DNOV FT Cboe Vest U.S. Equity Deep Buffer ETF - November
DNOV Fund Description
DNOV aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral.
DNOV Factset Analytics Insight
DNOV uses options in an effort to moderate losses on SPY ETF over a one-year period starting each November. The fund foregoes some upside return of SPY’s dividend as options are written on the price (not total) return version of the index. The fund provides a 5% coverage on SPY’s losses between 5%-30%, and a 25% coverage if the losses went beyond the buffer zone. In exchange for preventing realization of SPY’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 and uses flex options exclusively.
DNOV Summary Data
DNOV Portfolio Data
DNOV Index Data
DNOV Portfolio Management
DNOV Tax Exposures
DNOV Fund Structure
DNOV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DNOV. DNOV is rated a N/A out of 5.
DNOV Tradability
DNOV Sector/Industry Breakdown
DNOV
DNOV Top 10 Holdings
DNOV Performance Statistics
DNOV Benchmark Comparison Summary
DNOV
DNOV Benchmark Comparison Market Cap Size
DNOV
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use