NACP vs. GSIG ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG)

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

$41.34

Average Daily Volume

3,508

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

GSIG

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF

GSIG Description

Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF is an exchange traded fund launched and managed by Goldman Sachs Asset Management, L.P. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating in financials, industrial, and utilities sector. The fund invests in investment grade, corporate bonds denominated in U.S. dollars with remaining maturities between one and five years and that are rated at least BBB- by S&P or Baa3 by Moody's. It seeks to track the performance of the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, by employing representative sampling technique. Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$47.34

Average Daily Volume

293

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	NACP	GSIG
30 Days	4.72%	0.14%
60 Days	11.57%	1.17%
90 Days	3.46%	2.65%
12 Months	35.78%	6.70%

63 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in GSIG	Overlap
AAPL	C	5.03%	0.59%	0.59%
ABBV	C	1.22%	0.32%	0.32%
AEP	C	0.19%	0.16%	0.16%
AMZN	C	4.47%	0.56%	0.56%
APTV	D	0.08%	0.18%	0.08%
AXP	A	0.56%	0.23%	0.23%
BA	F	0.38%	0.34%	0.34%
BAC	B	0.99%	0.33%	0.33%
BDX	C	0.23%	0.2%	0.2%
C	B	0.45%	0.22%	0.22%
CCI	D	0.18%	0.65%	0.18%
CI	D	0.37%	0.34%	0.34%
COP	D	0.49%	0.23%	0.23%
CVS	D	0.27%	0.07%	0.07%
CVX	B	1.04%	0.44%	0.44%
DE	C	0.36%	0.21%	0.21%
DELL	C	0.54%	0.3%	0.3%
DGX	D	0.06%	0.44%	0.06%
DTE	B	0.08%	0.4%	0.08%
DUK	C	0.32%	0.34%	0.32%
EBAY	A	0.11%	0.17%	0.11%
EXC	C	0.15%	0.75%	0.15%
GILD	A	0.35%	0.22%	0.22%
GM	D	0.18%	0.22%	0.18%
HBAN	B	0.07%	0.57%	0.07%
HPQ	B	0.62%	0.25%	0.25%
IBM	A	3.08%	0.51%	0.51%
INTC	D	1.52%	0.32%	0.32%
JNJ	D	1.44%	0.21%	0.21%
JPM	C	2.39%	0.2%	0.2%
KMI	A	0.15%	0.22%	0.15%
LHX	A	0.16%	0.23%	0.16%
LUV	B	0.06%	0.23%	0.06%
MAR	A	0.19%	0.12%	0.12%
MET	A	0.17%	0.52%	0.17%
MPC	D	0.23%	0.16%	0.16%
MS	A	0.47%	0.16%	0.16%
MSFT	D	4.63%	0.37%	0.37%
MU	D	1.75%	0.61%	0.61%
NEE	C	0.66%	0.32%	0.32%
NKE	D	0.36%	0.46%	0.36%
NOC	B	0.29%	0.28%	0.28%
PCG	C	0.09%	0.17%	0.09%
PEP	F	0.92%	0.28%	0.28%
PNC	C	0.27%	0.3%	0.27%
QCOM	D	3.18%	0.34%	0.34%
SCHW	D	0.33%	0.22%	0.22%
SO	A	0.35%	0.17%	0.17%
SRE	C	0.18%	0.33%	0.18%
SYF	A	0.08%	0.11%	0.08%
T	B	0.45%	0.22%	0.22%
TFC	D	0.22%	0.51%	0.22%
TMO	D	0.83%	0.26%	0.26%
TSN	D	0.07%	0.22%	0.07%
UAL	A	0.05%	0.21%	0.05%
UNP	F	0.56%	0.61%	0.56%
V	B	1.53%	0.44%	0.44%
VLO	F	0.17%	0.21%	0.17%
VZ	C	2.26%	0.2%	0.2%
WBA	F	0.03%	0.69%	0.03%
WMB	A	0.19%	0.22%	0.19%
XEL	C	0.12%	0.26%	0.12%
XOM	A	2.0%	0.43%	0.43%

