Does JANI have a cap?

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

How far can JANI fall before the buffer helps?

2.1% in fund-price terms on Oct 28, 2026, by the issuer's number. In index terms EFA can fall 2.8% from that level before the buffer begins. Losses until that point are the holder's.

How much of the JANI buffer is left?

15.0% of the 15.0% buffer sat below the EFA level on Oct 28, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

When does JANI reset?

The outcome period ends on Dec 31, 2026, 64 days from the data on Oct 28, 2026. New terms are set the next day and the buffer starts again.

The prospectus expense ratio is 0.79% a year.

JANI AllianzIM International Equity Buffer15 Uncapped ETF - Jan

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Share on X Download as PDF

$25.31

0.0% · 1 day, price

IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since Feb 1, 2026, JANI returned 1.4%, against EFA's 2.9% price return. It can fall 2.1% before its buffer.

Why did JANI return −1.7% against EFA’s 0.0%?How much of JANI’s cap and buffer is left?What does JANI cost to hold and to trade?

Absorbs the first 15% of loss on EFA and does not cap the gain, over a period ending Dec 31, 2026AllianzIM ↗Expense ratio 0.79%Fund assets $23m on Oct 27, 2026Benchmark EFAFund page at the issuer ↗SEC filings ↗Every AllianzIM fund ETFIQ covers

Promise check: Not measuredNo outcome period of its has finished in ETFIQ's record (snapshots from Sep 4, 2026).

Compare with…Trading costs Put to the committee askIQ about JANI Add to portfolio Flows Alerts

JANI risk and return scorecard

vs EFA · Feb 2026 to Oct 2026 · 36 weekly returns · dividend-adjusted

Short history · 8 months

JANI −1.7%, EFA 0.0%, Feb 2026 to Oct 2026, distributions reinvested.

36 weekly returns: annualized numbers and ratios need 52.

Return

MeasureJANIEFAEdge

Total return−1.7%0.0%EFA

Price return−1.7%−1.5%EFA

Risk

MeasureJANIEFAEdge

Max drawdown−7.3%−11.2%JANI

Alpha vs EFA

MeasureJANIEFAEdge

Beta to EFA0.661.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jul 31, 2026

Since Nov 2025

+$23.4m

askIQ: what do these flows mean? ↗

What you earned

JANI −1.3%, EFA price return −1.3%: total return over one month to Oct 28, 2026.

JANI

−1.3%

EFA

−1.3%

JANI −1.1%, EFA price return +0.3%: total return over three months to Oct 28, 2026.

JANI

−1.1%

EFA

+0.3%

JANI +1.8%, EFA price return +3.8%: total return over six months to Oct 28, 2026.

JANI

+1.8%

EFA

+3.8%

JANI +0.6%, EFA price return +2.2%: total return since launch to Oct 28, 2026.

JANI

+0.6%

EFA

+2.2%

askIQ: why did JANI return +0.6% against EFA’s +2.2%? ↗

Where does it stand in this outcome period?

Outcome period Feb 1, 2026 to Dec 31, 2026

uncapped

Can still gain from today’s fund price

Report

2.1%

Fall before the buffer from today’s fund price

as of Oct 27, 2026

Report

15.0%

Protection left, index points

Report

Days to reset

as of Oct 28, 2026

Report

askIQ: how much of JANI’s cap and buffer is left? ↗

More on JANI

Every number below is on this page. Open what you need.

Price since launch, Feb 2, 2026

$25.310.0%1 day, priceClose, Oct 28, 2026

−4%−2%0%2%4%Price +0.6%

Feb 2, 2026Oct 28, 2026

Price +0.6%

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

JANI returns by window: total return, cash paid and price change
Window	Total return	EFA price return	Gap to EFA
1M Sep 28 – Oct 28, 2026	−1.3%	−1.3%	0.0 pts
3M Jul 29 – Oct 28, 2026	−1.1%	+0.3%	−1.4 pts
6M Apr 29 – Oct 28, 2026	+1.8%	+3.8%	−2.0 pts
Since launch Feb 2 – Oct 28, 2026	+0.6%	+2.2%	−1.6 pts

Total returns, distributions reinvested. EFA's column is its price return, dividends left out: the basis the outcome period uses. Listed Feb 2026: no year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

No cap

JANI: reference +2.9% since period start, fund +1.4%; buffer 0 to −15; no cap; No cap. Data to Oct 28, 2026.

86.1

IQ Buffer ScoreETFIQ Downside Cover Scorejoint 23rd of 292 · Oct 28, 2026

0.2 · lowest of 292 buffer ETFs on stocks with a live outcome period99.8 · highest

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

JANI absorbs 75% of the next 20% fall in what it tracks.

share of a 20% fall the buffer absorbs75.0% · 86th pct

All 292 ranked by this score →

Money in and out

Monthly data · as of Jul 31, 2026

JANI: in the month to Jul 31, 2026, net $1.3m came in, by its SEC filing.

Since Nov 2025

+$23.4m

Nov 1, 2025 to Jul 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions JANI files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jul 2026. Every day and month ETFIQ holds for JANI, back to Nov 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare JANI with other funds in the flows tool

Month by month, money in and money outNov 2025 to Jul 2026

in, up to +$11m

out, down to −$1.3mNov 2025Jul 2026

JANI, money in and money out each month from Nov 2025 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from JANI’s SEC filings (N-PORT item B.6). Of the 9 months listed, money came in on net in 5 and went out in 1.

