NACP vs. SUSL ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to iShares ESG MSCI USA Leaders ETF (SUSL)

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

SUSL

iShares ESG MSCI USA Leaders ETF

SUSL Description

The investment seeks to track the investment results of the MSCI Japan Equal Weighted Index (USD) composed of equal weighted Japanese equities. The index is designed to represent an alternative weighting methodology to its market capitalization-weighted parent index, the MSCI Japan Index (the "parent index"). The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$105.82

Average Daily Volume

22,593

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	NACP	SUSL
30 Days	2.08%	3.38%
60 Days	4.48%	5.08%
90 Days	6.57%	6.25%
12 Months	32.92%	32.87%

107 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in SUSL	Overlap
A	D	0.14%	0.14%	0.14%
ACN	C	3.58%	0.82%	0.82%
ADP	B	0.4%	0.45%	0.4%
APTV	D	0.08%	0.05%	0.05%
AXP	A	0.56%	0.61%	0.56%
BG	F	0.05%	0.05%	0.05%
BIIB	F	0.1%	0.08%	0.08%
BK	A	0.17%	0.21%	0.17%
BMY	B	0.35%	0.43%	0.35%
CCI	D	0.18%	0.16%	0.16%
CI	F	0.37%	0.34%	0.34%
CLX	B	0.07%	0.08%	0.07%
CMI	A	0.15%	0.18%	0.15%
CMS	C	0.07%	0.08%	0.07%
CNH	C	0.03%	0.04%	0.03%
CPB	D	0.04%	0.03%	0.03%
CSX	B	0.24%	0.25%	0.24%
DAL	C	0.09%	0.04%	0.04%
DE	A	0.36%	0.41%	0.36%
DGX	A	0.06%	0.07%	0.06%
DHR	F	0.64%	0.57%	0.57%
DOC	D	0.06%	0.06%	0.06%
EA	A	0.45%	0.15%	0.15%
EBAY	D	0.11%	0.11%	0.11%
ECL	D	0.21%	0.23%	0.21%
ED	D	0.12%	0.12%	0.12%
EIX	B	0.11%	0.12%	0.11%
ELV	F	0.47%	0.34%	0.34%
EQIX	A	0.29%	0.32%	0.29%
ES	D	0.08%	0.08%	0.08%
ETN	A	0.44%	0.54%	0.44%
EW	C	0.15%	0.15%	0.15%
EXC	C	0.15%	0.14%	0.14%
EXPD	D	0.07%	0.06%	0.06%
GE	D	0.69%	0.71%	0.69%
GILD	C	0.35%	0.4%	0.35%
GOOG	C	2.16%	3.09%	2.16%
GOOGL	C	2.41%	3.56%	2.41%
HBAN	A	0.07%	0.09%	0.07%
HLT	A	0.17%	0.23%	0.17%
HPQ	B	0.62%	0.13%	0.13%
HRL	D	0.03%	0.03%	0.03%
IBM	C	3.08%	0.74%	0.74%
IFF	D	0.09%	0.08%	0.08%
INTC	D	1.52%	0.38%	0.38%
IPG	D	0.16%	0.04%	0.04%
IR	B	0.12%	0.15%	0.12%
ITW	B	0.27%	0.29%	0.27%
JBHT	C	0.05%	0.05%	0.05%
JCI	C	0.17%	0.2%	0.17%
JNJ	D	1.44%	1.35%	1.35%
K	A	0.07%	0.08%	0.07%
KO	D	0.99%	0.94%	0.94%
KR	B	0.13%	0.15%	0.13%
LH	C	0.07%	0.07%	0.07%
LII	A	0.07%	0.08%	0.07%
LNG	B	0.16%	0.19%	0.16%
LOW	D	0.51%	0.55%	0.51%
MA	C	1.4%	1.55%	1.4%
MCO	B	0.26%	0.28%	0.26%
MELI	D	0.38%	0.32%	0.32%
MLM	B	0.12%	0.13%	0.12%
MMM	D	0.26%	0.25%	0.25%
MPC	D	0.23%	0.2%	0.2%
MRK	F	1.03%	0.91%	0.91%
MS	A	0.47%	0.6%	0.47%
MSFT	F	4.63%	10.54%	4.63%
NDAQ	A	0.08%	0.13%	0.08%
NEM	D	0.22%	0.18%	0.18%
NI	A	0.05%	0.06%	0.05%
NKE	D	0.36%	0.33%	0.33%
NRG	B	0.07%	0.07%	0.07%
NVDA	C	4.9%	13.05%	4.9%
OC	A	0.05%	0.06%	0.05%
OKE	A	0.18%	0.25%	0.18%
PANW	C	1.81%	0.47%	0.47%
PEP	F	0.92%	0.8%	0.8%
PFG	D	0.03%	0.07%	0.03%
PLD	D	0.42%	0.38%	0.38%
PNC	B	0.27%	0.3%	0.27%
PPG	F	0.1%	0.1%	0.1%
PSX	C	0.22%	0.2%	0.2%
PYPL	B	0.27%	0.31%	0.27%
RCL	A	0.12%	0.21%	0.12%
RF	A	0.07%	0.09%	0.07%
ROK	B	0.11%	0.11%	0.11%
SBAC	D	0.08%	0.09%	0.08%
SCHW	B	0.33%	0.44%	0.33%
SJM	D	0.05%	0.04%	0.04%
SPGI	C	0.55%	0.59%	0.55%
SRE	A	0.18%	0.22%	0.18%
SYF	B	0.08%	0.09%	0.08%
TFC	A	0.22%	0.23%	0.22%
TFX	F	0.04%	0.03%	0.03%
TROW	B	0.09%	0.1%	0.09%
TRV	B	0.18%	0.22%	0.18%
TSLA	B	2.22%	3.52%	2.22%
TT	A	0.29%	0.34%	0.29%
UNP	C	0.56%	0.53%	0.53%
UPS	C	0.35%	0.35%	0.35%
URI	B	0.18%	0.2%	0.18%
V	A	1.53%	1.76%	1.53%
VLO	C	0.17%	0.17%	0.17%
VZ	C	2.26%	0.65%	0.65%
WBA	F	0.03%	0.02%	0.02%
WMB	A	0.19%	0.26%	0.19%
XYL	D	0.11%	0.11%	0.11%

