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.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PJAN 3.03% 7.97% 2.67% 0.06% 3.96% -- --
PJAN (NAV) 3.25% 8.01% 2.73% 0.43% 3.97% -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 3.98% 7.96% 3.56% -11.35% 7.53% 9.14% 12.56%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

Innovator
01/02/19
0.79%
$659.55M
No Underlying Index
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

+$0.03B 5 Days
+$0.25B 30 Days
+$0.13B 90 Days

PJAN Portfolio Data

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N/A
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PJAN Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

PJAN Portfolio Management

0.79%
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PJAN Tax Exposures

20.00% / 39.60%
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Ordinary income
No

PJAN Fund Structure

Open-Ended Fund
Yes
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

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 Tradability

217,102
$6.89M
62,981
$2.01M
0.17%
$0.05
0.00%
0.35% / -0.50%
None
100.00%
25,000
2.52
0.03%
--
0
$32.38
N/A

PJAN Top 10 Holdings

99.80%
0.20%
100.00%

PJAN Performance Statistics

0.95
0.55
0.56
0.54
0.72%
MSCI USA Large Cap Index

PJAN Benchmark Comparison Holdings

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PJAN Benchmark Comparison Summary

PJAN Segment
Benchmark
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PJAN Benchmark Comparison Market Cap Size

PJAN Segment
Benchmark
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