QARP vs. ICAP ETF Comparison

Comparison of Xtrackers Russell 1000 US QARP ETF (QARP) to InfraCap Equity Income Fund ETF (ICAP)

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.85

Average Daily Volume

3,299

Number of Holdings ^*

345

* 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

$28.09

Average Daily Volume

7,908

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QARP	ICAP
30 Days	3.81%	3.15%
60 Days	3.83%	4.72%
90 Days	5.70%	7.68%
12 Months	26.96%	32.68%

19 Overlapping Holdings

Symbol	Grade	Weight in QARP	Weight in ICAP	Overlap
AMZN	C	3.85%	3.87%	3.85%
CAT	B	0.66%	0.68%	0.66%
CSCO	B	1.97%	0.5%	0.5%
CVX	A	1.54%	4.14%	1.54%
DOW	F	0.07%	1.17%	0.07%
FANG	D	0.19%	1.48%	0.19%
JNJ	D	2.35%	0.08%	0.08%
MCD	D	0.38%	1.58%	0.38%
MMM	D	0.11%	0.58%	0.11%
MO	A	0.64%	0.07%	0.07%
MRK	F	0.32%	0.85%	0.32%
MSFT	F	2.01%	0.55%	0.55%
ORCL	B	0.05%	3.02%	0.05%
PM	B	0.56%	0.65%	0.56%
SPG	B	0.2%	1.69%	0.2%
T	A	0.72%	0.18%	0.18%
UNH	C	2.36%	0.01%	0.01%
VZ	C	0.67%	0.36%	0.36%
XOM	B	3.2%	1.05%	1.05%

