NACP vs. ILCB ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to iShares Morningstar U.S. Equity ETF (ILCB)

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

$40.97

Average Daily Volume

3,870

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. 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. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$78.59

Average Daily Volume

57,707

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	NACP	ILCB
30 Days	1.57%	0.91%
60 Days	7.22%	6.91%
90 Days	2.89%	3.24%
12 Months	35.44%	35.80%

194 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in ILCB	Overlap
A	B	0.14%	0.08%	0.08%
AAPL	C	5.03%	6.51%	5.03%
ABBV	A	1.22%	0.68%	0.68%
ABT	B	0.69%	0.39%	0.39%
ACM	A	0.05%	0.03%	0.03%
ACN	B	3.58%	0.42%	0.42%
ADM	D	0.11%	0.06%	0.06%
ADP	A	0.4%	0.22%	0.22%
AEP	C	0.19%	0.11%	0.11%
AES	B	0.05%	0.03%	0.03%
ALB	D	0.04%	0.02%	0.02%
AME	D	0.13%	0.08%	0.08%
AMH	D	0.05%	0.03%	0.03%
AMZN	C	4.47%	3.61%	3.61%
AON	A	0.24%	0.15%	0.15%
APTV	D	0.08%	0.03%	0.03%
AVB	C	0.11%	0.06%	0.06%
AXP	A	0.56%	0.3%	0.3%
BA	F	0.38%	0.19%	0.19%
BAC	D	0.99%	0.54%	0.54%
BAH	A	0.07%	0.04%	0.04%
BAX	D	0.07%	0.04%	0.04%
BDX	B	0.23%	0.13%	0.13%
BG	F	0.05%	0.03%	0.03%
BIIB	F	0.1%	0.06%	0.06%
BK	C	0.17%	0.11%	0.11%
BMY	B	0.35%	0.2%	0.2%
BSX	A	0.41%	0.24%	0.24%
C	B	0.45%	0.24%	0.24%
CCI	C	0.18%	0.1%	0.1%
CF	A	0.05%	0.03%	0.03%
CI	D	0.37%	0.2%	0.2%
CLX	B	0.07%	0.04%	0.04%
CMI	B	0.15%	0.08%	0.08%
CMS	A	0.07%	0.04%	0.04%
CNH	B	0.03%	0.02%	0.02%
COP	D	0.49%	0.26%	0.26%
CPB	D	0.04%	0.02%	0.02%
CSX	D	0.24%	0.14%	0.14%
CVS	D	0.27%	0.14%	0.14%
CVX	B	1.04%	0.49%	0.49%
D	A	0.18%	0.1%	0.1%
DAL	C	0.09%	0.06%	0.06%
DD	B	0.14%	0.07%	0.07%
DE	A	0.36%	0.2%	0.2%
DELL	C	0.54%	0.06%	0.06%
DGX	B	0.06%	0.03%	0.03%
