ICAP

THE INFRACAP EQUITY INCOME FUND ETF

The InfraCap Equity Income Fund ETF (the “Fund”) seeks to maximize income and pursue total return opportunities.

Our Company Focus

KEY FEATURES

  • Diversified Income: The Fund seeks to achieve high yield by investing at least 80% of its net assets in a diversified portfolio of equity securities of companies that pay dividends.
  • Active Alpha*: Through active management, security selection and weightings are based on rigorous, fundamental analysis and global macroeconomic factors.
  • Tax and Cost Advantaged Portfolio Construction: The ETF's structure offers potential tax and cost efficiencies because within the structure, securities are generally not sold to raise cash to meet redemptions. Instead, an "in-kind" mechanism allows the ETF to meet redemptions without selling securities and realizing capital gains. 
FUND DETAILS
Inception Date 12/28/2021
Ticker ICAP
Primary Exchange NYSE
CUSIP 81752T619
IOPV Symbol ICAP.IV
NAV Symbol ICAP.NV
Management Fee .80%
Total Expense Ratio 2.96%
30 Day Sec Yield ** 7.13%

* Alpha is a common investing term used to describe
a strategy's investment ability to beat the market.

** As of 9/30/2024 - SEC 30-day yield reflects the
dividends and interest earned during the period,
after the deduction of the fund's expenses.  

FUND DATA & PRICING
Net Assets as of 11/19/2024 $59.02m
NAV $27.45
Shares Outstanding 2,150,000
Premium/discount Percentage 0.01%
Closing Price $27.46
Median 30 Day Spread 0.47%

Data as of 11/19/2024

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

PERFORMANCE
1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since Inception
NAV -1.61 3.48 14.65 37.90 - - NA 13.45
MKT Price -1.08 3.74 15.09 37.66 - - NA 13.74
Bloomberg US Large Cap Dividend Yield Total Return Index 0.33 4.33 19.69 34.02 - - NA 33.26
S&P 500® Index¹ -0.91 3.66 20.97 38.02 - - NA 24.59

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 800-617-0004.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. 

¹ The Standard and Poor's 500, or simply the S&P 500®, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.

DISTRIBUTION DETAIL
EX-DATE RECORD DATE 1 YEAR PAYABLE DATE
7/29/2024 7/29/2024 $2.16 per share on an annualized basis 7/31/2024
DOWNLOAD PREMIUM DISCOUNT INFORMATION
TOP 10 HOLDINGS
% OF NET ASSETS NAME TICKER CUSIP SHARES HELD MARKET VALUE
4.24% Equinix Inc EQIX 29444U700 2,712 2,503,176.00
4.09% Amazon.com Inc AMZN 023135106 11,790 2,412,351.90
4.08% Chevron Corp CVX 166764100 15,071 2,405,331.60
3.96% M&T Bank Corp MTB 55261F104 10,930 2,335,850.30
3.91% Goldman Sachs Group Inc/The GS 38141G104 3,974 2,310,404.12
3.81% Kilroy Realty Corp KRC 49427F108 58,460 2,248,956.20
3.35% MPLX LP MPLX 55336V100 41,482 1,977,446.94
3.32% Citigroup Inc C 172967424 28,533 1,957,363.80
3.14% AES Corp/The AES 00130H105 134,704 1,852,180.00
3.12% BXP Inc BXP 101121101 23,195 1,842,146.90

Data as of 11/20/2024. Holdings are subject to change.

DOWNLOAD FULL HOLDINGS

FUND DOCUMENTS

Fund Literature

Fact Sheet
Press Release
Monthly Dividend Press Release - ICAP ETF Stock

Supplemental Information

2024 Distribution Calendar - ICAP ETF
ICAP ETF 2022 1099 ICI Primary Layout Information

Regulatory Documents

Prospectus
SAI
Summary Prospectus
Part F February 2024
Part F August 2024
November 2023 Annual Financial Statements
InfraCap Semi-Annual Core May 2024 Financial Statements
InfraCap Equity Income Fund ETF TSR
June 30 2024 Proxy Voting Report