How much has APRH paid over the last year?

Over the year to Oct 28, 2026, APRH paid 6.4% of its starting price in cash distributions, while the price fell 0.0%.

Is APRH ahead of SPY?

Over the year to Oct 28, 2026, with every distribution reinvested, APRH returned +6.5% against +13.6% for S&P 500 (SPY), so a holder was behind it by 7.1 points.

How often does APRH pay, and how much?

APRH pays quarterly. The latest distribution annualizes to 8.4% at its price on Oct 28, 2026, which is not a promise; the next one can differ.

Is the APRH distribution return of capital?

Innovator estimates 65% of the distribution paid Oct 2, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

When does APRH next pay a distribution?

APRH pays quarterly. The last distribution went ex on Sep 30, 2026 at $0.5232 a share.

The prospectus expense ratio is 0.79% a year.

How much of APRH’s distribution is return of capital?

Innovator’s Rule 19a-1 notice estimates 65.0% of the distribution paid Oct 2, 2026 was return of capital. Across its notices for distributions paid Jan 2, 2026 to Oct 2, 2026, the estimate is 59.4%. The annual report for the fiscal year to Oct 31, 2025 puts it at 0.0% of distributions. Estimates come before the fund year closes and often change.

APRH Innovator Premium Income 20 Barrier ETF -- April

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$24.88

0.0% · 1 day, price

IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, APRH paid 6.4% in cash and returned 6.5% in total, against 13.6% for SPY.

Why did APRH return +28.4% against SPY’s +92.4%?Is APRH’s payout of 8.4% a year sustainable?What do APRH’s net flows of −$2.5m over the 12 months to Jul 31, 2026 mean?

Defined income on SPY, paying quarterlyInnovator ↗Expense ratio 0.79%Fund assets $25m on Oct 28, 2026First traded Apr 3, 2023Benchmark S&P 500 (SPY)Fund page at the issuer ↗SEC filings ↗Every Innovator fund ETFIQ covers Dividend history

Promise check: DeliveredOver the year to Oct 28, 2026, APRH paid 6.4% in cash and returned 6.5% in total, covering 101.6% of its payout.

Compare with…Trading costs Put to the committee askIQ about APRH Add to portfolio Flows Alerts

APRH risk and return scorecard

vs SPY · Apr 2023 to Oct 2026 · 184 weekly returns · dividend-adjusted

3.5 years

APRH +28.4%, SPY +92.4%, Apr 2023 to Oct 2026, distributions reinvested.

Return

MeasureAPRHSPYEdge

Total return+28.4%+92.4%SPY

Annualized+7.3%+20.3%SPY

Price return+1.1%+84.3%SPY

Risk

MeasureAPRHSPYEdge

Volatility3.5%13.9%APRH

Max drawdown−4.5%−16.9%APRH

Upside capture14.1%100.0%SPY

Downside capture11.3%100.0%APRH

Risk-adjusted

MeasureAPRHSPYEdge

Sharpe ratio0.721.08SPY

Sortino ratio0.931.67SPY

Alpha vs SPY

MeasureAPRHSPYEdge

Alpha, a year−0.4%Not significant

Alpha t-stat−0.35

Beta to SPY0.201.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 26, 2026

Last 4 trading days

12 months to Jul 31, 2026

−$2.5m

3 years to Jul 31, 2026

−$4.4m

No money in or out. 52 days missing.

askIQ: what do these flows mean? ↗

What you earned

APRH +0.4%, SPY +0.9%: total return over one month to Oct 28, 2026.

APRH

+0.4%

SPY

+0.9%

Paid 2.1% in cash. Price −1.7%.

APRH +1.5%, SPY +6.1%: total return over three months to Oct 28, 2026.

APRH

+1.5%

SPY

+6.1%

Paid 2.1% in cash. Price −0.6%.

APRH +3.3%, SPY +9.1%: total return over six months to Oct 28, 2026.

