Fund Description: Virtus InfraCap U.S. Preferred Stock ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the ETFis Series Trust I, an open-end investment management company. <p> INVESTMENT OBJECTIVE: The Virtus InfraCap U.S. Preferred Stock ETF seeks to provide a high level of current income and secondarily, capital appreciation. The Fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Rather, the Sub-Adviser has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. <p> FUND STRATEGY: In seeking to achieve the Fund’s investment objective the Sub-Adviser manages the Fund’s assets pursuant to a variety of quantitative,qualitative and relative valuation factors. The Sub-Adviser will typically evaluate potential investments with respect to certain key variables that the Sub-Adviser believes make a business successful over time, including, without limitation, a company’s competitive position, its perceived ability to earn a high return on capital, the historical and projected stability and reliability of its profits, its anticipated ability to generate cash in excess of its growth needs and its access to additional capital. In addition, when selecting preferred stock that are subject to a call provision, the Sub-Adviser generally seeks to underweight or eliminate those that trade above the call price and exhibit a low or negative yield-to-call. Under normal market conditions, 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 stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Fund may invest in all types of preferred stock, including, without limitation, floating and fixed-rate preferred stock, callable preferred stock, cumulative and non-cumulative preferred stock, convertible preferred stock and depositary preferred stock. The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund can. . In addition, from time to time, the Fund may focus its investments (i.e., invest more than 15% of its total assets) in particular sectors. <p> FUND MANAGEMENT: Virtus ETF Advisers LLC serves as the Fund’s Adviser. Infrastructure Capital Advisors serves as the Fund’s Sub-Adviser.