- What does TJAN invest in?
- TJAN invests all 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 January. Shareholders should note they will not receive any dividends, the objective focuses on 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 that the defined outcome of the strategy pursued will be realized by investors. When factoring risks, potential reward, and the all-in costs for such a strategy, TJAN is considered an alternative to more expensive fixed indexed annuities, market linked CDs, holding near-term Treasury, or cash. For comparative purposes, TJAN investors need to double the stated expense ratio of the fund.
- What is the expense ratio of TJAN?
- Innovator Equity Defined Protec (TJAN) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is TJAN?
- Innovator Equity Defined Protec (TJAN) manages $31.6M 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 TJAN actively managed or an index fund?
- TJAN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was TJAN launched?
- Innovator Equity Defined Protec (TJAN) launched in January 2025 and is managed by Innovator.
- How has TJAN performed?
- TJAN'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.
