NACP vs. AUSF ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Global X Adaptive U.S. Factor ETF (AUSF)

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

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.62

Average Daily Volume

36,554

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	NACP	AUSF
30 Days	2.08%	4.22%
60 Days	4.48%	5.67%
90 Days	6.57%	7.18%
12 Months	32.92%	33.52%

56 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in AUSF	Overlap
AAPL	C	5.03%	0.1%	0.1%
ABBV	D	1.22%	0.14%	0.14%
ADM	D	0.11%	0.47%	0.11%
ADP	B	0.4%	1.43%	0.4%
AME	A	0.13%	0.09%	0.09%
BDX	F	0.23%	0.08%	0.08%
BG	F	0.05%	0.49%	0.05%
BSX	B	0.41%	1.54%	0.41%
BWA	D	0.03%	0.48%	0.03%
C	A	0.45%	0.53%	0.45%
CI	F	0.37%	0.08%	0.08%
CNH	C	0.03%	0.51%	0.03%
CVS	D	0.27%	0.49%	0.27%
CVX	A	1.04%	0.09%	0.09%
DGX	A	0.06%	0.07%	0.06%
DUK	C	0.32%	0.1%	0.1%
EA	A	0.45%	1.43%	0.45%
ECL	D	0.21%	0.07%	0.07%
ED	D	0.12%	0.08%	0.08%
EMN	D	0.04%	0.47%	0.04%
FE	C	0.08%	0.07%	0.07%
GM	B	0.18%	0.52%	0.18%
HBAN	A	0.07%	0.55%	0.07%
HON	B	0.46%	0.07%	0.07%
HPQ	B	0.62%	0.52%	0.52%
IBM	C	3.08%	1.37%	1.37%
INTC	D	1.52%	0.54%	0.54%
JNJ	D	1.44%	1.34%	1.34%
K	A	0.07%	0.07%	0.07%
KHC	F	0.12%	0.43%	0.12%
KMI	A	0.15%	0.66%	0.15%
KO	D	0.99%	1.03%	0.99%
KR	B	0.13%	0.12%	0.12%
MA	C	1.4%	0.08%	0.08%
MDLZ	F	0.36%	0.07%	0.07%
MDT	D	0.42%	0.45%	0.42%
MOS	F	0.03%	0.48%	0.03%
MRK	F	1.03%	1.0%	1.0%
NOC	D	0.29%	0.08%	0.08%
OKE	A	0.18%	0.58%	0.18%
PEP	F	0.92%	0.66%	0.66%
PFE	D	0.62%	0.43%	0.43%
RF	A	0.07%	0.55%	0.07%
SO	D	0.35%	0.12%	0.12%
SYF	B	0.08%	0.58%	0.08%
T	A	0.45%	1.9%	0.45%
TAP	C	0.03%	0.53%	0.03%
TRV	B	0.18%	0.12%	0.12%
UNH	C	1.95%	0.08%	0.08%
V	A	1.53%	1.51%	1.51%
VRSK	A	0.13%	0.1%	0.1%
VZ	C	2.26%	1.83%	1.83%
WBA	F	0.03%	0.43%	0.03%
WMB	A	0.19%	0.1%	0.1%
WMT	A	0.73%	1.56%	0.73%
XOM	B	2.0%	0.08%	0.08%

NACP Overweight 141 Positions Relative to AUSF

Symbol	Grade	Weight
NVDA	C	4.9%
MSFT	F	4.63%
AMZN	C	4.47%
META	D	3.63%
ACN	C	3.58%
QCOM	F	3.18%
GOOGL	C	2.41%
JPM	A	2.39%
UBER	D	2.29%
TSLA	B	2.22%
GOOG	C	2.16%
PANW	C	1.81%
MU	D	1.75%
BAC	A	0.99%
TMO	F	0.83%
ABT	B	0.69%
GE	D	0.69%
NEE	D	0.66%
DHR	F	0.64%
AXP	A	0.56%
UNP	C	0.56%
SPGI	C	0.55%
DELL	C	0.54%
LOW	D	0.51%
COP	C	0.49%
ELV	F	0.47%
MS	A	0.47%
ETN	A	0.44%
PLD	D	0.42%
BA	F	0.38%
MELI	D	0.38%
DE	A	0.36%
NKE	D	0.36%
BMY	B	0.35%
UPS	C	0.35%
GILD	C	0.35%
SCHW	B	0.33%
EQIX	A	0.29%
TT	A	0.29%
PNC	B	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%
CSX	B	0.24%
MPC	D	0.23%
PSX	C	0.22%
TFC	A	0.22%
NEM	D	0.22%
EMR	A	0.22%
NSC	B	0.2%
AEP	D	0.19%
MAR	B	0.19%
SRE	A	0.18%
CCI	D	0.18%
D	C	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%
HES	B	0.15%
EXC	C	0.15%
CMI	A	0.15%
EW	C	0.15%
F	C	0.15%
DD	D	0.14%
PEG	A	0.14%
A	D	0.14%
HWM	A	0.14%
OTIS	C	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
RCL	A	0.12%
AVB	B	0.11%
ROK	B	0.11%
EBAY	D	0.11%
VST	B	0.11%
EIX	B	0.11%
RMD	C	0.11%
XYL	D	0.11%
HSY	F	0.1%
DVN	F	0.1%
WEC	A	0.1%
PPG	F	0.1%
BIIB	F	0.1%
PCG	A	0.09%
TROW	B	0.09%
IFF	D	0.09%
DAL	C	0.09%
APTV	D	0.08%
SBAC	D	0.08%
PPL	B	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	D	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
TSN	B	0.07%
CLX	B	0.07%
BAH	F	0.07%
BAX	D	0.07%
LH	C	0.07%
ILMN	D	0.07%
SWK	D	0.06%
LUV	C	0.06%
DOC	D	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%
CF	B	0.05%
CPB	D	0.04%
REG	B	0.04%
LECO	B	0.04%
TFX	F	0.04%
ALB	C	0.04%
USFD	A	0.04%
SCCO	F	0.03%
PFG	D	0.03%
HRL	D	0.03%

