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Disclosures

BNDS Investment Objective: Infrastructure Capital Bond Income ETF seeks to to maximize current income with a secondary objective to pursue strategic opportunities for capital appreciation. The Fund aims to achieve high yield by investing at least 80% of its total assets in fixed-income securities. *There are limitations when comparing fund characteristics and performance, please see each prospectus for full risks and disclosures. The material differences between the BNDS and fixed income funds in the category of largest ten fixed income ETFs, include the: investment objectives, costs and expenses, liquidity, risks, fluctuation in performance and tax features. For BNDS ETF, please see standard performance from inception 01/15/2025, the management fee is 0.80% and gross expense ratio is 0.88%, total assets is under $100MM. The trading volume and liquidity may be lower due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity.

HYS Investment Objective: PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of ICE BofA 0-5 Year US High Yield Constrained Index. Please see standard performance from inception 06/16/2011, the management fee is 0.55% and the gross expense ratio is 0.56%, total assets are over $1.7B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit - https://www.pimco.com/us/en/investments/etf/pimco-0-5-year-high-yield-corporate-bond-index-exchange-traded-fund/usetf-usd

JNK Investment Objective: State Street® SPDR® Bloomberg High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg High Yield Very Liquid Index (the "Index"). Please see standard performance from inception 11/28/2007, the management fee is 0.40% and the gross expense ratio is 0.40%, total assets are over $7.5B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit -https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-bloomberg-high-yield-bond-etf-jnk

SPHY Investment Objective: State Street® SPDR® Portfolio High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofA US High Yield Index (the "Index"). Please see standard performance from inception 06/18/2012, the management fee is 0.05% and the gross expense ratio is 0.05%, total assets are over $10.7B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit - https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-portfolio-high-yield-bond-etf-sphy.

USHY Investment Objective: iShares Broad USD High Yield Corporate Bond ETF The iShares Broad USD High Yield Corporate Bond ETF seeks to track an index that includes U.S. dollar-denominated high yield corporate bonds. Please see standard performance from inception 10/25/2017, the management fee is 0.08% and the gross expense ratio is 0.08%, total assets are over $26B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit - https://www.ishares.com/us/products/291299/ishares-broad-usd-high-yield-corporate-bond-etf

HYLB Investment Objective: Xtrackers USD High Yield Corporate Bond ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market Index (the “Underlying Index”). Please see standard performance from inception 12/07/2016, the management fee is 0.05% and the gross expense ratio is 0.05%, total assets are over $3.4B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit - https://etf.dws.com/en-us/HYLB-usd-high-yield-corporate-bond-etf/.

HYGV Investment Objective: FlexShares High Yield Value-Scored Bond Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust High Yield Value-Scored US Corporate Bond Index (the Underlying Index). Please see standard performance from inception 06/18/2012, the management fee is 0.37% and the gross expense ratio is 0.38%, total assets are over $1.1B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit – https://www.flexshares.com/us/en/individual/funds/hygv.

SJNK Investment Objective State Street® SPDR® Bloomberg Short Term High Yield Bond ETF The State Street® SPDR® Bloomberg Short Term High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg High Yield Very Liquid Index (the "Index"). Please see standard performance from inception 04/14/2012, the management fee is 0.40% and the gross expense ratio is 0.40%, total assets are over $4.7B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit - https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-bloomberg-short-term-high-yield-bond-etf-sjnk

HYG Investment Objective: The iShares iBoxx $ High Yield Corporate Bond ETF seeks to track an index of U.S. dollar-denominated high yield corporate bonds. The fund offers a way to seek income through exposure to non-investment grade corporate credit. Please see standard performance from inception 04/04/2007, the management fee is 0.49% and the gross expense ratio is 0.49%, total assets are over $16B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit - https://www.ishares.com/us/products/239565/ishares-iboxx-high-yield-corporate-bond-etf

HYLS Investment Objective: The First Trust Tactical High Yield ETF is an actively managed exchange-traded fund. The fund's primary investment objective is to provide current income. The fund's secondary investment objective is to provide capital appreciation. Please see standard performance from inception 02/25/2013, the management fee is 0.69% and the gross expense ratio is 0.69%, total assets are over $1.6B. The trading volume and liquidity may be greater due to size of fund although ETFs have implied liquidity based on basket holdings, see fund specific risks below, and tax features may vary based on holdings and trading activity. For additional fund information visit -https://www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=HYLS.

