EFIV vs. NACP ETF Comparison

Comparison of SPDR S&P 500 ESG ETF (EFIV) to Impact Shares NAACP Minority Empowerment ETF (NACP)

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.51

Average Daily Volume

105,618

Number of Holdings ^*

312

* 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

$42.59

Average Daily Volume

3,458

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	EFIV	NACP
30 Days	2.19%	1.45%
60 Days	5.71%	5.94%
90 Days	6.77%	7.51%
12 Months	31.59%	34.01%

138 Overlapping Holdings

Symbol	Grade	Weight in EFIV	Weight in NACP	Overlap
A	F	0.11%	0.14%	0.11%
AAPL	C	9.52%	5.03%	5.03%
ABBV	F	1.0%	1.22%	1.0%
ABT	C	0.57%	0.69%	0.57%
ACN	B	0.63%	3.58%	0.63%
ADM	F	0.07%	0.11%	0.07%
ADP	A	0.35%	0.4%	0.35%
ALB	C	0.03%	0.04%	0.03%
AME	A	0.12%	0.13%	0.12%
AON	B	0.23%	0.24%	0.23%
APTV	F	0.04%	0.08%	0.04%
AVB	B	0.09%	0.11%	0.09%
AXP	B	0.47%	0.56%	0.47%
BAC	A	0.86%	0.99%	0.86%
BAX	F	0.05%	0.07%	0.05%
BDX	F	0.19%	0.23%	0.19%
BIIB	F	0.07%	0.1%	0.07%
BK	B	0.16%	0.17%	0.16%
BMY	B	0.32%	0.35%	0.32%
BSX	A	0.36%	0.41%	0.36%
BWA	B	0.02%	0.03%	0.02%
C	B	0.37%	0.45%	0.37%
CF	B	0.04%	0.05%	0.04%
CI	D	0.25%	0.37%	0.25%
CMI	A	0.14%	0.15%	0.14%
CPB	F	0.03%	0.04%	0.03%
CSX	B	0.2%	0.24%	0.2%
CVS	F	0.22%	0.27%	0.22%
CVX	A	0.75%	1.04%	0.75%
DAL	A	0.11%	0.09%	0.09%
DE	D	0.29%	0.36%	0.29%
DGX	B	0.05%	0.06%	0.05%
DHR	F	0.45%	0.64%	0.45%
DOC	C	0.04%	0.06%	0.04%
DVN	F	0.07%	0.1%	0.07%
EA	A	0.11%	0.45%	0.11%
EBAY	C	0.08%	0.11%	0.08%
ECL	C	0.17%	0.21%	0.17%
ED	D	0.1%	0.12%	0.1%
EIX	C	0.09%	0.11%	0.09%
ELV	F	0.28%	0.47%	0.28%
EMR	A	0.2%	0.22%	0.2%
EQIX	B	0.24%	0.29%	0.24%
ES	D	0.06%	0.08%	0.06%
ETN	B	0.4%	0.44%	0.4%
ETR	B	0.09%	0.08%	0.08%
EW	F	0.11%	0.15%	0.11%
EXC	C	0.11%	0.15%	0.11%
FCX	F	0.19%	0.25%	0.19%
GE	D	0.55%	0.69%	0.55%
GILD	B	0.32%	0.35%	0.32%
GM	B	0.17%	0.18%	0.17%
GOOG	C	2.41%	2.16%	2.16%
GOOGL	C	2.91%	2.41%	2.41%
HBAN	A	0.07%	0.07%	0.07%
HES	B	0.11%	0.15%	0.11%
HLT	A	0.17%	0.17%	0.17%
