BFOR vs. NACP ETF Comparison

Comparison of Barron's 400 (BFOR) to Impact Shares NAACP Minority Empowerment ETF (NACP)

BFOR

Barron's 400

BFOR Description

The investment seeks investment results that correspond generally, before fees and expenses, to the performance of the Barron's 400 Index (the "underlying index"). The underlying index is a rules-based index intended to give investors a means of tracking the overall performance of high performing equity securities of U.S. companies. The fund will invest at least 80% of its total assets in the equity securities which comprise the index. The underlying index's stocks are constituents of the MarketGrader U.S. Coverage Universe.

Grade (RS Rating)

Last Trade

$71.09

Average Daily Volume

3,151

Number of Holdings ^*

385

* 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

$40.95

Average Daily Volume

3,563

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

Performance

Period	BFOR	NACP
30 Days	1.24%	2.87%
60 Days	6.10%	7.16%
90 Days	7.86%	2.48%
12 Months	30.71%	34.60%

47 Overlapping Holdings

Symbol	Grade	Weight in BFOR	Weight in NACP	Overlap
AAPL	C	0.25%	5.03%	0.25%
ADP	A	0.24%	0.4%	0.24%
AMZN	C	0.25%	4.47%	0.25%
AXP	B	0.25%	0.56%	0.25%
CF	A	0.26%	0.05%	0.05%
DVN	F	0.24%	0.1%	0.1%
EA	D	0.24%	0.45%	0.24%
EBAY	A	0.24%	0.11%	0.11%
ECL	B	0.25%	0.21%	0.21%
FDX	F	0.22%	0.25%	0.22%
GOOGL	B	0.26%	2.41%	0.26%
HES	C	0.25%	0.15%	0.15%
HSY	F	0.23%	0.1%	0.1%
HUBB	B	0.26%	0.06%	0.06%
HWM	A	0.25%	0.14%	0.14%
IBM	A	0.25%	3.08%	0.25%
IPG	D	0.25%	0.16%	0.16%
JNJ	D	0.24%	1.44%	0.24%
JPM	D	0.25%	2.39%	0.25%
LII	C	0.24%	0.07%	0.07%
MA	A	0.25%	1.4%	0.25%
MCO	D	0.24%	0.26%	0.24%
META	A	0.26%	3.63%	0.26%
MLM	F	0.25%	0.12%	0.12%
MMM	C	0.25%	0.26%	0.25%
MPC	C	0.25%	0.23%	0.23%
MSFT	D	0.24%	4.63%	0.24%
NRG	A	0.28%	0.07%	0.07%
NVDA	B	0.26%	4.9%	0.26%
OKE	A	0.23%	0.18%	0.18%
PANW	D	0.24%	1.81%	0.24%
PEP	F	0.24%	0.92%	0.24%
PYPL	C	0.27%	0.27%	0.27%
QCOM	C	0.25%	3.18%	0.25%
RCL	C	0.26%	0.12%	0.12%
RMD	C	0.23%	0.11%	0.11%
SCCO	B	0.29%	0.03%	0.03%
SO	A	0.25%	0.35%	0.25%
SPGI	B	0.24%	0.55%	0.24%
SYF	B	0.26%	0.08%	0.08%
UAL	B	0.28%	0.05%	0.05%
URI	C	0.26%	0.18%	0.18%
V	C	0.23%	1.53%	0.23%
WEC	A	0.24%	0.1%	0.1%
WMB	A	0.24%	0.19%	0.19%
XOM	A	0.25%	2.0%	0.25%
XYL	C	0.25%	0.11%	0.11%

