NACP vs. DSI ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to iShares KLD 400 Social Index Fund (DSI)

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

DSI

iShares KLD 400 Social Index Fund

DSI Description

The investment seeks to track the investment results of an index composed of U.S. companies that have positive environmental, social and governance characteristics as identified by the index provider. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the MSCI KLD 400 Social Index (the "underlying index"), which is a free float-adjusted market capitalization weighted index designed to provide exposure to U.S. companies that have positive environmental, social and governance (ESG) characteristics.

Grade (RS Rating)

Last Trade

$113.61

Average Daily Volume

99,454

Number of Holdings ^*

402

* may have additional holdings in another (foreign) market

Performance

Period	NACP	DSI
30 Days	2.08%	3.90%
60 Days	4.48%	5.62%
90 Days	6.57%	6.91%
12 Months	32.92%	32.55%

112 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in DSI	Overlap
A	D	0.14%	0.14%	0.14%
ABBV	D	1.22%	1.06%	1.06%
ACN	C	3.58%	0.81%	0.81%
ADM	D	0.11%	0.1%	0.1%
ADP	B	0.4%	0.44%	0.4%
ALB	C	0.04%	0.04%	0.04%
APTV	D	0.08%	0.05%	0.05%
AVB	B	0.11%	0.12%	0.11%
AXP	A	0.56%	0.6%	0.56%
BDX	F	0.23%	0.24%	0.23%
BG	F	0.05%	0.05%	0.05%
BIIB	F	0.1%	0.08%	0.08%
BK	A	0.17%	0.21%	0.17%
BMY	B	0.35%	0.42%	0.35%
BWA	D	0.03%	0.03%	0.03%
CCI	D	0.18%	0.16%	0.16%
CI	F	0.37%	0.33%	0.33%
CLX	B	0.07%	0.08%	0.07%
CMI	A	0.15%	0.18%	0.15%
CMS	C	0.07%	0.07%	0.07%
CNH	C	0.03%	0.03%	0.03%
CPB	D	0.04%	0.03%	0.03%
CSX	B	0.24%	0.25%	0.24%
DAL	C	0.09%	0.04%	0.04%
DE	A	0.36%	0.38%	0.36%
DELL	C	0.54%	0.14%	0.14%
DGX	A	0.06%	0.06%	0.06%
DHR	F	0.64%	0.56%	0.56%
DOC	D	0.06%	0.05%	0.05%
EA	A	0.45%	0.15%	0.15%
ECL	D	0.21%	0.23%	0.21%
ED	D	0.12%	0.12%	0.12%
ELV	F	0.47%	0.34%	0.34%
EQIX	A	0.29%	0.31%	0.29%
ES	D	0.08%	0.08%	0.08%
ETN	A	0.44%	0.52%	0.44%
EW	C	0.15%	0.15%	0.15%
EXC	C	0.15%	0.14%	0.14%
EXPD	D	0.07%	0.06%	0.06%
GILD	C	0.35%	0.4%	0.35%
GOOG	C	2.16%	3.2%	2.16%
GOOGL	C	2.41%	3.69%	2.41%
HBAN	A	0.07%	0.09%	0.07%
HLT	A	0.17%	0.23%	0.17%
HPQ	B	0.62%	0.13%	0.13%
HRL	D	0.03%	0.03%	0.03%
IBM	C	3.08%	0.69%	0.69%
IFF	D	0.09%	0.08%	0.08%
ILMN	D	0.07%	0.08%	0.07%
INTC	D	1.52%	0.38%	0.38%
IR	B	0.12%	0.15%	0.12%
ITW	B	0.27%	0.29%	0.27%
JBHT	C	0.05%	0.05%	0.05%
JCI	C	0.17%	0.21%	0.17%
K	A	0.07%	0.08%	0.07%
KHC	F	0.12%	0.1%	0.1%
KO	D	0.99%	0.92%	0.92%
KR	B	0.13%	0.14%	0.13%
LECO	B	0.04%	0.04%	0.04%
LH	C	0.07%	0.07%	0.07%
LII	A	0.07%	0.07%	0.07%
LNG	B	0.16%	0.18%	0.16%
LOW	D	0.51%	0.56%	0.51%
LUV	C	0.06%	0.02%	0.02%
MA	C	1.4%	1.58%	1.4%
MAR	B	0.19%	0.25%	0.19%
MCO	B	0.26%	0.28%	0.26%
MDLZ	F	0.36%	0.32%	0.32%
MMM	D	0.26%	0.26%	0.26%
MOS	F	0.03%	0.03%	0.03%
MPC	D	0.23%	0.2%	0.2%
MRK	F	1.03%	0.89%	0.89%
MS	A	0.47%	0.6%	0.47%
MSFT	F	4.63%	10.68%	4.63%
NDAQ	A	0.08%	0.12%	0.08%
NEM	D	0.22%	0.17%	0.17%
NI	A	0.05%	0.06%	0.05%
NKE	D	0.36%	0.34%	0.34%
NSC	B	0.2%	0.22%	0.2%
NVDA	C	4.9%	12.73%	4.9%
OC	A	0.05%	0.06%	0.05%
OKE	A	0.18%	0.23%	0.18%
PEP	F	0.92%	0.79%	0.79%
PFG	D	0.03%	0.07%	0.03%
PLD	D	0.42%	0.38%	0.38%
PNC	B	0.27%	0.3%	0.27%
PPG	F	0.1%	0.11%	0.1%
PSX	C	0.22%	0.2%	0.2%
PYPL	B	0.27%	0.31%	0.27%
RCL	A	0.12%	0.21%	0.12%
RF	A	0.07%	0.09%	0.07%
RMD	C	0.11%	0.13%	0.11%
ROK	B	0.11%	0.12%	0.11%
SBAC	D	0.08%	0.09%	0.08%
SCHW	B	0.33%	0.44%	0.33%
SJM	D	0.05%	0.04%	0.04%
SPGI	C	0.55%	0.59%	0.55%
SRE	A	0.18%	0.21%	0.18%
SWK	D	0.06%	0.05%	0.05%
SYF	B	0.08%	0.09%	0.08%
TFC	A	0.22%	0.23%	0.22%
TROW	B	0.09%	0.1%	0.09%
TRV	B	0.18%	0.22%	0.18%
TSLA	B	2.22%	3.36%	2.22%
TT	A	0.29%	0.34%	0.29%
UNP	C	0.56%	0.52%	0.52%
UPS	C	0.35%	0.36%	0.35%
URI	B	0.18%	0.2%	0.18%
V	A	1.53%	1.78%	1.53%
VLO	C	0.17%	0.17%	0.17%
VZ	C	2.26%	0.64%	0.64%
XYL	D	0.11%	0.11%	0.11%

