Infracap MLP ETF
The Fund is an actively managed exchange-traded fund invested primarily in the U.S. midstream energy infrastructure sector, a vital component of the overall oil & gas industry. It strives to generate total return through capital appreciation, a high level of current income, and steady growth in the income stream. The Fund invests in equity securities of publicly-traded master limited partnerships and limited liability companies taxed as partnerships ('MLPs') as well as related general partners. Weightings are based on estimated total return and company fundamentals instead of market capitalization. These volume based businesses are principally involved in the gathering, processing, transportation, and storage of crude oil, natural gas, natural gas liquids, and refined products and typically generate and distribute substantial cash flow to their owners. They may be well positioned to benefit from future expansion of U.S. energy infrastructure. These investments offer the potential for attractive yields without a strong correlation to interest rates. The beneficial tax features of the Fund include 1099 tax reporting (no K-1s), qualified dividend potential, and quarterly income distributions. The Fund's structure has the potential for the delivery of tax deferred income. Options strategies are used in an effort to enhance current income and manage risk.
Infrastructure Capital Advisors
Infrastructure Capital Advisors, LLC (ICA) is an SEC-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.
Jay D. Hatfield
Industry start date: 2000
Start date with fund: 2014
Industry start date: 1980
Start date with fund: 2014
Positions & Distributions
|Security||% of Portfolio|
|ENERGY TRANSFER PARTNERS LP||
|WILLIAMS PARTNERS LP||
|BUCKEYE PARTNERS LP||
|ENERGY TRANSFER EQUITY LP||
|ENBRIDGE ENERGY PARTNERS LP||
|ENTERPRISE PRODUCTS PARTNERS||
|ENLINK MIDSTREAM PARTNERS LP||
|TESORO LOGISTICS LP||
|Ex-Date||Record Date||Payable Date||Dividend Income||ST Capital Gains||LT Capital Gains||Distribution Total|
Performance & Risk
|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
Fees & Expenses
|Gross Expense Ratio||1.36|
|Distribution Yield (as of 07/24/2017)||21.51|
|SEC Yields (as of 06/30/2017)|
|SEC Yield Subsidized:||8.22|
|Number of Days Fund has Traded at a:|
|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%|
|2014-Q4: 10/2/2014 through 12/31/2014||0||1||1||2||21||30||2||1||1||4|
|2015-Q1: 1/2/2015 through 3/31/2015||1||0||0||0||8||44||8||0||0||0|
|2015-Q2: 4/1/2015 through 6/30/2015||3||5||5||3||4||22||12||0||1||8|
|2015-Q3: 7/1/2015 through 9/30/2015||1||1||0||0||7||35||13||3||1||3|
|2015-Q4: 10/1/2015 through 12/31/2015||0||0||0||2||9||26||20||6||1||0|
|2016-Q1: 1/4/2016 through 3/31/2016||0||0||0||2||5||13||19||11||4||7|
|2016-Q2: 4/1/2016 through 6/30/2016||0||0||0||2||7||31||19||4||0||1|
|2016-Q3: 7/1/2016 through 9/30/2016||0||1||1||1||9||29||16||6||1||0|
|2016-Q4: 10/3/2016 through 12/30/2016||0||0||1||0||10||34||9||4||3||2|
|2017-Q1: 1/3/2017 through 3/31/2017||0||0||0||0||6||51||3||1||1||0|
|2017-Q2: 4/3/2017 through 6/30/2017||0||0||0||0||6||57||0||0||0||0|
Documents & Resources
Section 19a Notices
|InfraCap MLP ETF 19a1 (April 2017)|
|InfraCap MLP Fund 19a-1 (April 2015)|
|InfraCap MLP Fund 19a-1 (Jan 2017)|
|InfraCap MLP Fund 19a-1 (Jan 16)|
|InfraCap MLP Fund 19a-1 (July 2015)|
|InfraCap MLP Fund 19a-1 (Oct 2016)|
|InfraCap MLP Fund 19a-1 (Jan 2015)|
|InfraCap MLP Fund 19a-1 (Jan 16)|
|InfraCap MLP Fund 19a-1 (Oct 2015)|
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.
SEC Yield is an annualized yield that is calculated by dividing the investment income earned by the Fund less expenses over the most recent 30 day period by the current NAV at the end of the 30 day period. The Subsidized Yield reflects fee waivers and/or expense reimbursements recorded by the Fund during the period. Without waivers and/or reimbursements, yields would be reduced. The Unsubsidized Yield does not adjust for any fee waivers and/ or expense reimbursements in effect. If the Fund does not incur any fee waivers and/or expense reimbursements during the period, the Subsidized Yield and Unsubsidized Yield will be identical.
Distribution Yield is the annual yield that an investor would receive if the most recent distribution remained the same going forward. The yield represents a single distribution from the Fund and does not represent total return of the Fund. The distribution yield is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.
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