IQSU vs. NACP ETF Comparison

Comparison of IQ Candriam ESG US Equity ETF (IQSU) to Impact Shares NAACP Minority Empowerment ETF (NACP)

IQSU

IQ Candriam ESG US Equity ETF

IQSU Description

The investment seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the IQ Candriam ESG US Equity Index. The Advisor employs a passive management - or indexing - investment approach designed to track the performance of the underlying index. The underlying index is designed to deliver exposure to equity securities of companies meeting environmental, social and corporate governance (ESG) criteria developed by Candriam and weighted using a market capitalization weighting methodology.

Grade (RS Rating)

Last Trade

$49.60

Average Daily Volume

10,845

Number of Holdings ^*

281

* 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	IQSU	NACP
30 Days	4.52%	2.08%
60 Days	4.59%	4.48%
90 Days	6.02%	6.57%
12 Months	24.96%	32.92%

105 Overlapping Holdings

Symbol	Grade	Weight in IQSU	Weight in NACP	Overlap
AAPL	C	9.59%	5.03%	5.03%
ACN	C	0.94%	3.58%	0.94%
ADM	D	0.1%	0.11%	0.1%
ADP	B	0.48%	0.4%	0.4%
APTV	D	0.06%	0.08%	0.06%
AVB	B	0.13%	0.11%	0.11%
AXP	A	0.65%	0.56%	0.56%
BAC	A	1.23%	0.99%	0.99%
BIIB	F	0.09%	0.1%	0.09%
BK	A	0.23%	0.17%	0.17%
BMY	B	0.46%	0.35%	0.35%
C	A	0.5%	0.45%	0.45%
CCI	D	0.18%	0.18%	0.18%
CI	F	0.36%	0.37%	0.36%
CLX	B	0.08%	0.07%	0.07%
CPB	D	0.03%	0.04%	0.03%
DD	D	0.12%	0.14%	0.12%
DELL	C	0.14%	0.54%	0.14%
DGX	A	0.07%	0.06%	0.06%
DOC	D	0.06%	0.06%	0.06%
EA	A	0.16%	0.45%	0.16%
EBAY	D	0.12%	0.11%	0.11%
ECL	D	0.24%	0.21%	0.21%
ED	D	0.13%	0.12%	0.12%
ELV	F	0.37%	0.47%	0.37%
EMR	A	0.29%	0.22%	0.22%
EQIX	A	0.34%	0.29%	0.29%
ES	D	0.08%	0.08%	0.08%
EW	C	0.16%	0.15%	0.15%
EXC	C	0.15%	0.15%	0.15%
EXPD	D	0.07%	0.07%	0.07%
FCX	D	0.24%	0.25%	0.24%
FDX	B	0.26%	0.25%	0.25%
GE	D	0.76%	0.69%	0.69%
GILD	C	0.43%	0.35%	0.35%
GOOG	C	2.55%	2.16%	2.16%
GOOGL	C	2.84%	2.41%	2.41%
HBAN	A	0.1%	0.07%	0.07%
HLT	A	0.24%	0.17%	0.17%
HPQ	B	0.14%	0.62%	0.14%
HRL	D	0.03%	0.03%	0.03%
HSY	F	0.1%	0.1%	0.1%
IBM	C	0.77%	3.08%	0.77%
IFF	D	0.09%	0.09%	0.09%
INTC	D	0.4%	1.52%	0.4%
IR	B	0.16%	0.12%	0.12%
ITW	B	0.32%	0.27%	0.27%
JBHT	C	0.06%	0.05%	0.05%
JCI	C	0.22%	0.17%	0.17%
K	A	0.08%	0.07%	0.07%
KHC	F	0.1%	0.12%	0.1%
KMI	A	0.22%	0.15%	0.15%
KR	B	0.15%	0.13%	0.13%
LH	C	0.08%	0.07%	0.07%
LNG	B	0.2%	0.16%	0.16%
LOW	D	0.59%	0.51%	0.51%
MA	C	1.66%	1.4%	1.4%
MAR	B	0.27%	0.19%	0.19%
MCO	B	0.3%	0.26%	0.26%
MDLZ	F	0.34%	0.36%	0.34%
MELI	D	0.36%	0.38%	0.36%
MET	A	0.19%	0.17%	0.17%
MLM	B	0.14%	0.12%	0.12%
MMM	D	0.28%	0.26%	0.26%
MPC	D	0.22%	0.23%	0.22%
MS	A	0.65%	0.47%	0.47%
MSFT	F	9.56%	4.63%	4.63%
MU	D	0.43%	1.75%	0.43%
NDAQ	A	0.12%	0.08%	0.08%
NEE	D	0.61%	0.66%	0.61%
NEM	D	0.19%	0.22%	0.19%
NKE	D	0.35%	0.36%	0.35%
OKE	A	0.26%	0.18%	0.18%
OTIS	C	0.16%	0.13%	0.13%
PANW	C	0.49%	1.81%	0.49%
PCG	A	0.18%	0.09%	0.09%
PEG	A	0.18%	0.14%	0.14%
PEP	F	0.86%	0.92%	0.86%
PFG	D	0.08%	0.03%	0.03%
PLD	D	0.41%	0.42%	0.41%
PNC	B	0.32%	0.27%	0.27%
PPG	F	0.11%	0.1%	0.1%
PYPL	B	0.35%	0.27%	0.27%
QCOM	F	0.67%	3.18%	0.67%
RCL	A	0.2%	0.12%	0.12%
RF	A	0.09%	0.07%	0.07%
RMD	C	0.14%	0.11%	0.11%
ROK	B	0.13%	0.11%	0.11%
SBAC	D	0.09%	0.08%	0.08%
SPGI	C	0.62%	0.55%	0.55%
SRE	A	0.23%	0.18%	0.18%
SYF	B	0.1%	0.08%	0.08%
TFC	A	0.24%	0.22%	0.22%
TRV	B	0.23%	0.18%	0.18%
TSLA	B	3.69%	2.22%	2.22%
TT	A	0.37%	0.29%	0.29%
UNH	C	2.17%	1.95%	1.95%
UPS	C	0.38%	0.35%	0.35%
URI	B	0.21%	0.18%	0.18%
V	A	1.91%	1.53%	1.53%
VLO	C	0.18%	0.17%	0.17%
VMC	B	0.14%	0.12%	0.12%
VRSK	A	0.16%	0.13%	0.13%
WMB	A	0.28%	0.19%	0.19%
XYL	D	0.11%	0.11%	0.11%

