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QTJLInnovator Growth Accelerated Plus ETF - July

Grow my money4y track recordRanked #2,496 of 2,960 in this goal

Seeks to provide investors with returns that are three times those of the Underlying ETF, up to the upside cap of 18.99% over the period from July 1, 2025 through June 30, 2026.

By Innovator ETFs · Launched 2021

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$22M

#4,304 of 5,562 · small

Return (1Y)Goal

+19.7%

Track Record

4 years

#2,416 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,922+19.2%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 100.1% of fundconcentrated

N/A
100.9%
N/A
29.5%
US BANK MMDA - USBGFS 9
0.2%
N/A
-30.5%

Asset allocation

Stocks
58.4%
Cash
41.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.9%Low

Year-on-year price swings

Max drawdown
-33.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.89Decent risk-adjusted returns
Sortino (3Y)
1.35Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with returns that are three times those of the Underlying ETF, up to the upside cap of 18.99% over the period from July 1, 2025 through June 30, 2026.
Strategy
Invests primarily in the Invesco QQQ Trust to provide returns that are three times the increase in value of the Underlying ETF, subject to an 18.99% cap over the Outcome Period from July 1, 2025 to June 30, 2026.
Inception date
June 30, 2021
Fund family
Innovator ETFs

Our take

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

Buffer
Warning

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