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Elkhorn S&P High Quality Preferred ETF (EPRF)
Fund Details
Intraday NAV
Expense Ratio
Distribution Frequency
Number of Holdings
 Fund Literature
Elkhorn Preferred ETF Switching Strategy
Sign up today to receive an email with a simple month end strategy evaluating changes in credit risk to help investors move between a high quality preferred ETF and a broad market preferred ETF.
Index Details
Rebalance Frequency
Modified Equal
Trading Details
Bid/Ask Midpoint
$0.01 / 0.05%
Closing Price
Shares Outstanding
Market Value
As of 3/19/2018
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The first high quality preferred ETF. Managing risk in preferreds.
The Elkhorn S&P High Quality Preferred ETF is based on the S&P U.S. High Quality Preferred Stock Index, which selects fixed-rate investment grade preferred issues (BBB- or higher) from U.S. listed preferred stocks and maintains an allocation of 75% to cumulative preferreds.
Top 10 Holdings
As of 3/19/2018
NameCouponS&P / Moody's RatingIndustry GroupWeight
Northern Trust Corp5.85BBB+ / Baa1Diversified Financials2.79%
US Bancorp5.15BBB / A3Banks2.78%
Bank of New York Mellon5.2BBB / Baa1Diversified Financials2.76%
Stanley Black & Decker Inc5.75BBB+ / Baa2Capital Goods2.76%
Duke Energy Corp5.125BBB / Baa2Utilities2.76%
Selective Insurance Group5.875BBB- / Baa2Insurance2.75%
Ares Management7NR / NRDiversified Financials2.74%
Renaissancere Holdings Ltd5.375BBB+ / Baa2Insurance2.73%
PPL Capital Funding Inc5.9BBB / Baa3Utilities2.73%
PNC Financial Services5.375BBB- / Baa2Banks2.73%
Subject to change
As of 12/31/2017
  YTD 1 yr 3 yr 5 yr 10 yr Since Inception
Fund NAV 9.20% 9.20% - - - 2.41%
Fund Share Price 8.94% 9.08% - - - 2.30%
S&P U.S. High Quality Preferred Index 9.97% 9.96% - - - 3.14%
S&P U.S. Preferred Stock Index 9.11% 9.16% - - - 4.76%
Share price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. Returns less than one year are cumulative. Call 630.355.4676 for current month-end performance.
Industry Group Allocation
As of 3/19/2018
Industry Group
Diversified Financials
Real Estate
Capital Goods
Subject to change
As of 3/19/2018 Export Holdings
NameCouponS&P / Moody's RatingIndustry GroupWeightMarket Value
Northern Trust Corp5.85BBB+ / Baa1Diversified Financials2.79%$554,943.55
US Bancorp5.15BBB / A3Banks2.78%$552,658.56
Bank of New York Mellon5.2BBB / Baa1Diversified Financials2.76%$549,410.40
Stanley Black & Decker Inc5.75BBB+ / Baa2Capital Goods2.76%$548,959.40
Duke Energy Corp5.125BBB / Baa2Utilities2.76%$548,739.68
Selective Insurance Group5.875BBB- / Baa2Insurance2.75%$545,902.40
Ares Management7NR / NRDiversified Financials2.74%$544,293.75
Renaissancere Holdings Ltd5.375BBB+ / Baa2Insurance2.73%$542,624.60
PPL Capital Funding Inc5.9BBB / Baa3Utilities2.73%$542,483.76
PNC Financial Services5.375BBB- / Baa2Banks2.73%$542,224.89
PartnerRe Ltd5.125BBB+ / A3Insurance2.70%$537,130.80
PartnerRe Ltd5.125BBB+ / A3Insurance2.70%$537,130.80
Charles Schwab Corp6BBB / Baa2Diversified Financials2.70%$536,679.64
Southern Co/The5BBB / A3Utilities2.69%$534,365.20
Carlyle Group LP/The5.875BBB- / NRDiversified Financials2.65%$527,195.76
