SCAP vs. REAI ETF Comparison

Comparison of InfraCap Small Cap Income ETF (SCAP) to Intelligent Real Estate ETF (REAI)

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

$37.66

Average Daily Volume

2,426

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REAI

Intelligent Real Estate ETF

REAI Description

REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.

Grade (RS Rating)

Last Trade

$22.32

Average Daily Volume

274

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SCAP	REAI
30 Days	6.67%	-0.38%
60 Days	5.53%	-2.39%
90 Days	7.03%	1.39%
12 Months		28.37%

4 Overlapping Holdings

Symbol	Grade	Weight in SCAP	Weight in REAI	Overlap
BRX	A	2.02%	1.71%	1.71%
CHCT	C	1.17%	1.83%	1.17%
KRC	C	2.0%	1.65%	1.65%
STAG	F	1.12%	1.57%	1.12%

SCAP Overweight 40 Positions Relative to REAI

Symbol	Grade	Weight
HRI	B	3.41%
CASY	A	3.21%
EWBC	A	3.04%
GATX	A	3.0%
MKSI	C	2.96%
PFBC	B	2.88%
SM	B	2.75%
MUR	D	2.65%
CHRD	D	2.64%
PNFP	B	2.63%
PAGP	A	2.55%
ASIX	A	2.47%
MCBS	B	2.41%
NTB	B	2.35%
AVNT	B	2.27%
DKL	C	2.04%
POR	C	1.95%
AES	F	1.93%
AGNC	D	1.86%
REXR	F	1.84%
NYT	C	1.79%
WWD	B	1.73%
ESI	A	1.66%
JEF	A	1.62%
AB	C	1.61%
EPRT	B	1.55%
NTST	D	1.53%
SLM	A	1.44%
BLMN	F	1.38%
PK	B	1.29%
WAL	B	1.17%
SBLK	F	1.12%
MMI	B	1.1%
BPOP	B	1.07%
FHN	A	1.03%
COOP	B	1.01%
TPR	B	0.94%
VLYPP	A	0.46%
CELH	F	0.03%
AIZ	A	0.03%

SCAP Underweight 56 Positions Relative to REAI

Symbol	Grade	Weight
SLG	B	-1.8%
UE	C	-1.75%
LTC	B	-1.73%
CBL	A	-1.72%
ESS	B	-1.71%
NXRT	B	-1.71%
SKT	B	-1.7%
ELS	C	-1.7%
MAC	B	-1.7%
DEI	B	-1.69%
EQIX	A	-1.68%
SPG	B	-1.68%
GOOD	B	-1.68%
OLP	B	-1.68%
APLE	B	-1.65%
AAT	B	-1.65%
MAA	B	-1.65%
DRH	B	-1.64%
SBRA	C	-1.64%
VTR	C	-1.64%
FRT	B	-1.64%
UDR	B	-1.64%
CPT	B	-1.63%
XHR	B	-1.62%
RHP	B	-1.62%
AHH	D	-1.62%
OHI	C	-1.61%
INVH	D	-1.6%
NHI	D	-1.59%
UHT	D	-1.58%
BFS	C	-1.58%
HST	C	-1.58%
DOC	D	-1.58%
PDM	D	-1.57%
FR	C	-1.56%
PSA	D	-1.56%
CDP	C	-1.56%
ESRT	C	-1.55%
GLPI	C	-1.55%
BXP	D	-1.55%
EGP	F	-1.55%
CUBE	D	-1.55%
LAMR	D	-1.54%
SUI	D	-1.54%
HIW	D	-1.53%
ALX	D	-1.53%
CCI	D	-1.51%
IRM	D	-1.51%
EPR	D	-1.49%
BDN	C	-1.47%
AMT	D	-1.44%
PLYM	F	-1.43%
NNN	D	-1.42%
IIPR	D	-1.28%
OPI	F	-0.99%
SVC	F	-0.96%