NACP vs. SPDG ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)

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

SPDG

SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG Description

SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund 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 companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. It seeks to track the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index, by using representative sampling technique. SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$38.60

Average Daily Volume

1,534

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	NACP	SPDG
30 Days	2.08%	1.42%
60 Days	4.48%	2.99%
90 Days	6.57%	5.95%
12 Months	32.92%	30.67%

76 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in SPDG	Overlap
ABBV	D	1.22%	1.27%	1.22%
ABT	B	0.69%	0.83%	0.69%
ACN	C	3.58%	2.57%	2.57%
ADP	B	0.4%	0.5%	0.4%
AEP	D	0.19%	0.27%	0.19%
BAX	D	0.07%	0.07%	0.07%
BDX	F	0.23%	0.27%	0.23%
BK	A	0.17%	0.58%	0.17%
BMY	B	0.35%	0.47%	0.35%
C	A	0.45%	1.39%	0.45%
CCI	D	0.18%	0.54%	0.18%
CF	B	0.05%	0.14%	0.05%
CI	F	0.37%	0.41%	0.37%
CLX	B	0.07%	0.11%	0.07%
CMI	A	0.15%	0.21%	0.15%
CPB	D	0.04%	0.04%	0.04%
CVS	D	0.27%	0.33%	0.27%
CVX	A	1.04%	0.94%	0.94%
DE	A	0.36%	0.45%	0.36%
DGX	A	0.06%	0.07%	0.06%
DUK	C	0.32%	0.43%	0.32%
EIX	B	0.11%	0.17%	0.11%
EMN	D	0.04%	0.11%	0.04%
EMR	A	0.22%	0.32%	0.22%
ES	D	0.08%	0.11%	0.08%
ETN	A	0.44%	0.59%	0.44%
ETR	B	0.08%	0.15%	0.08%
EXC	C	0.15%	0.2%	0.15%
FDX	B	0.25%	0.29%	0.25%
FE	C	0.08%	0.11%	0.08%
GILD	C	0.35%	0.43%	0.35%
HBAN	A	0.07%	0.26%	0.07%
HON	B	0.46%	0.64%	0.46%
HPQ	B	0.62%	0.43%	0.43%
HRL	D	0.03%	0.04%	0.03%
HUBB	B	0.06%	0.1%	0.06%
IBM	C	3.08%	2.33%	2.33%
IPG	D	0.16%	0.43%	0.16%
ITW	B	0.27%	0.33%	0.27%
JNJ	D	1.44%	1.53%	1.44%
K	A	0.07%	0.11%	0.07%
KMI	A	0.15%	0.17%	0.15%
KO	D	0.99%	1.26%	0.99%
LECO	B	0.04%	0.05%	0.04%
LHX	C	0.16%	0.19%	0.16%
LOW	D	0.51%	1.56%	0.51%
MDT	D	0.42%	0.46%	0.42%
MET	A	0.17%	0.51%	0.17%
MRK	F	1.03%	1.09%	1.03%
MS	A	0.47%	1.55%	0.47%
NOC	D	0.29%	0.29%	0.29%
NSC	B	0.2%	0.25%	0.2%
OC	A	0.05%	0.07%	0.05%
OKE	A	0.18%	0.22%	0.18%
PEP	F	0.92%	1.06%	0.92%
PFE	D	0.62%	0.59%	0.59%
PFG	D	0.03%	0.19%	0.03%
PNC	B	0.27%	0.86%	0.27%
PPG	F	0.1%	0.26%	0.1%
PSX	C	0.22%	0.2%	0.2%
QCOM	F	3.18%	2.22%	2.22%
RF	A	0.07%	0.25%	0.07%
ROK	B	0.11%	0.14%	0.11%
SJM	D	0.05%	0.06%	0.05%
SO	D	0.35%	0.47%	0.35%
SWK	D	0.06%	0.06%	0.06%
TFC	A	0.22%	0.66%	0.22%
TROW	B	0.09%	0.27%	0.09%
TSN	B	0.07%	0.09%	0.07%
UNH	C	1.95%	2.35%	1.95%
UNP	C	0.56%	0.66%	0.56%
UPS	C	0.35%	0.42%	0.35%
VLO	C	0.17%	0.17%	0.17%
VZ	C	2.26%	7.54%	2.26%
WEC	A	0.1%	0.15%	0.1%
XOM	B	2.0%	1.84%	1.84%

