PFFAVirtus InfraCap U.S. Preferred Stock ETF
PFFA Fund Description
PFFA is an actively managed fund of US preferred stock. The fund leverages the portfolio to varying degrees, but generally in the range of 15-25% of fund assets. The fund seeks current income, with capital appreciation as a secondary goal.
PFFA Factset Analytics Insight
PFFA is one of the few actively managed preferred stock ETFs. The fund focuses only 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 1.5x). PFFA’s fee exceeds its competitors, so investors should carefully weight these costs before purchase.
PFFA MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of May 22, 2019 the Virtus InfraCap U.S. Preferred Stock ETF MSCI ESG Fund Quality Score is 2.90 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PFFA ranks in the 1st percentile within its peer group and in the 1st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
PFFA CHARTS AND PERFORMANCE
PFFA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PFFA. PFFA is rated a N/A out of 5.