TBJL · Innovator 20+ Year Treasury Bond 9 Buffer ETF - Jul
TBJL can gain 58.2% more before its cap and can fall 0.0% before its buffer engages. It resets in 299 days.
Where it sits today
TLT has returned −4.9% since this period started on Jun 30, 2026, which puts TBJL inside its buffer. The buffer runs from +0.0% to −9.0% and the cap sits at +52.3%, both in TLT terms. Green is the buffered zone, amber is past the cap, red is loss below the floor.
Period by period
| Window | Total return | TLT | Gap to TLT |
|---|---|---|---|
| 3 months | −3.7% | −2.2% | −1.5 pts |
| 6 months | −5.3% | −4.9% | −0.5 pts |
| 1 year | −3.6% | −1.4% | −2.2 pts |
| 3 years | −1.6% | −0.2% | −1.4 pts |
In plain words
Protection left, in index points: 4.1% of the 9.0% buffer still sits below today's TLT level. 299 days remained on Sep 4, 2026. On Jun 30, 2027 the period ends and a new cap is set.
| Reference index | TLT |
|---|---|
| Buffer | |
| Outcome period | Jun 30, 2026 to Jun 30, 2027 |
| Starting cap | +52.3% |
| TLT return since period start | −4.9% |
| Fund return since period start | −3.9% |
| Band state today (ETFIQ) | Buffer working |
| Can still gain (issuer, fund price) | 58.2% |
| Fall before buffer (issuer, fund price) | 0.0% |
| Fall to the buffer in index terms (ETFIQ) | 0.0% |
| Protection left in index points (ETFIQ) | 4.1% of 9.0% |
| Days left in period | 299 |
| Expense ratio | 0.79% |
Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page. How this desk computes every figure
Questions people ask
- How much can TBJL still gain?
- About 58.2% from its price on Sep 4, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +52.3%.
- How far can TBJL fall before the buffer helps?
- 0.0% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms TLT can fall 0.0% from that level before the buffer begins. Losses until that point are the holder's.
- How much of the TBJL buffer is left?
- 4.1% of the 9.0% buffer sat below the TLT level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
- When does TBJL reset?
- The outcome period ends on Jun 30, 2027, 299 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.
- What does TBJL cost?
- The prospectus expense ratio is 0.79% a year.
The words on this page
- Buffer
- The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
- Cap
- The most the fund can return over the period, however far the index rises. It is the price paid for the buffer.
- Outcome period
- The window the buffer and cap apply over, usually a year. Both are set at the start and only hold if you are there for the whole of it.
- Reset
- The day one outcome period ends and the next begins, with a fresh buffer and a fresh cap struck at that day’s level.
- Protection left
- The part of the buffer still below today’s index level. A buffer bought mid-period is not the full buffer; this is what is left of it.
Every term this desk uses, defined in full on the buffer desk vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Funds near this one
Put this on your own page
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<a href="https://etfiq.com/funds/TBJL.html"><img src="https://etfiq.com/embed/buffer/TBJL.svg" alt="TBJL outcome band, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/TBJL.html">TBJL outcome band, updated daily by ETFIQ</a></p>Use this data, or open the live card
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Cite this page. ETFIQ, TBJL on the buffer desk, data as of Sep 4, 2026. https://etfiq.com/funds/TBJL.html Free to use with attribution; the underlying files are at Open data.