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TBJL
+0.05 · +0.25%
$20.01 · BATS

Innovator 20+ Year Treasury Bond Buffer ETF ? July (TBJL) ETF Analysis | Defined Outcome

Innovator ETFs · USA
AUM:$23.5M
#– of – in Defined Outcome ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

TBJL returned +0.5% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.79% — above average for this category.

What is TBJL?

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the iShares 20+ Year Treasury Bond ETF. The fund will invest substantially all of its assets in FLexible EXchange® Options ("FLEX Options") on the Underlying ETF.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
TBJL returned 0.5% over the past year.
Higher Cost Profile
Expense ratio of 0.79% is above average. Verify whether the strategy justifies the cost.
Concentrated Holdings
Top 10 holdings account for 103.7% of the ETF — significant weight in a small number of names.
ETF Information
AUM$23.5M
Expense Ratio0.79%
Dividend Yield0.00%
Holdings5
Inception DateAug 2020
Domicile–
Distribution–
Index–
ProviderInnovator ETFs
Beta0.56
CategoryDefined Outcome
CurrencyUSD
Portfolio Impact

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6168
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-6.6%
1Y
-3.1%
3Y
-2.8%
5Y
-21.3%
OpenBook InsightIf you had invested £10,000 in TBJL 5 years ago, it would have fallen to £7,868 — a loss of £2,132.

Annual Returns

Calendar year performance

TBJL delivered positive returns in 2 of the last 5 calendar years.
YearTBJL
2026 YTD-4.3%
2025+1.4%
2024-2.7%
2023+2.7%
2022-19.9%
CAGR 4yr-5.1%
2/5 positive yearsAvg return: -4.6%Worst year: -19.9% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
7.2%
Low
Momentum
-0.7%
30-day change
Support Level
18.83
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.
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