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PJUN

GradeBChicago Board Options Exchange

Innovator U.S. Equity Power Buffer ETF - June

Buffered · Innovator · Inception 2019-06-03

$44.17−0.06 (−0.12%)

As of Sep 23, 2026, 2:16 PM EDT

Intraday session: down, 50 prints from 44.23 to 44.17. Range 44.10 to 44.30. Use the arrow keys to read each point.$44.10$44.15$44.20$44.25$44.3010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$879M
1Y return
+7.9%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0.2M sh
NAV per share
$43.95
52W range
low $39.74high $47.56

The ETF.net PJUN Grade

B

55/ 100

Rank 23 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for PJUN. Scores out of 100: Cost 40, Risk 70, Mission not scored, Tradability 63, Holdings not scored, Durability 84. Strongest: Durability (84). Weakest: Cost (40). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B 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.
    CScore 40
    Category rank57/77 · mid-pack

  • 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.
    AScore 70
    Category rank9/73 · top 12%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 63
    Category rank23/77 · top 30%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 84
    Category rank8/77 · top 10%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

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 Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
103%
Largest holding
SPY 05/28/2027 7.56 C99.2%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPY 05/28/2027 7.56 C99.21%11,522$879M1
002—SPY 05/28/2027 756.48 P3.37%11,522$30M1
003—US BANK MMDA - USBGFS 9 09/01/20370.30%2,687,463$3M161

Showing 1–3 of 3 holdings

PJUN Performance

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

PJUN$10,786
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PJUN $10,786. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 PJUN. Periods over one year show the average yearly return.
PeriodPJUN
Year to date+5.8%
1 month+0.9%
3 months+2.6%
1 year+7.9%
3 years+12.1%per year
5 years+7.2%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 PJUN
YearReturn barPJUN
2026 YTD+5.8%
2025+11.6%
2024+12.4%
2023+12.3%
2022−7.7%
2021+7.1%
2020+10.4%

PJUN in the news

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

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.
5.8%
Annualised · 36 months to Aug 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.
1.09
vs 3-month T-bills · to Aug 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.