Key stats
About Innovator 20+ Year Treasury Bond 9 Buffer ETF - July
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Inception date
Aug 18, 2020
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US45782C2355
TBJL is one of the first fixed income fund that follows a defined outcome structure. The fund uses FLEX options in an effort to moderate losses on TLT over a one-year period starting each July. In exchange for preventing realization of the first 9% of the TLTs losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually and uses FLEX options exclusively.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.84%
Cash0.16%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TBJL assets under management is 28.82 M USD. It's risen 1.71% over the last month.
TBJL fund flows account for 15.68 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, TBJL doesn't pay dividends to its holders.
TBJL shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Aug 18, 2020, and its management style is Active.
TBJL expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
TBJL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TBJL invests in cash.
TBJL price has fallen by −0.96% over the last month, and its yearly performance shows a −6.09% decrease. See more dynamics on TBJL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.71% over the last month, showed a −0.98% decrease in three-month performance and has decreased by −4.93% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.71% over the last month, showed a −0.98% decrease in three-month performance and has decreased by −4.93% in a year.
TBJL trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.