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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Innovator S&P Investment Grade Preferred ETF

EPRF | ETF

$16.93

$71.8 M

6.02%

$1.02

0.47%

Vitals

YTD Return

-0.9%

1 yr return

3.4%

3 Yr Avg Return

2.8%

5 Yr Avg Return

-1.7%

Net Assets

$71.8 M

Holdings in Top 10

43.1%

52 WEEK LOW AND HIGH

$17.0
$16.59
$18.75

Expenses

OPERATING FEES

Expense Ratio 0.47%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Innovator S&P Investment Grade Preferred ETF

EPRF | ETF

$16.93

$71.8 M

6.02%

$1.02

0.47%

EPRF - Profile

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.70%
DIVIDENDS
  • Dividend Yield 6.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Innovator S&P Investment Grade Preferred ETF
  • Fund Family Name
    Innovator ETFs Trust
  • Inception Date
    May 23, 2016
  • Shares Outstanding
    7350000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dustin Lewellyn

Fund Description

p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"The Fund normally invests at least 90% of its total assets in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund’s investment subspan class="nobreak"-adviser/span, Penserra Capital Management LLC (span class="Italic" style="font-style:italic;font-weight:normal;"“Penserra”/span or the span class="Italic" style="font-style:italic;font-weight:normal;"“Sub/spanspan class="nobreak"span class="Italic" style="font-style:italic;font-weight:normal;"-Adviser/span/spanspan class="Italic" style="font-style:italic;font-weight:normal;"”/span) seeks a correlation of 0.95 or better (before fees and expenses) between the Fund’s performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. Samp;P Opco LLC (a subsidiary of Samp;P Dow Jones Indices, LLC) (span class="Italic" style="font-style:italic;font-weight:normal;"“Samp;P”/span or the span class="Italic" style="font-style:italic;font-weight:normal;"“Index Provider”/span) compiles, maintains and calculates the Index./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"The Fund is classified as a “diversified company” under the Investment Company Act of 1940, as amended (the span class="Italic" style="font-style:italic;font-weight:normal;"“1940 Act”/span). To the extent the Index concentrates (span class="Italic" style="font-style:italic;font-weight:normal;"i.e./span, holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent. As of the date of this prospectus, the Fund is concentrated in the financials sector./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"The Index is composed of all preferred stocks that are constituents of the Samp;P U.S. Investment Grade Preferred Stock Index (the span class="Italic" style="font-style:italic;font-weight:normal;"“Base Index”/span). To be eligible for inclusion in the Base Index, a security must be considered “investment grade,” which are securities with a credit rating minimum of BBB-/Baa3/BBB- issued by Samp;P Global Ratings (span class="Italic" style="font-style:italic;font-weight:normal;"“Samp;P Global”/span), Moody’s Investors Service, Inc. (span class="Italic" style="font-style:italic;font-weight:normal;"“Moody’s”/span), and Fitch Ratings, Inc. (span class="Italic" style="font-style:italic;font-weight:normal;"“Fitch”/span) respectively. The Index Provider performs the following eligibility screens for quality with respect to credit ratings:/p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:11pt;margin-top:11pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanfor an issue rated by all of Samp;P, Moody’s and Fitch, the lowest of the three ratings is used as the issue’s credit rating;/p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:11pt;margin-top:11pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanwhen there are two ratings, the lower of the two ratings must be considered investment grade; and/p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:11pt;margin-top:11pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanwhen there is only one rating, that rating must be designated in the investment grade category by the applicable rating agency./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"While the Index is required to be comprised of securities that are investment grade at the time of investment, the ratings of the securities eligible for inclusion in the Index may be in the lowest tier investment grade rating, which provides for an indication of a higher risk of default than securities that maintain a higher investment grade rating. span class="Italic" style="font-style:italic;font-weight:normal;"See “Credit Ratings Risk”/span for further information on the risks associated with credit ratings./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"In addition to the credit rating minimum, to be eligible for inclusion in the Index, a preferred security must exhibit minimum liquidity quality characteristics as determined by the Index Provider. With respect to liquidity, a preferred security eligible for inclusion in the Index, a security must be:/p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:11pt;margin-top:11pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanlisted on a qualifying U.S. securities exchange;/p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:11pt;margin-top:11pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanhave a total market capitalization of greater than or equal to $100span class="nobreak" /spanmillion and have traded more than 250,000span class="nobreak" /spanshares per month over each of the prior six months; and/p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;list-style-type:none;margin-top:11pt;margin-top:11pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanmaintain a market capitalization of $75span class="nobreak" /spanmillion and have traded more than 125,000span class="nobreak" /spanshares per month over each of the prior six months in order to remain eligible in the Index./pp class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"Preferred stocks for which the Index Provider cannot determine an indicated dividend yield are not eligible for inclusion. Once eligible securities have been selected for inclusion in the Index, the Index seeks to mitigate issuer concentration risk by assigning an equal weight to each issuer represented by the selected securities; however, the mitigation of issuer concentration risk is not guaranteed. That weight is then equally distributed among component securities of the issuer that are eligible for the Index. The Index is rebalanced quarterly./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"In connection with the Index’s methodology to invest in preferred securities, the Index, and therefore the Fund, currently has exposure to preferred securities issued by real estate investment trusts (span class="Italic" style="font-style:italic;font-weight:normal;"“REITs’/span). REITs are financial vehicles that pool investors’ capital to invest primarily in incomespan class="nobreak"-producing/span real estate or real estatespan class="nobreak"-related/span loans or interests. The Index does not limit the types of REITs eligible for inclusion in the Index, which are generally categorized as “Mortgage REITs,” which invest the majority of their assets in real estate mortgages and derive their income primarily from interest payments, “Equity REITs”, which invest the majority of their assets directly in real property and derive their income primarily from rents, royalties and lease payments, and “Hybrid REITs,” which combine the characteristics of both Mortgage REITs and Equity REITs. As of the date of this prospectus, the Fund has exposure to preferred securities issued by Equity REITs./p
Read More

