Infrastructure Capital Equity Income Fund ETF
$28.32−0.28 (−0.98%)
- Expense ratio
- 2.47%
- Fund size
- $122M
- 1Y return
- +13.4%
- Yield · Last 12 months
- 10.03%
- Volume · 30D
- 0M sh
- NAV per share
- $28.44
- 52W range
The ETF.net ICAP Grade
Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 5Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 86Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 28Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 79Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 67Category rank
Our read on ICAP
DA hands-on income fund in a cohort of cheap dividend screens. InfraCap runs ICAP actively, chasing maximum income with total return on the side, and pays out monthly. You pay up for that: the fee sits at the top of its peer group.
The Fund seeks to maximize income while also pursuing total-return opportunities.
Why people hold it
- Does what the prospectus advertises: income first, total return second, with distributions declared monthly out of net investment income.
- Genuinely active, not an index in disguise. The holdings reflect a manager's calls, which is the entire reason to own it next to rules-based dividend screens.
- Monthly cash rhythm rather than quarterly, and a live record going back to its 2021 launch rather than a fresh backtest.
- Sticks tightly to its stated mandate, one of the closer mandate-to-portfolio matches among its dividend-income peers.
Worth knowing
- The fee is the headline trade-off: 2.47% a year, roughly two and a half times the median for its dividend-income cohort and far above options like DIVD at 0.49%.
- Thinly traded next to the category's giants, so spreads can be wider and bigger orders can nudge the price.
- Income-first and actively managed means a choppier ride than the plain dividend trackers it sits beside, and it lands in the lower half of its cohort overall.
ICAP Holdings
- Stocks
- —
- 51%
- NVDA
Sectors
- Technology25.5%
- Financials18.9%
- Consumer Discr.12.9%
- Industrials9.2%
- Cons. Staples8.2%
- Utilities7.9%
- Energy6.0%
- Real Estate5.2%
- Health Care2.5%
- Communication2.2%
- Materials1.7%
Geography
- United States100.00%
ICAP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ICAP |
|---|---|
| Year to date | +10.4% |
| 1 month | −0.6% |
| 3 months | +3.0% |
| 1 year | +13.4% |
| 3 years | +18.3% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ICAP |
|---|---|---|
| 2026 YTD | +10.4% | |
| 2025 | +15.8% | |
| 2024 | +14.8% | |
| 2023 | +8.8% | |
| 2022 | −10.1% | |
| 2021 | +0.6% |
ICAP in the news
ETF.net Research hasn’t filed on ICAP yet — coverage lands here as it’s written.
ICAP Dividends
- 10.03%
- $2.87
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.25 |
| Jul 30, 2026 | Jul 31, 2026 | $0.25 |
| Jun 29, 2026 | Jun 30, 2026 | $0.25 |
| May 28, 2026 | May 29, 2026 | $0.25 |
| Apr 29, 2026 | Apr 30, 2026 | $0.25 |
| Mar 30, 2026 | Mar 31, 2026 | $0.25 |
| Feb 26, 2026 | Feb 27, 2026 | $0.24 |
| Jan 29, 2026 | Jan 30, 2026 | $0.24 |
| Dec 30, 2025 | Dec 31, 2025 | $0.29 |
| Nov 26, 2025 | Nov 28, 2025 | $0.21 |
| Oct 30, 2025 | Oct 31, 2025 | $0.21 |
| Sep 29, 2025 | Sep 30, 2025 | $0.21 |
ICAP Risk
- 15.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.79
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ICAP Cost
- The middle half of Global Active Dividend Income funds
- Median 0.50%
Every other Global Active Dividend Income fund charges less.