PNOV

📎 Investment Objective

The Innovator U.S. Equity Power Buffer ETF - November seeks to provide investors with returns that match those of the S&P 500 Index, up to a predetermined cap, while providing a level of downside protection against losses of up to 15% over a one-year period.

✨ Key Features

• Provides a 15% buffer against losses in the S&P 500 Index over a 1-year period
• Caps upside participation at a predetermined level, typically around 15-20%
• Resets parameters annually in November to maintain consistent risk/return profile
• Designed for investors seeking equity market exposure with defined downside protection

⚠️ Primary Risks

• Market risk: The fund's returns are tied to the performance of the S&P 500 Index, and it will be subject to the same market fluctuations
• Capped upside potential: Investors forgo gains above the predetermined cap in exchange for the downside buffer
• Holding period risk: The fund is designed for a 1-year outcome period, and its effectiveness may be limited for investors with shorter or longer time horizons
• Counterparty risk: The fund's options-based strategy exposes it to the creditworthiness of its counterparties

👤 Best For

The Innovator U.S. Equity Power Buffer ETF - November is best suited for investors with a moderate risk tolerance who are seeking equity market exposure with a defined level of downside protection over a 1-year time horizon. It may be particularly appealing to those nearing retirement or with a lower risk appetite.