EPRF - Performance

Return Ranking - Trailing

Period EPRF Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -0.9% 8.9% 100.00%
1 Yr 3.4% 3.4% 20.0% 100.00%
3 Yr 2.8%* 2.8% 14.7% 100.00%
5 Yr -1.7%* -1.7% 7.1% 100.00%
10 Yr 1.4%* 1.4% 6.5% 100.00%

* Annualized

Return Ranking - Calendar

Period EPRF Return Category Return Low Category Return High Rank in Category (%)
2025 -3.2% -5.7% 4.8% 93.90%
2024 -2.4% -2.4% 8.6% 100.00%
2023 3.2% -3.6% 14.2% 7.32%
2022 -24.6% -29.4% -9.6% 85.71%
2021 -3.3% -3.4% 17.2% 98.70%

Total Return Ranking - Trailing

Period EPRF Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -0.9% 8.9% 100.00%
1 Yr 3.4% 3.4% 20.0% 100.00%
3 Yr 2.8%* 2.8% 14.7% 100.00%
5 Yr -1.7%* -1.7% 7.1% 100.00%
10 Yr 1.4%* 1.4% 6.5% 100.00%

* Annualized

Total Return Ranking - Calendar

Period EPRF Return Category Return Low Category Return High Rank in Category (%)
2025 3.2% 1.5% 12.6% 92.68%
2024 3.4% 3.4% 16.1% 100.00%
2023 9.4% 3.0% 26.5% 19.51%
2022 -20.7% -23.9% -5.8% 96.10%
2021 1.4% 0.2% 27.4% 97.40%

EPRF - Holdings

Concentration Analysis

EPRF Category Low Category High EPRF % Rank
Net Assets 71.8 M 69.2 M 13.9 B 98.78%
Number of Holdings 78 48 515 93.90%
Net Assets in Top 10 31.3 M 18.5 M 2.46 B 97.56%
Weighting of Top 10 43.14% 11.8% 43.1% 1.22%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 7.17%
  2. State Street Corp 4.13%
  3. Cullen/Frost Bankers Inc 4.03%
  4. Axis Capital Holdings Ltd 4.02%
  5. Northern Trust Corp 4.01%
  6. Agree Realty Corp 3.98%
  7. Bank of New York Mellon Corp/The 3.97%
  8. Hartford Insurance Group Inc/The 3.97%
  9. UMB Financial Corp 3.97%
  10. Voya Financial Inc 3.90%

Asset Allocation

Weighting Return Low Return High EPRF % Rank
Preferred Stocks 		99.53% 1.21% 123.02% 4.88%
Cash 		7.99% -0.02% 8.48% 9.76%
Stocks 		0.00% 0.00% 24.32% 64.63%
Other 		0.00% -5.83% 6.51% 53.66%
Convertible Bonds 		0.00% 0.00% 31.65% 91.14%
Bonds 		0.00% 0.00% 96.84% 92.68%

EPRF - Expenses

Operational Fees

EPRF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.04% 5.10% 88.75%
Management Fee 0.47% 0.00% 0.99% 12.20%
12b-1 Fee N/A 0.00% 1.00% 2.78%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

EPRF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

EPRF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EPRF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 12.00% 199.00% 77.22%

EPRF - Distributions

Dividend Yield Analysis

EPRF Category Low Category High EPRF % Rank
Dividend Yield 6.02% 0.00% 9.59% 23.17%

Dividend Distribution Analysis

EPRF Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

EPRF Category Low Category High EPRF % Rank
Net Income Ratio 4.70% 1.03% 7.54% 37.66%

Capital Gain Distribution Analysis

EPRF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

EPRF - Fund Manager Analysis

Managers

Dustin Lewellyn

Start Date

Tenure

Tenure Rank

Apr 01, 2018

4.17

4.2%

Dustin Lewellyn, CFA. Mr. Lewellyn has extensive background in institutional investment process with a specific focus on exchange-traded funds (“ETFs”). Mr. Lewellyn was a portfolio manager at BGI (now part of Blackrock), and he managed a number of international equity funds. Dustin also was head of ETF product management and product development at Northern Trust where he oversaw the build out and management of all areas of a new ETF business, including primary responsibility for the portfolio management process surrounding the ETFs. Mr. Lewellyn also built and ran a new ETF business for Charles Schwab, including having primary responsibility for the technology and investment process to support portfolio management for the ETFs. Mr. Lewellyn started a consulting business with a focus on ETFs and helped numerous new ETF sponsors, as well as service providers, understand the resource requirements to participate in the industry utilizing current best practices. Mr. Lewellyn holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds security licenses 7, 63, 66 and 24.

Ernesto Tong

Start Date

Tenure

Tenure Rank

Apr 01, 2018

4.17

4.2%

Mr. Tong has been a managing director with Penserra since 2015. Prior to joining Penserra, Mr. Tong spent seven years as a vice president at Blackrock, where he was a portfolio manager for a number of the iShares ETFs, and prior to that, he spent two years in the firm’s index research group.

Anand Desai

Start Date

Tenure

Tenure Rank

Apr 01, 2018

4.17

4.2%

Anand Desai. Mr. Desai has been an Associate with Penserra since 2015. Prior to joining the Penserra Capital Management, LLC, Mr. Desai was a portfolio fund accountant at State Street for five years.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.61 11.42

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