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OCTJ

GradeCChicago Board Options Exchange

Innovator Premium Income 30 Barrier ETF

Option Income · Innovator · Inception 2023-10-02

$24.18+0.13 (+0.54%)

As of Sep 23, 2026, 1:48 PM EDT

History starts Oct 2, 2023.
Intraday session: up, 13 prints from 24.05 to 24.18. Range 24.05 to 24.18. Use the arrow keys to read each point.$24.05$24.10$24.1510 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$15M
1Y return
+4.9%
Yield · Last 12 months
5.26%
Holdings
7
Volume · 30D
0M sh
NAV per share
$24.18
52W range
low $23.49high $24.32

The ETF.net OCTJ Grade

C

43/ 100

Rank 37 of 52 in S&P 500 Option Income⁠

Confidence Medium

Six-pillar profile for OCTJ. Scores out of 100: Cost 29, Risk 70, Mission not scored, Tradability 44, Holdings not scored, Durability 45. Strongest: Risk (70). Weakest: Cost (29). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C 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.
    DScore 29
    Category rank36/52 · mid-pack

  • 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.
    AScore 70
    Category rank7/52 · top 13%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 44
    Category rank31/52 · 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 45
    Category rank37/52 · mid-pack

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

Our read on OCTJ

ETF.net Research

CIncome you can pencil in: OCTJ sets a distribution rate at the start of each annual period, pays it quarterly, and cushions S&P 500 declines down to a 30% barrier. Defined-outcome plumbing pointed at cash flow instead of upside.

Stated mandate

The fund seeks a defined income outcome over each annual period, with returns tied to the S&P 500 Price Return Index and downside protection through a 30% barrier.

Why people hold it

  1. 01The payout is defined up front: a distribution rate set at the start of each annual outcome period, then paid quarterly.
  2. 02Downside protection is deep by defined-outcome standards: a 30% barrier against the S&P 500 Price Return Index across each annual period.
  3. 03Terms reset every October. New outcome period, newly set rate, barrier back to full depth.
  4. 04It arrives as a 1940 Act ETF, so the defined-income terms sit in an exchange-traded fund rather than a bank-issued structured note.

Worth knowing

  1. 01A barrier is a cliff, not a buffer. It is measured at period end, so interim swings are uncushioned and a finish past 30% down removes the protection.
  2. 02The 0.79% fee sits above the cohort median and well above index-built S&P 500 income peers like IVVW (0.25%) and RSPA (0.32%).
  3. 03Small and thinly traded next to the giants of the premium-income shelf, so bid-ask spreads carry more weight at the point of trade.

OCTJ Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
7
Top-10 weight
100%
Largest holding
United States Treasury Bill 10/01/2026100.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 10/01/202699.99%15,128,500$15M21
002—US BANK MMDA - USBGFS 9 09/01/20370.06%9,761$10K161
003—4SPX US 09/30/26 P4615.01 FLX0.02%670$3K1

Showing 1–3 of 3 holdings

OCTJ Performance

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

OCTJ$10,488
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. OCTJ $10,488. 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 OCTJ. Periods over one year show the average yearly return.
PeriodOCTJ
Year to date+3.1%
1 month−0.1%
3 months+0.5%
1 year+4.9%
3 yearsFund is under 3 years old—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 OCTJ
YearReturn barOCTJ
2026 YTD+3.1%
2025+5.7%
2024+5.3%
2023+3.0%

Since listing, Oct 2, 2023

OCTJ in the news

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

OCTJ 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.
5.26%Last 12 months
Payout per share
$1.26Last 12 months
Last payment
$0.32 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. 11 payments from 2023 to 2026 YTD. Dec 28, 2023 $0.40; Mar 27, 2024 $0.40; Jun 28, 2024 $0.40; Sep 30, 2024 $0.40; Dec 31, 2024 $0.31; Mar 31, 2025 $0.31; Jun 30, 2025 $0.31; Sep 30, 2025 $0.31; Dec 31, 2025 $0.32; Mar 31, 2026 $0.32; Jun 30, 2026 $0.32. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Jun 30, 2026Jul 1, 2026$0.32
Mar 31, 2026Apr 1, 2026$0.32
Dec 31, 2025Jan 2, 2026$0.32
Sep 30, 2025Oct 2, 2025$0.31
Jun 30, 2025Jul 1, 2025$0.31
Mar 31, 2025Apr 1, 2025$0.31
Dec 31, 2024Jan 2, 2025$0.31
Sep 30, 2024Oct 4, 2024$0.40
Jun 28, 2024Jul 1, 2024$0.40
Mar 27, 2024Apr 1, 2024$0.40
Dec 28, 2023Jan 2, 2024$0.40

OCTJ Risk

How much the fund’s monthly returns vary, scaled to a year.
1.5%
Annualised · 34 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.
0.90
vs 3-month T-bills · 34 months 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.
−5.4%
35 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.
0.13
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.

OCTJ Cost

Expense ratio0.79%
  • The middle half of S&P 500 Option Income funds
  • Median 0.60%

32 of the 51 S&P 500 Option Income funds charge less.

OCTJ costs $79.00 a year on $10,000. The median S&P 500 Option Income fund costs $60.00.