Infrastructure Capital Small Cap Income ETF
$37.20−0.42 (−1.13%)
- Expense ratio
- 2.20%
- Fund size
- $19M
- 1Y return
- +12.9%
- Yield · Last 12 months
- 7.50%
- Volume · 30D
- 0M sh
- NAV per share
- $37.47
- 52W range
The ETF.net SCAP Grade
Score 21 of 100 sits in the F 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 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 23Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 29Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 46Category rank
Our read on SCAP
FMost small-cap funds ask you to wait for the payoff. SCAP goes looking for cash now: active small-cap value picks, preferreds and convertibles, covered calls and modest borrowed leverage, all funneled into a monthly payout.
The Fund seeks capital appreciation and income by investing primarily in small-capitalization companies. The adviser favors companies it views as relatively undervalued and having income qualities.
Why people hold it
- Unusual plumbing for a small-cap fund: dividend payers plus preferred and convertible securities, a selective option-writing overlay and modest leverage, all pointed at income. Pays monthly.infracapfund.com
- Stock-picked, not index-cloned. The manager buys small-cap names it views as undervalued with income qualities, leaning on profitability and value, measured against a small-cap value benchmark.
- The active wrapper lets it own income sources a plain small-cap index fund cannot, and to size positions by conviction rather than market cap.infracapfund.com
Worth knowing
- Cost is the headline trade-off: a 2.20% expense ratio, versus 0.25% at AVUV and 0.29% at JPSE. Active management, an options desk and borrowing are not cheap to run.
- The income engine cuts both ways: borrowed money amplifies moves in either direction, and calls written on holdings trade away upside on those names for premium.infracapfund.com
- Small and thinly traded since its late-2023 launch, so spreads are a real cost and the record covers a short stretch of market weather.
SCAP Holdings
- Stocks
- —
- 34%
- SM
Sectors
- Industrials18.6%
- Financials15.2%
- Consumer Discr.14.1%
- Technology13.1%
- Health Care8.6%
- Energy8.1%
- Real Estate6.8%
- Materials5.6%
- Communication3.9%
- Cons. Staples3.7%
- Utilities2.3%
Geography
- United States92.78%
- Bermuda1.90%
- Italy1.42%
- Puerto Rico1.35%
- United Kingdom1.35%
- Canada1.21%
SCAP 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 | SCAP |
|---|---|
| Year to date | +9.8% |
| 1 month | −3.4% |
| 3 months | −2.8% |
| 1 year | +12.9% |
| 3 years | — |
| 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 | SCAP |
|---|---|---|
| 2026 YTD | +9.8% | |
| 2025 | +11.9% | |
| 2024 | +16.4% | |
| 2023 | +6.2% |
SCAP in the news
ETF.net Research hasn’t filed on SCAP yet — coverage lands here as it’s written.
SCAP Dividends
- 7.50%
- $2.82
- $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 | $0.24 |
| Nov 26, 2025 | Nov 28, 2025 | $0.21 |
| Oct 30, 2025 | Oct 31, 2025 | $0.21 |
| Sep 29, 2025 | Sep 30, 2025 | $0.21 |
SCAP Risk
- 15.4%
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.
- 0.71
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.
- −24.1%
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.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SCAP Cost
- The middle half of US Active Small-Cap funds
- Median 0.55%
Every other US Active Small-Cap fund charges less.