---
ticker: "TBJL"
name: "Innovator 20+ Year Treasury Bond 9 Buffer ETF - July"
url: "https://etf.net/etf/TBJL"
grade: "B"
score: 56
graded_at: "2026-10-12"
category: "Other Buffered"
category_rank: "4 of 11"
methodology: "https://etf.net/methodology"
---

# TBJL: Innovator 20+ Year Treasury Bond 9 Buffer ETF - July

Grade **B**, Score 56 of 100. Rank 4 of 11 in Other Buffered.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 71 | 3 of 11 |
| Mission | Not scored | — |
| Risk | 35 | 7 of 11 |
| Tradability | 49 | 6 of 11 |
| Holdings | Not scored | — |
| Durability | 61 | 5 of 11 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Tlt 06/30/2027 0.86 C | 93.43% |
| 2 | — | Tlt 06/30/2027 86.42 P | 11.23% |
| 3 | — | Us Bank Mmda - Usbgfs 9 09/01/2037 | 0.25% |

Source: etf.net, https://etf.net/etf/TBJL. Please cite the page URL.