NJAN
Innovator Growth-100 Power Buffer ETF - January
NJAN aims for specific buffered losses and capped gains on the NASDAQ 100 over a specific holdings period. The actively-managed fund holds options and collateral.
US
EQUITY
Active
MANAGEMENT STYLE
300.1 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Innovator |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 31, 2019 |
| Assets (mns) | $300 |
| Expense ratio | 79 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| QQQ 12/31/2025 5.11 C | 99.5 % |
| QQQ 12/31/2025 511.23 P | 4.3 % |
| CASH & OTHER | 0.2 % |
| QQQ 12/31/2025 434.55 P | -1.6 % |
| QQQ 12/31/2025 587.91 C | -2.4 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.2% | 10.8% | 12.1% | 9.4% | 6.4% | -- | -- | 6.4% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | 2.2% | 10.8% | 12.1% | 9.4% | 6.4% | -- | -- | 6.4% | Ann. Volatility | 19.2% | 13.4% | 10.1% | 13.5% | 12.4% | -- | -- | 13.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.61 | 77% |
| MSCI EAFE | 0.38 | 32% |
| MSCI Emg Mkts | 0.30 | 19% |
Liquidity Measures
| Avg. volume (000) | 18 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.24% |
Technical Indicators
| Recent close | $49.61 |
| 30d moving avg. | $48.35 |
| Annualized volatility | 11.7% |
| Relative strength (RSI) | 60 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| NJAN (79 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NJAN | 79.0 | 24.3 | 103.3 |
| Peer Avg. | 49.0 | 20.1 | 69.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .