# Innovator Premium Income 40 Barrier ETF - April (APRQ) ETF

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> **Markdown feed:** https://www.stockexpertai.com/etf/aprq.md  
> **Last updated:** 2026-03-15 UTC  
> **Disclaimer:** This is not financial advice. Educational purposes only.

## Quick Answer

The fund invests at least 80% of its net assets in U.S. 0.79% expense ratio, $19M AUM, 2 holdings, inception 2023.

## Fund Snapshot

- **Fund Name:** Innovator Premium Income 40 Barrier ETF - April
- **Symbol:** APRQ
- **Asset Class:** Equity
- **Issuer:** Innovator
- **Domicile:** US
- **Expense Ratio:** 0.79%
- **NAV:** $24.89
- **AUM:** $19.28M
- **Inception Date:** 2023-04-03
- **Holdings Count:** 2
- **Dividend Yield:** 507.00%
- **Beta:** 0.00

## About Innovator Premium Income 40 Barrier ETF - April

The fund invests at least 80% of its net assets in U.S. Treasury bills (the “U.S. Treasuries”) and FLexible EXchange® Options (“FLEX Options”) that are based on the value of a broad-based U.S. equity index, such as the S&P 500® Price Return Index (the “U.S. Equity index”). FLEX options are exchange-traded option contracts with uniquely customizable terms. The fund is non-diversified.

## Investment Strategy

The fund invests at least 80% of its net assets in U.S. Treasury bills (the “U.S. Treasuries”) and FLexible EXchange® Options (“FLEX Options”) that are based on the value of a broad-based U.S. Innovator Premium Income 40 Barrier ETF - April provides exposure to the equity market. The portfolio is concentrated with 2 holdings. Sector allocation is spread across 11 sectors, with Technology as the largest at 32.0%.

## Risk Profile

Innovator Premium Income 40 Barrier ETF - April holds only 2 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. A beta of 0.00 indicates lower volatility relative to the broader market. The 0.79% expense ratio is above average and will reduce net returns over time. With $19M in assets, the fund may face liquidity constraints and wider bid-ask spreads.

## Sector Allocation

- Technology: 32.0%
- Financial Services: 13.7%
- Consumer Cyclical: 11.6%
- Healthcare: 10.5%
- Communication Services: 9.9%
- Industrials: 7.4%
- Consumer Defensive: 5.5%
- Energy: 3.1%
- Utilities: 2.5%
- Real Estate: 2.1%
- Basic Materials: 1.7%

## Country Allocation

- Other: 100.0%

## Frequently Asked Questions

### What is Innovator Premium Income 40 Barrier ETF - April (APRQ)?

The fund invests at least 80% of its net assets in U.S. Treasury bills (the “U.S. It holds 2 securities. With $19M in assets under management, it is a funds in its category.

### What is the expense ratio for APRQ?

Innovator Premium Income 40 Barrier ETF - April has an expense ratio of 0.79%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $79. Lower expense ratios generally lead to better long-term returns, all else being equal.

### What sectors does APRQ invest in?

Innovator Premium Income 40 Barrier ETF - April allocates across 11 sectors. The largest sector exposures are Technology (32.0%), Financial Services (13.7%), Consumer Cyclical (11.6%). The sector allocation provides broad market exposure across multiple industries.

### How long has APRQ been around?

Innovator Premium Income 40 Barrier ETF - April was launched in 2023, making it 3 years old. It is a relatively newer fund with a shorter track record. It is managed by Innovator.

### Does APRQ pay dividends?

Yes, Innovator Premium Income 40 Barrier ETF - April currently offers a dividend yield of approximately 5.07%. This is a high-yield ETF relative to the broader market. Dividend distributions are typically paid quarterly, though the amount can vary.

## Data Sources

- Yahoo Finance (ETF bundle)
- Issuer prospectus
- Stock Expert AI proprietary analysis

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