IJULInnovator International Developed Power Buffer ETF - July
Seeks to provide returns that match the Underlying ETF's return, up to a cap of 13.60%, while providing a buffer against the first 15% of losses.
By Innovator ETFs · Launched 2019
0.85%
#4,336 of 5,562 · expensive
$195M
#2,326 of 5,562 · mid-size
+15.5%
6 years
#1,930 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 5 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide returns that match the Underlying ETF's return, up to a cap of 13.60%, while providing a buffer against the first 15% of losses.
- Strategy
- Invests primarily in FLEX Options referencing the Underlying ETF and may invest directly in the Underlying ETF. The Fund aims to replicate the Underlying ETF's performance over the Outcome Period, providing a buffer against the first 15% of losses and capping returns at 13.60%. The Underlying ETF seeks to track the MSCI EAFE Index, which measures large- and mid-cap equity performance in developed markets outside the U.S. and Canada.
- Inception date
- June 28, 2019
- Fund family
- Innovator ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19