Key stats
About Innovator Equity Defined Protection ETF - 2 Yr to January 2026
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Inception date
Jan 2, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US45783Y4180
AJAN invest all of its assets in FLEX options. The option positions are structured in a way that aims to provide long exposure to US large-cap stocks, up to a cap, while fully hedging downside risk over a two-year period. The upside cap and hedge are reset every other year, at the beginning of December. Shareholders should note they will not receive any dividends, the objective focuses on the potential growth. The specific defined outcome pursued may only be possible if an investor were to hold the shares for the entire outcome period. However, there is no guarantee the define outcome of the strategy pursued will be realized by investors. When factoring risks, potential reward, and the all-in costs for such a strategy, AJAN is considered an alternative to more expensive fixed indexed annuities, market linked CDs, holding near-term Treasury, or cash. For comparative purposes, AJAN investors need to double the stated expense ratio of the fund.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.70%
Cash0.30%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AJAN assets under management is 45.84 M USD. It's fallen 2.31% over the last month.
AJAN fund flows account for −19.16 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, AJAN doesn't pay dividends to its holders.
AJAN shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on Jan 2, 2024, and its management style is Active.
AJAN expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
AJAN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AJAN invests in cash.
AJAN price has risen by 0.88% over the last month, and its yearly performance shows a 5.82% increase. See more dynamics on AJAN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.58% over the last month, showed a 2.41% increase in three-month performance and has increased by 5.93% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.58% over the last month, showed a 2.41% increase in three-month performance and has increased by 5.93% in a year.
AJAN trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.