Innovator U.S. Equity Buffer ETF

Frequently Asked Questions About BJAN

What does BJAN invest in?

The Innovator U.S. Equity Buffer ETF (BJAN) aims to replicate the performance of the SPDR S&P 500 ETF Trust (SPY), offering investors exposure to the S&P 500. This fund protects against the first 9% of potential losses over a defined period, though it also limits upside gains with a predetermined maximum. Investors can hold this ETF long-term, as its features, including the cap and buffer, are reset at the conclusion of each outcome period, which happens approximately once a year.

What is the expense ratio of BJAN?

Innovator U.S. Equity Buffer ETF (BJAN) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BJAN?

Innovator U.S. Equity Buffer ETF (BJAN) manages $344.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BJAN actively managed or an index fund?

BJAN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BJAN launched?

Innovator U.S. Equity Buffer ETF (BJAN) launched in January 2019 and is managed by Innovator.

How has BJAN performed?

BJAN's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.