Innovator Premium Income 20 Barrier ETF - January (JANH)

Innovator Premium Income 20 Barrier ETF - January is a defined outcome fund from Innovator ETFs designed to pay a high level of income while linking the return of principal to the performance of the S&P 500 over an annual outcome period that begins in January.

The fund holds Treasury securities and sells options tied to the S&P 500. Option premiums fund regular income distributions. If the index is down by no more than the 20% barrier at the end of the period, the fund aims to preserve principal; if it falls further, investors bear the full decline in the index. The fund does not participate in equity gains, and its outcomes apply to investors who hold for the full period.