IETC vs. NACP ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to Impact Shares NAACP Minority Empowerment ETF (NACP)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$77.24

Average Daily Volume

21,257

Number of Holdings ^*

123

* 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

$40.07

Average Daily Volume

2,235

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	IETC	NACP
30 Days	8.15%	3.22%
60 Days	11.94%	6.44%
90 Days	9.59%	5.76%
12 Months	42.65%	29.15%

27 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in NACP	Overlap
AAPL	A	2.32%	4.81%	2.32%
ACN	D	4.72%	3.29%	3.29%
ADP	D	0.05%	0.37%	0.05%
AMZN	A	9.62%	5.06%	5.06%
AON	C	0.09%	0.21%	0.09%
BAH	C	0.21%	0.07%	0.07%
DELL	C	0.06%	0.68%	0.06%
EA	B	0.11%	0.43%	0.11%
EQIX	C	0.65%	0.26%	0.26%
GOOG	A	2.15%	2.44%	2.15%
GOOGL	A	2.53%	2.73%	2.53%
IBM	B	1.91%	2.72%	1.91%
ILMN	D	0.04%	0.06%	0.04%
IPG	F	0.11%	0.15%	0.11%
MA	C	0.83%	1.35%	0.83%
MCO	A	0.31%	0.23%	0.23%
META	A	1.63%	3.62%	1.63%
MSFT	A	9.67%	5.1%	5.1%
MU	C	0.54%	2.27%	0.54%
NDAQ	C	0.07%	0.07%	0.07%
NVDA	B	6.41%	4.75%	4.75%
QCOM	B	1.7%	3.62%	1.7%
ROK	D	0.07%	0.11%	0.07%
SPGI	B	0.67%	0.52%	0.52%
UBER	B	0.24%	2.19%	0.24%
VRSK	A	0.62%	0.14%	0.14%
XYL	D	0.03%	0.12%	0.03%

IETC Overweight 96 Positions Relative to NACP

Symbol	Grade	Weight
AVGO	B	9.22%
CRM	C	5.25%
ORCL	A	3.66%
CSCO	D	2.23%
CDNS	B	1.95%
MSI	B	1.95%
NOW	A	1.65%
ICE	A	1.46%
ADBE	B	1.3%
MANH	B	1.17%
VRSN	C	1.16%
NTAP	A	1.12%
GPN	D	0.97%
AMD	B	0.85%
WDAY	D	0.83%
MPWR	B	0.78%
ABNB	B	0.77%
PH	D	0.75%
CDW	D	0.74%
SSNC	B	0.63%
TEAM	C	0.62%
CRWD	B	0.6%
ADSK	B	0.59%
ANET	A	0.55%
IT	B	0.54%
TYL	A	0.53%
FDS	C	0.53%
TTD	A	0.5%
SNOW	D	0.46%
ZM	F	0.45%
COIN	C	0.41%
ANSS	C	0.39%
LMT	C	0.38%
CSGP	F	0.38%
TXN	B	0.29%
PLTR	A	0.26%
CPAY	D	0.25%
G	D	0.24%
LRCX	B	0.24%
TTEK	D	0.23%
PINS	B	0.22%
KLAC	B	0.22%
SNPS	B	0.22%
SQ	C	0.19%
BSY	D	0.18%
MMC	B	0.18%
DDOG	B	0.17%
QLYS	D	0.17%
KEYS	D	0.16%
TER	A	0.15%
AKAM	F	0.15%
FTNT	C	0.15%
OMC	D	0.14%
DASH	C	0.14%
IQV	D	0.14%
CACI	B	0.14%
SMCI	B	0.14%
JKHY	C	0.14%
HUBS	C	0.13%
NSIT	C	0.13%
IRM	B	0.13%
TRU	C	0.13%
MSTR	D	0.12%
SLB	D	0.11%
SNAP	B	0.11%
QRVO	B	0.11%
MSCI	C	0.1%
VEEV	D	0.09%
CFLT	C	0.09%
HOOD	B	0.08%
SLAB	D	0.07%
VRT	C	0.07%
FBIN	F	0.06%
LPLA	B	0.06%
BBY	C	0.06%
JNPR	B	0.06%
INTU	A	0.06%
TDY	D	0.05%
SAIC	D	0.05%
CPNG	C	0.05%
MMS	B	0.05%
DXC	C	0.04%
CL	B	0.04%
DOCN	C	0.04%
BILL	F	0.03%
GLW	B	0.03%
ENPH	F	0.03%
APPN	D	0.03%
ZI	F	0.02%
RIVN	C	0.01%
TOST	B	0.01%
SMAR	B	0.01%
GDDY	A	0.01%
GRAL	D	0.0%
ALGN	D	0.0%
FTV	D	0.0%

