# Innovator S&P Inv. Grade Preferred ETF (EPRF): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/eprf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Innovator · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2016-05-24 The Innovator S&P Investment Grade Preferred ETF (EPRF) typically allocates at least 90% of its total assets to the securities included in its benchmark index. This benchmark exclusively comprises preferred stocks that are also constituents of the broader S&P U.S. Investment Grade Preferred Stock Index, known as the “Base Index.” ## Key Facts | Metric | Value | |---|---| | Price | $15.49 | | Expense Ratio | 0.47% | | Assets Under Management | $62.4M | | NAV | $15.42 (2026-10-30 close) | | Holdings Count | 80 | | Distribution Yield (TTM) | 6.55% | | Annual Distribution (TTM) | $1.02 /share | | Distribution Frequency | Monthly | | 52-Week Range | $15.43 – $18.05 | | Beta | 1.11 | ## Latest Distribution - Amount: $0.0850 /share - Ex-date: 2026-10-30 - Pay date: 2026-11-02 ## Frequently Asked Questions ### What does EPRF invest in? The Innovator S&P Investment Grade Preferred ETF (EPRF) typically allocates at least 90% of its total assets to the securities included in its benchmark index. This benchmark exclusively comprises preferred stocks that are also constituents of the broader S&P U.S. Investment Grade Preferred Stock Index, known as the “Base Index.” ### What is the expense ratio of EPRF? Innovator S&P Inv. Grade Preferred ETF (EPRF) charges an expense ratio of 0.47%. This is the annual fee deducted from fund assets to cover management and operations. ### What is EPRF's dividend yield? EPRF's trailing-twelve-month yield is 6.55%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of EPRF? Effective duration measures EPRF's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EPRF's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of EPRF? EPRF's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of EPRF? Yield to maturity (YTM) is the total return you'd earn from EPRF if every bond in the portfolio is held to maturity at the current price. EPRF's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does EPRF pay a dividend? Yes, Innovator S&P Inv. Grade Preferred ETF (EPRF) distributes dividends to shareholders. The trailing-twelve-month yield is 6.55%. Full dividend history is on this page. ### How often does EPRF pay dividends? Innovator S&P Inv. Grade Preferred ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is EPRF's next ex-dividend date? The most recently announced ex-dividend date for EPRF was 2026-10-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will EPRF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.47% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does EPRF charge its expense ratio? The expense ratio is deducted in tiny daily slices from EPRF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does EPRF cost more than a fund like VOO? EPRF is a passive index fund (current expense ratio 0.47%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to EPRF? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as EPRF (0.47%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/eprf - Distribution history: https://www.dividenddata.com/funds/eprf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/eprf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/eprf/expenses - Peer comparison: https://www.dividenddata.com/funds/eprf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.