NACP vs. CFA ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Compass EMP US 500 Volatility Weighted Index ETF (CFA)

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

$40.87

Average Daily Volume

2,485

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$85.32

Average Daily Volume

9,580

Number of Holdings ^*

492

* may have additional holdings in another (foreign) market

Performance

Period	NACP	CFA
30 Days	2.07%	3.61%
60 Days	3.38%	5.66%
90 Days	3.52%	7.14%
12 Months	30.45%	23.66%

165 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in CFA	Overlap
A	C	0.14%	0.17%	0.14%
AAPL	C	5.03%	0.3%	0.3%
ABBV	C	1.22%	0.29%	0.29%
ABT	C	0.69%	0.25%	0.25%
ACM	B	0.05%	0.24%	0.05%
ACN	C	3.58%	0.23%	0.23%
ADM	D	0.11%	0.14%	0.11%
ADP	B	0.4%	0.26%	0.26%
AEP	C	0.19%	0.26%	0.19%
AES	C	0.05%	0.15%	0.05%
ALB	D	0.04%	0.06%	0.04%
AME	C	0.13%	0.27%	0.13%
AMZN	C	4.47%	0.16%	0.16%
AON	B	0.24%	0.25%	0.24%
APTV	D	0.08%	0.12%	0.08%
AXP	B	0.56%	0.25%	0.25%
BAC	D	0.99%	0.21%	0.21%
BAH	C	0.07%	0.18%	0.07%
BDX	D	0.23%	0.22%	0.22%
BIIB	F	0.1%	0.18%	0.1%
BK	B	0.17%	0.28%	0.17%
BMY	C	0.35%	0.21%	0.21%
BSX	B	0.41%	0.29%	0.29%
C	C	0.45%	0.22%	0.22%
CF	C	0.05%	0.16%	0.05%
CI	C	0.37%	0.16%	0.16%
CLX	C	0.07%	0.2%	0.07%
CMI	C	0.15%	0.23%	0.15%
CMS	C	0.07%	0.28%	0.07%
COP	D	0.49%	0.18%	0.18%
CPB	C	0.04%	0.25%	0.04%
CSX	D	0.24%	0.23%	0.23%
CVS	D	0.27%	0.14%	0.14%
CVX	D	1.04%	0.2%	0.2%
D	C	0.18%	0.21%	0.18%
DAL	C	0.09%	0.16%	0.09%
DD	B	0.14%	0.2%	0.14%
DE	B	0.36%	0.21%	0.21%
DELL	D	0.54%	0.14%	0.14%
DGX	B	0.06%	0.3%	0.06%
DHR	B	0.64%	0.21%	0.21%
DTE	C	0.08%	0.26%	0.08%
DUK	C	0.32%	0.33%	0.32%
DVN	F	0.1%	0.15%	0.1%
EA	D	0.45%	0.25%	0.25%
EBAY	B	0.11%	0.22%	0.11%
ECL	B	0.21%	0.26%	0.21%
ED	C	0.12%	0.3%	0.12%
EIX	C	0.11%	0.26%	0.11%
ELV	C	0.47%	0.23%	0.23%
EMR	D	0.22%	0.19%	0.19%
ETN	C	0.44%	0.2%	0.2%
ETR	B	0.08%	0.28%	0.08%
EW	F	0.15%	0.12%	0.12%
EXC	C	0.15%	0.23%	0.15%
EXPD	C	0.07%	0.23%	0.07%
F	F	0.15%	0.12%	0.12%
FCX	D	0.25%	0.15%	0.15%
FDX	C	0.25%	0.2%	0.2%
FE	C	0.08%	0.28%	0.08%
GE	B	0.69%	0.23%	0.23%
GILD	B	0.35%	0.23%	0.23%
GM	C	0.18%	0.17%	0.17%
GOOGL	D	2.41%	0.19%	0.19%
HBAN	B	0.07%	0.17%	0.07%
HLT	B	0.17%	0.25%	0.17%
HON	D	0.46%	0.28%	0.28%
HPQ	D	0.62%	0.24%	0.24%
HRL	C	0.03%	0.14%	0.03%
HSY	C	0.1%	0.25%	0.1%
HUBB	B	0.06%	0.19%	0.06%
HWM	B	0.14%	0.3%	0.14%
IBM	B	3.08%	0.27%	0.27%
INTC	F	1.52%	0.05%	0.05%
IPG	C	0.16%	0.16%	0.16%
IR	C	0.12%	0.22%	0.12%
ITW	C	0.27%	0.26%	0.26%
JBHT	D	0.05%	0.15%	0.05%
JCI	B	0.17%	0.21%	0.17%
JNJ	C	1.44%	0.29%	0.29%
JPM	D	2.39%	0.34%	0.34%
K	B	0.07%	0.34%	0.07%
KHC	C	0.12%	0.24%	0.12%
KMI	B	0.15%	0.33%	0.15%
KO	C	0.99%	0.4%	0.4%
KR	C	0.13%	0.28%	0.13%
LECO	F	0.04%	0.14%	0.04%
LHX	C	0.16%	0.22%	0.16%
LII	B	0.07%	0.21%	0.07%
LNG	C	0.16%	0.24%	0.16%
LNT	B	0.05%	0.29%	0.05%
LOW	B	0.51%	0.22%	0.22%
LUV	C	0.06%	0.12%	0.06%
MA	B	1.4%	0.3%	0.3%
MAR	C	0.19%	0.19%	0.19%
MCO	B	0.26%	0.28%	0.26%
MDLZ	B	0.36%	0.27%	0.27%
MDT	C	0.42%	0.26%	0.26%
MET	B	0.17%	0.24%	0.17%
META	B	3.63%	0.13%	0.13%
MLM	D	0.12%	0.18%	0.12%
MPC	F	0.23%	0.17%	0.17%
MRK	D	1.03%	0.24%	0.24%
MS	D	0.47%	0.21%	0.21%
MSFT	C	4.63%	0.23%	0.23%
NDAQ	A	0.08%	0.3%	0.08%
NDSN	C	0.05%	0.23%	0.05%
NEE	C	0.66%	0.23%	0.23%
NI	B	0.05%	0.28%	0.05%
NKE	D	0.36%	0.12%	0.12%
NOC	B	0.29%	0.22%	0.22%
NSC	C	0.2%	0.2%	0.2%
NVDA	D	4.9%	0.17%	0.17%
OC	D	0.05%	0.17%	0.05%
OKE	B	0.18%	0.27%	0.18%
OTIS	C	0.13%	0.29%	0.13%
PANW	D	1.81%	0.1%	0.1%
PCG	C	0.09%	0.25%	0.09%
PEG	B	0.14%	0.32%	0.14%
PEP	C	0.92%	0.3%	0.3%
PFE	C	0.62%	0.21%	0.21%
PFG	B	0.03%	0.22%	0.03%
PNC	B	0.27%	0.21%	0.21%
PPG	D	0.1%	0.21%	0.1%
PPL	C	0.08%	0.3%	0.08%
PSX	F	0.22%	0.17%	0.17%
PYPL	B	0.27%	0.14%	0.14%
QCOM	D	3.18%	0.16%	0.16%
RCL	B	0.12%	0.19%	0.12%
RF	B	0.07%	0.16%	0.07%
RMD	C	0.11%	0.18%	0.11%
ROK	D	0.11%	0.13%	0.11%
SCHW	D	0.33%	0.13%	0.13%
SO	B	0.35%	0.32%	0.32%
SPGI	B	0.55%	0.26%	0.26%
SRE	C	0.18%	0.28%	0.18%
SYF	C	0.08%	0.19%	0.08%
T	C	0.45%	0.22%	0.22%
TAP	D	0.03%	0.2%	0.03%
TMO	B	0.83%	0.22%	0.22%
TROW	D	0.09%	0.16%	0.09%
TRV	C	0.18%	0.27%	0.18%
TSLA	C	2.22%	0.11%	0.11%
TT	B	0.29%	0.22%	0.22%
TXT	D	0.06%	0.18%	0.06%
UAL	C	0.05%	0.14%	0.05%
UBER	C	2.29%	0.11%	0.11%
UNH	C	1.95%	0.26%	0.26%
UNP	C	0.56%	0.22%	0.22%
UPS	D	0.35%	0.17%	0.17%
URI	B	0.18%	0.13%	0.13%
USFD	B	0.04%	0.26%	0.04%
V	C	1.53%	0.33%	0.33%
VLO	F	0.17%	0.16%	0.16%
VMC	D	0.12%	0.19%	0.12%
VRSK	D	0.13%	0.29%	0.13%
VST	C	0.11%	0.27%	0.11%
VZ	B	2.26%	0.19%	0.19%
WBA	F	0.03%	0.05%	0.03%
WEC	C	0.1%	0.27%	0.1%
WMB	B	0.19%	0.33%	0.19%
WMT	C	0.73%	0.37%	0.37%
XEL	B	0.12%	0.26%	0.12%
XOM	C	2.0%	0.22%	0.22%
XYL	C	0.11%	0.23%	0.11%

