JULD — Innovator Premium Income 10 Barrier ETF - July

JULD Fund Overview

JULD — Innovator Premium Income 10 Barrier ETF - July is a US ETF managed by Innovator ETFs Trust, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Innovator ETFs Trust
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $5.57M
• 1-year return: 6.6%
• Ticker: JULD
• SEC CIK: 0001415726
• SEC series ID: S000080755
• Share class ID: C000243288

JULD Investment Objective and Strategy

Innovator Premium Income 10 Barrier ETF - July describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Innovator ETFs Trust.

Investment objective

The Fund seeks to provide investors, over the period from July 1, 2024 to June 30, 2025, with an investment that provides a high level of income through a Defined Distribution Rate of 8.41% (prior to taking into account management fees and other fees) and that is not subject to any losses experienced by the U.S. Equity Index that are at or below a 10% Barrier and is subject to initial losses experienced by the U.S. Equity Index beginning at the 10% Barrier and to the full extent of U.S. Equity Index losses on a one -to-one basis beginning at 11%.

Principal investment strategy

General Strategy Description. The Fund is an actively managed exchange -traded fund ( ETF ) that invests in U.S. Treasury bills (the U.S. Treasuries ) and FLexible EXchange Options ( FLEX Options ) that use as a reference asset a broad -based U.S. equity index, specifically the S&P 500 Price Return Index (the U.S. Equity Index ). Due to the unique mechanics of the Funds strategy, the return an investor can expect to receive from an investment in the Fund has characteristics that are distinct from many other investment vehicles. It is important that an investor understand the characteristics of the Fund before making an investment in the Fund. As described further below, the Fund differs from other funds that utilize a defined outcome investment strategy. The Fund does not provide a buffer against all U.S.

Equity Index losses or a floor that provides a maximum amount of U.S. Equity Index losses. As a result, an investor can lose its entire investment prior to consideration of any Defined Distribution payments. As further described below, the Funds principal investment strategy seeks to provide the following investment profile over an approximately one -year period from July 1 to June 30 of the following year (the Outcome Period ): Defined Distributions: The Fund seeks to provide shareholders who hold shares of the Fund ( Shares ) for an Outcome Period a high level of income through distribution payments (the Defined Distributions ) that represent a U.S. dollar amount per Share payable by the Fund over an Outcome Period. Defined Distributions are comprised of: (i) the income generated by the Funds investments in U.S.

Treasuries with maturity dates on or about each Distribution Date (as defined below), the majority with maturities on or about the final Distribution Date at the conclusion of the Outcome Period, and (ii) the premiums generated from the Funds FLEX Options positions that expire at the end of each Outcome Period. The Fund will establish an annualized payment rate (the Defined Distribution Rate ) based upon the Funds net asset value ( NAV ) at the commencement of the Outcome Period, which is the percentage of Defined Distributions per Share over the Outcome Period. For the current Outcome Period, the Defined Distribution Rate is 8.41%, prior to taking into account any fees or expenses charged to shareholders. The Defined Distribution Rate is based on market conditions at the onset of the Outcome Period and is likely to rise or fall from one Outcome Period to the next.

Shareholders of record on the last business day of each March, June, September and December will be paid Defined Distributions on the first business day of the following respective month (each, a Distribution Date ). See Principal Investment Strategies Fund Portfolio and Principal investment Strategies The Defined Distribution Rate for additional information. Barrier: The Fund seeks to provide an investment barrier an investment strategy whereby a payoff depends upon whether an underlying asset or index has breached a predetermined performance level. For each Outcome Period, the Fund will establish a barrier against losses for shareholders that is based upon the performance of the U.S. Equity Index over the duration of each Outcome Period, whereby shareholders are not expected to experience losses over the course of an Outcome Period if the market value of the U.S.

