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Beacon

JANJInnovator Premium Income 30 Barrier ETF - January

Grow my money2y track recordRanked #2,648 of 2,960 in this goal

Seeks to provide investors with high income through a Defined Distribution Rate of 5.82% and protection against losses experienced by the U.S. Equity Index up to a 30% Barrier.

By Innovator ETFs · Launched 2023

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$16M

#4,513 of 5,562 · small

Return (1Y)Goal

+5.9%

Track Record

2 years

#3,366 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,588+5.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

S&P 500 Price Return Index

What it actually holds

By weight

Concentration

Top 8 holdings = 100.1% of fundconcentrated

TREASURY BILL
98.8%
N/A
27.5%
TREASURY BILL
1.3%
TREASURY BILL
1.2%
TREASURY BILL
1.2%
US BANK MMDA - USBGFS 9
0.0%
N/A
-1.0%
N/A
-29.1%

Asset allocation

Bonds
99.8%
Cash
1.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.6%Low

Year-on-year price swings

Max drawdown
-5.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with high income through a Defined Distribution Rate of 5.82% and protection against losses experienced by the U.S. Equity Index up to a 30% Barrier.
Strategy
Actively managed ETF investing in U.S. Treasury bills and FLEX Options referencing the S&P 500 Price Return Index. Seeks to provide a Defined Distribution Rate of 5.82% over the Outcome Period, with a barrier against losses up to 30% of the U.S. Equity Index. Defined Distributions are generated from U.S. Treasuries and FLEX Options premiums, with payments made quarterly. The Fund does not provide a buffer against all losses, and investors may lose their entire investment prior to Defined Distribution payments.
Inception date
December 29, 2023
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19