EPRFInnovator S&P Investment Grade Preferred ETF
The fund normally invests at least 90% of its total assets in the securities that comprise the index. The index is composed of all preferred stocks that are constituents of the S&P U.S. Investment Grade Preferred Stock Index (the “Base Index”).
Innovator ETFs · Since 2016 (9 years)
0.47%
#2134 out of 5,332 ETFs
$71M
#3050 out of 5,332 ETFs
6.30%
9 years
#1441 out of 5,332 ETFs
Performance
1 Year
+4.2%
3 Years
+3.2%
5 Years
-1.5%
What's inside
Asset allocation
Top holdings
Risk profile
7.8%
Moderate
-26.8%
Worst peak-to-trough loss
0.02
Below average
0.02
Moderate downside risk
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05