ETF overview
PFFA is an actively managed preferred stock ETF that focuses 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 1.25x). The fund may engage in active and frequent trading of portfolio securities, at its discretion, to meet its investment objectives.
Fund facts
- Expense ratio
- 2.11%
- Fund assets
- 2.29B USD (all share classes)
- Issuer
- Virtus
- Inception date
- May 15, 2018
- Number of holdings
- 194
Breakdown
Holdings (194)
| Name | Ticker | Weight |
|---|---|---|
| Strategy Inc 10.000% | STRD | 3.00% |
| Boeing Co/The 6.000% | 2.93% | |
| Alphabet Inc 6.250% | GOOGM | 2.90% |
| Flagstar Bank NA 6.375% | 2.71% | |
| Alphabet Inc 6.250% | GOOGN | 2.68% |
| KKR & Co Inc 6.250% | 2.53% | |
| Energy Transfer LP 9.250% | ET-PI | 2.37% |
| Qwest Corp 6.500% | CTGG | 2.32% |
| Telephone and Data Systems Inc 6.000% | TDS-PV | 2.32% |
| Banc of California Inc 7.750% | BANC-PF | 2.12% |
| and 181 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 2.11%
- Fund assets
- 2.29B USD (all share classes)
- Issuer
- Virtus
- Inception date
- May 15, 2018
- Number of holdings
- 194
| Name | Ticker | Weight |
|---|---|---|
| Strategy Inc 10.000% | STRD | 3.00% |
| Boeing Co/The 6.000% | 2.93% | |
| Alphabet Inc 6.250% | GOOGM | 2.90% |
| Flagstar Bank NA 6.375% | 2.71% | |
| Alphabet Inc 6.250% | GOOGN | 2.68% |
| KKR & Co Inc 6.250% | 2.53% | |
| Energy Transfer LP 9.250% | ET-PI | 2.37% |
| Qwest Corp 6.500% | CTGG | 2.32% |
| Telephone and Data Systems Inc 6.000% | TDS-PV | 2.32% |
| Banc of California Inc 7.750% | BANC-PF | 2.12% |
| and 181 more | ||
PFFA is an actively managed preferred stock ETF that focuses 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 1.25x). The fund may engage in active and frequent trading of portfolio securities, at its discretion, to meet its investment objectives.
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