ICAP vs. GQRE ETF Comparison

Comparison of InfraCap Equity Income Fund ETF (ICAP) to FlexShares Global Quality Real Estate Index Fund (GQRE)

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

$27.20

Average Daily Volume

8,851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally invest at least 80% of its total assets in the securities of the underlying index and in "ADRs" and "GDRs" based on the securities in its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$62.58

Average Daily Volume

19,323

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ICAP	GQRE
30 Days	5.15%	6.39%
60 Days	4.34%	8.95%
90 Days	11.48%	15.78%
12 Months	22.52%	24.53%

9 Overlapping Holdings

Symbol	Grade	Weight in ICAP	Weight in GQRE	Overlap
AMT	C	0.69%	2.83%	0.69%
CCI	C	1.29%	0.21%	0.21%
DLR	B	2.01%	4.99%	2.01%
EPR	B	0.34%	0.47%	0.34%
EQIX	C	4.29%	1.64%	1.64%
IRM	C	0.68%	0.68%	0.68%
KRC	C	3.64%	0.51%	0.51%
O	C	1.48%	0.44%	0.44%
SPG	B	1.61%	5.22%	1.61%

ICAP Overweight 57 Positions Relative to GQRE

Symbol	Grade	Weight
GS	C	7.49%
C	D	4.86%
AES	C	4.15%
AVGO	C	3.41%
MTB	B	3.2%
MPLX	B	3.18%
FRT	C	3.11%
BXP	B	3.09%
SLMBP	B	2.95%
BAC	D	2.95%
CFG	C	2.88%
CVX	D	2.69%
DOW	D	2.67%
ORCL	C	2.33%
AB	B	2.28%
ARE	C	2.19%
JPM	D	2.11%
REXR	C	2.11%
KHC	C	2.1%
NYMTN	A	2.02%
DUK	C	1.99%
MCD	B	1.95%
AMZN	C	1.95%
UGI	C	1.93%
TFC	C	1.92%
EIX	C	1.79%
VOD	C	1.72%
ARES	B	1.3%
BLMN	F	1.21%
KMI	B	1.15%
MRK	D	1.04%
D	C	0.99%
MSFT	C	0.92%
T	C	0.77%
NWN	C	0.75%
EMR	D	0.55%
IBM	B	0.45%
UNH	C	0.44%
RTX	C	0.43%
VZ	B	0.41%
UZE	C	0.41%
HPE	D	0.4%
MMM	B	0.36%
NEE	C	0.23%
HON	D	0.18%
CAT	B	0.18%
MO	C	0.18%
WMB	B	0.17%
GD	B	0.16%
OKE	B	0.16%
JNJ	C	0.1%
PM	C	0.09%
KO	C	0.08%
PG	C	0.08%
SO	B	0.05%
ET	B	0.03%
PEP	C	0.03%

ICAP Underweight 54 Positions Relative to GQRE

Symbol	Grade	Weight
AVB	B	-4.3%
EQR	B	-3.44%
PLD	C	-3.32%
ESS	B	-2.6%
VICI	C	-2.59%
KIM	C	-2.09%
UDR	C	-1.89%
AMH	C	-1.74%
CPT	B	-1.71%
CUBE	C	-1.57%
HST	C	-1.56%
REG	C	-1.56%
LAMR	B	-1.44%
WELL	C	-1.33%
NNN	C	-1.17%
ADC	C	-1.0%
FR	B	-0.97%
STAG	C	-0.94%
KRG	B	-0.76%
VNO	C	-0.73%
EPRT	B	-0.73%
PSA	B	-0.68%
IRT	B	-0.6%
CUZ	B	-0.58%
SLG	C	-0.57%
SBRA	C	-0.55%
HASI	C	-0.5%
IIPR	B	-0.47%
NHI	C	-0.47%
BNL	B	-0.46%
HIW	B	-0.45%
SKT	B	-0.44%
NSA	B	-0.43%
APLE	D	-0.42%
WY	C	-0.42%
PK	D	-0.38%
UE	B	-0.34%
AKR	B	-0.32%
IVT	B	-0.29%
DBRG	D	-0.29%
EQC	C	-0.29%
JOE	C	-0.27%
ALEX	B	-0.26%
LTC	C	-0.26%
SHO	C	-0.26%
ESRT	B	-0.25%
PDM	B	-0.25%
AAT	B	-0.24%
NXRT	C	-0.24%
XHR	B	-0.24%
CSR	B	-0.23%
DRH	C	-0.23%
RLJ	D	-0.22%
HPP	D	-0.19%