APRH

+3.3%

SPY

+9.1%

Paid 4.2% in cash. Price −0.9%.

APRH +6.7%, SPY +14.1%: total return over the year to Oct 28, 2026.

APRH

+6.7%

SPY

+14.1%

Paid 5.9% in cash. Price +0.6%.

APRH +6.5%, SPY +13.6%: total return over one year to Oct 28, 2026.

APRH

+6.5%

SPY

+13.6%

Paid 6.4% in cash. Price 0.0%.

APRH +23.7%, SPY +95.0%: total return over three years to Oct 28, 2026.

APRH

+23.7%

SPY

+95.0%

Paid 20.3% in cash. Price +1.2%.

APRH +29.1%, SPY +96.3%: total return since launch to Oct 28, 2026.

APRH

+29.1%

SPY

+96.3%

Paid 24.3% in cash. Price +1.6%.

askIQ: why did APRH return +6.5% against SPY’s +13.6%? ↗

What it paid

13 distributions · latest Sep 30, 2026

6.4%

Cash paid, 1 year, on its starting price

to Oct 28, 2026

Report

+6.5%

Total return, 1 year

to Oct 28, 2026

Report

−7.1 pts

Against SPY

to Oct 28, 2026

Report

65.0%

Return of capital, latest payout (Innovator estimate)

Report

$0.5232

Last payment (paid quarterly), ex-date Sep 30, 2026

Report

Pays quarterly.

askIQ: is APRH’s payout of 8.4% a year sustainable? ↗

More on APRH

Every number below is on this page. Open what you need.

Price and total return, 1 year

$24.880.0%1 day, priceClose, Oct 28, 2026

0%2%4%6%Total return +6.5%Price 0.0%

Oct 28, 2025Oct 28, 2026

Price 0.0%Total return +6.5%

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

APRH returns by window: total return, cash paid and price change
Window	Total return	Cash paid	Price	SPY	Ahead or behind
1M Sep 28 – Oct 28, 2026	+0.4%	2.1%	−1.7%	+0.9%	−0.5 pts
3M Jul 29 – Oct 28, 2026	+1.5%	2.1%	−0.6%	+6.1%	−4.6 pts
6M Apr 29 – Oct 28, 2026	+3.3%	4.2%	−0.9%	+9.1%	−5.8 pts
YTD Dec 31, 2025 – Oct 28, 2026	+6.7%	5.9%	+0.6%	+14.1%	−7.4 pts
1Y Oct 28, 2025 – Oct 28, 2026	+6.5%	6.4%	0.0%	+13.6%	−7.1 pts
3Y Oct 27, 2023 – Oct 28, 2026	+23.7%	20.3%	+1.2%	+95.0%	−71.3 pts
Since launch Apr 3, 2023 – Oct 28, 2026	+29.1%	24.3%	+1.6%	+96.3%	−67.2 pts
Since launch, annualised Apr 3, 2023 – Oct 28, 2026	+7.4%	–	–	–	–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where the return came from

APRH

+0.4%

SPY

+0.9%

About even with SPY APRH over 1 month: paid 2.1%, price −1.7%, total +0.4%, SPY +0.9%, −0.5 pts. Data to Oct 28, 2026. SPY +0.9% APRH +0.4% 2.1% of it arrived as cash about even with SPY Total return, distributions reinvested About even with SPY APRH over 1 month: paid 2.1%, price −1.7%, total +0.4%, SPY +0.9%, −0.5 pts. Data to Oct 28, 2026. SPY +0.9% APRH +0.4% about even with SPY Over the 1 month to Oct 28, 2026, APRH returned +0.4% with distributions reinvested and S&P 500 (SPY) returned +0.9%, so a holder came out behind it by 0.5 points. The lighter segment is the 2.1% that arrived as cash rather than as price.

