Innovator 20+ Year Treasury Bond 5 Floor ETF - July

Price: $19.97
Change: $0.15 (-0.01%)
Category: Total Bond Market
Last Updated:


Issuer Innovator
Brand Innovator
Structure ETF
Expense Ratio 0.79%
ETF Home Page Home page
Inception Aug 18, 2020
Index Tracked ACTIVE - No Index

Analyst Report


Download the FactSet Analyst Insight Report here.

ETF Database Themes

Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Total Bond Market
Bond Duration Long-Term

FactSet Classifications

Segment Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term
Category Government, Treasury
Focus Investment Grade
Niche Long-Term
Strategy Buy-write
Weighting Scheme Fixed

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $18.62
  • 52 Week Hi $21.47
  • AUM $89.1 M
  • Shares 4.4 M

Historical Trading Data

  • 1 Month Avg. Volume 42,515
  • 3 Month Avg. Volume 35,630


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 Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

Alternative ETFs in the ETF Database Total Bond Market Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKAG 0.00% $1.8 B 171,811 0.64%
Largest (AUM) AGG 0.03% $110.6 B 7 M 0.60%
Most Liquid (Volume) AGG 0.03% $110.6 B 7 M 0.60%
Top YTD Performer PCEF 3.08% $774.6 M 129,395 12.22%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPTL 0.03% $10.3 B 4 M -3.32%
Largest (AUM) TLT 0.15% $56.9 B 36 M -4.22%
Most Liquid (Volume) TLT 0.15% $56.9 B 36 M -4.22%
Top YTD Performer TLTW 0.35% $937.4 M 379,752 -0.33%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

TFJL ETF Database Category Average FactSet Segment Average
Number of Holdings 2 1399 31
% of Assets in Top 10 100.00% 37.18% 68.48%
% of Assets in Top 15 100.00% 41.54% 76.22%
% of Assets in Top 50 100.00% 58.57% 95.73%

Size Comparison

TFJL ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

TFJL Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

TFJL Dividend

This section compares the dividend yield of this ETF to its peers.

TFJL ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.18 $ 0.20
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 1.93 $ 1.78
Annual Dividend Yield N/A 4.56% 3.62%

TFJL Price and Volume Charts

View charts featuring TFJL price and volume data.

TFJL Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 499.36 K 1 Month Net Flows: 14.75 M 3 Month Net Flows: 37.41 M 6 Month Net Flows: 75.09 M 1 Year Net Flows: 70.75 M 3 Year Net Flows: 78.35 M 5 Year Net Flows: 91.1 M 10 Year Net Flows: 91.1 M

TFJL Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 1.47 M
1 Month Net AUM Change: 15.17 M
3 Month Net AUM Change: 38.61 M
6 Month Net AUM Change: 75.47 M
1 Year Net AUM Change: 71.06 M
3 Year Net AUM Change: 77.46 M
5 Year Net AUM Change: 86.63 M
10 Year Net AUM Change: 86.63 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for TFJL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- AGG
Expenses C BKAG

A+ Overall Rated ETF:

TFJL Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

TFJL does not have an ESG score. There are no ESG themes that map to this ETF.

TFJL Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

TFJL ETF Database
Category Average
Factset Segment
1 Month Return -2.20% 0.62% -1.43%
3 Month Return 0.49% 2.79% 3.28%
YTD Return -6.74% 1.95% -3.57%
1 Year Return -0.47% 5.59% -4.01%
3 Year Return -5.07% -0.77% -6.04%
5 Year Return N/A 0.60% -1.51%

Geographic Exposure

The following charts reflect the geographic spread of TFJL's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of TFJL's underlying holdings.

Asset Percentage
Other 100.0%
CASH 0.0%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Other 100.0%
CASH 0.0%

TFJL Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 38.56%
20 Day Volatility 12.35%
50 Day Volatility 10.70%
200 Day Volatility 9.26%
Beta 0.2
Standard Deviation 0.67%
5 Day Volatility
46 of 124

20 Day Volatility
1 of 124

50 Day Volatility
3 of 124

200 Day Volatility
4 of 124

49 of 122

Standard Deviation
86 of 124


  • 20 Day MA $20.05
  • 60 Day MA $19.85
  • MACD 15 Period n/a
  • MACD 100 Period -0.08
  • Williams % Range 10 Day 29.25
  • Williams % Range 20 Day 51.02
  • RSI 10 Day 49
  • RSI 20 Day 50
  • RSI 30 Day 50
  • Ultimate Oscillator 56

Bollinger Bands

  • Lower Bollinger (10 Day) $19.53
  • Upper Bollinger (10 Day) $20.22
  • Lower Bollinger (20 Day) $19.58
  • Upper Bollinger (20 Day) $20.52
  • Lower Bollinger (30 Day) $19.56
  • Upper Bollinger (30 Day) $20.46

Support & Resistance

  • Support Level 1 $19.92
  • Support Level 2 $19.87
  • Resistance Level 1 $20.01
  • Resistance Level 2 $20.05


  • Stochastic Oscillator %D (1 Day) 69.56
  • Stochastic Oscillator %D (5 Day) 69.42
  • Stochastic Oscillator %K (1 Day) 68.40
  • Stochastic Oscillator %K (5 Day) 69.67


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.01
  • Maximum Premium Discount (%) 1.11
  • Average Spread (%) 7.43
  • Average Spread ($) 7.43

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the TFJL ETF home page for more information.

Data Lineage

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