QARP Overweight 326 Positions Relative to ICAP

Symbol	Grade	Weight
BRK.A	B	5.26%
META	D	5.09%
AAPL	C	4.93%
WMT	A	3.0%
GOOGL	C	2.38%
COST	B	2.35%
GOOG	C	2.15%
HD	A	1.98%
V	A	1.84%
MA	C	1.57%
PG	A	1.38%
MCK	B	1.18%
ACN	C	1.17%
ADBE	C	0.87%
CMCSA	B	0.86%
TSLA	B	0.83%
TJX	A	0.82%
BKNG	A	0.81%
COP	C	0.78%
LOW	D	0.77%
AMAT	F	0.71%
LMT	D	0.71%
BMY	B	0.62%
MMC	B	0.56%
CI	F	0.55%
EOG	A	0.51%
SBUX	A	0.51%
PFE	D	0.47%
ELV	F	0.46%
LRCX	F	0.42%
CAH	B	0.4%
LEN	D	0.4%
COR	B	0.4%
UPS	C	0.4%
ORLY	B	0.37%
NUE	C	0.37%
TXN	C	0.36%
MU	D	0.35%
AON	A	0.34%
PYPL	B	0.34%
SYY	B	0.33%
FDX	B	0.33%
MCO	B	0.33%
AZO	C	0.33%
GILD	C	0.32%
TGT	F	0.32%
HUM	C	0.32%
NKE	D	0.31%
DHI	D	0.31%
PSA	D	0.31%
ITW	B	0.31%
CTSH	B	0.29%
KR	B	0.29%
GWW	B	0.28%
ADM	D	0.27%
MPC	D	0.26%
HCA	F	0.26%
CMI	A	0.26%
STLD	B	0.25%
QCOM	F	0.25%
TROW	B	0.25%
REGN	F	0.25%
DE	A	0.25%
ROST	C	0.25%
CNC	D	0.24%
GM	B	0.24%
PCAR	B	0.23%
VST	B	0.23%
NVR	D	0.23%
ACGL	D	0.23%
ABNB	C	0.23%
CL	D	0.22%
FTNT	C	0.22%
FAST	B	0.22%
ABT	B	0.22%
MSCI	C	0.22%
DAL	C	0.22%
BBY	D	0.22%
URI	B	0.22%
GEV	B	0.21%
PHM	D	0.21%
WSM	B	0.21%
KVUE	A	0.21%
EA	A	0.21%
ADP	B	0.21%
LPLA	A	0.2%
VRTX	F	0.2%
CVS	D	0.19%
PAYX	C	0.19%
NVDA	C	0.18%
ISRG	A	0.18%
VLO	C	0.18%
ODFL	B	0.18%
EXPE	B	0.17%
RS	B	0.17%
LULU	C	0.17%
KMB	D	0.16%
EME	C	0.16%
BLDR	D	0.16%
KLAC	D	0.16%
DVN	F	0.16%
COF	B	0.16%
FCNCA	A	0.15%
GRMN	B	0.15%
TSCO	D	0.15%
SYF	B	0.14%
ULTA	F	0.14%
GEHC	F	0.14%
SLB	C	0.14%
MNST	C	0.14%
DRI	B	0.13%
CASY	A	0.13%
DECK	A	0.13%
ANET	C	0.13%
OC	A	0.13%
EXPD	D	0.13%
CF	B	0.13%
CHTR	C	0.13%
CTRA	B	0.12%
TPR	B	0.12%
UNP	C	0.12%
PSX	C	0.12%
MAR	B	0.12%
SNA	A	0.12%
KEYS	A	0.12%
CMG	B	0.11%
BJ	A	0.11%
UAL	A	0.11%
MTG	C	0.11%
EVR	B	0.11%
MRO	B	0.11%
CPNG	D	0.1%
FDS	B	0.1%
UTHR	C	0.1%
BKR	B	0.1%
SOLV	C	0.1%
LUV	C	0.1%
GIS	D	0.09%
EBAY	D	0.09%
MTD	D	0.09%
LYV	A	0.09%
LYB	F	0.09%
DKS	C	0.09%
A	D	0.09%
AMG	B	0.09%
ROK	B	0.09%
CINF	A	0.09%
CBRE	B	0.09%
ATO	A	0.08%
VICI	C	0.08%
CBOE	B	0.08%
LNG	B	0.08%
FICO	B	0.08%
TT	A	0.08%
SWKS	F	0.08%
HRB	D	0.08%
WY	D	0.08%
CTAS	B	0.08%
WSO	A	0.08%
INTC	D	0.08%
WST	C	0.08%
PFGC	B	0.08%
HPQ	B	0.08%
HSY	F	0.08%
ADI	D	0.08%
DOX	D	0.07%
NTAP	C	0.07%
CLX	B	0.07%
DLTR	F	0.07%
GPC	D	0.07%
CPRT	A	0.07%
GGG	B	0.07%
RHI	B	0.07%
SPGI	C	0.07%
LH	C	0.07%
SEIC	B	0.07%
AMD	F	0.07%
MAS	D	0.07%
TOL	B	0.07%
AYI	B	0.07%
RNR	C	0.06%
ACI	C	0.06%
EXP	A	0.06%
AGCO	D	0.06%
PGR	A	0.06%
EG	C	0.06%
TXRH	C	0.06%
TXT	D	0.06%
SKX	D	0.06%
MOH	F	0.06%
OXY	D	0.06%
K	A	0.06%
EW	C	0.06%
PWR	A	0.06%
FFIV	B	0.06%
PKG	A	0.06%
JBL	B	0.06%
VRSN	F	0.06%
INCY	C	0.06%
COIN	C	0.06%
BWA	D	0.06%
AOS	F	0.06%
POOL	C	0.06%
BX	A	0.06%
CHRW	C	0.06%
HAL	C	0.06%
ADSK	A	0.06%
CSX	B	0.06%
ALK	C	0.05%
LVS	C	0.05%
BLD	D	0.05%
MRNA	F	0.05%
IP	B	0.05%
JKHY	D	0.05%
APTV	D	0.05%
LSTR	D	0.05%
JBHT	C	0.05%
CCL	B	0.05%
CSL	C	0.05%
UHS	D	0.05%
ITT	A	0.05%
ALGN	D	0.05%
FIX	A	0.05%
SAIA	B	0.05%
CLF	F	0.05%
MGM	D	0.05%
RL	B	0.05%
MKTX	D	0.05%
YUM	B	0.05%
MUSA	A	0.05%
OSK	B	0.04%
NYT	C	0.04%
MCHP	D	0.04%
X	C	0.04%
AAL	B	0.04%
ACM	A	0.04%
CHE	D	0.04%
ROL	B	0.04%
FCX	D	0.04%
USFD	A	0.04%
KNSL	B	0.04%
LPX	B	0.04%
ARMK	B	0.04%
WYNN	D	0.04%
ALSN	B	0.04%
LEA	D	0.04%
TSN	B	0.04%
CNP	B	0.04%
PAYC	B	0.04%
GNTX	C	0.04%
COKE	C	0.04%
EPAM	C	0.04%
LECO	B	0.04%
CNM	D	0.04%
MOS	F	0.04%
BURL	A	0.04%
FND	C	0.04%
CHRD	D	0.04%
DBX	B	0.04%
ON	D	0.04%
INGR	B	0.04%
DCI	B	0.04%
WBD	C	0.04%
HOLX	D	0.04%
HLI	B	0.04%
OTIS	C	0.04%
OLN	D	0.03%
WAT	B	0.03%
AMGN	D	0.03%
SJM	D	0.03%
PINC	B	0.03%
MTZ	B	0.03%
FCN	D	0.03%
RLI	B	0.03%
G	B	0.03%
MSM	C	0.03%
WTW	B	0.03%
PVH	C	0.03%
GLPI	C	0.03%
KNX	B	0.03%
THO	B	0.03%
VVV	F	0.03%
TER	D	0.03%
RPRX	D	0.03%
GAP	C	0.03%
DPZ	C	0.03%
LOPE	B	0.03%
OVV	B	0.03%
JHG	A	0.03%
DGX	A	0.03%
FOXA	B	0.03%
MEDP	D	0.03%
LLY	F	0.03%
HST	C	0.03%
LAMR	D	0.03%
JNPR	F	0.03%
TAP	C	0.03%
J	F	0.03%
EXEL	B	0.03%
AMCR	D	0.03%
BIIB	F	0.02%
BBWI	D	0.02%
DINO	D	0.02%
CDW	F	0.02%
ABBV	D	0.02%
NEU	C	0.02%
HII	D	0.02%
FIVE	F	0.02%
CDNS	B	0.02%
CE	F	0.02%
CPB	D	0.02%
AR	B	0.02%
TTEK	F	0.02%
APA	D	0.02%
M	D	0.02%
LKQ	D	0.02%
DD	D	0.02%
MHK	D	0.02%
CTVA	C	0.02%
EL	F	0.02%
CROX	D	0.02%
ALB	C	0.02%
SSD	D	0.02%
PII	D	0.02%
CRUS	D	0.02%
IWB	A	0.0%

