NACP vs. SPYV ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

$42.82

Average Daily Volume

3,297

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.92

Average Daily Volume

2,509,599

Number of Holdings ^*

432

* may have additional holdings in another (foreign) market

Performance

Period	NACP	SPYV
30 Days	2.08%	1.30%
60 Days	6.51%	4.10%
90 Days	9.98%	7.87%
12 Months	37.37%	30.17%

169 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in SPYV	Overlap
A	F	0.14%	0.19%	0.14%
ABBV	D	1.22%	1.04%	1.04%
ABT	B	0.69%	0.94%	0.69%
ACN	C	3.58%	0.49%	0.49%
ADM	F	0.11%	0.12%	0.11%
ADP	A	0.4%	0.35%	0.35%
AEP	D	0.19%	0.24%	0.19%
AES	F	0.05%	0.05%	0.05%
ALB	C	0.04%	0.05%	0.04%
AME	A	0.13%	0.11%	0.11%
AON	A	0.24%	0.19%	0.19%
APTV	F	0.08%	0.07%	0.07%
AVB	B	0.11%	0.15%	0.11%
AXP	B	0.56%	0.23%	0.23%
BA	F	0.38%	0.29%	0.29%
BAC	A	0.99%	1.41%	0.99%
BAX	F	0.07%	0.09%	0.07%
BDX	D	0.23%	0.31%	0.23%
BG	D	0.05%	0.06%	0.05%
BIIB	F	0.1%	0.12%	0.1%
BK	B	0.17%	0.27%	0.17%
BMY	B	0.35%	0.52%	0.35%
BSX	A	0.41%	0.27%	0.27%
BWA	B	0.03%	0.04%	0.03%
C	B	0.45%	0.61%	0.45%
CCI	F	0.18%	0.21%	0.18%
CF	B	0.05%	0.03%	0.03%
CI	D	0.37%	0.42%	0.37%
CLX	B	0.07%	0.09%	0.07%
CMI	B	0.15%	0.23%	0.15%
CMS	D	0.07%	0.09%	0.07%
COP	C	0.49%	0.19%	0.19%
CPB	F	0.04%	0.04%	0.04%
CSX	B	0.24%	0.16%	0.16%
CVS	F	0.27%	0.34%	0.27%
CVX	B	1.04%	1.25%	1.04%
D	D	0.18%	0.22%	0.18%
DAL	A	0.09%	0.08%	0.08%
DD	D	0.14%	0.17%	0.14%
DE	D	0.36%	0.21%	0.21%
DELL	C	0.54%	0.09%	0.09%
DGX	A	0.06%	0.08%	0.06%
DHR	F	0.64%	0.74%	0.64%
DOC	C	0.06%	0.07%	0.06%
DTE	D	0.08%	0.11%	0.08%
DUK	D	0.32%	0.4%	0.32%
DVN	F	0.1%	0.11%	0.1%
EA	A	0.45%	0.1%	0.1%
EBAY	D	0.11%	0.14%	0.11%
ECL	D	0.21%	0.14%	0.14%
ED	D	0.12%	0.16%	0.12%
EIX	D	0.11%	0.15%	0.11%
ELV	F	0.47%	0.47%	0.47%
EMN	D	0.04%	0.06%	0.04%
EMR	A	0.22%	0.34%	0.22%
EQIX	C	0.29%	0.21%	0.21%
ES	F	0.08%	0.1%	0.08%
ETN	A	0.44%	0.26%	0.26%
ETR	B	0.08%	0.15%	0.08%
EW	F	0.15%	0.12%	0.12%
EXC	D	0.15%	0.18%	0.15%
EXPD	F	0.07%	0.05%	0.05%
F	C	0.15%	0.2%	0.15%
FCX	F	0.25%	0.16%	0.16%
FDX	B	0.25%	0.3%	0.25%
FE	D	0.08%	0.1%	0.08%
GE	C	0.69%	0.52%	0.52%
GILD	B	0.35%	0.57%	0.35%
GM	B	0.18%	0.29%	0.18%
HBAN	A	0.07%	0.12%	0.07%
HON	B	0.46%	0.66%	0.46%
HPQ	B	0.62%	0.17%	0.17%
HRL	F	0.03%	0.04%	0.03%
HSY	D	0.1%	0.07%	0.07%
HUBB	B	0.06%	0.06%	0.06%
