LJAN

Official documents are being connected from SEC EDGAR. Read the issuer’s prospectus before investing.

Issuer

Innovator

Inception

2024-01-02

Exchange

CBOE

CUSIP

45783Y368

Structure

—

Benchmark

—

Leverage

1x

Reset

—

LJAN provides no upside potential. Instead, the fund aims for a defined rate of income and a downside protection over a one-year period starting each January. The actively managed portfolio consists of: i) US Treasurys maturing on or about each quarterly distribution date, and ii) out-of-the-money S&P 500 put FLEX options, sold to provide one-to-one downside exposure. The fund invests the net premiums generated from the purchased and sold puts in US Treasurys. At each outcome period, the fund seeks to provide income through a defined distribution rate and a buffer against the first 15% of S&P 500s losses. In exchange for this 15% buffer, investors forgo any upside participation. After the buffer level is breached, investors take on the full downside of the index returns. The fund must be held during the entire return period to pursue the intended results. Investors who buy at any other time than the annual reset day may have a different investment return.

Reported net asset value

$24.77

NAV provider updated

2026-10-29 UTC

Premium / discount

—

Median spread · 30D

—

Average volume · 30D

1.6K

Shares outstanding

—

Options

—

TTM distribution yield

4.9%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-10-30

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

0.79%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$79.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

3/5 · rule-based

Annualized volatility · 1Y

2.41%

Beta vs VOO · 1Y

—

Maximum drawdown · 1Y

▼ −1.9%

Historical risk measures describe past behavior and do not predict future returns.