NACP vs. CGCV ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Capital Group Conservative Equity ETF (CGCV)

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

CGCV

Capital Group Conservative Equity ETF

CGCV Description

The fund seeks to invest primarily in common stocks of companies that are likely to participate in the growth of the American economy and whose dividends appear to be sustainable. Under normal market conditions, the fund will invest at least 80% of its net assets in common stocks and other equity-type securities. The fund invests primarily in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.61

Average Daily Volume

64,802

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	CGCV
30 Days	2.08%	0.78%
60 Days	4.48%	1.51%
90 Days	6.57%	3.88%
12 Months	32.92%

40 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in CGCV	Overlap
AAPL	C	5.03%	4.21%	4.21%
ABBV	D	1.22%	3.99%	1.22%
ABT	B	0.69%	1.79%	0.69%
ACN	C	3.58%	1.8%	1.8%
ADP	B	0.4%	0.71%	0.4%
BMY	B	0.35%	0.62%	0.35%
COP	C	0.49%	0.83%	0.49%
CVS	D	0.27%	0.46%	0.27%
DHR	F	0.64%	0.41%	0.41%
DTE	C	0.08%	1.2%	0.08%
EIX	B	0.11%	0.44%	0.11%
FDX	B	0.25%	0.5%	0.25%
GE	D	0.69%	2.69%	0.69%
GILD	C	0.35%	1.42%	0.35%
HON	B	0.46%	0.74%	0.46%
HSY	F	0.1%	0.66%	0.1%
INTC	D	1.52%	0.25%	0.25%
ITW	B	0.27%	0.39%	0.27%
JPM	A	2.39%	2.39%	2.39%
MA	C	1.4%	0.48%	0.48%
MDLZ	F	0.36%	1.29%	0.36%
MDT	D	0.42%	0.74%	0.42%
META	D	3.63%	1.8%	1.8%
MS	A	0.47%	0.99%	0.47%
MSFT	F	4.63%	5.78%	4.63%
NOC	D	0.29%	0.57%	0.29%
PEG	A	0.14%	0.41%	0.14%
PEP	F	0.92%	0.53%	0.53%
PFG	D	0.03%	0.37%	0.03%
PNC	B	0.27%	1.19%	0.27%
SO	D	0.35%	0.64%	0.35%
SPGI	C	0.55%	0.91%	0.55%
SRE	A	0.18%	1.25%	0.18%
SWK	D	0.06%	0.26%	0.06%
TFC	A	0.22%	0.89%	0.22%
TMO	F	0.83%	0.48%	0.48%
UNH	C	1.95%	2.5%	1.95%
UNP	C	0.56%	1.84%	0.56%
V	A	1.53%	0.96%	0.96%
XOM	B	2.0%	1.7%	1.7%

NACP Overweight 157 Positions Relative to CGCV

Symbol	Grade	Weight
NVDA	C	4.9%
AMZN	C	4.47%
QCOM	F	3.18%
IBM	C	3.08%
GOOGL	C	2.41%
UBER	D	2.29%
VZ	C	2.26%
TSLA	B	2.22%
GOOG	C	2.16%
PANW	C	1.81%
MU	D	1.75%
JNJ	D	1.44%
CVX	A	1.04%
MRK	F	1.03%
KO	D	0.99%
BAC	A	0.99%
WMT	A	0.73%
NEE	D	0.66%
HPQ	B	0.62%
PFE	D	0.62%
AXP	A	0.56%
DELL	C	0.54%
LOW	D	0.51%
ELV	F	0.47%
C	A	0.45%
EA	A	0.45%
T	A	0.45%
ETN	A	0.44%
PLD	D	0.42%
BSX	B	0.41%
BA	F	0.38%
MELI	D	0.38%
CI	F	0.37%
DE	A	0.36%
NKE	D	0.36%
UPS	C	0.35%
SCHW	B	0.33%
DUK	C	0.32%
EQIX	A	0.29%
TT	A	0.29%
PYPL	B	0.27%
MMM	D	0.26%
MCO	B	0.26%
FCX	D	0.25%
AON	A	0.24%
CSX	B	0.24%
MPC	D	0.23%
BDX	F	0.23%
PSX	C	0.22%
NEM	D	0.22%
EMR	A	0.22%
ECL	D	0.21%
NSC	B	0.2%
WMB	A	0.19%
AEP	D	0.19%
MAR	B	0.19%
OKE	A	0.18%
TRV	B	0.18%
CCI	D	0.18%
D	C	0.18%
GM	B	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%
KMI	A	0.15%
HES	B	0.15%
EXC	C	0.15%
CMI	A	0.15%
EW	C	0.15%
F	C	0.15%
DD	D	0.14%
A	D	0.14%
HWM	A	0.14%
OTIS	C	0.13%
KR	B	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
ED	D	0.12%
KHC	F	0.12%
RCL	A	0.12%
AVB	B	0.11%
ROK	B	0.11%
EBAY	D	0.11%
VST	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
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%
SYF	B	0.08%
APTV	D	0.08%
SBAC	D	0.08%
PPL	B	0.08%
FE	C	0.08%
ETR	B	0.08%
NDAQ	A	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%
K	A	0.07%
ILMN	D	0.07%
HBAN	A	0.07%
RF	A	0.07%
LUV	C	0.06%
DOC	D	0.06%
DGX	A	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%
BG	F	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%
EMN	D	0.04%
USFD	A	0.04%
WBA	F	0.03%
BWA	D	0.03%
SCCO	F	0.03%
MOS	F	0.03%
HRL	D	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 49 Positions Relative to CGCV

Symbol	Grade	Weight
RTX	C	-3.75%
AVGO	D	-1.98%
HD	A	-1.84%
LIN	D	-1.81%
TXN	C	-1.58%
FIS	C	-1.31%
CEG	D	-1.29%
CARR	D	-1.23%
PM	B	-1.22%
LLY	F	-1.07%
MMC	B	-1.05%
CB	C	-1.0%
PAYX	C	-0.98%
STZ	D	-0.98%
WFC	A	-0.88%
GIS	D	-0.87%
WELL	A	-0.85%
AMGN	D	-0.83%
AZN	D	-0.83%
IP	B	-0.82%
COF	B	-0.79%
TSM	B	-0.74%
ORCL	B	-0.66%
CRM	B	-0.65%
CNP	B	-0.65%
MCD	D	-0.64%
CMCSA	B	-0.62%
BTI	B	-0.61%
SBUX	A	-0.6%
ADI	D	-0.59%
APD	A	-0.56%
BLK	C	-0.55%
GD	F	-0.54%
PGR	A	-0.53%
HAS	D	-0.52%
KLAC	D	-0.51%
PSA	D	-0.5%
PNW	B	-0.49%
EOG	A	-0.48%
DHI	D	-0.48%
BX	A	-0.47%
PG	A	-0.46%
EXR	D	-0.45%
DLR	B	-0.43%
APH	A	-0.38%
GEHC	F	-0.38%
STT	A	-0.37%
EWBC	A	-0.35%
EFX	F	-0.31%