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BNOV - Innovator S&P 500 Buffer ETF Nov


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Innovator S&P 500 Buffer ETF Nov logo

The Innovator S&P 500 Buffer ETF Nov (BNOV) is an exchange-traded fund that aims to provide investors with exposure to the S&P 500 Index while protecting against losses. The ETF is part of a series of Innovator ETFs that utilize an options strategy to provide downside protection.

The ETF works by investing in a portfolio of S&P 500 stocks, while simultaneously purchasing a series of put options that will provide downside protection in the event of a market downturn. The options have a set strike price, and if the S&P 500 falls below that price, the put options will increase in value and offset the losses in the stock portfolio.

The BNOV ETF has an expense ratio of 0.79% and was launched in November 2018. As of March 23, 2023, the ETF has net assets of approximately $120 million and a current yield of 1.31%. The ETF has returned 9.62% year-to-date and has an average annual return of 6.09% since inception.

Investors interested in the BNOV ETF should be aware that the options strategy used by the fund can result in lower returns in a rising market, as the cost of the put options reduces the amount of capital available for stock investments. Additionally, the fund's downside protection is not foolproof, and it is still subject to market risks and

 

 
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