NACP vs. FVD ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to First Trust VL Dividend (FVD)

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

FVD

First Trust VL Dividend

FVD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.24

Average Daily Volume

487,998

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	NACP	FVD
30 Days	2.08%	1.87%
60 Days	4.48%	2.34%
90 Days	6.57%	4.86%
12 Months	32.92%	22.35%

75 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in FVD	Overlap
ABBV	D	1.22%	0.42%	0.42%
ABT	B	0.69%	0.46%	0.46%
ACN	C	3.58%	0.45%	0.45%
ADP	B	0.4%	0.48%	0.4%
AEP	D	0.19%	0.44%	0.19%
BAH	F	0.07%	0.44%	0.07%
BAX	D	0.07%	0.4%	0.07%
BDX	F	0.23%	0.44%	0.23%
BK	A	0.17%	0.48%	0.17%
BMY	B	0.35%	0.52%	0.35%
CLX	B	0.07%	0.48%	0.07%
CMI	A	0.15%	0.51%	0.15%
CMS	C	0.07%	0.44%	0.07%
CPB	D	0.04%	0.44%	0.04%
CSX	B	0.24%	0.49%	0.24%
CVX	A	1.04%	0.5%	0.5%
DE	A	0.36%	0.45%	0.36%
DGX	A	0.06%	0.49%	0.06%
DTE	C	0.08%	0.43%	0.08%
DUK	C	0.32%	0.43%	0.32%
ED	D	0.12%	0.42%	0.12%
EIX	B	0.11%	0.45%	0.11%
EMR	A	0.22%	0.54%	0.22%
EQIX	A	0.29%	0.47%	0.29%
ES	D	0.08%	0.43%	0.08%
ETR	B	0.08%	0.51%	0.08%
EXC	C	0.15%	0.44%	0.15%
EXPD	D	0.07%	0.47%	0.07%
GILD	C	0.35%	0.5%	0.35%
HON	B	0.46%	0.48%	0.46%
HRL	D	0.03%	0.45%	0.03%
HSY	F	0.1%	0.45%	0.1%
IBM	C	3.08%	0.42%	0.42%
ITW	B	0.27%	0.49%	0.27%
JCI	C	0.17%	0.51%	0.17%
JNJ	D	1.44%	0.43%	0.43%
JPM	A	2.39%	0.5%	0.5%
K	A	0.07%	0.46%	0.07%
KHC	F	0.12%	0.42%	0.12%
KO	D	0.99%	0.42%	0.42%
KR	B	0.13%	0.49%	0.13%
LECO	B	0.04%	0.48%	0.04%
LHX	C	0.16%	0.46%	0.16%
LNT	A	0.05%	0.45%	0.05%
LOW	D	0.51%	0.45%	0.45%
MDLZ	F	0.36%	0.43%	0.36%
MDT	D	0.42%	0.44%	0.42%
MMM	D	0.26%	0.46%	0.26%
MRK	F	1.03%	0.43%	0.43%
MS	A	0.47%	0.52%	0.47%
NDAQ	A	0.08%	0.49%	0.08%
NDSN	B	0.05%	0.47%	0.05%
NI	A	0.05%	0.48%	0.05%
NKE	D	0.36%	0.43%	0.36%
NOC	D	0.29%	0.44%	0.29%
NSC	B	0.2%	0.5%	0.2%
OTIS	C	0.13%	0.44%	0.13%
PEG	A	0.14%	0.45%	0.14%
PEP	F	0.92%	0.44%	0.44%
PFE	D	0.62%	0.42%	0.42%
PPG	F	0.1%	0.45%	0.1%
PPL	B	0.08%	0.47%	0.08%
SJM	D	0.05%	0.43%	0.05%
SO	D	0.35%	0.44%	0.35%
SRE	A	0.18%	0.5%	0.18%
T	A	0.45%	0.48%	0.45%
TROW	B	0.09%	0.49%	0.09%
TRV	B	0.18%	0.46%	0.18%
UNH	C	1.95%	0.48%	0.48%
UNP	C	0.56%	0.46%	0.46%
UPS	C	0.35%	0.47%	0.35%
VZ	C	2.26%	0.43%	0.43%
WEC	A	0.1%	0.45%	0.1%
XEL	A	0.12%	0.51%	0.12%
XOM	B	2.0%	0.47%	0.47%

