InfraCap REIT Preferred ETF
The Fund seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Indxx REIT Preferred Stock Index.
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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.
Learn more about Infrastructure Capital Advisors
Jay D. Hatfield
Chief Investment Officer
Industry start date: 2000
Start date as fund Portfolio Manager: 2017
Chief Operating Officer
Industry start date: 1980
Start date as fund Portfolio Manager: 2017
The only ETF offering a diversified investment in preferred securities issued by Real Estate Investment Trusts (REITs)
REIT preferreds tend to offer attractive yield potential, both fixed income and equity characteristics, and low equity beta
Advantages Over Traditional Preferreds
These securities are also typically exposed to less leverage with generally more predictable revenue streams than those issued by banks and insurance companies
Positions & Distributions
Top Holdings (% Fund)
|MONMOUTH REIT 6.125||
|ANNALY CAPITAL MGMT 6.950||
|PS BUSINESS PARKS INC 4.875||
|DIVERSIFIED HEALTHCARE T 5.625 08/01/2042||
|VORNADO REALTY TRUST 5.250||
|COLONY CAPITAL INC 7.150||
|OFFICE PPTY INCOME TRST 5.875 05/01/2046||
|COLONY CAPITAL INC 7.125||
|VORNADO REALTY TRUST 5.400||
|AGNC INVESTMENT CORP 6.125||
Does not include cash/cash equivalents.
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.
Fees & Expenses
|Total Expense Ratio||0.45|
Sales Charge and Expenses
Yields/Distribution Rate(as of 12/31/2020)
|30-day SEC Yield||5.76|
|Distribution Rate (as of 01/20/2021)||6.11|
|Ex-Date||Record Date||Payable Date||Dividend Income||ST Capital Gains||LT Capital Gains||Distribution Total|
Please view the Fund’s Section 19-a notices, which set forth information regarding the composition of the distributions, including any portion that may constitute a return of capital.
|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%|
|2019-Q1: 1/2/2019 through 3/29/2019||0||0||0||2||36||23||0||0||0||0|
|2019-Q2: 4/1/2019 through 6/28/2019||0||0||0||0||10||51||2||0||0||0|
|2019-Q3: 7/1/2019 through 9/30/2019||0||0||0||0||2||61||1||0||0||0|
|2019-Q4: 10/1/2019 through 12/31/2019||0||0||0||1||6||56||1||0||0||0|
|2020-Q1: 1/2/2020 through 3/31/2020||1||1||2||1||4||47||2||1||1||2|
|2020-Q2: 4/1/2020 through 6/30/2020||1||0||2||1||11||42||2||2||2||0|
|2020-Q3: 7/1/2020 through 9/30/2020||0||0||0||0||29||35||0||0||0||0|
|2020-Q4: 10/1/2020 through 12/31/2020||0||0||0||1||24||39||0||0||0||0|
Documents & Resources
|2021 Distribution Calendar - ETF|
|Virtus InfraCap REIT Preferred ETF (PFFR) Distribution - Oct 2020|
|Virtus InfraCap REIT Preferred ETF (PFFR) Distribution - June 2020|
|Virtus InfraCap REIT Preferred ETF (PFFR) Distribution - May 2020|
|Virtus InfraCap REIT Preferred ETF (PFFR) Distribution - Apr 2020|
|Virtus InfraCap REIT Preferred ETF (PFFR) Distribution - Mar 2020|
|Virtus InfraCap REIT Preferred ETF (PFFR) Distribution - Jan 2020|
Section 19a Notices
|InfraCap REIT Preferred Stock ETF - PFFR - 19a-1 (Dec 2020)|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - Nov 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - Oct 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - Sept 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a -1 - Aug 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - June 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - July 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - May 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - Apr 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - Mar 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - Feb 2020|
|InfraCap REIT Preferred ETF (PFFR) 19a-1 - Jan 2020|
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.
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.
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.