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Launched

Innovator U.S. Equity Power Buffer ETF - June

PJUNCboeB

$44.520.00 (0.00%)

As of Oct 13, 2026, 3:59 PM

B57/ 100

Rank 18 of 77 in S&P 500 Buffer 9-12%

B57/100Rank 18 of 77inS&P 500 Buffer 9-12%
Intraday session: flat, 52 prints from 44.52 to 44.52. Range 44.50 to 44.58. Use the arrow keys to read each point.44.5044.5444.5644.5810 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$888M
1Y total return
+9.1%
Yield · Last 12 months
—
Holdings
3
Avg volume · 30D
0.2M sh
NAV per share
$44.56
52W range
low $39.74high $47.56
Launched

The ETF.net PJUN Grade

Based on 4 of 6 pillars

B

Score 57 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
18 of 77
Six-pillar profile for PJUN. Scores out of 100: Cost 40, Risk 69, Mission not scored, Tradability 69, Holdings not scored, Durability 84. Strongest: Durability (84). Weakest: Cost (40). Based on 4 of 6 pillars.

Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C40 out of 100
    Rank 34 of 77

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B69 out of 100
    Rank 10 of 76

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B69 out of 100
    Rank 18 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 7 of 77

Our read on PJUN

ETF.net Research

BThe June rung on Innovator's buffer ladder. PJUN pairs SPY-linked equity exposure with a built-in downside cushion and, as the price of that cushion, a ceiling on the upside. Every June it resets and the terms start over.

Stated mandate

The fund seeks to match the performance of SPY up to a predetermined upside cap while buffering the first 9% of losses over the applicable outcome period.

Why people hold it

  1. 01Fee of 0.79% lands right at the median for its buffer-ETF cohort. You pay the going rate for the structure, not a premium.
  2. 02Among the easiest funds in its peer group to get in and out of, which matters when your entry date sets your terms.
  3. 03Live since 2019 and through many annual resets, with assets in the hundreds of millions. A seasoned version of a young idea.
  4. 04Sits in the top quartile of a crowded shallow-buffer cohort, one of the stronger implementations of the format.

Worth knowing

  1. 01The cushion is paid for with a cap. The ceiling is fixed at each June reset, and a roaring year in SPY gets clipped there.
  2. 02Buffer and cap are designed to land over a full outcome period. Buy mid-period and your actual cushion and ceiling differ from the headline terms.
  3. 03Cheaper buffered exposure exists in the same cohort, including laddered BUFB at 0.10% and ZALT at 0.69%. No cash distributions here either.

PJUN Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
3
Top-10 weight
103%
Largest holding
Spy 05/28/2027 7.56 C99.1%

Sectors

  • Technology40.1%
  • Financials11.3%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Spy 05/28/2027 7.56 C99.13%11,473$880M1
002—Spy 05/28/2027 756.48 P3.08%11,473$27M1
003—Us Bank Mmda - Usbgfs 9 09/01/20370.35%3,132,064$3M163

Showing 1–3 of 3 holdings

PJUN Performance

Launched Jun 3, 2019

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

Not enough history yet.
PJUN$10,914
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. PJUN $10,914. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 PJUN. Periods over one year show the average yearly return.
PeriodPJUN
Year to date+6.3%
1 month+1.2%
3 months+2.3%
1 year+9.1%
3 yearsper year+12.1%
5 yearsper year+7.3%
10 yearsFund is under 10 years oldper 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 PJUN
YearReturn barPJUN
2026 YTD+6.3%
2025+11.6%
2024+12.4%
2023+12.3%
2022−7.7%
2021+7.1%
2020+10.4%

PJUN in the news

Filtered to PJUN · S&P 500 Buffer 9-12%

PJUN Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

PJUN Risk

How much the fund’s monthly returns vary, scaled to a year.
5.6%
Annualised · 36 months to Sep 2026
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.
1.27
vs 3-month T-bills · to Sep 2026
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.
−12.5%
Trough Oct 2022
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.
0.39
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.

PJUN Cost

Expense ratio0.79%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

33 of the 77 S&P 500 Buffer 9-12% funds charge less.

PJUN costs $79.00 a year on $10,000. The median S&P 500 Buffer 9-12% fund costs $79.00.

Other funds in S&P 500 Buffer 9-12%

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