At a glance
IJUN charges 0.85% a year, below the 0.86% average of the 7 funds most like it (the 3rd cheapest of 8). It has $79.6M in assets, the 8th largest of that group. Over the past year it returned +8.6% with distributions reinvested (S&P 500: +11.5%), the weakest of those 8 funds.
The short version
Innovator International Developed Power Buffer ETF – June (IJUN) holds FLEX options on the iShares MSCI EAFE ETF, which tracks large and mid-size companies in developed markets outside the US and Canada. Over each one-year outcome period starting in June, it aims to absorb the first 15% of that fund's losses in exchange for capped gains. For June 1, 2025 to May 31, 2026, the cap was 14.55% before fees. Its 0.85% expense ratio is close to the 0.86% average for similar buffer funds.
Price history
The interactive chart needs JavaScript.
IJUN +8.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| IJUN official prospectus, to Dec 31, 2024 | — | +18.69% | — | — | — | +9.93% |
| IJUN price data to Oct 27, 2026 | +7.0% | +8.6% | — | — | — | +9.4% |
- Over the year to Oct 27, 2026, IJUN returned +8.6%, 8th of 8 among similar funds.
- Its worst full calendar year was 2025 (+18.7%); its best was 2025 (+18.7%).
- The deepest fall in its price history was 7.3% (Mar 19, 2025 to Apr 8, 2025), recovered by May 2, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +7.0% | — |
| 2025 | +18.7% | +18.69% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
What's inside
As of Jul 31, 2026, the fund held 0 securities; the ten largest made up 0% of assets.
| Holding | Weight |
|---|
By country
By asset type
What changed recently
- Over the three months to Jul 31, 2026, investors added a net $33.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.73%, +0.08%, +1.44%.
How it works
IJUN does not buy stocks directly. It holds FLEX options, which are exchange-traded options with custom terms, on the iShares MSCI EAFE ETF. That ETF tracks the MSCI EAFE Index, which weights companies by the market value of shares available to trade. As of July 31, 2026, four option positions made up about 99.8% of the fund and cash was 0.29%. Innovator Capital Management is the adviser and Milliman Financial Risk Management is the sub-adviser.
The options are set on the first day of each one-year outcome period. For June 1, 2025 to May 31, 2026, the cap was 14.55% before fees, or 13.70% after the 0.85% fee. The buffer covered the first 15% of losses in the underlying ETF, or 14.15% after the fee. Holders take any losses beyond 15% one for one. In the prospectus table, a 20% drop in the underlying ETF means a 5% fund loss and a 50% drop means a 35% loss, before fees. When a period ends, the options are cashed out and new ones expiring in about a year are bought, which resets the cap and buffer. The fund posts updated figures daily at innovatoretfs.com/ijun.
These outcomes apply only to shares held for the whole period, and they are measured at net asset value (NAV), the per-share value of the fund's holdings. Someone who buys or sells partway through can get very different results, and the market price of the shares can differ from NAV. The fund is also classed as non-diversified.
What it really costs
- IJUN charges 0.85% a year, versus an average of 0.86% for the similar funds below (3rd of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $87 in the first year and $1,049 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| IJUN | $87 | $271 | $471 | $1,049 |
Structure and tax notes
- Uses options to limit losses within a range (the buffer) in exchange for a cap on gains over each outcome period; results depend on when you buy relative to the period start.
In a retirement portfolio
It gives up part of the upside of international developed-market stocks in exchange for a buffer against the first 15% of losses over each one-year outcome period.
IJUN launched on June 3, 2024, so it has no record through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its deepest drop was 7.3%, from March 19 to April 8, 2025, and it was back to its prior high by May 2, 2025, in under a month. Its only full calendar year, 2025, returned 18.69%. Volatility was 8.2% and beta was 0.5 over the year to October 27, 2026. A beta of 0.5 means the fund moved about half as much as the market. The buffer applies in full only at the end of an outcome period, so someone who has to sell in the middle of a bad year may get less protection than the full 15%.
