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ICAP

THE INFRACAP EQUITY INCOME FUND ETF

FUND STORY

COMMENTARY

MONTHLY INCOME IN HIGH-QUALITY LARGE CAPS

ICAP is constructed with companies that are profitable, pay substantial dividends and trade at reasonable multiples of growth relative to earnings.

KEY FEATURES

  • Diversified Income: Target a high yield through large-capitalization common equity and the use of convertible and preferred securities. As of 9/30/2024, the 30-day SEC yield was 7.13%.

  • Actively Managed: Seek positive security selection versus the benchmark using a mix of quantitative and qualitative analysis with an emphasis on dividends

  • Enhanced Yield: Employ an option writing strategy and modest leverage (typically 20-30%) to enhance income while retaining upside market exposure.

INVESTMENT PROCESS

1

Screen for large-capitalization securities with positive earnings and free cash flow.

2

Target securities with consistent dividends, manageable payout ratios, and that the advisor believes are positioned to opportunistically increase their dividend.

3

Establish price targets using discounted cash flow models and a dynamic relative valuation framework based on P/E, EV/EBITDA and P/FFO ratios.⁴

4

Use options for enhanced yield and modest leverage to provide market exposure that is comparable with the Bloomberg US Large Cap Dividend Yield Total Return Index.⁵

FUND DATA & PRICING

FUND DETAILS

ICAP:

MONTHLY DIVIDEND

ACTIVE MANAGEMENT:

INVEST IN FAST-GROWING COMPANIES

S&P 500 HIGH DIVIDEND:

SUPERIOR RISK-ADJUSTED RETURNS

ICAP:

REASONABLE VALUATIONS 

MONTHLY PERFORMANCE

DOCUMENT CENTER

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ICAP ETF DISCLOSURE

About Us:

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 current income opportunities as a primary objective in most, but not all, of ICA's investing activities.

DISCLOSURE

The information contained herein represents our subjective belief and opinions and should not be construed as investment, tax, legal, or financial advice. This information does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell, or otherwise transact in any investment including any products or services or an invitation, offer or solicitation to engage in any investment activity. This article is not an offer to sell, or solicitation of an offer to buy any investment product or services offered by Infrastructure Capital Advisors, LLC, (“ICA”) or its affiliates. ICA, will only conduct such solicitation of an offer to buy any investment product or service offered by ICA, if at all, by (1) purported definitive documentation (which will include disclosures relating to investment objective, policies, risk factors, fees, tax implications and relevant qualifications), (2) to qualified participants, if applicable, and (3) only in those jurisdictions where permitted by law.  Infrastructure Capital Advisors, LLC nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. This data includes information based on data and calculations sourced from Bloomberg and third-party sources. We believe that the data is reliable, we have not sought, nor have we received, permission from any third-party to include their information in this article. The preferred market place information and comparative active and passive management information is provided for informational purposes only, actual funds and indices may have different characteristics and risks which are not presented. Many of the assumptions in this illustration reflect our subjective belief and is subject to change without notice. Certain information contained in this document constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or other comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements.  Additionally, any projections, market outlooks and estimates included herein are based upon certain assumptions, including but not limited to the prior experience of ICA and other factors it deems relevant such as current and expected market conditions These materials are provided for informational purposes only.

FUND RISKS - Investors should consider each 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.

ICAP Exchange Traded Funds (ETF): 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. Distributor, Quasar Distributors, LLC. Visit www.icapetf.com for a copy of the prospectus and other risks.

© 2024 Infrastructure Capital Advisors, LLC.  All Rights Reserved.

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