Virtus InfraCap U.S. Preferred Stock ETF
The Fund seeks current income and, secondarily, capital appreciation through a portfolio of preferred securities issued by U.S. companies with market capitalizations of over $100 million.
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.
Jay D. Hatfield
Chief Investment Officer
Industry start date: 2000
Start date as fund Portfolio Manager: 2018
Chief Operating Officer
Industry start date: 1980
Start date as fund Portfolio Manager: 2018
Focus on Income
Offers the potential for attractive yields, while pursuing compelling total return results
Security selection and weightings are based on a variety of quantitative, qualitative, and relative valuation factors
Modest leverage (typically 20-30%) is utilized to enhance portfolio beta, and options strategies are used in an effort to enhance current income
Positions & Distributions
Top Holdings (% Fund)
|SCE TRUST II 5.100||
|AMERICAN FINANCE TRUST 7.500||
|DCP MIDSTREAM LP 7.875||
|BRAEMAR HOTELS & RESORTS 5.500||
|CENTERPOINT ENERGY INC 7.000 09/01/2021||
|GMAC CAPITAL TRUST I 7.477 02/15/2040||
|SCE TRUST VI 5.000||
|NUSTAR ENERGY LP 8.500||
|NUSTAR ENERGY LP 9.000||
|COLONY NORTHSTAR INC 7.150||
Does not include cash/cash equivalents.
|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.
Fees & Expenses
|Total Expense Ratio||2.01|
Sales Charge and Expenses
Yields/Distribution Rate(as of 05/29/2020)
|30-day SEC Yield||9.63|
|Distribution Rate (as of 07/01/2020)||9.93|
|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%|
|2018-Q3: 7/2/2018 through 9/28/2018||0||0||0||0||9||40||13||0||0||1|
|2018-Q4: 10/1/2018 through 12/31/2018||0||0||0||0||6||43||13||0||0||1|
|2019-Q1: 1/2/2019 through 3/29/2019||0||0||0||0||2||35||23||1||0||0|
|2019-Q2: 4/1/2019 through 6/28/2019||0||0||0||0||1||48||14||0||0||0|
|2019-Q3: 7/1/2019 through 9/30/2019||0||0||0||0||0||63||1||0||0||0|
|2019-Q4: 10/1/2019 through 12/31/2019||0||0||0||0||8||55||1||0||0||0|
|2020-Q1: 1/2/2020 through 3/31/2020||3||0||2||1||6||37||8||3||1||1|
|2020-Q2: 4/1/2020 through 6/30/2020||0||0||0||6||13||25||12||2||1||4|
Documents & Resources
|Virtus InfraCap U.S. Preferred Stock ETF (PFFA) Distribution - June 2020|
|Virtus InfraCap U.S. Preferred Stock ETF (PFFA) Distribution - May 2020|
|Virtus InfraCap U.S. Preferred Stock ETF (PFFA) Distribution - Apr 2020|
|Virtus InfraCap U.S. Preferred Stock ETF (PFFA) Distribution - Mar 2020|
|Virtus InfraCap U.S. Preferred Stock ETF (PFFA) Distribution - Jan 2020|
|Virtus InfraCap U.S. Preferred Stock ETF (PFFA) 2020 Distribution Calendar|
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.virtusetfs.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.