Virtus InfraCap US Preferred Stock ETF
PFFA - Snapshot
Vitals
- YTD Return 1.7%
- 3 Yr Annualized Return N/A
- 5 Yr Annualized Return N/A
- Net Assets $226 M
- Holdings in Top 10 37.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.47%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 96.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) N/A
- IRA N/A
Fund Classification
-
Primary Theme
Preferred Stock
- Fund Type Exchange Traded Fund
- Investment Style Preferred Stock
PFFA - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 6.93%
- Dividend Yield 6.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVirtus InfraCap U.S. Preferred Stock ETF
-
Fund Family NameVirtus
-
Inception DateMay 15, 2018
-
Shares Outstanding10300004
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJay Hatfield
Fund Description
Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified.
PFFA - Performance
Return Ranking - Trailing
Period | PFFA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -1.5% | 1.7% | 1.25% |
1 Yr | -8.0% | -19.2% | 9.4% | 96.25% |
3 Yr | N/A* | -4.2% | 8.5% | N/A |
5 Yr | N/A* | 0.2% | 10.1% | N/A |
10 Yr | N/A* | 5.8% | 11.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | PFFA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -16.5% | -79.5% | 4.8% | 94.94% |
2019 | 19.1% | 2.3% | 20.1% | 2.63% |
2018 | N/A | -19.0% | -5.7% | N/A |
2017 | N/A | -5.0% | 18.5% | N/A |
2016 | N/A | -6.1% | 1.7% | N/A |
Total Return Ranking - Trailing
Period | PFFA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -1.5% | 1.7% | 1.25% |
1 Yr | -8.0% | -22.7% | 9.4% | 96.25% |
3 Yr | N/A* | -5.2% | 8.5% | N/A |
5 Yr | N/A* | -0.2% | 10.1% | N/A |
10 Yr | N/A* | 5.8% | 11.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PFFA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -16.5% | -24.8% | 4.8% | 96.20% |
2019 | 19.1% | 2.3% | 20.1% | 2.63% |
2018 | N/A | -19.0% | -1.8% | N/A |
2017 | N/A | -5.0% | 18.5% | N/A |
2016 | N/A | -6.1% | 7.5% | N/A |
PFFA - Holdings
Concentration Analysis
PFFA | Category Low | Category High | PFFA % Rank | |
---|---|---|---|---|
Net Assets | 226 M | 1.37 M | 19.5 B | 78.05% |
Number of Holdings | 163 | 47 | 518 | 68.29% |
Net Assets in Top 10 | 83.7 M | -276 M | 2.77 B | 62.20% |
Weighting of Top 10 | 37.66% | 12.6% | 66.4% | 18.29% |
Top 10 Holdings
- American Finance Trust Inc Series A 5.67%
- Braemar Hotels & Resorts Inc B 4.56%
- DCP Midstream LP Pfd 4.55%
- RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A- 4.55%
- SCE Trust II 5.10% SP PERPETUAL USD 25 4.52%
- CenterPoint Energy Inc 7% PRF CONVERT 01/09/2021 USD 1000 - Ser B (1/20th i 3.96%
- Colony Capital Inc Cum Conv Red Perp Pfd Registered Shs Series -I- 3.13%
- NuStar Energy LP A 2.87%
- SCE Trust VI 5% Cum Red Pfd Secs Series -L- 2.86%
- GMAC Capital Trust I Pfd Secs 2011-15.2.40 Gtd Series 2 2.82%
Asset Allocation
Weighting | Return Low | Return High | PFFA % Rank | |
---|---|---|---|---|
Preferred Stocks | 122.54% | 1.91% | 122.54% | 1.22% |
Stocks | 7.01% | 0.00% | 51.34% | 13.41% |
Other | 0.00% | 0.00% | 11.41% | 87.80% |
Convertible Bonds | 0.00% | 0.00% | 46.42% | 100.00% |
Bonds | 0.00% | -1.98% | 78.21% | 98.78% |
Cash | -29.55% | -29.55% | 17.07% | 100.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PFFA % Rank | |
---|---|---|---|---|
Utilities | 98.44% | 0.00% | 100.00% | 5.36% |
Basic Materials | 1.56% | 0.00% | 4.62% | 7.14% |
Technology | 0.00% | 0.00% | 0.00% | 76.79% |
Real Estate | 0.00% | 0.00% | 100.00% | 89.29% |
Industrials | 0.00% | 0.00% | 13.57% | 83.93% |
Healthcare | 0.00% | 0.00% | 6.54% | 83.93% |
Financial Services | 0.00% | 0.00% | 100.00% | 91.07% |
Energy | 0.00% | 0.00% | 36.11% | 80.36% |
Communication Services | 0.00% | 0.00% | 63.89% | 80.36% |
Consumer Defense | 0.00% | 0.00% | 1.98% | 76.79% |
Consumer Cyclical | 0.00% | 0.00% | 0.00% | 76.79% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PFFA % Rank | |
---|---|---|---|---|
US | 7.01% | 0.00% | 47.83% | 13.41% |
Non US | 0.00% | 0.00% | 3.51% | 79.27% |
PFFA - Expenses
Operational Fees
PFFA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.47% | 0.15% | 4.20% | 38.75% |
Management Fee | 0.80% | 0.00% | 1.21% | 80.49% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
PFFA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.00% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
