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PFFR

InfraCap REIT Preferred ETF

http://www.virtus.com/products/infracap-reit-preferred-etf

Industry

Asset Management

Under normal market conditions, the fund will invest not less than 90% of its assets in component securities of the underlying index. The underlying index is comprised of preferred securities listed on U.S. exchanges that are issued by real estate investment trusts ("REITs"). The fund is non-diversified.

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The article compares the yields of REIT sector bonds and preferred stock ETFs like PFFR. Investment-grade REIT bonds average a 5.05% YTM, while non-investment grade bonds average 6.59% YTM. Preferred stock ETFs like PFFR offer around 8% yields, but individual bonds like HPP can offer higher yields without diversification.

Portfolio Pulse from

March 10, 2025 | 10:00 pm

The InfraCap REIT Preferred ETF (PFFR) offers a 7.21% SEC yield by investing in high-yielding REIT preferred securities. However, it carries high risk with only 20.7% investment-grade assets and a 56.5% concentration in the top 10 issuers. Since its inception, PFFR's share price has declined by 26.2%, leading to a 48% loss in inflation-adjusted value over 7 years.

Portfolio Pulse from

March 09, 2025 | 11:45 am

PFFR is an ETF focused on preferred equity from real estate investment trusts, offering a diversified alternative to traditional preferred equity ETFs. It has lower volatility compared to REIT equities but faces risks from interest rate sensitivity and credit concerns in the real estate sector.

Portfolio Pulse from

December 06, 2024 | 2:00 am

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