InfraCap REIT Preferred ETF
PFFR - Snapshot
Vitals
- YTD Return 0.1%
- 3 Yr Annualized Return 3.7%
- 5 Yr Annualized Return N/A
- Net Assets $58.9 M
- Holdings in Top 10 22.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.45%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 38.00%
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
PFFR - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.75%
- Dividend Yield 4.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInfraCap REIT Preferred ETF
-
Fund Family NameVirtus
-
Inception DateFeb 07, 2017
-
Shares Outstanding2500004
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerEdward Ryan
Fund Description
Under normal market conditions, the fund will invest not less than 90% of its assets in component securities of the underlying index. The underlying index is comprised of preferred securities listed on U.S. exchanges that are issued by real estate investment trusts ("REITs"). The fund is non-diversified.
PFFR - Performance
Return Ranking - Trailing
Period | PFFR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -1.9% | 1.3% | 25.00% |
1 Yr | -0.1% | -19.2% | 9.4% | 88.75% |
3 Yr | 3.7%* | -4.2% | 8.5% | 93.06% |
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 | PFFR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -6.3% | -79.5% | 4.8% | 86.08% |
2019 | 13.5% | 2.3% | 20.1% | 27.63% |
2018 | -12.8% | -19.0% | -5.7% | 73.91% |
2017 | N/A | -5.0% | 18.5% | N/A |
2016 | N/A | -6.1% | 1.7% | N/A |
Total Return Ranking - Trailing
Period | PFFR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -1.9% | 1.3% | 25.00% |
1 Yr | -0.1% | -22.7% | 9.4% | 88.75% |
3 Yr | 3.7%* | -5.2% | 8.5% | 90.28% |
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 | PFFR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -6.3% | -24.8% | 4.8% | 87.34% |
2019 | 13.5% | 2.3% | 20.1% | 27.63% |
2018 | -12.8% | -19.0% | -1.8% | 78.26% |
2017 | N/A | -5.0% | 18.5% | N/A |
2016 | N/A | -6.1% | 7.5% | N/A |
PFFR - Holdings
Concentration Analysis
PFFR | Category Low | Category High | PFFR % Rank | |
---|---|---|---|---|
Net Assets | 58.9 M | 1.37 M | 19.5 B | 89.02% |
Number of Holdings | 116 | 47 | 518 | 84.15% |
Net Assets in Top 10 | 13.2 M | -276 M | 2.77 B | 87.80% |
Weighting of Top 10 | 22.37% | 12.8% | 66.4% | 40.24% |
Top 10 Holdings
- Monmouth Real Estate Investment Corp C 3.17%
- VEREIT Inc 6 7/10 % Cum Red Pfd Shs Series -F- 2.88%
- Annaly Capital Management Inc Cum Conv Red Pfd Registered Shs Series -F- 2.85%
- Diversified Healthcare Trust 0% 2.36%
- Annaly Capital Management Inc Cum Red Pfd Shs Series -D- 2.36%
- Colony Capital Inc Cum Conv Red Perp Pfd Registered Shs Series -I- 2.30%
- Office Properties Income Trust 0% 2.27%
- Vornado Realty Trust Cum Red Pfd Shs Series -L- 2.02%
- Kimco Realty Corp 5.25% PRF PERPETUAL USD 25 1.96%
- Annaly Capital Management Inc FXDFR PRF PERPETUAL USD 25 - Ser G 1.90%
Asset Allocation
Weighting | Return Low | Return High | PFFR % Rank | |
---|---|---|---|---|
Preferred Stocks | 96.01% | 1.91% | 122.54% | 9.76% |
Cash | 3.47% | -29.55% | 17.07% | 23.17% |
Stocks | 0.52% | 0.00% | 51.34% | 50.00% |
Other | 0.00% | 0.00% | 11.41% | 73.17% |
Convertible Bonds | 0.00% | 0.00% | 46.42% | 92.68% |
Bonds | 0.00% | -1.98% | 78.21% | 91.46% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PFFR % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 0.00% | 100.00% | 7.14% |
Utilities | 0.00% | 0.00% | 100.00% | 73.21% |
Technology | 0.00% | 0.00% | 0.00% | 39.29% |
Industrials | 0.00% | 0.00% | 15.00% | 50.00% |
Healthcare | 0.00% | 0.00% | 6.54% | 50.00% |
Financial Services | 0.00% | 0.00% | 100.00% | 67.86% |
Energy | 0.00% | 0.00% | 36.11% | 51.79% |
Communication Services | 0.00% | 0.00% | 63.89% | 51.79% |
Consumer Defense | 0.00% | 0.00% | 1.98% | 41.07% |
Consumer Cyclical | 0.00% | 0.00% | 0.00% | 39.29% |
Basic Materials | 0.00% | 0.00% | 5.68% | 50.00% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PFFR % Rank | |
---|---|---|---|---|
US | 0.52% | 0.00% | 47.83% | 30.49% |
Non US | 0.00% | 0.00% | 3.51% | 53.66% |
PFFR - Expenses
Operational Fees
PFFR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.15% | 4.46% | 94.94% |
Management Fee | 0.45% | 0.00% | 1.21% | 7.32% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
PFFR 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
PFFR 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.
PFFR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.00% | 6.30% | 166.00% | 46.25% |
PFFR - Distributions
Dividend Yield Analysis
PFFR | Category Low | Category High | PFFR % Rank | |
---|---|---|---|---|
Dividend Yield | 4.58% | 0.00% | 6.43% | 2.44% |
Dividend Distribution Analysis
PFFR | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
PFFR | Category Low | Category High | PFFR % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.75% | 2.64% | 7.26% | 45.57% |
Capital Gain Distribution Analysis
PFFR | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Dividend Payout History
Date | Amount |
---|---|
Sep 29, 2020 | $0.120 |
Aug 28, 2020 | $0.120 |
Jul 28, 2020 | $0.120 |
Jun 30, 2020 | $0.120 |
May 29, 2020 | $0.120 |
Apr 28, 2020 | $0.120 |
Mar 30, 2020 | $0.120 |
Feb 28, 2020 | $0.120 |
Jan 29, 2020 | $0.120 |
Dec 30, 2019 | $0.140 |
Nov 29, 2019 | $0.120 |
Oct 29, 2019 | $0.097 |
Sep 30, 2019 | $0.097 |
Aug 28, 2019 | $0.097 |
Jul 30, 2019 | $0.097 |
Jun 28, 2019 | $0.350 |
Mar 28, 2019 | $0.360 |
Dec 28, 2018 | $0.345 |
Sep 28, 2018 | $0.370 |
Jun 28, 2018 | $0.370 |
Mar 28, 2018 | $0.350 |
Dec 28, 2017 | $0.375 |
Oct 30, 2017 | $0.372 |
Jul 31, 2017 | $0.281 |
May 30, 2017 | $0.020 |
May 01, 2017 | $0.151 |
Mar 28, 2017 | $0.103 |
PFFR - Fund Manager Analysis
Managers
Edward Ryan
Start Date
Tenure
Tenure Rank
Feb 07, 2017
3.9
3.9%
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).
Jay Hatfield
Start Date
Tenure
Tenure Rank
Feb 07, 2017
3.9
3.9%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.52 | 28.9 | 7.56 | 10.01 |