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Beacon

JULJInnovator Premium Income 30 Barrier ETF - July

Grow my money2y track recordRanked #2,610 of 2,960 in this goal

Seeks to provide investors with high income through a Defined Distribution Rate of 6.08% and protection against losses up to a 30% Barrier of the U.S. Equity Index.

By Innovator ETFs · Launched 2023

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$16M

#4,509 of 5,562 · small

Return (1Y)Goal

+5.5%

Track Record

2 years

#3,067 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,550+5.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

S&P 500 Price Return Index

What it actually holds

By weight

Concentration

Top 6 holdings = 100.1% of fundconcentrated

TREASURY BILL
99.4%
N/A
7.8%
TREASURY BILL
1.3%
US BANK MMDA - USBGFS 9
0.0%
N/A
-0.0%
N/A
-8.4%

Asset allocation

Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
1.5%Low

Year-on-year price swings

Max drawdown
-3.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with high income through a Defined Distribution Rate of 6.08% and protection against losses up to a 30% Barrier of the U.S. Equity Index.
Strategy
Actively managed ETF investing in U.S. Treasury bills and FLEX Options referencing the S&P 500 Price Return Index. Seeks to provide a Defined Distribution Rate of 6.08% over the Outcome Period, with income from U.S. Treasuries and FLEX Options premiums. Establishes a 30% Barrier against losses from the U.S. Equity Index, where losses are not experienced if the index decreases by 30% or less during the Outcome Period.
Inception date
June 30, 2023
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_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 2026-06-20