BFOR Overweight 338 Positions Relative to NACP

Symbol	Grade	Weight
LEU	B	0.35%
CEG	A	0.32%
POWL	B	0.31%
IESC	A	0.3%
ACMR	D	0.29%
VRT	B	0.28%
USLM	C	0.28%
CRS	C	0.28%
CORT	B	0.28%
ONTO	C	0.28%
MOD	B	0.28%
NEWT	D	0.27%
CSWI	C	0.27%
SLVM	C	0.27%
WMS	D	0.27%
DOCS	A	0.27%
HLNE	A	0.27%
ALSN	A	0.27%
SIG	C	0.27%
APP	A	0.27%
NRP	B	0.27%
EXPE	B	0.27%
AGX	A	0.27%
AOS	B	0.27%
IBP	C	0.27%
ITT	C	0.27%
CAT	A	0.27%
BELFB	A	0.27%
AAON	B	0.27%
STRL	C	0.27%
VITL	B	0.27%
CMPO	C	0.27%
FLEX	C	0.27%
FIX	B	0.27%
MWA	A	0.26%
FMC	C	0.26%
CBT	C	0.26%
YELP	F	0.26%
GGG	C	0.26%
CW	A	0.26%
APOG	C	0.26%
IDCC	A	0.26%
SKWD	A	0.26%
MCRI	C	0.26%
AMP	A	0.26%
FIZZ	F	0.26%
MANH	C	0.26%
EME	C	0.26%
YOU	C	0.26%
APD	C	0.26%
CPRT	C	0.26%
KLAC	B	0.26%
ATR	A	0.26%
WLDN	B	0.26%
WWD	C	0.26%
DFH	C	0.26%
FOX	A	0.26%
HCI	B	0.26%
ON	F	0.26%
FOUR	B	0.26%
ARLP	A	0.26%
BL	C	0.26%
CSL	A	0.26%
TRN	C	0.26%
BKNG	C	0.26%
RMBS	F	0.26%
TPL	A	0.26%
SHOO	C	0.26%
BKR	B	0.26%
PLAB	C	0.26%
IBKR	A	0.26%
ADMA	C	0.26%
BBW	B	0.26%
CROX	C	0.26%
HY	F	0.26%
APO	B	0.26%
HWKN	C	0.26%
PPC	D	0.26%
FN	B	0.26%
ANET	A	0.26%
WTS	C	0.26%
AIT	B	0.26%
ERII	C	0.26%
WSM	B	0.26%
PEGA	C	0.26%
FSS	D	0.26%
IPAR	F	0.26%
RL	B	0.26%
TXRH	C	0.26%
USAP	D	0.26%
BOOT	C	0.26%
FSLR	C	0.26%
LPX	C	0.26%
CEIX	B	0.26%
AMAT	B	0.26%
ANF	F	0.26%
LNTH	C	0.25%
MGY	B	0.25%
IRMD	C	0.25%
TMUS	A	0.25%
FTDR	C	0.25%
OFG	D	0.25%
APA	F	0.25%
AFL	A	0.25%
SKX	D	0.25%
HIG	B	0.25%
HCKT	D	0.25%
LEN	B	0.25%
BRC	C	0.25%
BMRN	F	0.25%
CACI	A	0.25%
ADSK	C	0.25%
SUM	F	0.25%
LNN	C	0.25%
HNI	C	0.25%
BMI	A	0.25%
CME	A	0.25%
NTRS	C	0.25%
NOG	C	0.25%
SYY	D	0.25%
EOG	B	0.25%
CPAY	A	0.25%
UFPT	D	0.25%
SFM	A	0.25%
CNO	C	0.25%
IMMR	D	0.25%
VAL	F	0.25%
HRMY	D	0.25%
OSIS	C	0.25%
WING	C	0.25%
TPH	C	0.25%
EG	B	0.25%
ZTS	C	0.25%
MSI	A	0.25%
FTNT	B	0.25%
PHM	A	0.25%
ZBH	F	0.25%
NYT	C	0.25%
PLTR	A	0.25%
FFIV	B	0.25%
FITB	C	0.25%
EWBC	D	0.25%
DBX	B	0.25%
LRN	C	0.25%
TCMD	B	0.25%
TBBK	B	0.25%
ASC	C	0.25%
AXON	A	0.25%
RNR	A	0.25%
TSCO	B	0.25%
UTHR	C	0.25%
CVLT	C	0.25%
MPLX	A	0.25%
DECK	B	0.25%
SBR	C	0.25%
FAST	C	0.25%
ORRF	C	0.25%
TGT	D	0.25%
INGR	B	0.25%
FDS	C	0.25%
MLI	C	0.25%
AKAM	D	0.25%
MHO	C	0.25%
SNA	A	0.25%
DAKT	D	0.25%
DOV	B	0.25%