HPQ	B	0.1%	0.62%	0.1%
HRL	F	0.03%	0.03%	0.03%
HSY	F	0.07%	0.1%	0.07%
HUBB	C	0.07%	0.06%	0.06%
IFF	F	0.06%	0.09%	0.06%
INTC	C	0.3%	1.52%	0.3%
IPG	F	0.03%	0.16%	0.03%
IR	A	0.12%	0.12%	0.12%
ITW	B	0.21%	0.27%	0.21%
JBHT	C	0.04%	0.05%	0.04%
JCI	A	0.15%	0.17%	0.15%
JPM	A	1.98%	2.39%	1.98%
K	A	0.06%	0.07%	0.06%
KHC	F	0.08%	0.12%	0.08%
KMI	B	0.14%	0.15%	0.14%
KO	F	0.69%	0.99%	0.69%
KR	A	0.11%	0.13%	0.11%
LOW	B	0.42%	0.51%	0.42%
MA	B	1.21%	1.4%	1.21%
MAR	A	0.18%	0.19%	0.18%
MCO	C	0.2%	0.26%	0.2%
MDLZ	F	0.25%	0.36%	0.25%
MDT	D	0.32%	0.42%	0.32%
MET	C	0.14%	0.17%	0.14%
MOS	D	0.02%	0.03%	0.02%
MPC	D	0.15%	0.23%	0.15%
MRK	F	0.72%	1.03%	0.72%
MS	A	0.46%	0.47%	0.46%
MSFT	C	8.78%	4.63%	4.63%
MU	D	0.35%	1.75%	0.35%
NDAQ	B	0.09%	0.08%	0.08%
NEE	D	0.43%	0.66%	0.43%
NEM	F	0.14%	0.22%	0.14%
NKE	F	0.25%	0.36%	0.25%
NSC	B	0.18%	0.2%	0.18%
NVDA	A	10.07%	4.9%	4.9%
OKE	A	0.17%	0.18%	0.17%
OTIS	D	0.11%	0.13%	0.11%
PEG	C	0.12%	0.14%	0.12%
PEP	D	0.64%	0.92%	0.64%
PFG	C	0.05%	0.03%	0.03%
PLD	D	0.3%	0.42%	0.3%
PNC	B	0.23%	0.27%	0.23%
PPG	F	0.08%	0.1%	0.08%
PSX	C	0.15%	0.22%	0.15%
PYPL	A	0.23%	0.27%	0.23%
QCOM	F	0.54%	3.18%	0.54%
RCL	A	0.15%	0.12%	0.12%
REG	A	0.03%	0.04%	0.03%
RF	A	0.07%	0.07%	0.07%
RMD	C	0.1%	0.11%	0.1%
ROK	B	0.09%	0.11%	0.09%
SBAC	D	0.07%	0.08%	0.07%
SCHW	B	0.32%	0.33%	0.32%
SJM	F	0.03%	0.05%	0.03%
SPGI	C	0.44%	0.55%	0.44%
SRE	B	0.16%	0.18%	0.16%
SWK	F	0.04%	0.06%	0.04%
SYF	B	0.07%	0.08%	0.07%
T	A	0.45%	0.45%	0.45%
TAP	B	0.03%	0.03%	0.03%
TFC	B	0.18%	0.22%	0.18%
TFX	F	0.03%	0.04%	0.03%
TROW	A	0.08%	0.09%	0.08%
TRV	B	0.16%	0.18%	0.16%
TSLA	B	2.25%	2.22%	2.22%
TSN	B	0.05%	0.07%	0.05%
TT	B	0.25%	0.29%	0.25%
UBER	F	0.44%	2.29%	0.44%
UNH	B	1.55%	1.95%	1.55%
UNP	D	0.43%	0.56%	0.43%
UPS	C	0.28%	0.35%	0.28%
URI	B	0.17%	0.18%	0.17%
V	A	1.44%	1.53%	1.44%
VLO	C	0.12%	0.17%	0.12%
VRSK	A	0.11%	0.13%	0.11%
WBA	D	0.02%	0.03%	0.02%
WMB	B	0.19%	0.19%	0.19%
WMT	A	1.02%	0.73%	0.73%
XOM	B	1.51%	2.0%	1.51%
XYL	F	0.08%	0.11%	0.08%