IQSU Overweight 176 Positions Relative to NACP

Symbol	Grade	Weight
PG	A	1.58%
HD	A	1.56%
CRM	B	1.2%
CSCO	B	0.91%
ADBE	C	0.87%
AMD	F	0.86%
LIN	D	0.85%
NOW	A	0.82%
DIS	B	0.82%
INTU	C	0.7%
TXN	C	0.7%
CMCSA	B	0.65%
PGR	A	0.59%
AMAT	F	0.55%
TJX	A	0.54%
BX	A	0.51%
FI	A	0.5%
VRTX	F	0.46%
MMC	B	0.43%
SBUX	A	0.43%
ADI	D	0.42%
KKR	A	0.4%
AMT	D	0.37%
LRCX	F	0.36%
SHW	A	0.35%
PH	A	0.35%
ICE	C	0.35%
WM	A	0.35%
KLAC	D	0.33%
CMG	B	0.32%
ZTS	D	0.32%
CME	A	0.32%
WELL	A	0.32%
MSI	B	0.32%
CDNS	B	0.32%
SNPS	B	0.32%
CL	D	0.31%
CRWD	B	0.31%
CTAS	B	0.3%
MRVL	B	0.3%
USB	A	0.29%
APD	A	0.28%
COF	B	0.27%
APO	B	0.26%
ADSK	A	0.26%
AJG	B	0.25%
DLR	B	0.24%
SLB	C	0.24%
ABNB	C	0.23%
ROP	B	0.23%
SPG	B	0.23%
CARR	D	0.23%
DASH	A	0.22%
AMP	A	0.22%
TGT	F	0.22%
AFL	B	0.22%
FICO	B	0.22%
FTNT	C	0.22%
PSA	D	0.21%
WDAY	B	0.21%
ALL	A	0.2%
AZO	C	0.2%
PWR	A	0.19%
FIS	C	0.19%
AIG	B	0.19%
BKR	B	0.18%
MSCI	C	0.18%
PRU	A	0.18%
KVUE	A	0.18%
PAYX	C	0.18%
KMB	D	0.18%
FAST	B	0.18%
GWW	B	0.18%
DFS	B	0.17%
SNOW	C	0.16%
CBRE	B	0.16%
CHTR	C	0.15%
YUM	B	0.15%
SYY	B	0.15%
CTSH	B	0.15%
TEAM	A	0.15%
IT	C	0.15%
IDXX	F	0.14%
EXR	D	0.14%
WAB	B	0.14%
HIG	B	0.14%
MTB	A	0.14%
HUM	C	0.14%
NUE	C	0.14%
GIS	D	0.14%
GLW	B	0.14%
WTW	B	0.13%
IRM	D	0.13%
HUBS	A	0.13%
KDP	D	0.13%
ACGL	D	0.13%
LULU	C	0.13%
GPN	B	0.12%
TSCO	D	0.12%
DXCM	D	0.12%
ANSS	B	0.12%
TTWO	A	0.12%
EFX	F	0.12%
RJF	A	0.12%
ALNY	D	0.12%
VEEV	C	0.12%
FITB	A	0.12%
AWK	D	0.11%
CHD	B	0.11%
DOV	A	0.11%
NVR	D	0.11%
HPE	B	0.11%
HAL	C	0.11%
KEYS	A	0.11%
ON	D	0.11%
CAH	B	0.11%
MTD	D	0.1%
NTAP	C	0.1%
CPAY	A	0.1%
EQR	B	0.1%
VTR	C	0.1%
BR	A	0.1%
MPWR	F	0.1%
FTV	C	0.1%
CBOE	B	0.09%
NTRS	A	0.09%
WBD	C	0.09%
WY	D	0.09%
ZBH	C	0.09%
WST	C	0.09%
CDW	F	0.09%
INVH	D	0.08%
MKC	D	0.08%
OMC	C	0.08%
MDB	C	0.08%
ZBRA	B	0.08%
WDC	D	0.08%
CFG	B	0.08%
STE	F	0.08%
LYB	F	0.08%
WAT	B	0.08%
PKG	A	0.08%
MAS	D	0.07%
ULTA	F	0.07%
BBY	D	0.07%
PINS	D	0.07%
TRMB	B	0.07%
KEY	B	0.07%
HOLX	D	0.07%
MAA	B	0.07%
ZS	C	0.07%
TRU	D	0.07%
BALL	D	0.07%
STX	D	0.07%
ESS	B	0.07%
VRSN	F	0.06%
SSNC	B	0.06%
DG	F	0.06%
TER	D	0.06%
EG	C	0.06%
ARE	D	0.06%
GEN	B	0.06%
BMRN	D	0.05%
OKTA	C	0.05%
DLTR	F	0.05%
CAG	D	0.05%
AKAM	D	0.05%
AVTR	F	0.05%
INCY	C	0.05%
SWKS	F	0.05%
EL	F	0.05%
DOX	D	0.04%
RPRX	D	0.04%
SNAP	C	0.04%
ENPH	F	0.03%
AGR	B	0.01%

