- What does TBJL invest in?
- The Fund seeks to provide returns that match those of the iShares 20+ Year Treasury Bond ETF while providing a buffer against the first 9% of the ETF's losses, from July 1, 2025 to June 30, 2026. The Fund invests at least 80% of its net assets in FLexible EXchange Options that reference the Underlying ETF.
- What is the expense ratio of TBJL?
- Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- What is the duration of TBJL?
- Effective duration measures TBJL's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TBJL's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of TBJL?
- TBJL's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of TBJL?
- Yield to maturity (YTM) is the total return you'd earn from TBJL if every bond in the portfolio is held to maturity at the current price. TBJL's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
- How big is TBJL?
- Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) manages $8.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
