ETF Evaluator:
Virtus InfraCap Preferred and Inc SecETF (VPFF)
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Best Performing in Preferred Stock Over the Last Year
| 9.0% | Global X SuperIncome™ Preferred ETF (SPFF) |
| 7.3% | VanEck Pref Secs ex Fincls ETF (PFXF) |
| 6.5% | Cohen & Steers Pref & Inc Opps Act ETF (CSPF) |
| 6.1% | First Trust Instl Pref Secs and Inc ETF (FPEI) |
| 5.9% | Virtus InfraCap US Preferred Stock ETF (PFFA) |
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ETF Details
Virtus InfraCap Preferred and Inc SecETF Overview
Virtus InfraCap Preferred and Inc SecETF (VPFF) is an actively managed Taxable Bond Preferred Stock exchange-traded fund (ETF). Virtus launched the ETF in 2026.
The investment seeks to provide a high level of current income, with capital appreciation as a secondary goal.
The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred securities and hybrid securities. Hybrid securities are those that have characteristics of both equity and fixed income securities. Like equities, which have no final maturity, a hybrid security may be perpetual. On the other hand, like debt securities, a hybrid security may be callable at the option of the issuer on a date specified at issue. It is non-diversified.
About Virtus InfraCap Preferred and Inc SecETF (VPFF)
There are 2 members of the management team with an average tenure of 0.05 years: Jay Hatfield (2026) and Andrew Meleney (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Virtus InfraCap Preferred and Inc SecETF has 99 securities in its portfolio. The top 10 holdings constitute 20.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Virtus InfraCap Preferred and Inc SecETF is part of the Hybrid Securities global asset class and is within the Taxable Bond ETF group. Virtus InfraCap Preferred and Inc SecETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.8% There is 0.0% allocated to foreign stock, and 93.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Virtus InfraCap Preferred and Inc SecETF has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $1 billion average for the Preferred Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VPFF Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus InfraCap Preferred and Inc SecETF expense ratio is high compared to funds in the Preferred Stock category. Virtus InfraCap Preferred and Inc SecETF has an expense ratio of 0.80%, which is 38% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus InfraCap Preferred and Inc SecETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 38% for the Preferred Stock category.
Recently, in the month of July 2026, Virtus InfraCap Preferred and Inc SecETF returned 0.0%, which earned it a grade of NA, as the Preferred Stock category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Virtus InfraCap Preferred and Inc SecETF has a trailing yield of 0.00%, which is below the 6.18% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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VPFF Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VPFF Return (NAV) | na | na | na | na | na | na |
| VPFF Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Preferred Stock Avg | -0.0% | -0.3% | 4.3% | 6.9% | 1.5% | 3.0% |
| VPFF Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| VPFF Tax-Cost Ratio | na | na | na | na | na | na |
VPFF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VPFF Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| VPFF Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Preferred Stock Avg | 1.3% | 6.2% | 9.3% | 9.7% | -16.0% | 5.8% | 5.6% | 18.4% | -4.7% | 9.0% | 3.2% |
| VPFF Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.80% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Hatfield Jay (2026), Meleney Andrew (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 99 |
| % in Top 10 Holdings: | 20.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 3.8% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 93.3% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.7% |
| Cash: | 2.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Virtus |
| Phone Number: | 888-383-0553 |
| Website: | |
| Inception Date: | July 14, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.80% (Rating: High) |
| Category Average Expense Ratio (%): | 0.58% |