The fund has recorded no distributions, so it does not provide income. It costs 0.85% a year, or $87 in the first year on $10,000 in the SEC's standard example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want exposure to international developed-market stocks through the iShares MSCI EAFE ETF, with a cushion against the first 15% of losses each June-to-May period.
- Buyers who can buy near the start of an outcome period and hold for the full year, which is when the stated cap and buffer apply.
- People who accept capped gains in exchange for smaller swings. The cap was 14.55% before fees for June 2025 to May 2026, and one-year volatility was 8.2%.
Look elsewhere if
- Investors who need income: the fund has recorded no distributions.
- Investors who want the full upside of stocks: IJUN's 8.6% one-year return to October 27, 2026 ranked last of eight similar buffer funds.
- Those who prefer large, established funds: net assets were about $79.6 million on July 31, 2026, the smallest of eight peers, with history only from June 2024.
Close alternatives
Matched by other buffer (defined-outcome) funds, largest first.
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| IJUN this fund | 0.85% | $79.6M | +8.6% | — |
| BUFR FT Vest Laddered Buffer ETF | 0.95% | $10.49B | +11.6% | +16.8% |
| BUFD FT Vest Laddered Deep Buffer ETF | 0.95% | $2.04B | +9.5% | +13.9% |
| PJAN Innovator U.S. Equity Power Buffer ETF - Ja… | 0.79% | $1.44B | +10.5% | +14.8% |
| PDEC Innovator U.S. Equity Power Buffer ETF - De… | 0.79% | $984.1M | +11.6% | +14.9% |
| FDEC FT Vest US Equity Buffer ETF - December | 0.85% | $1.31B | +12.9% | +18.5% |
| FJAN FT Vest US Equity Buffer ETF - January | 0.85% | $1.47B | +12.3% | +17.4% |
| FFEB FT Vest U.S. Equity Buffer Fund - February | 0.85% | $1.42B | +12.9% | +18.6% |
Questions investors ask
Does IJUN pay dividends?
No. The fund has recorded no distributions. IJUN holds FLEX options on the iShares MSCI EAFE ETF rather than owning the stocks directly. Its return comes from changes in the value of those options over each outcome period, within the cap and buffer. Anyone who wants regular income from international stocks would need to look at funds that pay distributions. A buffer fund like this one is built to limit losses, not to produce income.
How does the IJUN buffer work?
IJUN aims to absorb the first 15% of losses in the iShares MSCI EAFE ETF over a one-year outcome period, or 14.15% after its 0.85% fee. In return, gains are capped. For June 1, 2025 to May 31, 2026, the cap was 14.55% before fees. Losses beyond 15% pass through one for one. The prospectus shows that a 20% drop in the underlying ETF means a 5% fund loss, before fees. The cap and buffer reset each June.
What happens if I buy IJUN in the middle of the outcome period?
You may get results quite different from the stated cap and buffer. The fund promises those outcomes, measured at net asset value, only to shareholders who hold from the first day of a period to the last. If the underlying ETF has already risen, less upside may be left before the cap. If it has already fallen, part of the buffer may be used up. The fund's website, innovatoretfs.com/ijun, updates these figures daily.
What's the difference between IJUN and PJAN?
Both are Innovator Power Buffer ETFs, but they cover different markets. IJUN uses options on the iShares MSCI EAFE ETF, which holds developed-market stocks outside the US and Canada, and resets each June. PJAN covers US stocks and resets each January. PJAN costs 0.79% a year against IJUN's 0.85%, and it is much larger: $1.44 billion against $79.6 million, as of July 31, 2026. Over one year to October 27, 2026, PJAN returned 10.5% and IJUN returned 8.6%.
How much does IJUN cost compared with other buffer ETFs?
IJUN charges 0.85% a year. That is close to the 0.86% average of seven similar buffer funds and ranks third-lowest of eight. FT Vest's laddered BUFR and BUFD charge 0.95%, and Innovator's PJAN and PDEC charge 0.79%. In the SEC's standard example of $10,000 earning 5% a year, IJUN's costs would total $87 after one year, $471 after five years and $1,049 after ten years.