Price change −1.7%Cash paid +2.1%, reinvested−0.5 pts vs SPY

0.0%

APRH

+1.5%

SPY

+6.1%

4.6 pts behind SPY APRH over 3 months: paid 2.1%, price −0.6%, total +1.5%, SPY +6.1%, −4.6 pts. Data to Oct 28, 2026. SPY +6.1% APRH +1.5% 2.1% as cash 4.6 pts behind SPY Total return, distributions reinvested 4.6 pts behind SPY APRH over 3 months: paid 2.1%, price −0.6%, total +1.5%, SPY +6.1%, −4.6 pts. Data to Oct 28, 2026. SPY +6.1% APRH +1.5% 4.6 pts behind SPY Over the 3 months to Oct 28, 2026, APRH returned +1.5% with distributions reinvested and S&P 500 (SPY) returned +6.1%, so a holder came out behind it by 4.6 points. The lighter segment is the 2.1% that arrived as cash rather than as price.

Price change −0.6%Cash paid +2.1%, reinvested−4.6 pts vs SPY

0.0%

APRH

+3.3%

SPY

+9.1%

5.8 pts behind SPY APRH over 6 months: paid 4.2%, price −0.9%, total +3.3%, SPY +9.1%, −5.8 pts. Data to Oct 28, 2026. SPY +9.1% APRH +3.3% 4.2% of it arrived as cash 5.8 pts behind SPY Total return, distributions reinvested 5.8 pts behind SPY APRH over 6 months: paid 4.2%, price −0.9%, total +3.3%, SPY +9.1%, −5.8 pts. Data to Oct 28, 2026. SPY +9.1% APRH +3.3% 5.8 pts behind SPY Over the 6 months to Oct 28, 2026, APRH returned +3.3% with distributions reinvested and S&P 500 (SPY) returned +9.1%, so a holder came out behind it by 5.8 points. The lighter segment is the 4.2% that arrived as cash rather than as price.

Price change −0.9%Cash paid +4.2%, reinvested−5.8 pts vs SPY

0.0%

APRH

+6.5%

SPY

+13.6%

7.1 pts behind SPY APRH over 1 year: paid 6.4%, price 0.0%, total +6.5%, SPY +13.6%, −7.1 pts. Data to Oct 28, 2026. SPY +13.6% APRH +6.5% 6.4% of it arrived as cash 7.1 pts behind SPY Total return, distributions reinvested 7.1 pts behind SPY APRH over 1 year: paid 6.4%, price 0.0%, total +6.5%, SPY +13.6%, −7.1 pts. Data to Oct 28, 2026. SPY +13.6% APRH +6.5% 7.1 pts behind SPY Over the 1 year to Oct 28, 2026, APRH returned +6.5% with distributions reinvested and S&P 500 (SPY) returned +13.6%, so a holder came out behind it by 7.1 points. The lighter segment is the 6.4% that arrived as cash rather than as price.

Price change 0.0%Cash paid +6.4%, reinvested−7.1 pts vs SPY

APRH

+23.7%

SPY

+95.0%

71.3 pts behind SPY APRH over 3 years: paid 20.3%, price +1.2%, total +23.7%, SPY +95.0%, −71.3 pts. Data to Oct 28, 2026. SPY +95.0% APRH +23.7% 20.3% as cash 71.3 pts behind SPY Total return, distributions reinvested 71.3 pts behind SPY APRH over 3 years: paid 20.3%, price +1.2%, total +23.7%, SPY +95.0%, −71.3 pts. Data to Oct 28, 2026. SPY +95.0% APRH +23.7% 71.3 pts behind SPY Over the 3 years to Oct 28, 2026, APRH returned +23.7% with distributions reinvested and S&P 500 (SPY) returned +95.0%, so a holder came out behind it by 71.3 points. The lighter segment is the 20.3% that arrived as cash rather than as price.