HWM	B	0.14%	0.09%	0.09%
IBM	D	3.08%	0.92%	0.92%
IFF	F	0.09%	0.11%	0.09%
INTC	C	1.52%	0.52%	0.52%
IPG	F	0.16%	0.05%	0.05%
IR	A	0.12%	0.05%	0.05%
ITW	B	0.27%	0.19%	0.19%
JBHT	B	0.05%	0.07%	0.05%
JCI	B	0.17%	0.26%	0.17%
JNJ	F	1.44%	1.76%	1.44%
JPM	B	2.39%	3.14%	2.39%
K	A	0.07%	0.1%	0.07%
KHC	F	0.12%	0.14%	0.12%
KMI	A	0.15%	0.24%	0.15%
KO	F	0.99%	0.7%	0.7%
KR	A	0.13%	0.18%	0.13%
LH	B	0.07%	0.09%	0.07%
LHX	B	0.16%	0.23%	0.16%
LNT	C	0.05%	0.07%	0.05%
LOW	B	0.51%	0.71%	0.51%
LUV	B	0.06%	0.09%	0.06%
MA	A	1.4%	0.56%	0.56%
MCO	C	0.26%	0.18%	0.18%
MDLZ	F	0.36%	0.24%	0.24%
MDT	D	0.42%	0.53%	0.42%
MET	C	0.17%	0.22%	0.17%
MLM	B	0.12%	0.06%	0.06%
MMM	D	0.26%	0.34%	0.26%
MOS	D	0.03%	0.04%	0.03%
MPC	D	0.23%	0.11%	0.11%
MRK	F	1.03%	0.72%	0.72%
MS	A	0.47%	0.75%	0.47%
MU	C	1.75%	0.59%	0.59%
NDAQ	B	0.08%	0.15%	0.08%
NDSN	B	0.05%	0.07%	0.05%
NEE	D	0.66%	0.72%	0.66%
NEM	F	0.22%	0.24%	0.22%
NI	A	0.05%	0.07%	0.05%
NKE	F	0.36%	0.24%	0.24%
NOC	C	0.29%	0.33%	0.29%
NRG	B	0.07%	0.09%	0.07%
NSC	B	0.2%	0.29%	0.2%
OKE	A	0.18%	0.11%	0.11%
OTIS	D	0.13%	0.12%	0.12%
PCG	A	0.09%	0.2%	0.09%
PEG	D	0.14%	0.2%	0.14%
PEP	F	0.92%	0.67%	0.67%
PFE	F	0.62%	0.73%	0.62%
PFG	C	0.03%	0.09%	0.03%
PLD	F	0.42%	0.49%	0.42%
PNC	A	0.27%	0.38%	0.27%
PPG	F	0.1%	0.14%	0.1%
PPL	A	0.08%	0.11%	0.08%
PSX	D	0.22%	0.25%	0.22%
PYPL	B	0.27%	0.39%	0.27%
QCOM	F	3.18%	0.43%	0.43%
REG	B	0.04%	0.06%	0.04%
RF	A	0.07%	0.11%	0.07%
RMD	B	0.11%	0.17%	0.11%
ROK	B	0.11%	0.08%	0.08%
SBAC	D	0.08%	0.07%	0.07%
SCHW	A	0.33%	0.51%	0.33%
SJM	F	0.05%	0.06%	0.05%
SO	D	0.35%	0.44%	0.35%
SPGI	D	0.55%	0.42%	0.42%
SRE	A	0.18%	0.27%	0.18%
SWK	F	0.06%	0.07%	0.06%
SYF	B	0.08%	0.12%	0.08%
T	C	0.45%	0.74%	0.45%
TAP	B	0.03%	0.05%	0.03%
TFC	A	0.22%	0.29%	0.22%
TFX	F	0.04%	0.04%	0.04%
TMO	F	0.83%	0.62%	0.62%
TROW	B	0.09%	0.13%	0.09%
TRV	B	0.18%	0.27%	0.18%
TSN	C	0.07%	0.08%	0.07%
TT	A	0.29%	0.13%	0.13%
TXT	D	0.06%	0.08%	0.06%
UAL	A	0.05%	0.13%	0.05%
UNH	B	1.95%	1.62%	1.62%
UNP	D	0.56%	0.38%	0.38%
UPS	D	0.35%	0.46%	0.35%
V	A	1.53%	0.81%	0.81%
VLO	D	0.17%	0.2%	0.17%
VMC	B	0.12%	0.06%	0.06%
VRSK	A	0.13%	0.08%	0.08%
VZ	D	2.26%	0.8%	0.8%
WBA	D	0.03%	0.03%	0.03%
WEC	B	0.1%	0.14%	0.1%
WMB	A	0.19%	0.19%	0.19%
WMT	A	0.73%	1.7%	0.73%
XEL	A	0.12%	0.17%	0.12%
XOM	B	2.0%	2.52%	2.0%
XYL	D	0.11%	0.14%	0.11%

