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Beacon

JULJInnovator Premium Income 30 Barrier ETF - July

Grow my money3y track recordRanked #2,639 of 2,998 in this goal

Seeks to provide a high level of income with a Defined Distribution Rate of 6.08% while protecting against losses up to a 30% Barrier.

By Innovator ETFs · Launched 2023

Annual Cost

0.79%

#4,215 of 5,861 · expensive

Fund Size

$14M

#4,724 of 5,861 · small

Return (1Y)Goal

+5.4%

Track Record

3 years

#2,990 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,541+5.4%

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

What's inside

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 5 holdings = 100.1% of fundconcentrated

TREASURY BILL
100.2%
N/A
1.1%
US BANK MMDA - USBGFS 9
0.0%
N/A
-0.0%
N/A
-1.2%

Asset allocation

Bonds
101.4%
Cash
1.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
1.7%Low

Year-on-year price swings

Max drawdown
-3.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.69Decent risk-adjusted returns
Sortino (3Y)
1.08Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide a high level of income with a Defined Distribution Rate of 6.08% while protecting against losses up to a 30% Barrier.
Strategy
Invests primarily in U.S. Treasuries and uses put FLEX Options to provide a Defined Distribution Rate of 6.08%. The Fund is designed to protect against losses from the U.S. Equity Index up to a 30% Barrier, with initial losses starting at that level.
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

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

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

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 2026-08-04