TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly
Absorbs losses from 5.0% to 100.0% on TLT and caps the gain at 50.0%, over a period ending Sep 30, 2026
As of Sep 11, 2026, TLT is down 6.4% and TFJL's protection has held the loss to 5.0%.
Key facts
335th of 380 buffer ETFs by net assets 42nd of 380 buffer ETFs by how soon they reset
Period by period
| Window | Total return | TLT | Gap to TLT |
|---|---|---|---|
| 3 months | −4.2% | −4.6% | +0.4 pts |
| 6 months | −5.6% | −4.4% | −1.3 pts |
| 1 year | −9.4% | −6.4% | −3.1 pts |
| 3 years | −3.9% | −2.6% | −1.3 pts |
In plain words
The fund's price can fall 0.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, TLT can fall 0.0% from today's level to the point where the buffer begins. Protection left, in index points: 93.6% of the 95.0% buffer still sits below today's TLT level. 19 days remained on Sep 11, 2026. On Sep 30, 2026 the period ends and a new cap is set.
| Reference index | TLT |
|---|---|
| Buffer | 5% to 100% |
| Outcome period | Jun 30, 2026 to Sep 30, 2026 |
| Starting cap | +50.0% |
| TLT return since period start | −6.4% |
| Fund return since period start | −5.0% |
| Net assets (issuer page, as of Sep 11, 2026) | $4m |
| Band state today (ETFIQ) | Buffer working |
| Can still gain (issuer, fund price) | 57.7% |
| Fall before buffer (issuer, fund price) | 0.2% |
| Fall to the buffer in index terms (ETFIQ) | 0.0% |
| Protection left in index points (ETFIQ) | 93.6% of 95.0% |
| Days left in period | 19 |
| Expense ratio (issuer page, Sep 11, 2026) | 0.79% |
Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page. How these figures are computed
Questions people ask
- How much can TFJL still gain?
- About 57.7% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +50.0%.
- How far can TFJL fall before the buffer helps?
- 0.2% in fund-price terms on Sep 11, 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 TFJL buffer is left?
- 93.6% of the 95.0% buffer sat below the TLT level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
- When does TFJL reset?
- The outcome period ends on Sep 30, 2026, 19 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.
- What does TFJL 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 used here, defined in full on the buffer ETFs 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.
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Cite this page. ETFIQ, TFJL, buffer ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/tfjl Free to use with attribution; the underlying files are at Open data.