InfraCap Logo Color Infrastructure Capital Advisors

Infrastructure Capital Advisors, LLC

1325 Avenue of the Americas, 28th Floor

New York, NY 10019

Main Phone:  212-763-8336

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Inquiries

For any inquiries or questions, please call 212-763-8336 or email:

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DISCLOSURE

Opinions represented on this website are subject to change and should not be considered investment advice. Past performance is not indicative of future results. This data was prepared using sources of information generally believed to be reliable; however, its accuracy is not guaranteed. For more information about the Funds, Fund strategies or Infrastructure Capital, please reach out to Craig Starr at 212-763-8336 (Craig.Starr@icmllc.com).

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Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus with this and other information about the InfraCap Small Cap Income ETF, please click here. Please read the prospectus carefully before investing. For more information, please reach out to William Heffernan at 212-763-8326 or icap-operations@infracap-funds.com.

 

The Funds are distributed either by Quasar Distributors, LLC or by VP Distributors, LLC, an affiliate of Virtus ETF Advisers, LLC. ICAP and SCAP ETFs are distributed by Quasar Distributors LLC. PFFA, PFFR, and AMZA ETFs are distributed by VP Distributors, LLC an affiliated of Virtus ETF Advisers, LLC.

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Current income is a primary objective in most, but not all, of ICA's investing activities. Consequently, the focus is generally on companies that generate and distribute substantial streams of free cash flow. This approach is based on the belief that tangible assets that produce free cash flow have intrinsic values that are unlikely to deteriorate over time. For more information, please visit infracapfunds.com.

 

The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It is not possible to invest directly in an index. In addition, there is a highly liquid option market according to total option volumes, as of December 8, 2023 *Morningstar ratings are based on risk-adjusted returns. Strong ratings are not indicative of positive fund performance. Morningstar Rating: Five star ranking awards for three year performance was prepared by Morningstar, an independent third party. As of 09/30/2023, PFFA was rated 5 stars out of 64 funds, 1 stars out of 58 funds and has no rating out of 38 funds within the US Fund Preferred Stock category for the 3-, 5- and 10 year periods, respectively. As of 09/30/2023, AMZA was rated 5 stars out of 100 funds, 1 stars out of 91 funds and no rating out of 0 funds within the Energy Limited Partnership category for the 3-, 5- and 10 year periods, respectively. These ratings are not indicative of a fund's future results or the future success of the adviser in managing its other funds. Approximately 10% of funds received 5 star award (top ten) in these categories. These category rankings only reflects two category rankings produced by Morningstar. The Adviser did not pay a fee to participate in the in Morningstar’s rating system. Morningstar ratings do not represent the entire universe of Preferred Stock or Energy limited Partnership funds offered to investors, rather this rating represents a subset of Preferred Stock and Energy Limited Partnership funds. For more information about the ranking and rating process, please contact Morningstar at 1-312-384-4000, or visit https://bit.ly/440AjUT.

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A word about SCAP risk:  Investing involves risk, including possible loss of principal. An investment in the Fund may be subject to risks which include, among others, investing in equities securities, dividend paying securities, utilities, small-, mid- and large-capitalization companies, real estate investment trusts, master limited partnerships, foreign investments and emerging, debt securities, depositary receipts, market events, operational, high portfolio turnover, trading issues, active management, fund shares trading, premium/discount risk and liquidity of fund shares, which may make these investments volatile in price. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund’s returns. Small and Medium-capitalization companies, foreign investments and high yielding equity and debt securities may be subject to elevated risks. The Fund is a recently organized investment company with no operating history. Please see prospectus for discussion of risks. Diversification cannot assure a profit or protect against loss in a down market.  SCAP is distributed by Quasar Distributors, LLC.

