ICAP vs. FDL ETF Comparison

Comparison of InfraCap Equity Income Fund ETF (ICAP) to First Trust Morningstar ETF (FDL)

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

FDL

First Trust Morningstar ETF

FDL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.34

Average Daily Volume

362,157

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	ICAP	FDL
30 Days	3.15%	2.77%
60 Days	4.72%	4.11%
90 Days	7.68%	6.49%
12 Months	32.68%	33.82%

16 Overlapping Holdings

Symbol	Grade	Weight in ICAP	Weight in FDL	Overlap
CFG	B	3.15%	0.64%	0.64%
CVX	A	4.14%	9.22%	4.14%
DOW	F	1.17%	1.23%	1.17%
DUK	C	0.21%	2.18%	0.21%
EIX	B	1.67%	0.83%	0.83%
FANG	D	1.48%	1.25%	1.25%
FITB	A	1.06%	0.78%	0.78%
KHC	F	1.82%	0.91%	0.91%
KMI	A	1.0%	2.06%	1.0%
MO	A	0.07%	4.96%	0.07%
OKE	A	0.19%	1.96%	0.19%
PM	B	0.65%	5.87%	0.65%
TFC	A	2.05%	2.19%	2.05%
UGI	A	1.83%	0.22%	0.22%
USB	A	1.03%	2.44%	1.03%
VZ	C	0.36%	7.42%	0.36%

ICAP Overweight 56 Positions Relative to FDL

Symbol	Grade	Weight
GS	A	4.97%
C	A	4.23%
EQIX	A	4.14%
MTB	A	3.96%
KRC	C	3.91%
AMZN	C	3.87%
MPLX	A	3.27%
AES	F	3.2%
BXP	D	3.13%
BAC	A	3.05%
ORCL	B	3.02%
FRT	B	2.91%
SLMBP	C	2.79%
DLR	B	2.77%
AB	C	2.37%
ARE	D	2.06%
MS	A	1.98%
NYMTN	D	1.95%
AVGO	D	1.95%
REXR	F	1.7%
SPG	B	1.69%
JPM	A	1.61%
MCD	D	1.58%
ARES	A	1.47%
VOD	F	1.43%
O	D	1.28%
SO	D	1.27%
CCI	D	1.07%
XOM	B	1.05%
HON	B	1.01%
BLMN	F	0.98%
HPE	B	0.98%
MRK	F	0.85%
NWN	A	0.74%
CAT	B	0.68%
IRM	D	0.63%
RTX	C	0.62%
MMM	D	0.58%
MSFT	F	0.55%
AMT	D	0.55%
CSCO	B	0.5%
CTDD	C	0.33%
EPR	D	0.31%
PAA	B	0.3%
RRR	D	0.26%
NEE	D	0.26%
NEE	D	0.21%
T	A	0.18%
JNJ	D	0.08%
KO	D	0.07%
ET	A	0.03%
GD	F	0.02%
WMB	A	0.01%
D	C	0.01%
UZE	B	0.01%
UNH	C	0.01%

ICAP Underweight 84 Positions Relative to FDL

Symbol	Grade	Weight
ABBV	D	-6.79%
PFE	D	-5.94%
IBM	C	-4.35%
UPS	C	-3.49%
GILD	C	-3.11%
CVS	D	-2.33%
PNC	B	-2.12%
F	C	-1.78%
PRU	A	-1.46%
AEP	D	-1.21%
KMB	D	-1.08%
EXC	C	-1.04%
XEL	A	-0.93%
TROW	B	-0.9%
LYB	F	-0.87%
ETR	B	-0.82%
HBAN	A	-0.78%
WEC	A	-0.76%
RF	A	-0.75%
STT	A	-0.67%
KEY	B	-0.66%
ES	D	-0.64%
FE	C	-0.57%
AEE	A	-0.54%
BBY	D	-0.49%
EVRG	A	-0.44%
CLX	B	-0.43%
OMF	A	-0.42%
K	A	-0.42%
CAG	D	-0.41%
FNF	B	-0.37%
LNT	A	-0.35%
CMA	A	-0.33%
WHR	B	-0.33%
IPG	D	-0.33%
CNH	C	-0.32%
FHN	A	-0.31%
SJM	D	-0.31%
SWK	D	-0.31%
PNW	B	-0.29%
BEN	C	-0.28%
COLB	A	-0.28%
LNC	B	-0.26%
OGE	B	-0.25%
MTN	C	-0.24%
HAS	D	-0.24%
ZION	B	-0.23%
SNV	B	-0.21%
WU	D	-0.2%
FMC	D	-0.19%
JHG	A	-0.19%
APAM	B	-0.17%
VLY	B	-0.17%
FAF	A	-0.16%
UBSI	B	-0.16%
OZK	B	-0.15%
NXST	C	-0.15%
POR	C	-0.14%
FIBK	A	-0.14%
SR	A	-0.13%
WEN	D	-0.13%
TNL	A	-0.13%
FLO	D	-0.13%
BKH	A	-0.13%
ALE	A	-0.12%
CC	C	-0.12%
NJR	A	-0.12%
ASB	B	-0.12%
NWE	B	-0.11%
PRGO	B	-0.11%
PNM	F	-0.11%
FHB	A	-0.11%
MSM	C	-0.11%
MAN	D	-0.1%
OGS	A	-0.1%
AVA	A	-0.1%
CATY	B	-0.09%
AGR	B	-0.09%
SMG	D	-0.09%
FHI	A	-0.09%
LCII	C	-0.08%
CRI	D	-0.06%
SIRI	C	-0.05%
GEF	A	-0.01%