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Innovator S&P Investment Grade Preferred ETF (EPRF) ETF Bio

The investment objective of the Innovator S&P High Quality Preferred ETF seeks to invest at least 90% of its total assets in U.S.-listed preferred stocks that comprise the S&P U.S. High Quality Preferred Stock Index. In general, preferred stock is a class of equity security that pays a specified dividend that must be paid before any dividends can be paid to common stockholders, and which takes precedence over common stock in the event of the company’s liquidation.