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PRIZ

GradeFNew York Stock Exchange Arca

Zacks Preferred Income ETF

Specialty Bonds · Zacks · Inception 2026-06-01

$25.04−0.08 (−0.32%)

As of Sep 23, 2026, 1:33 PM EDT

History starts Jun 2, 2026.History starts Jun 2, 2026.History starts Jun 2, 2026.
Intraday session: down, 11 prints from 25.12 to 25.04. Range 25.00 to 25.08. Use the arrow keys to read each point.$25.00$25.02$25.06$25.0810 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$6M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$25.03
52W range
low $24.93high $25.30

The ETF.net PRIZ Grade

F

19/ 100

Rank 29 of 31 in Preferred Securities⁠

Confidence Medium

Six-pillar profile for PRIZ. Scores out of 100: Cost 3, Risk 64, Mission not scored, Tradability 8, Holdings not scored, Durability 23. Strongest: Risk (64). Weakest: Cost (3). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 19 of 100 sits in the F 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 3
    Category rank30/31 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 64
    Category rank13/29 · top 45%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 8
    Category rank29/31 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 23
    Category rank28/31 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on PRIZ

ETF.net Research

FMost preferred ETFs pay out whatever the index happens to yield. PRIZ flips that: an actively picked book of preferred securities built around a declared 8% annualized payout on per-share NAV, paid monthly with a quarterly managed distribution.

Stated mandate

The Fund seeks current income. It is actively managed and normally invests at least 80% of its net assets, plus borrowings, in preferred securities.

Why people hold it

  1. 01The active, target-payout option in an index-dominated aisle: a declared 8% annualized distribution rate on per-share NAV, not a pass-through of whatever the portfolio yields.
  2. 02Simple mandate: at least 80% of net assets in preferred securities, picked through Zacks' quantitative screening and fundamental analysis instead of an index rulebook.businesswire.com
  3. 03Income lands on a monthly cadence, with a quarterly managed distribution layered on top. That rhythm is set by the fund's own policy, not by coupon timing.

Worth knowing

  1. 01Costs 1.07% a year against a preferred-ETF median near 0.50%. Index peers PFFD (0.23%) and PFF (0.45%) do the plain-vanilla job for a fraction.
  2. 02The 8% rate is a policy, not earnings. The fund discloses it may use return of capital to maintain it, which hands back part of your own principal and trims NAV.
  3. 03A 2026 launch, small and thinly traded. Short history to judge, and spreads can run wide, so limit orders matter more here than in the giants.

PRIZ Holdings

As of Sep 20, 2026, 9:02 AM
Asset class
Other
Holdings
—
Top-10 weight
47%
Largest holding
BBH SWEEP VEHICLE13.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BBH SWEEP VEHICLE13.11%753,232$753K51
002—FCNCA 7 PERP4.16%240,000$239K1
003—SCHW 6.1 PERP4.10%240,000$236K1
004—AXP 6.45 PERP4.01%230,000$230K1
005—VOYA 7.758 PERP3.84%215,000$221K1
006—ALLY 7.1 PERP3.80%220,000$219K1
007—HBAN 6 1/4 PERP3.79%220,000$218K1
008—GM 6 1/2 PERP3.76%215,000$216K1
009—MS 5 7/8 PERP3.69%220,000$212K1
010—GS 7 1/2 PERP3.23%180,000$186K1
011—BK 6.3 PERP2.98%170,000$171K1
012—CRBG 6 7/8 PERP2.86%160,000$164K1
013—TFC 6 1/4 PERP2.55%150,000$147K1
014—COBKAC 6 3/4 PERP2.27%130,000$130K1
015—BAC 6 1/4 PERP2.25%130,000$129K1

Showing 1–15 of 52 holdings

PRIZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PRIZ$10,090
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. PRIZ $10,090. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for PRIZ. Periods over one year show the average yearly return.
PeriodPRIZ
Year to dateFund launched this year—
1 month+0.1%
3 months+0.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PRIZ
YearReturn barPRIZ
2026 YTD+1.0%

History from Jun 2, 2026

PRIZ in the news

ETF.net Research hasn’t filed on PRIZ yet — coverage lands here as it’s written.

PRIZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jul 31, 2026 $0.05; Aug 31, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Aug 31, 2026Sep 8, 2026$0.08
Jul 31, 2026Aug 6, 2026$0.05

PRIZ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PRIZ Cost

Expense ratio1.07%
  • The middle half of Preferred Securities funds
  • Median 0.50%

29 of the 31 Preferred Securities funds charge less.

PRIZ costs $107.00 a year on $10,000. The median Preferred Securities fund costs $50.00.