ICAP

InfraCap Equity Income Fund ETF

ICAP is actively managed to provide exposure to global stocks that pay dividends during normal market conditions. The fund seeks to maximize income and pursue total return.


US

EQUITY

Active

MANAGEMENT STYLE

58.5 M

ASSETS UNDER MGMT

171 bp

EXPENSES
Fund Basics
Fund sponsorVirtus Investment Partners
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 29, 2021
Assets (mns)$59
Expense ratio171 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsMonthly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MORGAN STANLEY 5.2 %
AMAZON.COM INC 4.4 %
PHILIP MORRIS INTERNATIONAL 4.2 %
MPLX LP 4.2 %
HONEYWELL INTERNATIONAL INC 3.9 %
GOLDMAN SACHS GROUP INC 3.8 %
CITIGROUP INC 3.7 %
KILROY REALTY CORP 3.7 %
EXXON MOBIL CORP 3.3 %
CHEVRON CORP 3.2 %
Constituent Breakdown
Number of holdings59
Herfindahl-Hirschman Index 817
Wgt avg mkt cap (mns)$227,080
Large cap (>$10bn)83.2%
Mid cap ($2-10bn)13.4%
Small cap (<$2bn)3.5%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 95.2 %
CANADA 3.7 %
BRITAIN 1.7 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 0.7% 15.5% 7.8% 3.6% -- -- 3.5%
Volatility 13.5% 14.8% 16.7% 19.0% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0868%
MSCI EAFE1.0566%
MSCI Emg Mkts0.7736%
Liquidity Measures
Avg. volume (000)10
Turnover0.4%
Avg. Bid/Ask (% of price)0.74%
ADV of underlying (mns)$32,016
Technical Indicators
Recent close$25.17
30d moving avg.$25.81
Annualized volatility22.3%
Relative strength (RSI)41
Short interest (ETF)0.7%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ICAP vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2024 2025E Fwd Est 2026E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.3 15.8 1.6 3.8% --
Based on closing prices from 4/2/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ICAP



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

ICAP

5.2%

Cat. Avg

5.7%


ALTAR Score™ Calculation

Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. ICAP's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places ICAP in the 44th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

ICAP
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
ICAP (171 bp) Percentile rank 99
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ICAP 171.0 73.7 244.7
Peer Avg. 66.2 47.6 113.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .