense Ratio | 0.79% | | Assets Under Management | $154.2M | | NAV | $27.78 | | Holdings Count | 7 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $26.50 – $27.91 | | Beta | 0.11 | ## Frequently Asked Questions ### What does ZJUN invest in? ZJUN 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 annually, at the beginning of June. 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 holds 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, ZJUN 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 ZJUN? Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is ZJUN? Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN) manages $154.2M 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 ZJUN actively managed or an index fund? ZJUN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was ZJUN launched? Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN) launched in June 2025 and is managed by Innovator. ### How has ZJUN performed? ZJUN'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 ZJUN pay a dividend? Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN) 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 ZJUN pay dividends? Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr June 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 ZJUN's dividend yield? ZJUN's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is ZJUN's next ex-dividend date? ZJUN 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 ZJUN'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 ZJUN charge its expense ratio? The expense ratio is deducted in tiny daily slices from ZJUN'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 ZJUN cost more than a fund like VOO? ZJUN's strategy (current expense ratio 0.79%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where ZJUN sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to ZJUN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as ZJUN (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/zjun - Distribution history: https://www.dividenddata.com/funds/zjun/dividend - Holdings & diversification: https://www.dividenddata.com/funds/zjun/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/zjun/expenses - Peer comparison: https://www.dividenddata.com/funds/zjun/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.