DHR	C	0.64%	0.35%	0.35%
DOC	C	0.06%	0.03%	0.03%
DTE	A	0.08%	0.05%	0.05%
DUK	A	0.32%	0.18%	0.18%
DVN	F	0.1%	0.05%	0.05%
EA	D	0.45%	0.07%	0.07%
EBAY	A	0.11%	0.06%	0.06%
ECL	B	0.21%	0.13%	0.13%
ED	A	0.12%	0.07%	0.07%
EIX	A	0.11%	0.07%	0.07%
ELV	F	0.47%	0.25%	0.25%
EMN	C	0.04%	0.03%	0.03%
EMR	B	0.22%	0.12%	0.12%
EQIX	B	0.29%	0.17%	0.17%
ES	C	0.08%	0.05%	0.05%
ETN	C	0.44%	0.26%	0.26%
ETR	A	0.08%	0.05%	0.05%
EW	F	0.15%	0.08%	0.08%
EXC	A	0.15%	0.08%	0.08%
EXPD	C	0.07%	0.03%	0.03%
F	D	0.15%	0.09%	0.09%
FCX	B	0.25%	0.13%	0.13%
FDX	D	0.25%	0.11%	0.11%
FE	B	0.08%	0.04%	0.04%
GE	C	0.69%	0.4%	0.4%
GILD	A	0.35%	0.21%	0.21%
GM	D	0.18%	0.11%	0.11%
GOOG	B	2.16%	1.71%	1.71%
GOOGL	B	2.41%	1.91%	1.91%
HBAN	D	0.07%	0.04%	0.04%
HES	D	0.15%	0.07%	0.07%
HLT	A	0.17%	0.11%	0.11%
HON	C	0.46%	0.26%	0.26%
HPQ	C	0.62%	0.07%	0.07%
HRL	F	0.03%	0.02%	0.02%
HSY	D	0.1%	0.06%	0.06%
HUBB	A	0.06%	0.04%	0.04%
HWM	A	0.14%	0.08%	0.08%
IBM	B	3.08%	0.4%	0.4%
IFF	C	0.09%	0.05%	0.05%
ILMN	B	0.07%	0.04%	0.04%
INTC	D	1.52%	0.19%	0.19%
IPG	C	0.16%	0.02%	0.02%
IR	A	0.12%	0.08%	0.08%
ITW	A	0.27%	0.15%	0.15%
JBHT	D	0.05%	0.03%	0.03%
JCI	B	0.17%	0.1%	0.1%
JNJ	D	1.44%	0.79%	0.79%
JPM	D	2.39%	1.19%	1.19%
K	B	0.07%	0.04%	0.04%
KHC	D	0.12%	0.06%	0.06%
KMI	A	0.15%	0.09%	0.09%
KO	C	0.99%	0.56%	0.56%
KR	C	0.13%	0.07%	0.07%
LECO	D	0.04%	0.02%	0.02%
LHX	A	0.16%	0.09%	0.09%
LII	C	0.07%	0.04%	0.04%
LNG	A	0.16%	0.08%	0.08%
LNT	A	0.05%	0.03%	0.03%
LOW	A	0.51%	0.3%	0.3%
LUV	B	0.06%	0.03%	0.03%
MA	A	1.4%	0.8%	0.8%
MAR	B	0.19%	0.11%	0.11%
MCO	D	0.26%	0.16%	0.16%
MDLZ	C	0.36%	0.2%	0.2%
MDT	B	0.42%	0.23%	0.23%
MELI	C	0.38%	0.21%	0.21%
MET	A	0.17%	0.1%	0.1%
META	A	3.63%	2.45%	2.45%
MLM	D	0.12%	0.07%	0.07%
MMM	C	0.26%	0.15%	0.15%
MOS	D	0.03%	0.02%	0.02%
MPC	F	0.23%	0.11%	0.11%
MRK	F	1.03%	0.59%	0.59%
