Innovator Growth-100 Power Buffer ETF
NOCT
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Oct 1, 2019
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Growth-100 Power Buffer ETF - October (NOCT) is an exchange-traded fund that seeks to provide investors with buffered losses and capped gains based on the price return of the Invesco QQQ Trust, Series 1 (QQQ), which tracks the Nasdaq-100 Index, over a one-year outcome period typically resetting each October; the fund invests primarily in FLEX Options (customizable exchange-traded options guaranteed by the Options Clearing Corporation) referencing QQQ, supplemented by cash equivalents and U.S. large-cap equities for collateral, with a net expense ratio of 0.79%. It targets sophisticated investors seeking defined outcome strategies in the growth-oriented technology, communication services, and consumer discretionary sectors represented in the Nasdaq-100, offering downside protection (e.g., buffering up to 100% of losses in some periods, subject to cap limitations) while participating in upside returns up to a predetermined level, non-diversified with over 96% of assets in top FLEX Options holdings. Launched on October 1, 2019, and domiciled in the United States, NOCT operates globally through U.S. exchanges like Cboe, with assets under management exceeding $260 million as of late 2025. The fund is issued and managed by Innovator Capital Management, LLC (Innovator), a pioneer in defined outcome ETFs formed in 2014 (with key acquisitions in 2017 by ETF veterans Bruce Bond and John Southard) and headquartered at 200 W. Front Street, Wheaton, Illinois; Innovator, co-managed for NOCT by Milliman Financial Risk Management LLC, oversees a broad suite of similar buffer and power buffer ETFs across equity benchmarks like S&P 500 and Nasdaq-100, with total firm assets surpassing $28 billion across 159 ETFs as of September 30, 2025. In a transformative development announced December 1, 2025, parent issuer Innovator Capital Management entered a definitive agreement to be acquired by Goldman Sachs Group, Inc. for approximately $2 billion in cash and stock, expected to close in Q2 2026, significantly expanding Goldman Sachs Asset & Wealth Management's active ETF capabilities and positioning it among top global ETF providers while integrating NOCT into a broader lineup of income, buffer, and growth strategies. Recent portfolio adjustments include new management assignments effective July 18, 2025 (Rebekah Lipp, Jeff Greco, Maria Schiopu alongside Robert Cummings), and ongoing quarterly resets of outcome periods with updated caps and buffers; institutional holdings shifted in 2025, with firms like Sequoia Financial Advisors reducing stakes by 14.2% in Q2 while ORG Partners increased by 34.2%, reflecting sustained interest amid YTD returns around 12%. No major new product launches or reorganizations specific to NOCT were reported in 2024-2025 beyond these operational and corporate milestones.