NACP vs. LRND ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to IQ U.S. Large Cap R&D Leaders ETF (LRND)

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

LRND

IQ U.S. Large Cap R&D Leaders ETF

LRND Description

IQ U.S. Large Cap R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the IQ U.S. Large Cap R&D Leaders Index, by using full replication technique. IQ U.S. Large Cap R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.23

Average Daily Volume

605

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	LRND
30 Days	4.72%	4.62%
60 Days	11.57%	11.05%
90 Days	3.46%	-0.96%
12 Months	35.78%	33.73%

45 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in LRND	Overlap
AAPL	C	5.03%	6.57%	5.03%
ABBV	C	1.22%	1.63%	1.22%
ABT	C	0.69%	0.57%	0.57%
ACN	B	3.58%	0.29%	0.29%
AMZN	C	4.47%	8.25%	4.47%
APTV	D	0.08%	0.24%	0.08%
BA	F	0.38%	0.58%	0.38%
BDX	C	0.23%	0.23%	0.23%
BIIB	F	0.1%	0.35%	0.1%
BMY	A	0.35%	2.28%	0.35%
BSX	A	0.41%	0.3%	0.3%
CMI	A	0.15%	0.34%	0.15%
CNH	C	0.03%	0.22%	0.03%
DE	C	0.36%	0.48%	0.36%
DELL	C	0.54%	0.44%	0.44%
DHR	D	0.64%	0.34%	0.34%
EA	D	0.45%	0.48%	0.45%
EBAY	A	0.11%	0.36%	0.11%
EW	F	0.15%	0.15%	0.15%
F	D	0.15%	1.41%	0.15%
GE	B	0.69%	0.44%	0.44%
GILD	A	0.35%	1.33%	0.35%
GM	D	0.18%	1.79%	0.18%
GOOGL	B	2.41%	8.06%	2.41%
HON	C	0.46%	0.27%	0.27%
HPQ	B	0.62%	0.3%	0.3%
IBM	A	3.08%	1.71%	1.71%
ILMN	B	0.07%	0.31%	0.07%
INTC	D	1.52%	2.37%	1.52%
JNJ	D	1.44%	3.21%	1.44%
MDT	C	0.42%	0.58%	0.42%
META	A	3.63%	6.84%	3.63%
MMM	C	0.26%	0.46%	0.26%
MRK	F	1.03%	4.25%	1.03%
MSFT	D	4.63%	5.2%	4.63%
MU	D	1.75%	0.45%	0.45%
NOC	B	0.29%	0.28%	0.28%
NVDA	B	4.9%	1.76%	1.76%
PANW	B	1.81%	0.36%	0.36%
PFE	D	0.62%	2.13%	0.62%
PYPL	A	0.27%	0.74%	0.27%
QCOM	D	3.18%	1.34%	1.34%
TMO	D	0.83%	0.28%	0.28%
TSLA	C	2.22%	1.2%	1.2%
UBER	C	2.29%	0.66%	0.66%

NACP Overweight 151 Positions Relative to LRND

Symbol	Grade	Weight
JPM	C	2.39%
VZ	C	2.26%
GOOG	B	2.16%
XOM	A	2.0%
UNH	B	1.95%
V	B	1.53%
MA	A	1.4%
CVX	B	1.04%
KO	C	0.99%
BAC	B	0.99%
PEP	F	0.92%
WMT	A	0.73%
NEE	C	0.66%
AXP	A	0.56%
UNP	F	0.56%
SPGI	C	0.55%
LOW	C	0.51%
COP	D	0.49%
ELV	F	0.47%
MS	A	0.47%
C	B	0.45%
T	B	0.45%
ETN	B	0.44%
PLD	D	0.42%
ADP	A	0.4%
MELI	D	0.38%
CI	D	0.37%
MDLZ	D	0.36%
NKE	D	0.36%
UPS	D	0.35%
SO	A	0.35%
SCHW	D	0.33%
DUK	C	0.32%
EQIX	C	0.29%
TT	A	0.29%
PNC	C	0.27%
CVS	D	0.27%
ITW	C	0.27%
MCO	D	0.26%
FDX	F	0.25%
FCX	B	0.25%
AON	A	0.24%
CSX	D	0.24%
MPC	D	0.23%
PSX	D	0.22%
TFC	D	0.22%
NEM	C	0.22%
EMR	B	0.22%
ECL	C	0.21%
NSC	C	0.2%
WMB	A	0.19%
AEP	C	0.19%
MAR	A	0.19%
OKE	A	0.18%
SRE	C	0.18%
TRV	B	0.18%
CCI	D	0.18%
D	A	0.18%
URI	C	0.18%
MET	A	0.17%
BK	A	0.17%
VLO	F	0.17%
JCI	C	0.17%
HLT	A	0.17%
LNG	A	0.16%
IPG	D	0.16%
LHX	A	0.16%
KMI	A	0.15%
HES	D	0.15%
EXC	C	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%
XEL	C	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%
PCG	C	0.09%
TROW	D	0.09%
IFF	D	0.09%
DAL	C	0.09%
SYF	A	0.08%
SBAC	C	0.08%
PPL	C	0.08%
FE	C	0.08%
ETR	A	0.08%
NDAQ	C	0.08%
DTE	B	0.08%
ES	D	0.08%
NRG	A	0.07%
LII	C	0.07%
EXPD	D	0.07%
CMS	A	0.07%
TSN	D	0.07%
CLX	C	0.07%
BAH	C	0.07%
BAX	D	0.07%
K	B	0.07%
HBAN	B	0.07%
RF	B	0.07%
SWK	C	0.06%
LUV	B	0.06%
DOC	C	0.06%
DGX	D	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%
UAL	A	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%
WBA	F	0.03%
BWA	C	0.03%
SCCO	B	0.03%
PFG	A	0.03%
MOS	F	0.03%
HRL	F	0.03%
TAP	D	0.03%

NACP Underweight 54 Positions Relative to LRND

Symbol	Grade	Weight
ORCL	A	-2.07%
LLY	D	-1.9%
CSCO	A	-1.68%
AVGO	B	-1.49%
AMD	C	-1.17%
CRM	B	-1.09%
AMGN	D	-1.02%
REGN	D	-0.79%
ADBE	F	-0.69%
VRTX	D	-0.66%
RTX	A	-0.63%
SQ	D	-0.57%
NFLX	A	-0.54%
WDAY	D	-0.54%
AMAT	C	-0.51%
INTU	F	-0.51%
NOW	B	-0.51%
CAT	A	-0.5%
HPE	B	-0.44%
MRNA	F	-0.41%
PG	D	-0.4%
SPOT	C	-0.38%
TXN	C	-0.38%
TEAM	D	-0.38%
RIVN	F	-0.38%
LMT	A	-0.36%
MRVL	C	-0.36%
SNPS	F	-0.33%
ALNY	C	-0.33%
INCY	B	-0.33%
RBLX	D	-0.32%
WDC	C	-0.32%
EXPE	B	-0.31%
ADI	B	-0.3%
ADSK	B	-0.3%
GEHC	C	-0.29%
U	D	-0.29%
CTVA	A	-0.29%
ABNB	D	-0.29%
SYK	C	-0.27%
LCID	F	-0.27%
LRCX	D	-0.27%
DASH	A	-0.25%
CDNS	D	-0.24%
JNPR	C	-0.24%
SNOW	F	-0.24%
GLW	C	-0.23%
ISRG	C	-0.23%
EXEL	B	-0.23%
KLAC	B	-0.22%
DDOG	B	-0.19%
NTAP	D	-0.19%
MCHP	F	-0.18%
PINS	D	-0.15%