Price change +1.2%Cash paid +20.3%, reinvested−71.3 pts vs SPY

APRH

+29.1%

SPY

+96.3%

67.2 pts behind SPY APRH since launch: paid 24.3%, price +1.6%, total +29.1%, SPY +96.3%, −67.2 pts. Data to Oct 28, 2026. SPY +96.3% APRH +29.1% 24.3% as cash 67.2 pts behind SPY Total return, distributions reinvested 67.2 pts behind SPY APRH since launch: paid 24.3%, price +1.6%, total +29.1%, SPY +96.3%, −67.2 pts. Data to Oct 28, 2026. SPY +96.3% APRH +29.1% 67.2 pts behind SPY From launch to Oct 28, 2026, APRH returned +29.1% with distributions reinvested and S&P 500 (SPY) returned +96.3%, so a holder came out behind it by 67.2 points. The lighter segment is the 24.3% that arrived as cash rather than as price.

Price change +1.6%Cash paid +24.3%, reinvested−67.2 pts vs SPY

60.1

IQ Income ScoreETFIQ Distribution Coverage Scorejoint 65th of 164 · Oct 28, 2026

0.3 · lowest of 164 income ETFs not writing on a single company99.7 · highest

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

APRH paid 6.4% in cash over the year and returned 6.5% in total, more than it paid out.

total return as a share of the cash paid101.6% · 60th pct

All 164 ranked by this score →

Money in and out

Daily data · as of Oct 26, 2026

APRH: in the 12 trading days to Oct 26, 2026, nothing net moved.

0.0% of $24.9m on Oct 20, 2026
Oct 21, 2026 to Oct 26, 2026

12 months

−$2.5m

−9.0% of $27.4m on Jul 31, 2025
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings

3 years

−$4.4m

−14.9% of $29.3m on Jul 31, 2023
Aug 1, 2023 to Jul 31, 2026
monthly, from SEC filings

Feb 2023 to Jul 2026

+$24.5m

Feb 1, 2023 to Jul 31, 2026
monthly, from SEC filings

Net flow each trading day

3M1Y400 days

APRH, net flow each trading day over the 64 sessions from Jul 28, 2026 to Oct 26, 2026: money came in on 0 days and went out on 0 days, of the 12 days with daily data; the other 52 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 52 days missing.

APRH, net flow each trading day over the 250 sessions from Oct 28, 2025 to Oct 26, 2026: money came in on 0 days and went out on 0 days, of the 12 days with daily data; the other 238 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 238 days missing.

APRH, net flow each trading day over the 400 sessions from Mar 25, 2025 to Oct 26, 2026: money came in on 0 days and went out on 0 days, of the 12 days with daily data; the other 388 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 388 days missing.

Money in, netMoney out, netMonthly basis

Daily data starts Oct 9, 2026.

How this is computed

Computed by ETFIQ from Innovator’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for APRH, back to Feb 2023, is in its flows file. Flows across every fund · How these flows are computed · Compare APRH with other funds in the flows tool

Every trading day, last 3 months12 days

Oct 26, 2026 $0

Oct 23, 2026 $0

Oct 22, 2026 $0

Oct 21, 2026 $0

Oct 20, 2026 $0

Oct 19, 2026 $0

Oct 16, 2026 $0

Oct 15, 2026 $0

Oct 14, 2026 $0

Oct 13, 2026 $0

Oct 12, 2026 $0

Oct 9, 2026 $0

Most recent first.

Week by week, last year4 weeks

Oct 26, 2026 $0 1 day

Oct 23, 2026 $0

Oct 16, 2026 $0

Oct 9, 2026 $0 1 day

Net flow into APRH each week, Oct 9, 2026 to Oct 26, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outSep 2023 to Oct 2026

in, up to +$1.9m

out, down to −$1.9mSep 2023Jul 2026

APRH, money in and money out each month from Sep 2023 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from APRH’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 36 months listed, money came in on net in 8 and went out in 11.

Every bar is from APRH’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 8 and went out in 11.