NACP Overweight 90 Positions Relative to SUSL

Symbol	Grade	Weight
AAPL	C	5.03%
AMZN	C	4.47%
META	D	3.63%
QCOM	F	3.18%
JPM	A	2.39%
UBER	D	2.29%
XOM	B	2.0%
UNH	C	1.95%
MU	D	1.75%
ABBV	D	1.22%
CVX	A	1.04%
BAC	A	0.99%
TMO	F	0.83%
WMT	A	0.73%
ABT	B	0.69%
NEE	D	0.66%
PFE	D	0.62%
DELL	C	0.54%
COP	C	0.49%
HON	B	0.46%
C	A	0.45%
T	A	0.45%
MDT	D	0.42%
BSX	B	0.41%
BA	F	0.38%
MDLZ	F	0.36%
SO	D	0.35%
DUK	C	0.32%
NOC	D	0.29%
CVS	D	0.27%
FDX	B	0.25%
FCX	D	0.25%
AON	A	0.24%
BDX	F	0.23%
EMR	A	0.22%
NSC	B	0.2%
AEP	D	0.19%
MAR	B	0.19%
D	C	0.18%
GM	B	0.18%
MET	A	0.17%
LHX	C	0.16%
KMI	A	0.15%
HES	B	0.15%
F	C	0.15%
DD	D	0.14%
PEG	A	0.14%
HWM	A	0.14%
OTIS	C	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
XEL	A	0.12%
KHC	F	0.12%
AVB	B	0.11%
VST	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
HSY	F	0.1%
DVN	F	0.1%
WEC	A	0.1%
PCG	A	0.09%
PPL	B	0.08%
FE	C	0.08%
ETR	B	0.08%
DTE	C	0.08%
TSN	B	0.07%
BAH	F	0.07%
BAX	D	0.07%
ILMN	D	0.07%
SWK	D	0.06%
LUV	C	0.06%
HUBB	B	0.06%
TXT	D	0.06%
AMH	D	0.05%
ACM	A	0.05%
NDSN	B	0.05%
UAL	A	0.05%
LNT	A	0.05%
AES	F	0.05%
CF	B	0.05%
REG	B	0.04%
LECO	B	0.04%
ALB	C	0.04%
EMN	D	0.04%
USFD	A	0.04%
BWA	D	0.03%
SCCO	F	0.03%
MOS	F	0.03%
TAP	C	0.03%

