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Trending ETFs

Virtus InfraCap U.S. Preferred Stock ETF

Active ETF
PFFA
Payout Change
Pending
Price as of:
$21.21 +0.12 +0.57%
primary theme
Preferred Stock
PFFA (ETF)

Virtus InfraCap U.S. Preferred Stock ETF

Payout Change
Pending
Price as of:
$21.21 +0.12 +0.57%
primary theme
Preferred Stock
PFFA (ETF)

Virtus InfraCap U.S. Preferred Stock ETF

Payout Change
Pending
Price as of:
$21.21 +0.12 +0.57%
primary theme
Preferred Stock

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$21.21

$561 M

9.19%

$1.95

1.21%

Vitals

YTD Return

-7.0%

1 yr return

2.1%

3 Yr Avg Return

6.6%

5 Yr Avg Return

N/A

Net Assets

$561 M

Holdings in Top 10

36.3%

52 WEEK LOW AND HIGH

$21.1
$20.78
$25.43

Expenses

OPERATING FEES

Expense Ratio 1.21%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 35.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Preferred Stock


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$21.21

$561 M

9.19%

$1.95

1.21%

PFFA - Profile

Distributions

  • YTD Total Return -15.6%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.93%
DIVIDENDS
  • Dividend Yield 9.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus InfraCap U.S. Preferred Stock ETF
  • Fund Family Name
    Virtus
  • Inception Date
    May 15, 2018
  • Shares Outstanding
    24250004
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jay Hatfield

Fund Description

Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified.


PFFA - Performance

Return Ranking - Trailing

Period PFFA Return Category Return Low Category Return High Rank in Category (%)
YTD -7.0% -21.0% 0.3% 35.34%
1 Yr 2.1% -10.8% 13.2% 18.27%
3 Yr 6.6%* -2.2% 13.5% 3.70%
5 Yr N/A* -0.3% 12.6% N/A
10 Yr N/A* 4.1% 8.6% N/A

* Annualized

Return Ranking - Calendar

Period PFFA Return Category Return Low Category Return High Rank in Category (%)
2021 14.1% -3.4% 17.2% 2.20%
2020 -16.5% -79.5% 9.0% 95.00%
2019 19.1% 6.4% 28.5% 2.60%
2018 N/A -15.2% -3.8% N/A
2017 N/A -7.3% 19.0% N/A

Total Return Ranking - Trailing

Period PFFA Return Category Return Low Category Return High Rank in Category (%)
YTD -15.6% -21.0% 0.3% 69.83%
1 Yr 2.1% -12.2% 16.6% 28.35%
3 Yr 6.6%* -3.2% 13.5% 7.08%
5 Yr N/A* -2.3% 12.6% N/A
10 Yr N/A* 3.0% 8.6% N/A

* Annualized

Total Return Ranking - Calendar

Period PFFA Return Category Return Low Category Return High Rank in Category (%)
2021 14.1% -3.4% 17.2% 2.20%
2020 -16.5% -24.8% 9.0% 96.25%
2019 19.1% 6.4% 28.5% 2.60%
2018 N/A -14.9% -1.8% N/A
2017 N/A -5.0% 20.6% N/A

PFFA - Holdings

Concentration Analysis

PFFA Category Low Category High PFFA % Rank
Net Assets 561 M 12.9 M 16.4 B 51.11%
Number of Holdings 172 27 500 44.70%
Net Assets in Top 10 203 M 2.06 K 2.37 B 32.58%
Weighting of Top 10 36.34% 12.4% 48.5% 30.30%

Top 10 Holdings

  1. SCE Trust II 5.10% SP PERPETUAL USD 25 4.52%
  2. Crestwood Equity Partners LP 9.25 % Preferred Partnership Units -144A- 4.34%
  3. Babcock & Wilcox Enterprises Inc 7.75% PFS PERPETUAL USD 25 4.32%
  4. RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A- 4.15%
  5. SCE Trust III Trust Preference Security 2014-Without fixed maturity Gtd on 4.13%
  6. DCP Midstream LP Pfd 4.06%
  7. CenterPoint Energy Inc 7% PRF CONVERT 01/09/2021 USD 1000 - Ser B (1/20th i 4.00%
  8. South Jersey Industries Inc Units (Corporate Unit -01/04/2024) 3.79%
  9. The Necessity Retail REIT Inc Series A 3.69%
  10. Dominion Energy Inc Series A 3.45%

