Episode Details

Preferred stock ETFs, MLPs, and monthly income investing take center stage in this Lead-Lag Live conversation. Michael A. Gayed, CFA, portfolio manager of the ATAC Rotation Fund and publisher of the Lead-Lag Report, sits down with Jay D. Hatfield, CEO and CIO of Infrastructure Capital Advisors (InfraCap) and portfolio manager of the InfraCap ETF suite, for a wide-ranging discussion on income investing, credit conditions, energy infrastructure, and the small-cap opportunity heading into the back half of 2026.

What we cover:

• Why PFFA (Virtus InfraCap U.S. Preferred Stock ETF) sits at the center of a high yield preferred stock ETF strategy, and how PFFA compares against passive preferred baskets and PFFR.
• AMZA (InfraCap MLP ETF) and where Jay sees midstream MLPs versus Alerian MLP ETF peers in a MLP ETF landscape reshaped by pipeline consolidation.
• ICAP (InfraCap Equity Income Fund ETF) as an income vehicle for advisors comparing monthly dividend ETF options and best monthly income ETF candidates.
• BNDS and SCAP for investment-grade credit and small cap value ETF exposure with active management.
• Where credit spreads, rate expectations, and preferred securities set up for H2 2026 and 2027.
• The small cap ETF and small cap value ETF opportunity Jay sees as index concentration peaks.

InfraCap ETFs discussed: PFFA, AMZA, ICAP, PFFR, BNDS, SCAP.

Guest: Jay D. Hatfield, CEO and CIO, Infrastructure Capital Advisors. Host: Michael A. Gayed, CFA, Lead-Lag Report and ATAC Rotation Fund.

For institutional and advisor inquiries on Infrastructure Capital's ETF suite, contact Craig Starr at Quasar Distributors LLC, 212-763-8336, Craig.Starr@icmllc.com. More at www.infracapfunds.com.

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Disclosures: This conversation is for informational and educational purposes only and does not constitute investment advice, an offer to sell, or a solicitation to buy any security. Past performance is not indicative of future results. Investing involves risk, including possible loss of principal. Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. Prospectuses are available at www.infracapfunds.com.

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