PFFR
InfraCap REIT Preferred ETF
The InfraCap REIT Preferred ETF tracks a market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs).
Preferred Stock
FIXED INCOME
Rules-Based
MANAGEMENT STYLE
91.4 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Virtus |
| Category | Preferred Stock |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Feb 07, 2017 |
| Assets (mns) | $91 |
| Expense ratio | 45 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| DIGITALBRIDGE GROUP INC 7.15 % CUM CONV RED PE | 2.7 % |
| UMH PROPERTIES INC PRF PERPETUAL USD 25 - SER | 2.4 % |
| DIGITAL REALTY TRUST INC 5.20% PRF PERPETUAL U | 2.4 % |
| DIGITALBRIDGE GROUP INC CUM CONV RED PERP PFD | 2.3 % |
| HUDSON PACIFIC PROPERTIES INC 4.75% PRF PERPET | 2.2 % |
| VORNADO REALTY TRUST 5.25 % CUM PERP RED PFD R | 2.0 % |
| KIMCO REALTY CORP 5.25% PRF PERPETUAL USD 25 | 1.9 % |
| PEBBLEBROOK HOTEL TRUST PRF PERPETUAL USD 25 - | 1.9 % |
| GLOBAL NET LEASE INC 7.50% PRF PERPETUAL USD - | 1.8 % |
| VORNADO REALTY TRUST CUM RED PFD SHS SERIES -L | 1.8 % |
Issuer Type Breakdown
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.4% | -2.4% | 3.4% | -4.5% | -2.9% | -- | -- | -4.1% |
| Dividend Yield | 0.6% | 1.9% | 3.9% | 5.4% | 5.8% | -- | -- | 5.8% |
| Total Returns | -2.8% | -0.5% | 7.3% | 0.9% | 2.9% | -- | -- | 1.7% | Ann. Volatility | 10.7% | 9.0% | 10.1% | 11.8% | 10.6% | -- | -- | 21.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 46% |
| MSCI EAFE | 0.75 | 56% |
| MSCI Emg Mkts | 0.72 | 51% |
Liquidity Measures
| Avg. volume (000) | 29 |
| ADV traded (mns) | $1 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.90% |
Technical Indicators
| Recent close | $17.75 |
| 30d moving avg. | $17.98 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 45 |
| Short interest | 0.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Distribution Yield (Trailing 12 Months)
Expense Analysis
| Peer Group | Rules-Based Preferred Stock Fixed Income ETFs |
| # of ETFs | 12 |
| Avg. Expense Ratio | 43.4 bp |
| Std. Deviation | 9.4 bp |
| PFFR (45 bp) Percentile rank | 57 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PFFR | 45.0 | 90.0 | 135 |
| Peer Avg. | 58.2 | 24.1 | 82.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .