Innovator U.S. Equity Power Buffer ETF

Frequently Asked Questions About PNOV

What does PNOV invest in?

This Innovator ETF aims to replicate the performance of the SPDR S&P 500 ETF Trust (SPY), subject to a predetermined maximum gain. Concurrently, it shields investors from the first 15% of any potential losses over its designated outcome period. While the fund can be held for an extended duration, its investment features refresh annually at the close of each outcome period.

What is the expense ratio of PNOV?

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

How big is PNOV?

Innovator U.S. Equity Power Buffer ETF (PNOV) manages $885.1M 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 PNOV actively managed or an index fund?

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

When was PNOV launched?

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

How has PNOV performed?

PNOV'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.