ADPV vs. ICAP ETF Comparison

Comparison of Adaptiv Select ETF (ADPV) to InfraCap Equity Income Fund ETF (ICAP)

ADPV

Adaptiv Select ETF

ADPV Description

To achieve its investment objective of long-term capital appreciation, the fund will invest substantially all of its net assets in a portfolio of publicly-listed equity securities of U.S. large capitalization companies during broad U.S. equity market uptrends. The fund will primarily own common stocks, but may also invest in equity securities of REITS to the extent such REITS are among the 1,000 largest capitalized U.S.-listed stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.36

Average Daily Volume

5,834

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ICAP

InfraCap Equity Income Fund ETF

ICAP Description

The investment seeks to maximize income and pursue total return opportunities. The fund, under normal conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies that pay dividends during normal market conditions. The fund will invest primarily in securities of U.S. companies, but may invest in foreign securities, including securities of companies located in emerging markets. To obtain high yield and total return, the adviser will favor sectors and industries that it currently views are undervalued on a relative basis.

Grade (RS Rating)

Last Trade

$26.51

Average Daily Volume

7,662

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ADPV	ICAP
30 Days	2.23%	-1.35%
60 Days	0.94%	1.50%
90 Days	11.29%	4.22%
12 Months	44.84%	30.20%

2 Overlapping Holdings

	Symbol	Grade	Weight in ADPV	Weight in ICAP	Overlap
	KMI	B	3.88%	1.2%	1.2%
	T	A	5.09%	0.19%	0.19%

ADPV Overweight 23 Positions Relative to ICAP

Symbol	Grade	Weight
PLTR	B	6.33%
PPC	A	5.59%
HOOD	B	5.48%
AMCR	D	5.38%
HBAN	B	5.11%
NU	C	4.57%
VIRT	A	4.48%
KEY	B	4.46%
APP	B	4.0%
VKTX	A	3.9%
MTG	D	3.78%
CRBG	B	3.68%
HIW	C	3.54%
OWL	B	3.51%
RF	B	3.5%
CPNG	B	3.49%
RKT	D	3.43%
MDU	F	3.37%
VST	B	3.26%
AM	C	2.94%
GTES	A	2.19%
SLM	C	2.12%
AGNC	D	2.03%

ADPV Underweight 68 Positions Relative to ICAP

Symbol	Grade	Weight
C	A	-4.8%
GS	B	-4.46%
EQIX	B	-4.23%
KRC	B	-4.11%
AES	F	-3.9%
MTB	B	-3.59%
BXP	C	-3.42%
CVX	A	-3.32%
JPM	A	-3.18%
MPLX	A	-3.08%
ORCL	B	-2.99%
FRT	D	-2.93%
CFG	A	-2.8%
SLMBP	D	-2.78%
AVGO	B	-2.53%
AB	B	-2.41%
ARE	F	-2.28%
KHC	D	-2.03%
DLR	A	-2.0%
NYMTN	A	-2.0%
UGI	D	-1.96%
TFC	C	-1.92%
REXR	F	-1.84%
AMZN	A	-1.84%
MSFT	D	-1.77%
EIX	D	-1.75%
SPG	C	-1.64%
VOD	D	-1.55%
O	D	-1.46%
FANG	F	-1.46%
ARES	B	-1.45%
BAC	B	-1.4%
SO	C	-1.37%
DOW	F	-1.35%
MCD	C	-1.21%
BLMN	F	-1.16%
CCI	D	-1.15%
HPE	A	-1.11%
XOM	C	-1.05%
MO	A	-1.02%
USB	B	-0.99%
FITB	B	-0.98%
MRK	F	-0.92%
NWN	C	-0.74%
IRM	B	-0.7%
PM	A	-0.67%
RTX	C	-0.66%
AMT	D	-0.63%
HON	B	-0.57%
D	B	-0.55%
VZ	D	-0.38%
EPR	D	-0.33%
MMM	D	-0.33%
NRG	B	-0.31%
PAA	D	-0.3%
RRR	F	-0.26%
DUK	C	-0.23%
NEE	D	-0.22%
UNH	C	-0.21%
WMB	A	-0.19%
OKE	B	-0.17%
GD	C	-0.16%
NEE	D	-0.15%
MS	B	-0.1%
JNJ	D	-0.09%
KO	D	-0.07%
ET	A	-0.03%
UZE	B	-0.01%