PNOVInnovator S&P 500 Power Buffer ETF - November
PNOV Fund Description
PNOV aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.
PNOV Factset Analytics Insight
PNOV 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 15% 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.
PNOV Summary Data
PNOV Portfolio Data
PNOV Index Data
PNOV Portfolio Management
PNOV Tax Exposures
PNOV Fund Structure
PNOV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PNOV. PNOV is rated a N/A out of 5.
PNOV Top 10 Holdings
PNOV Economic Development
PNOV Performance Statistics
PNOV Benchmark Comparison Summary
PNOV Benchmark Comparison Market Cap Size