(PFFA) Virtus InfraCap U.S. - Overview

Virtus InfraCap U.S. Preferred Stock (PFFA) is a non-diversified ETF that commits at least 80% of its net assets-plus any investment-purpose borrowings-to U.S. preferred securities and derivative instruments that mimic their economic profile. The Sub-Adviser employs a blend of quantitative screens, qualitative assessments, and relative valuation models to actively manage the portfolio.

As of the latest quarter, PFFA reports an expense ratio of 0.45%, total assets of roughly $1.2 billion, and a weighted-average yield of 5.8%, reflecting the sector’s sensitivity to the Federal Reserve’s recent rate-hiking cycle. The fund’s performance is closely tied to the health of the financial services sector, which accounts for about 30% of its holdings, and to broader credit-market conditions that influence preferred-stock spreads.

For a deeper dive into PFFA’s valuation and risk profile, you might explore the analysis available on ValueRay.