KNOV
Innovator U.S. Small Cap Power Buffer ETF - November
📎 Investment Objective
The Innovator U.S. Small Cap Power Buffer ETF - November seeks to provide investors with returns that match the performance of the Russell 2000 Index, up to a predetermined cap, while providing a buffer against the first 15% of losses over the course of a one-year period.
Overview
ETF tracking Innovator U.S. Small Cap Power Buffer ETF - November
Performance
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Investment Summary
📎 Investment Objective
The Innovator U.S. Small Cap Power Buffer ETF - November seeks to provide investors with returns that match the performance of the Russell 2000 Index, up to a predetermined cap, while providing a buffer against the first 15% of losses over the course of a one-year period.
🎯 Investment Strategy
The ETF uses a defined outcome strategy, investing in a portfolio of FLexible EXchange (FLEX) options that are designed to provide the target upside exposure and downside buffer. The fund resets its parameters annually in November.
✨ Key Features
- Seeks to match the Russell 2000 Index performance up to a cap, with a 15% buffer against losses
- Resets parameters annually in November, providing a new one-year outcome period
- Expense ratio of 0.00%
- Low assets under management as a new fund
⚠️ Primary Risks
- Market risk: The fund's returns are tied to the performance of the Russell 2000 Index, and it will be subject to the same market fluctuations
- Capped upside: The fund's returns are capped at a predetermined level, limiting potential gains
- Buffer risk: The 15% buffer against losses may not be sufficient in severe market downturns
- Liquidity risk: As a new fund, the ETF may have lower trading volume and liquidity
👤 Best For
This ETF may be suitable for investors seeking small-cap equity exposure with a defined level of downside protection, who have a medium-term investment horizon and can tolerate the fund's capped upside potential.