ICAP vs. PFF ETF Comparison

Comparison of InfraCap Equity Income Fund ETF (ICAP) to iShares US Preferred Stock ETF (PFF)

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

$27.74

Average Daily Volume

7,899

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

3,786,026

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	ICAP	PFF
30 Days	1.03%	-1.37%
60 Days	3.08%	-1.53%
90 Days	6.32%	2.37%
12 Months	31.00%	15.55%

30 Overlapping Holdings

Symbol	Grade	Weight in ICAP	Weight in PFF	Overlap
ARES	A	1.47%	1.0%	1.0%
BAC	A	3.05%	0.28%	0.28%
BAC	A	3.05%	0.06%	0.06%
C	A	4.23%	1.68%	1.68%
CFG	B	3.15%	0.24%	0.24%
CTDD	B	0.33%	0.31%	0.31%
DLR	B	2.77%	0.11%	0.11%
DUK	C	0.21%	0.62%	0.21%
EIX	B	1.67%	0.12%	0.12%
EPR	C	0.31%	0.06%	0.06%
FITB	B	1.06%	0.12%	0.12%
FRT	B	2.91%	0.08%	0.08%
GS	A	4.97%	0.12%	0.12%
HPE	B	0.98%	1.13%	0.98%
JPM	A	1.61%	0.41%	0.41%
KMI	A	1.0%	0.13%	0.13%
MS	A	1.98%	0.25%	0.25%
MTB	A	3.96%	0.16%	0.16%
NEE	C	0.26%	0.42%	0.26%
NEE	C	0.21%	1.08%	0.21%
NEE	C	0.26%	1.08%	0.26%
NEE	C	0.21%	0.42%	0.21%
NYMTN	D	1.95%	0.08%	0.08%
SLMBP	C	2.79%	0.12%	0.12%
SO	C	1.27%	0.37%	0.37%
T	A	0.18%	0.88%	0.18%
T	A	0.18%	0.64%	0.18%
TFC	A	2.05%	0.1%	0.1%
USB	A	1.03%	0.21%	0.21%
UZE	B	0.01%	0.29%	0.01%

ICAP Overweight 46 Positions Relative to PFF

Symbol	Grade	Weight
EQIX	A	4.14%
CVX	A	4.14%
KRC	B	3.91%
AMZN	C	3.87%
MPLX	A	3.27%
AES	F	3.2%
BXP	C	3.13%
ORCL	A	3.02%
AB	B	2.37%
ARE	F	2.06%
AVGO	D	1.95%
UGI	C	1.83%
KHC	F	1.82%
REXR	F	1.7%
SPG	A	1.69%
MCD	D	1.58%
FANG	C	1.48%
VOD	F	1.43%
O	C	1.28%
DOW	F	1.17%
CCI	C	1.07%
XOM	B	1.05%
HON	C	1.01%
BLMN	F	0.98%
MRK	D	0.85%
NWN	A	0.74%
CAT	B	0.68%
PM	B	0.65%
IRM	C	0.63%
RTX	D	0.62%
MMM	D	0.58%
MSFT	D	0.55%
AMT	C	0.55%
CSCO	B	0.5%
VZ	C	0.36%
PAA	B	0.3%
RRR	F	0.26%
OKE	A	0.19%
JNJ	C	0.08%
MO	A	0.07%
KO	D	0.07%
ET	A	0.03%
GD	D	0.02%
WMB	A	0.01%
D	C	0.01%
UNH	B	0.01%