NACP Underweight 134 Positions Relative to AUSF

Symbol	Grade	Weight
TMUS	B	-1.59%
RSG	A	-1.56%
COR	B	-1.51%
BRK.A	B	-1.5%
MMC	B	-1.42%
CSCO	B	-1.41%
ICE	C	-1.41%
LMT	D	-1.4%
RTX	C	-1.4%
CME	A	-1.39%
WM	A	-1.38%
JNPR	F	-1.36%
LIN	D	-1.35%
GD	F	-1.33%
EDR	A	-1.32%
ACI	C	-1.29%
DOX	D	-1.25%
CBOE	B	-0.94%
BR	A	-0.84%
PG	A	-0.83%
DTM	B	-0.7%
MCD	D	-0.7%
MO	A	-0.65%
UNM	A	-0.65%
TPR	B	-0.63%
MARA	C	-0.62%
IP	B	-0.59%
FHN	A	-0.57%
WBS	A	-0.57%
UMBF	B	-0.56%
ZION	B	-0.56%
FNB	A	-0.56%
VTRS	A	-0.56%
CMA	A	-0.55%
WHR	B	-0.55%
ONB	B	-0.55%
ABG	B	-0.55%
AL	B	-0.55%
CFG	B	-0.55%
PB	A	-0.55%
COLB	A	-0.55%
UBSI	B	-0.55%
LAD	A	-0.55%
LBRDK	C	-0.54%
OZK	B	-0.54%
HPE	B	-0.54%
CADE	B	-0.54%
PVH	C	-0.53%
BEN	C	-0.53%
ALLY	C	-0.52%
LNC	B	-0.52%
PCAR	B	-0.52%
AM	A	-0.52%
NOV	C	-0.52%
BCC	B	-0.51%
CIVI	D	-0.51%
SLG	B	-0.51%
CMCSA	B	-0.51%
CNC	D	-0.5%
CHRD	D	-0.5%
CHE	D	-0.5%
JXN	C	-0.5%
DINO	D	-0.49%
NXST	C	-0.49%
AGNC	D	-0.49%
STWD	C	-0.49%
QGEN	D	-0.49%
HST	C	-0.49%
SNX	C	-0.48%
X	C	-0.48%
CRBG	B	-0.48%
UGI	A	-0.48%
VICI	C	-0.48%
RDN	C	-0.48%
AVT	C	-0.48%
KRC	C	-0.47%
SON	D	-0.47%
HOG	D	-0.47%
SOLV	C	-0.47%
TDG	D	-0.47%
M	D	-0.47%
RPRX	D	-0.47%
GAP	C	-0.47%
RNR	C	-0.47%
WU	D	-0.46%
BBY	D	-0.46%
LYB	F	-0.46%
CAG	D	-0.45%
FMC	D	-0.45%
LEA	D	-0.44%
SWKS	F	-0.43%
ARW	D	-0.43%
DOW	F	-0.42%
HII	D	-0.42%
OGN	D	-0.42%
CE	F	-0.29%
YUM	B	-0.26%
CACI	D	-0.18%
PGR	A	-0.18%
TW	A	-0.14%
GRMN	B	-0.13%
COST	B	-0.12%
CHD	B	-0.12%
ORI	A	-0.1%
SNA	A	-0.1%
GDDY	A	-0.1%
LDOS	C	-0.1%
AFL	B	-0.1%
ATR	B	-0.09%
PNW	B	-0.09%
MCK	B	-0.09%
MSI	B	-0.09%
PKG	A	-0.09%
WRB	A	-0.09%
INGR	B	-0.08%
TJX	A	-0.08%
CAH	B	-0.08%
FI	A	-0.08%
HOLX	D	-0.08%
HIG	B	-0.08%
CB	C	-0.08%
VRSN	F	-0.08%
VRTX	F	-0.07%
CTLT	B	-0.07%
KMB	D	-0.07%
AJG	B	-0.07%
AMGN	D	-0.07%
ATO	A	-0.07%
ROP	B	-0.07%
CL	D	-0.07%
WELL	A	-0.07%
L	A	-0.07%
AKAM	D	-0.06%
REGN	F	-0.05%