MonthInOutNet

Oct 2026 ETFIQ, the sum of its days, Oct 9 to Oct 26$0$0$0

Jul 2026 SEC Form N-PORT$0$0$0

Jun 2026 SEC Form N-PORT+$635k$0+$635k

May 2026 SEC Form N-PORT+$1.3m−$634k+$633k

Apr 2026 SEC Form N-PORT$0$0$0

Mar 2026 SEC Form N-PORT$0−$622k−$622k

Feb 2026 SEC Form N-PORT$0$0$0

Jan 2026 SEC Form N-PORT$0−$1.2m−$1.2m

Dec 2025 SEC Form N-PORT$0−$626k−$626k

Nov 2025 SEC Form N-PORT$0$0$0

Oct 2025 SEC Form N-PORT$0−$1.2m−$1.2m

Sep 2025 SEC Form N-PORT$0$0$0

Aug 2025 SEC Form N-PORT$0$0$0

Jul 2025 SEC Form N-PORT$0$0$0

Jun 2025 SEC Form N-PORT$0−$623k−$623k

May 2025 SEC Form N-PORT+$617k$0+$617k

Apr 2025 SEC Form N-PORT+$1.8m−$1.2m+$567k

Mar 2025 SEC Form N-PORT$0$0$0

Feb 2025 SEC Form N-PORT$0−$1.2m−$1.2m

Jan 2025 SEC Form N-PORT$0$0$0

Dec 2024 SEC Form N-PORT$0$0$0

Nov 2024 SEC Form N-PORT$0$0$0

Oct 2024 SEC Form N-PORT$0$0$0

Sep 2024 SEC Form N-PORT$0−$624k−$624k

Aug 2024 SEC Form N-PORT+$1.2m−$1.8m−$590k

Jul 2024 SEC Form N-PORT$0$0$0

Jun 2024 SEC Form N-PORT+$1.9m$0+$1.9m

May 2024 SEC Form N-PORT+$1.2m$0+$1.2m

Apr 2024 SEC Form N-PORT+$1.2m$0+$1.2m

Mar 2024 SEC Form N-PORT$0$0$0

Feb 2024 SEC Form N-PORT$0−$621k−$621k

Jan 2024 SEC Form N-PORT$0−$1.9m−$1.9m

Dec 2023 SEC Form N-PORT+$629k$0+$629k

Nov 2023 SEC Form N-PORT$0$0$0

Oct 2023 SEC Form N-PORT$0−$1.2m−$1.2m

Sep 2023 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 26, 2026. Last checked Oct 29, 2026.

APRH key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$25.46 on Jun 29, 2026

52-week low, daily closes to Oct 28, 2026 (ETFIQ)$24.52 on Mar 31, 2026

Close on Oct 28, 2026, within that range (ETFIQ)$24.88, 38% of the way from the low to the high

Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

APRH return of capital and tax

Return of capital, latest notice (Innovator estimate, Oct 2, 2026)65.0%

Return of capital, distributions paid Jan 2, 2026 to Oct 2, 2026 (Innovator estimates)59.4%

Notices behind that number4 of 4 distributions

Return of capital, fiscal year to Oct 31, 2025 (annual report, filed Jan 7, 2026)0.0%

Options it writes (holdings as of Jul 31, 2026)Options on the S&P 500 index, which are Section 1256 contracts

Estimates are Innovator’s Rule 19a-1 notices, made before the fund year closes. The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Oct 28, 2026

Trading · APRHas of Oct 28, 2026

Not scored2 of 6 measured · Oct 28, 2026

0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Cost for your order · one way, half its 30-day median spread

$1,000$2.200.22%

$10,000$220.22%

Premium or discount to NAV, Oct 28 close−0.04%

−0.3%95% of days within ±0.16% · the 1% band is off this scale+0.3%

How to tradeLimit: midpoint + 6¢ to buy, midpoint − 6¢ to sell.At the Oct 28 close of $24.88, that’s $24.94 to buy and $24.82 to sell.

