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Innovator Equity Defined Protection ETF - 1 Yr July
ZJUL (Innovator Equity Defined Protection ETF - 1 Yr July) is an active Commodities ETF by Innovator. With a 0.79% MER, it provides diversified exposure.
ZJUL is actively managed by Innovator's investment team, which selects holdings with the goal of outperforming a benchmark index.
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).