NACP vs. IQSU ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to IQ Candriam ESG US Equity ETF (IQSU)

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

IQSU

IQ Candriam ESG US Equity ETF

IQSU Description

The investment seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the IQ Candriam ESG US Equity Index. The Advisor employs a passive management - or indexing - investment approach designed to track the performance of the underlying index. The underlying index is designed to deliver exposure to equity securities of companies meeting environmental, social and corporate governance (ESG) criteria developed by Candriam and weighted using a market capitalization weighting methodology.

Grade (RS Rating)

Last Trade

$47.66

Average Daily Volume

10,687

Number of Holdings ^*

291

* may have additional holdings in another (foreign) market

Performance

Period	NACP	IQSU
30 Days	2.07%	2.17%
60 Days	3.38%	3.29%
90 Days	3.52%	5.20%
12 Months	30.45%	25.21%

108 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in IQSU	Overlap
AAPL	C	5.03%	9.58%	5.03%
ACN	C	3.58%	0.69%	0.69%
ADP	B	0.4%	0.38%	0.38%
ALB	D	0.04%	0.04%	0.04%
APTV	D	0.08%	0.07%	0.07%
AVB	B	0.11%	0.13%	0.11%
AXP	B	0.56%	0.59%	0.56%
BAC	D	0.99%	1.06%	0.99%
BIIB	F	0.1%	0.11%	0.1%
BK	B	0.17%	0.21%	0.17%
BMY	C	0.35%	0.39%	0.35%
C	C	0.45%	0.43%	0.43%
CCI	C	0.18%	0.2%	0.18%
CI	C	0.37%	0.41%	0.37%
CLX	C	0.07%	0.08%	0.07%
CPB	C	0.04%	0.04%	0.04%
DD	B	0.14%	0.12%	0.12%
DELL	D	0.54%	0.11%	0.11%
DGX	B	0.06%	0.07%	0.06%
DOC	C	0.06%	0.06%	0.06%
EA	D	0.45%	0.13%	0.13%
EBAY	B	0.11%	0.13%	0.11%
ECL	B	0.21%	0.24%	0.21%
ED	C	0.12%	0.14%	0.12%
ELV	C	0.47%	0.5%	0.47%
EMR	D	0.22%	0.19%	0.19%
EQIX	C	0.29%	0.31%	0.29%
ES	C	0.08%	0.09%	0.08%
EW	F	0.15%	0.16%	0.15%
EXC	C	0.15%	0.15%	0.15%
EXPD	C	0.07%	0.07%	0.07%
FCX	D	0.25%	0.24%	0.24%
FDX	C	0.25%	0.26%	0.25%
GE	B	0.69%	0.76%	0.69%
GILD	B	0.35%	0.4%	0.35%
GOOG	D	2.16%	1.96%	1.96%
GOOGL	D	2.41%	2.36%	2.36%
HBAN	B	0.07%	0.08%	0.07%
HLT	B	0.17%	0.21%	0.17%
HPQ	D	0.62%	0.11%	0.11%
HRL	C	0.03%	0.04%	0.03%
HSY	C	0.1%	0.11%	0.1%
IBM	B	3.08%	0.63%	0.63%
IFF	B	0.09%	0.1%	0.09%
INTC	F	1.52%	0.29%	0.29%
IR	C	0.12%	0.15%	0.12%
ITW	C	0.27%	0.3%	0.27%
JBHT	D	0.05%	0.05%	0.05%
JCI	B	0.17%	0.19%	0.17%
K	B	0.07%	0.08%	0.07%
KHC	C	0.12%	0.11%	0.11%
KMI	B	0.15%	0.16%	0.15%
KR	C	0.13%	0.15%	0.13%
LNG	C	0.16%	0.16%	0.16%
LOW	B	0.51%	0.57%	0.51%
MA	B	1.4%	1.63%	1.4%
MAR	C	0.19%	0.23%	0.19%
MCO	B	0.26%	0.3%	0.26%
MDLZ	B	0.36%	0.4%	0.36%
MELI	B	0.38%	0.36%	0.36%
MET	B	0.17%	0.18%	0.17%
MLM	D	0.12%	0.13%	0.12%
MMM	B	0.26%	0.29%	0.26%
MPC	F	0.23%	0.23%	0.23%
MRK	D	1.03%	1.16%	1.03%
MS	D	0.47%	0.49%	0.47%
MSFT	C	4.63%	8.93%	4.63%
MU	F	1.75%	0.31%	0.31%
NDAQ	A	0.08%	0.1%	0.08%
NEE	C	0.66%	0.67%	0.66%
NEM	B	0.22%	0.24%	0.22%
NKE	D	0.36%	0.38%	0.36%
NVDA	D	4.9%	6.06%	4.9%
OKE	B	0.18%	0.21%	0.18%
OTIS	C	0.13%	0.15%	0.13%
PANW	D	1.81%	0.35%	0.35%
PCG	C	0.09%	0.16%	0.09%
PEG	B	0.14%	0.16%	0.14%
PEP	C	0.92%	0.94%	0.92%
PFG	B	0.03%	0.08%	0.03%
PLD	C	0.42%	0.46%	0.42%
PNC	B	0.27%	0.28%	0.27%
PPG	D	0.1%	0.12%	0.1%
PYPL	B	0.27%	0.3%	0.27%
QCOM	D	3.18%	0.61%	0.61%
RCL	B	0.12%	0.14%	0.12%
RF	B	0.07%	0.08%	0.07%
RMD	C	0.11%	0.14%	0.11%
ROK	D	0.11%	0.12%	0.11%
SBAC	C	0.08%	0.1%	0.08%
SJM	C	0.05%	0.05%	0.05%
SPGI	B	0.55%	0.63%	0.55%
SRE	C	0.18%	0.2%	0.18%
SYF	C	0.08%	0.08%	0.08%
TFC	C	0.22%	0.22%	0.22%
TRV	C	0.18%	0.21%	0.18%
TSLA	C	2.22%	2.43%	2.22%
TT	B	0.29%	0.33%	0.29%
UNH	C	1.95%	2.08%	1.95%
UPS	D	0.35%	0.37%	0.35%
URI	B	0.18%	0.2%	0.18%
V	C	1.53%	1.79%	1.53%
VLO	F	0.17%	0.17%	0.17%
VMC	D	0.12%	0.13%	0.12%
VRSK	D	0.13%	0.12%	0.12%
WBA	F	0.03%	0.02%	0.02%
WMB	B	0.19%	0.21%	0.19%
XYL	C	0.11%	0.12%	0.11%

