UNOVInnovator S&P 500 Ultra Buffer ETF - November
UNOV Fund Description
UNOV 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.
UNOV Factset Analytics Insight
UNOV 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 30% 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.
UNOV Summary Data
UNOV Portfolio Data
UNOV Index Data
UNOV Portfolio Management
UNOV Tax Exposures
UNOV Fund Structure
UNOV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UNOV. UNOV is rated a N/A out of 5.
UNOV Top 10 Holdings
UNOV Economic Development
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UNOV Benchmark Comparison Summary
UNOV Benchmark Comparison Market Cap Size