NACP Overweight 28 Positions Relative to SPYV

Symbol	Grade	Weight
AAPL	D	5.03%
NVDA	A	4.9%
MSFT	C	4.63%
AMZN	B	4.47%
META	B	3.63%
GOOGL	B	2.41%
UBER	F	2.29%
TSLA	B	2.22%
GOOG	B	2.16%
PANW	A	1.81%
MELI	D	0.38%
MAR	A	0.19%
URI	B	0.18%
HLT	A	0.17%
LNG	B	0.16%
HES	C	0.15%
RCL	A	0.12%
VST	B	0.11%
LII	B	0.07%
BAH	C	0.07%
ILMN	C	0.07%
AMH	D	0.05%
OC	B	0.05%
ACM	B	0.05%
LECO	B	0.04%
USFD	A	0.04%
SCCO	D	0.03%
CNH	D	0.03%

NACP Underweight 263 Positions Relative to SPYV

Symbol	Grade	Weight
BRK.A	C	-3.94%
HD	B	-1.17%
WFC	B	-1.11%
PG	D	-1.1%
COST	B	-1.1%
CSCO	A	-1.09%
GS	B	-0.86%
DIS	C	-0.84%
AMGN	F	-0.81%
CMCSA	B	-0.8%
RTX	C	-0.75%
TXN	B	-0.58%
PM	C	-0.57%
LMT	D	-0.55%
MCD	D	-0.55%
TMUS	A	-0.53%
LIN	D	-0.5%
CB	D	-0.49%
MO	A	-0.43%
ICE	D	-0.42%
CAT	B	-0.39%
MCK	B	-0.37%
GD	A	-0.37%
WELL	B	-0.37%
USB	B	-0.36%
PGR	B	-0.35%
TGT	C	-0.33%
COF	B	-0.33%
APD	B	-0.32%
ISRG	A	-0.3%
SLB	D	-0.29%
FI	A	-0.27%
MMC	C	-0.25%
GEV	B	-0.25%
AFL	C	-0.25%
AMT	F	-0.25%
ALL	A	-0.24%
CME	B	-0.24%
O	D	-0.23%
AIG	C	-0.23%
TJX	B	-0.22%
ADI	D	-0.22%
VRTX	B	-0.22%
FIS	C	-0.22%
KVUE	A	-0.21%
PRU	B	-0.21%
KMB	F	-0.21%
SHW	B	-0.21%
SBUX	B	-0.21%
CL	F	-0.21%
SYK	A	-0.21%
WM	A	-0.2%
BKR	B	-0.2%
COR	A	-0.2%
CBRE	B	-0.19%
CTSH	A	-0.19%
GEHC	D	-0.19%
CTVA	C	-0.19%
CEG	D	-0.19%
SYY	B	-0.18%
APH	B	-0.18%
ZTS	F	-0.17%
BX	B	-0.17%
GIS	F	-0.17%
STZ	D	-0.17%
KDP	D	-0.17%
GLW	B	-0.17%
HIG	C	-0.16%
CTAS	A	-0.16%
SPG	B	-0.16%
DOW	F	-0.16%
HCA	D	-0.16%
OXY	F	-0.16%
HUM	F	-0.16%
MTB	B	-0.16%
EXR	D	-0.16%
WAB	B	-0.16%
ROP	B	-0.16%
REGN	F	-0.16%
AJG	B	-0.15%
ADSK	B	-0.15%
WTW	A	-0.15%
DLR	B	-0.15%
VICI	D	-0.15%
ABNB	C	-0.15%
CNC	F	-0.15%
CARR	D	-0.15%
MSI	B	-0.15%
RJF	A	-0.14%
PSA	D	-0.14%
FITB	A	-0.14%
DOV	A	-0.13%
HPE	B	-0.13%
PAYX	B	-0.13%
STT	B	-0.13%
GPN	B	-0.13%
CAH	B	-0.13%
KEYS	B	-0.13%
AMP	A	-0.12%
VLTO	D	-0.12%
AWK	D	-0.12%
LDOS	A	-0.12%
HAL	D	-0.12%
SW	C	-0.12%
VTR	C	-0.12%
LYB	F	-0.11%
CINF	A	-0.11%
WDC	D	-0.11%
WY	F	-0.11%
AEE	A	-0.11%
IQV	F	-0.11%
FAST	B	-0.11%
EQT	A	-0.11%
EOG	B	-0.11%
