- What does JANU invest in?
- JANU seeks to provide unlimited upside potential, subject to a spread, while preventing the realization of the first 15% of SPDR S&P 500 ETF Trust (SPY) losses. In exchange for this downside protection, investors foregoe some upside returns, that is, the spread. The fund also foregoes the S&P 500s dividend component because the options are written on the price (not total) return version of the index. To participate in any positive returns, the fund must exceed the spread, as measured based on market conditions at the end of the outcome period starting each January. Investors who buy at any other time than the annual reset day may have a different protection and buffer zone. Even if shares are held for the entire outcome period, the outcome may differ from the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually, and uses FLEX options exclusively.
- What is the expense ratio of JANU?
- AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF (JANU) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is JANU?
- AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF (JANU) manages $78.3M 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 JANU actively managed or an index fund?
- JANU is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (JANU's is 0.74%) in exchange for the discretion to over- or under-weight positions.
- When was JANU launched?
- AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF (JANU) launched in December 2024 and is managed by AllianzIM.
- How has JANU performed?
- JANU'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.
