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Text Content
* ABOUT US * OUR ETFs * ICAPInfraCap Equity Income Fund ETF * PFFAPreferred Fund * PFFRREIT Preferred Fund * AMZA MLP Fund * BUY NOW * CONTACT US * SUBSCRIBE ICAP THE INFRACAP EQUITY INCOME FUND ETF The InfraCap Equity Income Fund ETF (the “Fund”) seeks to maximize income and pursue total return opportunities. * CONTACT US PausePlay % buffered00:00 -00:42 UnmuteMute Disable captionsEnable captions Settings CaptionsDisabledQuality1080pSpeedNormal CaptionsGo back to previous menu QualityGo back to previous menu SpeedGo back to previous menu 0.5×0.75×Normal1.25×1.5×1.75×2×4× PIPExit fullscreenEnter fullscreen Play OUR COMPANY FOCUS * VIEW ALL * CONTACT US 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 DOCUMENTS * Prospectus * Fact Sheet * SAI * Summary Prospectus * Press Release * Monthly Dividend Press Release - ICAP ETF Stock * 2023 Distribution Calendar - ICAP ETF * November 2022 Annual Financial Statements * ICAP ETF 2022 1099 ICI Primary Layout Information * May 2023 Semi-Annual Report * Q1 Part F, Semi-Annual * Q3 Part F, Annual FUND DATA & PRICING Net Assets as of 10/09/2023 $45.62m NAV $21.47 Shares Outstanding 2,125,000 Premium/discount Percentage -0.12% Closing Price $21.44 Median 30 Day Spread 0.47% Data as of 10/09/2023 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 Management Fee .80% Gross Expense Ratio 1.71% 30 Day Sec Yield ** 9.11% * Alpha is a common investing term used to describe a strategy's investment ability to beat the market. ** As of 08/31/2023 - SEC 30-day yield reflects the dividends and interest earned during the period, after the deduction of the fund's expenses. PERFORMANCE Quarterly As of 09/30/2023 Monthly As of 09/30/2023 Created with Highcharts 10.3.3PerformanceNAVMKT PriceIndex1 Month3 MonthYTD1 Year3 Years5 Years10 YearsSince Inception-20%-10%0%10%20%30% 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since Inception NAV -6.09 -3.58 -5.93 5.17 - - NA -14.36 MKT Price -5.57 -3.04 -5.24 4.78 - - NA -13.86 Index -4.77 -3.27 13.07 21.62 - - NA -7.79 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since Inception NAV -6.09 -3.58 -5.93 5.17 - - NA -14.36 MKT Price -5.57 -3.04 -5.24 4.78 - - NA -13.86 Index -4.77 -3.27 13.07 21.62 - - NA -7.79 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 1/27/2023 1/30/2023 $2.16 per share on an annualized basis 1/31/2023 2/24/2023 2/27/2023 $2.16 per share on an annualized basis 2/28/2023 3/29/2023 3/30/2023 $2.16 per share on an annualized basis 3/31/2023 4/26/2023 4/27/2023 $2.16 per share on an annualized basis 4/28/2023 5/26/2023 5/30/2023 $2.16 per share on an annualized basis 5/31/2023 DOWNLOAD PREMIUM DISCOUNT INFORMATION TOP 10 HOLDINGS % OF NET ASSETS NAME TICKER CUSIP SHARES HELD MARKET VALUE 4.72% SOUTHERN CO SO 842587107 32,635 2,150,972.85 3.73% UNITEDHEALTH GROUP INC UNH 91324P102 3,233 1,702,206.83 3.39% BLOOMIN BRANDS INC BLMN 094235108 67,313 1,548,199.00 3.39% ENBRIDGE INC ENB 29250N105 47,801 1,547,318.37 3.16% MORGAN STANLEY MS 617446448 18,044 1,441,896.04 3.08% KINDER MORGAN INC DEL KMI 49456B101 83,737 1,403,432.12 3.08% BOSTON PROPERTIES INC BXP 101121101 25,892 1,403,346.40 2.97% DOW INC DOW 260557103 26,678 1,355,509.18 2.89% HONEYWELL INTL INC HON 438516106 7,073 1,319,255.96 2.78% PHILIP MORRIS INTL INC PM 718172109 13,723 1,266,770.13 Data as of 10/10/2023. Holdings are subject to change. DOWNLOAD FULL HOLDINGS 212-763-8336 samuel.agoglia@icmllc.com / Craig.Starr@icmllc.com 1325 Avenue of the Americas, 28th Floor, New York © 2023 Infrastructure Capital Advisors, LLC. All Rights Reserved * SUBSCRIBE * * * Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus with this and other information about the Fund, please click here. Please read the prospectus carefully before investing. For more information about the Fund, Fund strategies or InfraCap, please reach out to Craig Starr at 212-763-8336 (Craig.Starr@icmllc.com). A word about risk: Investing involves risk, including possible loss of principal. An investment in the Fund may be subject to risks which include, among others, investing in equities securities, dividend paying securities, utilities, small-, mid- and large-capitalization companies, real estate investment trusts, master limited partnerships, foreign investments and emerging, debt securities, depositary receipts, market events, operational, high portfolio turnover, trading issues, active management, fund shares trading, premium/discount risk and liquidity of fund shares, which may make these investments volatile in price. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's returns. Small and Medium-capitalization companies, foreign investments and high yielding equity and debt securities may be subject to elevated risks. The Fund is a recently organized investment company with no operating history. Please see prospectus for discussion of risks. *** The December distribution listed in Distribution Detail is an annualized figure, which includes long-term and short-term capital gains. Distributor, Quasar Distributors, LLC. Follow us on social media for your need-to-know market commentary and economic outlook at: Infrastructure Capital Advisors (“InfraCap”), a leading provider of investment management solutions that seeks to meet the needs of income-focused investors, the firm’s newest Exchange-Traded Fund (“ETF”) is the InfraCap Equity Income Fund ETF (NYSE Arca: ICAP). ICAP is an actively managed ETF overseen by portfolio manager and InfraCap Founder & CEO Jay D. Hatfield. ICAP will primarily invest in equity securities of companies with a strong track record of paying dividends during normal market conditions. ICAP ETF has joined an InfraCap ETF lineup that has grown significantly in recent years, and which has passed the $1 billion cumulative asset mark. Hatfield is the portfolio manager for the fund family which includes the Virtus InfraCap U.S. Preferred Stock ETF (NYSE Arca: PFFA), InfraCap REIT Preferred ETF (NYSE Arca: PFFR), and InfraCap MLP ETF (NYSE Arca: AMZA). Hatfield has extensive knowledge from his over 30 years of experience on Wall Street and frequently appears in the media to share his market commentary and outlook. About Infrastructure Capital Advisors: Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages exchange traded funds (ETFs) and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities driven by catalysts, largely in key infrastructure sectors. These sectors include energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most, but not all, of ICA's investing activities. Consequently, the focus is generally on companies that generate and distribute substantial streams of free cash flow. This approach is based on the belief that tangible assets that produce free cash flow have intrinsic values that are unlikely to deteriorate over time. For more information, please visit infracapfunds.com Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus with this and other information about each Fund, please visit each fund's web site. Please read the prospectus carefully before investing. CHOOSE A BROKERAGE FIRM Robinhood Fidelity Schwab Etrade Trade Station Interactive Brokers Vanguard The inclusion of these links is not an endorsement from any of these firms and does not represent a recommendation or solicitation to purchase or sell any securities. Additionally, the inclusion of these links does not represent an endorsement by Infrastructure Capital Advisors, LLC of any of these firms. EXTERNAL SITE The following page contains several third-party articles hosted on websites that are unaffiliated with Infrastructure Capital Advisors, LLC. These links to third-party websites are provided for your convenience only. Infrastructure Capital Advisors (“ICA”), does not guarantee or assume any responsibility for the content displayed by these unaffiliated sites. ICA has not been involved in the preparation of the content supplied at these websites and does not endorse these websites, their sponsors, or any of the policies, products, activities, or services offered on the sites. These links are provided, “as is”, without representation or warranty, express or implied, as to their accuracy, completeness, or timeliness of such content, all of which ICA disclaims. If you choose to leave this website and visit any linked site, you will be subject to that site’s terms of use and privacy policies. If you understand and agree, click “Continue” to proceed. If not, click “Cancel”. * CONTINUE * CANCEL INFRACAP LINKEDIN PAGE The following page contains several third party articles hosted on web sites that are unaffiliated with Infrastructure Capital Advisors, LLC. These links to third-party web sites are provided for your convenience only. Infrastructure Capital Advisors (“ICA”), does not guarantee or assume any responsibility for the content displayed by these unaffiliated sites. ICA has not been involved in the preparation