EPRF - Innovator S&P Inv. Grade Preferred ETF
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S&P Inv. Grade Preferred ETF
 EPRF
ETF SUMMARY
The Innovator S&P Investment Grade Preferred ETF is based on the S&P U.S. High Quality Preferred Stock Index, which selects floating, variable and fixed-rate investment grade preferred issues (BBB- or higher) from U.S. listed preferred stocks on a quarterly basis.
GROWTH OF $10,000
Data from 5/23/2016 to 12/8/2023
ETF PERFORMANCE & BENCHMARK HISTORY (%) Quarterly | Monthly
  YTD 1 Year 3 Year 5 Year Inception
ETF NAV 6.58% 1.10% -4.40% 1.65% 0.99%
ETF Closing Price 6.61% 1.90% -4.42% 1.66% 0.98%
S&P U.S. High Quality Preferred Index 6.94% 1.41% -4.08% 2.02% 1.45%
S&P U.S. Preferred Stock Index 9.28% 4.54% -1.02% 3.41% 2.88%
Data as of 11/30/2023. The Fund incepted on 5/23/2016. Performance quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Returns less than one year are cumulative. One cannot invest directly in an index.
ETF DETAILS
Ticker
EPRF
Listing Date
5/24/2016
Index
S&P U.S. High Quality Preferred Stock Index (SPPHQUT)
Number of Holdings
72
Expense Ratio
0.47%
Distribution Frequency
Monthly
Rebalance Frequency
Quarterly
Exchange
Cboe BZX
TRADING DETAILS
NAV
$18.22
Closing Price
$18.23
Premium/Discount
$0.01 / 0.03%
30 Day Median Bid-Ask Spread
0.28%
Shares Outstanding
5,800,000
Market Value
$105,697,666
As of 12/8/2023
MARKET DETAILS
Last Price
$18.23
Change
-$0.06 / -0.33%
Bid / Ask
$14.92 / $21.74
Midpoint
$18.33
Volume
12,000
As of 12/8/2023
Need Help Trading EPRF?
See our 3 Rules for ETF Trading
ETF STRATEGY
INVESTS ONLY IN INVESTMENT GRADE PREFERRED STOCKS
REBALANCED QUARTERLY AND EQUALLY WEIGHTED
SELECTS FROM THE S&P U.S. PREFERRED STOCK INDEX
TOP 10 HOLDINGS As of 12/11/2023
NameCouponS&P / Moody's RatingIndustry GroupWeight
Northern Trust Corp4.7BBB+/Baa1 Financials5.03%
Bank of Hawaii Corp4.375NR/Baa2Financials4.81%
Axis Capital Holdings Ltd5.5BBB/Baa3Financials4.73%
Cullen/Frost Bankers4.45BBB-/Baa2Financials4.67%
Hartford Financial Services Gr6BBB-/Baa3Financials4.61%
Lincoln National Corp9BBB-/Baa3Financials4.57%
Enstar Group Ltd7BBB-/NRFinancials4.56%
Kimco Realty Corp5.125BBB-/Baa2Real Estate2.55%
Arch Capital Group Ltd4.55BBB/NRFinancials2.55%
Arch Capital Group Ltd5.45BBB/NRFinancials2.52%
» View All Holdings
Holdings are subject to change.
