LJUL was created on 2024-07-01 by Innovator. The fund's investment portfolio concentrates primarily on income alternatives. LJUL seeks to provide a consistent income stream and a limited protective buffer against the first 15% of losses stemming from the decline in the S&P 500 Index. The exposure resets each year in July. The actively managed fund holds a package of S&P 500 FLEX options and US Treasurys.