EFIV Overweight 174 Positions Relative to NACP

Symbol	Grade	Weight
LLY	F	1.72%
COST	B	1.12%
HD	B	1.08%
PG	C	1.07%
CRM	B	0.84%
CSCO	A	0.66%
AMD	F	0.66%
LIN	D	0.63%
ADBE	C	0.63%
MCD	C	0.59%
CAT	B	0.57%
GS	B	0.53%
DIS	B	0.5%
AMGN	F	0.49%
CMCSA	B	0.49%
AMAT	F	0.44%
TJX	A	0.37%
SYK	A	0.36%
FI	A	0.34%
TMUS	A	0.32%
SBUX	B	0.31%
MMC	D	0.31%
CB	C	0.3%
LRCX	F	0.28%
KLAC	F	0.26%
PH	A	0.26%
AMT	F	0.26%
SHW	A	0.25%
ICE	C	0.25%
REGN	F	0.24%
ZTS	D	0.22%
WELL	B	0.22%
CMG	B	0.22%
CME	B	0.22%
WM	A	0.22%
USB	B	0.22%
COF	B	0.21%
CL	F	0.21%
CTAS	B	0.21%
APD	B	0.19%
TGT	C	0.19%
CARR	C	0.18%
AJG	A	0.18%
ADSK	B	0.18%
PCAR	B	0.17%
SLB	C	0.17%
AMP	A	0.16%
GWW	B	0.15%
DLR	C	0.15%
AFL	C	0.15%
DHI	D	0.14%
AIG	B	0.14%
ALL	B	0.14%
PSA	D	0.14%
PRU	B	0.13%
MSCI	B	0.13%
PWR	B	0.13%
DFS	B	0.13%
ROST	D	0.13%
FIS	B	0.13%
PAYX	B	0.13%
RSG	B	0.12%
BKR	B	0.12%
COR	B	0.12%
CTVA	C	0.12%
YUM	B	0.11%
SYY	D	0.11%
ACGL	C	0.11%
CBRE	B	0.11%
TRGP	B	0.11%
DOW	F	0.1%
HIG	C	0.1%
FANG	C	0.1%
EXR	D	0.1%
OXY	F	0.1%
HUM	D	0.1%
IDXX	F	0.1%
WAB	B	0.1%
LULU	B	0.1%
MTB	A	0.1%
GIS	F	0.1%
KDP	C	0.1%
CSGP	F	0.09%
ON	F	0.09%
TSCO	D	0.09%
FITB	A	0.09%
WTW	A	0.09%
CNC	F	0.09%
AXON	B	0.09%
IRM	D	0.09%
PHM	D	0.08%
HAL	C	0.08%
TTWO	A	0.08%
HPE	B	0.08%
DOV	A	0.08%
CAH	B	0.08%
MTD	F	0.08%
STT	B	0.08%
GPN	B	0.08%
RJF	A	0.08%
WAT	B	0.07%
EQT	B	0.07%
EQR	C	0.07%
CCL	B	0.07%
CPAY	A	0.07%
DECK	B	0.07%
BR	A	0.07%
FTV	C	0.07%
VTR	C	0.07%
AWK	D	0.07%
SW	B	0.07%
OMC	A	0.06%
CBOE	D	0.06%
NTRS	A	0.06%
EXPE	B	0.06%
CFG	B	0.06%
LYB	F	0.06%
ZBH	C	0.06%
WDC	D	0.06%
WY	F	0.06%
KIM	A	0.05%
AVY	F	0.05%
GPC	D	0.05%
PNR	A	0.05%
MAS	D	0.05%
MRNA	F	0.05%
ARE	F	0.05%
BBY	C	0.05%
FDS	A	0.05%
LVS	C	0.05%
IEX	B	0.05%
BALL	D	0.05%
KEY	B	0.05%
HOLX	D	0.05%
ULTA	C	0.05%
MKC	D	0.05%
CHRW	A	0.04%
HST	D	0.04%
DAY	B	0.04%
INCY	B	0.04%
UDR	C	0.04%
JKHY	C	0.04%
POOL	D	0.04%
CAG	F	0.04%
AMCR	D	0.04%
EL	F	0.04%
RVTY	C	0.04%
EG	D	0.04%
AKAM	F	0.04%
LKQ	C	0.03%
GL	B	0.03%
MKTX	C	0.03%
AIZ	A	0.03%
NWSA	B	0.03%
CRL	C	0.03%
LW	B	0.03%
TPR	A	0.03%
BXP	D	0.03%
KMX	B	0.03%
NCLH	B	0.03%
ALLE	D	0.03%
BEN	C	0.02%
PARA	B	0.02%
DVA	C	0.02%
FMC	F	0.02%
MHK	D	0.02%
WYNN	C	0.02%
RL	B	0.02%
HAS	D	0.02%
IVZ	B	0.02%
FRT	B	0.02%
MGM	D	0.02%
CZR	F	0.02%
NWS	B	0.01%

EFIV Underweight 59 Positions Relative to NACP

Symbol	Grade	Weight
AMZN	A	-4.47%
META	B	-3.63%
IBM	D	-3.08%
VZ	D	-2.26%
PANW	B	-1.81%
JNJ	D	-1.44%
TMO	F	-0.83%
PFE	F	-0.62%
DELL	C	-0.54%
COP	C	-0.49%
HON	B	-0.46%
BA	F	-0.38%
MELI	D	-0.38%
SO	D	-0.35%
DUK	D	-0.32%
NOC	D	-0.29%
MMM	C	-0.26%
FDX	B	-0.25%
AEP	D	-0.19%
CCI	F	-0.18%
D	D	-0.18%
LNG	B	-0.16%
LHX	B	-0.16%
F	C	-0.15%
DD	D	-0.14%
HWM	B	-0.14%
VMC	B	-0.12%
MLM	B	-0.12%
XEL	A	-0.12%
VST	B	-0.11%
WEC	B	-0.1%
PCG	A	-0.09%
PPL	A	-0.08%
FE	D	-0.08%
DTE	D	-0.08%
NRG	C	-0.07%
LII	B	-0.07%
EXPD	C	-0.07%
CMS	D	-0.07%
CLX	A	-0.07%
BAH	C	-0.07%
LH	B	-0.07%
ILMN	C	-0.07%
LUV	B	-0.06%
TXT	D	-0.06%
AMH	C	-0.05%
NI	A	-0.05%
OC	A	-0.05%
ACM	B	-0.05%
NDSN	B	-0.05%
UAL	A	-0.05%
LNT	C	-0.05%
AES	F	-0.05%
BG	D	-0.05%
LECO	C	-0.04%
EMN	D	-0.04%
USFD	B	-0.04%
SCCO	F	-0.03%
CNH	D	-0.03%