NTAP	D	0.25%
MPWR	B	0.25%
TW	A	0.25%
QLYS	F	0.25%
INSW	B	0.25%
MTB	C	0.25%
PCTY	B	0.25%
ACIW	B	0.25%
FTI	B	0.25%
AWI	A	0.25%
TOL	A	0.25%
NFLX	B	0.25%
RJF	B	0.25%
APH	D	0.25%
ODFL	F	0.25%
DT	B	0.25%
THR	F	0.25%
ZM	C	0.25%
FBP	D	0.25%
COLL	B	0.25%
AIZ	B	0.25%
NVR	B	0.25%
DCI	C	0.25%
HOG	D	0.25%
YETI	C	0.25%
MLR	B	0.25%
DY	C	0.25%
TDY	A	0.25%
OII	C	0.25%
WFC	F	0.25%
NSSC	F	0.25%
FC	C	0.25%
GRBK	C	0.25%
GDDY	D	0.25%
CCL	C	0.25%
VRSN	B	0.25%
DRI	C	0.25%
BLDR	B	0.25%
HRTG	D	0.25%
UNM	A	0.25%
PH	B	0.25%
UPWK	D	0.25%
EXP	B	0.25%
CRUS	D	0.24%
AX	D	0.24%
CBOE	B	0.24%
NIC	D	0.24%
CWCO	F	0.24%
UHS	D	0.24%
SYK	C	0.24%
PTGX	C	0.24%
QCRH	D	0.24%
WABC	F	0.24%
ISRG	C	0.24%
AMAL	D	0.24%
IBOC	D	0.24%
UTI	D	0.24%
TILE	D	0.24%
VEEV	C	0.24%
LKFN	F	0.24%
CNA	D	0.24%
TRGP	A	0.24%
HOLX	D	0.24%
RGA	C	0.24%
TDW	F	0.24%
SRCE	D	0.24%
DHI	C	0.24%
GL	C	0.24%
CL	D	0.24%
FANG	C	0.24%
ROL	C	0.24%
MTDR	F	0.24%
BY	D	0.24%
COST	C	0.24%
CTAS	C	0.24%
EPD	A	0.24%
NEU	F	0.24%
LOPE	D	0.24%
SSNC	C	0.24%
TJX	D	0.24%
BRO	A	0.24%
PAYC	D	0.24%
FULT	D	0.24%
PGR	C	0.24%
OTTR	F	0.24%
JWN	D	0.24%
CASY	D	0.24%
CTSH	B	0.24%
AMPY	C	0.24%
DKS	D	0.24%
XPEL	D	0.24%
FCF	D	0.24%
PFBC	D	0.24%
DVA	C	0.24%
HRB	C	0.24%
WDAY	D	0.24%
PAYX	A	0.24%
CINF	B	0.24%
CQP	D	0.24%
THC	D	0.24%
HEI	C	0.24%
CHD	D	0.24%
JKHY	A	0.24%
MSA	F	0.24%
FCNCA	D	0.24%
ORCL	C	0.24%
ROST	D	0.24%
MRO	C	0.24%
FCN	C	0.24%
REVG	D	0.24%
COKE	C	0.24%
AMPH	C	0.24%
ET	A	0.24%
CMG	C	0.24%
ADBE	F	0.24%
ACGL	B	0.24%
G	A	0.24%
NOV	F	0.24%
TEX	F	0.24%
PLMR	B	0.24%
EGY	C	0.24%
MBIN	D	0.24%
IQV	F	0.24%
IT	B	0.24%
KMB	D	0.24%
PODD	C	0.24%
TRIN	C	0.24%
WHD	B	0.24%
KNSL	C	0.24%
LAUR	C	0.24%
SM	C	0.24%
BR	B	0.24%
ALL	C	0.24%
OZK	D	0.24%
VLTO	A	0.24%
MCB	B	0.24%
OSBC	D	0.23%
MEDP	F	0.23%
PAY	D	0.23%
LLY	D	0.23%
NBIX	F	0.23%
CUBI	F	0.23%
KOS	F	0.23%
RBA	D	0.23%
EXEL	B	0.23%
DFIN	D	0.23%
HESM	C	0.23%
IBCP	D	0.23%
FMBH	D	0.23%
COOP	B	0.23%
PEBO	F	0.23%
MBWM	D	0.23%
CHDN	D	0.23%
MOH	D	0.23%
TGTX	D	0.23%
VIRT	B	0.23%
CPRX	C	0.23%
CHTR	D	0.23%
STBA	D	0.23%
BURL	D	0.23%
WRB	C	0.23%
CASH	D	0.23%
WES	B	0.23%
BFC	D	0.23%
BLBD	D	0.23%
REGN	D	0.22%
HALO	C	0.22%
CHWY	C	0.22%
WFRD	F	0.22%
LNW	F	0.21%
SIGA	F	0.21%
TH	F	0.18%

