PFFA

📎 Investment Objective

The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) seeks to provide current income and capital appreciation by investing primarily in U.S. preferred stocks.

✨ Key Features

• Focuses on U.S. preferred stocks, which can provide higher income potential than common stocks
• Actively managed approach aims to identify preferred stocks with attractive income and total return characteristics
• Diversified portfolio across various preferred stock sectors and issuers
• Potential for capital appreciation in addition to current income

⚠️ Primary Risks

• Interest rate risk: Preferred stocks are sensitive to changes in interest rates, which can impact their prices
• Credit risk: The fund is exposed to the creditworthiness of the preferred stock issuers, which can affect their ability to make dividend payments
• Liquidity risk: The preferred stock market can be less liquid than the common stock market, which may impact the fund's ability to buy or sell positions
• Concentration risk: The fund's focus on the preferred stock asset class means it may be more volatile than a more diversified fund

👤 Best For

This ETF may be suitable for investors seeking current income and the potential for capital appreciation, and who have a medium to long-term investment horizon and a moderate risk tolerance. It can be used as a core holding or to complement a diversified portfolio.