# Innovator Growth-100 Power Buffer ETF (NJAN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/njan for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Innovator · Asset class: Equity - Strategy: Buffered · Inception: 2020-01-01 This Innovator Growth-100 Power Buffer ETF aims to replicate the performance of the Invesco QQQ Trust (QQQ), though its upside is limited by a predefined cap. It also provides investors with a buffer against the first 15% of losses experienced over its outcome period, prior to the deduction of fees and expenses. The fund can be held for any length of time, with its cap and buffer features resetting approximately every twelve months at the close of each outcome period. ## Key Facts | Metric | Value | |---|---| | Price | $60.05 | | Expense Ratio | 0.79% | | Assets Under Management | $335.2M | | NAV | $60.12 | | Holdings Count | 6 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $52.21 – $61.14 | | Beta | 0.44 | ## Frequently Asked Questions ### What does NJAN invest in? This Innovator Growth-100 Power Buffer ETF aims to replicate the performance of the Invesco QQQ Trust (QQQ), though its upside is limited by a predefined cap. It also provides investors with a buffer against the first 15% of losses experienced over its outcome period, prior to the deduction of fees and expenses. The fund can be held for any length of time, with its cap and buffer features resetting approximately every twelve months at the close of each outcome period. ### What is the expense ratio of NJAN? Innovator Growth-100 Power Buffer ETF (NJAN) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is NJAN? Innovator Growth-100 Power Buffer ETF (NJAN) manages $335.2M 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 NJAN actively managed or an index fund? NJAN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was NJAN launched? Innovator Growth-100 Power Buffer ETF (NJAN) launched in January 2020 and is managed by Innovator. ### How has NJAN performed? NJAN'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. ### Does NJAN pay a dividend? Innovator Growth-100 Power Buffer ETF (NJAN) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NJAN pay dividends? Innovator Growth-100 Power Buffer ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NJAN's dividend yield? NJAN's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is NJAN's next ex-dividend date? NJAN hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will NJAN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NJAN charge its expense ratio? The expense ratio is deducted in tiny daily slices from NJAN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NJAN cost more than a fund like VOO? NJAN's strategy (current expense ratio 0.79%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NJAN sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NJAN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as NJAN (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/njan - Distribution history: https://www.dividenddata.com/funds/njan/dividend - Holdings & diversification: https://www.dividenddata.com/funds/njan/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/njan/expenses - Peer comparison: https://www.dividenddata.com/funds/njan/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.