LJULInnovator Premium Income 15 Buffer ETF - July
Seeks to provide investors with high income through a 6.01% Defined Distribution Rate while providing a buffer against the first 15% of SPY losses.
By Innovator ETFs · Launched 2024
0.79%
#4,047 of 5,562 · expensive
$9M
#4,798 of 5,562 · small
+5.5%
1 year
#3,659 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 7 holdings = 100.5% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
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 6.01% Defined Distribution Rate while providing a buffer against the first 15% of SPY losses.
- Strategy
- Actively managed ETF investing in U.S. Treasury bills and FLEX Options referencing SPY. Seeks to provide a 6.01% Defined Distribution Rate over the Outcome Period, with Defined Distributions from U.S. Treasuries and FLEX Options premiums. Provides a 15% buffer against Underlying ETF losses during the Outcome Period, with shareholders bearing losses exceeding this threshold. The Buffer level remains constant from one Outcome Period to the next, and new Defined Distribution Rates are established based on market conditions.
- Inception date
- June 28, 2024
- 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