Skip to content
etf.net

JULH

GradeDChicago Board Options Exchange

Innovator Premium Income 20 Barrier ETF - July

Buffered · Innovator · Inception 2023-07-03

$25.33−0.03 (−0.12%)

As of Sep 23, 2026, 2:21 PM EDT

History starts Jul 3, 2023.
Intraday session: down, 29 prints from 25.36 to 25.33. Range 25.31 to 25.36. Use the arrow keys to read each point.$25.32$25.34$25.3610 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$17M
1Y return
+6.3%
Yield · Last 12 months
6.30%
Holdings
6
Volume · 30D
0M sh
NAV per share
$25.29
52W range
low $24.68high $25.48

The ETF.net JULH Grade

D

29/ 100

Rank 20 of 24 in S&P 500 Buffer 20%⁠

Confidence Medium

Six-pillar profile for JULH. Scores out of 100: Cost 4, Risk 68, Mission not scored, Tradability 38, Holdings not scored, Durability 41. Strongest: Risk (68). Weakest: Cost (4). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 29 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 4
    Category rank23/24 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank2/22 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank17/24 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank18/24 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on JULH

ETF.net Research

DDefined outcome investing tilted toward income: JULH seeks a high level of income through defined distributions while applying a 20% barrier to S&P 500 price index losses over each July-to-June outcome period.

Stated mandate

The Fund seeks to provide a high level of income through defined distributions while applying a 20% barrier to losses in the S&P 500 Price Return Index over each approximately one-year outcome period.

Why people hold it

  1. 01Income is the mission, not a byproduct: the fund seeks a high level of income through defined distributions, paid on a quarterly schedule.
  2. 02The 20 in the name is written into the fund's own documents: a 20 percentage point barrier against losses in the S&P 500 price index over each roughly one-year period.
  3. 03Calendar clarity: outcome periods run July 1 through the end of June, so the reset date is fixed and knowable well in advance.
  4. 04An options strategy in a plain 1940 Act fund wrapper: ordinary ETF trading and a 1099 at tax time rather than a K-1.

Worth knowing

  1. 01At 0.79%, it runs pricier than other 20% protection funds such as PBFR (0.50%) and PSFJ (0.49%), and above Innovator's own July sibling JULW (0.74%).
  2. 02A small, thinly traded fund, so bid-ask spreads can run wider than at the category's heavyweights.
  3. 03Terms are set at each July 1 start. Buy mid-period and the protection remaining and the distribution math both differ from the stated starting terms.

JULH Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
121%
Largest holding
United States Treasury Bill 06/10/202797.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 06/10/202797.29%17,159,400$17M27
002—SPX 06/30/2027 5924.04 P18.61%450$3M1
003—United States Treasury Bill 09/29/20261.62%277,600$277K34
004—United States Treasury Bill 12/31/20261.61%278,200$275K9
005—United States Treasury Bill 03/18/20271.60%278,700$273K31
006—US BANK MMDA - USBGFS 9 09/01/20370.02%4,198$4K161

Showing 1–6 of 6 holdings

JULH Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

JULH$10,630
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. JULH $10,630. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JULH. Periods over one year show the average yearly return.
PeriodJULH
Year to date+4.5%
1 month+0.6%
3 months+2.0%
1 year+6.3%
3 years+7.4%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JULH
YearReturn barJULH
2026 YTD+4.5%
2025+7.1%
2024+6.9%
2023+4.4%

Since listing, Jul 3, 2023

JULH in the news

ETF.net Research hasn’t filed on JULH yet — coverage lands here as it’s written.

JULH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
6.30%Last 12 months
Payout per share
$1.60Last 12 months
Last payment
$0.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 12 payments from 2023 to 2026 YTD. Sep 28, 2023 $0.46; Dec 28, 2023 $0.46; Mar 27, 2024 $0.46; Jun 28, 2024 $0.46; Sep 30, 2024 $0.40; Dec 31, 2024 $0.40; Mar 31, 2025 $0.40; Jun 30, 2025 $0.40; Sep 30, 2025 $0.40; Dec 31, 2025 $0.53; Mar 31, 2026 $0.40; Jun 30, 2026 $0.27. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Jun 30, 2026Jul 1, 2026$0.27
Mar 31, 2026Apr 1, 2026$0.40
Dec 31, 2025Jan 2, 2026$0.53
Sep 30, 2025Oct 2, 2025$0.40
Jun 30, 2025Jul 1, 2025$0.40
Mar 31, 2025Apr 1, 2025$0.40
Dec 31, 2024Jan 2, 2025$0.40
Sep 30, 2024Oct 4, 2024$0.40
Jun 28, 2024Jul 1, 2024$0.46
Mar 27, 2024Apr 1, 2024$0.46
Dec 28, 2023Jan 2, 2024$0.46
Sep 28, 2023Oct 2, 2023$0.46

JULH Risk

How much the fund’s monthly returns vary, scaled to a year.
1.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.34
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−5.5%
38 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

JULH Cost

Expense ratio0.79%
  • The middle half of S&P 500 Buffer 20% funds
  • Median 0.74%

21 of the 24 S&P 500 Buffer 20% funds charge less.

JULH costs $79.00 a year on $10,000. The median S&P 500 Buffer 20% fund costs $74.00.