EQR	D	-0.11%
OMC	B	-0.1%
ZBRA	A	-0.1%
CHTR	B	-0.1%
CFG	B	-0.1%
YUM	B	-0.1%
WBD	C	-0.1%
FSLR	F	-0.1%
NTRS	A	-0.1%
PKG	B	-0.1%
ATO	A	-0.1%
ZBH	C	-0.1%
TDY	A	-0.1%
LEN	D	-0.09%
RSG	A	-0.09%
HOLX	D	-0.09%
MTD	F	-0.09%
INVH	D	-0.09%
ORLY	A	-0.09%
ESS	C	-0.09%
CNP	B	-0.09%
MKC	D	-0.09%
MSCI	B	-0.09%
PH	B	-0.09%
DFS	B	-0.09%
EFX	D	-0.09%
IP	B	-0.09%
MCHP	F	-0.08%
AVY	F	-0.08%
AZO	C	-0.08%
KIM	B	-0.08%
IRM	C	-0.08%
MRNA	F	-0.08%
GPC	D	-0.08%
DG	F	-0.08%
ON	D	-0.08%
IEX	B	-0.08%
TRMB	B	-0.08%
BBY	D	-0.08%
ARE	F	-0.08%
KEY	B	-0.08%
CSGP	D	-0.08%
WRB	B	-0.08%
TSCO	D	-0.08%
MAA	C	-0.08%
J	B	-0.08%
BALL	D	-0.08%
TER	D	-0.08%
FFIV	B	-0.07%
EVRG	A	-0.07%
NUE	C	-0.07%
WAT	B	-0.07%
SWKS	F	-0.07%
TTWO	A	-0.07%
PWR	B	-0.07%
AMCR	D	-0.07%
GRMN	A	-0.07%
L	B	-0.07%
NXPI	F	-0.07%
RVTY	C	-0.07%
EL	F	-0.07%
MNST	B	-0.07%
IDXX	D	-0.07%
CDW	F	-0.07%
EG	D	-0.07%
VTRS	B	-0.07%
NTAP	C	-0.07%
GEN	A	-0.07%
PCAR	B	-0.07%
TPR	B	-0.06%
KMX	C	-0.06%
BXP	D	-0.06%
TECH	C	-0.06%
UHS	D	-0.06%
CPT	C	-0.06%
CHRW	B	-0.06%
DLTR	F	-0.06%
JNPR	C	-0.06%
STX	D	-0.06%
UDR	D	-0.06%
JKHY	C	-0.06%
GWW	B	-0.06%
INCY	B	-0.06%
ANSS	B	-0.06%
CAG	F	-0.06%
CHD	B	-0.06%
GL	B	-0.05%
FOXA	A	-0.05%
LKQ	D	-0.05%
PNW	B	-0.05%
SNA	A	-0.05%
SOLV	C	-0.05%
MKTX	C	-0.05%
AIZ	A	-0.05%
PODD	B	-0.05%
CTLT	C	-0.05%
DXCM	C	-0.05%
CRL	C	-0.05%
NWSA	B	-0.05%
BR	A	-0.05%
CBOE	D	-0.04%
MRO	B	-0.04%
FMC	F	-0.04%
MHK	D	-0.04%
ALLE	D	-0.04%
HII	D	-0.04%
STLD	B	-0.04%
ROL	B	-0.04%
EPAM	C	-0.04%
MTCH	F	-0.04%
MAS	D	-0.04%
VRSN	C	-0.04%
MOH	F	-0.04%
IVZ	C	-0.04%
AKAM	F	-0.04%
HAS	D	-0.04%
FRT	C	-0.04%
HSIC	F	-0.04%
PTC	B	-0.04%
STE	F	-0.04%
DPZ	C	-0.04%
FDS	A	-0.04%
DRI	B	-0.04%
FOX	A	-0.03%
BRO	A	-0.03%
DAY	B	-0.03%
POOL	D	-0.03%
ENPH	F	-0.03%
CTRA	C	-0.03%
PAYC	B	-0.03%
ULTA	C	-0.03%
BEN	C	-0.03%
QRVO	F	-0.03%
PARA	C	-0.03%
CCL	A	-0.03%
ALGN	D	-0.03%
LVS	C	-0.03%
JBL	B	-0.03%
AOS	F	-0.02%
NWS	B	-0.02%
CZR	D	-0.02%
LW	C	-0.02%
RL	B	-0.02%
GNRC	B	-0.02%
ERIE	F	-0.02%
HST	C	-0.02%
PNR	B	-0.02%
MGM	F	-0.01%
DVA	C	-0.01%