Innovator Triple Stacker ETF - January
TSJA
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings 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 4, 2021
- Similar Companies
- Business
- Innovator Capital Management, LLC (Innovator) serves as the issuer of the Innovator Triple Stacker ETF - January (TSJA), an actively managed exchange-traded fund that seeks to provide triple upside exposure to the SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), and iShares Russell 2000 ETF (IWM) to a predetermined cap, with downside exposure limited to SPY only over a one-year outcome period that resets annually. The fund invests substantially all of its assets in a portfolio of FLEX Options referencing these underlying ETFs, along with collateral such as U.S. Treasuries and cash equivalents; it forms part of Innovator's broader suite of Defined Outcome ETFs, which includes Buffer ETFs, Power Buffer ETFs, and Dual Directional ETFs offering targeted buffers, downside protection, income generation, and growth strategies across equity, fixed income, and commodity benchmarks. These products cater to financial advisors, institutions, high-net-worth individuals, and retail investors seeking risk-managed exposure to U.S. large-cap, growth, small-cap, international, and emerging markets, with operations focused primarily in the United States. Founded in 2017 and headquartered in Wheaton, Illinois, Innovator pioneered the world's first Buffer ETFs in 2018 and has grown to manage approximately $28-29 billion in assets across more than 150-159 ETF strategies as of late 2025. In a major strategic development announced on December 1, 2025, Goldman Sachs agreed to acquire Innovator for approximately $2 billion in a cash-and-equity 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 the combined entity's offerings to over 215 strategies and more than $75 billion in assets under supervision while retaining key Innovator leadership including CEO Bruce Bond and President John Southard. Recent innovations include the November 2025 expansion of Dual Directional ETFs, building on Innovator's track record of category-defining products; earlier Stackers like TSJA faced closures in prior years (e.g., October 2023 liquidations), but the firm continues monthly issuances and new launches amid robust growth in active ETFs.