ATLASInnovator U.S. Equity Power Buffer ETF - November (PNOV): outlook, holdings and fees
Innovator U.S. Equity Power Buffer ETF - November (PNOV) is an exchange-traded fund and is managed by Innovator ETFs. The expense ratio is 0.79% and the yield is 0.00%. The ten largest holdings are 3% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PNOV
| Last price | $45.70 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 60% |
| Likely 1-month range (50%) | $45.29 – $46.62 |
| Normal 1-day range (±1σ) | ±0.5% |
| Distribution yield | 0.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PNOV fund facts
| Issuer | Innovator ETFs |
|---|---|
| Theme | Buffered (defined outcome) |
| Assets under management | $838M |
| Expense ratio | 0.79% |
| Number of holdings | 3 |
| Portfolio turnover | 0% |
| Inception | Oct 31, 2019 |
| Exchange | CBOE |
The fund invests under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the SPDR ® S&P 500 ® ETF Trust (the "Underlying ETF"). FLEX Options are exchange-traded option contracts with uniquely customizable terms. -null-. It is non-diversified.
PNOV top holdings
| Holding | Sector | Weight |
|---|---|---|
| Option On Spdr® S&P 500 Etf Trust Oct22 | – | 2.93% |
| Option on CBOE Mini-Spx Index Xsp | – | 0.14% |
| Option on S&P 500 PR | – | 0.14% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PNOV sector breakdown
| Sector | Weight |
|---|---|
| Technology | 39.2% |
| Financial Services | 11.1% |
| Communication Services | 10.1% |
| Healthcare | 9.3% |
| Consumer Cyclicals | 9.1% |
| Industrials | 7.8% |
| Consumer Defensive | 4.6% |
| Energy | 3.5% |
| Utilities | 2.0% |
| Real Estate | 1.8% |
| Basic Materials | 1.5% |
By region: North America 99.5%, Europe Developed 0.3%, Asia Emerging 0.1%.
PNOV returns and risk
| Year to date | +10.9% |
|---|---|
| 1 year | +13.2% |
| 3 years (annualised) | +11.6% |
| 5 years (annualised) | +8.7% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 5.8% |
| Sharpe ratio (3 years) | 1.06 |
Past returns do not guarantee future results.
PNOV: frequently asked questions
What does PNOV invest in?
Innovator U.S. Equity Power Buffer ETF - November invests in a portfolio of securities. Its largest holdings are Option On Spdr® S&P 500 Etf Trust Oct22 (2.9%), Option on CBOE Mini-Spx Index Xsp (0.1%), Option on S&P 500 PR (0.1%).
What is the PNOV expense ratio?
0.79% a year: about $79.00 for every $10,000 invested.
What is the PNOV dividend yield?
0.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will PNOV go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 60%, with a likely range (50%) of $45.29 to $46.62 from $45.70 today. It is a probability, not a prediction.
How has PNOV performed?
Year to date +10.9%, one year +13.2%, three years +11.6% a year, five years +8.7% a year. Past returns do not guarantee future results.
Similar ETFs: Buffered (defined outcome)
- FT Vest Laddered Buffer ETF (BUFR)
- Innovator Defined Wealth Shield ETF (BALT)
- FT Vest Laddered Deep Buffer ETF (BUFD)
- FT Vest Laddered Nasdaq Buffer ETF (BUFQ)
- Innovator U.S. Equity Power Buffer ETF - January (PJAN)
- Innovator U.S. Equity Power Buffer ETF - September (PSEP)
- FT Vest Laddered Moderate Buffer ETF (BUFZ)
- Innovator Laddered Allocation Buffer ETF (BUFF)
Educational information, not investment advice. Disclaimer