ICAP Underweight 199 Positions Relative to PFF

Symbol	Grade	Weight
ALB	B	-1.35%
TBB	C	-0.79%
SOJD	D	-0.55%
TBC	C	-0.51%
SREA	D	-0.46%
RZC	C	-0.46%
APO	B	-0.4%
CMSD	C	-0.38%
MET	A	-0.37%
JXN	C	-0.37%
F	C	-0.37%
CHSCO	B	-0.36%
LNC	C	-0.35%
PRS	C	-0.35%
WCC	B	-0.35%
BTSG	C	-0.35%
SYF	B	-0.33%
CHSCL	B	-0.33%
BANC	B	-0.32%
GTLS	A	-0.32%
QRTEP	F	-0.32%
DUKB	D	-0.31%
CHSCM	D	-0.31%
AXS	A	-0.31%
SCHW	B	-0.31%
WFC	A	-0.31%
STT	B	-0.31%
USM	B	-0.29%
FITBI	B	-0.29%
BPYPM	D	-0.28%
NLY	C	-0.27%
CHSCN	D	-0.27%
SOJC	D	-0.27%
TPG	A	-0.26%
PFH	D	-0.25%
RZB	C	-0.25%
KEY	B	-0.25%
CG	B	-0.24%
KKR	A	-0.24%
TDS	B	-0.23%
PBI	B	-0.23%
DTW	D	-0.23%
FG	A	-0.23%
HIG	B	-0.22%
NTRS	A	-0.22%
CHSCP	F	-0.22%
EAI	D	-0.22%
AGNCN	A	-0.21%
FCNCA	A	-0.2%
RLJ	C	-0.2%
ESGRP	D	-0.2%
UNMA	C	-0.19%
ATHS	D	-0.19%
ACGLO	D	-0.19%
VOYA	B	-0.19%
RF	A	-0.19%
PRU	A	-0.19%
UMH	B	-0.18%
MGR	D	-0.18%
WTFCP	A	-0.18%
NGL	D	-0.18%
KREF	C	-0.17%
CMSC	C	-0.17%
TCBI	C	-0.16%
ALL	A	-0.16%
WAL	B	-0.16%
TVC	C	-0.15%
ELC	D	-0.15%
BHF	C	-0.15%
NRUC	D	-0.15%
NAVI	F	-0.15%
RNR	C	-0.15%
SR	A	-0.15%
GPJA	D	-0.15%
OZKAP	D	-0.15%
WAFD	B	-0.14%
FBRT	D	-0.14%
GL	C	-0.14%
AIZN	D	-0.14%
EQH	C	-0.14%
HPP	F	-0.14%
EMP	D	-0.14%
PNFP	B	-0.14%
AGNC	C	-0.14%
DBRG	F	-0.13%
SNV	C	-0.13%
DDT	B	-0.13%
NSA	C	-0.13%
WRB	A	-0.12%
TVE	C	-0.12%
VNO	C	-0.12%
SLG	B	-0.12%
CMSA	C	-0.12%
KIM	A	-0.12%
FCNCO	C	-0.12%
SFB	D	-0.12%
SITC	D	-0.11%
LBRDP	C	-0.11%
AUB	B	-0.11%
CMS	C	-0.11%
DTE	C	-0.11%
HWC	B	-0.11%
AFGC	D	-0.11%
NYMTM	A	-0.11%
SIGI	C	-0.1%
WSBC	B	-0.1%
TRTX	C	-0.1%
SPLP	D	-0.1%
FULT	A	-0.1%
AFGE	D	-0.1%
RITM	C	-0.1%
VLY	B	-0.1%
DHC	F	-0.1%
SF	B	-0.1%
HBAN	A	-0.1%
CIM	D	-0.09%
AMG	B	-0.09%
KMPR	A	-0.09%
GPMT	C	-0.09%
CADE	B	-0.09%
ZIONO	D	-0.09%
ARR	D	-0.09%
AGNCL	B	-0.09%
AFGD	C	-0.09%
CION	C	-0.09%
AHH	D	-0.09%
BNRE.A	A	-0.09%
BOH	B	-0.08%
CFR	B	-0.08%
QVCD	D	-0.08%
ATLC	A	-0.08%
TWO	F	-0.08%
GAIN	B	-0.08%
CTVA	C	-0.08%
AFGB	C	-0.08%
LANDO	C	-0.08%
BC	C	-0.08%
NYMTL	A	-0.08%
ARGD	C	-0.08%
CNO	B	-0.08%
WTFCM	A	-0.08%
MBIN	F	-0.08%
WBS	A	-0.08%
ADC	A	-0.08%
RILY	F	-0.07%
PSA	C	-0.07%
ACR	A	-0.07%
ENO	D	-0.07%
AMH	C	-0.07%
BPOPM	C	-0.07%
PCG	A	-0.07%
CLDT	B	-0.07%
IVR	F	-0.07%
FCRX	A	-0.07%
ABR	C	-0.07%
CTO	B	-0.07%
MHNC	C	-0.07%
FTAI	A	-0.07%
ONB	C	-0.07%
PMT	C	-0.07%
VLYPP	A	-0.07%
NEWT	C	-0.07%
MFA	D	-0.07%
HTLF	B	-0.07%
REG	A	-0.07%
NMFC	D	-0.07%
MSBI	B	-0.07%
DRH	B	-0.07%
EQC	B	-0.07%
TRIN	A	-0.07%
FHN	A	-0.07%
SNCR	F	-0.07%
DX	B	-0.07%
RILYN	C	-0.06%
BFS	C	-0.06%
PEB	D	-0.06%
LXP	D	-0.06%
COF	C	-0.06%
CNOB	B	-0.06%
PSEC	D	-0.06%
CODI	B	-0.06%
VLYPO	B	-0.06%
EFC	C	-0.06%
GNL	F	-0.06%
BW	D	-0.06%
SAR	A	-0.06%
DCOMP	D	-0.06%
FATBP	F	-0.05%
MHLA	B	-0.05%
CIO	C	-0.05%
INN	D	-0.05%
SHO	D	-0.05%
FOSL	C	-0.05%
ASB	B	-0.05%
RC	D	-0.05%
SLNHP	B	-0.04%
OPI	F	-0.04%
BHR	C	-0.03%
XELAP	F	-0.0%