Infrastructure Capital Small Cap Income ETF
SCAP
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1140 Avenue of the Americas, 16th Floor New York NY United States of America 10036
- IPO Date
- Dec 12, 2023
- CIK
- 0001408970
- Website
- infracapfund.com
- Similar Companies
- Business
- Infrastructure Capital Small Cap Income ETF (NYSE Arca: SCAP) is an actively managed exchange-traded fund that seeks total return through a blend of capital appreciation and current income by investing at least 80% of its net assets in securities of small-capitalization companies, defined as those with market capitalizations within or below the range of the Russell 2000 Index (approximately $30 million to $15.25 billion as of February 2025). The fund employs a mix of quantitative, qualitative, and relative valuation factors for security selection, focusing primarily on U.S.-listed small-cap value stocks across diverse sectors including financial services, real estate, industrials, energy, consumer cyclical, utilities, and technology; investments may include common stocks, preferred stocks, convertible securities, debt instruments (including high-yield bonds), equity-linked notes, real estate investment trusts, utilities companies, commodity-related businesses, and other small-cap-focused ETFs or depositary receipts such as ADRs and GDRs, with limited exposure to foreign and emerging market securities. Top holdings as of recent data include Global Net Lease Inc. (real estate), Wynn Resorts Ltd. and Casey's General Stores Inc. (consumer cyclical), East West Bancorp Inc. and Bank of N.T. Butterfield & Son Ltd. (financial services), and others like StandardAero Inc. (industrials), MKS Inc. and Lyft Inc. (technology), NorthWestern Energy Group Inc. (utilities), and Plains GP Holdings LP (energy). The ETF targets income-focused investors seeking exposure to small-cap equities with above-average yields, maintaining a portfolio of around 80 holdings, a net expense ratio of 1.96%, and monthly dividend distributions yielding approximately 7.32% (trailing twelve months), with assets under management of about $14.91 million to $15.85 million. SCAP was launched on December 11, 2023, and is managed by Infrastructure Capital Advisors, LLC (ICA), an SEC-registered investment adviser founded in 2012 and headquartered in New York City; ICA serves as the adviser for a lineup of income-oriented ETFs including the Infrastructure Capital Equity Income ETF (ICAP), Infrastructure Capital Bond Income ETF (BNDS), and others like Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and InfraCap MLP ETF (AMZA), with distribution handled by Quasar Distributors, LLC. The fund operates primarily in U.S. equity markets but may include global small-cap securities, emphasizing inefficiently priced assets that generate substantial free cash flow for distributions. Recent developments include a quarterly dividend increase announced in September 2025, raising SCAP's monthly distribution from $0.200 to $0.205 per share (payable September 30, 2025), alongside a similar increase for sister fund ICAP and a monthly payout declaration for BNDS; this reflects ICA's ongoing commitment to enhancing income for investors amid market conditions. In October 2025, ICA expanded internationally through a strategic partnership with HANetf to launch the Infrastructure Capital Preferred Income UCITS ETF (PFFI) on the London Stock Exchange, marking the firm's entry into European markets with an active income strategy focused on preferred and income securities. These moves build on SCAP's post-launch performance, with the fund maintaining its value-oriented small-cap focus since inception and delivering consistent monthly payouts to shareholders.