of the content supplied at these web sites, and does not endorse these web sites, their sponsors, or any of the policies, products, activities, or services offered on the sites. These links are provided, “as is”, without representation or warranty, express or implied, as to their accuracy, completeness or timeliness of such content, all of which ICA disclaims. If you choose to leave this web site, and visit any linked site, you will be subject to that site’s terms of use and privacy policies. If you understand and agrees, click “Continue” to proceed. If not, click “Cancel”. * CONTINUE * CANCEL INFRACAP FACEBOOK PAGE The following page contains several third party articles hosted on web sites that are unaffiliated with Infrastructure Capital Advisors, LLC. These links to third-party web sites are provided for your convenience only. Infrastructure Capital Advisors (“ICA”), does not guarantee or assume any responsibility for the content displayed by these unaffiliated sites. ICA has not been involved in the preparation of the content supplied at these web sites, and does not endorse these web sites, their sponsors, or any of the policies, products, activities, or services offered on the sites. These links are provided, “as is”, without representation or warranty, express or implied, as to their accuracy, completeness or timeliness of such content, all of which ICA disclaims. If you choose to leave this web site, and visit any linked site, you will be subject to that site’s terms of use and privacy policies. If you understand and agrees, click “Continue” to proceed. If not, click “Cancel”. * CONTINUE * CANCEL INFRACAP TWITTER PAGE The following page contains several third-party articles hosted on websites that are unaffiliated with Infrastructure Capital Advisors, LLC. These links to third-party websites are provided for your convenience only. Infrastructure Capital Advisors (“ICA”), does not guarantee or assume any responsibility for the content displayed by these unaffiliated sites. ICA has not been involved in the preparation of the content supplied at these websites and does not endorse these websites, their sponsors, or any of the policies, products, activities, or services offered on the sites. These links are provided, “as is”, without representation or warranty, express or implied, as to their accuracy, completeness, or timeliness of such content, all of which ICA disclaims. If you choose to leave this website and visit any linked site, you will be subject to that site’s terms of use and privacy policies. If you understand and agree, click “Continue” to proceed. If not, click “Cancel”. * CONTINUE * CANCEL CONTACT US You can reach us by filling out the form or using the contact information below. I am a: * Individual Investor Financial Professional Check this box to receive company and fund news. SUBMIT Warning! Error! INFRASTRUCTURE CAPITAL ADVISORS, LLC. * 800-617-0004 * samuel.agoglia@icmllc.com * 1325 Avenue of the Americas, 28th Floor New York, NY 10019 Infrastructure Capital Advisors, LLC. is committed to protecting your privacy. We use your registration information to customize and deliver additional resources via email and mail, including company news and new fund news. If you don’t want to receive mail or email from us, simply un-check the boxes at the bottom of the form. To learn more about how we handle your personal information, read our Privacy Policy. SUBSCRIBE Keep up-to-date with the latest from Infrastructure Capital Advisors, LLC. THANK YOU Your subscription has been confirmed. You've been added to our list and will hear from us soon. I am a: * Individual Investor Financial Professional I am interested in: * Actively Managed ETFs Index-based ETFs SUBMIT Warning! Error! Infrastructure Capital Advisors, LLC. is committed to protecting your privacy. We use your registration information to customize and deliver additional resources via email and mail, including company news and new fund news. If you don’t want to receive mail or email from us, simply un-check the boxes at the bottom of the form. To learn more about how we handle your personal information, read our Privacy Policy. You can obtain a free copy of the SAI and Shareholder Reports, request other information, or make general inquiries about the Fund by calling the Fund (toll-free) at 800-617-0004 or by writing to: InfraCap Equity Income Fund ETF c/o U.S. Bank Global Fund Services P.O. Box 701 Milwaukee, Wisconsin 53201-0701 800-617-0004