EPRF
Innovator S&P Investment Grade Preferred ETF
📎 Investment Objective
The Innovator S&P Investment Grade Preferred ETF (EPRF) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade preferred securities.
Overview
ETF tracking Innovator S&P Investment Grade Preferred ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Innovator S&P Investment Grade Preferred ETF (EPRF) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade preferred securities.
🎯 Investment Strategy
The ETF uses a passive management (or index-tracking) strategy designed to track the performance of the S&P U.S. High Quality Preferred Stock Index. The fund invests at least 80% of its total assets in the component securities of the index.
✨ Key Features
- Focuses on investment-grade preferred securities, which may provide higher income potential than traditional fixed-income investments
- Tracks an index that screens for preferred stocks with high quality characteristics
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Interest rate risk: Preferred securities are sensitive to changes in interest rates, which can negatively impact their prices
- Credit risk: The fund is exposed to the creditworthiness of the issuers of the preferred securities it holds
- Liquidity risk: Preferred securities may have lower trading volumes, which can make them harder to buy or sell
- Concentration risk: The fund is concentrated in the preferred securities asset class
👤 Best For
This ETF may be suitable for investors seeking exposure to investment-grade preferred securities as part of a diversified portfolio. It may be particularly appealing to those seeking higher income potential than traditional fixed-income investments. However, due to the fund's limited performance history, it may be more appropriate for investors with a higher risk tolerance and a longer investment horizon.
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