QARP Underweight 53 Positions Relative to ICAP

Symbol	Grade	Weight
GS	A	-4.97%
C	A	-4.23%
EQIX	A	-4.14%
MTB	A	-3.96%
KRC	C	-3.91%
MPLX	A	-3.27%
AES	F	-3.2%
CFG	B	-3.15%
BXP	D	-3.13%
BAC	A	-3.05%
FRT	B	-2.91%
SLMBP	C	-2.79%
DLR	B	-2.77%
AB	C	-2.37%
ARE	D	-2.06%
TFC	A	-2.05%
MS	A	-1.98%
NYMTN	D	-1.95%
AVGO	D	-1.95%
UGI	A	-1.83%
KHC	F	-1.82%
REXR	F	-1.7%
EIX	B	-1.67%
JPM	A	-1.61%
ARES	A	-1.47%
VOD	F	-1.43%
O	D	-1.28%
SO	D	-1.27%
CCI	D	-1.07%
FITB	A	-1.06%
USB	A	-1.03%
HON	B	-1.01%
KMI	A	-1.0%
BLMN	F	-0.98%
HPE	B	-0.98%
NWN	A	-0.74%
IRM	D	-0.63%
RTX	C	-0.62%
AMT	D	-0.55%
CTDD	C	-0.33%
EPR	D	-0.31%
PAA	B	-0.3%
RRR	D	-0.26%
NEE	D	-0.26%
NEE	D	-0.21%
DUK	C	-0.21%
OKE	A	-0.19%
KO	D	-0.07%
ET	A	-0.03%
GD	F	-0.02%
WMB	A	-0.01%
D	C	-0.01%
UZE	B	-0.01%