# TJUL (Innovator Equity Defined Protection ETF - Jul 2027)

Innovator · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, TJUL has reached its cap.

## Key facts

- TJUL, past the cap, price drift left: 5.5%, as of Sep 11, 2026.
- TJUL, fall before the buffer: 7.3%, as of Sep 11, 2026.
- TJUL, protection left, index points: 100.0%, as of Sep 11, 2026.
- TJUL, days to reset: 292, as of Sep 11, 2026.
- TJUL, net assets: $116m (issuer page, as of Sep 11, 2026).
- TJUL, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## TJUL over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.4% | +3.3% | −1.9 pts |
| 6 months | +3.9% | +16.0% | −12.1 pts |
| 1 year | +4.7% | +17.5% | −12.8 pts |
| 3 years | +23.6% | +77.9% | −54.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 100% | ETFIQ |
| Outcome period | Jun 30, 2025 to Jun 30, 2027 | ETFIQ |
| Starting cap | +13.6% | ETFIQ |
| SPY return since period start | +23.7% | ETFIQ |
| Fund return since period start | +6.8% | ETFIQ |
| Net assets | $116m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 5.5% | issuer, fund price |
| Fall before buffer | 7.3% | issuer, fund price |
| Fall to the buffer in index terms | 19.2% | ETFIQ |
| Protection left in index points | 100.0% of 100.0% | ETFIQ |
| Days left in period | 292 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can TJUL still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +13.6% for this period, which runs from Jun 30, 2025 to Jun 30, 2027.

### How far can TJUL fall before the buffer helps?

7.3% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 19.2% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the TJUL buffer is left?

100.0% of the 100.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does TJUL reset?

The outcome period ends on Jun 30, 2027, 292 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does TJUL cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, TJUL, data as of Sep 11, 2026. https://etfiq.com/funds/tjul
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/tjul  ·  JSON: https://etfiq.com/funds/tjul.json