BFOR Underweight 149 Positions Relative to NACP

Symbol	Grade	Weight
ACN	B	-3.58%
UBER	C	-2.29%
VZ	B	-2.26%
TSLA	C	-2.22%
GOOG	B	-2.16%
UNH	B	-1.95%
MU	D	-1.75%
INTC	D	-1.52%
ABBV	B	-1.22%
CVX	B	-1.04%
MRK	F	-1.03%
KO	C	-0.99%
BAC	D	-0.99%
TMO	D	-0.83%
WMT	A	-0.73%
ABT	C	-0.69%
GE	C	-0.69%
NEE	A	-0.66%
DHR	D	-0.64%
HPQ	B	-0.62%
PFE	D	-0.62%
UNP	D	-0.56%
DELL	C	-0.54%
LOW	A	-0.51%
COP	D	-0.49%
ELV	F	-0.47%
MS	B	-0.47%
HON	C	-0.46%
C	C	-0.45%
T	A	-0.45%
ETN	C	-0.44%
MDT	C	-0.42%
PLD	D	-0.42%
BSX	A	-0.41%
BA	F	-0.38%
MELI	D	-0.38%
CI	D	-0.37%
DE	B	-0.36%
MDLZ	D	-0.36%
NKE	D	-0.36%
BMY	B	-0.35%
UPS	D	-0.35%
GILD	A	-0.35%
SCHW	D	-0.33%
DUK	B	-0.32%
EQIX	C	-0.29%
TT	A	-0.29%
NOC	B	-0.29%
PNC	C	-0.27%
CVS	C	-0.27%
ITW	B	-0.27%
FCX	B	-0.25%
AON	B	-0.24%
CSX	D	-0.24%
BDX	C	-0.23%
PSX	D	-0.22%
TFC	D	-0.22%
NEM	C	-0.22%
EMR	B	-0.22%
NSC	D	-0.2%
AEP	C	-0.19%
MAR	B	-0.19%
SRE	B	-0.18%
TRV	C	-0.18%
CCI	C	-0.18%
D	A	-0.18%
GM	D	-0.18%
MET	B	-0.17%
BK	C	-0.17%
VLO	D	-0.17%
JCI	C	-0.17%
HLT	B	-0.17%
LNG	A	-0.16%
LHX	A	-0.16%
KMI	A	-0.15%
EXC	A	-0.15%
CMI	A	-0.15%
EW	F	-0.15%
F	D	-0.15%
DD	C	-0.14%
PEG	A	-0.14%
A	B	-0.14%
OTIS	A	-0.13%
KR	C	-0.13%
AME	D	-0.13%
VRSK	C	-0.13%
VMC	D	-0.12%
IR	B	-0.12%
XEL	B	-0.12%
ED	A	-0.12%
KHC	F	-0.12%
AVB	C	-0.11%
ROK	C	-0.11%
VST	B	-0.11%
EIX	B	-0.11%
ADM	F	-0.11%
PPG	D	-0.1%
BIIB	F	-0.1%
PCG	C	-0.09%
TROW	D	-0.09%
IFF	C	-0.09%
DAL	C	-0.09%
APTV	D	-0.08%
SBAC	C	-0.08%
PPL	B	-0.08%
FE	C	-0.08%
ETR	A	-0.08%
NDAQ	B	-0.08%
DTE	A	-0.08%
ES	D	-0.08%
EXPD	D	-0.07%
CMS	A	-0.07%
TSN	D	-0.07%
CLX	C	-0.07%
BAH	A	-0.07%
BAX	D	-0.07%
K	A	-0.07%
ILMN	B	-0.07%
HBAN	D	-0.07%
RF	C	-0.07%
SWK	C	-0.06%
LUV	B	-0.06%
DOC	C	-0.06%
DGX	C	-0.06%
TXT	F	-0.06%
SJM	D	-0.05%
AMH	D	-0.05%
NI	A	-0.05%
OC	C	-0.05%
ACM	A	-0.05%
NDSN	C	-0.05%
LNT	A	-0.05%
AES	C	-0.05%
JBHT	D	-0.05%
BG	F	-0.05%
CPB	D	-0.04%
REG	C	-0.04%
LECO	F	-0.04%
TFX	C	-0.04%
ALB	D	-0.04%
EMN	C	-0.04%
USFD	C	-0.04%
WBA	F	-0.03%
BWA	C	-0.03%
PFG	C	-0.03%
MOS	F	-0.03%
HRL	F	-0.03%
CNH	D	-0.03%
TAP	D	-0.03%