MS	B	0.47%	0.25%	0.25%
MSFT	D	4.63%	6.44%	4.63%
MU	D	1.75%	0.2%	0.2%
NDAQ	C	0.08%	0.06%	0.06%
NDSN	B	0.05%	0.03%	0.03%
NEE	A	0.66%	0.34%	0.34%
NEM	C	0.22%	0.12%	0.12%
NI	A	0.05%	0.03%	0.03%
NKE	D	0.36%	0.2%	0.2%
NOC	B	0.29%	0.15%	0.15%
NRG	A	0.07%	0.04%	0.04%
NSC	C	0.2%	0.11%	0.11%
NVDA	C	4.9%	5.48%	4.9%
OC	C	0.05%	0.03%	0.03%
OKE	B	0.18%	0.11%	0.11%
OTIS	A	0.13%	0.08%	0.08%
PANW	D	1.81%	0.22%	0.22%
PCG	B	0.09%	0.09%	0.09%
PEG	A	0.14%	0.09%	0.09%
PEP	D	0.92%	0.47%	0.47%
PFE	D	0.62%	0.33%	0.33%
PFG	C	0.03%	0.04%	0.03%
PLD	D	0.42%	0.23%	0.23%
PNC	C	0.27%	0.15%	0.15%
PPG	D	0.1%	0.06%	0.06%
PPL	A	0.08%	0.05%	0.05%
PSX	D	0.22%	0.11%	0.11%
PYPL	C	0.27%	0.16%	0.16%
QCOM	D	3.18%	0.38%	0.38%
RCL	C	0.12%	0.08%	0.08%
REG	C	0.04%	0.02%	0.02%
RF	C	0.07%	0.04%	0.04%
RMD	C	0.11%	0.07%	0.07%
ROK	D	0.11%	0.06%	0.06%
SBAC	B	0.08%	0.05%	0.05%
SCHW	D	0.33%	0.19%	0.19%
SJM	C	0.05%	0.02%	0.02%
SO	A	0.35%	0.19%	0.19%
SPGI	C	0.55%	0.33%	0.33%
SRE	A	0.18%	0.1%	0.1%
SWK	A	0.06%	0.03%	0.03%
SYF	B	0.08%	0.04%	0.04%
T	A	0.45%	0.31%	0.31%
TAP	D	0.03%	0.02%	0.02%
TFC	D	0.22%	0.11%	0.11%
TFX	C	0.04%	0.02%	0.02%
TMO	C	0.83%	0.47%	0.47%
TROW	D	0.09%	0.05%	0.05%
TRV	C	0.18%	0.11%	0.11%
TSLA	C	2.22%	1.32%	1.32%
TSN	D	0.07%	0.03%	0.03%
TT	A	0.29%	0.17%	0.17%
TXT	F	0.06%	0.03%	0.03%
UAL	B	0.05%	0.03%	0.03%
UBER	C	2.29%	0.3%	0.3%
UNH	B	1.95%	1.05%	1.05%
UNP	D	0.56%	0.3%	0.3%
UPS	D	0.35%	0.19%	0.19%
URI	C	0.18%	0.1%	0.1%
USFD	C	0.04%	0.03%	0.03%
V	C	1.53%	0.95%	0.95%
VLO	F	0.17%	0.09%	0.09%
VMC	D	0.12%	0.07%	0.07%
VRSK	D	0.13%	0.07%	0.07%
VST	A	0.11%	0.07%	0.07%
VZ	A	2.26%	0.37%	0.37%
WBA	F	0.03%	0.01%	0.01%
WEC	A	0.1%	0.06%	0.06%
WMB	A	0.19%	0.11%	0.11%
WMT	A	0.73%	0.68%	0.68%
XEL	A	0.12%	0.07%	0.07%
XOM	A	2.0%	1.02%	1.02%
XYL	C	0.11%	0.06%	0.06%