NACP Overweight 121 Positions Relative to SPDG

Symbol	Grade	Weight
AAPL	C	5.03%
NVDA	C	4.9%
MSFT	F	4.63%
AMZN	C	4.47%
META	D	3.63%
GOOGL	C	2.41%
JPM	A	2.39%
UBER	D	2.29%
TSLA	B	2.22%
GOOG	C	2.16%
PANW	C	1.81%
MU	D	1.75%
V	A	1.53%
INTC	D	1.52%
MA	C	1.4%
BAC	A	0.99%
TMO	F	0.83%
WMT	A	0.73%
GE	D	0.69%
NEE	D	0.66%
DHR	F	0.64%
AXP	A	0.56%
SPGI	C	0.55%
DELL	C	0.54%
COP	C	0.49%
ELV	F	0.47%
EA	A	0.45%
T	A	0.45%
PLD	D	0.42%
BSX	B	0.41%
BA	F	0.38%
MELI	D	0.38%
MDLZ	F	0.36%
NKE	D	0.36%
SCHW	B	0.33%
EQIX	A	0.29%
TT	A	0.29%
PYPL	B	0.27%
MMM	D	0.26%
MCO	B	0.26%
FCX	D	0.25%
AON	A	0.24%
CSX	B	0.24%
MPC	D	0.23%
NEM	D	0.22%
ECL	D	0.21%
WMB	A	0.19%
MAR	B	0.19%
SRE	A	0.18%
TRV	B	0.18%
D	C	0.18%
GM	B	0.18%
URI	B	0.18%
JCI	C	0.17%
HLT	A	0.17%
LNG	B	0.16%
HES	B	0.15%
EW	C	0.15%
F	C	0.15%
DD	D	0.14%
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%
EBAY	D	0.11%
VST	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
HSY	F	0.1%
DVN	F	0.1%
BIIB	F	0.1%
PCG	A	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%
NDAQ	A	0.08%
DTE	C	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
BAH	F	0.07%
LH	C	0.07%
ILMN	D	0.07%
LUV	C	0.06%
DOC	D	0.06%
TXT	D	0.06%
AMH	D	0.05%
NI	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%
REG	B	0.04%
TFX	F	0.04%
ALB	C	0.04%
USFD	A	0.04%
WBA	F	0.03%
BWA	D	0.03%
SCCO	F	0.03%
MOS	F	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 194 Positions Relative to SPDG