NACP Overweight 88 Positions Relative to IQSU

Symbol	Grade	Weight
AMZN	C	4.47%
META	B	3.63%
JPM	D	2.39%
UBER	C	2.29%
VZ	B	2.26%
XOM	C	2.0%
JNJ	C	1.44%
ABBV	C	1.22%
CVX	D	1.04%
KO	C	0.99%
TMO	B	0.83%
WMT	C	0.73%
ABT	C	0.69%
DHR	B	0.64%
PFE	C	0.62%
UNP	C	0.56%
COP	D	0.49%
HON	D	0.46%
T	C	0.45%
ETN	C	0.44%
MDT	C	0.42%
BSX	B	0.41%
BA	F	0.38%
DE	B	0.36%
SO	B	0.35%
SCHW	D	0.33%
DUK	C	0.32%
NOC	B	0.29%
CVS	D	0.27%
AON	B	0.24%
CSX	D	0.24%
BDX	D	0.23%
PSX	F	0.22%
NSC	C	0.2%
AEP	C	0.19%
D	C	0.18%
GM	C	0.18%
IPG	C	0.16%
LHX	C	0.16%
HES	F	0.15%
CMI	C	0.15%
F	F	0.15%
A	C	0.14%
HWM	B	0.14%
AME	C	0.13%
XEL	B	0.12%
VST	C	0.11%
EIX	C	0.11%
ADM	D	0.11%
DVN	F	0.1%
WEC	C	0.1%
TROW	D	0.09%
DAL	C	0.09%
PPL	C	0.08%
FE	C	0.08%
ETR	B	0.08%
DTE	C	0.08%
NRG	C	0.07%
LII	B	0.07%
CMS	C	0.07%
TSN	C	0.07%
BAH	C	0.07%
BAX	C	0.07%
ILMN	C	0.07%
SWK	B	0.06%
LUV	C	0.06%
HUBB	B	0.06%
TXT	D	0.06%
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%
BG	D	0.05%
CF	C	0.05%
REG	C	0.04%
LECO	F	0.04%
TFX	C	0.04%
EMN	B	0.04%
USFD	B	0.04%
BWA	D	0.03%
SCCO	D	0.03%
MOS	F	0.03%
CNH	D	0.03%
TAP	D	0.03%