NACP Overweight 2 Positions Relative to ILCB

	Symbol	Grade	Weight
	BWA	B	0.03%
	SCCO	B	0.03%

NACP Underweight 420 Positions Relative to ILCB

Symbol	Grade	Weight
BRK.A	C	-1.63%
AVGO	C	-1.56%
LLY	D	-1.55%
PG	C	-0.82%
COST	C	-0.8%
HD	A	-0.77%
NFLX	A	-0.6%
ORCL	B	-0.53%
AMD	D	-0.5%
CRM	B	-0.49%
ADBE	F	-0.46%
LIN	B	-0.45%
MCD	A	-0.43%
CSCO	A	-0.42%
WFC	D	-0.38%
NOW	C	-0.38%
TXN	C	-0.37%
PM	C	-0.37%
CAT	A	-0.36%
AMGN	D	-0.36%
INTU	F	-0.36%
DIS	D	-0.34%
ISRG	A	-0.34%
AMAT	B	-0.32%
GS	C	-0.32%
CMCSA	B	-0.31%
RTX	A	-0.31%
PGR	C	-0.3%
TJX	C	-0.27%
BKNG	C	-0.27%
BLK	A	-0.27%
SYK	C	-0.26%
VRTX	D	-0.24%
REGN	D	-0.24%
LMT	A	-0.24%
BX	C	-0.23%
SBUX	B	-0.22%
CB	A	-0.22%
AMT	C	-0.22%
MMC	D	-0.22%
ADI	C	-0.22%
ANET	A	-0.2%
LRCX	D	-0.2%
FI	A	-0.2%
KLAC	B	-0.2%
TMUS	A	-0.19%
ZTS	C	-0.18%
KKR	A	-0.18%
SHW	B	-0.18%
ICE	A	-0.18%
CL	D	-0.17%
MO	D	-0.17%
SNPS	F	-0.16%
APH	D	-0.16%
TDG	A	-0.16%
CEG	B	-0.16%
PH	A	-0.16%
MSI	A	-0.15%
PLTR	B	-0.15%
CDNS	D	-0.15%
WM	B	-0.15%
HCA	B	-0.15%
GD	A	-0.15%
WELL	C	-0.15%
CME	A	-0.15%
CMG	C	-0.15%
CRWD	D	-0.14%
CTAS	B	-0.14%
TGT	C	-0.14%
USB	C	-0.14%
EOG	B	-0.14%
MRVL	C	-0.13%
CRH	C	-0.13%
ORLY	A	-0.13%
APD	C	-0.13%
MCK	F	-0.13%
CARR	A	-0.13%
GEV	B	-0.13%
NXPI	F	-0.12%
ROP	C	-0.12%
AJG	D	-0.12%
SLB	D	-0.12%
O	A	-0.11%
AFL	A	-0.11%
ABNB	D	-0.11%
DHI	C	-0.11%
ADSK	B	-0.11%
PSA	C	-0.11%
COF	C	-0.11%
AIG	F	-0.1%
TTD	C	-0.1%
APO	A	-0.1%
FTNT	A	-0.1%
ALL	B	-0.1%
ROST	C	-0.1%
SPG	A	-0.1%
PCAR	D	-0.1%
DLR	C	-0.1%
AZO	D	-0.1%
WDAY	D	-0.1%
DASH	B	-0.09%
PAYX	A	-0.09%
LEN	B	-0.09%
MSCI	B	-0.09%
PRU	C	-0.09%
IQV	F	-0.09%
CPRT	B	-0.09%
TEL	D	-0.09%
AMP	A	-0.09%
GWW	A	-0.09%
FICO	A	-0.09%
KMB	B	-0.09%
FIS	C	-0.09%
EXR	C	-0.08%
CTSH	B	-0.08%
COR	F	-0.08%
IT	C	-0.08%
CNC	F	-0.08%
KVUE	C	-0.08%
FERG	F	-0.08%
STZ	B	-0.08%
CTVA	A	-0.08%
FAST	B	-0.08%
KDP	C	-0.08%
MCHP	F	-0.08%
RSG	D	-0.08%
GIS	C	-0.08%
MPWR	B	-0.08%
IDXX	D	-0.08%
PWR	B	-0.08%
ACGL	A	-0.08%
COIN	F	-0.07%
DDOG	D	-0.07%