NACP Overweight 85 Positions Relative to DSI

Symbol	Grade	Weight
AAPL	C	5.03%
AMZN	C	4.47%
META	D	3.63%
QCOM	F	3.18%
JPM	A	2.39%
UBER	D	2.29%
XOM	B	2.0%
UNH	C	1.95%
PANW	C	1.81%
MU	D	1.75%
JNJ	D	1.44%
CVX	A	1.04%
BAC	A	0.99%
TMO	F	0.83%
WMT	A	0.73%
ABT	B	0.69%
GE	D	0.69%
NEE	D	0.66%
PFE	D	0.62%
COP	C	0.49%
HON	B	0.46%
C	A	0.45%
T	A	0.45%
MDT	D	0.42%
BSX	B	0.41%
BA	F	0.38%
MELI	D	0.38%
SO	D	0.35%
DUK	C	0.32%
NOC	D	0.29%
CVS	D	0.27%
FDX	B	0.25%
FCX	D	0.25%
AON	A	0.24%
EMR	A	0.22%
WMB	A	0.19%
AEP	D	0.19%
D	C	0.18%
GM	B	0.18%
MET	A	0.17%
IPG	D	0.16%
LHX	C	0.16%
KMI	A	0.15%
HES	B	0.15%
F	C	0.15%
DD	D	0.14%
PEG	A	0.14%
HWM	A	0.14%
OTIS	C	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
EBAY	D	0.11%
VST	B	0.11%
EIX	B	0.11%
HSY	F	0.1%
DVN	F	0.1%
WEC	A	0.1%
PCG	A	0.09%
PPL	B	0.08%
FE	C	0.08%
ETR	B	0.08%
DTE	C	0.08%
NRG	B	0.07%
TSN	B	0.07%
BAH	F	0.07%
BAX	D	0.07%
HUBB	B	0.06%
TXT	D	0.06%
AMH	D	0.05%
ACM	A	0.05%
NDSN	B	0.05%
UAL	A	0.05%
LNT	A	0.05%
AES	F	0.05%
CF	B	0.05%
REG	B	0.04%
TFX	F	0.04%
EMN	D	0.04%
USFD	A	0.04%
WBA	F	0.03%
SCCO	F	0.03%
TAP	C	0.03%

