Key stats
About Innovator S&P Investment Grade Preferred ETF
Home page
Inception date
May 24, 2016
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Innovator Capital Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US45783Y8223
EPRF sets its eligible universe as preferred stocks included by both the S&P U.S. Fixed Rate Preferred Stock Index and the S&P U.S. Investment Grade Preferred Stock Index, effectively isolating fixed-rate, investment grade, U.S.-listed preferred shares. EPRF specifically targets investment grade securities, the first ETF in the preferred stock space to do so. Note that High Quality in the fund name only refers to its investment grade mandate, and does not include other so-called quality screens. The fund gives a 75% weight to cumulative shares, and 25% weight to non-cumulative shares. Individual securities are given an equal weight within these buckets. Prior to July 16, 2018 the fund was called Innovator S&P High Quality Preferred ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.38%
Cash0.62%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EPRF top holdings are State Street Corp Deposit Shs Repr 1/4000th Non Cum Perp Pfd Shs Series G and Agree Realty Corporation Depositary Shs Repr 1/1000th 4.250% Cum Conv Red Perp Pfd RgShs Series A, occupying 4.07% and 4.05% of the portfolio correspondingly.
EPRF last dividends amounted to 0.09 USD. The month before, the issuer paid 0.09 USD in dividends,
EPRF assets under management is 86.47 M USD. It's risen 1.87% over the last month.
EPRF fund flows account for −15.58 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, EPRF pays dividends to its holders with the dividend yield of 5.96%. The last dividend (Sep 2, 2025) amounted to 0.09 USD. The dividends are paid monthly.
EPRF shares are issued by Innovator Capital Management LLC under the brand Innovator. The ETF was launched on May 24, 2016, and its management style is Passive.
EPRF expense ratio is 0.47% meaning you'd have to pay 0.47% of your investment to help manage the fund.
EPRF follows the S&P U.S. High Quality Preferred Stock Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EPRF invests in bonds.
EPRF price has risen by 3.66% over the last month, and its yearly performance shows a −4.22% decrease. See more dynamics on EPRF price chart.
NAV returns, another gauge of an ETF dynamics, showed a 7.54% increase in three-month performance and has increased by 2.06% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 7.54% increase in three-month performance and has increased by 2.06% in a year.
EPRF trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.