TBJLInnovator 20+ Year Treasury Bond 9 Buffer ETF - July
TBJL Fund Description
TBJL aims for specific buffered losses and capped gains on the iShares 20+ Year Treasury Bond ETF (TLT) over a specific holdings period. The actively-managed fund holds options and collateral.
TBJL Factset Analytics Insight
TBJL is one of the first fixed income fund that follows a defined outcome structure. The fund uses FLEX options in an effort to moderate losses on TLT over a one-year period starting each July. In exchange for preventing realization of the first 9% of the TLT’s losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund’s expense ratio. The fund is actively managed, resets annually and uses FLEX options exclusively.
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TBJL Portfolio Management
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TBJL Fund Structure
TBJL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TBJL. TBJL is rated a N/A out of 5.