ICAP

THE INFRACAP EQUITY INCOME FUND ETF

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

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 08/12/2022 $27.07m
NAV $29.27
Shares Outstanding 925,000
Premium/discount Percentage 0.01%
Closing Price $29.27
Median 30 Day Spread 0.48%

Data as of 08/12/2022

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 * 8.67%

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

** As of 07/29/2022 - 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 06/30/2022
  AVG. ANNUALIZED
  Month End 7/29 Calendar Quarter Q2 1 Year (TTM) Since Inception
Fund NAV 7.09% -11.60% 00.00% -1.06%
Market Price 7.64% -11.90% 00.00% -0.67%
S&P 500 Index (SP500TR) 9.22% -16.10% -4.64% -12.94%

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
01/26/2022 01/27/2022 $2.10 per share on an annualized basis 01/28/2022
02/23/2022 02/24/2022 $2.10 per share on an annualized basis 02/25/2022
03/28/2022 03/29/2022 $2.10 per share on an annualized basis 03/31/2022
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
TOP 10 HOLDINGS
% OF NET ASSETS NAME TICKER CUSIP SHARES HELD MARKET VALUE
3.76% DOW INC DOW 260557103 18,222 1,019,156.46
3.37% AT&T INC T 00206R102 49,927 912,166.29
3.25% US BANCORP DEL USB 902973304 18,037 879,664.49
3.07% ANNALY CAPITAL MANAGEMENT INC COM NLY 035710409 121,918 831,480.76
2.94% KILROY RLTY CORP KRC 49427F108 14,878 796,865.68
2.84% ENBRIDGE INC ENB 29250N105 17,689 769,648.39
2.84% PRUDENTIAL FINL INC PRU 744320102 7,293 769,338.57
2.72% ARES CAPITAL CORP COM ARCC 04010L103 35,764 735,307.84
2.63% RITHM CAPITAL CORP RITM 64828T201 70,048 710,987.20
2.33% ALLIANCEBERNSTEIN HLDG L P AB 01881G106 13,984 630,818.24

Data as of 08/15/2022. Holdings are subject to change.