VIRTUS INFRACAP U.S. PREFERRED STOCK ETF ETF · US26923G8226 · PFFA (ARCX) Virtus · TER 2,11 % · United States · Financial Services — real-time prices and quotes, company data, dividends, fundamentals, and AI-powered portfolio analysis on MoneyPeak

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.