Innovator U.S. Equity Power Buffer ETF
PJAN
Chicago Board Options Exchange- -
USD
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- -
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
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Jan 3, 2019
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator U.S. Equity Power Buffer ETF - January (PJAN) is an exchange-traded fund that seeks to track the price return of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap, subject to a buffer against the first 15% of losses over a one-year outcome period ending in January; the fund employs a synthetic options strategy using FLEX Options on SPY combined with investments in U.S. Treasury bills and cash equivalents to achieve its defined outcome objectives. PJAN operates within the defined outcome ETF segment pioneered by its issuer, Innovator Capital Management, LLC, which offers a broad suite of similar products including U.S. Equity Power Buffer ETFs for other monthly periods, Equity Defined Protection ETFs, and Laddered Allocation ETFs targeting income, growth, and buffer strategies across equity and fixed income markets. The ETF primarily serves institutional investors, registered investment advisors, and individual portfolios seeking risk-managed exposure to large-cap U.S. equities, with global accessibility through listings on the Cboe BZX Exchange. PJAN, launched on December 30, 2018, forms part of Innovator Capital Management's portfolio of 159 defined outcome ETFs managing approximately $28 billion in assets as of September 30, 2025. Innovator Capital Management, founded in 2017 and headquartered at 200 W Front Street in Wheaton, Illinois, distributes its products through Foreside Fund Services, LLC, and focuses exclusively on innovative ETF solutions that bring structured product-like outcomes to the ETF wrapper. The firm targets retail and institutional clients across the United States and international markets through broker-dealers, wirehouses, and advisory channels. In a major strategic development announced on December 1, 2025, Innovator Capital Management entered into a definitive agreement to be acquired by The Goldman Sachs Group, Inc. for approximately $2 billion, with the transaction expected to close in the second quarter of 2026; this acquisition will integrate Innovator's ETF platform into Goldman Sachs Asset Management, expanding the latter's active ETF offerings while maintaining existing investment management and service providers. The deal underscores the rapid growth of defined outcome ETFs amid market volatility and positions Goldman Sachs among the top global ETF providers, with Innovator's over 60 employees set to join Goldman Sachs' Third-Party Wealth and ETF teams. No other significant acquisitions, partnerships, funding rounds, or product launches specific to PJAN were reported in the last two years.