Innovator Equity Defined Protection ETF - 2 Yr to July 2026 (AJUL)

The Innovator Equity Defined Protection ETF - 2 Yr to July 2026 (AJUL) is a defined-outcome exchange-traded fund from Innovator Capital Management. It is linked to the price performance of the SPDR S&P 500 ETF Trust, which tracks the S&P 500 index of large U.S. companies.

Using a portfolio of options, the fund seeks to provide protection against 100% of the reference ETF's losses over a two-year outcome period ending in July 2026, while allowing participation in gains only up to a cap set at the start of the period. The protection and cap apply to investors who hold shares for the full outcome period, and those who buy or sell partway through may experience very different results. The fund does not participate in dividends paid by the stocks in the index.

Its shares are listed on Cboe BZX.