NACP vs. TGRW ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to T. Rowe Price Growth Stock ETF (TGRW)

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

TGRW

T. Rowe Price Growth Stock ETF

TGRW Description

The investment seeks to provide long-term capital growth. The fund will normally invest at least 80% of its assets in the common stocks of a diversified group of growth companies. While it may invest in companies of any market capitalization, the fund generally seeks investments in stocks of large-capitalization companies with one or more of the following characteristics: strong cash flow and an above-average rate of earnings growth; the ability to sustain earnings momentum during economic downturns; and occupation of a lucrative niche in the economy and the ability to expand even during times of slow economic growth.

Grade (RS Rating)

Last Trade

$37.54

Average Daily Volume

16,181

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	TGRW
30 Days	4.72%	4.76%
60 Days	11.57%	11.62%
90 Days	3.46%	-2.29%
12 Months	35.78%	38.55%

21 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in TGRW	Overlap
AAPL	C	5.03%	9.29%	5.03%
ACN	B	3.58%	0.05%	0.05%
AMZN	C	4.47%	7.97%	4.47%
BA	F	0.38%	0.38%	0.38%
CI	D	0.37%	0.66%	0.37%
DHR	D	0.64%	1.12%	0.64%
GOOG	B	2.16%	0.54%	0.54%
GOOGL	B	2.41%	6.79%	2.41%
INTC	D	1.52%	0.28%	0.28%
MA	A	1.4%	2.03%	1.4%
META	A	3.63%	4.84%	3.63%
MSFT	D	4.63%	12.91%	4.63%
NKE	D	0.36%	0.02%	0.02%
NVDA	B	4.9%	11.77%	4.9%
ROK	D	0.11%	0.3%	0.11%
SCHW	D	0.33%	0.67%	0.33%
TMO	D	0.83%	0.37%	0.37%
TSLA	C	2.22%	1.11%	1.11%
UBER	C	2.29%	1.02%	1.02%
UNH	B	1.95%	1.49%	1.49%
V	B	1.53%	2.39%	1.53%

NACP Overweight 175 Positions Relative to TGRW

Symbol	Grade	Weight
QCOM	D	3.18%
IBM	A	3.08%
JPM	C	2.39%
VZ	C	2.26%
XOM	A	2.0%
PANW	B	1.81%
MU	D	1.75%
JNJ	D	1.44%
ABBV	C	1.22%
CVX	B	1.04%
MRK	F	1.03%
KO	C	0.99%
BAC	B	0.99%
PEP	F	0.92%
WMT	A	0.73%
ABT	C	0.69%
GE	B	0.69%
NEE	C	0.66%
HPQ	B	0.62%
PFE	D	0.62%
AXP	A	0.56%
UNP	F	0.56%
SPGI	C	0.55%
DELL	C	0.54%
LOW	C	0.51%
COP	D	0.49%
ELV	F	0.47%
MS	A	0.47%
HON	C	0.46%
C	B	0.45%
EA	D	0.45%
T	B	0.45%
ETN	B	0.44%
MDT	C	0.42%
PLD	D	0.42%
BSX	A	0.41%
ADP	A	0.4%
MELI	D	0.38%
DE	C	0.36%
MDLZ	D	0.36%
BMY	A	0.35%
UPS	D	0.35%
GILD	A	0.35%
SO	A	0.35%
DUK	C	0.32%
EQIX	C	0.29%
TT	A	0.29%
NOC	B	0.29%
PNC	C	0.27%
CVS	D	0.27%
PYPL	A	0.27%
ITW	C	0.27%
MMM	C	0.26%
MCO	D	0.26%
FDX	F	0.25%
FCX	B	0.25%
AON	A	0.24%
CSX	D	0.24%
MPC	D	0.23%
BDX	C	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%
GM	D	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%
CMI	A	0.15%
EW	F	0.15%
F	D	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%
EBAY	A	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%
BIIB	F	0.1%
PCG	C	0.09%
TROW	D	0.09%
IFF	D	0.09%
DAL	C	0.09%
SYF	A	0.08%
APTV	D	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%
ILMN	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%
CNH	C	0.03%
TAP	D	0.03%

NACP Underweight 49 Positions Relative to TGRW

Symbol	Grade	Weight
LLY	D	-3.41%
NFLX	A	-1.59%
NOW	B	-1.5%
ISRG	C	-1.46%
ASML	F	-1.42%
INTU	F	-1.32%
ADBE	F	-1.1%
CMG	C	-0.88%
SHOP	B	-0.83%
TDY	A	-0.75%
DG	F	-0.72%
SPOT	C	-0.7%
SNPS	F	-0.69%
TEAM	D	-0.64%
ADSK	B	-0.64%
AMD	C	-0.64%
LRCX	D	-0.63%
ROP	D	-0.63%
CPNG	C	-0.61%
CRM	B	-0.55%
TSM	B	-0.54%
PINS	D	-0.53%
CB	A	-0.52%
RIVN	F	-0.5%
FTNT	A	-0.47%
LIN	C	-0.47%
ARGX	C	-0.47%
ODFL	F	-0.46%
SYK	C	-0.42%
DT	B	-0.33%
BKNG	B	-0.28%
SBUX	B	-0.23%
LEGN	F	-0.21%
SNOW	F	-0.2%
FND	C	-0.2%
SLB	D	-0.13%
TRU	C	-0.12%
MDB	D	-0.12%
TMUS	A	-0.1%
IDXX	D	-0.1%
VRTX	D	-0.1%
ZTS	C	-0.08%
CTAS	C	-0.07%
ROST	D	-0.06%
LVS	B	-0.06%
APH	D	-0.05%
DAY	C	-0.04%
MNDY	B	-0.03%
AUR	C	-0.03%