IRM	A	-0.07%
TRGP	B	-0.07%
VRT	B	-0.07%
HIG	A	-0.07%
VICI	C	-0.07%
ALNY	C	-0.07%
GLW	B	-0.07%
NUE	D	-0.07%
GEHC	C	-0.07%
DFS	C	-0.07%
SNOW	F	-0.07%
MNST	D	-0.07%
YUM	A	-0.07%
BKR	B	-0.07%
DOW	B	-0.07%
ODFL	D	-0.07%
EFX	C	-0.07%
CBRE	A	-0.07%
SQ	D	-0.07%
SYY	B	-0.07%
HUM	F	-0.07%
DXCM	F	-0.06%
ANSS	D	-0.06%
AXON	A	-0.06%
GPN	F	-0.06%
NVR	A	-0.06%
AWK	B	-0.06%
ARES	A	-0.06%
LULU	D	-0.06%
FITB	C	-0.06%
CPNG	C	-0.06%
PHM	A	-0.06%
WTW	B	-0.06%
MTB	C	-0.06%
ON	F	-0.06%
TSCO	A	-0.06%
CDW	D	-0.06%
MTD	B	-0.06%
FANG	D	-0.06%
WAB	A	-0.06%
CSGP	F	-0.06%
VEEV	C	-0.06%
OXY	F	-0.06%
CHTR	D	-0.06%
AEE	A	-0.05%
SMCI	F	-0.05%
DECK	B	-0.05%
STE	D	-0.05%
RJF	B	-0.05%
SW	C	-0.05%
RBLX	C	-0.05%
WY	B	-0.05%
BR	B	-0.05%
LYB	D	-0.05%
TTWO	F	-0.05%
BLDR	B	-0.05%
FCNCA	D	-0.05%
TYL	C	-0.05%
FSLR	C	-0.05%
HPE	B	-0.05%
VTR	C	-0.05%
NET	D	-0.05%
BRO	A	-0.05%
MSTR	B	-0.05%
NTAP	D	-0.05%
TEAM	D	-0.05%
CHD	C	-0.05%
VLTO	A	-0.05%
DOV	C	-0.05%
GRMN	D	-0.05%
APP	A	-0.05%
EQR	C	-0.05%
HAL	F	-0.05%
STT	C	-0.05%
HUBS	D	-0.05%
KEYS	B	-0.05%
FTV	B	-0.05%
CAH	B	-0.05%
CTRA	D	-0.04%
STLD	B	-0.04%
WSM	B	-0.04%
WRB	B	-0.04%
PINS	D	-0.04%
CNP	B	-0.04%
TPL	B	-0.04%
EXPE	B	-0.04%
AVTR	C	-0.04%
WBD	D	-0.04%
ZBRA	A	-0.04%
MAS	A	-0.04%
ARE	D	-0.04%
J	D	-0.04%
DKNG	D	-0.04%
DG	F	-0.04%
HOLX	D	-0.04%
PKG	C	-0.04%
CCL	C	-0.04%
LH	D	-0.04%
BBY	B	-0.04%
CFG	D	-0.04%
NTRS	C	-0.04%
MAA	C	-0.04%
GPC	D	-0.04%
ULTA	D	-0.04%
ALGN	D	-0.04%
ESS	C	-0.04%
EQT	B	-0.04%
EL	D	-0.04%
MDB	F	-0.04%
OMC	C	-0.04%
TER	C	-0.04%
CSL	A	-0.04%
WAT	B	-0.04%
TRU	A	-0.04%
MOH	D	-0.04%
MKL	C	-0.04%
TDY	A	-0.04%
EME	C	-0.04%
INVH	D	-0.04%
ATO	A	-0.04%
DRI	C	-0.04%
CINF	A	-0.04%
BALL	C	-0.04%
LDOS	A	-0.04%
PTC	D	-0.04%
MKC	C	-0.04%
STX	B	-0.04%
CPAY	A	-0.04%
WDC	C	-0.04%
GDDY	D	-0.04%
ZBH	F	-0.04%
MRNA	F	-0.04%
COO	C	-0.04%
WST	D	-0.04%
CLH	C	-0.03%
BXP	C	-0.03%
FFIV	B	-0.03%
JNPR	B	-0.03%
EXAS	C	-0.03%
ELS	D	-0.03%
XPO	F	-0.03%
HST	D	-0.03%
JKHY	A	-0.03%
