Key stats
About Virtus InfraCap U.S. Preferred Stock ETF
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Inception date
May 15, 2018
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Virtus Advisers LLC
Distributor
VP Distributors LLC
ISIN
US26923G8226
PFFA is an actively managed preferred stock ETF that focuses on preferred equity listed in the US and utilizes a variety of active management strategies. Specifically, the portfolio manager analyzes companies based on fundamentals while generally eliminating exposure to callable securities. A distinguishing characteristic of PFFA is that it uses margin to modestly leverage the portfolio, with a target leverage of 15-25% and a cap of 33% of fund assets (an effective maximum leverage ratio of 1.25x). The fund may engage in active and frequent trading of portfolio securities, at its discretion, to meet its investment objectives.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Stocks0.23%
Utilities0.13%
Miscellaneous0.06%
Bonds, Cash & Other99.77%
Corporate123.18%
Miscellaneous0.45%
Cash−23.86%
Stock breakdown by region
North America99.32%
Europe0.68%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PFFA top holdings are SCE Trust IV Cum Trust Preferred Secs Series J and Energy Transfer LP Fixed Rate Perp Pfd Units Series I, occupying 3.48% and 2.61% of the portfolio correspondingly.
PFFA last dividends amounted to 0.17 USD. The month before, the issuer paid 0.17 USD in dividends,
PFFA assets under management is 1.86 B USD. It's risen 4.76% over the last month.
PFFA fund flows account for 592.18 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PFFA pays dividends to its holders with the dividend yield of 9.29%. The last dividend (Sep 29, 2025) amounted to 0.17 USD. The dividends are paid monthly.
PFFA shares are issued by Virtus Investment Partners, Inc. under the brand Virtus. The ETF was launched on May 15, 2018, and its management style is Active.
PFFA expense ratio is 2.48% meaning you'd have to pay 2.48% of your investment to help manage the fund.
PFFA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PFFA invests in bonds.
PFFA price has fallen by −0.41% over the last month, and its yearly performance shows a −4.19% decrease. See more dynamics on PFFA price chart.
NAV returns, another gauge of an ETF dynamics, showed a 7.98% increase in three-month performance and has increased by 4.47% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 7.98% increase in three-month performance and has increased by 4.47% in a year.
PFFA trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.