SPYD vs. ICAP ETF Comparison

Comparison of SPDR S&P 500 High Dividend ETF (SPYD) to InfraCap Equity Income Fund ETF (ICAP)

SPYD

SPDR S&P 500 High Dividend ETF

SPYD Description

The investment seeks to track the performance of the S&P 500 High Dividend Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500® Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.74

Average Daily Volume

1,166,475

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

$27.20

Average Daily Volume

8,851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPYD	ICAP
30 Days	4.55%	5.15%
60 Days	7.83%	4.34%
90 Days	14.15%	11.48%
12 Months	30.47%	22.52%

25 Overlapping Holdings

Symbol	Grade	Weight in SPYD	Weight in ICAP	Overlap
AES	C	1.23%	4.15%	1.23%
ARE	C	1.24%	2.19%	1.24%
BXP	B	1.37%	3.09%	1.37%
CCI	C	1.3%	1.29%	1.29%
CFG	C	1.09%	2.88%	1.09%
CVX	D	1.05%	2.69%	1.05%
D	C	1.28%	0.99%	0.99%
DOW	D	1.08%	2.67%	1.08%
DUK	C	1.24%	1.99%	1.24%
EIX	C	1.29%	1.79%	1.29%
FRT	C	1.26%	3.11%	1.26%
IBM	B	1.35%	0.45%	0.45%
KHC	C	1.24%	2.1%	1.24%
KMI	B	1.16%	1.15%	1.15%
MO	C	1.24%	0.18%	0.18%
MTB	B	1.13%	3.2%	1.13%
O	C	1.26%	1.48%	1.26%
OKE	B	1.28%	0.16%	0.16%
PM	C	1.3%	0.09%	0.09%
SO	B	1.25%	0.05%	0.05%
SPG	B	1.26%	1.61%	1.26%
T	C	1.3%	0.77%	0.77%
TFC	C	1.11%	1.92%	1.11%
VZ	B	1.29%	0.41%	0.41%
WMB	B	1.22%	0.17%	0.17%

SPYD Overweight 55 Positions Relative to ICAP

Symbol	Grade	Weight
K	B	1.63%
KVUE	C	1.48%
VTR	C	1.4%
PSA	B	1.4%
SWK	B	1.35%
MAA	B	1.34%
REG	C	1.33%
HAS	B	1.33%
WEC	C	1.32%
KIM	C	1.32%
XEL	B	1.31%
UDR	C	1.31%
ETR	B	1.31%
VICI	C	1.3%
GIS	B	1.3%
GILD	B	1.3%
FMC	C	1.29%
EQR	B	1.29%
BBY	C	1.29%
CPT	B	1.28%
BMY	C	1.27%
EXR	B	1.27%
FE	C	1.27%
ABBV	C	1.27%
EXC	C	1.27%
AMCR	B	1.26%
AEP	C	1.26%
ESS	B	1.26%
EVRG	B	1.25%
PNW	C	1.25%
DOC	C	1.25%
CAG	C	1.24%
ES	C	1.24%
IP	B	1.21%
IPG	C	1.2%
SJM	C	1.19%
FITB	B	1.18%
HST	C	1.17%
KEY	B	1.17%
USB	B	1.15%
VTRS	D	1.15%
PNC	B	1.15%
UPS	D	1.14%
CVS	D	1.14%
RF	B	1.14%
LYB	D	1.13%
PFE	C	1.13%
MS	D	1.11%
HBAN	B	1.11%
IVZ	B	1.11%
PRU	C	1.09%
TROW	D	1.05%
BEN	F	1.0%
WBA	F	0.95%
F	F	0.9%

SPYD Underweight 41 Positions Relative to ICAP

Symbol	Grade	Weight
GS	C	-7.49%
C	C	-4.86%
EQIX	C	-4.29%
KRC	B	-3.64%
AVGO	C	-3.41%
MPLX	B	-3.18%
SLMBP	B	-2.95%
BAC	D	-2.95%
ORCL	C	-2.33%
AB	B	-2.28%
JPM	D	-2.11%
REXR	C	-2.11%
NYMTN	A	-2.02%
DLR	B	-2.01%
MCD	B	-1.95%
AMZN	C	-1.95%
UGI	C	-1.93%
VOD	C	-1.72%
ARES	B	-1.3%
BLMN	F	-1.21%
MRK	D	-1.04%
MSFT	C	-0.92%
NWN	C	-0.75%
AMT	C	-0.69%
IRM	C	-0.68%
EMR	D	-0.55%
UNH	C	-0.44%
RTX	C	-0.43%
UZE	C	-0.41%
HPE	D	-0.4%
MMM	B	-0.36%
EPR	B	-0.34%
NEE	C	-0.23%
HON	D	-0.18%
CAT	B	-0.18%
GD	B	-0.16%
JNJ	C	-0.1%
KO	C	-0.08%
PG	C	-0.08%
ET	B	-0.03%
PEP	C	-0.03%