ETF Report: Innovator International Developed Power Buffer ETF January (IJAN)

What this ETF is trying to do

The Innovator International Developed Power Buffer ETF January (ticker: IJAN) is an exchange-traded fund listed on the NYSE. While the specific strategy details are not provided in the data, buffer ETFs generally aim to provide a level of protection against market drops while still allowing for some growth.

What the numbers show

The current price of IJAN is $38.92. Looking back at history, we can look at an estimated price from roughly one year ago, which was approximately $34.48.

When looking at how the share price has moved, we see different measurements:

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 7.63% since the start of the year.

• One-Year Price Return: Over the last year, the share price grew by approximately 12.88%.

• Three-Year Price Return: Over the last three years, the share price grew by approximately 34.30%.

Because the total return data supplied matches the price return data exactly (for example, a one-year total return of 12.88%), it shows that the overall return includes the movement of the share price.

Income and distribution explanation

Some investors look for ETFs that pay out regular cash, known as distributions. For IJAN, the distribution yield is 0%. The data shows no distributions were detected over the last 12 months. This means the fund has not been providing cash income to shareholders during this period.

NAV erosion explanation

"NAV" stands for Net Asset Value, which is the actual value of the assets held by the fund. "NAV erosion" happens when the value of those underlying assets drops significantly over time.

For IJAN, the erosion-risk score is 100, and the label is "No price erosion detected." The erosion severity is described as "good," and there is no severe erosion-risk flag. This suggests that the fund's share price movement has not shown signs of the type of deterioration that typically signals high erosion risk.

Pros

• The ETF has shown positive price returns over the one-year and three-year periods.

• There are no indicators of significant erosion risk in the current data.

Cons

• This ETF does not currently provide cash distributions or a distribution yield based on the supplied data.

• No top holdings were listed in the provided data, so the specific companies held by the fund are unknown from this report.

Beginner takeaway

IJAN has experienced share-price growth over the last year and three years. It is important to remember that price return only measures how much the share price changes. Total return is a more complete picture because it includes both price changes and any distributions. In this specific case, since there were no distributions, the price return and total return are the same.