HOCT was created on 2023-09-29 by Innovator. The fund's investment portfolio concentrates primarily on large cap equity. HOCT seeks to provide a consistent income stream and a limited protective buffer against the first 9% of losses stemming from the decline in the S&P 500 Index. The exposure resets each year in October. The actively managed fund holds a package of S&P 500 FLEX options and US Treasurys.