Every bar is from JANI’s SEC filings (N-PORT item B.6). Of the 9 months listed, money came in on net in 5 and went out in 1.

MonthInOutNet

Jul 2026 SEC Form N-PORT+$1.3m$0+$1.3m

Jun 2026 SEC Form N-PORT+$10.3m$0+$10.3m

May 2026 SEC Form N-PORT$0−$1.3m−$1.3m

Apr 2026 SEC Form N-PORT$0$0$0

Mar 2026 SEC Form N-PORT+$2.5m$0+$2.5m

Feb 2026 SEC Form N-PORT+$5.7m$0+$5.7m

Jan 2026 SEC Form N-PORT+$5.0m$0+$5.0m

Dec 2025 SEC Form N-PORT$0$0$0

Nov 2025 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jul 31, 2026. Updated when the fund files its next report.

JANI key stats

High since Feb 2, 2026, daily closes to Oct 28, 2026 (ETFIQ)$26.52 on Aug 13, 2026

Low since Feb 2, 2026, daily closes to Oct 28, 2026 (ETFIQ)$23.94 on Mar 20, 2026

Close on Oct 28, 2026, within that range (ETFIQ)$25.31, 53% of the way from the low to the high

Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 27, 2026

Trading · JANIas of Oct 27, 2026

Not scored1 of 6 measured · Oct 27, 2026

0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Cost for your order · one way, half its 30-day median spread

$1,000$1.600.16%

$10,000$160.16%

Premium or discount to NAV, Oct 27 close+0.32%

−0.5%95% of days within ±0.36% · the 1% band is off this scale+0.5%

How to tradeLimit: midpoint + 5¢ to buy, midpoint − 5¢ to sell.At the Oct 27 close of $25.32, that’s $25.37 to buy and $25.27 to sell.

Full trading page: components, premium history, dealers →

If the market falls into a bear market from here, how much does the buffer absorb?

Share of a 20% fall the buffer absorbs

0.0% to 97.0% across 292

That is the share of the 292 buffer ETFs on stocks with a live outcome period sitting at or below JANI.

Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Also against QBIF, EFA.

About JANI

Reference indexEFA

Buffer15%

Outcome periodFeb 1, 2026 to Dec 31, 2026

Starting capuncapped

EFA return since period start+2.9%

Fund return since period start+1.4%

Net assets (issuer page, as of Oct 27, 2026)$23mReport

Band state today (ETFIQ)Uncapped

Can still gain (issuer, fund price)uncapped

Fall before buffer (issuer, fund price)2.1%

Fall to the buffer in index terms (ETFIQ)2.8%

Protection left in index points (ETFIQ)15.0% of 15.0%

Days left in period64

Expense ratio (issuer page, Oct 28, 2026)0.79%Report

How we measure

Issuer-published data as of the date shown; ETFIQ calculations marked. Definitions on the learn page. Method

IQ Investment Committee on JANI

12 seats on JANI, as of Oct 28, 2026: 1 Mixed, 2 Challenges, 7 Not enough data, 2 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges

In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data

In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data

In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data

In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply

In the tradition ofRay DalioDalio-style All-WeatherNot enough data

In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data

In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply

In the tradition ofDavid SwensenSwensen-style DiversificationChallenges

In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data

In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed

Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data

Put JANI to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about JANI

Does JANI have a cap?: No. JANI takes a share of any further rise in EFA, so there is no ceiling on the upside this period.
How far can JANI fall before the buffer helps?: 2.1% in fund-price terms on Oct 28, 2026, by the issuer's number. In index terms EFA can fall 2.8% from that level before the buffer begins. Losses until that point are the holder's.
How much of the JANI buffer is left?: 15.0% of the 15.0% buffer sat below the EFA level on Oct 28, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does JANI reset?: The outcome period ends on Dec 31, 2026, 64 days from the data on Oct 28, 2026. New terms are set the next day and the buffer starts again.
What does JANI cost?: The prospectus expense ratio is 0.79% a year.

Sources and dates

Prices, JANI and EFA price returnTiingo end-of-day · Oct 28, 2026

Fee, 0.79%Issuer page · Oct 28, 2026

Net assets, $23mIssuer page · Oct 27, 2026

IssuerAllianzIM page for JANI ↗

IssuerAllianzIM product table ↗

All fund filingsProspectus filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →

Cite this pageCitation, APA and Markdown

ETFIQ, JANI, buffer ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/jani

The outcome band for JANI, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Buffer

The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.

Cap

The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.

Outcome period

The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.

Reset

The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.

Protection left

How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.

Full definitions: buffer ETFs vocabulary page. →

328th of 431 buffer ETFs by net assets→62nd of 431 buffer ETFs by how soon they reset→AllianzIM ETFs: Every Fund and Its Fee→What a buffer ETF delivers mid-period, August 2026→ETF News, Feb 2, 2026→

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JANI: JANI: reference +2.9% since period start, fund +1.4%; buffer 0 to −15; no cap; No cap. Data to Oct 28, 2026.

<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/jani"><img src="https://etfiq.com/assistant/api/embed/buffer/jani.svg" alt="JANI: JANI: reference +2.9% since period start, fund +1.4%; buffer 0 to −15; no cap; No cap. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">JANI: JANI: reference +2.9% since period start, fund +1.4%; buffer 0 to −15; no cap; No cap. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/jani">ETFIQ</a></figcaption>
</figure>

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