Deep Dive
Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning
InfraCap REIT Preferred ETF
$16.57+0.07 (+0.42%)
- 0.45%
- $115M
- −2.9%
- 8.89%
- 0M sh
- $16.65
- low $16.48high $19.00
The ETF.net PFFR Grade
C
Score 45 out of 100
- 25 of 31
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A75 out of 100Rank 6 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.D31 out of 100Rank 25 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 25 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D26 out of 100Rank 24 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 23 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 18 of 31
Our read on PFFR
CMost real estate ETFs buy the landlords' common stock. PFFR buys their preferred shares instead: an index of roughly 110 US-listed REIT preferreds, income-driven by design, paid out monthly.
The Fund seeks to track, before fees and expenses, the price and yield performance of the Indxx REIT Preferred Stock Index.
Why people hold it
- A pure play on one narrow layer of the capital stack: normally at least 90% of assets in preferred securities issued by REITs and listed on US exchanges. Broad REIT funds skip this layer.
- Rules-based, not a manager's hunch. It tracks the Indxx REIT Preferred Stock Index, so what's inside follows a published methodology.
- Distributions arrive monthly, and the fund has been trading since 2017, so there's a real-world record behind it rather than a backtest.
Worth knowing
- 0.45% a year sits above the real estate cohort median of 0.37%, and plain REIT trackers like SCHH (0.07%) and VNQ (0.13%) cost a fraction of it.
- Thinly traded compared with mainstream real estate ETFs, so spreads and order type matter more here than with the household names.
- Preferreds act more like bonds than landlord equity: they rank above common stock but behind a REIT's lenders, and interest rates drive them as much as property values do.
PFFR Holdings
- Other
- 106
- 27%
- UMH-PD
Sectors
- Real Estate100.0%
Geography
- United States98.20%
- Bermuda1.80%
PFFR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
PFFR$9,715
Returns run to the Oct 12, 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 | PFFR |
|---|---|
| Year to date | −2.5% |
| 1 month | −3.5% |
| 3 months | −5.1% |
| 1 year | −2.9% |
| 3 years | +7.4% |
| 5 years | 0.0% |
| 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 | PFFR |
|---|---|---|
| 2026 YTD | −2.5% | |
| 2025 | +5.4% | |
| 2024 | +7.1% | |
| 2023 | +21.0% | |
| 2022 | −23.9% | |
| 2021 | +6.8% | |
| 2020 | +0.2% |
PFFR in the news
PFFR Dividends
- 8.89%
- $1.47
- $0.12 per share
- Monthly
Distribution history
PFFR Risk
- 9.7%
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.
- 0.29
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.
- −29.6%
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.
- 1.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PFFR Cost
0.45%
PFFR0.45%
- The middle half of Preferred Securities funds
- Median 0.50%
5 of the 31 Preferred Securities funds charge less.
Other funds in Preferred Securities
- CPRFDPIMCO Preferred And Capital Securities Active Exchange-Traded FundExpense ratio 0.88%1 year return +0.3%
- CSPFFGlobal X - SuperIncome Preferred ETFExpense ratio 0.48%1 year return +5.2%
- CPFFAVirtus InfraCap U.S. Preferred Stock ETFExpense ratio 2.11%1 year return −0.5%
- CJPRFJPMorgan Preferred and Income Securities ETFExpense ratio 0.61%1 year return —
- CQTPIExchange Place Advisors Trust - North Square RCIM Tax-Advantaged Preferred and Income Securities ETFExpense ratio 0.60%1 year return +1.0%