Innovator U.S. Equity Accelerated Plus ETF
XTJL
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Jul 1, 2021
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) is an exchange-traded fund that seeks to provide investors with triple (3x) the upside return of the SPDR S&P 500 ETF Trust (SPY), to a cap, with approximately single exposure to the downside of SPY over a one-year outcome period before fees and expenses. The fund utilizes FLEX options issued and guaranteed by the Options Clearing Corporation, including purchased and sold call options on SPY, to achieve its defined outcome objectives; it rebalances annually, with the current outcome period running from July 1, 2025, to June 30, 2026, and a starting cap rate of approximately 15.15%; net assets stand at $17.05 million as of September 30, 2025, with an expense ratio of 0.79% and listing on the Cboe BZX Exchange. Launched on June 30, 2021, the ETF operates in the defined outcome segment of the active ETF market, targeting investors seeking leveraged U.S. large-cap equity exposure without daily resets, and is available to U.S. investors with no minimum initial investment requirements. In a significant strategic development announced on December 1, 2025, Innovator Capital Management, the fund's sponsor and a pioneer in defined outcome ETFs managing $28 billion in assets under supervision across 159 ETFs as of September 30, 2025, entered into an agreement to be acquired by Goldman Sachs for approximately $2.0 billion in cash and equity, subject to performance targets, with the transaction expected to close in the second quarter of 2026 pending regulatory approval. This acquisition will integrate Innovator's ETF lineup, including XTJL, into Goldman Sachs Asset Management's offerings, expanding its active ETF capabilities to over 215 strategies and more than $75 billion in total assets under supervision, while retaining existing investment management and service providers. The deal underscores the rapid growth of defined outcome ETFs, which have expanded at a 66% compound annual growth rate since 2020, enhancing distribution and product roadmap synergies for institutional and individual investors. Headquartered in the United States, Innovator Capital Management, co-founded by CEO Bruce Bond, specializes in outcome-based strategies across income, targeted buffer, growth, and accelerated equity exposure, with XTJL forming part of its U.S. Equity Accelerated Plus ETF series; post-acquisition, key executives including Bond, President John Southard, CIO Graham Day, and Head of Distribution Trevor Terrell, along with over 60 employees, will join Goldman Sachs Asset Management. The fund's holdings are concentrated in SPY-linked FLEX options (top holdings comprising approximately 76.83% of the portfolio), cash, and indirect exposure to U.S. large-cap sectors such as technology (35.11%), financial services, and communication services, with nearly all assets (98.97%) tied to the United States. XTJL remains tax-efficient due to its ETF structure, distributes ordinary income, and carries risks including capped upside, options liquidity, and market volatility, suitable primarily for outcome-period holders rather than short-term traders.