NACP Underweight 186 Positions Relative to SUSL

Symbol	Grade	Weight
LLY	F	-2.19%
HD	A	-1.47%
PG	A	-1.47%
CRM	B	-1.18%
ADBE	C	-0.81%
AMD	F	-0.8%
LIN	D	-0.79%
NOW	A	-0.78%
DIS	B	-0.76%
MCD	D	-0.75%
INTU	C	-0.69%
CAT	B	-0.69%
TXN	C	-0.65%
BKNG	A	-0.64%
CMCSA	B	-0.62%
PGR	A	-0.56%
AMGN	D	-0.56%
BLK	C	-0.55%
AMAT	F	-0.53%
TJX	A	-0.49%
FI	A	-0.46%
MMC	B	-0.4%
LRCX	F	-0.35%
AMT	D	-0.34%
ICE	C	-0.33%
SNPS	B	-0.31%
WELL	A	-0.3%
CDNS	B	-0.3%
USB	A	-0.29%
ZTS	D	-0.29%
MRVL	B	-0.29%
CTAS	B	-0.29%
CL	D	-0.27%
ORLY	B	-0.26%
APD	A	-0.26%
ADSK	A	-0.25%
CRH	A	-0.25%
COF	B	-0.25%
HCA	F	-0.24%
SLB	C	-0.23%
AFL	B	-0.22%
DLR	B	-0.22%
CARR	D	-0.22%
WDAY	B	-0.21%
FICO	B	-0.21%
NXPI	D	-0.21%
TGT	F	-0.2%
AMP	A	-0.2%
AZO	C	-0.19%
DASH	A	-0.19%
GWW	B	-0.19%
ALL	A	-0.19%
PWR	A	-0.18%
KMB	D	-0.17%
PAYX	C	-0.17%
FIS	C	-0.17%
DHI	D	-0.17%
DFS	B	-0.16%
TRGP	B	-0.16%
COR	B	-0.16%
BKR	B	-0.16%
AXON	A	-0.16%
PRU	A	-0.16%
IT	C	-0.15%
CBRE	B	-0.15%
TEAM	A	-0.15%
FERG	B	-0.15%
ODFL	B	-0.15%
YUM	B	-0.14%
IRM	D	-0.13%
KDP	D	-0.13%
HUBS	A	-0.13%
HIG	B	-0.13%
GEHC	F	-0.13%
HUM	C	-0.13%
GIS	D	-0.13%
CHTR	C	-0.13%
NUE	C	-0.13%
LULU	C	-0.13%
IQV	D	-0.13%
ACGL	D	-0.13%
WTW	B	-0.12%
RJF	A	-0.12%
IDXX	F	-0.12%
SW	A	-0.11%
TSCO	D	-0.11%
DXCM	D	-0.11%
KEYS	A	-0.11%
ANSS	B	-0.11%
TTWO	A	-0.11%
VLTO	D	-0.1%
BR	A	-0.1%
PHM	D	-0.1%
AWK	D	-0.1%
FTV	C	-0.1%
CHD	B	-0.1%
DECK	A	-0.1%
NVR	D	-0.1%
DOV	A	-0.1%
HAL	C	-0.1%
HPE	B	-0.1%
STT	A	-0.1%
LPLA	A	-0.09%
EME	C	-0.09%
MTD	D	-0.09%
NTAP	C	-0.09%
STE	F	-0.08%
CFG	B	-0.08%
WDC	D	-0.08%
STLD	B	-0.08%
LYB	F	-0.08%
WAT	B	-0.08%
CBOE	B	-0.08%
WSM	B	-0.08%
WY	D	-0.08%
ZBH	C	-0.08%
NTRS	A	-0.08%
ATO	A	-0.08%
PTC	A	-0.08%
WST	C	-0.08%
KEY	B	-0.07%
PODD	C	-0.07%
HOLX	D	-0.07%
FSLR	F	-0.07%
FDS	B	-0.07%
BALL	D	-0.07%
ZS	C	-0.07%
TRU	D	-0.07%
DRI	B	-0.07%
IP	B	-0.07%
COO	D	-0.07%
STX	D	-0.07%
MKC	D	-0.07%
OMC	C	-0.07%
DPZ	C	-0.06%
AVY	D	-0.06%
ALGN	D	-0.06%
ULTA	F	-0.06%
DOCU	A	-0.06%
MANH	D	-0.06%
TWLO	A	-0.06%
GEN	B	-0.06%
GPC	D	-0.06%
EQH	B	-0.06%
IEX	B	-0.06%
MOH	F	-0.06%
TRMB	B	-0.06%
BURL	A	-0.06%
PNR	A	-0.06%
BBY	D	-0.06%
DAY	B	-0.05%
KMX	B	-0.05%
NBIX	C	-0.05%
CHRW	C	-0.05%
CAG	D	-0.05%
AVTR	F	-0.05%
POOL	C	-0.05%
AKAM	D	-0.05%
GGG	B	-0.05%
MKTX	D	-0.04%
NLY	C	-0.04%
LKQ	D	-0.04%
ALLY	C	-0.04%
SOLV	C	-0.04%
WTRG	B	-0.04%
CTLT	B	-0.04%
FOXA	B	-0.04%
LW	C	-0.04%
TECH	D	-0.04%
JNPR	F	-0.04%
AIZ	A	-0.04%
BXP	D	-0.04%
ALLE	D	-0.04%
DINO	D	-0.03%
AZPN	A	-0.03%
ACI	C	-0.03%
RIVN	F	-0.03%
TTC	D	-0.03%
ENPH	F	-0.03%
DVA	B	-0.03%
KNX	B	-0.03%
HSIC	B	-0.03%
FBIN	D	-0.03%
FOX	A	-0.02%
BEN	C	-0.02%
BBWI	D	-0.02%