UJAN

Innovator U.S. Equity Ultra Buffer ETF - January

$42.46

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Innovator U.S. Equity Ultra Buffer ETF - January (UJAN) seeks to provide investors with returns that match those of the S&P 500 Index, up to a predetermined cap, while providing a buffer against the first 5-9% of losses over the course of an entire one-year period.

Overview

ETF tracking Innovator U.S. Equity Ultra Buffer ETF - January

Category Leveraged

Issuer Other

Inception Date 2019-01-02

Market Cap $208.1M

Average Volume N/A

Dividend Yield N/A

52-Week Range $36.26 - $42.60

VWAP $42.46

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

UJAN is an actively managed ETF that uses a defined outcome strategy to provide a buffer against losses and a cap on upside returns. The fund invests in a portfolio of FLexible EXchange Options (FLEX Options) on the S&P 500 Index, which are designed to provide the desired level of upside participation and downside protection over a one-year outcome period.

✨ Key Features

Provides a buffer against the first 5-9% of losses over a one-year period
Caps upside returns at a predetermined level, typically around 15-20%
Resets the buffer and cap annually on a predetermined date
Actively managed portfolio of FLEX Options on the S&P 500 Index

⚠️ Primary Risks

Market risk: The fund's returns are tied to the performance of the S&P 500 Index, and it will be subject to the same market fluctuations
Capped upside potential: The fund's returns are capped, so investors may miss out on some of the upside if the market performs exceptionally well
Counterparty risk: The fund's performance is dependent on the creditworthiness of the options counterparties
Liquidity risk: The FLEX Options used by the fund may have limited liquidity, which could impact the fund's ability to achieve its investment objective

👤 Best For

UJAN may be suitable for investors who are seeking equity market exposure with a level of downside protection, and who are willing to forgo some upside potential in exchange for the buffer against losses. This fund may be particularly appealing to more conservative investors or those nearing retirement who are looking to manage their risk exposure.