PJAN Innovator U.S. Equity Power Buffer ETF - January
What is PJAN?
PJAN aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.
PJAN Factset Analytics Insight
PJAN uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each January. The fund foregoes some upside return as well as the S&P 500’s dividend component, because the options are written on the price (not total) return version of the index. In exchange for preventing realization of the first 15% of the S&P 500’s losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund’s expense ratio. The fund is actively managed, resets annually and uses listed options exclusively.
PJAN Summary Data
PJAN Portfolio Data
PJAN Index Data
PJAN Portfolio Management
PJAN Tax Exposures
PJAN Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PJAN. PJAN is rated a N/A out of 5.
PJAN Top 10 Holdings
PJAN Performance Statistics
PJAN Benchmark Comparison Summary
PJAN Benchmark Comparison Market Cap Size