Innovator Premium Income 20 Barrier ETF - July
$25.01−0.03 (−0.10%)
- 0.79%
- $17M
- +7.2%
- 6.43%
- 0M sh
- $25.04
- low $24.68high $25.48
The ETF.net JULH Grade
D
Score 30 out of 100
- 22 of 24
Score 30 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F4 out of 100Rank 22 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B68 out of 100Rank 3 of 23Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 17 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 18 of 24
Our read on JULH
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.
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
- Income is the mission, not a byproduct: the fund seeks a high level of income through defined distributions, paid on a quarterly schedule.
- The 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.
- Calendar clarity: outcome periods run July 1 through the end of June, so the reset date is fixed and knowable well in advance.
- An 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
- At 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%).
- A small, thinly traded fund, so bid-ask spreads can run wider than at the category's heavyweights.
- Terms 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
- Stocks
- 5
- 119%
- United States Treasury Bill 06/10/2027
Sectors
- Technology38.7%
- Financials12.1%
- Communication9.5%
- Consumer Discretionary9.3%
- Health Care9.3%
- Industrials7.8%
- Consumer Staples4.5%
- Energy3.5%
- Utilities2.0%
- Real Estate1.8%
- Materials1.7%
JULH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
JULH$10,716
Returns run to the Oct 12, 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.
| Period | JULH |
|---|---|
| Year to date | +4.8% |
| 1 month | +0.7% |
| 3 months | +2.1% |
| 1 year | +7.2% |
| 3 years | +7.3% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JULH |
|---|---|---|
| 2026 YTD | +4.8% | |
| 2025 | +7.1% | |
| 2024 | +6.9% | |
| 2023 | +4.4% |
JULH in the news
JULH Dividends
- 6.43%
- $1.61
- $0.41 per share
- Quarterly
Distribution history
JULH Risk
- 1.7%
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.
- 1.63
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.
- −5.5%
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.
- 0.09
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
0.79%
JULH0.79%
- 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.
Other funds in S&P 500 Buffer 20%
- CFEBWAllianzIM U.S. Equity Buffer20 Feb ETFExpense ratio 0.74%1 year return +11.1%
- CMARWAllianzIM U.S. Equity Buffer20 Mar ETFExpense ratio 0.74%1 year return +11.2%
- CPQXXPGIM Rock ETF Trust - PGIM S&P 500 Quarterly Buffer 20 ETFExpense ratio 0.50%1 year return —
- DAPRHInnovator Premium Income 20 Barrier ETFExpense ratio 0.79%1 year return +8.1%
- FOCTHInnovator Premium Income 20 Barrier ETFExpense ratio 0.79%1 year return +7.9%