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ICAP · Infrastructure Capital Equity Income ETF

Equity fundActively managed2.47% fee$109mSince Dec 29, 2021SEC filings ↗
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ICAP is actively managed and returned +11.4% over the past year.

+11.4%
Total return, 1 year
2.47%
Expense ratio
83
Holdings
−5.8%
Below its high
WindowTotal returnS&P 500Gap to S&P 500Gap to Nasdaq-100
3M Jul 2 – Oct 2, 2026−0.5%+3.6%−4.0 pts−5.8 pts
6M Apr 2 – Oct 2, 2026+9.3%+17.9%−8.6 pts−19.1 pts
1Y Oct 2, 2025 – Oct 2, 2026+11.4%+16.2%−4.9 pts−13.0 pts
3Y Oct 3, 2023 – Oct 2, 2026+70.0%+89.3%−19.3 pts−44.7 pts
Since listing Dec 29, 2021 – Oct 2, 2026+40.0%+71.8%−31.8 pts−52.1 pts

ICAP over each window to Oct 2, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.

ICAP top ten by weight, 31.8% of its 83 equity positions, from the holdings filed for May 31, 2026. An index fund holds what the index holds, so this is the index. Source: the fund’s SEC filing.

Marvell Technology Inc MRVL 3.91%
Citizens Financial Group Inc CFG 3.73%
Toll Brothers Inc TOL 3.70%
Celsius Holdings Inc CELH 3.33%
Lennar Corp LEN 3.31%
Lockheed Martin Corp LMT 3.10%
Amazon.com Inc AMZN 3.08%
Goldman Sachs Group Inc/The GS 2.70%
KKR & Co Inc KKR 2.47%
Microsoft Corp MSFT 2.46%
Fund filings on SEC EDGAR ↗
Head to head
Funds near this one
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In plain words

ICAP is actively managed and tracks no index. Over the year to Oct 2, 2026 it returned +11.4% with distributions reinvested, against +16.2% for the S&P 500 and +24.3% for the Nasdaq-100. The prospectus expense ratio is 2.47% a year. By its holdings filed for May 31, 2026, 68% of the fund by weight is stocks the S&P 500 also holds, across 83 positions, with the top ten at 31.8%. It sat 5.8% below its high of Aug 14, 2026 on Oct 2, 2026.
What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap value
Expense ratio (485BPOS XBRL, Mar 30, 2026)2.47%
Price$27.46
Listed sinceDec 29, 2021
Net assets (SEC filing, whole fund, as filed for May 31, 2026)$109m
Below its high (ETFIQ)−5.8%
Holdings83
Top ten weight31.8%
Holdings as of (SEC N-PORT)May 31, 2026
Already in the S&P 500, by weight (ETFIQ)68.0%
Active share vs the S&P 500 (ETFIQ)79.2%
Already in the Nasdaq-100, by weight (ETFIQ)19.2%
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Questions people ask about ICAP

How has ICAP performed?
Over the year to Oct 2, 2026, ICAP returned +11.4% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +70.0%.
What does ICAP cost?
The prospectus expense ratio is 2.47% a year.
What does ICAP hold?
83 positions as filed for May 31, 2026, with the top ten at 31.8% of the fund. 68% of its weight is in stocks the S&P 500 also holds.
How far is ICAP below its high?
5.8% below its high of Aug 14, 2026, measured on the reinvested series to Oct 2, 2026.
Sources and dates
Prices, ICAP and S&P 500Tiingo end-of-day · Oct 2, 2026
Fee, 2.47%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $109mSEC filing, whole fund · May 31, 2026
HoldingsHoldings filing (SEC Form N-PORT) · May 31, 2026 ↗
IssuerInfrastructure Capital website ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceInfrastructure Capital’s own site ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

ETFIQ covers core, leveraged and inverse, buffer, thematic, option-income, alternatives and spot crypto ETFs. This fund is here because the other funds here are measured against it and portfolios hold it. ETFIQ is an independent publisher and makes no recommendations. Standards and sources

How these figures are computed →Standards and sources →Open data →
Cite this page

ETFIQ, ICAP, core fund, data as of Oct 2, 2026. https://etfiq.com/funds/icap

Free to use with attribution; the underlying files are at Open data.