ETF Education Report: Innovator International Developed Power Buffer ETF July (IJUL)

What this ETF is trying to do

The IJUL ETF is an exchange-traded fund listed on the NYSE. While the specific investment strategy is not detailed in the provided data, ETFs like this are generally designed to provide exposure to certain market sectors or use specific strategies to manage risk.

What the numbers show

The current price of one share of IJUL is $36.90. Looking back at history, we can look at an estimated price from roughly one year ago, which was approximately $32.01.

When looking at how the share price has moved, we see different types of returns:

• One-Year Price Return: The share price increased by approximately 15.26% over the last year.

• YTD (Year-to-Date) Price Return: Since the start of this year, the share price has increased by approximately 10.11%.

• Three-Year Price Return: Over the last three years, the share price has increased by approximately 41.04%.

In this specific case, the total return data supplied matches the price return data exactly. This means the total return figures (which include both price changes and distributions) are also 15.26% for one year, 10.11% for YTD, and 41.04% for three years.

Income and distribution explanation

Some investors look for ETFs that pay out regular cash, known as distributions. For IJUL, the distribution yield is 0%. The data shows no distributions were detected over the last 12 months. Because there are no distributions, the total return is driven entirely by the change in the share price.

NAV erosion explanation

"NAV" stands for Net Asset Value, which is the actual value of the assets held by the fund. "NAV erosion" happens when a fund's value is consistently lost over time.

For this ETF, the erosion-risk score is 100, and the label indicates "No price erosion detected." The erosion severity is described as "good," and there is no severe erosion-risk flag present. This means the data does not show signs of the price deteriorating in a way that suggests significant erosion risk.

Pros

• The ETF has shown positive price returns over one year, year-to-date, and three-year periods.

• The erosion-risk measurements suggest the fund is not currently showing signs of price deterioration.

Cons

• There are no distributions or dividend payments detected in the provided data.

• No information was supplied regarding the specific companies held within the portfolio (Top Holdings).

Beginner takeaway

IJUL has experienced growth in its share price over the last year and the last three years. It is important to remember that price return only tracks the change in the cost of a share, while total return includes any cash paid out to investors. In this case, because there were no distributions, both numbers are the same. Always monitor erosion-risk scores to understand how a fund's price is behaving over time.