LJAN ETF — Innovator Premium Income 15 Buffer ETF - January

Innovator Premium Income 15 Buffer ETF - January (LJAN)

LJAN is an ETF. As of August 19, 2026, its distribution rate is 4.85%, its trailing-12-month yield is 4.93%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 83/100 (Safe). Fund total return is 15.2% over the past 2.6 years, 52.1 points behind SPY at 67.3%.

At the current 4.85% distribution rate, a $10,000 investment would generate approximately $485 per year, or $40.42 per month on an equivalent basis.

Innovator Premium Income 15 Buffer ETF - January is an actively managed ETF that invests in U.S. Treasury bills and flexible exchange options on the SPDR S&P 500 ETF Trust to generate income through an options-based strategy. The fund distributes income monthly at a current high distribution rate, carries an expense ratio of 0.79%, and maintains a modest asset base. This ETF appeals to income-focused investors seeking enhanced yields through options strategies, though the non-diversified structure and options overlay introduce corresponding complexity and risk.

LJAN performance versus SPY

Data as of August 19, 2026.

Fund total return is 15.2% over the past 2.6 years, 52.1 points behind SPY at 67.3%. Its deepest 1-year drawdown was 1.8%.

LJAN key facts

Data as of August 19, 2026.

Distribution Safety Score™

83 · Safe

Safety-Adjusted Yield

4.03%

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Fixed Income

Inception date

12/29/2023

Expense ratio

0.79%

Distribution rate

4.85%

Distribution frequency

Monthly

Trailing yield

4.93%

Last close

$24.75

AUM

$12,384,048

Average volume

142.0

Last dividend

$0.1000

Ex-dividend date

07/31/2026

Beta

0.1448

How Dividend Vision calculates yield and returns

Distribution rate (4.85%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.93%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Innovator ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LJAN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.8%.

Who may consider LJAN — and who may not

LJAN may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Innovator ETFs.