Full trading page: components, premium history, dealers →

$0.49

$0.14

$0.52

Distributions per share for APRH 13 distributions for APRH, $0.1424 to $0.5232 a share and $0.406 in the middle, Sep 28, 2023 to Sep 30, 2026. $0.406 the middle one Sep 28, 2023 Sep 30, 2026 $0.5232 a share at the highest

Sep 2023Quarterly, per shareSep 2026

13 distributions for APRH, $0.1424 to $0.5232 a share and $0.406 in the middle, Sep 28, 2023 to Sep 30, 2026.

Latest

$0.5232

Ex Sep 30, 2026 · paid about 2 days later

Annualized

8.4%

At its price on Oct 28, 2026

Trailing 12 months

6.4%

4 payments, ex Dec 31, 2025 to Sep 30, 2026: $1.5945

Return of capital

65.0%

Latest payout (Innovator estimate)

Next, projected

APRH pays quarterly. The last distribution was $0.5232 a share, which went ex on Sep 30, 2026, with payment about 2 days later.

Every income ETF going ex-dividend in the next 14 days →

Every distribution ETFIQ holds for APRH (13, most recent first)

Sep 30, 2026$0.5232

Jun 30, 2026$0.523

Mar 31, 2026$0.406

Dec 31, 2025$0.1424

Sep 30, 2025$0.406

Jun 30, 2025$0.406

Mar 31, 2025$0.4027

Dec 31, 2024$0.4027

Sep 30, 2024$0.4027

Jun 28, 2024$0.4027

Mar 27, 2024$0.4855

Dec 28, 2023$0.4855

Sep 28, 2023$0.4855

Cash distributions per share for APRH. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

How much of what it paid out did its total return cover?

Total return as a share of the cash paid

−271.3% to 2,166.7% across 164

That is the share of the 164 income ETFs not writing on a single company sitting at or below APRH.

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Total return as a share of the cash paid: 101.6% · 60th pct, −271.3% to 2,166.7% across 164.

Covered the mostOne bar per fund · APRH in whiteCovered the least

All income ETFs ranked by this score →

Also against JEPI, JEPQ, QQQI, SPYI, QYLD, GPIQ, GPIX, RDVI, XYLD, KNG, FTHI, BALI, CAIE, ISPY, FTQI, QDTE, SDVD, FEPI, YYY, ULTY, SIXH, OVL, KHPI, PAPI, DUBS, IQQQ, PBP, IVVW, XDTE, TCAL, TSPY, YMAG, TDAQ, DJIA, QQQY, XPAY, QYLG, YLDE, EGGY, SEPI, JOYT, OVLH, MAGY, DOGG, XYLG, WDTE, XRMI, QLDY, ACEI, XIJN, OEI, SPIN, ACKY, SDTY, OARK, QDTY, XISE, BIGY, CVRD, APRJ, XIMR, DRKY, QUSA, XIDE, SCLZ, SPUT, JULH, OCTH, OCTJ, YQQQ, QRMI, JANJ, JULJ, LJAN, JANH, LOCT, LAPR, FDND, LJUL, DYLG, RNTY, FGSI, ACYN, ROCY, ROCQ, ACYS, XQQI, CAIQ, SCEP, XSPI, PAYM, CAGE, ACYQ, VAIE, ACSP, GRNI, KYLD, QVOL, ATCL, BALQ, ACQQ, YSPC, HEMI, PAYH, SIOO, XSHP, PCOV, ANV, DDDD, TLA, JUDO, PLA, DACL, AHD, NLSI, IACL, SCA, XVSP, ACBH, ACBE, TPRY, KIQQ, ODTE, MRA, ACRT, ATC, MSR, CDPI, RECI, VOOY.

About APRH

Strategydefined income

BenchmarkS&P 500 (SPY)

How the benchmark is set (ETFIQ)Its prospectus says its options are written on the S&P 500 (prospectus, Form 497K, accession 0001213900-26-038317, filed 2026-04-01, principal investment strategies); SPY tracks that index.

