NACP vs. FFTY ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Innovator IBD 50 Fund ETF (FFTY)

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

FFTY

Innovator IBD 50 Fund ETF

FFTY Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in companies included in the IBD® 50 Index. It is actively managed. Under normal circumstances, the fund will invest in a portfolio of U.S.-listed, exchange-traded equities. FFTY picks 50 leading growth companies that trade on US exchanges, potentially including ADRs. After screening out securities with extreme recent price movements, the universe is ranked by a composite of 11 different fundamental and technical metrics. The top 50 stocks are weighted in tiers, with more weight given to higher-ranking companies. Components of the index are reviewed on a weekly basis. Based on market-wide technical signals, FFTY may substitute half of its equity portfolio with Treasury bills. The index will remain half equity, half T-bills until a reversal signal occurs. Its worth noting that the funds high-turnover strategy could lead to poor tracking and/or taxable capital gains payouts.

Grade (RS Rating)

Last Trade

$26.97

Average Daily Volume

151,691

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	FFTY
30 Days	2.07%	3.97%
60 Days	3.38%	-0.04%
90 Days	3.52%	-3.26%
12 Months	30.45%	20.26%

5 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in FFTY	Overlap
AXP	B	0.56%	0.5%	0.5%
C	C	0.45%	0.51%	0.45%
GOOGL	D	2.41%	3.02%	2.41%
NVDA	D	4.9%	3.7%	3.7%
RCL	B	0.12%	3.09%	0.12%

