ZIG vs. ICAP ETF Comparison

Comparison of The Acquirers Fund (ZIG) to InfraCap Equity Income Fund ETF (ICAP)

ZIG

The Acquirers Fund

ZIG Description

The investment seeks capital appreciation. The fund is actively managed and seeks to achieve its investment objective by investing primarily in equity securities (or depositary receipts) of companies in developed markets outside the United States based on the results of a proprietary, quantitative model (the "EquBot Model") developed by the adviser that runs on the Watson™ platform. Its investment adviser is a technology based company focused on applying artificial intelligence ("AI") based solutions to investment analyses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.93

Average Daily Volume

3,059

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

$26.51

Average Daily Volume

7,662

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ZIG	ICAP
30 Days	-0.65%	-1.35%
60 Days	0.41%	1.50%
90 Days	3.81%	4.22%
12 Months	25.62%	30.20%

1 Overlapping Holdings

	Symbol	Grade	Weight in ZIG	Weight in ICAP	Overlap
	MO	A	3.26%	1.02%	1.02%

ZIG Overweight 29 Positions Relative to ICAP

Symbol	Grade	Weight
CALM	B	3.89%
UI	A	3.89%
TPL	A	3.82%
MLI	A	3.63%
STLD	A	3.57%
SYF	B	3.56%
HCC	A	3.51%
BK	B	3.48%
CNS	B	3.48%
YUM	D	3.42%
SLM	C	3.41%
BTU	A	3.38%
DPZ	B	3.37%
VRSN	F	3.37%
CF	B	3.34%
APAM	A	3.34%
DDS	C	3.33%
PBF	F	3.31%
CRC	B	3.26%
ATKR	F	3.22%
NUE	F	3.2%
LPX	D	3.11%
BCC	D	3.11%
CROX	F	3.11%
AMR	F	3.08%
STNG	F	2.96%
BLDR	F	2.96%
BPOP	F	2.92%
TRMD	F	2.57%

ZIG Underweight 69 Positions Relative to ICAP

Symbol	Grade	Weight
C	A	-4.8%
GS	B	-4.46%
EQIX	B	-4.23%
KRC	B	-4.11%
AES	F	-3.9%
MTB	B	-3.59%
BXP	C	-3.42%
CVX	A	-3.32%
JPM	A	-3.18%
MPLX	A	-3.08%
ORCL	B	-2.99%
FRT	D	-2.93%
CFG	A	-2.8%
SLMBP	D	-2.78%
AVGO	B	-2.53%
AB	B	-2.41%
ARE	F	-2.28%
KHC	D	-2.03%
DLR	A	-2.0%
NYMTN	A	-2.0%
UGI	D	-1.96%
TFC	C	-1.92%
REXR	F	-1.84%
AMZN	A	-1.84%
MSFT	D	-1.77%
EIX	D	-1.75%
SPG	C	-1.64%
VOD	D	-1.55%
O	D	-1.46%
FANG	F	-1.46%
ARES	B	-1.45%
BAC	B	-1.4%
SO	C	-1.37%
DOW	F	-1.35%
MCD	C	-1.21%
KMI	B	-1.2%
BLMN	F	-1.16%
CCI	D	-1.15%
HPE	A	-1.11%
XOM	C	-1.05%
USB	B	-0.99%
FITB	B	-0.98%
MRK	F	-0.92%
NWN	C	-0.74%
IRM	B	-0.7%
PM	A	-0.67%
RTX	C	-0.66%
AMT	D	-0.63%
HON	B	-0.57%
D	B	-0.55%
VZ	D	-0.38%
EPR	D	-0.33%
MMM	D	-0.33%
NRG	B	-0.31%
PAA	D	-0.3%
RRR	F	-0.26%
DUK	C	-0.23%
NEE	D	-0.22%
UNH	C	-0.21%
T	A	-0.19%
WMB	A	-0.19%
OKE	B	-0.17%
GD	C	-0.16%
NEE	D	-0.15%
MS	B	-0.1%
JNJ	D	-0.09%
KO	D	-0.07%
ET	A	-0.03%
UZE	B	-0.01%