NACP Underweight 183 Positions Relative to IQSU

Symbol	Grade	Weight
PG	C	-1.61%
COST	B	-1.54%
HD	B	-1.49%
LIN	B	-0.89%
CRM	D	-0.78%
AMD	D	-0.78%
ADBE	F	-0.76%
CSCO	C	-0.67%
DIS	D	-0.66%
CMCSA	D	-0.61%
AMAT	D	-0.61%
NOW	B	-0.59%
TXN	C	-0.59%
PGR	B	-0.58%
INTU	C	-0.57%
TJX	B	-0.52%
VRTX	D	-0.48%
MMC	C	-0.44%
AMT	C	-0.43%
SBUX	C	-0.42%
BX	B	-0.42%
LRCX	F	-0.39%
ADI	C	-0.37%
ICE	C	-0.36%
SHW	B	-0.35%
ZTS	C	-0.35%
CL	D	-0.34%
KLAC	D	-0.33%
KKR	B	-0.33%
WM	D	-0.32%
CMG	C	-0.31%
CME	C	-0.3%
WELL	C	-0.29%
TGT	C	-0.27%
CTAS	B	-0.27%
USB	B	-0.26%
APD	B	-0.25%
SNPS	D	-0.25%
PH	B	-0.25%
MSI	B	-0.24%
CARR	B	-0.24%
CDNS	D	-0.24%
AJG	D	-0.24%
SLB	F	-0.23%
PSA	B	-0.22%
AFL	C	-0.22%
AZO	D	-0.21%
SPG	B	-0.21%
COF	B	-0.21%
MRVL	C	-0.2%
ABNB	D	-0.2%
ADSK	C	-0.19%
DLR	B	-0.19%
ROP	C	-0.19%
ALL	B	-0.19%
CRWD	D	-0.19%
AIG	D	-0.19%
AMP	A	-0.18%
APO	C	-0.18%
KMB	D	-0.18%
WDAY	D	-0.17%
PRU	C	-0.17%
FAST	C	-0.16%
GWW	B	-0.16%
KVUE	C	-0.16%
ACGL	C	-0.16%
FIS	B	-0.16%
GIS	B	-0.16%
IDXX	C	-0.16%
HUM	F	-0.15%
TEL	D	-0.15%
FICO	B	-0.15%
FTNT	C	-0.15%
PWR	B	-0.15%
SYY	D	-0.15%
DASH	C	-0.15%
BKR	C	-0.14%
EFX	B	-0.14%
MSCI	C	-0.14%
PAYX	C	-0.14%
CBRE	A	-0.14%
YUM	D	-0.14%
EXR	B	-0.14%
CTSH	C	-0.13%
IT	B	-0.13%
CHTR	D	-0.13%
IRM	C	-0.13%
ALNY	C	-0.13%
KDP	B	-0.13%
NUE	F	-0.13%
DFS	B	-0.13%
HIG	B	-0.13%
LULU	D	-0.12%
NVR	B	-0.12%
WTW	C	-0.12%
TSCO	C	-0.12%
WAB	B	-0.12%
MTB	B	-0.11%
GPN	D	-0.11%
FITB	B	-0.11%
MTD	D	-0.11%
AWK	B	-0.11%
SNOW	F	-0.11%
CDW	D	-0.1%
CHD	D	-0.1%
ON	D	-0.1%
VTR	C	-0.1%
DOV	B	-0.1%
HAL	F	-0.1%
EQR	B	-0.1%
VEEV	C	-0.1%
DXCM	F	-0.1%
CAH	C	-0.1%
WST	D	-0.09%
FTV	C	-0.09%
ZBH	F	-0.09%
CBOE	C	-0.09%
RJF	C	-0.09%
ANSS	D	-0.09%
STE	C	-0.09%
LYB	D	-0.09%
WY	C	-0.09%
ULTA	D	-0.08%
HPE	D	-0.08%
OMC	B	-0.08%
ESS	B	-0.08%
HUBS	D	-0.08%
TEAM	D	-0.08%
NTAP	D	-0.08%
INVH	C	-0.08%
BR	D	-0.08%
BALL	C	-0.08%
CINF	B	-0.08%
MKC	C	-0.08%
CPAY	B	-0.08%
TTWO	C	-0.08%
KEYS	C	-0.08%
AVTR	B	-0.07%
MAS	B	-0.07%
WDC	D	-0.07%
NTRS	A	-0.07%
CFG	C	-0.07%
WBD	D	-0.07%
DG	F	-0.07%
PKG	B	-0.07%
EL	F	-0.07%
HOLX	B	-0.07%
MAA	B	-0.07%
TRU	B	-0.07%
ARE	C	-0.07%
BBY	C	-0.07%
WAT	C	-0.07%
PINS	F	-0.06%
ZBRA	B	-0.06%
DLTR	F	-0.06%
KEY	B	-0.06%
CAG	C	-0.06%
STX	C	-0.06%
TER	D	-0.06%
MDB	D	-0.06%
TRMB	C	-0.05%
AKAM	D	-0.05%
INCY	C	-0.05%
HST	C	-0.05%
KMX	D	-0.05%
ZS	F	-0.05%
EG	C	-0.05%
SWKS	D	-0.05%
BMRN	F	-0.05%
ENPH	D	-0.05%
YUMC	D	-0.05%
VRSN	D	-0.05%
SSNC	B	-0.05%
VTRS	D	-0.05%
EPAM	F	-0.04%
OKTA	F	-0.04%
AOS	D	-0.04%
LKQ	F	-0.04%
RPRX	C	-0.04%
SNAP	F	-0.03%
DOX	C	-0.03%
BEN	F	-0.02%
AGR	B	-0.01%