
The Fund seeks to achieve high yield by investing at least 80% of its net assets in a diversified portfolio of equity securities of companies that pay dividends.
Is ICAP's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

The Infrastructure Capital Equity Income ETF is a buy, offering a 9.4% yield and monthly distributions, with a portfolio focused on dividend-paying equities and preferred securities. ICAP's selective option writing (15–30% of assets) supports income while allowing for some uncapped growth, but the total expense ratio is high at 2.47%. ICAP is designed for income-focused, lower-risk investors, providing stability and outperformance during volatile or declining markets, though it will likely lag tech-driven bull markets.

Infrastructure Capital Equity Income Fund ETF (ICAP) offers a 9%+ monthly yield, quality large-cap holdings, and a defensive income focus. The combination of modest leverage, covered call writing and high-quality equity focus is what makes ICAP unique. These three ingredients are what facilitate durable income and sustainable long-term NAV.

/C O R R E C T I O N -- Infrastructure Capital Advisors/ PR Newswire NEW YORK, May 27, 2026

/PRNewswire/ -- Infrastructure Capital Advisors, LLC (Infrastructure Capital), a leading provider of investment management solutions designed to meet the needs

ICAP, the Infrastructure Capital Equity Income ETF, offers a structurally superior approach to covered call income versus JEPI, with higher yield and NAV growth. ICAP selectively writes short-term calls on 30–40% of holdings, enabling greater upside participation and more sustainable, stable distributions than JEPI. ICAP's forward yield exceeds 10%, distributions have only increased, and the fund has delivered over 14% share price appreciation in the past year.