 

A word about ICAP Risk: Investing involves risk, including possible loss of principal. An investment in the Fund may be subject to risks which include, among others, investing in equities securities, dividend paying securities, utilities, preferred stocks, leverage, short sales, small-, mid- and large-capitalization companies, real estate investment trusts, master limited partnerships, foreign investments and emerging, debt securities, depositary receipts, market events, operational, high portfolio turnover, trading issues, options, active management, fund shares trading, premium/discount risk and liquidity of fund shares, which may make these investments volatile in price. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's returns. Small and Medium-capitalization companies, foreign investments, options, leverage, short sales, and high yielding equity and debt securities may be subject to elevated risks. The Fund is a recently organized investment company with no operating history. Please see prospectus for discussion of risks. ICAP fund distributor, Quasar Distributors, LLC.

 

Virtus InfraCap U.S. Preferred Stock ETF (NYSE: PFFA): Exchange Traded Funds: The value of an ETF may be more volatile than the underlying portfolio of securities the ETF is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities. Preferred Stock: Preferred stocks may decline in price, fail to pay dividends, or be illiquid. Non-Diversified: The Fund is non-diversified and may be more susceptible to factors negatively impacting its holdings to the extent that each security represents a larger portion of the Fund’s assets. Short Sales: The Fund may engage in short sales, and may experience a loss if the price of a borrowed security increases before the date on which the Fund replaces the security. Leverage: When a Fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded. Derivatives: Investments in derivatives such as futures, options, forwards, and swaps may increase volatility or cause a loss greater than the principal investment. No Guarantee: There is no guarantee that the portfolio will meet its objective. Prospectus: For additional information on risks, please see the Fund’s prospectus. 

 

InfraCap REIT Preferred ETF (NYSE: PFFR): Exchange-Traded Funds (ETF): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities. Preferred Stocks: Preferred stocks may decline in price, fail to pay dividends, or be illiquid. Real Estate Investments: The Fund may be negatively affected by factors specific to the real estate market, including interest rates, leverage, property, and management. Industry/Sector Concentration: A Fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated Fund. Passive Strategy/Index Risk: A passive investment strategy seeking to track the performance of the underlying index may result in the Fund holding securities regardless of market conditions or their current or projected performance. This could cause the Fund’s returns to be lower than if the Fund employed an active strategy. Correlation to Index: The performance of the Fund and its index may vary somewhat due to factors such as Fund flows, transaction costs, and timing differences associated with additions to and deletions from its index. Market Volatility: Securities in the Fund may go up or down in response to the prospects of individual companies and general economic conditions. Price changes may be short or long-term. Prospectus: For additional information on risks, please see the Fund’s prospectus.

 

InfraCap MLP ETF (NYSE: AMZA): Exchange Traded Funds: The value of an ETF may be more volatile than the underlying portfolio of securities the ETF is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities. MLP Interest Rates: As yield-based investments, MLPs carry interest rate risk and may underperform in rising interest rate environments. Additionally, when investors have heightened fears about the economy, the risk spread between MLPs and competing investment options can widen, which may have an adverse effect on the stock price of MLPs. Rising interest rates may increase the potential cost of MLPs financing projects or cost of operations, and may affect the demand for MLP investments, either of which may result in lower performance by or distributions from the Fund’s MLP investments. Industry/Sector Concentration: A fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated fund. Short Sales: The fund may engage in short sales, and may experience a loss if the price of a borrowed security increases before the date on which the fund replaces the security. Leverage: When a fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded. Derivatives: Investments in derivatives such as futures, options, forwards, and swaps may increase volatility or cause a loss greater than the principal investment. MLPs: Investments in Master Limited Partnerships may be adversely impacted by tax law changes, regulations, or factors affecting underlying assets. No Guarantee: There is no guarantee that the portfolio will meet its objective. Prospectus: For additional information on risks, please see the fund’s prospectus.

 

Performance Data: Performance data quoted backtested results. Backtested Performance was derived from the retroactive application of a model developed with the benefit of hindsight. Backtested performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost. Please visit www.virtusetfs.com for performance data current to the most recent month-end and the Fund’s standard performance information. Past performance is not indicative of future results.

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Indices / Performance Terminology Used: For more information regarding the underlying data, calculations, or terminology used, please reach out to us. Please CLICK HERE to see a glossary of terminology and indices used.

 

Privacy Policy:  Protecting your privacy and personal information is important to us. Go to www.infracapfunds.com/privacy-policy to view our full policy.

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Past performance is not indicative of future results.

© 2024-2025 Infrastructure Capital Advisors, LLC.  All Rights Reserved.

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