PFFA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PFFA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 96.00% | 6.30% | 202.00% | 90.12% |
PFFA - Distributions
Dividend Yield Analysis
PFFA | Category Low | Category High | PFFA % Rank | |
---|---|---|---|---|
Dividend Yield | 6.39% | 0.00% | 6.39% | 1.22% |
Dividend Distribution Analysis
PFFA | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
PFFA | Category Low | Category High | PFFA % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.93% | 2.64% | 7.26% | 6.25% |
Capital Gain Distribution Analysis
PFFA | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Dividend Payout History
Date | Amount |
---|---|
Sep 29, 2020 | $0.150 |
Aug 28, 2020 | $0.150 |
Jul 28, 2020 | $0.150 |
Jun 30, 2020 | $0.150 |
May 29, 2020 | $0.150 |
Apr 28, 2020 | $0.150 |
Mar 30, 2020 | $0.150 |
Feb 28, 2020 | $0.190 |
Jan 29, 2020 | $0.190 |
Nov 29, 2019 | $0.190 |
Oct 29, 2019 | $0.190 |
Sep 30, 2019 | $0.190 |
Aug 28, 2019 | $0.190 |
Jul 30, 2019 | $0.190 |
Jun 28, 2019 | $0.190 |
May 29, 2019 | $0.190 |
Apr 30, 2019 | $0.190 |
Mar 28, 2019 | $0.190 |
Feb 28, 2019 | $0.190 |
Jan 30, 2019 | $0.190 |
Dec 28, 2018 | $0.190 |
Nov 29, 2018 | $0.190 |
Oct 30, 2018 | $0.190 |
Sep 28, 2018 | $0.190 |
Aug 29, 2018 | $0.190 |
Jul 30, 2018 | $0.190 |
PFFA - Fund Manager Analysis
Managers
Jay Hatfield
Start Date
Tenure
Tenure Rank
May 15, 2018
2.63
2.6%
Mr. Hatfield is the Chief Executive Officer of Infrastructure Capital Management, LLC (“ICM”), a private investment company that he founded in 2002. Mr. Hatfield also is a co-founder of, and holds a significant interest in the general partner of, NGL Energy Partners, LP, an NYSE-listed master limited partnership (Symbol: NGL). Prior to founding ICM, Mr. Hatfield was a portfolio manager with SAC Capital Advisors. Before joining SAC, Mr. Hatfield was a Managing Director and Head of Fixed Income Research at Zimmer Lucas Partners. Mr. Hatfield began his investment banking career at Morgan Stanley & Co. Inc., where he spent over 10 years as an investment banker advising clients in the utility, power and energy industries. Mr. Hatfield began his career as an auditor and consultant at Arthur Young & Co. (now Ernst & Young), where he was a Certified Public Accountant and consultant, auditing and providing consulting services to companies in the technology, biotechnology and retailing industries. Mr. Hatfield has a Master of Business Administration degree from the Wharton School, University of Pennsylvania, where he specialized in Finance and graduated with distinction and as a member of the Beta Gamma Sigma honor society. Mr. Hatfield also has a Bachelor of Science degree in Managerial Economics from the University of California, Davis.
Edward Ryan
Start Date
Tenure
Tenure Rank
May 15, 2018
2.63
2.6%
Edward F. Ryan is a co-founder, Chief Financial Officer, and the Chief Operating Officer of Infrastructure Capital Advisors, LLC. Prior to co-founding the firm, Mr. Ryan was engaged in venture capital projects in the financial technology sector. Prior to his venture capital activities, he was founder and Managing Partner of Mansion Partners, LP, a private investment partnership focused on value stocks and special situations, which he ran for twelve years. Before launching his own investment management business, Mr. Ryan was Vice President and Director of Ansbacher (Dublin) Asset Management, Ltd., where he was part of a small team managing investments in global equity and fixed income markets for an offshore investment company and U.S. trusts and foundations. His primary investment focus was on financially troubled utilities, real estate investment trusts (REITs) and banks and thrifts. Prior to joining Ansbacher, he was an Investment Analyst and the Secretary/Treasurer at J. Rothschild Capital Management Corp., a unit of RIT Capital Partners plc. Mr. Ryan was a member of the team that launched the U.S. operation, where he evaluated U.S. investment opportunities and managed all corporate financial functions. Mr. Ryan began his career at The Bank of New York, where he was a Senior Industry Analyst specializing in the oil service industry. Mr. Ryan has a Master of Business Administration from the Graduate School of Business at Columbia University with a concentration in finance. He also has a Bachelor of Arts degree in Accounting from Saint John’s University (MN).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.52 | 28.9 | 7.56 | 10.01 |