Innovator Premium Income 20 Barrier ETF
$25.29+0.01 (+0.06%)
- Expense ratio
- 0.79%
- Fund size
- $25M
- 1Y return
- +7.8%
- Yield · Last 12 months
- 6.88%
- Holdings
- 9
- Volume · 30D
- 0M sh
- NAV per share
- $25.28
- 52W range
The ETF.net APRH Grade
Score 28 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 4Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
Our read on APRH
DMost defined-outcome ETFs sell you a buffer. APRH sells income: a distribution rate fixed at the start of each roughly one-year outcome period, paid quarterly, sitting on a 20% barrier against S&P 500 price declines.
The Fund seeks high income over approximately one-year Outcome Periods through a Defined Distribution Rate, while exposing investors to S&P 500 losses that exceed a 20% Barrier.
Why people hold it
- Income is the product, not a byproduct. Each outcome period opens with a stated Defined Distribution Rate, paid out quarterly.
- The 20% barrier is written into the fund's terms, so you know the downside trigger point on the S&P 500 price index before you own a share.
- The options package and the annual reset happen inside a 1940 Act ETF, running on this April schedule since 2023. No collar to build or roll yourself.
Worth knowing
- Barrier, not buffer. If the index ends an outcome period more than 20% down, you take the whole decline, not just the slice past 20%.
- Your upside is that period's distribution rate; index gains above it stay behind. Payouts can include return of capital, meaning some of your own money back.
- At 0.79% a year it carries a higher fee than other 20% downside peers, such as PBFR at 0.50% and PSFM at 0.49%.
APRH Holdings
- Stocks
- 9
- 108%
- United States Treasury Bill 03/18/2027
Sectors
APRH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | APRH |
|---|---|
| Year to date | +6.2% |
| 1 month | +0.4% |
| 3 months | +1.6% |
| 1 year | +7.8% |
| 3 years | +7.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | APRH |
|---|---|---|
| 2026 YTD | +6.2% | |
| 2025 | +7.0% | |
| 2024 | +6.9% | |
| 2023 | +7.0% |
APRH in the news
ETF.net Research hasn’t filed on APRH yet — coverage lands here as it’s written.
APRH Dividends
- 6.88%
- $1.74
- $0.52 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 30, 2026 | Jul 1, 2026 | $0.52 |
| Mar 31, 2026 | Apr 1, 2026 | $0.41 |
| Dec 31, 2025 | Jan 2, 2026 | $0.41 |
| Sep 30, 2025 | Oct 2, 2025 | $0.41 |
| Jun 30, 2025 | Jul 1, 2025 | $0.41 |
| Mar 31, 2025 | Apr 1, 2025 | $0.40 |
| Dec 31, 2024 | Jan 2, 2025 | $0.40 |
| Sep 30, 2024 | Oct 4, 2024 | $0.40 |
| Jun 28, 2024 | Jul 1, 2024 | $0.40 |
| Mar 27, 2024 | Apr 1, 2024 | $0.49 |
| Dec 28, 2023 | Jan 2, 2024 | $0.49 |
| Sep 28, 2023 | Oct 2, 2023 | $0.49 |
APRH Risk
- 2.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.28
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
APRH Cost
- The middle half of S&P 500 Buffer 20% funds
- Median 0.74%
21 of the 24 S&P 500 Buffer 20% funds charge less.