The Innovator U.S. Equity Power Buffer ETF - January (PJAN) is a mutual fund that aims to provide investors with exposure to the U.S. equity market while also offering downside protection. This ETF utilizes a "buffer" strategy, which means it will absorb the first 15% of losses in the S&P 500 Index, providing a buffer against market downturns. This fund is specifically designed for the month of January, making it a short-term investment option for those looking to mitigate risk during a potentially volatile time in the market.
