ZJAN was created on 2025-01-02 by Innovator. The fund's investment portfolio concentrates primarily on downside hedge alternatives. ZJAN seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, with 100% downside hedge over a one year outcome period. The actively managed fund holds FLEX options to obtain exposure. The fund aims to outperform cash holdings.