LJANInnovator Premium Income 15 Buffer ETF - January
Seeks to provide a high level of income with a 15% buffer against SPDR S&P 500 ETF losses over the Outcome Period.
By Innovator ETFs · Launched 2023
0.79%
#4,215 of 5,861 · expensive
$12M
#4,783 of 5,861 · small
+5.5%
2 years
#3,280 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 100.4% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide a high level of income with a 15% buffer against SPDR S&P 500 ETF losses over the Outcome Period.
- Strategy
- Invests primarily in U.S. Treasuries and sells put FLEX Options on the SPDR S&P 500 ETF to generate income and provide a buffer against the first 15% of losses. The Defined Distribution Rate is set at 5.67% for the Outcome Period.
- Inception date
- December 29, 2023
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
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 2026-08-04