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Dividend Vision

GNOV — FT Cboe Vest U.S. Equity Moderate Buffer ETF - November

FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV)

GNOV pays a 0.00% distribution rate, on a 0.85% expense ratio. Total return is 38.1% over the past 2.7 years, 38.7 points behind SPY at 76.8%. Its deepest 1-year drawdown was 4.6%.

GNOV is an equity ETF launched in November 2023 that employs a moderate buffer strategy designed to provide downside protection while maintaining equity exposure through the Cboe Vest methodology. The fund carries an 0.85% expense ratio and currently distributes no yield, positioning it as a capital appreciation vehicle rather than an income-focused holding. This ETF may appeal to investors seeking equity market participation with built-in downside cushioning, though it is not structured for regular income distribution.

GNOV key facts

Issuer
First Trust
Asset type
ETF
Asset class
Equity
Inception date
11/17/2023
Expense ratio
0.85%
Distribution rate
0.00%
Last close
$42.56
AUM
$295,096,265
Average volume
3021.0
Beta
0.4303
P/E ratio
26.483