Skip to content

ICAPInfrastructure Capital Equity Income Fund ETF

Get income4y track recordRanked #1,312 of 1,622 in this goal

Seeks to maximize income and pursue total return opportunities.

By InfraCap · Launched 2021

Annual Cost

2.47%

#5,525 of 5,562 · expensive

Fund Size

$109M

#2,848 of 5,562 · mid-size

Dividend YieldGoal

9.51%

Track Record

4 years

#2,578 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,497+25.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 39.1% of fundwell diversified

McDonald's Corp
4.9%
Marvell Technology Inc
4.8%
Global Net Lease Inc
4.4%
Apollo Global Management Inc
4.2%
Goldman Sachs Group Inc/The
4.1%
Amazon.com Inc
4.0%
KKR & Co Inc
3.5%
Broadcom Inc
3.3%
Kenvue Inc
3.1%
Chevron Corp
2.8%

Asset allocation

Stocks
107.4%
Preferred
17.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
13.5%Moderate

Year-on-year price swings

Max drawdown
-24.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.85Decent risk-adjusted returns
Sortino (3Y)
1.20Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to maximize income and pursue total return opportunities.
Strategy
Invests primarily in equity securities of dividend-paying companies across all market capitalizations. Includes common stocks, preferred stocks, and convertible securities.
Inception date
December 28, 2021
Fund family
InfraCap

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've reviewed ICAP. Save it to your watchlist to track it alongside the other funds you're weighing.

Data updated on 2026-06-19