Apollo Global Management6.375BBB+ / NRDiversified Financials2.65%$525,811.13
National Retail Properties Inc5.2BBB- / Baa2Real Estate2.61%$519,210.60
SCE Trust IV5.0BBB- / Baa1Utilities2.59%$513,856.00
Senior Housing Property Trust5.625BBB- / Baa3Real Estate2.58%$512,294.18
Welltower Inc6.5BBB- / Baa2Real Estate2.58%$512,131.60
Federal Realty Investment Trus5BBB / Baa1Real Estate2.52%$500,444.07
Prudential Plc6.75A- / Baa1Insurance1.40%$277,586.21
Prudential Financial Inc5.75BBB+ / Baa2Insurance1.38%$274,475.16
Bank of America Corp7BBB- / Baa3Banks1.38%$273,710.70
Prudential Plc6.5A- / Baa1Insurance1.38%$273,501.90
State Street Corp6BBB / Baa1Diversified Financials1.38%$273,391.89
Prudential Financial Inc5.7BBB+ / Baa2Insurance1.37%$273,175.56
Axis Capital Hldgs Ltd5.5BBB / Baa3Insurance1.37%$273,068.06
State Street Corp5.25BBB / Baa1Diversified Financials1.37%$272,297.85
Validus Holdings Ltd5.875BBB- / Baa3Insurance1.37%$272,226.24
Nextera Energy Capital5.125BBB / Baa2Utilities1.37%$272,178.38
KKR Financial Holdings5.875NR / Baa2Diversified Financials1.37%$272,109.32
Nextera Energy Capital5BBB / Baa2Utilities1.37%$271,861.59
Validus Holdings Ltd5.80BBB- / Baa3Insurance1.37%$271,689.03
Axis Capital Holdings Ltd5.5BBB / Baa3Insurance1.37%$271,657.50
KKR & Co LP6.5BBB+ / NRDiversified Financials1.36%$271,013.22
Arch Capital Group Ltd5.45BBB / NRInsurance1.34%$266,952.00
Arch Capital Group Ltd5.25NR / Baa3Insurance1.33%$265,075.29
Bank of America Corp7.375BBB- / Baa3Banks1.33%$264,690.30
Aegon N.V.8BBB / Baa1Insurance0.94%$186,119.97
Aegon N.V.6.5BBB / Baa1Insurance0.93%$185,439.93
Aegon N.V.6.375BBB / Baa1Insurance0.93%$184,318.43
HSBC Holdings Plc6.2BBB- / Baa1Banks0.92%$182,475.15
HSBC Holdings Plc8.125BBB- / Baa1Banks0.91%$180,691.30
HSBC Holdings Plc8BBB- / Baa1Banks0.90%$178,374.66
PS Business Parks Inc5.75BBB / Baa2Real Estate0.67%$132,756.06
PS Business Parks Inc5.2BBB / Baa2Real Estate0.65%$129,472.00
PS Business Parks Inc5.25BBB / Baa2Real Estate0.65%$129,219.30
PS Business Parks Inc5.2NR / Baa2Real Estate0.63%$125,903.28
BB&T Corporation5.85BBB- / Baa1Banks0.56%$110,695.97
BB&T Corporation5.2BBB- / Baa1Banks0.56%$110,313.58
BB&T Corporation5.625BBB- / Baa1Banks0.55%$109,921.33
BB&T Corporation5.625BBB- / Baa1Banks0.55%$109,277.28
BB&T Corporation5.2BBB- / Baa1Banks0.55%$109,043.99
Kimco Realty Corp6BBB- / Baa2Real Estate0.55%$108,338.96
Kimco Realty Corp5.625BBB- / Baa2Real Estate0.52%$103,623.68
Kimco Realty Corp5.5BBB- / Baa2Real Estate0.52%$102,546.85
Kimco Realty Corp5.125BBB- / Baa2Real Estate0.50%$98,522.16
Kimco Realty Corp5.25BBB- / Baa2Real Estate0.49%$97,129.20
JPMorgan Chase & Co5.45BBB- / Baa3Banks0.46%$91,408.90
JPMorgan Chase & Co6.15BBB- / Baa3Banks0.46%$90,435.66
JPMorgan Chase & Co6.1BBB- / Baa3Banks0.45%$90,337.74
JPMorgan Chase & Co6.125BBB- / Baa3Banks0.45%$90,291.84
JPMorgan Chase & Co6.3BBB- / Baa3Banks0.45%$90,124.32
JPMorgan Chase & Co6.7BBB- / Baa3Banks0.45%$89,560.10
Wells Fargo & Company8BBB / Baa2Banks0.28%$54,873.25
Wells Fargo & Company6BBB / Baa2Banks0.27%$53,922.60
Wells Fargo REIT6.375BBB+ / NRDiversified Financials0.27%$53,896.20
Wells Fargo & Company5.25BBB / Baa2Banks0.27%$53,731.26
Wells Fargo & Company5.5BBB / Baa2Banks0.27%$53,699.22