Asset Allocation

Weighting Return Low Return High PFFA % Rank
Preferred Stocks
115.85% 2.27% 115.85% 0.76%
Stocks
10.12% -2.67% 34.04% 9.85%
Other
1.82% -0.16% 11.21% 9.85%
Convertible Bonds
0.00% 0.00% 31.65% 95.45%
Bonds
0.00% 0.00% 83.26% 95.45%
Cash
-27.79% -27.79% 5.28% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High PFFA % Rank
Utilities
100.00% 0.00% 100.00% 13.89%
Technology
0.00% 0.00% 0.00% 75.00%
Real Estate
0.00% 0.00% 100.00% 80.56%
Industrials
0.00% 0.00% 7.56% 77.78%
Healthcare
0.00% 0.00% 4.02% 75.00%
Financial Services
0.00% 0.00% 100.00% 80.56%
Energy
0.00% 0.00% 14.14% 80.56%
Communication Services
0.00% 0.00% 1.77% 80.56%
Consumer Defense
0.00% 0.00% 0.00% 75.00%
Consumer Cyclical
0.00% 0.00% 0.00% 75.00%
Basic Materials
0.00% 0.00% 0.00% 75.00%

Stock Geographic Breakdown

Weighting Return Low Return High PFFA % Rank
US
8.14% -2.67% 34.04% 9.85%
Non US
1.98% 0.00% 2.17% 1.52%

PFFA - Expenses

Operational Fees

PFFA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.22% 2.45% 27.07%
Management Fee 0.80% 0.00% 1.00% 81.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

PFFA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

PFFA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PFFA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 12.00% 199.00% 54.67%

PFFA - Distributions

Dividend Yield Analysis

PFFA Category Low Category High PFFA % Rank
Dividend Yield 9.19% 0.00% 7.59% 0.74%

Dividend Distribution Analysis

PFFA Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PFFA Category Low Category High PFFA % Rank
Net Income Ratio 4.93% 0.88% 7.54% 22.35%

Capital Gain Distribution Analysis

PFFA Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Dividend Payout History

View More +

PFFA - Fund Manager Analysis

Managers

Jay Hatfield


Start Date

Tenure

Tenure Rank

May 15, 2018

4.05

4.1%

Mr. Hatfield is the Chief Executive Officer of Infrastructure Capital Management, LLC (“ICM”), a private investment company that he founded in 2002. Mr. Hatfield also is a co-founder of, and holds a significant interest in the general partner of, NGL Energy Partners, LP, an NYSE-listed master limited partnership (Symbol: NGL). Prior to founding ICM, Mr. Hatfield was a portfolio manager with SAC Capital Advisors. Before joining SAC, Mr. Hatfield was a Managing Director and Head of Fixed Income Research at Zimmer Lucas Partners. Mr. Hatfield began his investment banking career at Morgan Stanley & Co. Inc., where he spent over 10 years as an investment banker advising clients in the utility, power and energy industries. Mr. Hatfield began his career as an auditor and consultant at Arthur Young & Co. (now Ernst & Young), where he was a Certified Public Accountant and consultant, auditing and providing consulting services to companies in the technology, biotechnology and retailing industries. Mr. Hatfield has a Master of Business Administration degree from the Wharton School, University of Pennsylvania, where he specialized in Finance and graduated with distinction and as a member of the Beta Gamma Sigma honor society. Mr. Hatfield also has a Bachelor of Science degree in Managerial Economics from the University of California, Davis.

Edward Ryan


Start Date

Tenure

Tenure Rank

May 15, 2018

4.05

4.1%

Edward F. Ryan is a co-founder, Chief Financial Officer, and the Chief Operating Officer of Infrastructure Capital Advisors, LLC. Prior to co-founding the firm, Mr. Ryan was engaged in venture capital projects in the financial technology sector. Prior to his venture capital activities, he was founder and Managing Partner of Mansion Partners, LP, a private investment partnership focused on value stocks and special situations, which he ran for twelve years. Before launching his own investment management business, Mr. Ryan was Vice President and Director of Ansbacher (Dublin) Asset Management, Ltd., where he was part of a small team managing investments in global equity and fixed income markets for an offshore investment company and U.S. trusts and foundations. His primary investment focus was on financially troubled utilities, real estate investment trusts (REITs) and banks and thrifts. Prior to joining Ansbacher, he was an Investment Analyst and the Secretary/Treasurer at J. Rothschild Capital Management Corp., a unit of RIT Capital Partners plc. Mr. Ryan was a member of the team that launched the U.S. operation, where he evaluated U.S. investment opportunities and managed all corporate financial functions. Mr. Ryan began his career at The Bank of New York, where he was a Senior Industry Analyst specializing in the oil service industry. Mr. Ryan has a Master of Business Administration from the Graduate School of Business at Columbia University with a concentration in finance. He also has a Bachelor of Arts degree in Accounting from Saint John’s University (MN).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 6.66 11.42