BALI vs. NACP ETF Comparison

Comparison of BlackRock Advantage Large Cap Income ETF (BALI) to Impact Shares NAACP Minority Empowerment ETF (NACP)

BALI

BlackRock Advantage Large Cap Income ETF

BALI Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in large cap equity securities and derivatives that have similar economic characteristics to such securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.09

Average Daily Volume

95,490

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

NACP

Impact Shares NAACP Minority Empowerment ETF

NACP Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar Minority Empowerment Index (the underlying index). The fund will, under normal circumstances, invest at least 80% of its total assets, plus borrowings for investment purposes (the "80% basket") in component securities of the underlying index ("Component Securities"). The underlying index is designed to measure the performance of large and mid- capitalization companies that are "empowering to minorities," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.72

Average Daily Volume

3,518

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	BALI	NACP
30 Days	2.84%	2.08%
60 Days	3.90%	4.48%
90 Days	5.67%	6.57%
12 Months	27.77%	32.92%

59 Overlapping Holdings

Symbol	Grade	Weight in BALI	Weight in NACP	Overlap
AAPL	C	7.52%	5.03%	5.03%
ACN	C	0.06%	3.58%	0.06%
AMZN	C	4.94%	4.47%	4.47%
AVB	B	0.15%	0.11%	0.11%
BIIB	F	0.03%	0.1%	0.03%
BSX	B	0.14%	0.41%	0.14%
C	A	1.05%	0.45%	0.45%
CI	F	0.12%	0.37%	0.12%
CLX	B	0.01%	0.07%	0.01%
CMS	C	0.3%	0.07%	0.07%
COP	C	0.5%	0.49%	0.49%
CSX	B	0.07%	0.24%	0.07%
CVX	A	1.53%	1.04%	1.04%
DOC	D	0.04%	0.06%	0.04%
DUK	C	0.1%	0.32%	0.1%
DVN	F	0.01%	0.1%	0.01%
ED	D	0.06%	0.12%	0.06%
ELV	F	0.2%	0.47%	0.2%
EQIX	A	0.0%	0.29%	0.0%
ES	D	0.35%	0.08%	0.08%
ETN	A	0.36%	0.44%	0.36%
EXC	C	0.31%	0.15%	0.15%
EXPD	D	0.44%	0.07%	0.07%
F	C	0.82%	0.15%	0.15%
FE	C	0.42%	0.08%	0.08%
GILD	C	1.32%	0.35%	0.35%
GOOG	C	1.67%	2.16%	1.67%
GOOGL	C	3.06%	2.41%	2.41%
HES	B	0.07%	0.15%	0.07%
JNJ	D	0.03%	1.44%	0.03%
JPM	A	1.16%	2.39%	1.16%
K	A	0.04%	0.07%	0.04%
KMI	A	0.11%	0.15%	0.11%
KR	B	0.83%	0.13%	0.13%
MA	C	1.81%	1.4%	1.4%
MDT	D	0.93%	0.42%	0.42%
MELI	D	0.02%	0.38%	0.02%
META	D	1.57%	3.63%	1.57%
MRK	F	1.35%	1.03%	1.03%
MSFT	F	7.07%	4.63%	4.63%
MU	D	0.37%	1.75%	0.37%
NOC	D	0.82%	0.29%	0.29%
NVDA	C	7.31%	4.9%	4.9%
PFE	D	1.19%	0.62%	0.62%
QCOM	F	1.02%	3.18%	1.02%
SPGI	C	0.26%	0.55%	0.26%
T	A	1.07%	0.45%	0.45%
TFC	A	0.65%	0.22%	0.22%
TMO	F	0.1%	0.83%	0.1%
TRV	B	0.34%	0.18%	0.18%
TSLA	B	1.06%	2.22%	1.06%
TSN	B	0.0%	0.07%	0.0%
TT	A	0.4%	0.29%	0.29%
UNH	C	0.98%	1.95%	0.98%
UPS	C	1.13%	0.35%	0.35%
V	A	1.33%	1.53%	1.33%
VZ	C	0.93%	2.26%	0.93%
WMT	A	1.22%	0.73%	0.73%
XOM	B	0.4%	2.0%	0.4%

