SCAP vs. ICAP ETF Comparison

Comparison of InfraCap Small Cap Income ETF (SCAP) to InfraCap Equity Income Fund ETF (ICAP)

SCAP

InfraCap Small Cap Income ETF

SCAP Description

The investment seeks to provide total return through long-term capital appreciation and current income. The fund seeks to achieve its investment objective by investing in a diversified group of U.S.-traded equity securities consisting of common and preferred stock, ADRs, and REITs. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in small cap securities. The fund's sub-advisor generally defines a small cap company as one having a market capitalization less than the market cap of the largest company in the Russell 2000 Index at the time of acquisition.

Grade (RS Rating)

Last Trade

$37.08

Average Daily Volume

2,490

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

$27.74

Average Daily Volume

7,899

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SCAP	ICAP
30 Days	4.32%	1.03%
60 Days	4.12%	3.08%
90 Days	5.37%	6.32%
12 Months		31.00%

5 Overlapping Holdings

Symbol	Grade	Weight in SCAP	Weight in ICAP	Overlap
AB	B	1.55%	2.37%	1.55%
AES	F	1.89%	3.2%	1.89%
BLMN	F	1.46%	0.98%	0.98%
KRC	B	2.09%	3.91%	2.09%
REXR	F	1.79%	1.7%	1.7%

SCAP Overweight 37 Positions Relative to ICAP

Symbol	Grade	Weight
HRI	C	3.47%
CASY	A	3.17%
MKSI	C	3.04%
EWBC	A	3.02%
GATX	A	2.95%
SM	B	2.64%
MUR	D	2.62%
PNFP	B	2.61%
CHRD	D	2.6%
PFBC	B	2.58%
ASIX	B	2.51%
PAGP	A	2.46%
NTB	B	2.35%
AVNT	B	2.27%
BRX	A	1.95%
DKL	C	1.94%
POR	C	1.92%
NYT	D	1.82%
AGNC	C	1.81%
WWD	C	1.75%
MCBS	B	1.7%
ESI	B	1.65%
JEF	A	1.58%
NTST	C	1.53%
EPRT	B	1.5%
SLM	A	1.38%
CELH	F	1.36%
PK	C	1.31%
AIZ	A	1.22%
WAL	B	1.19%
CHCT	C	1.16%
STAG	D	1.12%
MMI	C	1.1%
SBLK	F	1.09%
BPOP	C	1.05%
COOP	B	1.02%
VLYPP	A	0.45%

SCAP Underweight 67 Positions Relative to ICAP

Symbol	Grade	Weight
GS	A	-4.97%
C	A	-4.23%
EQIX	A	-4.14%
CVX	A	-4.14%
MTB	A	-3.96%
AMZN	C	-3.87%
MPLX	A	-3.27%
CFG	B	-3.15%
BXP	C	-3.13%
BAC	A	-3.05%
ORCL	A	-3.02%
FRT	B	-2.91%
SLMBP	C	-2.79%
DLR	B	-2.77%
ARE	F	-2.06%
TFC	A	-2.05%
MS	A	-1.98%
NYMTN	D	-1.95%
AVGO	D	-1.95%
UGI	C	-1.83%
KHC	F	-1.82%
SPG	A	-1.69%
EIX	B	-1.67%
JPM	A	-1.61%
MCD	D	-1.58%
FANG	C	-1.48%
ARES	A	-1.47%
VOD	F	-1.43%
O	C	-1.28%
SO	C	-1.27%
DOW	F	-1.17%
CCI	C	-1.07%
FITB	B	-1.06%
XOM	B	-1.05%
USB	A	-1.03%
HON	C	-1.01%
KMI	A	-1.0%
HPE	B	-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%
CTDD	B	-0.33%
EPR	C	-0.31%
PAA	B	-0.3%
RRR	F	-0.26%
NEE	C	-0.26%
NEE	C	-0.21%
DUK	C	-0.21%
OKE	A	-0.19%
T	A	-0.18%
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%
UZE	B	-0.01%
UNH	B	-0.01%