IETC Underweight 171 Positions Relative to NACP

Symbol	Grade	Weight
INTC	C	-2.29%
VZ	B	-2.27%
JPM	B	-2.21%
TSLA	B	-2.01%
XOM	D	-2.0%
PANW	B	-1.78%
UNH	D	-1.64%
V	C	-1.55%
JNJ	F	-1.3%
MRK	C	-1.16%
CVX	D	-1.11%
ABBV	C	-1.06%
BAC	B	-0.99%
KO	A	-0.92%
PEP	D	-0.88%
TMO	D	-0.75%
GE	D	-0.66%
ABT	D	-0.66%
WMT	A	-0.66%
DHR	D	-0.61%
NEE	D	-0.61%
PFE	C	-0.6%
HPQ	C	-0.6%
AXP	C	-0.51%
COP	D	-0.5%
UNP	D	-0.5%
HON	B	-0.5%
ETN	C	-0.47%
LOW	D	-0.47%
ELV	C	-0.46%
MS	B	-0.44%
C	B	-0.44%
T	B	-0.43%
NKE	F	-0.41%
BA	C	-0.41%
BSX	B	-0.4%
SCHW	D	-0.39%
PLD	C	-0.38%
MDT	D	-0.37%
UPS	D	-0.37%
CI	D	-0.36%
DE	F	-0.36%
MDLZ	D	-0.34%
SO	B	-0.32%
MELI	B	-0.32%
BMY	F	-0.31%
GILD	C	-0.3%
DUK	C	-0.29%
FCX	C	-0.27%
CVS	D	-0.27%
TT	B	-0.26%
ITW	D	-0.26%
FDX	B	-0.25%
MPC	D	-0.24%
PYPL	D	-0.24%
NOC	D	-0.24%
CSX	D	-0.24%
MAR	C	-0.23%
PSX	D	-0.23%
BDX	F	-0.23%
EMR	C	-0.22%
ECL	B	-0.21%
PNC	C	-0.21%
MMM	B	-0.2%
EW	B	-0.2%
HLT	B	-0.18%
TFC	B	-0.18%
WMB	B	-0.18%
NEM	A	-0.18%
VLO	D	-0.18%
SRE	B	-0.17%
F	B	-0.17%
TRV	D	-0.17%
NSC	D	-0.17%
GM	B	-0.17%
URI	D	-0.16%
LHX	B	-0.16%
HES	D	-0.16%
AEP	C	-0.16%
D	C	-0.16%
MET	D	-0.16%
OKE	B	-0.16%
JCI	D	-0.16%
CCI	D	-0.15%
LNG	B	-0.15%
BK	B	-0.15%
A	D	-0.14%
EXC	D	-0.14%
KMI	B	-0.14%
CMI	D	-0.14%
DD	C	-0.14%
KR	C	-0.13%
PEG	B	-0.13%
AME	D	-0.13%
OTIS	B	-0.13%
VMC	D	-0.12%
ADM	C	-0.12%
BIIB	C	-0.12%
MLM	D	-0.12%
IR	C	-0.12%
HWM	C	-0.12%
RCL	B	-0.12%
DVN	D	-0.11%
DAL	D	-0.11%
ED	D	-0.11%
VST	C	-0.11%
KHC	D	-0.11%
EIX	C	-0.1%
RMD	C	-0.1%
EBAY	B	-0.1%
AVB	B	-0.1%
PPG	D	-0.1%
XEL	D	-0.1%
IFF	B	-0.09%
WEC	D	-0.09%
TROW	C	-0.09%
HSY	F	-0.09%
ETR	D	-0.08%
DTE	D	-0.08%
PCG	D	-0.08%
APTV	F	-0.07%
SYF	B	-0.07%
ES	C	-0.07%
EXPD	B	-0.07%
SBAC	F	-0.07%
PPL	D	-0.07%
FE	C	-0.07%
UAL	D	-0.06%
BG	B	-0.06%
TSN	D	-0.06%
BAX	C	-0.06%
LUV	D	-0.06%
HUBB	C	-0.06%
CLX	D	-0.06%
CMS	D	-0.06%
TXT	D	-0.06%
RF	B	-0.06%
LII	B	-0.06%
NRG	D	-0.06%
HBAN	D	-0.06%
JBHT	F	-0.05%
OC	D	-0.05%
DOC	B	-0.05%
CF	F	-0.05%
K	D	-0.05%
DGX	C	-0.05%
MOS	F	-0.04%
LECO	F	-0.04%
USFD	C	-0.04%
ALB	F	-0.04%
AMH	A	-0.04%
SJM	D	-0.04%
EMN	D	-0.04%
NI	B	-0.04%
SWK	D	-0.04%
NDSN	D	-0.04%
ACM	D	-0.04%
LNT	B	-0.04%
AES	D	-0.04%
BWA	F	-0.03%
CNH	F	-0.03%
HRL	F	-0.03%
WBA	F	-0.03%
CPB	B	-0.03%
SCCO	C	-0.03%
TAP	F	-0.03%
REG	B	-0.03%
PFG	D	-0.03%
TFX	C	-0.03%
COTY	F	-0.01%
AGR	C	-0.01%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Software - Infrastructure Information Technology Services Semiconductors Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Scientific & Technical Instruments Advertising Agencies Computer Systems Financial Data & Stock Exchanges Insurance Brokers Internet Content & Information Specialty Retail Aerospace & Defense Auto Manufacturers