BALI Overweight 90 Positions Relative to NACP

Symbol	Grade	Weight
PM	B	1.26%
MMC	B	1.22%
WM	A	1.22%
PGR	A	1.2%
SHW	A	1.18%
CTAS	B	1.15%
CME	A	1.12%
CAH	B	1.12%
OMF	A	1.1%
LMT	D	1.09%
RSG	A	1.06%
KMB	D	1.01%
FTNT	C	1.0%
PNW	B	1.0%
LLY	F	0.94%
CMCSA	B	0.9%
CL	D	0.87%
BRK.A	B	0.84%
MO	A	0.8%
AVGO	D	0.64%
AMGN	D	0.62%
LRCX	F	0.59%
HCA	F	0.57%
MSI	B	0.56%
TXRH	C	0.54%
ADBE	C	0.52%
CCEP	C	0.47%
HESM	B	0.46%
UTHR	C	0.46%
SYK	C	0.45%
NBIX	C	0.44%
MANH	D	0.41%
LDOS	C	0.4%
ALL	A	0.4%
HAL	C	0.39%
NOW	A	0.37%
CSCO	B	0.36%
TJX	A	0.34%
NTRA	B	0.33%
MTN	C	0.31%
EME	C	0.3%
OSK	B	0.28%
NTAP	C	0.26%
HUBS	A	0.25%
WRB	A	0.25%
NNN	D	0.25%
PH	A	0.24%
CRWD	B	0.23%
SPG	B	0.23%
WING	D	0.22%
MCK	B	0.21%
HAS	D	0.21%
PCAR	B	0.2%
EXEL	B	0.18%
CPT	B	0.18%
NFLX	A	0.15%
PG	A	0.15%
OHI	C	0.15%
TSCO	D	0.14%
GD	F	0.14%
INCY	C	0.14%
BKNG	A	0.13%
SMAR	A	0.12%
DDS	B	0.11%
IDA	A	0.1%
DHI	D	0.07%
KRG	B	0.07%
WCN	A	0.06%
NYT	C	0.05%
ROST	C	0.05%
WHR	B	0.05%
SNAP	C	0.04%
GWW	B	0.03%
INGR	B	0.03%
CBOE	B	0.03%
IVZ	B	0.02%
NUE	C	0.02%
PAG	B	0.02%
SON	D	0.02%
FLEX	A	0.02%
JNPR	F	0.02%
HD	A	0.01%
LEVI	F	0.01%
XP	F	0.01%
CAG	D	0.01%
FOXA	B	0.0%
BBY	D	0.0%
MCD	D	0.0%
RGA	A	0.0%
COST	B	0.0%

BALI Underweight 138 Positions Relative to NACP

Symbol	Grade	Weight
IBM	C	-3.08%
UBER	D	-2.29%
PANW	C	-1.81%
INTC	D	-1.52%
ABBV	D	-1.22%
KO	D	-0.99%
BAC	A	-0.99%
PEP	F	-0.92%
ABT	B	-0.69%
GE	D	-0.69%
NEE	D	-0.66%
DHR	F	-0.64%
HPQ	B	-0.62%
AXP	A	-0.56%
UNP	C	-0.56%
DELL	C	-0.54%
LOW	D	-0.51%
MS	A	-0.47%
HON	B	-0.46%
EA	A	-0.45%
PLD	D	-0.42%
ADP	B	-0.4%
BA	F	-0.38%
DE	A	-0.36%
MDLZ	F	-0.36%
NKE	D	-0.36%
BMY	B	-0.35%
SO	D	-0.35%
SCHW	B	-0.33%
PNC	B	-0.27%
CVS	D	-0.27%
PYPL	B	-0.27%
ITW	B	-0.27%
MMM	D	-0.26%
MCO	B	-0.26%
FDX	B	-0.25%
FCX	D	-0.25%
AON	A	-0.24%
MPC	D	-0.23%
BDX	F	-0.23%
PSX	C	-0.22%
NEM	D	-0.22%
EMR	A	-0.22%
ECL	D	-0.21%
NSC	B	-0.2%
WMB	A	-0.19%
AEP	D	-0.19%
MAR	B	-0.19%
OKE	A	-0.18%
SRE	A	-0.18%
CCI	D	-0.18%
D	C	-0.18%
GM	B	-0.18%
URI	B	-0.18%
MET	A	-0.17%
BK	A	-0.17%
VLO	C	-0.17%
JCI	C	-0.17%
HLT	A	-0.17%
LNG	B	-0.16%
IPG	D	-0.16%
LHX	C	-0.16%
CMI	A	-0.15%
EW	C	-0.15%
DD	D	-0.14%
PEG	A	-0.14%
A	D	-0.14%
HWM	A	-0.14%
OTIS	C	-0.13%
AME	A	-0.13%
VRSK	A	-0.13%
VMC	B	-0.12%
IR	B	-0.12%
MLM	B	-0.12%
XEL	A	-0.12%
KHC	F	-0.12%
RCL	A	-0.12%
ROK	B	-0.11%
EBAY	D	-0.11%
VST	B	-0.11%
EIX	B	-0.11%
ADM	D	-0.11%
RMD	C	-0.11%
XYL	D	-0.11%
HSY	F	-0.1%
WEC	A	-0.1%
PPG	F	-0.1%
PCG	A	-0.09%
TROW	B	-0.09%
IFF	D	-0.09%
DAL	C	-0.09%
SYF	B	-0.08%
APTV	D	-0.08%
SBAC	D	-0.08%
PPL	B	-0.08%
ETR	B	-0.08%
NDAQ	A	-0.08%
DTE	C	-0.08%
NRG	B	-0.07%
LII	A	-0.07%
BAH	F	-0.07%
BAX	D	-0.07%
LH	C	-0.07%
ILMN	D	-0.07%
HBAN	A	-0.07%
RF	A	-0.07%
SWK	D	-0.06%
LUV	C	-0.06%
DGX	A	-0.06%
HUBB	B	-0.06%
TXT	D	-0.06%
SJM	D	-0.05%
AMH	D	-0.05%
NI	A	-0.05%
OC	A	-0.05%
ACM	A	-0.05%
NDSN	B	-0.05%
UAL	A	-0.05%
LNT	A	-0.05%
AES	F	-0.05%
JBHT	C	-0.05%
BG	F	-0.05%
CF	B	-0.05%
CPB	D	-0.04%
REG	B	-0.04%
LECO	B	-0.04%
TFX	F	-0.04%
ALB	C	-0.04%
EMN	D	-0.04%
USFD	A	-0.04%
WBA	F	-0.03%
BWA	D	-0.03%
SCCO	F	-0.03%
PFG	D	-0.03%
MOS	F	-0.03%
HRL	D	-0.03%
CNH	C	-0.03%
TAP	C	-0.03%