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.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BNOV 1.26% 0.29% -7.81% -6.21% 5.02% -- --
BNOV (NAV) 1.41% 0.05% -7.58% -6.18% 5.10% -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 1.18% -1.89% -17.19% -15.47% 9.67% 10.62% 13.04%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

Innovator
11/01/19
0.79%
$128.98M
No Underlying Index
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

+$0.00B 5 Days
+$0.06B 30 Days
+$0.06B 90 Days

BNOV Portfolio Data

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N/A
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BNOV Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

BNOV Portfolio Management

0.79%
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BNOV Tax Exposures

20.00% / 39.60%
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Ordinary income
No

BNOV Fund Structure

Open-Ended Fund
Yes
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/30/22

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 Tradability

72,286
$2.15M
22,660
$683.00K
0.21%
$0.06
-0.03%
0.38% / -0.49%
None
100.00%
25,000
0.91
0.03%
--
0
$30.37
N/A

BNOV Top 10 Holdings

99.81%
0.19%
100.00%

BNOV Performance Statistics

0.97
0.72
0.75
0.71
0.45%
MSCI USA Large Cap Index

BNOV Benchmark Comparison Holdings

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BNOV Benchmark Comparison Summary

BNOV Segment
Benchmark
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BNOV Benchmark Comparison Market Cap Size

BNOV Segment
Benchmark
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