ICAP vs. SCAP ETF Comparison

Comparison of InfraCap Equity Income Fund ETF (ICAP) to InfraCap Small Cap Income ETF (SCAP)

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

SCAP

InfraCap Small Cap Income ETF

SCAP Description

The investment seeks to provide total return through long-term capital appreciation and current income. The fund seeks to achieve its investment objective by investing in a diversified group of U.S.-traded equity securities consisting of common and preferred stock, ADRs, and REITs. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in small cap securities. The fund's sub-advisor generally defines a small cap company as one having a market capitalization less than the market cap of the largest company in the Russell 2000 Index at the time of acquisition.

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

3,647

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ICAP	SCAP
30 Days	-1.35%	-1.51%
60 Days	1.50%	-0.99%
90 Days	4.22%	3.77%
12 Months	30.20%

5 Overlapping Holdings

Symbol	Grade	Weight in ICAP	Weight in SCAP	Overlap
AB	B	2.41%	1.74%	1.74%
AES	F	3.9%	2.45%	2.45%
BLMN	F	1.16%	1.8%	1.16%
KRC	B	4.11%	2.22%	2.22%
REXR	F	1.84%	1.93%	1.84%

ICAP Overweight 65 Positions Relative to SCAP

Symbol	Grade	Weight
C	A	4.8%
GS	B	4.46%
EQIX	B	4.23%
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%
ARE	F	2.28%
KHC	D	2.03%
DLR	A	2.0%
NYMTN	A	2.0%
UGI	D	1.96%
TFC	C	1.92%
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%
KMI	B	1.2%
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%
T	A	0.19%
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%

ICAP Underweight 36 Positions Relative to SCAP

Symbol	Grade	Weight
HRI	A	-2.95%
EWBC	A	-2.78%
MUR	F	-2.21%
CASY	A	-2.14%
PFBC	B	-2.14%
DKL	D	-2.1%
SM	F	-2.05%
NTB	C	-2.03%
AGNC	D	-1.97%
BRX	C	-1.96%
PNFP	A	-1.96%
CHRD	F	-1.94%
PAGP	D	-1.84%
AVNT	D	-1.81%
MKSI	F	-1.75%
WWD	D	-1.72%
CELH	F	-1.66%
GATX	A	-1.64%
NTST	F	-1.58%
POR	C	-1.57%
EPRT	C	-1.56%
MCBS	C	-1.51%
JEF	B	-1.45%
SLM	C	-1.35%
PK	F	-1.29%
NYT	A	-1.22%
STAG	D	-1.18%
AIZ	D	-1.18%
ASIX	C	-1.16%
CHCT	B	-1.12%
WAL	C	-1.11%
SBLK	F	-1.1%
BPOP	F	-1.02%
KRT	C	-0.94%
ESI	A	-0.93%
VLYPP	B	-0.47%