Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Infrastructure Capital Small Cap Income ETF
$35.51+0.02 (+0.06%)
- 2.20%
- $18M
- +14.3%
- 8.09%
- 0M sh
- $35.75
- low $33.80high $40.24
The ETF.net SCAP Grade
F
Score 19 out of 100
- 38 of 41
Score 19 of 100 falls in the F 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.F0 out of 100Rank 41 of 41Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 21 of 38Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F20 out of 100Rank 36 of 41Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D28 out of 100Rank 39 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 27 of 41
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
- 78
- 37%
- IWM
Sectors
- Industrials21.6%
- Technology17.0%
- Consumer Discretionary13.4%
- Financials13.4%
- Health Care9.4%
- Real Estate6.4%
- Materials5.7%
- Energy4.5%
- Communication3.4%
- Consumer Staples2.8%
- Utilities2.5%
Geography
- United States93.52%
- Bermuda1.93%
- United Kingdom1.43%
- Italy1.25%
- Canada1.20%
- Puerto Rico0.68%
SCAP 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.Not enough history yet.
SCAP$11,430
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 | SCAP |
|---|---|
| Year to date | +4.3% |
| 1 month | −5.5% |
| 3 months | −5.6% |
| 1 year | +14.3% |
| 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 | +4.3% | |
| 2025 | +11.9% | |
| 2024 | +16.4% | |
| 2023 | +6.2% |
SCAP in the news
SCAP Dividends
- 8.09%
- $2.87
- $0.26 per share
- Monthly
Distribution history
SCAP Risk
- 15.8%
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.
- 0.52
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.
- 1.01
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
2.20%
SCAP2.20%
- The middle half of US Active Small-Cap funds
- Median 0.55%
Every other US Active Small-Cap fund charges less.
Other funds in US Active Small-Cap
- DMMSCFirst Trust Multi-Manager Small Cap Opportunities ETFExpense ratio 0.95%1 year return +14.3%
- DFESCFirst Eagle Small Cap Equity ETFExpense ratio 0.85%1 year return —
- DAFSCabrdn Focused U.S. Small Cap Active ETFExpense ratio 1.09%1 year return +27.4%
- FTMFSMotley Fool Small-Cap Growth ETFExpense ratio 0.85%1 year return −1.1%
- FSMLLHarbor Active Small Cap ETF (SMLL)Expense ratio 0.80%1 year return +3.4%