DNOV
FT Vest U.S. Equity Deep Buffer ETF - November
📎 Investment Objective
The FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) seeks to provide investors with a buffer against losses in the U.S. equity market during a specified one-year period.
Overview
ETF tracking FT Vest U.S. Equity Deep Buffer ETF - November
Performance
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Investment Summary
📎 Investment Objective
The FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) seeks to provide investors with a buffer against losses in the U.S. equity market during a specified one-year period.
🎯 Investment Strategy
DNOV uses a defined outcome strategy, aiming to provide a buffer against the first 10-20% of losses in the S&P 500 Index over a one-year period. The fund invests in a portfolio of FT Cboe Vest S&P 500 Buffer Builder Strategy Index options contracts to achieve this objective.
✨ Key Features
- Defined outcome strategy with a buffer against initial losses in the S&P 500 Index
- One-year investment period with a new fund launched each November
- Expense ratio of 0.00%
- Low assets under management as a new fund
⚠️ Primary Risks
- Market risk: The fund's value will fluctuate with the U.S. equity market and may lose value
- Counterparty risk: The fund is exposed to the creditworthiness of the options contract issuers
- Liquidity risk: The fund's options contracts may have limited trading volume
- New fund risk: Limited performance history and asset base
👤 Best For
DNOV may be suitable for investors seeking downside protection in U.S. equities over a one-year time horizon, who are willing to forgo some upside potential in exchange for a buffer against initial losses. Investors should have a moderate risk tolerance and understand the fund's defined outcome strategy.