Innovator S&P Investment Grade Preferred ETF

Innovator S&P Investment Grade Preferred ETF is an exchange-traded fund that focuses on investment grade preferred securities issued by U.S. companies. It seeks to provide diversified exposure to preferred stock through an index-based approach that includes fixed-rate, floating-rate, and variable-rate issues rated BBB- or higher. The fund’s portfolio is designed around listed preferred securities from sectors such as financial services, real estate, insurance, and asset management, giving investors access to a segment of the market often used by companies to raise capital with equity-like characteristics and income-oriented features. Innovator S&P Investment Grade Preferred ETF is a passively managed fund that emphasizes high-quality preferred stock holdings and regularly rebalances to reflect its underlying index methodology. It plays a specialized role in the fixed income and preferred securities market by concentrating on investment grade issuers within the U.S. preferred stock universe.