Key stats
About Innovator Premium Income 20 Barrier ETF - January
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Inception date
Dec 29, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
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
US45783Y6573
JANH provides no upside potential. Instead, it aims for a defined rate of income and downside protection over a one-year period starting each January. The actively managed portfolio consists of i) US Treasurys maturing on each quarterly distribution date, ii) out-of-the-money S&P 500 put FLEX options sold to provide one-to-one downside exposure, and iii) put spread FLEX options on the S&P 500 Index which serve as the barrier. The fund invests net premiums generated from the purchased and sold puts in US Treasurys. At each outcome period, the fund seeks to provide income through a defined distribution rate and a barrier against 20% of losses. In exchange for this barrier, investors forgo any upside participation. After the barrier level is breached, investors take on the full downside of index returns. The fund must be held during the entire return period to pursue intended results. Investors who buy at any other time than the annual reset may have a different investment return.
Related funds
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
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.
JANH assets under management is 10.57 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.
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.
JANH invests in bonds. See more details in our Analysis section.
JANH 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, JANH isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, JANH pays dividends to its holders with the dividend yield of 6.03%.
JANH shares are issued by Innovator Capital Management LLC
JANH 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 Dec 29, 2023.
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.