BLD	C	-0.03%
GLPI	A	-0.03%
ERIE	A	-0.03%
BMRN	F	-0.03%
FLEX	C	-0.03%
UTHR	C	-0.03%
RNR	A	-0.03%
WPC	C	-0.03%
UDR	C	-0.03%
CE	D	-0.03%
CPT	C	-0.03%
TW	A	-0.03%
FIX	A	-0.03%
CASY	D	-0.03%
VTRS	D	-0.03%
POOL	B	-0.03%
FNF	A	-0.03%
IBKR	A	-0.03%
UHS	D	-0.03%
EVRG	C	-0.03%
DT	C	-0.03%
GGG	B	-0.03%
TRMB	B	-0.03%
RGA	C	-0.03%
DPZ	D	-0.03%
DLTR	F	-0.03%
L	D	-0.03%
ROL	B	-0.03%
SNA	A	-0.03%
NTNX	C	-0.03%
RVTY	B	-0.03%
CAG	D	-0.03%
LYV	A	-0.03%
AKAM	D	-0.03%
TOL	A	-0.03%
PSTG	F	-0.03%
AMCR	B	-0.03%
KIM	C	-0.03%
ENPH	D	-0.03%
GEN	A	-0.03%
NTRA	A	-0.03%
VRSN	B	-0.03%
SWKS	F	-0.03%
ZS	F	-0.03%
MRO	D	-0.03%
IEX	D	-0.03%
RPM	A	-0.03%
PNR	C	-0.03%
RS	D	-0.03%
THC	C	-0.03%
HEI	A	-0.03%
KEY	C	-0.03%
LPLA	D	-0.03%
PODD	C	-0.03%
ZM	C	-0.03%
FWONK	C	-0.03%
SSNC	C	-0.03%
ENTG	D	-0.03%
IP	C	-0.03%
AVY	C	-0.03%
LVS	B	-0.03%
EG	B	-0.03%
BURL	D	-0.03%
MANH	C	-0.03%
WSO	C	-0.03%
SUI	D	-0.03%
FDS	C	-0.03%
DINO	F	-0.02%
WYNN	B	-0.02%
CNM	F	-0.02%
DVA	C	-0.02%
CHK	C	-0.02%
AR	B	-0.02%
UNM	A	-0.02%
MORN	C	-0.02%
PAYC	D	-0.02%
MGM	D	-0.02%
MEDP	F	-0.02%
DAY	B	-0.02%
APA	F	-0.02%
ALLY	F	-0.02%
FOXA	A	-0.02%
WTRG	D	-0.02%
LW	D	-0.02%
SOLV	C	-0.02%
CG	C	-0.02%
QRVO	F	-0.02%
CHDN	D	-0.02%
AOS	B	-0.02%
BJ	D	-0.02%
NWSA	D	-0.02%
AFG	C	-0.02%
CRL	F	-0.02%
HII	F	-0.02%
LKQ	F	-0.02%
TWLO	B	-0.02%
INCY	B	-0.02%
SNAP	D	-0.02%
WMS	D	-0.02%
OVV	F	-0.02%
RPRX	B	-0.02%
EPAM	F	-0.02%
HEI	A	-0.02%
RRX	C	-0.02%
CCK	C	-0.02%
SRPT	F	-0.02%
SAIA	D	-0.02%
NVT	D	-0.02%
HOOD	C	-0.02%
EQH	C	-0.02%
SCI	C	-0.02%
DOCU	B	-0.02%
KMX	F	-0.02%
PFGC	A	-0.02%
WING	B	-0.02%
TTEK	B	-0.02%
NBIX	F	-0.02%
TECH	C	-0.02%
OKTA	F	-0.02%
ALLE	A	-0.02%
DKS	D	-0.02%
JBL	D	-0.02%
FND	C	-0.02%
NWS	D	-0.01%
PAG	D	-0.01%
COTY	F	-0.01%
FOX	A	-0.01%
WLK	C	-0.01%
PCOR	D	-0.01%
CELH	F	-0.01%
SIRI	C	-0.01%
BEN	F	-0.01%
SNX	C	-0.01%
U	D	-0.01%
BRKR	D	-0.01%
AZPN	C	-0.01%
BSY	D	-0.01%
UHAL	A	-0.01%
ACI	F	-0.01%
UHAL	A	-0.0%
ALAB	D	-0.0%
LEN	B	-0.0%
FWONA	C	-0.0%
AGR	C	-0.0%