NACP vs. IOO ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to iShares Global 100 ETF (IOO)

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

IOO

iShares Global 100 ETF

IOO Description

The investment seeks to track the investment results of an index composed of 100 large-capitalization global 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. It seeks to track the investment results of the S&P Global 100TM (the "underlying index"), which is designed to measure the performance of 100 large-capitalization global companies.

Grade (RS Rating)

Last Trade

$99.08

Average Daily Volume

174,064

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	IOO
30 Days	2.08%	-0.58%
60 Days	4.48%	1.05%
90 Days	6.57%	0.63%
12 Months	32.92%	27.79%

35 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in IOO	Overlap
AAPL	C	5.03%	12.02%	5.03%
ABT	B	0.69%	0.71%	0.69%
ACN	C	3.58%	0.78%	0.78%
AMZN	C	4.47%	6.65%	4.47%
AON	A	0.24%	0.29%	0.24%
BMY	B	0.35%	0.4%	0.35%
C	A	0.45%	0.47%	0.45%
CVX	A	1.04%	0.97%	0.97%
DD	D	0.14%	0.13%	0.13%
EMR	A	0.22%	0.26%	0.22%
F	C	0.15%	0.16%	0.15%
GE	D	0.69%	0.67%	0.67%
GOOG	C	2.16%	2.93%	2.16%
GOOGL	C	2.41%	3.55%	2.41%
HON	B	0.46%	0.52%	0.46%
HPQ	B	0.62%	0.13%	0.13%
IBM	C	3.08%	0.66%	0.66%
INTC	D	1.52%	0.31%	0.31%
JCI	C	0.17%	0.2%	0.17%
JNJ	D	1.44%	1.3%	1.3%
JPM	A	2.39%	2.45%	2.39%
KO	D	0.99%	0.84%	0.84%
MA	C	1.4%	1.51%	1.4%
MMM	D	0.26%	0.25%	0.25%
MRK	F	1.03%	0.86%	0.86%
MS	A	0.47%	0.59%	0.47%
MSFT	F	4.63%	10.84%	4.63%
NKE	D	0.36%	0.32%	0.32%
NVDA	C	4.9%	12.27%	4.9%
PEP	F	0.92%	0.77%	0.77%
PFE	D	0.62%	0.5%	0.5%
QCOM	F	3.18%	0.63%	0.63%
TMO	F	0.83%	0.69%	0.69%
WMT	A	0.73%	1.29%	0.73%
XOM	B	2.0%	1.87%	1.87%

NACP Overweight 162 Positions Relative to IOO

Symbol	Grade	Weight
META	D	3.63%
UBER	D	2.29%
VZ	C	2.26%
TSLA	B	2.22%
UNH	C	1.95%
PANW	C	1.81%
MU	D	1.75%
V	A	1.53%
ABBV	D	1.22%
BAC	A	0.99%
NEE	D	0.66%
DHR	F	0.64%
AXP	A	0.56%
UNP	C	0.56%
SPGI	C	0.55%
DELL	C	0.54%
LOW	D	0.51%
COP	C	0.49%
ELV	F	0.47%
EA	A	0.45%
T	A	0.45%
ETN	A	0.44%
MDT	D	0.42%
PLD	D	0.42%
BSX	B	0.41%
ADP	B	0.4%
BA	F	0.38%
MELI	D	0.38%
CI	F	0.37%
DE	A	0.36%
MDLZ	F	0.36%
UPS	C	0.35%
GILD	C	0.35%
SO	D	0.35%
SCHW	B	0.33%
DUK	C	0.32%
EQIX	A	0.29%
TT	A	0.29%
NOC	D	0.29%
PNC	B	0.27%
CVS	D	0.27%
PYPL	B	0.27%
ITW	B	0.27%
MCO	B	0.26%
FDX	B	0.25%
FCX	D	0.25%
CSX	B	0.24%
MPC	D	0.23%
BDX	F	0.23%
PSX	C	0.22%
TFC	A	0.22%
NEM	D	0.22%
ECL	D	0.21%
NSC	B	0.2%
WMB	A	0.19%
AEP	D	0.19%
MAR	B	0.19%
OKE	A	0.18%
SRE	A	0.18%
TRV	B	0.18%
CCI	D	0.18%
D	C	0.18%
GM	B	0.18%
URI	B	0.18%
MET	A	0.17%
BK	A	0.17%
VLO	C	0.17%
HLT	A	0.17%
LNG	B	0.16%
IPG	D	0.16%
LHX	C	0.16%
KMI	A	0.15%
HES	B	0.15%
EXC	C	0.15%
CMI	A	0.15%
EW	C	0.15%
PEG	A	0.14%
A	D	0.14%
HWM	A	0.14%
OTIS	C	0.13%
KR	B	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
ED	D	0.12%
KHC	F	0.12%
RCL	A	0.12%
AVB	B	0.11%
ROK	B	0.11%
EBAY	D	0.11%
VST	B	0.11%
EIX	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
HSY	F	0.1%
DVN	F	0.1%
WEC	A	0.1%
PPG	F	0.1%
BIIB	F	0.1%
PCG	A	0.09%
TROW	B	0.09%
IFF	D	0.09%
DAL	C	0.09%
SYF	B	0.08%
APTV	D	0.08%
SBAC	D	0.08%
PPL	B	0.08%
FE	C	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	D	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
TSN	B	0.07%
CLX	B	0.07%
BAH	F	0.07%
BAX	D	0.07%
LH	C	0.07%
K	A	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%
DGX	A	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	D	0.05%
AMH	D	0.05%
NI	A	0.05%
OC	A	0.05%
ACM	A	0.05%
NDSN	B	0.05%
UAL	A	0.05%
LNT	A	0.05%
AES	F	0.05%
JBHT	C	0.05%
BG	F	0.05%
CF	B	0.05%
CPB	D	0.04%
REG	B	0.04%
LECO	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%
HRL	D	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 19 Positions Relative to IOO

Symbol	Grade	Weight
AVGO	D	-2.7%
LLY	F	-2.07%
PG	A	-1.4%
CSCO	B	-0.81%
LIN	D	-0.76%
TM	D	-0.76%
MCD	D	-0.74%
PM	B	-0.7%
GS	A	-0.66%
TXN	C	-0.65%
CAT	B	-0.65%
RTX	C	-0.55%
MUFG	B	-0.51%
SONY	B	-0.41%
MMC	B	-0.38%
AMT	D	-0.32%
CL	D	-0.27%
KMB	D	-0.16%
HMC	F	-0.15%