PJAN

📎 Investment Objective

The Innovator U.S. Equity Power Buffer ETF - January (PJAN) seeks to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap, while providing a buffer against the first 15% of losses over the course of a one-year period.

✨ Key Features

• Seeks to match the price return of the S&P 500 Index up to a predetermined upside cap
• Provides a 15% buffer against losses over a one-year period
• Resets annually on a specific date (January) to maintain the defined outcome parameters
• Actively managed portfolio of FLEX Options to achieve the desired outcome

⚠️ Primary Risks

• Market risk: The fund's value will fluctuate with the performance of the underlying S&P 500 Index
• Capped upside potential: The fund's returns are capped at a predetermined level, limiting potential gains
• Counterparty risk: The fund is exposed to the creditworthiness of the options counterparties
• Liquidity risk: The FLEX Options may have limited liquidity, which could impact the fund's ability to achieve its investment objective

👤 Best For

PJAN may be suitable for investors seeking exposure to the S&P 500 Index with built-in downside protection, particularly those with a moderate risk tolerance and a one-year investment horizon. The fund's defined outcome strategy may appeal to investors looking to limit potential losses while participating in some of the upside of the broader market.