Innovator U.S. Equity Buffer ETF - January (BJAN)

BJAN is an exchange-traded fund (ETF) managed by Innovator Capital Management. The ETF seeks to track the performance of the S&P 500 Price Index, while providing investors with a level of downside protection through a buffer strategy.

The ETF uses a structured investment strategy that seeks to protect against the first 15% of losses in the S&P 500 index while still allowing for potential gains up to a cap. This means that if the S&P 500 index falls up to 15%, the ETF should absorb the losses and protect the investor's capital. However, if the index falls more than 15%, the ETF will experience losses, but those losses will be limited to the buffer amount.

The fund's top holdings included large-cap companies such as Apple, Microsoft, Amazon, and Facebook.

The ETF's buffer strategy has helped to limit losses during market downturns, which may make it a suitable option for investors seeking some downside protection while still participating in market gains.