Innovator ETFs Trust Innovator Equity Defined Protection ETF - 2 Yr to July 2025(AMEX:TJUL)

TJUL invest all of 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 a two-year period. The upside cap and hedge are reset every other year, at the beginning of July. Shareholders should note they will not receive any dividends, the objective focuses on the potential growth. The specific defined outcome pursued may only be possible if an investor were to hold the shares for the entire outcome period. However, there is no guarantee the define outcome of the strategy pursued will be realized by investors. When factoring risks, potential reward, and the all in costs for such a strategy, TJUL is considered an alternative to more expensive fixed indexed annuities, market linked CDs, holding near-term Treasury, or cash. For comparative purposes, TJUL investors need to double the stated expense ratio of the fund.