BNOV Innovator S&P 500 Buffer ETF - November
What is BNOV?
BNOV is an actively managed ETF designed to track the price return of the S&P 500 with capped gains and some buffering against losses over a predetermined period.
BNOV Factset Analytics Insight
BNOV uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each November. The fund foregoes some upside return as well as the S&P 500’s dividend component, because the options are written on the price (not total) return version of the index. In exchange for preventing realization of the first 9% of the S&P 500’s losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund’s expense ratio. The fund is actively managed, resets annually and uses listed options exclusively.
BNOV Summary Data
BNOV Portfolio Data
BNOV Index Data
BNOV Portfolio Management
BNOV Tax Exposures
BNOV Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BNOV. BNOV is rated a N/A out of 5.
BNOV Top 10 Holdings
BNOV Performance Statistics
BNOV Benchmark Comparison Summary
BNOV Benchmark Comparison Market Cap Size