UNOV

📎 Investment Objective

The Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) seeks to provide investors with returns that match those of the S&P 500 Index, up to a predetermined cap, while providing a buffer against the first 5-15% of losses over the course of an outcome period.

✨ Key Features

• Seeks to match the S&P 500 Index returns up to a cap, with a 5-15% buffer against losses
• Resets options portfolio annually in November to maintain the specified outcome period
• Designed to provide a defined outcome profile over a 1-year period
• Expense ratio of 0.00%

⚠️ Primary Risks

• Market risk - The fund's returns are tied to the performance of the S&P 500 Index and may decline in a market downturn
• Capped upside - The fund's returns are capped at a predetermined level, limiting participation in strong market rallies
• Outcome period risk - The defined outcome parameters only apply at the end of the 1-year outcome period
• Liquidity risk - The fund's options-based strategy may result in lower liquidity compared to traditional equity funds

👤 Best For

UNOV may be suitable for investors seeking equity market exposure with a defined downside buffer, who have a medium-term investment horizon and can tolerate the fund's capped upside potential and other risks.