ICAP vs. SRS ETF Comparison

Comparison of InfraCap Equity Income Fund ETF (ICAP) to ProShares UltraShort Real Estate (SRS)

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

SRS

ProShares UltraShort Real Estate

SRS Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Real EstateSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.72

Average Daily Volume

14,715

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ICAP	SRS
30 Days	3.15%	1.06%
60 Days	4.72%	4.22%
90 Days	7.68%	-2.87%
12 Months	32.68%	-33.05%

13 Overlapping Holdings

Symbol	Grade	Weight in ICAP	Weight in SRS	Overlap
AMT	D	0.55%	8.05%	0.55%
ARE	D	2.06%	1.46%	1.46%
BXP	D	3.13%	1.56%	1.56%
CCI	D	1.07%	4.7%	1.07%
DLR	B	2.77%	2.02%	2.02%
EPR	D	0.31%	0.44%	0.31%
EQIX	A	4.14%	3.91%	3.91%
FRT	B	2.91%	0.71%	0.71%
IRM	D	0.63%	0.7%	0.63%
KRC	C	3.91%	0.63%	0.63%
O	D	1.28%	1.94%	1.28%
REXR	F	1.7%	0.41%	0.41%
SPG	B	1.69%	3.53%	1.69%

ICAP Overweight 59 Positions Relative to SRS

Symbol	Grade	Weight
GS	A	4.97%
C	A	4.23%
CVX	A	4.14%
MTB	A	3.96%
AMZN	C	3.87%
MPLX	A	3.27%
AES	F	3.2%
CFG	B	3.15%
BAC	A	3.05%
ORCL	B	3.02%
SLMBP	C	2.79%
AB	C	2.37%
TFC	A	2.05%
MS	A	1.98%
NYMTN	D	1.95%
AVGO	D	1.95%
UGI	A	1.83%
KHC	F	1.82%
EIX	B	1.67%
JPM	A	1.61%
MCD	D	1.58%
FANG	D	1.48%
ARES	A	1.47%
VOD	F	1.43%
SO	D	1.27%
DOW	F	1.17%
FITB	A	1.06%
XOM	B	1.05%
USB	A	1.03%
HON	B	1.01%
KMI	A	1.0%
BLMN	F	0.98%
HPE	B	0.98%
MRK	F	0.85%
NWN	A	0.74%
CAT	B	0.68%
PM	B	0.65%
RTX	C	0.62%
MMM	D	0.58%
MSFT	F	0.55%
CSCO	B	0.5%
VZ	C	0.36%
CTDD	C	0.33%
PAA	B	0.3%
RRR	D	0.26%
NEE	D	0.26%
NEE	D	0.21%
DUK	C	0.21%
OKE	A	0.19%
T	A	0.18%
JNJ	D	0.08%
MO	A	0.07%
KO	D	0.07%
ET	A	0.03%
GD	F	0.02%
WMB	A	0.01%
D	C	0.01%
UZE	C	0.01%
UNH	C	0.01%

ICAP Underweight 74 Positions Relative to SRS

Symbol	Grade	Weight
PLD	D	-4.64%
WELL	A	-2.73%
PSA	D	-2.58%
AVB	B	-2.35%
EQR	B	-2.24%
SBAC	D	-2.21%
CSGP	D	-1.85%
WY	D	-1.8%
VTR	C	-1.71%
ESS	B	-1.59%
CBRE	B	-1.59%
DOC	D	-1.4%
INVH	D	-1.28%
MAA	B	-1.19%
EXR	D	-1.13%
WPC	D	-1.12%
SUI	D	-1.12%
NLY	C	-1.08%
UDR	B	-1.08%
HST	C	-1.0%
ELS	C	-1.0%
MPW	F	-0.9%
VNO	B	-0.83%
CPT	B	-0.83%
REG	B	-0.82%
AGNC	D	-0.77%
VICI	C	-0.76%
OHI	C	-0.74%
NNN	D	-0.74%
GLPI	C	-0.72%
JLL	D	-0.69%
KIM	A	-0.67%
LAMR	D	-0.62%
AIV	C	-0.61%
SLG	B	-0.58%
STWD	C	-0.56%
AMH	D	-0.54%
DEI	B	-0.54%
COLD	D	-0.53%
CUZ	B	-0.48%
BRX	A	-0.48%
CUBE	D	-0.47%
PK	B	-0.46%
HPP	F	-0.45%
HHH	B	-0.42%
FR	D	-0.42%
EGP	F	-0.41%
HIW	D	-0.41%
BXMT	C	-0.39%
RHP	B	-0.37%
JBGS	D	-0.37%
HR	C	-0.36%
SBRA	C	-0.33%
TWO	D	-0.32%
OUT	A	-0.32%
RYN	D	-0.32%
CIM	D	-0.31%
SVC	F	-0.31%
EQC	B	-0.31%
NHI	D	-0.29%
DSS	F	-0.28%
MFA	D	-0.28%
APLE	B	-0.26%
PEB	D	-0.26%
SHO	C	-0.24%
RLJ	B	-0.23%
PDM	D	-0.23%
PCH	D	-0.23%
BDN	C	-0.22%
PGRE	F	-0.22%
MAC	B	-0.22%
LXP	D	-0.21%
IVR	F	-0.19%
XHR	B	-0.18%