About Innovator S&P 500 Power Buffer ETF - November (PNOV)

The Innovator S&P 500 Power Buffer ETF - November (PNOV) is an exchange-traded fund that aims to provide investors with a way to participate in the performance of the S&P 500 Index, while also offering a buffer against a certain percentage of potential losses. The ETF utilizes a strategy that seeks to track the performance of the S&P 500 Price Index, with a buffer of 15% on the downside. This means that if the S&P 500 Index falls by up to 15%, the fund will absorb any losses, up to that buffer level. However, if the index falls by more than 15%, investors will be exposed to the full extent of the decline.

The Innovator S&P 500 Power Buffer ETF - November (PNOV) has a unique structure in that it resets annually. This means that at the start of each November, the buffer level is set at 15% of the index's value at that time. The buffer level remains in effect for the entire year, protecting investors from the first 15% of losses. This reset feature allows investors to potentially participate in the gains of the market while still having downside protection.