NACP Overweight 191 Positions Relative to FFTY

Symbol	Grade	Weight
AAPL	C	5.03%
MSFT	C	4.63%
AMZN	C	4.47%
META	B	3.63%
ACN	C	3.58%
QCOM	D	3.18%
IBM	B	3.08%
JPM	D	2.39%
UBER	C	2.29%
VZ	B	2.26%
TSLA	C	2.22%
GOOG	D	2.16%
XOM	C	2.0%
UNH	C	1.95%
PANW	D	1.81%
MU	F	1.75%
V	C	1.53%
INTC	F	1.52%
JNJ	C	1.44%
MA	B	1.4%
ABBV	C	1.22%
CVX	D	1.04%
MRK	D	1.03%
KO	C	0.99%
BAC	D	0.99%
PEP	C	0.92%
TMO	B	0.83%
WMT	C	0.73%
ABT	C	0.69%
GE	B	0.69%
NEE	C	0.66%
DHR	B	0.64%
HPQ	D	0.62%
PFE	C	0.62%
UNP	C	0.56%
SPGI	B	0.55%
DELL	D	0.54%
LOW	B	0.51%
COP	D	0.49%
ELV	C	0.47%
MS	D	0.47%
HON	D	0.46%
EA	D	0.45%
T	C	0.45%
ETN	C	0.44%
MDT	C	0.42%
PLD	C	0.42%
BSX	B	0.41%
ADP	B	0.4%
BA	F	0.38%
MELI	B	0.38%
CI	C	0.37%
DE	B	0.36%
MDLZ	B	0.36%
NKE	D	0.36%
BMY	C	0.35%
UPS	D	0.35%
GILD	B	0.35%
SO	B	0.35%
SCHW	D	0.33%
DUK	C	0.32%
EQIX	C	0.29%
TT	B	0.29%
NOC	B	0.29%
PNC	B	0.27%
CVS	D	0.27%
PYPL	B	0.27%
ITW	C	0.27%
MMM	B	0.26%
MCO	B	0.26%
FDX	C	0.25%
FCX	D	0.25%
AON	B	0.24%
CSX	D	0.24%
MPC	F	0.23%
BDX	D	0.23%
PSX	F	0.22%
TFC	C	0.22%
NEM	B	0.22%
EMR	D	0.22%
ECL	B	0.21%
NSC	C	0.2%
WMB	B	0.19%
AEP	C	0.19%
MAR	C	0.19%
OKE	B	0.18%
SRE	C	0.18%
TRV	C	0.18%
CCI	C	0.18%
D	C	0.18%
GM	C	0.18%
URI	B	0.18%
MET	B	0.17%
BK	B	0.17%
VLO	F	0.17%
JCI	B	0.17%
HLT	B	0.17%
LNG	C	0.16%
IPG	C	0.16%
LHX	C	0.16%
KMI	B	0.15%
HES	F	0.15%
EXC	C	0.15%
CMI	C	0.15%
EW	F	0.15%
F	F	0.15%
DD	B	0.14%
PEG	B	0.14%
A	C	0.14%
HWM	B	0.14%
OTIS	C	0.13%
KR	C	0.13%
AME	C	0.13%
VRSK	D	0.13%
VMC	D	0.12%
IR	C	0.12%
MLM	D	0.12%
XEL	B	0.12%
ED	C	0.12%
KHC	C	0.12%
AVB	B	0.11%
ROK	D	0.11%
EBAY	B	0.11%
VST	C	0.11%
EIX	C	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	C	0.11%
HSY	C	0.1%
DVN	F	0.1%
WEC	C	0.1%
PPG	D	0.1%
BIIB	F	0.1%
PCG	C	0.09%
TROW	D	0.09%
IFF	B	0.09%
DAL	C	0.09%
SYF	C	0.08%
APTV	D	0.08%
SBAC	C	0.08%
PPL	C	0.08%
FE	C	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	C	0.08%
NRG	C	0.07%
LII	B	0.07%
EXPD	C	0.07%
CMS	C	0.07%
TSN	C	0.07%
CLX	C	0.07%
BAH	C	0.07%
BAX	C	0.07%
K	B	0.07%
ILMN	C	0.07%
HBAN	B	0.07%
RF	B	0.07%
SWK	B	0.06%
LUV	C	0.06%
DOC	C	0.06%
DGX	B	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	C	0.05%
AMH	C	0.05%
NI	B	0.05%
OC	D	0.05%
ACM	B	0.05%
NDSN	C	0.05%
UAL	C	0.05%
LNT	B	0.05%
AES	C	0.05%
JBHT	D	0.05%
BG	D	0.05%
CF	C	0.05%
CPB	C	0.04%
REG	C	0.04%
LECO	F	0.04%
TFX	C	0.04%
ALB	D	0.04%
EMN	B	0.04%
USFD	B	0.04%
WBA	F	0.03%
BWA	D	0.03%
SCCO	D	0.03%
PFG	B	0.03%
MOS	F	0.03%
HRL	C	0.03%
CNH	D	0.03%
TAP	D	0.03%

NACP Underweight 45 Positions Relative to FFTY

Symbol	Grade	Weight
ARM	D	-3.85%
CAMT	F	-3.71%
MMYT	B	-3.63%
ANET	B	-3.54%
CLS	D	-3.49%
NSSC	F	-3.46%
CRWD	D	-3.46%
TMDX	C	-3.43%
HIMS	D	-3.37%
ALNY	C	-3.05%
BWIN	B	-3.0%
NFLX	B	-2.99%
ELF	F	-2.99%
NVO	C	-2.91%
STEP	B	-2.87%
WING	B	-2.78%
CMRE	D	-2.71%
TGTX	C	-2.15%
PLTR	B	-2.09%
PSTG	F	-2.07%
VITL	D	-2.06%
HUT	D	-2.02%
MNDY	B	-1.98%
FN	D	-1.96%
NTRA	C	-1.95%
BROS	D	-1.95%
FRPT	B	-1.93%
MIRM	D	-1.07%
TWST	D	-1.05%
UTHR	C	-1.01%
APPF	D	-0.99%
KKR	B	-0.98%
IBKR	B	-0.97%
AX	D	-0.97%
SRPT	D	-0.96%
TOST	C	-0.95%
NOW	B	-0.93%
ONTO	D	-0.52%
AVGO	C	-0.52%
HEI	B	-0.5%
CTAS	B	-0.5%
SNPS	D	-0.49%
RYAN	D	-0.49%
KSPI	F	-0.49%
ASND	C	-0.49%