Symbol	Grade	Weight
AVGO	D	-9.3%
HD	A	-4.14%
ORCL	B	-3.47%
CSCO	B	-2.63%
TXN	C	-2.27%
MCD	D	-2.13%
GS	A	-1.87%
ADI	D	-1.25%
SBUX	A	-1.15%
PM	B	-0.92%
CAT	B	-0.81%
USB	A	-0.79%
AMGN	D	-0.64%
APD	A	-0.59%
O	D	-0.55%
LMT	D	-0.51%
MO	A	-0.48%
PRU	A	-0.47%
MCHP	D	-0.44%
GLW	B	-0.41%
PH	A	-0.39%
TGT	F	-0.37%
MTB	A	-0.35%
GRMN	B	-0.35%
HPE	B	-0.35%
WM	A	-0.34%
FITB	A	-0.33%
GD	F	-0.32%
TSCO	D	-0.31%
STT	A	-0.3%
NTAP	C	-0.3%
EQR	B	-0.28%
STX	D	-0.26%
CINF	A	-0.25%
KMB	D	-0.24%
KVUE	A	-0.23%
GPC	D	-0.22%
CFG	B	-0.22%
MAA	B	-0.21%
NTRS	A	-0.21%
LYB	F	-0.2%
KEY	B	-0.19%
GIS	D	-0.19%
NXST	C	-0.19%
FAST	B	-0.19%
BBY	D	-0.19%
SYY	B	-0.19%
RSG	A	-0.18%
PAYX	C	-0.18%
SWKS	F	-0.17%
FNF	B	-0.17%
PKG	A	-0.17%
AVY	D	-0.15%
UDR	B	-0.15%
RPM	A	-0.14%
JNPR	F	-0.14%
AMCR	D	-0.13%
CUBE	D	-0.13%
BXP	D	-0.12%
CAH	B	-0.12%
JEF	A	-0.12%
DOV	A	-0.12%
UNM	A	-0.12%
CCOI	B	-0.12%
DKS	C	-0.12%
FHN	A	-0.11%
ALLY	C	-0.11%
OHI	C	-0.11%
BR	A	-0.11%
ORI	A	-0.1%
WBS	A	-0.1%
ADC	B	-0.09%
WSO	A	-0.09%
CMA	A	-0.09%
NNN	D	-0.09%
LDOS	C	-0.09%
HAS	D	-0.09%
HRB	D	-0.09%
FRT	B	-0.09%
SNV	B	-0.08%
CFR	B	-0.08%
PB	A	-0.08%
ZION	B	-0.08%
WHR	B	-0.07%
STWD	C	-0.07%
CADE	B	-0.07%
CAG	D	-0.07%
ONB	B	-0.07%
BEN	C	-0.07%
CE	F	-0.07%
GPK	C	-0.07%
SNA	A	-0.07%
EVRG	A	-0.07%
FAF	A	-0.07%
MAS	D	-0.07%
RDN	C	-0.06%
AVT	C	-0.06%
CHRW	C	-0.06%
JHG	A	-0.06%
UBSI	B	-0.06%
LNC	B	-0.06%
FNB	A	-0.06%
FMC	D	-0.06%
COLB	A	-0.06%
GBCI	B	-0.06%
ALLE	D	-0.05%
PNW	B	-0.05%
CBT	C	-0.05%
CTRE	D	-0.05%
OZK	B	-0.05%
IDCC	A	-0.05%
NVT	B	-0.05%
DLB	B	-0.05%
HII	D	-0.04%
FHB	A	-0.04%
CDP	C	-0.04%
NSA	D	-0.04%
CBU	B	-0.04%
CATY	B	-0.04%
SLGN	A	-0.04%
DCI	B	-0.04%
TTC	D	-0.04%
KRC	C	-0.04%
ASB	B	-0.04%
PII	D	-0.04%
AVNT	B	-0.04%
AUB	B	-0.04%
INGR	B	-0.04%
FULT	A	-0.04%
WU	D	-0.04%
SON	D	-0.04%
AOS	F	-0.04%
UCB	A	-0.04%
OGE	B	-0.04%
VLY	B	-0.04%
SEE	C	-0.04%
SMG	D	-0.03%
CC	C	-0.03%
UGI	A	-0.03%
CVBF	A	-0.03%
OSK	B	-0.03%
NFG	A	-0.03%
SXT	B	-0.03%
LCII	C	-0.03%
FFBC	A	-0.03%
FCPT	C	-0.03%
SFNC	B	-0.03%
ABR	C	-0.03%
FLS	B	-0.03%
INDB	B	-0.03%
BOH	B	-0.03%
WAFD	B	-0.03%
RHI	B	-0.03%
DTM	B	-0.03%
FHI	A	-0.03%
NEU	C	-0.03%
ASH	D	-0.03%
R	B	-0.03%
BKU	A	-0.03%
HASI	D	-0.03%
HIW	D	-0.03%
NWE	B	-0.02%
XRAY	F	-0.02%
MSM	C	-0.02%
KFY	B	-0.02%
ALE	A	-0.02%
OGN	D	-0.02%
TKR	D	-0.02%
PZZA	D	-0.02%
OGS	A	-0.02%
TRMK	B	-0.02%
SR	A	-0.02%
FLO	D	-0.02%
POR	C	-0.02%
SWX	B	-0.02%
MMS	F	-0.02%
BKH	A	-0.02%
VSH	D	-0.02%
GATX	A	-0.02%
BANR	B	-0.02%
PDCO	D	-0.01%
KMT	B	-0.01%
HI	C	-0.01%
B	B	-0.01%
ENR	B	-0.01%
WERN	C	-0.01%
NAVI	C	-0.01%
TRN	C	-0.01%
NSP	D	-0.01%
MAN	D	-0.01%
ABM	B	-0.01%
AVA	A	-0.01%
BRC	D	-0.01%
PRGO	B	-0.01%