NACP Overweight 31 Positions Relative to CFA

Symbol	Grade	Weight
GOOG	D	2.16%
MU	F	1.75%
PLD	C	0.42%
BA	F	0.38%
MELI	B	0.38%
EQIX	C	0.29%
MMM	B	0.26%
TFC	C	0.22%
NEM	B	0.22%
CCI	C	0.18%
HES	F	0.15%
AVB	B	0.11%
IFF	B	0.09%
SBAC	C	0.08%
ES	C	0.08%
NRG	C	0.07%
TSN	C	0.07%
BAX	C	0.07%
ILMN	C	0.07%
SWK	B	0.06%
DOC	C	0.06%
SJM	C	0.05%
AMH	C	0.05%
BG	D	0.05%
REG	C	0.04%
TFX	C	0.04%
EMN	B	0.04%
BWA	D	0.03%
SCCO	D	0.03%
MOS	F	0.03%
CNH	D	0.03%

NACP Underweight 327 Positions Relative to CFA

Symbol	Grade	Weight
PM	C	-0.4%
BRK.A	C	-0.39%
TMUS	C	-0.39%
RSG	D	-0.38%
CL	D	-0.38%
COST	B	-0.35%
KMB	D	-0.35%
MSI	B	-0.35%
L	C	-0.35%
TJX	B	-0.35%
PG	C	-0.34%
CTAS	B	-0.34%
MMC	C	-0.34%
LMT	C	-0.33%
HIG	B	-0.33%
MO	C	-0.32%
MCD	B	-0.32%
ICE	C	-0.32%
ATO	B	-0.32%
AJG	D	-0.31%
APH	D	-0.31%
ROP	C	-0.31%
CB	B	-0.3%
KDP	B	-0.3%
TRGP	B	-0.3%
WAB	B	-0.3%
HEI	B	-0.3%
AFL	C	-0.3%
UTHR	C	-0.29%
BRO	C	-0.29%
RGA	C	-0.29%
LDOS	B	-0.28%
WM	D	-0.28%
CBOE	C	-0.28%
GIS	B	-0.28%
GD	B	-0.28%
YUM	D	-0.28%
EVRG	B	-0.27%
FFIV	B	-0.27%
AMP	A	-0.27%
BR	D	-0.27%
CINF	B	-0.27%
GLW	C	-0.27%
GRMN	D	-0.27%
LIN	B	-0.27%
TYL	C	-0.26%
GS	C	-0.26%
SSNC	B	-0.26%
HOLX	B	-0.26%
IP	B	-0.26%
RYAN	D	-0.26%
HCA	B	-0.26%
CASY	D	-0.26%
CHD	D	-0.26%
STZ	D	-0.26%
REGN	C	-0.26%
DOV	B	-0.26%
SHW	B	-0.26%
CME	C	-0.26%
PAYX	C	-0.26%
AIG	D	-0.26%
RTX	C	-0.25%
PRU	C	-0.25%
TDG	B	-0.25%
AEE	C	-0.25%
ACGL	C	-0.25%
HD	B	-0.25%
BLK	B	-0.25%
AVY	C	-0.25%
CAG	C	-0.25%
GL	C	-0.25%
FOXA	B	-0.25%
AWK	B	-0.25%
FICO	B	-0.25%
FDS	C	-0.24%
ROST	C	-0.24%
CSCO	C	-0.24%
CNP	C	-0.24%
FNF	B	-0.24%
STE	C	-0.24%
AMGN	B	-0.24%
DRI	B	-0.24%
PKG	B	-0.24%
NTAP	D	-0.24%