Equity Index decreases by 10% or less, calculated from the commencement of the Outcome Period to the final day of the Outcome Period (the Barrier ). If at the conclusion of the Outcome Period, the U.S. Equity Index has breached the Barrier, the Fund will experience one of two loss profiles: If at the conclusion of the Outcome Period the market value of the U.S. Equity Index has decreased in comparison to the market value of the U.S. Equity Index at the beginning of the Outcome Period in an amount that is greater than the Barrier (10%) but less than or equal to 11%, the Fund will be subject to U.S. Equity Index losses on an accelerated basis from 0% to 11%, which will correspond to the U.S. Equity Index losses from 10% to 11% (the Initial Breach Losses ). See Principal Investment Strategies The Barrier Initial Breach Losses.

If at the conclusion of the Outcome Period the market value of the U.S. Equity Index decreases in comparison to the market value of the U.S. Equity Index at the beginning of the Outcome Period in an amount that is greater than 11%, the Fund will be subject to the full extent of U.S. Equity Index losses on a one -to-one basis (the Full Breach Losses ). See Principal Investment Strategies The Barrier Full Breach Losses. At the conclusion of each Outcome Period, the Fund will establish a new Barrier ( i.e. , beginning at 10% of U.S. Equity Index losses) for the next Outcome Period. The Barrier level beginning at 10% of losses of the U.S. Equity Index and the level at which Full Breach Losses commence (11%) will each remain constant from one Outcome Period to the next. There is no guarantee that the Fund will be successful in its attempt to implement the Barrier.

See Principal Investment Strategies Fund Portfolio and Principal investment Strategies The Barrier for additional information. Outcomes: The pre -determined outcomes sought by the Fund, which include the Defined Distributions and the Barrier (the Outcomes ) are designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, less the Initial Breach Losses or Full Breach Losses, as applicable, if the U.S. Equity Index losses exceed the Barrier at the end of the Outcome Period. If at the end of the Outcome Period the U.S. Equity Index has experienced (in comparison to the market value of the U.S. Equity Index at the beginning of the Outcome Period) a positive price return, or price return losses that are less than the Barrier, the Fund is designed to provide investors who hold shares for the entirety of the Outcome Period returns that equal the original NAV at the commencement of the Outcome Period plus the Defined Distribution Rate.

Conversely, if the U.S. Equity Index has experienced losses at the end of the Outcome Period that exceed the Barrier (in comparison to the market value of the U.S. Equity Index at the beginning of the Outcome Period), the Fund is designed to provide investors who hold shares for the entirety of the Outcome Period with a NAV that decreases in value equal to the Initial Breach Losses or Full Breach Losses, as applicable, plus the Defined Distribution Rate. The Fund will not receive any of the upside returns of the U.S. Equity Index over the Outcome Period. See Principal Investment Strategies Fund Portfolio and Principal investment Strategies The Outcome Period for additional information. The Fund and the sought -after Outcomes are designed for shareholders who invest and hold Shares from the commencement of the Outcome Period through the end of the Outcome Period.

The effect of the Barrier on the sought -after Outcomes is measured only at the end of the Outcome Period, regardless of whether the level of the U.S. Equity Index has produced losses that exceed the Barrier at any point during the Outcome Period. However, if an investor purchases Shares after the commencement of the Outcome Period, the U.S. Equity Index is likely to have changed in value and will affect the amount of losses the U.S. Equity Index may incur before the Barrier is breached. If an investor purchases Shares after the Outcome Period has begun or sells Shares prior to the conclusion of the Outcome Period, the Outcomes experienced by the investor will differ from the Funds sought -after Outcomes. See Principal Investment Strategies Intra -Outcome Period. The Fund seeks a high level of income that exceeds an investment in U.S.

Treasuries with premiums generated from the Funds FLEX Options positions. As further described below, the Fund will purchase U.S. Treasuries and enter into a series of FLEX Option contracts that provides additional income to the Fund by virtue of premiums received from sold FLEX Options. The Fund is designed to provide Defined Distributions based on a Defined Distribution Rate that is established at the commencement of each Outcome Period. The Defined Distribution Rate is based upon prevailing market conditions for both the U.S Treasuries and the FLEX Options on the first day of the Outcome Period and will be further reduced by the Funds annual management fees, any shareholder transaction fees and any extraordinary expenses incurred by the Fund. For the current Outcome Period, the Defined Distribution Rate is 8.41% prior to taking into account any fees or expenses charged to shareholders.

