Virtus InfraCap U.S. Preferred Stock ETF
Virtus InfraCap U.S. Preferred Stock ETF (AMEX: PFFA) is an exchange-traded fund listed on NYSE Arca, trading at $19.95 (about ₹1,915 a unit) as of 25 Sep 2026, 3:40 PM ET. It has an expense ratio of 2.11% and holds 198 securities. Indian residents can buy PFFA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$19.89
Today's high
$20.13
52 week low
$19.89
52 week high
$22.06
PFFA opened at $20.13, closed previously at $20.06, and has traded between $19.89 and $22.06 over the past 52 weeks.
About
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.
Key statistics
Expense ratio
2.11%
Assets (AUM)
$2.4B
Holdings
198
NAV
$20.04
Avg. volume
—
1-year price change
-9.17%
5-year price change
-19.93%
Price change excludes dividends.
Top 10 holdings
PFFA holds 198 securities in total. These 10 are 25.2% of the fund.
Where the money is invested
Sectors
Countries
How to buy PFFA from India
Indian residents can buy PFFA units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search PFFA and buy
Find the fund by its ticker, PFFA, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in PFFA from India
Trading and taxes when buying PFFA from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the PFFA price today?
Virtus InfraCap U.S. Preferred Stock ETF (PFFA) last traded at $19.95 on NYSE Arca, as of 25 Sep 2026, 3:40 PM ET. That is ₹1,915 a unit at the 24 Sep 2026 USD/INR rate.
When does PFFA trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is PFFA, and what does it cost to hold?
Virtus InfraCap U.S. Preferred Stock ETF manages about $2.4B. Its expense ratio is 2.11% a year, deducted inside the fund. It launched in 2018.
What are PFFA's largest holdings?
The top three are Strategy Inc 10.000% (3.3%), Flagstar Bank NA 6.375% (2.7%) and KKR & Co Inc 6.250% (2.6%). PFFA's 10 largest positions make up 25.2% of the fund.
Does PFFA pay dividends?
Yes. PFFA is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on PFFA taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of PFFA?
Yes. You can buy PFFA by amount rather than by whole unit, and there is no minimum trade size.
How has PFFA performed?
PFFA's price is down 9.2% over the past year and down 19.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.