NACP vs. SCHG ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Schwab U.S. Large-Cap Growth ETF (SCHG)

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

SCHG

Schwab U.S. Large-Cap Growth ETF

SCHG Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market IndexSM. The fund invests at least 90% of its net assets in stocks that are included in the index. The index includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as "growth" based on a number of factors. The index is a float-adjusted market capitalization weighted index.

Grade (RS Rating)

Last Trade

$103.53

Average Daily Volume

1,456,683

Number of Holdings ^*

241

* may have additional holdings in another (foreign) market

Performance

Period	NACP	SCHG
30 Days	2.07%	1.30%
60 Days	3.38%	3.04%
90 Days	3.52%	3.01%
12 Months	30.45%	40.18%

40 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in SCHG	Overlap
AAPL	C	5.03%	11.82%	5.03%
ACN	C	3.58%	0.81%	0.81%
ALB	D	0.04%	0.04%	0.04%
AMZN	C	4.47%	6.3%	4.47%
CI	C	0.37%	0.38%	0.37%
DE	B	0.36%	0.37%	0.36%
DELL	D	0.54%	0.11%	0.11%
DHR	B	0.64%	0.66%	0.64%
ELV	C	0.47%	0.47%	0.47%
EQIX	C	0.29%	0.3%	0.29%
EW	F	0.15%	0.15%	0.15%
GE	B	0.69%	0.68%	0.68%
GOOG	D	2.16%	2.79%	2.16%
GOOGL	D	2.41%	3.34%	2.41%
HES	F	0.15%	0.13%	0.13%
HLT	B	0.17%	0.2%	0.17%
ILMN	C	0.07%	0.07%	0.07%
JBHT	D	0.05%	0.05%	0.05%
LHX	C	0.16%	0.16%	0.16%
LNG	C	0.16%	0.15%	0.15%
MA	B	1.4%	1.49%	1.4%
MAR	C	0.19%	0.2%	0.19%
MCO	B	0.26%	0.28%	0.26%
META	B	3.63%	4.24%	3.63%
MLM	D	0.12%	0.12%	0.12%
MSFT	C	4.63%	11.68%	4.63%
NDSN	C	0.05%	0.05%	0.05%
NVDA	D	4.9%	10.79%	4.9%
PANW	D	1.81%	0.41%	0.41%
PYPL	B	0.27%	0.27%	0.27%
RMD	C	0.11%	0.14%	0.11%
SBAC	C	0.08%	0.09%	0.08%
SPGI	B	0.55%	0.62%	0.55%
TFX	C	0.04%	0.04%	0.04%
TMO	B	0.83%	0.86%	0.83%
TSLA	C	2.22%	2.35%	2.22%
UNH	C	1.95%	2.0%	1.95%
URI	B	0.18%	0.17%	0.17%
V	C	1.53%	1.66%	1.53%
VMC	D	0.12%	0.12%	0.12%

