# AJUL (Innovator Equity Defined Protection ETF - Jul 2028)

Innovator · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, AJUL sits between its buffer and its cap, with SPY up 2.4% since the period began.

## Key facts

- AJUL, can still gain: 17.5%, as of Sep 11, 2026.
- AJUL, fall before the buffer: 0.7%, as of Sep 11, 2026.
- AJUL, protection left, index points: 100.0%, as of Sep 11, 2026.
- AJUL, days to reset: 658, as of Sep 11, 2026.
- AJUL, net assets: $97m (issuer page, as of Sep 11, 2026).
- AJUL, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## AJUL over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +0.8% | +3.3% | −2.5 pts |
| 6 months | +4.1% | +16.0% | −12.0 pts |
| 1 year | +5.9% | +17.5% | −11.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 100% | ETFIQ |
| Outcome period | Jun 30, 2026 to Jun 30, 2028 | ETFIQ |
| Starting cap | +18.3% | ETFIQ |
| SPY return since period start | +2.4% | ETFIQ |
| Fund return since period start | +0.6% | ETFIQ |
| Net assets | $97m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 17.5% | issuer, fund price |
| Fall before buffer | 0.7% | issuer, fund price |
| Fall to the buffer in index terms | 2.3% | ETFIQ |
| Protection left in index points | 100.0% of 100.0% | ETFIQ |
| Days left in period | 658 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can AJUL still gain?

About 17.5% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +18.3%.

### How far can AJUL fall before the buffer helps?

0.7% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 2.3% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the AJUL buffer is left?

100.0% of the 100.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does AJUL reset?

The outcome period ends on Jun 30, 2028, 658 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does AJUL cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, AJUL, data as of Sep 11, 2026. https://etfiq.com/funds/ajul
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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