Innovator Premium Income 30 Barrier ETF
$24.68+0.04 (+0.18%)
- 0.79%
- $27M
- +6.2%
- 6.18%
- 0M sh
- $24.69
- low $24.47high $25.20
The ETF.net APRJ Grade
C
Score 39 out of 100
- 44 of 52
Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.D31 out of 100Rank 34 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A80 out of 100Rank 3 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F15 out of 100Rank 51 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C40 out of 100Rank 40 of 52
Our read on APRJ
CMost income ETFs sell calls and let the payout float with volatility. APRJ sets its distribution rate up front for each outcome period, pays quarterly, and puts a 30% barrier between S&P 500 price losses and the fund's value.
The fund seeks to provide a defined distribution rate over each outcome period, while limiting exposure to S&P 500 Price Return Index losses up to a 30% barrier; losses beyond that barrier reduce the fund's value.
Why people hold it
- The income is defined, not discovered: a target rate set at the start of each outcome period, paid quarterly, so the schedule is known before you own it.
- The 30% barrier is a deep line by design. S&P 500 price losses up to it don't reduce the fund's value; the protection is written into the outcome period, not hoped for.
- Payout comes from a defined-outcome options contract on the index rather than month-to-month call premiums, so it isn't set by whatever volatility happens to pay that quarter.
Worth knowing
- At 0.79%, it runs above the 0.60% median for S&P 500 income funds, and cheaper peers exist (IVVW at 0.25%, RSPA at 0.32%, BALI at 0.35%).
- A barrier is a cliff, not a cushion: once index losses pass 30%, the fund's value takes the hit, and the reference is a price index, so dividends aren't in the math.
- Part of the distribution can be return of capital (your own money back), and the fund is small and lightly traded, so limit orders earn their keep.
APRJ Holdings
- Stocks
- 4
- 106%
- United States Treasury Bill 03/18/2027
Sectors
- Technology38.7%
- Financials12.1%
- Communication9.5%
- Consumer Discretionary9.3%
- Health Care9.3%
- Industrials7.8%
- Consumer Staples4.5%
- Energy3.5%
- Utilities2.0%
- Real Estate1.8%
- Materials1.7%
APRJ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
APRJ$10,625
Returns run to the Oct 12, 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 | APRJ |
|---|---|
| Year to date | +4.8% |
| 1 month | +0.2% |
| 3 months | +1.1% |
| 1 year | +6.2% |
| 3 years | +6.1% |
| 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 | APRJ |
|---|---|---|
| 2026 YTD | +4.8% | |
| 2025 | +5.7% | |
| 2024 | +6.2% | |
| 2023 | +5.4% |
APRJ in the news
APRJ Dividends
- 6.18%
- $1.52
- $0.43 per share
- Quarterly
Distribution history
APRJ Risk
- 1.4%
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.
- 1.03
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.
- −4.7%
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.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
APRJ Cost
0.79%
APRJ0.79%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
32 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- CTPAYRoundhill Investments - S&P 500 Target 10 Managed Distribution ETFExpense ratio 0.49%1 year return —
- DZHDGZega Buy & Hedge ETFExpense ratio 0.95%1 year return +10.7%
- DSDTYYieldMax S&P 500 0DTE Covered Call Strategy ETFExpense ratio 1.08%1 year return +21.0%
- DWDTES&P 500 Weekly Distribution ETFExpense ratio 1.03%1 year return +19.4%
- DFGSIFT Vest Growth Strength & Target Income ETFExpense ratio 0.85%1 year return +8.9%