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Innovator Nasdaq-100 Power Buffer ETF - July
NJUL (Innovator Nasdaq-100 Power Buffer ETF - July) is an index Commodities ETF by Innovator. With a 0.79% MER, it provides diversified exposure.
NJUL by Innovator is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.79% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).