Innovator Equity Defined Protection ETF - 2 Yr to January 2026Innovator Equity Defined Protection ETF - 2 Yr to January 2026Innovator Equity Defined Protection ETF - 2 Yr to January 2026

Innovator Equity Defined Protection ETF - 2 Yr to January 2026

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Key stats


Assets under management (AUM)
‪45.91 M‬USD
Fund flows (1Y)
‪−17.86 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.04%
Shares outstanding
‪1.68 M‬
Expense ratio
0.79%

About Innovator Equity Defined Protection ETF - 2 Yr to January 2026


Issuer
Innovator Capital Management LLC
Brand
Innovator
Inception date
Jan 2, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US45783Y4180
AJAN invest all of 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 December. Shareholders should note they will not receive any dividends, the objective focuses on the 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 the define outcome of the strategy pursued will be realized by investors. When factoring risks, potential reward, and the all-in costs for such a strategy, AJAN is considered an alternative to more expensive fixed indexed annuities, market linked CDs, holding near-term Treasury, or cash. For comparative purposes, AJAN investors need to double the stated expense ratio of the fund.

Broaden your horizons with more funds linked to AJAN via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Geography
U.S.
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.61%
Cash0.39%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
AJAN trades at 27.42 USD today, its price has fallen −0.01% in the past 24 hours. Track more dynamics on AJAN price chart.
AJAN net asset value is 27.42 today — it's risen 0.57% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
AJAN assets under management is ‪45.91 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
AJAN price has risen by 0.61% over the last month, and its yearly performance shows a 6.47% increase. See more dynamics on AJAN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.57% over the last month, showed a 2.09% increase in three-month performance and has increased by 6.40% in a year.
AJAN fund flows account for ‪−17.86 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
AJAN invests in cash. See more details in our Analysis section.
AJAN expense ratio is 0.79%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, AJAN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, AJAN technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating AJAN shows the buy signal. See more of AJAN technicals for a more comprehensive analysis.
No, AJAN doesn't pay dividends to its holders.
AJAN trades at a premium (0.01%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
AJAN shares are issued by Innovator Capital Management LLC
AJAN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 2, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.