KJAN

Innovator U.S. Small Cap Power Buffer ETF - January

$39.93

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Innovator U.S. Small Cap Power Buffer ETF - January (KJAN) seeks to provide investors with returns that match the price return of the Russell 2000 Index, up to a predetermined upside cap, while providing a buffer against the first 15% of losses over the course of a one-year period.

Overview

ETF tracking Innovator U.S. Small Cap Power Buffer ETF - January

Category Small Cap

Issuer Other

Inception Date 2020-01-02

Market Cap $283.5M

Average Volume N/A

Dividend Yield N/A

52-Week Range $32.94 - $41.31

VWAP $39.83

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

KJAN uses a defined outcome strategy, seeking to provide investors with exposure to the U.S. small-cap equity market with built-in downside protection. The fund holds a portfolio of FLexible EXchange Options (FLEX Options) that are designed to provide the target level of upside participation and downside buffer.

✨ Key Features

Seeks to match the price return of the Russell 2000 Index, up to a predetermined upside cap
Provides a 15% buffer against losses over a one-year period
Resets annually on a predetermined date (January)
Expense ratio of 0.00%

⚠️ Primary Risks

Market risk: The fund's value will fluctuate with changes in the U.S. small-cap equity market
Capped upside potential: The fund's returns are subject to a predetermined upside cap, limiting potential gains
Counterparty risk: The fund is dependent on the creditworthiness of the options counterparties
Liquidity risk: The fund's FLEX Options may have limited liquidity, which could impact the fund's ability to meet redemption requests

👤 Best For

KJAN may be suitable for investors seeking exposure to the U.S. small-cap equity market with built-in downside protection, and who have a one-year investment horizon and are comfortable with the fund's capped upside potential.