NACP Underweight 290 Positions Relative to DSI

Symbol	Grade	Weight
HD	A	-1.48%
PG	A	-1.46%
CRM	B	-1.15%
ORCL	B	-1.11%
CSCO	B	-0.84%
ADBE	C	-0.81%
LIN	D	-0.79%
AMD	F	-0.79%
MCD	D	-0.77%
NOW	A	-0.76%
DIS	B	-0.76%
INTU	C	-0.7%
CAT	B	-0.68%
TXN	C	-0.67%
BKNG	A	-0.62%
BLK	C	-0.57%
PGR	A	-0.55%
AMGN	D	-0.55%
AMAT	F	-0.51%
VRTX	F	-0.44%
SBUX	A	-0.41%
MMC	B	-0.4%
CB	C	-0.4%
ADI	D	-0.37%
ICE	C	-0.33%
PH	A	-0.33%
SHW	A	-0.33%
LRCX	F	-0.33%
AMT	D	-0.33%
WELL	A	-0.3%
CME	A	-0.3%
MSI	B	-0.3%
CDNS	B	-0.29%
SNPS	B	-0.29%
ZTS	D	-0.29%
CL	D	-0.27%
TGT	F	-0.26%
APD	A	-0.26%
HCA	F	-0.25%
CRH	A	-0.25%
AJG	B	-0.23%
ADSK	A	-0.23%
CARR	D	-0.22%
FTNT	C	-0.22%
DLR	B	-0.21%
SPG	B	-0.21%
ROP	B	-0.21%
PCAR	B	-0.21%
WDAY	B	-0.2%
NXPI	D	-0.2%
FICO	B	-0.2%
AMP	A	-0.2%
ALL	A	-0.19%
GWW	B	-0.19%
FIS	C	-0.18%
CPRT	A	-0.18%
TEL	B	-0.17%
PRU	A	-0.17%
FAST	B	-0.17%
PWR	A	-0.17%
BKR	B	-0.16%
COR	B	-0.16%
DFS	B	-0.16%
KMB	D	-0.16%
FERG	B	-0.15%
TRGP	B	-0.15%
SYY	B	-0.14%
GLW	B	-0.14%
TEAM	A	-0.14%
CTSH	B	-0.14%
CBRE	B	-0.14%
WAB	B	-0.13%
IDXX	F	-0.13%
HIG	B	-0.13%
IQV	D	-0.13%
GIS	D	-0.13%
MTB	A	-0.13%
WTW	B	-0.12%
GRMN	B	-0.12%
VEEV	C	-0.12%
HUBS	A	-0.12%
HUM	C	-0.12%
IRM	D	-0.12%
MCHP	D	-0.12%
KDP	D	-0.12%
CAH	B	-0.11%
ANSS	B	-0.11%
TSCO	D	-0.11%
DXCM	D	-0.11%
CNC	D	-0.11%
KEYS	A	-0.1%
AWK	D	-0.1%
HAL	C	-0.1%
FTV	C	-0.1%
CHD	B	-0.1%
DECK	A	-0.1%
BR	A	-0.1%
HPE	B	-0.1%
DOV	A	-0.1%
ON	D	-0.1%
STT	A	-0.1%
EME	C	-0.09%
EQR	B	-0.09%
MTD	D	-0.09%
VLTO	D	-0.09%
VTR	C	-0.09%
WAT	B	-0.08%
WBD	C	-0.08%
CFG	B	-0.08%
BLDR	D	-0.08%
LYB	F	-0.08%
STE	F	-0.08%
NTRS	A	-0.08%
ATO	A	-0.08%
PTC	A	-0.08%
WST	C	-0.08%
ZBH	C	-0.08%
KEY	B	-0.07%
PODD	C	-0.07%
HOLX	D	-0.07%
FDS	B	-0.07%
MKC	D	-0.07%
TRU	D	-0.07%
SNA	A	-0.07%
BALL	D	-0.07%
IP	B	-0.07%
BBY	D	-0.07%
OMC	C	-0.07%
FSLR	F	-0.07%
STX	D	-0.07%
ZBRA	B	-0.07%
COO	D	-0.07%
DRI	B	-0.07%
GWRE	A	-0.06%
EQH	B	-0.06%
TWLO	A	-0.06%
L	A	-0.06%
AVY	D	-0.06%
ALGN	D	-0.06%
GEN	B	-0.06%
WSM	B	-0.06%
IEX	B	-0.06%
MAS	D	-0.06%