SYY	D	-0.24%
BKR	C	-0.23%
TXN	C	-0.23%
SBUX	C	-0.23%
VRSN	D	-0.23%
AFG	B	-0.23%
JKHY	B	-0.23%
MKC	C	-0.23%
MCK	F	-0.23%
GDDY	C	-0.23%
ORLY	C	-0.23%
WRB	C	-0.23%
FAST	C	-0.22%
ADI	C	-0.22%
SYK	C	-0.22%
PTC	D	-0.22%
NVR	B	-0.22%
TSCO	C	-0.22%
OMC	B	-0.22%
GWW	B	-0.22%
CDW	D	-0.22%
TEL	D	-0.22%
CAH	C	-0.22%
LYB	D	-0.22%
TDY	B	-0.22%
CARR	B	-0.22%
EQH	C	-0.21%
ISRG	B	-0.21%
CMG	C	-0.21%
VRTX	D	-0.21%
ORCL	C	-0.21%
J	C	-0.21%
BBY	C	-0.21%
ROL	C	-0.21%
PGR	B	-0.21%
IBKR	B	-0.21%
CTSH	C	-0.21%
AZO	D	-0.21%
TW	B	-0.21%
SNA	C	-0.21%
EME	B	-0.21%
INTU	C	-0.2%
RJF	C	-0.2%
PCAR	D	-0.2%
CPRT	D	-0.2%
ALLE	B	-0.2%
TPL	B	-0.2%
CPAY	B	-0.2%
STT	A	-0.2%
PH	B	-0.2%
NOW	B	-0.2%
MKL	C	-0.2%
DOW	D	-0.2%
AOS	D	-0.2%
CRBG	D	-0.2%
WSO	C	-0.2%
IEX	D	-0.2%
CBRE	A	-0.2%
MTD	D	-0.19%
MAS	B	-0.19%
PFGC	B	-0.19%
CSL	B	-0.19%
SCI	B	-0.19%
CMCSA	D	-0.19%
DHI	B	-0.19%
HII	D	-0.19%
EG	C	-0.19%
GGG	C	-0.19%
ARES	B	-0.19%
RPM	B	-0.19%
IT	B	-0.19%
NWSA	D	-0.19%
AKAM	D	-0.19%
INCY	C	-0.19%
KKR	B	-0.19%
CAT	B	-0.18%
HPE	D	-0.18%
ADSK	C	-0.18%
MTB	B	-0.18%
WFC	D	-0.18%
ERIE	B	-0.18%
APD	B	-0.18%
MANH	B	-0.18%
MSCI	C	-0.18%
APO	C	-0.18%
LEN	B	-0.18%
AVGO	C	-0.18%
LLY	C	-0.18%
RNR	C	-0.18%
BKNG	C	-0.18%
PHM	B	-0.18%
FCNCA	D	-0.18%
FTV	C	-0.18%
EOG	D	-0.18%
MORN	C	-0.17%
PWR	B	-0.17%
VLTO	C	-0.17%
CTRA	D	-0.17%
ADBE	F	-0.17%
BX	B	-0.17%
LKQ	F	-0.17%
FITB	B	-0.17%
NBIX	F	-0.17%
MNST	D	-0.17%
GPC	D	-0.17%
EFX	B	-0.17%
TOL	B	-0.17%
ZTS	C	-0.17%
FANG	D	-0.17%
LYV	B	-0.17%
CNC	D	-0.17%
TER	D	-0.17%
ZBH	F	-0.17%
COF	B	-0.17%
GEHC	C	-0.16%
CPNG	B	-0.16%
AVTR	B	-0.16%
CFG	C	-0.16%
OXY	F	-0.16%
CDNS	D	-0.16%
KEYS	C	-0.16%
BMRN	F	-0.16%
