ICAP

THE INFRACAP EQUITY INCOME FUND ETF

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

NYSE What's The Fund: InfraCap Equity Income ETF

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 DATA & PRICING
Net Assets as of 02/02/2023 $35.36m
NAV $28.29
Shares Outstanding 1,250,000
Premium/discount Percentage 0.27%
Closing Price $28.36
Median 30 Day Spread 0.37%

Data as of 02/02/2023

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.

FUND DETAILS
Inception Date 12/28/2021
Ticker ICAP
Primary Exchange NYSE
CUSIP 81752T619
IOPV Symbol ICAP.IV
NAV Symbol ICAP.NV
Net Expense Ratio .80%
Gross Expense Ratio .80%
30 Day Sec Yield ** 9.54%

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

** As of 12/30/2022 - SEC 30-day yield reflects the
dividends and interest earned during the period,
after the deduction of the fund's expenses.  

PERFORMANCE QUARTER END RETURNS AS OF 12/31/2022
  AVG. ANNUALIZED
  Month End 12/31 Calendar Quarter Q4 Calendar YTD Since Inception
Fund NAV -5.33% 11.79% -9.35% -8.96%
Market Price -5.23% 10.57% -10.13% -9.10%
S&P 500 Index (SP500TR) -5.76% 7.56% -18.11% -18.44%

Expense ratio: 0.80%

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.

DISTRIBUTION DETAIL
EX-DATE RECORD DATE 1 YEAR PAYABLE DATE
1/26/2022 1/27/2022 $2.10 per share on an annualized basis 1/28/2022
2/23/2022 2/24/2022 $2.10 per share on an annualized basis 2/25/2022
3/28/2022 3/29/2022 $2.10 per share on an annualized basis 3/31/2022
4/27/2022 4/28/2022 $2.10 per share on an annualized basis 4/29/2022
5/25/2022 5/26/2022 $2.10 per share on an annualized basis 5/27/2022
6/27/2022 6/28/2022 $2.10 per share on an annualized basis 6/30/2022
7/26/2022 7/27/2022 $2.10 per share on an annualized basis 7/29/2022
8/24/2022 8/25/2022 $2.10 per share on an annualized basis 8/26/2022
9/28/2022 9/29/2022 $2.10 per share on an annualized basis 9/30/2022
10/26/2022 10/27/2022 $2.10 per share on an annualized basis 10/28/2022
11/23/2022 11/25/2022 $2.10 per share on an annualized basis 11/28/2022
12/28/2022 12/29/2022 $3.90 per share on an annualized basis*** 12/30/2022
TOP 10 HOLDINGS
% OF NET ASSETS NAME TICKER CUSIP SHARES HELD MARKET VALUE
3.99% DOW INC DOW 260557103 24,021 1,440,058.95
2.87% PRUDENTIAL FINL INC PRU 744320102 10,051 1,033,443.82
2.81% ANNALY CAPITAL MANAGEMENT INC COM NEW NLY 035710839 42,003 1,013,112.36
2.79% CHEVRON CORP NEW CVX 166764100 5,952 1,005,947.52
2.75% BOSTON PROPERTIES INC BXP 101121101 12,674 993,261.38
2.74% ENBRIDGE INC ENB 29250N105 24,381 989,624.79
2.69% TRUIST FINANCIAL CORP TFC 89832Q109 19,251 970,057.89
2.66% SIMON PPTY GROUP INC NEW SPG 828806109 7,266 957,586.14
2.62% US BANCORP DEL USB 902973304 19,196 943,483.40
2.56% RITHM CAPITAL CORP RITM 64828T201 96,550 924,949.00

Data as of 02/03/2023. Holdings are subject to change.