LJAN

Innovator Premium Income 15 Buffer ETF - January

$24.67
+0.00%
Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Innovator Premium Income 15 Buffer ETF - January (LJAN) seeks to provide investors with a buffer against the first 15% of losses in the S&P 500 Index, while providing upside exposure to the index's price returns, subject to a cap.

Overview

ETF tracking Innovator Premium Income 15 Buffer ETF - January

Category Value
Issuer Other
Inception Date 2024-01-02
Market Cap $11.7M
Average Volume N/A
Dividend Yield 4.21%
52-Week Range $23.32 - $24.80
VWAP $24.68

Performance

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Investment Summary

📎 Investment Objective

The Innovator Premium Income 15 Buffer ETF - January (LJAN) seeks to provide investors with a buffer against the first 15% of losses in the S&P 500 Index, while providing upside exposure to the index's price returns, subject to a cap.

🎯 Investment Strategy

LJAN uses a defined outcome strategy, investing in a portfolio of FLexible EXchange (FLEX) options that are designed to provide a buffer against the first 15% of losses in the S&P 500 Index over a one-year period, while also providing exposure to the upside price returns of the index, subject to a cap.

✨ Key Features

  • Seeks to provide a 15% buffer against losses in the S&P 500 Index over a one-year period
  • Provides exposure to the upside price returns of the S&P 500 Index, subject to a cap
  • Resets annually on a predetermined date in January
  • Expense ratio of 0.00%

⚠️ Primary Risks

  • Market risk: The ETF's returns are linked to the performance of the S&P 500 Index, and it is subject to the risks associated with equity markets
  • Capped upside potential: The ETF's upside exposure to the S&P 500 Index is subject to a cap, which may limit potential gains
  • Holding period risk: The ETF's defined outcome strategy is designed for investors who hold the shares for the entire one-year outcome period
  • Liquidity risk: The ETF may experience lower trading volumes, which could affect its ability to be bought or sold at desired prices

👤 Best For

LJAN may be suitable for investors who are seeking equity market exposure with a level of downside protection, and who are willing to hold the shares for the entire one-year outcome period. The ETF may be particularly attractive to investors who are concerned about potential market volatility and are looking for a way to manage their downside risk.