FSLR	C	-0.16%
UHAL	A	-0.16%
AXON	B	-0.16%
SWKS	D	-0.16%
WLK	D	-0.16%
NTRS	A	-0.16%
MOH	D	-0.16%
CEG	C	-0.15%
DT	C	-0.15%
WAT	C	-0.15%
BSY	D	-0.15%
RS	D	-0.15%
DPZ	F	-0.15%
CHK	D	-0.15%
CSGP	D	-0.15%
DVA	B	-0.15%
KLAC	D	-0.15%
IQV	C	-0.15%
BALL	C	-0.15%
VTRS	D	-0.15%
LPLA	D	-0.14%
POOL	C	-0.14%
NXPI	F	-0.14%
ZM	C	-0.14%
RL	C	-0.14%
VEEV	C	-0.14%
WMG	D	-0.14%
TECH	C	-0.14%
FIX	B	-0.14%
H	C	-0.14%
BURL	B	-0.14%
NFLX	B	-0.14%
TGT	C	-0.14%
PODD	B	-0.14%
CTVA	B	-0.14%
SNPS	D	-0.14%
CHTR	D	-0.14%
WSM	D	-0.14%
GPN	D	-0.14%
CRM	D	-0.14%
USB	B	-0.14%
EQT	D	-0.13%
NUE	F	-0.13%
ZBRA	B	-0.13%
DECK	C	-0.13%
DOCU	C	-0.13%
STLD	F	-0.13%
HAL	F	-0.13%
APP	C	-0.13%
HUM	F	-0.13%
IDXX	C	-0.13%
MPWR	C	-0.13%
SLB	F	-0.13%
MCHP	F	-0.13%
TRMB	C	-0.13%
CE	F	-0.13%
DKS	D	-0.13%
ANET	B	-0.13%
WDAY	D	-0.13%
DIS	D	-0.13%
ODFL	D	-0.13%
PR	F	-0.12%
MGM	F	-0.12%
LVS	D	-0.12%
DAY	D	-0.12%
EDR	A	-0.12%
TPR	C	-0.12%
WMS	D	-0.12%
AMAT	D	-0.12%
WST	D	-0.12%
ULTA	D	-0.12%
KEY	B	-0.12%
DINO	F	-0.12%
ENTG	F	-0.11%
CRL	F	-0.11%
LW	D	-0.11%
LRCX	F	-0.11%
ALLY	F	-0.11%
VRT	C	-0.11%
KMX	D	-0.11%
FND	C	-0.11%
BLD	D	-0.11%
TTD	B	-0.11%
OVV	F	-0.11%
BEN	F	-0.11%
WYNN	D	-0.11%
FTNT	C	-0.11%
BLDR	C	-0.1%
ABNB	D	-0.1%
MEDP	F	-0.1%
KNSL	C	-0.1%
BRKR	D	-0.1%
SAIA	D	-0.09%
ON	D	-0.09%
PSTG	F	-0.09%
PLTR	B	-0.09%
XPO	D	-0.09%
EPAM	F	-0.09%
COTY	F	-0.09%
EXPE	C	-0.09%
DG	F	-0.08%
AMD	D	-0.08%
MSTR	D	-0.08%
JBL	D	-0.08%
DXCM	F	-0.07%
ALGN	D	-0.07%
SQ	D	-0.07%
FIVE	D	-0.07%
DDOG	D	-0.07%
RGEN	F	-0.07%
GEV	B	-0.07%
CVNA	B	-0.07%
DLTR	F	-0.07%
EL	F	-0.06%
ENPH	D	-0.06%
COIN	F	-0.05%
ELF	F	-0.05%
LSCC	D	-0.05%
ESTC	F	-0.04%
CELH	F	-0.03%
SMCI	F	-0.02%