ETFis Series Trust I - InfraCap REIT Preferred ETF (PFFR)

Overview

The InfraCap REIT Preferred ETF (PFFR) is an actively managed fund focusing on REIT preferred securities. It seeks current income with a secondary objective of capital appreciation by investing primarily in preferred stocks issued by real estate investment trusts (REITs). The fund utilizes a dynamic asset allocation strategy, adjusting its holdings based on market conditions and security valuations.

Reputation and Reliability

ETFis Series Trust I is a smaller player in the ETF market. Their reputation relies on the performance of their niche funds.

Management Expertise

The management team possesses experience in actively managing fixed-income securities, particularly preferred stocks, and real estate investments.

Goal

To seek current income with a secondary objective of capital appreciation.

Investment Approach and Strategy

Strategy: The fund is actively managed, not tracking a specific index. It focuses on REIT preferred securities selected based on fundamental analysis and market conditions.

Composition Primarily invests in preferred stocks issued by REITs. May also include other fixed-income securities related to the real estate sector.

Market Share: The market share of PFFR is relatively small compared to broader preferred stock ETFs and REIT ETFs.

Total Net Assets (AUM): 74940000

Key Competitors

• iShares Preferred and Income Securities ETF (PFF)
• Global X SuperIncome Preferred ETF (SPFF)
• Invesco Preferred Portfolio ETF (PGX)

Competitive Landscape

The competitive landscape is dominated by larger, passively managed preferred stock ETFs. PFFR's active management aims to outperform these ETFs through security selection and dynamic allocation. However, this also introduces higher fees and potential for underperformance. PFFR's niche focus on REIT preferreds provides a potentially higher yield but also concentrates risk.

Historical Performance: Historical performance data should be obtained from reliable financial data providers. Performance will vary depending on market conditions and fund management.

Benchmark Comparison: Comparison to a broad preferred stock index or a REIT index is relevant to gauge performance. However, no direct benchmark exists for REIT preferreds specifically.

Expense Ratio: 0.79

Average Trading Volume

The ETF's average trading volume is moderate, which may affect the ease of buying and selling shares.

Bid-Ask Spread

The bid-ask spread can vary, so investors should monitor it before trading to minimize transaction costs.

Market Environment Factors

Interest rate changes, REIT sector performance, credit spreads, and overall economic conditions can impact PFFR's performance.

Growth Trajectory

Growth depends on the REIT sector and investor demand for income-generating assets. Actively managed adjustments to holdings contribute to volatility.

Competitive Edge

PFFR's focus on REIT preferreds and active management differentiates it from broader preferred stock ETFs. The fund's strategy targets higher yields within the REIT sector. Its specialized focus allows for potential outperformance through skilled security selection. However, the concentrated nature of its holdings can lead to higher volatility. Active management provides flexibility in responding to changing market conditions.

Volatility

Volatility is influenced by the REIT sector and the credit quality of the underlying preferred stocks.

Market Risk

Specific risks include interest rate risk, credit risk of REIT issuers, and concentration risk within the REIT sector. Changes in real estate market conditions can substantially impact PFFR's performance.

Ideal Investor Profile

Ideal for income-seeking investors who understand the risks associated with preferred stocks and the real estate sector. Suitable for those seeking potentially higher yields than traditional fixed-income investments and are comfortable with active management.

Market Risk

May be suitable for long-term investors seeking income or active traders who take advantage of price swings. Less suitable for passive index followers.

PFFR is an actively managed ETF specializing in REIT preferred stocks, aiming for high current income. Its unique focus differentiates it from other preferred stock ETFs but also concentrates risk. The fund's performance depends on the manager's skill in security selection and allocation within the REIT sector. Investors should carefully consider the risks associated with preferred stocks, REITs, and active management. It's best suited for income-seeking investors who can tolerate moderate volatility and a niche investment strategy.

Data Sources:

• ETF provider website
• Financial data providers (e.g., Bloomberg, Reuters)
• Investment research reports

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.