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InfraCap MLP ETF

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Ticker
AMZA
CUSIP
26923G103
Closing Price
$
(as of 11/08/2019)
Inception
10/01/2014
Premium/Discount
$-0.02
(as of 11/08/2019)
4PM Bid/Offer Midpoint
$4.38
(as of 11/08/2019)
Shares Outstanding
73,300,004
(as of 11/08/2019)
Daily Trading Volume
860,300.00
(as of 11/08/2019)
20 Day Average Trading Volume
634,305.00
(as of 11/08/2019)
Net Assets
$322,383,579
(as of 11/08/2019)
Investment Overview

The Fund seeks to provide exposure to midstream master limited partnerships (MLPs) with an emphasis on high current income.

Management Team

Investment Partner

Infrastructure Capital Advisors

Infrastructure Capital Advisors, LLC (ICA) is a registered investment advisor that manages an actively managed ETF and a series of hedge funds. The firm was formed in 2012 and is based in New York City.


Investment Professionals
Jay Hatfield
Jay D. Hatfield

Chief Investment Officer

Industry start date: 2000

Start date as fund Portfolio Manager: 2014

Ed Ryan
Edward Ryan

Chief Operating Officer

Industry start date: 1980

Start date as fund Portfolio Manager: 2014

Key Features
Focus on Income

Offers the potential for attractive yields and employs modest leverage to pursue compelling total return results

Actively Managed

Security selection and weightings are based on security-level fundamental analysis and technical factors instead of market capitalization

Enhanced Exposure

Modest leverage (typically 20-30%) is utilized to enhance MLP beta, and options strategies are used in an effort to enhanced current income

Positions & Distributions

Top Issuers (% Fund)
(as of 11/11/2019)
Security
ENERGY TRANSFER LP
15.18
 15.18
MPLX LP
13.88
 13.88
ENTERPRISE PRODUCTS PARTNERS
12.15
 12.15
PLAINS ALL AMER PIPELINE LP
11.59
 11.59
WESTERN MIDSTREAM PARTNERS L
7.95
 7.95
TALLGRASS ENERGY LP-CLASS A
6.71
 6.71
DCP MIDSTREAM LP
6.05
 6.05
BP MIDSTREAM PARTNERS LP
5.96
 5.96
NOBLE MIDSTREAM PARTNERS LP
5.77
 5.77
MAGELLAN MIDSTREAM PARTNERS
5.65
 5.65

Does not include cash/cash equivalents.

Distribution History2
Ex-Date Record Date Payable Date Dividend Income ST Capital Gains LT Capital Gains Distribution Total
11/20/2018 11/21/2018 11/29/2018 0.110000 0.000000 0.000000 0.110000
12/20/2018 12/21/2018 12/28/2018 0.110000 0.000000 0.000000 0.110000
01/22/2019 01/23/2019 01/30/2019 0.080000 0.000000 0.000000 0.080000
02/20/2019 02/21/2019 02/28/2019 0.080000 0.000000 0.000000 0.080000
03/20/2019 03/21/2019 03/28/2019 0.080000 0.000000 0.000000 0.080000
04/22/2019 04/23/2019 04/30/2019 0.080000 0.000000 0.000000 0.080000
05/20/2019 05/21/2019 05/29/2019 0.080000 0.000000 0.000000 0.080000
06/20/2019 06/21/2019 06/28/2019 0.080000 0.000000 0.000000 0.080000
07/22/2019 07/23/2019 07/30/2019 0.080000 0.000000 0.000000 0.080000
08/20/2019 08/21/2019 08/28/2019 0.080000 0.000000 0.000000 0.080000
09/20/2019 09/23/2019 09/30/2019 0.080000 0.000000 0.000000 0.080000
10/21/2019 10/22/2019 10/29/2019 0.080000 0.000000 0.000000 0.080000

Performance & Risk

Performance
Quarterly
As of
Monthly
As of
1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since Inception

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Sales Charge and Expenses
The Total Expense Ratio represents the Fund's Total Annual Fund Operating Expenses, which includes the management fee and other expenses where applicable, except for certain payments that are paid directly by the Fund, as described in the Prospectus. The Fund's accrued deferred tax liability, if any, is included in the Total Annual Fund Operating Expenses and is reflected each day in the Fund's NAV.
Fees & Expenses
Management Fee 0.95
Total Expense Ratio 2.40
The Total Expense Ratio represents the Fund's Total Annual Fund Operating Expenses, which includes the management fee and other expenses where applicable, except for certain payments that are paid directly by the Fund, as described in the Prospectus. The Fund's accrued deferred tax liability, if any, is included in the Total Annual Fund Operating Expenses and is reflected each day in the Fund's NAV.
Yields/Distribution Rate
(as of 10/31/2019)
30-day SEC Yield 11.55
Distribution Rate (as of 11/08/2019) 21.83

The Fund's Distribution Rate includes a return of capital. Please refer to periodic Section 19a-1 shareholder notices for estimated amounts and sources of distributions, and please see the fund's annual report for other financial details, including the fund's distribution coverage ratio, for the most recent fiscal year.

