Innovator Equity Defined Protection ETF
JAJL
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Jul 1, 2024
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul (JAJL) is an exchange-traded fund that seeks to track the price return of the SPDR S&P 500 ETF Trust (SPY) up to a defined upside cap, while providing a 100% downside buffer against SPY losses over a six-month outcome period from January to July; the actively managed fund utilizes FLEX Options on SPY, cash equivalents, and derivatives to achieve its defined outcome objectives before fees and expenses. Launched on June 28, 2024 and listed on Cboe BZX Exchange effective July 1, 2024, JAJL forms part of the Innovator ETFs Trust, a series of open-end investment companies registered under the Investment Company Act of 1940. The fund targets investors seeking large-cap U.S. equity exposure with principal protection in the defined outcome ETF category, co-managed by Innovator Capital Management, LLC and Milliman Financial Risk Management LLC, with a net expense ratio of 0.79% and assets under management exceeding $232 million as of recent data. Innovator Capital Management, LLC, the fund's investment adviser founded in 2017 and headquartered in Wheaton, Illinois, specializes in Defined Outcome ETFs including buffer, protection, and growth strategies across equity, fixed income, and other asset classes; it pioneered the category with the launch of the first Buffer ETFs in 2018 and manages over 150 such products with approximately $28 billion in assets under supervision as of September 30, 2025. The firm's ETFs are distributed by Foreside Fund Services, LLC and operate primarily in the U.S. market, serving institutional investors, financial advisors, and individual clients through channels like wirehouses, registered investment advisors, and broker-dealers. Key leadership includes co-founders CEO Bruce Bond and President John Southard, both ETF industry pioneers from PowerShares, alongside CIO Graham Day and Head of Distribution Trevor Terrell. In a major strategic development announced on December 1, 2025, Innovator Capital Management entered into a definitive agreement to be acquired by Goldman Sachs for approximately $2 billion in cash and equity, subject to performance targets, with the transaction expected to close in Q2 2026 pending regulatory approval; this deal will integrate Innovator's defined outcome ETF platform into Goldman Sachs Asset Management, expanding its active ETF offerings to over 215 strategies and $75 billion in assets under supervision globally. The acquisition highlights Innovator's leadership in the fast-growing defined outcome segment, which has expanded at a 66% CAGR since 2020, and ensures continuity of investment management and service providers post-closing, with Innovator's leadership team and over 60 employees joining Goldman Sachs. No other significant acquisitions, partnerships, funding rounds, or product launches specific to JAJL have been reported in the last 1-2 years beyond its initial launch.