Innovator Emerging Markets Power Buffer ETF - January

Frequently Asked Questions About EJAN

What does EJAN invest in?

EJAN uses options in an effort to moderate losses on iShares MSCI EM ETF (EEM) over a one-year period starting each January. The fund foregoes some upside return as well as the dividend component of the index, because the options are written on the price (not total) return version of the index. In exchange for preventing realization of the first 15% of EEM 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 to the end of the 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 listed options exclusively.

What is the expense ratio of EJAN?

Innovator Emerging Markets Power Buffer ETF - January (EJAN) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.

How big is EJAN?

Innovator Emerging Markets Power Buffer ETF - January (EJAN) manages $144.5M 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 EJAN actively managed or an index fund?

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

When was EJAN launched?

Innovator Emerging Markets Power Buffer ETF - January (EJAN) launched in January 2020 and is managed by Innovator.

How has EJAN performed?

EJAN'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.