TRMB	B	-0.06%
ULTA	F	-0.06%
PNR	A	-0.06%
JLL	D	-0.05%
CHRW	C	-0.05%
CAG	D	-0.05%
AKAM	D	-0.05%
SWKS	F	-0.05%
UDR	B	-0.05%
POOL	C	-0.05%
FFIV	B	-0.05%
EL	F	-0.05%
FLEX	A	-0.05%
DPZ	C	-0.05%
GGG	B	-0.05%
MKTX	D	-0.04%
ALLY	C	-0.04%
WTRG	B	-0.04%
AYI	B	-0.04%
LKQ	D	-0.04%
AIT	A	-0.04%
TECH	D	-0.04%
GME	C	-0.04%
LW	C	-0.04%
TTEK	F	-0.04%
PAYC	B	-0.04%
BXP	D	-0.04%
OKTA	C	-0.04%
BMRN	D	-0.04%
HST	C	-0.04%
KMX	B	-0.04%
ALLE	D	-0.04%
FTI	A	-0.04%
R	B	-0.03%
JAZZ	B	-0.03%
MIDD	C	-0.03%
RIVN	F	-0.03%
ALV	C	-0.03%
MHK	D	-0.03%
RHI	B	-0.03%
FLS	B	-0.03%
NYT	C	-0.03%
HAS	D	-0.03%
VOYA	B	-0.03%
DVA	B	-0.03%
FRT	B	-0.03%
LUMN	C	-0.03%
AOS	F	-0.03%
ZION	B	-0.03%
KNX	B	-0.03%
HSIC	B	-0.03%
AXTA	A	-0.03%
ARMK	B	-0.03%
INGR	B	-0.03%
CMA	A	-0.03%
FBIN	D	-0.03%
FUL	F	-0.02%
HOG	D	-0.02%
CHH	A	-0.02%
ORA	B	-0.02%
AN	C	-0.02%
SIG	B	-0.02%
GVA	A	-0.02%
GAP	C	-0.02%
ST	F	-0.02%
NJR	A	-0.02%
SON	D	-0.02%
EXPO	D	-0.02%
TKR	D	-0.02%
UGI	A	-0.02%
AL	B	-0.02%
ITRI	B	-0.02%
SEE	C	-0.02%
PVH	C	-0.02%
UHAL	D	-0.02%
IVZ	B	-0.02%
AGCO	D	-0.02%
LNC	B	-0.02%
WHR	B	-0.02%
BEN	C	-0.02%
NOV	C	-0.02%
MAT	D	-0.02%
MTH	D	-0.02%
VFC	C	-0.02%
MTN	C	-0.02%
ONB	B	-0.02%
DINO	D	-0.02%
CGNX	C	-0.02%
DAR	C	-0.02%
TILE	B	-0.01%
TDOC	C	-0.01%
TNC	D	-0.01%
BKE	B	-0.01%
PDCO	D	-0.01%
LZB	B	-0.01%
WWW	B	-0.01%
LCID	F	-0.01%
CABO	C	-0.01%
CAR	C	-0.01%
UAA	C	-0.01%
FL	F	-0.01%
KSS	F	-0.01%
JWN	C	-0.01%
WLY	B	-0.01%
CPRI	F	-0.01%
MTX	B	-0.01%
ICFI	F	-0.01%
ZI	D	-0.01%
HNI	B	-0.01%
ARCB	C	-0.01%
RNG	B	-0.01%
AVA	A	-0.01%
HBI	B	-0.01%
TDC	D	-0.01%
MAN	D	-0.01%
BOH	B	-0.01%
COLM	B	-0.01%
WU	D	-0.01%
PCH	D	-0.01%
CDP	C	-0.01%
NWL	B	-0.01%
MDU	D	-0.01%
CATY	B	-0.01%
XRAY	F	-0.01%
IBOC	A	-0.01%
SEM	B	-0.01%
ASGN	F	-0.01%
MAC	B	-0.01%
HOUS	D	-0.0%
RDUS	C	-0.0%
KELYA	F	-0.0%
ACCO	C	-0.0%
CMP	C	-0.0%
SCHL	D	-0.0%
ETD	C	-0.0%
HAIN	C	-0.0%
HSII	B	-0.0%
ODP	F	-0.0%
JACK	D	-0.0%
CLB	B	-0.0%
DLX	B	-0.0%
XRX	F	-0.0%
SCS	C	-0.0%
MD	B	-0.0%
MODG	F	-0.0%
UNFI	A	-0.0%
UA	C	-0.0%