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JANI

GradeCChicago Board Options Exchange

AllianzIM International Equity Buffer15 Uncapped Jan ETF

Buffered · AllianzIM · Inception 2026-01-30 · SEC filings

$25.96+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Feb 2, 2026.History starts Feb 2, 2026.
Intraday session: up, 11 prints from 25.71 to 25.96. Range 25.71 to 25.96. Use the arrow keys to read each point.$25.70$25.80$25.90Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.79%
Fund size
$24M
1Y return
—
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$25.83
52W range
low $23.94high $26.64

The ETF.net JANI Grade

C

41/ 100

Rank 18 of 26 in Developed International Buffer 15%⁠

Confidence Medium

Six-pillar profile for JANI. Scores out of 100: Cost 68, Risk 4, Mission not scored, Tradability 24, Holdings 60, Durability 43. Strongest: Cost (68). Weakest: Risk (4). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 68
    Category rank9/26 · top 35%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 4
    Category rank23/23 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank19/26 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 60
    Category rank5/9 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank18/26 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on JANI

ETF.net Research

CMost buffer ETFs cap your upside. JANI swaps the cap for a spread: it buffers the first 15% of losses on developed-market stocks, then participates in whatever the reference ETF returns above a set hurdle, with no ceiling on top.

Stated mandate

At the end of the current Outcome Period, the Fund seeks returns above the Spread when the iShares MSCI EAFE ETF has positive returns exceeding the Spread, while buffering its first 15% of losses.

Why people hold it

  1. 01No cap. Once the reference ETF clears the spread, JANI is designed to keep participating, unlike buffer funds that stop at a stated ceiling.
  2. 020.79% expense ratio, below the 0.85% charged by the Innovator international buffer funds (IJUL, IMAR, IAPR) it competes with.
  3. 03Points the buffer at developed international equities, keyed to the iShares MSCI EAFE ETF, rather than the crowded S&P 500 version of this trade.
  4. 04Standard 1940 Act fund structure holding an options basket on the reference ETF, not a note backed by a bank's credit.

Worth knowing

  1. 01The spread is the price of no cap: gains below that hurdle don't reach you, so a mildly positive year for EAFE can land close to flat.
  2. 02The 15% buffer is measured across the full outcome period. Buy in mid-period and your actual cushion and upside differ from the headline terms.
  3. 03Launched in 2026, small and thinly traded so far, which can widen bid-ask spreads. It hasn't paid distributions.

JANI Holdings

As of Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
4
Top-10 weight
100%
Largest holding
4EFA 261231C0000327098.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014EFA 261231C00003270EFA 12/31/2026 3.27 C98.34%2,302$24M1
0024EFA 261231P00103260EFA 12/31/2026 103.26 P2.01%2,302$480K1

Showing 1–2 of 2 holdings

JANI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

JANI$10,039
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. JANI $10,039. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JANI. Periods over one year show the average yearly return.
PeriodJANI
Year to dateFund launched this year—
1 month−1.7%
3 months+0.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JANI
YearReturn barJANI
2026 YTD+3.2%

History from Feb 2, 2026

JANI in the news

ETF.net Research hasn’t filed on JANI yet — coverage lands here as it’s written.

JANI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

JANI Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.46
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

JANI Cost

Expense ratio0.79%
  • The middle half of Developed International Buffer 15% funds
  • Median 0.85%

7 of the 26 Developed International Buffer 15% funds charge less.

JANI costs $79.00 a year on $10,000. The median Developed International Buffer 15% fund costs $85.00.