Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to January 2028
AJAN
Chicago Board Options Exchange- -
USD
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Jan 2, 2024
- CIK
- 0001415726
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Equity Defined Protection ETF – 2 Yr to January 2028 (AJAN) is an actively managed, non-diversified exchange-traded fund and a series of Innovator ETFs Trust that provides defined-outcome exposure to U.S. large-cap equities through the SPDR S&P 500 ETF Trust (SPY). The Fund invests principally in customizable exchange-traded FLexible EXchange Options (FLEX Options) referencing SPY and may invest directly in SPY or its component securities; it seeks to match SPY’s price performance, subject to a predetermined upside cap, while seeking to provide a 100% buffer against SPY losses for investors holding shares throughout the applicable two-year outcome period. The Fund targets retail and institutional investors seeking capped U.S. equity upside participation with defined downside-risk management; its shares trade on Cboe BZX under the ticker AJAN and are issued and redeemed in Creation Units. Innovator Capital Management LLC serves as investment adviser and Milliman Financial Risk Management LLC serves as sub-adviser; Foreside Fund Services LLC distributes the shares. AJAN was listed on January 2, 2024, and is managed from Innovator’s Wheaton, Illinois operations. The current January 2028 series began its outcome period on January 1, 2026 and is scheduled to end December 31, 2027; it seeks a 13.30% gross upside cap and a 100% gross downside buffer before fees and expenses, carries a 0.79% annual management fee, and rebalances on a biennial basis. The principal recent operational change was the Fund’s January 2026 reset into its January 2028 outcome period, including the establishment of new FLEX Options, the 13.30% starting cap and the full downside buffer; upon each two-year period’s conclusion, the Fund remains operational, establishes a new option portfolio and outcome period, and changes its name to reflect the succeeding period.