Infrastructure Capital Equity Income Fund ETF
$27.41+0.07 (+0.26%)
- 2.47%
- $118M
- +14.9%
- 10.68%
- 0M sh
- $27.58
- low $25.56high $29.86
The ETF.net ICAP Grade
D
Score 31 out of 100
- 8 of 10
Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F5 out of 100Rank 10 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A81 out of 100Rank 1 of 3Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D35 out of 100Rank 8 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A70 out of 100Rank 3 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 8 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 4 of 10
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
- 87
- 51%
- NVDA
Sectors
- Technology31.9%
- Consumer Discretionary12.6%
- Financials12.1%
- Communication11.1%
- Industrials8.5%
- Utilities7.4%
- Consumer Staples5.7%
- Energy4.3%
- Real Estate3.3%
- Health Care2.4%
- Materials0.7%
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.
Not enough history yet.Not enough history yet.
ICAP$11,490
Returns run to the Oct 12, 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 | +6.5% |
| 1 month | −2.1% |
| 3 months | −1.3% |
| 1 year | +14.9% |
| 3 years | +18.9% |
| 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 | +6.5% | |
| 2025 | +15.8% | |
| 2024 | +14.8% | |
| 2023 | +8.8% | |
| 2022 | −10.1% | |
| 2021 | +0.6% |
ICAP in the news
ICAP Dividends
- 10.68%
- $2.92
- $0.26 per share
- Monthly
Distribution history
ICAP Risk
- 15.0%
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.
- 0.87
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
2.47%
ICAP2.47%
- The middle half of Global Active Dividend Income funds
- Median 0.63%
Every other Global Active Dividend Income fund charges less.
Other funds in Global Active Dividend Income
- BJDIVJPMorgan Dividend Leaders ETFExpense ratio 0.47%1 year return +9.7%
- BCVGDCresAlta Global Dividend ETFExpense ratio 0.50%1 year return —
- CAMEIAmana Equity Income ETFExpense ratio 0.76%1 year return —
- DTHORThornburg Premium Income Builder ETFExpense ratio 0.79%1 year return —
- DDIVSGuinness Atkinson Dividend Builder ETFExpense ratio 0.98%1 year return +12.6%