Innovator S&P Inv. Grade Preferred ETF
$16.02−0.15 (−0.90%)
- Expense ratio
- 0.47%
- Fund size
- $66M
- 1Y return
- −8.3%
- Yield · Last 12 months
- 6.31%
- Holdings
- 79
- Volume · 30D
- 0M sh
- NAV per share
- $16.18
- 52W range
The ETF.net EPRF Grade
Score 48 of 100 sits in the C 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.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 57Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 13Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 23Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 31Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
Our read on EPRF
CMost preferred-stock ETFs hoover up the whole market. EPRF tracks an S&P index built only from investment-grade preferreds, holds a tight book of roughly 80 of them, and pays income monthly.
The Fund seeks current income through exposure to investment-grade preferred stocks.
Why people hold it
- The screen is the whole idea: it follows the S&P U.S. High Quality Preferred Stock Index, seeking current income from investment-grade preferreds rather than the full US preferred market.innovatoretfs.cominnovatoretfs.com
- Income arrives monthly, and with roughly 80 positions the portfolio is short enough to read line by line instead of taking on trust.
- Live since 2016, a long run for a specialty preferred strategy, and a plain index-tracking mandate with no derivatives layered on top.innovatoretfs.com
Worth knowing
- It is a small, thinly traded fund. Expect wider bid-ask spreads than a mainstream index ETF, and size your orders knowing the screen is thin.
- At 0.47% a year, it runs a touch above the typical index-tracking fund, and giants like VT and SCHK charge a fraction of that (for stocks, not preferreds).
- Quality filtering narrows the pool: an investment-grade-only rule leaves out the lower-rated preferreds that broader funds in this corner hold.innovatoretfs.com
EPRF Holdings
- Bonds
- 79
- 41%
- KKR & Co Inc 6.25% 03/01/2028
Sectors
- Financials89.3%
- Real Estate10.7%
Geography
- United States84.24%
- Bermuda15.76%
EPRF 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 | EPRF |
|---|---|
| Year to date | −4.4% |
| 1 month | −1.9% |
| 3 months | −1.9% |
| 1 year | −8.3% |
| 3 years | +2.6% |
| 5 years | −2.5% |
| 10 years | +0.9% |
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 | EPRF |
|---|---|---|
| 2026 YTD | −4.4% | |
| 2025 | +2.7% | |
| 2024 | +3.4% | |
| 2023 | +9.4% | |
| 2022 | −20.7% | |
| 2021 | +1.4% | |
| 2020 | +7.4% |
EPRF in the news
ETF.net Research hasn’t filed on EPRF yet — coverage lands here as it’s written.
EPRF Dividends
- 6.31%
- $1.02
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 1, 2026 | $0.09 |
| Jul 31, 2026 | Aug 3, 2026 | $0.09 |
| Jun 30, 2026 | Jul 1, 2026 | $0.09 |
| May 29, 2026 | Jun 1, 2026 | $0.09 |
| Apr 30, 2026 | May 1, 2026 | $0.09 |
| Mar 31, 2026 | Apr 1, 2026 | $0.09 |
| Feb 27, 2026 | Mar 2, 2026 | $0.09 |
| Jan 30, 2026 | Feb 2, 2026 | $0.09 |
| Dec 31, 2025 | Jan 2, 2026 | $0.08 |
| Nov 28, 2025 | Dec 1, 2025 | $0.09 |
| Oct 31, 2025 | Nov 3, 2025 | $0.09 |
| Sep 30, 2025 | Oct 2, 2025 | $0.09 |
EPRF Risk
- 9.9%
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.
- −0.07
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.
- −25.3%
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.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EPRF Cost
- The middle half of Preferred Securities funds
- Median 0.50%
10 of the 31 Preferred Securities funds charge less.