Premium/Discount
Number of Days Fund has Traded at a:
Discount Premium
Period Less than -2% -1.51% to -2.00% -1.01% to -1.50% -0.51% to -1.00% -0.01% to -0.50% 0.00% to 0.50% 0.51% to 1.00% 1.01% to 1.50% 1.51% to 2.00% Greater than 2%
2017-Q4: 10/2/2017 through 12/29/2017 0 0 0 0 18 43 2 0 0 0
2018-Q1: 1/2/2018 through 3/29/2018 0 0 0 2 18 38 3 0 0 0
2018-Q2: 4/2/2018 through 6/29/2018 0 0 0 0 17 45 2 0 0 0
2018-Q3: 7/2/2018 through 9/28/2018 0 0 0 2 29 30 2 0 0 0
2018-Q4: 10/1/2018 through 12/31/2018 0 0 0 4 31 26 1 1 0 0
2019-Q1: 1/2/2019 through 3/29/2019 0 0 0 4 20 34 3 0 0 0
2019-Q2: 4/1/2019 through 6/28/2019 0 0 0 2 29 30 2 0 0 0
2019-Q3: 7/1/2019 through 9/30/2019 0 0 0 1 48 15 0 0 0 0
Risk Considerations
Exchange-Traded Funds (ETF): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities.
MLPs: Investments in Master Limited Partnerships may be adversely impacted by tax law changes, regulation, or factors affecting underlying assets.
Energy Sector Concentration: The fund's investments are concentrated in the energy sector and may present more risks than if the fund were broadly diversified over numerous sectors of the economy.
Leverage: When a fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded.
Options: Selling call options may limit the opportunity to profit from the increase in price of the underlying asset. Selling put options risks loss if the option is exercised while the price of the underlying asset is rising. Buying options risks loss of the premium paid for those options.
Market Price/NAV: At the time of purchase and/or sale, an investor's shares may have a market price that is above or below the fund's NAV, which may increase the investor's risk of loss.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials
InfraCap MLP ETF Fact Sheet
Precision Exposure Across Non-Traditional Sources of Income
Leveraging Opportunities in Energy Infrastructure
InfraCap MLP ETF (AMZA) - Distributions and Return of Capital: How Does It Work?
Virtus ETF Ticker Menu
Holdings
Positions AMZA
IOPV Holdings AMZA
Distributions
InfraCap MLP ETF (NYSE: AMZA) Declares Distribution (Oct 2019)
InfraCap MLP ETF (NYSE: AMZA) Declares Distribution (Sept 2019)
InfraCap MLP ETF (NYSE: AMZA) Declares Distribution (July 2019)
InfraCap MLP ETF (NYSE: AMZA) Declares Distribution (June 2019)
InfraCap MLP ETF (NYSE: AMZA) Declares Distribution (February 2019)
InfraCap MLP ETF (NYSE: AMZA) Declares Distribution (January 2019)
InfraCap MLP ETF Press-Release - Change to Distribution Policy - January 16, 2019
InfraCap MLP ETF (AMZA) 2019 Distribution Calendar
Financial Materials
InfraCap MLP ETF (AMZA) Prospectus - March 1, 2019
ETFis Series Trust I XBRL 485(b)
ETFis Series Trust I XBRL 497
InfraCap MLP ETF (AMZA) SAI - March 1, 2019
ETFis Series Trust I Annual Report 2018
ETFis Series Trust I Semi-Annual Report - April 2019
InfraCap MLP ETF (AMZA) - Form 8937 - December 2018
Section 19a Notices
InfraCap MLP ETF - AMZA - 19a-1 (Oct 2019)
InfraCap MLP ETF - AMZA - 19a-1 (Aug 2019)
InfraCap MLP ETF - AMZA - 19a-1 (July 2019)
InfraCap MLP ETF - AMZA - 19a-1 (June 2019)
InfraCap MLP ETF - AMZA - 19a-1 (April 2019)
InfraCap MLP ETF - AMZA - 19a-1 (March 2019)
InfraCap MLP ETF - AMZA - 19a-1 (Feb 2019)
InfraCap MLP ETF - AMZA - 19a-1 (Jan 2019)
InfraCap MLP ETF - AMZA - 19a-1 (Dec 2018)
InfraCap MLP ETF - AMZA - 19a-1 (Nov 2018)
News Releases/Communications
InfraCap MLP ETF (AMZA) - Distributions and Return of Capital: How Does It Work?

Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. Contact us at 1-888-383-0553 or visit www.virtus.com for a copy of the Fund's prospectus. Read the prospectus carefully before you invest or send money.

The Fund is an actively managed exchange-traded fund (“ETF”) and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index.

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.

Closing Price:
 The Closing Price is the price of the last reported trade on the fund's primary exchange. If there has been no reported trade for a particular date, the Closing Price represents the 4PM Bid/Offer Midpoint. 

4PM Bid/Offer Midpoint: The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00pm Eastern Time).

Premium/Discount: The amount the Fund is trading above or below the reported NAV (based on 4PM Bid/Offer Midpoint).

The Fund is an exchange-traded fund (“ETF”). The “net asset value” (NAV) of the Fund is determined at the close of each business day, and represents the dollar value of one share of the Fund; it is calculated by taking the total assets of the Fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV of the Fund is not necessarily the same as its intraday trading value. Fund investors should not expect to buy or sell shares at NAV because shares of ETFs such as the Fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Thus, shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV, and include the reinvestment of all dividends and other distributions (reinvested at the Fund's NAV on distribution ex-date). Market price returns are calculated using the 4:00 pm midpoint between the bid and offer, and include the reinvestment of all dividends and other distributions (reinvested at the 4:00pm bid/offer midpoint on distribution ex-date). Market price returns do not represent the return you would receive if you traded at other times.

30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change.

Distribution Rate is the annual rate that an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the Fund and does not represent total return of the Fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.

2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain

Returns for periods of less than one year are cumulative total returns.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.

Distributed by ETF Distributors LLC

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