Innovator U.S. Equity Buffer ETF

Frequently Asked Questions About BNOV

What does BNOV invest in?

This fund aims to replicate the performance of the SPDR S&P 500 ETF Trust (SPY), with returns subject to a predefined maximum gain. Concurrently, it offers protection against the initial 9% of losses experienced within a given outcome period. While suitable for indefinite holding, the fund's cap and buffer characteristics are recalibrated annually at the conclusion of each approximately year-long outcome period.

What is the expense ratio of BNOV?

Innovator U.S. Equity Buffer ETF (BNOV) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BNOV?

Innovator U.S. Equity Buffer ETF (BNOV) manages $209.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BNOV actively managed or an index fund?

BNOV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BNOV launched?

Innovator U.S. Equity Buffer ETF (BNOV) launched in November 2019 and is managed by Innovator.

How has BNOV performed?

BNOV's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.