NACP Overweight 133 Positions Relative to GSIG

Symbol	Grade	Weight
NVDA	B	4.9%
META	A	3.63%
ACN	B	3.58%
GOOGL	B	2.41%
UBER	C	2.29%
TSLA	C	2.22%
GOOG	B	2.16%
UNH	B	1.95%
PANW	B	1.81%
MA	A	1.4%
MRK	F	1.03%
KO	C	0.99%
WMT	A	0.73%
ABT	C	0.69%
GE	B	0.69%
DHR	D	0.64%
PFE	D	0.62%
SPGI	C	0.55%
LOW	C	0.51%
ELV	F	0.47%
HON	C	0.46%
EA	D	0.45%
ETN	B	0.44%
MDT	C	0.42%
PLD	D	0.42%
BSX	A	0.41%
ADP	A	0.4%
MELI	D	0.38%
MDLZ	D	0.36%
BMY	A	0.35%
UPS	D	0.35%
EQIX	C	0.29%
TT	A	0.29%
PYPL	A	0.27%
ITW	C	0.27%
MMM	C	0.26%
MCO	D	0.26%
FDX	F	0.25%
FCX	B	0.25%
AON	A	0.24%
CSX	D	0.24%
PSX	D	0.22%
NEM	C	0.22%
EMR	B	0.22%
ECL	C	0.21%
NSC	C	0.2%
OKE	A	0.18%
TRV	B	0.18%
D	A	0.18%
URI	C	0.18%
BK	A	0.17%
JCI	C	0.17%
HLT	A	0.17%
LNG	A	0.16%
IPG	D	0.16%
HES	D	0.15%
CMI	A	0.15%
EW	F	0.15%
F	D	0.15%
DD	C	0.14%
PEG	A	0.14%
A	B	0.14%
HWM	A	0.14%
OTIS	A	0.13%
KR	C	0.13%
AME	C	0.13%
VRSK	D	0.13%
VMC	D	0.12%
IR	A	0.12%
MLM	F	0.12%
ED	C	0.12%
KHC	F	0.12%
RCL	B	0.12%
AVB	C	0.11%
ROK	D	0.11%
VST	A	0.11%
EIX	C	0.11%
ADM	F	0.11%
RMD	C	0.11%
XYL	C	0.11%
HSY	D	0.1%
DVN	F	0.1%
WEC	B	0.1%
PPG	D	0.1%
BIIB	F	0.1%
TROW	D	0.09%
IFF	D	0.09%
DAL	C	0.09%
SBAC	C	0.08%
PPL	C	0.08%
FE	C	0.08%
ETR	A	0.08%
NDAQ	C	0.08%
ES	D	0.08%
NRG	A	0.07%
LII	C	0.07%
EXPD	D	0.07%
CMS	A	0.07%
CLX	C	0.07%
BAH	C	0.07%
BAX	D	0.07%
K	B	0.07%
ILMN	B	0.07%
RF	B	0.07%
SWK	C	0.06%
DOC	C	0.06%
HUBB	A	0.06%
TXT	F	0.06%
SJM	D	0.05%
AMH	D	0.05%
NI	A	0.05%
OC	C	0.05%
ACM	A	0.05%
NDSN	C	0.05%
LNT	B	0.05%
AES	C	0.05%
JBHT	D	0.05%
BG	F	0.05%
CF	A	0.05%
CPB	D	0.04%
REG	C	0.04%
LECO	D	0.04%
TFX	C	0.04%
ALB	D	0.04%
EMN	C	0.04%
USFD	C	0.04%
BWA	C	0.03%
SCCO	B	0.03%
PFG	A	0.03%
MOS	F	0.03%
HRL	F	0.03%
CNH	C	0.03%
TAP	D	0.03%

NACP Underweight 74 Positions Relative to GSIG

Symbol	Grade	Weight
MUFG	D	-1.06%
USB	C	-1.02%
HSBC	A	-1.0%
MMC	D	-0.82%
PH	A	-0.76%
AMT	D	-0.73%
ALLY	F	-0.72%
DB	A	-0.66%
AMGN	D	-0.65%
BNS	C	-0.65%
CM	C	-0.64%
FOXA	B	-0.63%
DLTR	F	-0.62%
VFC	A	-0.6%
AER	C	-0.59%
ORLY	A	-0.44%
ET	A	-0.43%
LH	D	-0.43%
LIN	C	-0.43%
HAL	D	-0.42%
WM	B	-0.39%
CMCSA	B	-0.39%
PM	D	-0.38%
TGT	C	-0.37%
RY	C	-0.37%
LYB	B	-0.36%
NWG	B	-0.35%
SYY	D	-0.34%
LEN	C	-0.34%
TD	B	-0.34%
GIS	C	-0.33%
HPE	B	-0.33%
AN	D	-0.32%
CP	C	-0.32%
STT	A	-0.32%
MPLX	B	-0.31%
TMUS	A	-0.3%
MO	D	-0.3%
AZN	D	-0.29%
PCAR	D	-0.29%
WFC	B	-0.28%
R	C	-0.27%
VOD	D	-0.27%
HCA	C	-0.27%
EFX	D	-0.25%
ARCC	A	-0.25%
STZ	D	-0.24%
PAA	B	-0.23%
DHI	C	-0.23%
CHTR	D	-0.23%
AVGO	B	-0.23%
LMT	A	-0.22%
EPD	A	-0.22%
COF	A	-0.22%
ZBH	F	-0.21%
FITB	C	-0.21%
GPN	F	-0.21%
ORCL	A	-0.21%
CAT	A	-0.2%
CE	D	-0.19%
ROST	D	-0.18%
CNA	D	-0.17%
VOYA	A	-0.17%
RSG	D	-0.17%
SNX	C	-0.16%
LVS	B	-0.16%
CARR	A	-0.15%
BMO	B	-0.15%
NXPI	F	-0.13%
PRU	B	-0.13%
JEF	A	-0.13%
NUE	D	-0.09%
DIS	D	-0.09%
GLPI	C	-0.09%