sector
SECTOR WEIGHTS
Financials
90.09%
Real Estate
9.91%
DISTRIBUTIONS
Ex-Dividend Date Record Date Payable Date Total Distribution Tax Information
11/29/2023 11/30/2023 12/1/2023 $0.10500 Form 19A
10/30/2023 10/31/2023 11/1/2023 $0.10500 Form 19A
9/28/2023 9/29/2023 10/2/2023 $0.08500  
8/30/2023 8/31/2023 9/1/2023 $0.08500 Form 19A
7/28/2023 7/31/2022 8/1/2023 $0.08500  
6/29/2023 6/30/2023 7/3/2023 $0.08500  
5/30/2023 5/31/2023 6/1/2023 $0.08500 Form 19A
4/27/2023 4/28/2023 5/1/2023 $0.08500 Form 19A
3/30/2023 3/31/2023 4/3/2023 $0.08500  
2/27/2023 2/28/2023 3/1/2023 $0.08500 Form 19A
1/30/2023 1/31/2023 2/1/2023 $0.08500 Form 19A
12/29/2022 12/30/2022 1/3/2023 $0.07314  
11/29/2022 11/30/2022 12/1/2022 $0.05000 Form 19A
10/28/2022 10/31/2022 11/1/2022 $0.09000 Form 19A
9/29/2022 9/30/2022 10/3/2022 $0.09000  
8/30/2022 8/31/2022 9/1/2022 $0.09000 Form 19A
7/28/2022 7/29/2022 8/1/2022 $0.09000 Form 19A
6/29/2022 6/30/2022 7/1/2022 $0.09000  
5/27/2022 5/31/2022 6/1/2022 $0.09000 Form 19A
4/28/2022 4/29/2022 5/2/2022 $0.09000 Form 19A
3/30/2022 3/31/2022 4/1/2022 $0.09000  
2/25/2022 2/28/2022 3/1/2022 $0.09000 Form 19A
1/28/2022 1/31/2022 2/1/2022 $0.09000 Form 19A
12/30/2021 12/31/2021 1/3/2022 $0.05509  
11/26/2021 11/29/2021 12/1/2021 $0.08500 Form 19A
10/28/2021 10/29/2021 11/1/2021 $0.08500  
9/29/2021 9/30/2021 10/1/2021 $0.10000  
8/30/2021 8/31/2021 9/1/2021 $0.10000 Form 19A
7/29/2021 7/30/2021 8/2/2021 $0.10000 Form 19A
6/29/2021 6/30/2021 7/1/2021 $0.10000  
5/27/2021 5/28/2021 6/1/2021 $0.10000 Form 19A
4/29/2021 4/30/2021 5/3/2021 $0.10000 Form 19A
3/30/2021 3/31/2021 4/1/2021 $0.10000  
2/25/2021 2/26/2021 3/1/2021 $0.10000 Form 19A
1/28/2021 1/29/2021 2/1/2021 $0.10000 Form 19A
12/30/2020 12/31/2020 1/4/2021 $0.13157  
11/27/2020 11/30/2020 12/1/2020 $0.09500 Form 19A
10/29/2020 10/30/2020 11/2/2020 $0.09500 Form 19A
9/29/2020 9/30/2020 10/1/2020 $0.09500  
8/28/2020 8/31/2020 9/1/2020 $0.10000 Form 19A
7/30/2020 7/31/2020 8/3/2020 $0.10000 Form 19A
6/29/2020 6/30/2020 7/1/2020 $0.10000  
5/28/2020 5/29/2020 6/1/2020 $0.10000 Form 19A
4/29/2020 4/30/2020 5/1/2020 $0.10000 Form 19A
3/30/2020 3/31/2020 4/1/2020 $0.10000  
2/27/2020 2/28/2020 3/2/2020 $0.10000  
1/30/2020 1/31/2020 2/3/2020 $0.10000 Form 19A
12/30/2019 12/31/2019 1/2/2020 $0.16987  
11/27/2019 11/29/2019 12/2/2019 $0.09500 Form 19A
10/30/2019 10/31/2019 11/1/2019 $0.09500 Form 19A
9/29/2019 9/30/2019 10/1/2019 $0.09500  
8/29/2019 8/30/2019 9/3/2019 $0.09500  
7/30/2019 7/31/2019 8/1/2019 $0.09500 Form 19A
6/27/2019 6/28/2019 7/1/2019 $0.09500  
5/30/2019 5/31/2019 6/3/2019 $0.09500 Form 19A
4/29/2019 4/30/2019 5/1/2019 $0.09500 Form 19A
3/28/2019 3/29/2019 4/1/2019 $0.09500  
2/27/2019 2/28/2019 3/1/2019 $0.09500 Form 19A
1/30/2019 1/31/2019 2/1/2019 $0.09500 Form 19A
12/21/2018 12/24/2018 12/31/2018 $0.16777  
11/27/2018 11/28/2018 11/30/2018 $0.09310  
10/24/2018 10/25/2018 10/31/2018 $0.09310  
9/25/2018 9/26/2018 9/28/2018 $0.09310  
8/24/2018 8/27/2018 8/31/2018 $0.09310  
7/24/2018 7/25/2018 7/31/2018 $0.09310  
6/26/2018 6/27/2018 6/29/2018 $0.09310  
5/24/2018 5/25/2018 5/31/2018 $0.09310  
4/24/2018 4/25/2018 4/30/2018 $0.09310 Form 19A
3/27/2018 3/28/2018 3/29/2018 $0.09360 Form 19A
2/23/2018 2/26/2018 2/28/2018 $0.09100 Form 19A
1/25/2018 1/26/2018 1/31/2018 $0.12000 Form 19A
12/22/2017 12/26/2017 12/29/2017 $0.16711  