When the Funds annual Fund management fee of 0.79% of the Funds average daily net assets is taken into account, the Defined Distribution Rate is 7.62%. While the Defined Distribution Rate is expected to remain constant over the Outcome Period for shareholders who hold Shares continuously from the commencement of the Outcome Period until its conclusion, the Defined Distribution Rate is not guaranteed. The Defined Distribution Rate is based on the NAV per Share at the commencement of the Outcome Period and any shareholders that initially invest at a Share price that differs from this NAV will not experience the Defined Distribution Rate. Because the Defined Distribution Rate is based upon prevailing market conditions at the beginning of an Outcome Period, the Defined Distribution Rate will rise or fall from one Outcome Period to the next.

Fund shareholders also will be subject to losses experienced by the U.S. Equity Index if the U.S. Equity Index experiences losses from the commencement of the Outcome Period to its conclusion that exceed the Barrier. The Fund will seek to set the Barrier at 10% of U.S. Equity Index losses at the end of each Outcome Period. If at the end of the Outcome Period the U.S. Equity Index has experienced a positive price return, or price return losses that are less than the Barrier, the Fund will not experience any of the losses of the U.S. Equity Index and is designed to provide returns that equal the Defined Distribution Rate. However, if the U.S. Equity Index has decreased in value below the Barrier at the end of the Outcome Period, the Funds investments will generate Outcomes that equal the Defined Distribution Rate less the Initial Breach Losses or Full Breach Losses, as applicable.

The Fund will not benefit from any increases in the U.S. Equity Index over the course of an Outcome Period but is subject to the possibility of significant losses experienced by the U.S. Equity Index if the value of the U.S. Equity Index drops below the Barrier at the end of the Outcome Period. A shareholder could lose its entire investment. The Fund will not receive or benefit from any dividend payments made by the constituents of the U.S. Equity Index. The current Outcome Period is from July 1, 2024 through June 30, 2025. Upon the conclusion of the Outcome Period, the Fund will receive the value of its investments in the U.S. Treasuries upon the maturity of such U.S. Treasuries and deliver cash owed on its FLEX Options positions, if any. At the commencement of the new Outcome Period, the Fund will enter into new FLEX Options with an expiration date of approximately one year and invest in U.S Treasuries with maturity dates on or about each Distribution Date, the majority with maturities on or about the final Distribution Date at the conclusion of the Outcome Period.

The Outcomes may only be realized by shareholders who continuously hold Shares from the commencement of the Outcome Period until its conclusion. See Principal Investment Strategies Intra -Outcome Period and Principal Investment Strategies The Outcome Period for additional information. Fund Portfolio.

JULD Holdings

Top 3 holdings of Innovator Premium Income 10 Barrier ETF - July by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all JULD holdings

JULD Portfolio Allocation

Asset-class allocation of Innovator Premium Income 10 Barrier ETF - July by percentage of net assets, from the latest SEC N-PORT filing.

JULD Performance

Total returns for JULD (as of 2026-10-01), from SEC filings.

JULD Risk Information

Risk metrics for JULD, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 2.1%

JULD Costs and Fees

JULD costs about $79 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.79%
• Gross expense ratio: 0.79%
• Portfolio turnover: 0%
• Brokerage commissions: 3.03 bps of average net assets (SEC N-CEN)

JULD Cashflows

Over the 12 months to 2025-04, Innovator Premium Income 10 Barrier ETF - July had net inflows of $1.19M, from monthly SEC N-PORT filings.

JULD Debt Constituents

Largest debt holdings of Innovator Premium Income 10 Barrier ETF - July by percentage of net assets, from the latest SEC N-PORT filing.

JULD Prospectus and SEC Filings

Official Innovator Premium Income 10 Barrier ETF - July filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-02-28
• Prospectus (485BPOS) — filed 2023-07-03
• Prospectus supplement (497) — filed 2024-07-01
• Portfolio holdings (N-PORT) — filed 2025-06-24
• Portfolio holdings (N-PORT) — filed 2025-03-31
• Portfolio holdings (N-PORT) — filed 2024-12-27
• Annual census (N-CEN) — filed 2025-01-15
• Annual census (N-CEN) — filed 2024-01-12

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.