NACP Overweight 156 Positions Relative to SCHG

Symbol	Grade	Weight
QCOM	D	3.18%
IBM	B	3.08%
JPM	D	2.39%
UBER	C	2.29%
VZ	B	2.26%
XOM	C	2.0%
MU	F	1.75%
INTC	F	1.52%
JNJ	C	1.44%
ABBV	C	1.22%
CVX	D	1.04%
MRK	D	1.03%
KO	C	0.99%
BAC	D	0.99%
PEP	C	0.92%
WMT	C	0.73%
ABT	C	0.69%
NEE	C	0.66%
HPQ	D	0.62%
PFE	C	0.62%
AXP	B	0.56%
UNP	C	0.56%
LOW	B	0.51%
COP	D	0.49%
MS	D	0.47%
HON	D	0.46%
C	C	0.45%
EA	D	0.45%
T	C	0.45%
ETN	C	0.44%
MDT	C	0.42%
PLD	C	0.42%
BSX	B	0.41%
ADP	B	0.4%
BA	F	0.38%
MELI	B	0.38%
MDLZ	B	0.36%
NKE	D	0.36%
BMY	C	0.35%
UPS	D	0.35%
GILD	B	0.35%
SO	B	0.35%
SCHW	D	0.33%
DUK	C	0.32%
TT	B	0.29%
NOC	B	0.29%
PNC	B	0.27%
CVS	D	0.27%
ITW	C	0.27%
MMM	B	0.26%
FDX	C	0.25%
FCX	D	0.25%
AON	B	0.24%
CSX	D	0.24%
MPC	F	0.23%
BDX	D	0.23%
PSX	F	0.22%
TFC	C	0.22%
NEM	B	0.22%
EMR	D	0.22%
ECL	B	0.21%
NSC	C	0.2%
WMB	B	0.19%
AEP	C	0.19%
OKE	B	0.18%
SRE	C	0.18%
TRV	C	0.18%
CCI	C	0.18%
D	C	0.18%
GM	C	0.18%
MET	B	0.17%
BK	B	0.17%
VLO	F	0.17%
JCI	B	0.17%
IPG	C	0.16%
KMI	B	0.15%
EXC	C	0.15%
CMI	C	0.15%
F	F	0.15%
DD	B	0.14%
PEG	B	0.14%
A	C	0.14%
HWM	B	0.14%
OTIS	C	0.13%
KR	C	0.13%
AME	C	0.13%
VRSK	D	0.13%
IR	C	0.12%
XEL	B	0.12%
ED	C	0.12%
KHC	C	0.12%
RCL	B	0.12%
AVB	B	0.11%
ROK	D	0.11%
EBAY	B	0.11%
VST	C	0.11%
EIX	C	0.11%
ADM	D	0.11%
XYL	C	0.11%
HSY	C	0.1%
DVN	F	0.1%
WEC	C	0.1%
PPG	D	0.1%
BIIB	F	0.1%
PCG	C	0.09%
TROW	D	0.09%
IFF	B	0.09%
DAL	C	0.09%
SYF	C	0.08%
APTV	D	0.08%
PPL	C	0.08%
FE	C	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	C	0.08%
NRG	C	0.07%
LII	B	0.07%
EXPD	C	0.07%
CMS	C	0.07%
TSN	C	0.07%
CLX	C	0.07%
BAH	C	0.07%
BAX	C	0.07%
K	B	0.07%
HBAN	B	0.07%
RF	B	0.07%
SWK	B	0.06%
LUV	C	0.06%
DOC	C	0.06%
DGX	B	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	C	0.05%
AMH	C	0.05%
NI	B	0.05%
OC	D	0.05%
ACM	B	0.05%
UAL	C	0.05%
LNT	B	0.05%
AES	C	0.05%
BG	D	0.05%
CF	C	0.05%
CPB	C	0.04%
REG	C	0.04%
LECO	F	0.04%
EMN	B	0.04%
USFD	B	0.04%
WBA	F	0.03%
BWA	D	0.03%
SCCO	D	0.03%
PFG	B	0.03%
MOS	F	0.03%
HRL	C	0.03%
CNH	D	0.03%
TAP	D	0.03%