11/24/2017 11/27/2017 11/30/2017 $0.11200 Form 19A
10/24/2017 10/27/2017 10/31/2017 $0.11200 Form 19A
9/25/2017 9/26/2017 9/29/2017 $0.11200 Form 19A
8/24/2017 8/28/2017 8/31/2017 $0.11200 Form 19A
7/24/2017 7/26/2017 7/31/2017 $0.11200 Form 19A
6/26/2017 6/28/2017 6/30/2017 $0.11200 Form 19A
5/24/2017 5/26/2017 5/31/2017 $0.11200 Form 19A
4/24/2017 4/26/2017 4/28/2017 $0.14000 Form 19A
3/24/2017 3/28/2017 3/31/2017 $0.14000  
2/23/2017 2/27/2017 3/2/2017 $0.11200 Form 19A
1/25/2017 1/27/2017 1/31/2017 $0.11200 Form 19A
12/22/2016 12/27/2016 12/29/2016 $0.11200 Form 19A
11/23/2016 11/28/2016 11/30/2016 $0.11200 Form 19A
10/25/2016 10/27/2016 10/31/2016 $0.11200 Form 19A
9/22/2016 9/26/2016 9/28/2016 $0.15000  
8/25/2016 8/29/2016 8/31/2016 $0.07527  
7/25/2016 7/27/2016 7/29/2016 $0.12400  
Subject to change
NEED HELP TRADING EPRF?
If you have questions around EPRF execution, we can help you find the best price available on the market. Feel free to email or call us directly at 800.208.5212, or contact your trade desk to walk you through how to achieve best execution.
3 RULES FOR ETF TRADING
• Avoid trading on the open or the close
• Use limit orders
• Leverage resources that can help
 
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Investing involves risks. Principal loss is possible. The Fund's return may not match the return of the Index. Along with general market risks, an ETF that concentrates its investments in the securities of a particular industry, market, sector, or geographic area may be more volatile than a fund that invests in a broader range of industries. Additionally, the Fund may invest in securities that have additional risks. Foreign companies can be more volatile, less liquid, and subject to the risk of currency fluctuations. This risk is greater for emerging markets. Small- and mid-cap companies can have limited liquidity and greater volatility than large-cap companies. Also, ETFs face numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruption in the creation/ redemption process of the Fund. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. ETFs are bought and sold at market price and not individually redeemed from the fund. Brokerage commissions will reduce returns.The fund invests in preferred securities which may be subject to many of the risks associated with debt securities, including interest rate risk. The fund invests in equity securities which may be subject to volatile price fluctuations. Because the fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in share price.S&P U.S. Preferred Stock Index represents the US preferred stock market. One cannot invest directly in an index.Credit ratings apply the Index, not the fund itself. S&P and Moody's study the financial condition of an entity to ascertain its creditworthiness. The credit ratings reflect the rating agency's opinion of the holdings financial condition and histories. For information on the rating agencies methodology, visit http://www.standardandpoors.com or https://www.moodys.com.
Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemable from the fund. NAV represents the value of each share's portion of the fund's underlying assets and cash at the end of the trading day. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where fund shares are listed.
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