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PJAN ETF ANALYSIS

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PJAN ETF FUNDAMENTALS
PJAN ETF PERFORMANCE

PJAN ISSUER

The issuer of the Innovator S&P 500 Power Buffer ETF (PJAN) is Innovator Capital Management, LLC. Innovator Capital Management specializes in creating innovative exchange-traded funds (ETFs) that aim to provide investors with unique strategies for managing risk and achieving specific investment outcomes. PJAN is one such innovative ETF designed to offer investors a tailored approach to participating in the S&P 500 market while providing downside protection through its unique use of FLEX Options. Innovator Capital Management's commitment to offering innovative investment solutions has made them a notable player in the ETF industry, addressing the evolving needs of investors seeking alternative approaches to traditional investing.

PJAN DIVIDEND

The PJAN Dividend ETF, while primarily designed for capital growth, does offer dividend distributions to its investors. These distributions occur on a quarterly basis and are determined by the individual dividend policies and performances of the underlying companies within the ETF's portfolio. As PJAN focuses on a diverse range of companies, investors can expect potential capital appreciation in addition to modest dividend returns.

PJAN TRACKING

PJAN is designed to track the performance of the SPDR® S&P 500® ETF Trust through its unique strategy of investing in Flexible Exchange® Options (FLEX Options). These FLEX Options reference the SPDR® S&P 500® ETF Trust (the Underlying ETF), aiming to provide investors with specific outcomes based on the performance of the Underlying ETF's share price over an approximately one-year Outcome Period. The ETF primarily utilizes FLEX Options to create layers within its portfolio. It offers investors potential upside returns up to a predetermined cap while limiting downside losses through the use of put option contracts, providing a buffer against the first 15% of Underlying ETF losses for the Outcome Period. The Cap, set at the beginning of the Outcome Period, represents the maximum percentage return an investor can achieve from the ETF during that period, and it can change in subsequent Outcome Periods based on prevailing market conditions. It's important to note that the ETF's returns are not tied to dividends from the Underlying ETF, and it is not suitable for income-seeking investors. Additionally, the ETF's Net Asset Value (NAV) may not correlate directly with the Underlying ETF's share price on a day-to-day basis due to the mechanics of its strategy. The strategy is designed to produce outcomes upon the expiration of the FLEX Options on the last day of the Outcome Period. Therefore, investors must hold shares continuously throughout the Outcome Period to potentially realize the specified outcomes. As with any investment, there are risks, and there is no guarantee that the ETF will successfully achieve its investment objective. Investors should carefully consider these factors before investing in PJAN.

PJAN CORRELATION

The correlation aspect of the PJAN ETF plays a crucial role in understanding its behavior in relation to the SPDR S&P 500 ETF Trust (SPY), which is the underlying reference asset for PJAN. PJAN utilizes FLEX Options to customize its strategy based on the performance of SPY. This correlation is important for investors looking to achieve specific outcomes in their portfolios, balancing potential gains and losses. To study and analyze the correlation between PJAN and SPY, as well as other US ETFs, investors can use the ETF Insider web app, which provides deep and insightful data through simple visualization tools. This tool can help investors make informed decisions and manage risk effectively by understanding how PJAN's correlation with SPY and other assets impacts their investment strategies.

PJAN SECTOR

The Innovator S&P 500 Power Buffer ETF - January (PJAN) primarily invests in Flexible Exchange Options (FLEX Options) referencing the SPDR® S&P 500® ETF Trust (the Underlying ETF). These FLEX Options are designed with customizable terms, offering investors unique risk management opportunities. PJAN Sector focuses on generating returns based on the performance of the Underlying ETF, with a predefined cap that limits potential upside returns while also providing a buffer against the first 15% of losses, making it suitable for investors seeking to balance risk and return in their portfolios. It's important for investors to understand that PJAN Sector's strategy is distinct from traditional ETFs and may not be suitable for income-seeking investors due to its specific investment objectives and mechanics.

PJAN EXPOSURE

The specific exposure elements of the PJAN ETF are essential for investors aiming to understand its market, regional, and sector dynamics. For those seeking a comprehensive analysis of PJAN's exposure, the ETF insider web app is an invaluable tool. It offers deep insights into every US ETF, including PJAN, and its intuitive visualization tools effectively showcase overlaps, correlations, and other vital data points.

ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.

Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider goes deeper by examining the underlying holdings of exchange traded products.
By organizing and structuring that data, investors can easily navigate within their overlapping layers.

This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization that can quickly expose both portfolio inefficiencies and opportunities.

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FREQUENTLY ASKED QUESTIONS

Can you explain the correlation of PJAN with the U.S. equity market?
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How does PJAN provide exposure to the U.S. equity market?
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How does PJAN's dividend strategy compare to other funds like QQQ and IWM?
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What does PJAN mean on the stock market?
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ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.