IQSU Underweight 92 Positions Relative to NACP

Symbol	Grade	Weight
NVDA	C	-4.9%
AMZN	C	-4.47%
META	D	-3.63%
JPM	A	-2.39%
UBER	D	-2.29%
VZ	C	-2.26%
XOM	B	-2.0%
JNJ	D	-1.44%
ABBV	D	-1.22%
CVX	A	-1.04%
MRK	F	-1.03%
KO	D	-0.99%
TMO	F	-0.83%
WMT	A	-0.73%
ABT	B	-0.69%
DHR	F	-0.64%
PFE	D	-0.62%
UNP	C	-0.56%
COP	C	-0.49%
HON	B	-0.46%
T	A	-0.45%
ETN	A	-0.44%
MDT	D	-0.42%
BSX	B	-0.41%
BA	F	-0.38%
DE	A	-0.36%
SO	D	-0.35%
SCHW	B	-0.33%
DUK	C	-0.32%
NOC	D	-0.29%
CVS	D	-0.27%
AON	A	-0.24%
CSX	B	-0.24%
BDX	F	-0.23%
PSX	C	-0.22%
NSC	B	-0.2%
AEP	D	-0.19%
D	C	-0.18%
GM	B	-0.18%
IPG	D	-0.16%
LHX	C	-0.16%
HES	B	-0.15%
CMI	A	-0.15%
F	C	-0.15%
A	D	-0.14%
HWM	A	-0.14%
AME	A	-0.13%
XEL	A	-0.12%
VST	B	-0.11%
EIX	B	-0.11%
DVN	F	-0.1%
WEC	A	-0.1%
TROW	B	-0.09%
DAL	C	-0.09%
PPL	B	-0.08%
FE	C	-0.08%
ETR	B	-0.08%
DTE	C	-0.08%
NRG	B	-0.07%
LII	A	-0.07%
CMS	C	-0.07%
TSN	B	-0.07%
BAH	F	-0.07%
BAX	D	-0.07%
ILMN	D	-0.07%
SWK	D	-0.06%
LUV	C	-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%
BG	F	-0.05%
CF	B	-0.05%
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%
MOS	F	-0.03%
CNH	C	-0.03%
TAP	C	-0.03%