Innovator International Developed Power Buffer ETF - January (IJAN)
Innovator International Developed Power Buffer ETF - January operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $39.03, up 0.29% on the session, giving a market capitalisation of $165.3M. Its beta of 0.45 implies it has historically moved less than the broad market.
IJAN uses FLEX options in an effort participate in the price performance of the iShares MSCI EAFE ETF (ticker: EFA), up to a predetermined cap, while buffering some downside loss over a one-year period starting each January. The fund foregoes some upside return as well as any dividend component, because the options are written on the price (not total) return version of the shares. In exchange for preventing realization of the first 15% of EFAs 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 the entire outcome period to pursue the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually and uses FLEX options exclusively.
Innovator International Developed Power Buffer ETF - January is most often compared with the following Financial Services names: