NOBL vs. ICAP ETF Comparison

Comparison of ProShares S&P 500 Aristocrats ETF (NOBL) to InfraCap Equity Income Fund ETF (ICAP)

NOBL

ProShares S&P 500 Aristocrats ETF

NOBL Description

The investment seeks investment results before fees and expenses that track the performance of the S&P 500Â® Dividend AristocratsÂ® Index (the "index"). The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the index). The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight.

Grade (RS Rating)

Last Trade

$106.96

Average Daily Volume

423,177

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

$28.09

Average Daily Volume

7,908

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NOBL	ICAP
30 Days	1.07%	3.15%
60 Days	1.14%	4.72%
90 Days	3.79%	7.68%
12 Months	20.86%	32.68%

11 Overlapping Holdings

Symbol	Grade	Weight in NOBL	Weight in ICAP	Overlap
CAT	B	1.51%	0.68%	0.68%
CVX	A	1.62%	4.14%	1.62%
FRT	B	1.5%	2.91%	1.5%
GD	F	1.44%	0.02%	0.02%
JNJ	D	1.43%	0.08%	0.08%
KO	D	1.39%	0.07%	0.07%
MCD	D	1.46%	1.58%	1.46%
NEE	C	1.4%	0.26%	0.26%
NEE	C	1.4%	0.21%	0.21%
O	D	1.36%	1.28%	1.28%
XOM	B	1.53%	1.05%	1.05%

NOBL Overweight 55 Positions Relative to ICAP

Symbol	Grade	Weight
EMR	A	1.81%
GPC	D	1.67%
CINF	A	1.67%
ALB	C	1.66%
DOV	A	1.65%
BEN	C	1.64%
FAST	B	1.64%
GWW	B	1.64%
CHD	B	1.63%
PNR	A	1.62%
CAH	B	1.62%
TROW	B	1.61%
CLX	B	1.61%
ITW	B	1.6%
NUE	C	1.58%
TGT	F	1.58%
BRO	B	1.58%
KVUE	A	1.57%
CTAS	B	1.57%
SHW	B	1.57%
ADP	B	1.56%
ATO	A	1.56%
CHRW	C	1.56%
SPGI	C	1.55%
WMT	A	1.54%
ROP	B	1.54%
APD	A	1.54%
NDSN	B	1.54%
SYY	B	1.54%
EXPD	D	1.53%
PG	A	1.53%
ABT	B	1.53%
AFL	B	1.52%
LOW	D	1.52%
ESS	B	1.52%
KMB	D	1.51%
CB	C	1.49%
PPG	F	1.47%
ECL	D	1.46%
MDT	D	1.46%
IBM	C	1.45%
MKC	D	1.44%
CL	D	1.44%
SJM	D	1.43%
LIN	D	1.43%
HRL	D	1.43%
BDX	F	1.42%
WST	C	1.41%
AOS	F	1.41%
ADM	D	1.41%
AMCR	D	1.39%
PEP	F	1.39%
ED	D	1.37%
ABBV	D	1.33%
SWK	D	1.28%

NOBL Underweight 61 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%
AMZN	C	-3.87%
MPLX	A	-3.27%
AES	F	-3.2%
CFG	B	-3.15%
BXP	D	-3.13%
BAC	A	-3.05%
ORCL	B	-3.02%
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%
SPG	B	-1.69%
EIX	B	-1.67%
JPM	A	-1.61%
FANG	D	-1.48%
ARES	A	-1.47%
VOD	F	-1.43%
SO	C	-1.27%
DOW	F	-1.17%
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%
MRK	F	-0.85%
NWN	A	-0.74%
PM	B	-0.65%
IRM	D	-0.63%
RTX	C	-0.62%
MMM	D	-0.58%
MSFT	F	-0.55%
AMT	D	-0.55%
CSCO	B	-0.5%
VZ	C	-0.36%
CTDD	C	-0.33%
EPR	D	-0.31%
PAA	B	-0.3%
RRR	D	-0.26%
DUK	C	-0.21%
OKE	A	-0.19%
T	A	-0.18%
MO	A	-0.07%
ET	A	-0.03%
WMB	A	-0.01%
D	C	-0.01%
UZE	C	-0.01%
UNH	C	-0.01%