# JANZ (TrueShares Structured Outcome (January) ETF)

TrueShares · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, JANZ has no cap on its upside, and resets in 115 days.

## Key facts

- JANZ, can still gain: uncapped, as of Sep 11, 2026.
- JANZ, fall before the buffer: 8.3%, as of Sep 11, 2026.
- JANZ, protection left, index points: 10.0%, as of Sep 11, 2026.
- JANZ, days to reset: 115, as of Sep 11, 2026.
- JANZ, net assets: $41m (issuer page, as of Sep 11, 2026).
- JANZ, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPX | ETFIQ |
| Buffer | 10% | ETFIQ |
| Outcome period | Jan 1, 2026 to Dec 31, 2026 | ETFIQ |
| Starting cap | uncapped | ETFIQ |
| Estimated upside participation | 81.0% to 83.0% | ETFIQ |
| SPX return since period start | +11.8% | ETFIQ |
| Fund return since period start | +9.0% | ETFIQ |
| Net assets | $41m | issuer page, as of Sep 11, 2026 |
| Band state today | Uncapped | ETFIQ |
| Can still gain | uncapped | issuer, fund price |
| Fall before buffer | 8.3% | issuer, fund price |
| Fall to the buffer in index terms | 10.6% | ETFIQ |
| Protection left in index points | 10.0% of 10.0% | ETFIQ |
| Days left in period | 115 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### Does JANZ have a cap?

No. JANZ takes a share of any further rise in SPX, so there is no ceiling on the upside this period.

### How far can JANZ fall before the buffer helps?

8.3% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPX can fall 10.6% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the JANZ buffer is left?

10.0% of the 10.0% buffer sat below the SPX level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does JANZ reset?

The outcome period ends on Dec 31, 2026, 115 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does JANZ cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, JANZ, data as of Sep 11, 2026. https://etfiq.com/funds/JANZ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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