NACP Underweight 201 Positions Relative to SCHG

Symbol	Grade	Weight
LLY	C	-2.75%
AVGO	C	-2.64%
COST	B	-1.5%
NFLX	B	-1.09%
ADBE	F	-0.97%
CRM	D	-0.91%
AMD	D	-0.9%
LIN	B	-0.83%
INTU	C	-0.67%
NOW	B	-0.67%
ISRG	B	-0.65%
PGR	B	-0.54%
BKNG	C	-0.48%
REGN	C	-0.46%
BLK	B	-0.46%
VRTX	D	-0.45%
TMUS	C	-0.39%
KLAC	D	-0.37%
LRCX	F	-0.36%
ANET	B	-0.33%
SHW	B	-0.32%
ZTS	C	-0.32%
CMG	C	-0.29%
SNPS	D	-0.28%
TDG	B	-0.28%
CDNS	D	-0.27%
CTAS	B	-0.26%
EOG	D	-0.25%
PLTR	B	-0.25%
MRVL	C	-0.24%
ORLY	C	-0.24%
MCK	F	-0.24%
ROP	C	-0.22%
CRWD	D	-0.22%
CEG	C	-0.22%
DHI	B	-0.21%
WDAY	D	-0.2%
AZO	D	-0.2%
ADSK	C	-0.2%
ABNB	D	-0.19%
FICO	B	-0.17%
TTD	B	-0.17%
FTNT	C	-0.17%
IQV	C	-0.16%
CPRT	D	-0.16%
GWW	B	-0.16%
MPWR	C	-0.16%
MSCI	C	-0.16%
IT	B	-0.15%
CNC	D	-0.15%
STZ	D	-0.15%
DASH	C	-0.15%
IDXX	C	-0.15%
SNOW	F	-0.14%
CTVA	B	-0.14%
HUM	F	-0.14%
ODFL	D	-0.13%
SQ	D	-0.13%
MNST	D	-0.13%
CSGP	D	-0.12%
VEEV	C	-0.12%
TRGP	B	-0.12%
ALNY	C	-0.12%
CHTR	D	-0.12%
BKR	C	-0.12%
DDOG	D	-0.12%
NVR	B	-0.11%
COIN	F	-0.11%
MTD	D	-0.11%
LULU	D	-0.11%
VRT	C	-0.11%
FANG	D	-0.11%
TEAM	D	-0.1%
AXON	B	-0.1%
DXCM	F	-0.1%
ANSS	D	-0.1%
MRNA	F	-0.09%
DECK	C	-0.09%
NET	D	-0.09%
TTWO	C	-0.09%
HAL	F	-0.09%
TYL	C	-0.09%
HUBS	D	-0.09%
FSLR	C	-0.09%
PTC	D	-0.08%
MOH	D	-0.08%
FCNCA	D	-0.08%
BLDR	C	-0.08%
MDB	D	-0.08%
GDDY	C	-0.08%
WST	D	-0.08%
CPAY	B	-0.08%
SMCI	F	-0.08%
RBLX	B	-0.08%
ULTA	D	-0.07%
ZM	C	-0.07%
AVTR	B	-0.07%
EME	B	-0.07%
DKNG	C	-0.07%
WAT	C	-0.07%
APP	C	-0.07%
CSL	B	-0.07%
EQT	D	-0.07%
MKL	C	-0.07%
TDY	B	-0.07%
TPL	B	-0.06%
ZS	F	-0.06%
LPLA	D	-0.06%
BMRN	F	-0.06%
ALGN	D	-0.06%
PODD	B	-0.06%
EG	C	-0.06%
FDS	C	-0.06%
EXPE	C	-0.06%
CTRA	D	-0.06%
WBD	D	-0.06%
ZBRA	B	-0.06%
PINS	F	-0.06%
NBIX	F	-0.05%
EXAS	C	-0.05%
IBKR	B	-0.05%
TW	B	-0.05%
RNR	C	-0.05%
POOL	C	-0.05%
LYV	B	-0.05%
CASY	D	-0.05%
DPZ	F	-0.05%
ENPH	D	-0.05%
PSTG	F	-0.05%
RIVN	F	-0.04%
SNAP	F	-0.04%
MKTX	C	-0.04%
CRL	F	-0.04%
INCY	C	-0.04%
KNSL	C	-0.04%
HII	D	-0.04%
TWLO	D	-0.04%
QRVO	F	-0.04%
FTI	D	-0.04%
TOST	C	-0.04%
CACI	B	-0.04%
REXR	C	-0.04%
CTLT	B	-0.04%
HOOD	C	-0.04%
SAIA	D	-0.04%
TECH	C	-0.04%
PFGC	B	-0.04%
DOCU	C	-0.04%
EPAM	F	-0.04%
SRPT	D	-0.04%
OKTA	F	-0.04%
FND	C	-0.04%
BLD	D	-0.04%
CLH	A	-0.04%
DT	C	-0.04%
TTEK	C	-0.04%
RRC	D	-0.03%
TREX	D	-0.03%
WSC	D	-0.03%
RGEN	F	-0.03%
LAD	D	-0.03%
PEN	D	-0.03%
CZR	C	-0.03%
WEX	C	-0.03%
LBRDK	F	-0.03%
MEDP	F	-0.03%
PAYC	D	-0.03%
GNRC	D	-0.03%
CHE	C	-0.03%
OLED	C	-0.03%
DAY	D	-0.03%
ROKU	C	-0.03%
SOLV	C	-0.03%
CHDN	C	-0.03%
W	D	-0.02%
WLK	D	-0.02%
U	D	-0.02%
PATH	D	-0.02%
MASI	F	-0.02%
CELH	F	-0.02%
BILL	D	-0.02%
FIVE	D	-0.02%
PCOR	F	-0.02%
CLF	F	-0.02%
ESTC	F	-0.02%
NOV	F	-0.02%
ETSY	F	-0.02%
BIO	C	-0.02%
JAZZ	D	-0.02%
PCTY	C	-0.02%
WCC	D	-0.02%
PLUG	F	-0.01%
FIVN	F	-0.01%
CACC	F	-0.01%
RCM	C	-0.01%
ZI	D	-0.01%
RH	B	-0.01%
NFE	F	-0.0%
UI	B	-0.0%
AGL	F	-0.0%
SEDG	F	-0.0%