ATLASInnovator U.S. Equity Power Buffer ETF - January (PJAN): outlook, holdings and fees
Innovator U.S. Equity Power Buffer ETF - January (PJAN) is an exchange-traded fund and is managed by Innovator ETFs. The expense ratio is 0.77% and the yield is 0.00%. The ten largest holdings are 124% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PJAN
| Last price | $50.84 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 65% |
| Likely 1-month range (50%) | $50.60 – $51.66 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 0.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PJAN fund facts
| Issuer | Innovator ETFs |
|---|---|
| Theme | Buffered (defined outcome) |
| Assets under management | $1.4B |
| Expense ratio | 0.77% |
| Number of holdings | 5 |
| Portfolio turnover | 0% |
| Inception | Dec 31, 2018 |
| Exchange | CBOE |
The fund has adopted a policy pursuant to Rule 35d-1 under the 1940 Act to invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the State Street® SPDR® S&P 500® ETF Trust. The fund is non-diversified.
PJAN top holdings
| Holding | Sector | Weight |
|---|---|---|
| Spy 12/31/2021 2.99 C | – | 111.36% |
| Spy 12/31/2021 410.33 C | – | 7.44% |
| Option On Spdr® S&P 500 Etf Trust Dec22 | – | 2.60% |
| Spy 12/31/2021 373.88 P | – | 1.92% |
| Spy 12/31/2021 317.8 P | – | 0.75% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PJAN sector breakdown
| Sector | Weight |
|---|---|
| Technology | 39.9% |
| Financial Services | 11.5% |
| Communication Services | 9.7% |
| Healthcare | 9.3% |
| Consumer Cyclicals | 9.2% |
| Industrials | 7.6% |
| Consumer Defensive | 4.2% |
| Energy | 3.6% |
| Utilities | 1.9% |
| Real Estate | 1.8% |
| Basic Materials | 1.5% |
By region: North America 99.5%, Europe Developed 0.3%.
PJAN returns and risk
| Year to date | +8.7% |
|---|---|
| 1 year | +12.2% |
| 3 years (annualised) | +13.7% |
| 5 years (annualised) | +9.5% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 6.7% |
| Sharpe ratio (3 years) | 1.36 |
Past returns do not guarantee future results.
PJAN: frequently asked questions
What does PJAN invest in?
Innovator U.S. Equity Power Buffer ETF - January invests in a portfolio of securities. Its largest holdings are Spy 12/31/2021 2.99 C (111.4%), Spy 12/31/2021 410.33 C (7.4%), Option On Spdr® S&P 500 Etf Trust Dec22 (2.6%), Spy 12/31/2021 373.88 P (1.9%), Spy 12/31/2021 317.8 P (0.8%).
What is the PJAN expense ratio?
0.77% a year: about $77.00 for every $10,000 invested.
What is the PJAN dividend yield?
0.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will PJAN go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 65%, with a likely range (50%) of $50.60 to $51.66 from $50.84 today. It is a probability, not a prediction.
How has PJAN performed?
Year to date +8.7%, one year +12.2%, three years +13.7% a year, five years +9.5% a year. Past returns do not guarantee future results.
Similar ETFs: Buffered (defined outcome)
- FT Vest Laddered Buffer ETF (BUFR)
- Innovator Defined Wealth Shield ETF (BALT)
- FT Vest Laddered Deep Buffer ETF (BUFD)
- FT Vest Laddered Nasdaq Buffer ETF (BUFQ)
- Innovator U.S. Equity Power Buffer ETF - September (PSEP)
- FT Vest Laddered Moderate Buffer ETF (BUFZ)
- Innovator Laddered Allocation Buffer ETF (BUFF)
- Innovator U.S. Equity Power Buffer ETF - October (POCT)
Educational information, not investment advice. Disclaimer