Innovator S&P Inv. Grade Preferred ETF
EPRF
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- May 24, 2016
- CIK
- 0001595106
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator S&P Investment Grade Preferred ETF (EPRF) is an exchange-traded fund that seeks investment results corresponding to the S&P U.S. High Quality Preferred Stock Index, focusing on fixed-rate, investment-grade preferred stocks rated BBB- or higher from U.S.-listed issuers; the portfolio emphasizes cumulative preferreds with approximately 75% allocation, primarily from sectors including financial institutions, utilities, and real estate investment trusts (REITs), and holds around 77 securities with top holdings such as Cullen/Frost Bankers Inc., Bank of New York Mellon Corp., and Hartford Insurance Group Inc. EPRF offers investors exposure to high-quality preferred shares selected for size, liquidity, and credit criteria, delivering a net expense ratio of 0.47% and monthly distributions, with assets under management of approximately $85 million. Issued by Innovator ETFs Trust and managed by Innovator Capital Management, LLC, the fund operates in the U.S. market, trading on the Cboe BZX Exchange. Innovator Capital Management, LLC, founded in 2017 and headquartered in Wheaton, Illinois, serves as the sponsor and pioneered defined outcome ETFs, including the world's first Buffer ETF in 2018; EPRF launched on May 24, 2016, as part of its suite of over 150 ETF offerings managing more than $25 billion in assets. The firm targets institutional investors, financial advisors, and retail investors seeking risk-managed equity and fixed-income exposure through structured products. In a major strategic development announced on December 1, 2025, Goldman Sachs agreed to acquire Innovator Capital Management for approximately $2 billion in cash and stock, a deal expected to close in the second quarter of 2026, enhancing Goldman Sachs Asset Management's ETF capabilities with Innovator's $28 billion in assets across 159 defined outcome ETFs as of September 30, 2025. Innovator recently launched the industry's first Dual Directional Buffer ETFs™ on July 1, 2025, including the Innovator Equity Dual Directional 10 Buffer ETF™ – July (DDTL) and Innovator Equity Dual Directional 15 Buffer ETF™ – July (DDFL), expanding its innovative options-based strategies for upside potential in both rising and falling markets. Post-acquisition, Innovator will operate as a wholly owned subsidiary of Goldman Sachs Asset Management, retaining its investment management and service providers while integrating over 60 employees into Goldman Sachs' third-party wealth and ETF teams.