Innovator 20+ Year Treasury Bond 9 Buffer ETF (TBJL), managed by Innovator, is a equity ETF. 0.79% expense ratio, $23M AUM, 6 holdings, inception 2020.
Innovator 20+ Year Treasury Bond 9 Buffer ETF (TBJL) ETF — Price, Holdings & Analysis
Innovator 20+ Year Treasury Bond 9 Buffer ETF (TBJL), managed by Innovator, is a equity ETF. 0.79% expense ratio, $23M AUM, 6 holdings, inception 2020.
ETF Overview
The Innovator 20+ Year Treasury Bond 9 Buffer ETF seeks to provide the upside performance of the price return of the iShares 20+ Year Treasury Bond ETF (TLT), to a cap, and a buffer against the first 9% of losses over the outcome period.
The Innovator 20+ Year Treasury Bond 9 Buffer ETF seeks to provide the upside performance of the price return of the iShares 20+ Year Treasury Bond ETF (TLT), to a cap, and a buffer against the first 9% of losses over the outcome period. Innovator 20+ Year Treasury Bond 9 Buffer ETF provides exposure to the equity market. The portfolio is concentrated with 6 holdings.
Risk Metrics
Innovator 20+ Year Treasury Bond 9 Buffer ETF holds only 6 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. Heavy allocation to Cash & Others (100.0%) means sector-specific downturns could disproportionately affect performance. A beta of 0.53 indicates lower volatility relative to the broader market. The 0.79% expense ratio is above average and will reduce net returns over time. With $23M in assets, the fund may face liquidity constraints and wider bid-ask spreads.
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Risk Metrics
Beta: 0.53
Questions & Answers
What is Innovator 20+ Year Treasury Bond 9 Buffer ETF (TBJL)?
The Innovator 20+ Year Treasury Bond 9 Buffer ETF seeks to provide the upside performance of the price return of the iShares 20+ Year Treasury Bond ETF (TLT), to a cap, and a buffer against the first 9% of losses over the outcome period. It holds 6 securities. With $23M in assets under management, it is a funds in its category.
What is the expense ratio for TBJL?
Innovator 20+ Year Treasury Bond 9 Buffer ETF has an expense ratio of 0.79%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $79. Lower expense ratios generally lead to better long-term returns, all else being equal.
How long has TBJL been around?
Innovator 20+ Year Treasury Bond 9 Buffer ETF was launched in 2020, making it 6 years old. It has several years of operating history for investors to evaluate. It is managed by Innovator.
What is the current NAV of TBJL?
Innovator 20+ Year Treasury Bond 9 Buffer ETF has a net asset value (NAV) of approximately $19.89 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.
Is TBJL a good investment?
Innovator 20+ Year Treasury Bond 9 Buffer ETF is a equity ETF with $23M in assets and 6 holdings. Equity ETFs are subject to market risk and can experience significant short-term volatility, though they have historically provided strong long-term returns for patient investors. Whether it is suitable depends on your investment goals, risk tolerance, and time horizon. Consider consulting a financial advisor for personalized guidance.