GNOV
FT Vest U.S. Equity Moderate Buffer ETF - November
📎 Investment Objective
The FT Vest U.S. Equity Moderate Buffer ETF - November (GNOV) seeks to provide investors with a buffer against losses in the U.S. equity market, while still participating in some of the market's upside potential.
Overview
ETF tracking FT Vest U.S. Equity Moderate Buffer ETF - November
Performance
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Investment Summary
📎 Investment Objective
The FT Vest U.S. Equity Moderate Buffer ETF - November (GNOV) seeks to provide investors with a buffer against losses in the U.S. equity market, while still participating in some of the market's upside potential.
🎯 Investment Strategy
GNOV is a buffered ETF that aims to provide a level of protection against downside market movements. The fund invests in a portfolio of U.S. equities and uses options strategies to create a buffer against the first 10-15% of losses in the underlying equity index. This buffer resets annually in November.
✨ Key Features
- Seeks to provide a buffer against the first 10-15% of losses in the U.S. equity market
- Resets the buffer annually in November
- Participates in some of the upside potential of the U.S. equity market
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's value will fluctuate with the U.S. equity market
- Buffered loss risk: The fund's buffer against losses is limited to 10-15%, any losses beyond that are borne by investors
- Opportunity cost risk: The fund's participation in upside market movements is capped, limiting potential gains
- Liquidity risk: As a newer ETF, GNOV may have lower trading volume and liquidity
👤 Best For
GNOV may be suitable for investors seeking equity market exposure with a level of downside protection, particularly those with a moderate risk tolerance who are concerned about potential market declines. However, investors should understand the fund's limitations and tradeoffs compared to a traditional equity index fund.