NACP Overweight 122 Positions Relative to FVD

Symbol	Grade	Weight
AAPL	C	5.03%
NVDA	C	4.9%
MSFT	F	4.63%
AMZN	C	4.47%
META	D	3.63%
QCOM	F	3.18%
GOOGL	C	2.41%
UBER	D	2.29%
TSLA	B	2.22%
GOOG	C	2.16%
PANW	C	1.81%
MU	D	1.75%
V	A	1.53%
INTC	D	1.52%
MA	C	1.4%
BAC	A	0.99%
TMO	F	0.83%
WMT	A	0.73%
GE	D	0.69%
NEE	D	0.66%
DHR	F	0.64%
HPQ	B	0.62%
AXP	A	0.56%
SPGI	C	0.55%
DELL	C	0.54%
COP	C	0.49%
ELV	F	0.47%
C	A	0.45%
EA	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%
SCHW	B	0.33%
TT	A	0.29%
PNC	B	0.27%
CVS	D	0.27%
PYPL	B	0.27%
MCO	B	0.26%
FDX	B	0.25%
FCX	D	0.25%
AON	A	0.24%
MPC	D	0.23%
PSX	C	0.22%
TFC	A	0.22%
NEM	D	0.22%
ECL	D	0.21%
WMB	A	0.19%
MAR	B	0.19%
OKE	A	0.18%
CCI	D	0.18%
D	C	0.18%
GM	B	0.18%
URI	B	0.18%
MET	A	0.17%
VLO	C	0.17%
HLT	A	0.17%
LNG	B	0.16%
IPG	D	0.16%
KMI	A	0.15%
HES	B	0.15%
EW	C	0.15%
F	C	0.15%
DD	D	0.14%
A	D	0.14%
HWM	A	0.14%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	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%
BIIB	F	0.1%
PCG	A	0.09%
IFF	D	0.09%
DAL	C	0.09%
SYF	B	0.08%
APTV	D	0.08%
SBAC	D	0.08%
FE	C	0.08%
NRG	B	0.07%
LII	A	0.07%
TSN	B	0.07%
LH	C	0.07%
ILMN	D	0.07%
HBAN	A	0.07%
RF	A	0.07%
SWK	D	0.06%
LUV	C	0.06%
DOC	D	0.06%
HUBB	B	0.06%
TXT	D	0.06%
AMH	D	0.05%
OC	A	0.05%
ACM	A	0.05%
UAL	A	0.05%
AES	F	0.05%
JBHT	C	0.05%
BG	F	0.05%
CF	B	0.05%
REG	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%
PFG	D	0.03%
MOS	F	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 126 Positions Relative to FVD

Symbol	Grade	Weight
GRMN	B	-0.59%
GATX	A	-0.54%
G	B	-0.54%
CBSH	A	-0.54%
GS	A	-0.53%
DTM	B	-0.53%
PINC	B	-0.53%
RHI	B	-0.53%
AIZ	A	-0.52%
INGR	B	-0.52%
IDA	A	-0.52%
SEIC	B	-0.52%
MO	A	-0.52%
IOSP	B	-0.51%
IEX	B	-0.51%
SNA	A	-0.51%
WSO	A	-0.5%
HLI	B	-0.5%
LANC	C	-0.5%
CMCSA	B	-0.5%
UVV	B	-0.5%
PKG	A	-0.5%
WERN	C	-0.5%
PM	B	-0.5%
WTW	B	-0.5%
WDFC	B	-0.5%
BLK	C	-0.49%
WM	A	-0.49%
CPK	A	-0.49%
NEU	C	-0.49%
SLGN	A	-0.49%
CTSH	B	-0.49%
TXN	C	-0.49%
FAST	B	-0.49%
THG	A	-0.49%
OTTR	C	-0.48%
DCI	B	-0.48%
CSCO	B	-0.48%
CHRW	C	-0.48%
TM	D	-0.48%
EVRG	A	-0.48%
SBUX	A	-0.48%
GNTX	C	-0.48%
SCL	C	-0.48%
PAYX	C	-0.48%
BKH	A	-0.48%
SWX	B	-0.48%
BTI	B	-0.48%
TJX	A	-0.48%
MSM	C	-0.48%
PNW	B	-0.48%
BR	A	-0.48%
BRC	D	-0.47%
AGR	B	-0.47%
ALE	A	-0.47%
NWN	A	-0.47%
OGS	A	-0.47%
STZ	D	-0.47%
SXT	B	-0.47%
NJR	A	-0.47%
ATO	A	-0.47%
ALL	A	-0.47%
MSEX	B	-0.47%
AEE	A	-0.47%
TGT	F	-0.47%
YUM	B	-0.47%
SIGI	C	-0.47%
CNI	D	-0.46%
INFY	B	-0.46%
CME	A	-0.46%
DLB	B	-0.46%
PG	A	-0.46%
AWR	B	-0.46%
NWE	B	-0.46%
CAT	B	-0.46%
CALM	A	-0.46%
SR	A	-0.46%
POOL	C	-0.46%
MMC	B	-0.46%
HD	A	-0.46%
TD	F	-0.46%
PSA	D	-0.46%
JJSF	B	-0.46%
SNX	C	-0.45%
TAK	F	-0.45%
MKC	D	-0.45%
SON	D	-0.45%
CB	C	-0.45%
NFG	A	-0.45%
FLO	D	-0.45%
CNA	B	-0.45%
AFL	B	-0.45%
JNPR	F	-0.45%
AWK	D	-0.44%
ADI	D	-0.44%
TSCO	D	-0.44%
CWT	D	-0.44%
GIS	D	-0.44%
RTX	C	-0.44%
POR	C	-0.44%
WTRG	B	-0.44%
MCD	D	-0.44%
GD	F	-0.44%
DOX	D	-0.44%
APD	A	-0.44%
CL	D	-0.43%
MMS	F	-0.43%
UL	D	-0.43%
REYN	D	-0.43%
AVY	D	-0.43%
AOS	F	-0.43%
CAG	D	-0.43%
RIO	D	-0.43%
TSM	B	-0.43%
AMGN	D	-0.43%
NVS	D	-0.42%
GSK	F	-0.42%
KDP	D	-0.42%
SJW	D	-0.42%
KMB	D	-0.42%
DEO	F	-0.41%
LMT	D	-0.41%
SNY	F	-0.41%
AZN	D	-0.39%
HMC	F	-0.39%
HII	D	-0.35%