ZNOV Price Forecast & ETF Analysis. Dividend · Expense Ratio · Holdings · NAV · RSI · MACD | US Stocks Today

Innovator Equity Defined Protection ETF - 1 Yr NovemberZNOV | CBOE | Buffered Deep dive

The Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") on the SPDR S&P 500 ETF Trust (the "Underlying ETF"). FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The Fund uses FLEX Options to employ a "defined outcome strategy." Defined outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund, which include the buffer and cap discussed below ("Outcomes"), are based upon the performance of the Underlying ETF over an approximately one-year period from November 1 through October 31 of the following year (the "Outcome Period"). The initial Outcome Period is from November 1, 2024 through October 31, 2025. The Fund's strategy has been specifically designed to produce the Outcomes based upon the performance of the Underlying ETF's share price (or its "price return") at the outset to the conclusion of the Outcome Period.