Innovator Equity Defined Protection ETF
TJUL
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Jul 18, 2023
- CIK
- 0001415726
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Capital Management, LLC (Innovator) creates and manages exchange-traded funds (ETFs), specializing in defined outcome ETFs that provide investors with targeted equity exposure, downside buffers, and upside caps over predefined outcome periods through customized FLEX options referencing underlying assets such as the SPDR S&P 500 ETF Trust (SPY); core offerings include the Innovator Equity Defined Protection ETF - 2 Yr to July 2027 (TJUL), which seeks to track SPY returns up to a cap (13.61% starting as of September 2025) while buffering 100% of losses over the July 1, 2025 to June 30, 2027 outcome period before fees, alongside broader suites of 100% Protection ETFs, Premium Income Barrier ETFs (e.g., 10, 20, and 30 Barrier series), and other buffer strategies with bi-annual rebalances and expense ratios around 0.79%. The firm operates primarily in the U.S. investment management sector, targeting institutional investors, financial advisors, and individual clients seeking risk-managed equity solutions amid market volatility, with products listed on Cboe BZX and managing approximately $28 billion in assets across over 150 ETFs as of late 2025. Founded in 2017 and headquartered in Wheaton, Illinois, Innovator was established by ETF pioneers Bruce Bond and John Southard, former founders of PowerShares. In a pivotal strategic development announced on December 1, 2025, Goldman Sachs agreed to acquire Innovator for approximately $2 billion in a cash-and-equity deal contingent on performance targets, expected to close in Q2 2026 pending regulatory approval, thereby expanding Goldman Sachs Asset Management's ETF lineup to over 215 strategies and $75 billion in assets while integrating Innovator's leadership and 60-plus employees as a wholly owned subsidiary. This transaction builds on Innovator's recent product expansions, including new 100% downside buffer ETFs launched in September 2024 and ongoing series growth in the max buffer category, which debuted with TJUL on July 18, 2023 and now represents half the market's assets in such products. The acquisition underscores Innovator's leadership in the fast-growing defined outcome ETF segment, enhancing distribution and innovation synergies without altering current investment management providers.