Key stats
About Virtus InfraCap U.S. Preferred Stock ETF
Expense ratio
2.52%
Home page
Inception date
May 15, 2018
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
What's in the fund
Exposure type
Finance
Stocks121.67%
Finance73.43%
Industrial Services6.69%
Communications5.55%
Electronic Technology4.38%
Transportation2.36%
Consumer Durables1.27%
Miscellaneous0.59%
Utilities0.33%
Health Technology0.06%
Retail Trade0.03%
Distribution Services0.01%
Bonds, Cash & Other−21.67%
UNIT4.89%
Structured1.66%
Corporate0.27%
Cash−28.49%
