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Launched

Zacks Preferred Income ETF

PRIZNYSE ArcaZacksC

$24.63−0.01 (−0.06%)

As of Nov 10, 2026, 10:38 AM ET

C53/ 100

Rank 17 of 31 in Preferred Securities

C53/100Rank 17 of 31inPreferred Securities
Intraday session: down, 12 prints from 24.64 to 24.63. Range 24.63 to 24.64. Use the arrow keys to read each point.24.6324.6424.6424.6424.6410 AM12 PM2 PM4 PM
Expense ratio
0.45%*
Fund size
$6M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
57
Avg volume · 30D
5.16K sh
52W range
low $24.51high $25.43
Launched

*After a fee waiver that ends Jun 30, 2027. Without it: 1.07%.

The ETF.net PRIZ Grade

Based on 4 of 6 pillars

C

Score 53 out of 100

Category
Preferred Securities⁠
Rank
17 of 31
Six-pillar profile for PRIZ. Scores out of 100: Cost 73, Risk 57, Mission not scored, Tradability 19, Holdings not scored, Durability 22. Strongest: Cost (73). Weakest: Tradability (19). Based on 4 of 6 pillars.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A73 out of 100
    Rank 6 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 15 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F19 out of 100
    Rank 28 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F22 out of 100
    Rank 29 of 31

Our read on PRIZ

ETF.net Research

In short

CMost preferred ETFs pay out whatever coupons show up. PRIZ is actively managed and works backward from a declared target: quarterly income plus managed distributions aiming at roughly 8% annualized on NAV, with return of capital possible.

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

  • At 0.45% net of a waiver through June 30, 2027, it prices level with PFF (0.45%) and PSK (0.45%), and near the category median. The gross fee is 1.07%.
  • Actively managed, with at least 80% of net assets plus borrowings in preferred securities, so a manager picks the issues instead of inheriting an index list.sec.gov
  • Each quarterly distribution comes with an estimate of how much is net investment income, capital gains, or return of capital, so you can see what the check is made of.sec.gov

Worth knowing

  • The 8% rate is a target, not a floor: the prospectus says it can be raised or lowered without notice, and part of any payout may be a return of your own capital.sec.gov
  • Thinly traded since its 2026 launch, so spreads and order size matter more here than in the category's giants.
  • Preferreds are mostly bank and insurer paper, and the fund's sector tag is financials, so one industry's credit cycle drives much of the ride.

PRIZ Performance

Launched Jun 1, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
PRIZ$9,912
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. PRIZ $9,912. SPY $9,758. Use the arrow keys to read each point.$9,600$9,800$10,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 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 yearNo data
1 month+0.4%
3 months−0.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−0.1%

History from Jun 2, 2026

PRIZ in the news

PRIZ Dividends

Last payment
$0.11 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. 4 payments in 2026 YTD. Jul 31, 2026 $0.05; Aug 31, 2026 $0.08; Sep 30, 2026 $0.11; Oct 30, 2026 $0.11. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Nov 5, 2026$0.11
Sep 30, 2026Oct 6, 2026$0.11
Aug 31, 2026Sep 8, 2026$0.08
Jul 31, 2026Aug 6, 2026$0.05

PRIZ Risk

Risk pillarB57 out of 100Rank 15 of 31 in Preferred Securities
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.
0.58
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.

FMP measures it over up to five years of monthly returns.

PRIZ Cost

Compare PRIZ and PFFD

Overpaying vs PFFD, cheapest in Preferred Securities

$4,282

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PRIZ 0.45%

    $9,041

  • PFFD 0.23% Cheapest

    $4,759

$10,000
30 years

Cost over time

  • PRIZ 0.45%
  • PFFD 0.23%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PRIZ $9,041PFFD $4,759

Year by year

YearPRIZPFFDOverpaying
10$812$419$393
20$3,128$1,630$1,498
30$9,041$4,759$4,282
How the 0.45% is worked out

Full fee 1.07%− waiver 0.62%= you pay 0.45%

The waiver ends Jun 30, 2027. After that the fee is 1.07% unless Zacks renews it. Source: prospectus, May 2026.

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