Innovator 20+ Year Treasury Bond 5 Floor ETF

Frequently Asked Questions About TFJL

What does TFJL invest in?

The Innovator 20+ Year Treasury Bond 5 Floor ETF (TFJL) is structured to provide investors with exposure to the positive market performance of the iShares 20+ Year Treasury Bond ETF (TLT). During its specific outcome period, this ETF aims to capture TLT's appreciation, though these gains are subject to an upper limit. Simultaneously, it is designed to protect against significant downside, capping potential losses at no more than 5%.

What is the expense ratio of TFJL?

Innovator 20+ Year Treasury Bond 5 Floor ETF (TFJL) 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 TFJL?

Effective duration measures TFJL's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TFJL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TFJL?

TFJL'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 TFJL?

Yield to maturity (YTM) is the total return you'd earn from TFJL if every bond in the portfolio is held to maturity at the current price. TFJL'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 TFJL?

Innovator 20+ Year Treasury Bond 5 Floor ETF (TFJL) manages $11.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.