Paysquarterly

Net assets (issuer page, as of Oct 28, 2026)$25mReport

Latest payout, annualized (ETFIQ)8.4%

Expense ratio (497 XBRL, Apr 1, 2026)0.79%Report

Cash paid, last 12 months, over today’s price (ETFIQ)6.4%

First tradedApr 3, 2023

Return of capital, latest distribution (Innovator 19a-1 estimate)65.0%

Paysquarterly

Typical gap between ex-dates91 days

Typical wait from ex-date to payment2 days

Last paid, per share$0.5232 ex Sep 30, 2026

Cash paid in the 12 months to Oct 28, 2026, 4 distributions, ex Dec 31, 2025 to Sep 30, 2026$1.5945

How we measure

Every number is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. Method

IQ Investment Committee on APRH

12 seats on APRH, as of Oct 28, 2026: 5 Challenges, 6 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges

In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data

In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data

In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data

In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data

In the tradition ofRay DalioDalio-style All-WeatherNot enough data

In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data

In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges

In the tradition ofDavid SwensenSwensen-style DiversificationChallenges

In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges

In the tradition ofJesse LivermoreLivermore-style Trend FollowingDoes not apply

Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges

Put APRH to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about APRH

How much has APRH paid over the last year?: Over the year to Oct 28, 2026, APRH paid 6.4% of its starting price in cash distributions, while the price fell 0.0%.
Is APRH ahead of SPY?: Over the year to Oct 28, 2026, with every distribution reinvested, APRH returned +6.5% against +13.6% for S&P 500 (SPY), so a holder was behind it by 7.1 points.
How often does APRH pay, and how much?: APRH pays quarterly. The latest distribution annualizes to 8.4% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
Is the APRH distribution return of capital?: Innovator estimates 65% of the distribution paid Oct 2, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does APRH next pay a distribution?: APRH pays quarterly. The last distribution went ex on Sep 30, 2026 at $0.5232 a share.
What does APRH cost?: The prospectus expense ratio is 0.79% a year.
How much of APRH’s distribution is return of capital?: Innovator’s Rule 19a-1 notice estimates 65.0% of the distribution paid Oct 2, 2026 was return of capital. Across its notices for distributions paid Jan 2, 2026 to Oct 2, 2026, the estimate is 59.4%. The annual report for the fiscal year to Oct 31, 2025 puts it at 0.0% of distributions. Estimates come before the fund year closes and often change.

Sources and dates

Prices, APRH and SPYTiingo end-of-day · Oct 28, 2026

Fee, 0.79%Prospectus filing with the expense ratio (SEC) ↗

Net assets, $25mIssuer page · Oct 28, 2026

Return of capitalInnovator 19a-1 distribution notice ↗

DistributionsTiingo end-of-day · 13 payments

All fund filingsFund filings on SEC EDGAR ↗

IssuerInnovator page for APRH ↗

Innovator 19a-1 distribution notice ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →

Cite this pageCitation, APA and Markdown

ETFIQ, APRH, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/aprh

The payout bar for APRH, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return

Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.

Cash paid

Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.

Ahead or behind

Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.

Return of capital

The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.

Covered call

The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.

Autocallable

A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.

Barrier

The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.

Full definitions: income ETFs vocabulary page. →

Innovator ETFs: Every Fund and Its Fee→What option-income ETFs paid and made, August 2026→Every income ETF measured against SPY→Income ETFs by return of capital→Income ETFs by return of capital, fiscal year→

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APRH: APRH over 1 year: paid 6.4%, price 0.0%, total +6.5%, SPY +13.6%, −7.1 pts. Data to Oct 28, 2026.

<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/aprh"><img src="https://etfiq.com/assistant/api/embed/income/aprh.svg" alt="APRH: APRH over 1 year: paid 6.4%, price 0.0%, total +6.5%, SPY +13.6%, −7.1 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">APRH: APRH over 1 year: paid 6.4%, price 0.0%, total +6.5%, SPY +13.6%, −7.1 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/aprh">ETFIQ</a></figcaption>
</figure>

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