Virtus InfraCap U.S. Preferred Stock ETF
$20.27−0.17 (−0.86%)
- Expense ratio
- 2.11%
- Fund size
- $2.5B
- 1Y return
- +1.9%
- Yield · Last 12 months
- 10.09%
- Holdings
- 198
- Volume · 30D
- 0.9M sh
- NAV per share
- $20.52
- 52W range
The ETF.net PFFA Grade
Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 66Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 39Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 71Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
Our read on PFFA
CMost preferred-stock funds just track an index. PFFA hand-picks its preferreds, borrows 20-30% to amplify the income stream, writes options on top, and pays monthly.
The fund seeks current income and, secondarily, capital appreciation through an actively managed portfolio of U.S. preferred stocks. It also uses options strategies and modest leverage to enhance income and total return.
Why people hold it
- Genuinely active, not an index in disguise: managers select and weight preferreds on valuation and research, and layer options strategies over the book.virtus.com
- Modest leverage, typically 20-30%, amplifies both income and price swings. That mechanism is the line between this and a plain preferred tracker.virtus.com
- Pays monthly, spread across roughly 200 preferred positions rather than a handful of concentrated bets.
- A multi-billion-dollar fund that trades actively for a niche corner, which helps keep bid-ask friction manageable.
Worth knowing
- The 2.11% expense ratio runs several times the typical fund in its income peer group. That is a real hurdle the strategy has to clear.
- Leverage cuts both ways: borrowed money deepens declines as well as gains, and preferreds are already sensitive to rates and credit stress.virtus.com
- It sits in a peer group of cheap dividend-growth funds (CGDV, TDVG, both well under 1%). Different asset class, different machinery, very different price tag.
PFFA Holdings
- Bonds
- 198
- 25%
- STRD
Sectors
- Real Estate41.5%
- Financials22.7%
- Technology10.3%
- Industrials8.8%
- Communication8.0%
- Energy4.4%
- Utilities3.9%
- Consumer Discr.0.2%
- Health Care0.1%
Geography
- United States94.89%
- Bermuda3.91%
- Canada0.77%
- Greece0.43%
PFFA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PFFA |
|---|---|
| Year to date | +2.1% |
| 1 month | −1.3% |
| 3 months | −0.5% |
| 1 year | +1.9% |
| 3 years | +12.3% |
| 5 years | +5.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PFFA |
|---|---|---|
| 2026 YTD | +2.1% | |
| 2025 | +8.2% | |
| 2024 | +16.1% | |
| 2023 | +26.5% | |
| 2022 | −20.9% | |
| 2021 | +23.5% | |
| 2020 | −7.9% |
PFFA in the news
ETF.net Research hasn’t filed on PFFA yet — coverage lands here as it’s written.
PFFA Dividends
- 10.09%
- $2.06
- $0.17 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 28, 2026 | $0.17 |
| Aug 20, 2026 | Aug 27, 2026 | $0.17 |
| Jul 20, 2026 | Jul 27, 2026 | $0.17 |
| Jun 22, 2026 | Jun 29, 2026 | $0.17 |
| May 20, 2026 | May 27, 2026 | $0.17 |
| Apr 20, 2026 | Apr 27, 2026 | $0.17 |
| Mar 20, 2026 | Mar 27, 2026 | $0.17 |
| Feb 20, 2026 | Feb 27, 2026 | $0.17 |
| Jan 20, 2026 | Jan 27, 2026 | $0.17 |
| Dec 22, 2025 | Dec 29, 2025 | $0.17 |
| Nov 20, 2025 | Nov 28, 2025 | $0.17 |
| Oct 20, 2025 | Oct 27, 2025 | $0.17 |
PFFA Risk
- 10.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.72
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PFFA Cost
- The middle half of Preferred Securities funds
- Median 0.50%
Every other Preferred Securities fund charges less.