Wells Fargo & Company5.125NR / Baa2Banks0.27%$53,685.45
Wells Fargo & Company5.2BBB / Baa2Banks0.27%$53,570.82
Wells Fargo & Company6BBB / Baa2Banks0.27%$53,520.18
Wells Fargo & Company5.7BBB / Baa2Banks0.27%$53,276.85
Wells Fargo & Company5.625BBB / Baa2Banks0.27%$53,181.15
Public Storage5.625BBB+ / A3Real Estate0.25%$49,797.00
Public Storage6.375BBB+ / A3Real Estate0.25%$49,682.88
Public Storage5.375BBB+ / A3Real Estate0.25%$49,401.60
Public Storage5.875BBB+ / A3Real Estate0.25%$49,173.08
Public Storage5.4NR / A3Real Estate0.25%$49,037.31
Public Storage7.5BBB / Baa2Real Estate0.25%$48,890.94
Public Storage5.2BBB+ / A3Real Estate0.24%$48,673.92
Public Storage5.15BBB+ / A3Real Estate0.24%$48,495.24
Public Storage4.95BBB+ / A3Real Estate0.24%$48,336.00
Public Storage5.05BBB+ / A3Real Estate0.24%$48,192.18
Public Storage4.9BBB+ / A3Real Estate0.24%$47,971.44
Subject to change
Ex-Dividend Date Record Date Payable Date Total Distribution Tax Information
12/22/2017 12/26/2017 12/29/2017 $0.16711  
11/24/2017 11/27/2017 11/30/2017 $0.11200 Form 19A
10/24/2017 10/27/2017 10/31/2017 $0.11200 Form 19A
9/25/2017 9/26/2017 9/29/2017 $0.11200 Form 19A
8/24/2017 8/28/2017 8/31/2017 $0.11200 Form 19A
7/24/2017 7/26/2017 7/31/2017 $0.11200 Form 19A
6/26/2017 6/28/2017 6/30/2017 $0.11200 Form 19A
5/24/2017 5/26/2017 5/31/2017 $0.11200 Form 19A
4/24/2017 4/26/2017 4/28/2017 $0.14000 Form 19A
3/24/2017 3/28/2017 3/31/2017 $0.14000  
2/23/2017 2/27/2017 3/2/2017 $0.11200 Form 19A
1/25/2017 1/27/2017 1/31/2017 $0.11200 Form 19A
12/22/2016 12/27/2016 12/29/2016 $0.11200 Form 19A
11/23/2016 11/28/2016 11/30/2016 $0.11200 Form 19A
10/25/2016 10/27/2016 10/31/2016 $0.11200 Form 19A
9/22/2016 9/26/2016 9/28/2016 $0.15000  
8/25/2016 8/29/2016 8/31/2016 $0.07527  
7/25/2016 7/27/2016 7/29/2016 $0.12400  
Subject to change
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks.
The fund invests in preferred securities which may be subject to many of the risks associated with debt securities, including interest rate risk. The fund invests in equity securities which may be subject to volatile price fluctuations. Because the fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in share price.
S&P U.S. Preferred Stock Index represents the US preferred stock market. One cannot invest directly in an index.
Credit ratings apply the Index, not the fund itself. S&P and Moody's study the financial condition of an entity to ascertain its creditworthiness. The credit ratings reflect the rating agency's opinion of the holdings financial condition and histories. For information on the rating agencies methodology, visit http://www.standardandpoors.com or https://www.moodys.com.
This fund is new and has a limited operating history.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00pm eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.
Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Units only, typically consisting of 50,000 Shares.
An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call 630.384.8700 or visit www.elkhorn.com. Read the prospectus carefully before investing.
Foreside Fund Services, LLC is the distributor of Elkhorn exchange-traded funds.