NACP vs. ULVM ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to VictoryShares USAA MSCI USA Value Momentum ETF (ULVM)

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

$40.65

Average Daily Volume

2,485

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$80.33

Average Daily Volume

662

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

Performance

Period	NACP	ULVM
30 Days	2.07%	3.88%
60 Days	3.38%	4.91%
90 Days	3.52%	7.41%
12 Months	30.45%	29.63%

49 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in ULVM	Overlap
ADM	D	0.11%	0.5%	0.11%
AVB	B	0.11%	1.08%	0.11%
AXP	B	0.56%	0.91%	0.56%
BAC	D	0.99%	0.8%	0.8%
BK	B	0.17%	1.27%	0.17%
BSX	B	0.41%	1.08%	0.41%
C	C	0.45%	0.84%	0.45%
CI	C	0.37%	0.69%	0.37%
CVS	D	0.27%	0.58%	0.27%
DAL	C	0.09%	0.55%	0.09%
DELL	D	0.54%	0.25%	0.25%
DGX	B	0.06%	1.06%	0.06%
DUK	C	0.32%	1.31%	0.32%
ED	C	0.12%	1.2%	0.12%
ELV	C	0.47%	1.08%	0.47%
ETN	C	0.44%	0.71%	0.44%
ETR	B	0.08%	1.09%	0.08%
EXC	C	0.15%	0.88%	0.15%
F	F	0.15%	0.49%	0.15%
FDX	C	0.25%	0.83%	0.25%
GE	B	0.69%	0.72%	0.69%
GM	C	0.18%	0.68%	0.18%
GOOGL	D	2.41%	0.57%	0.57%
HPQ	D	0.62%	0.61%	0.61%
IBM	B	3.08%	1.03%	1.03%
INTC	F	1.52%	0.3%	0.3%
IR	C	0.12%	0.82%	0.12%
JPM	D	2.39%	1.19%	1.19%
KHC	C	0.12%	0.97%	0.12%
KR	C	0.13%	0.91%	0.13%
META	B	3.63%	0.55%	0.55%
MLM	D	0.12%	0.76%	0.12%
MPC	F	0.23%	0.63%	0.23%
MU	F	1.75%	0.35%	0.35%
NVDA	D	4.9%	0.41%	0.41%
OC	D	0.05%	0.56%	0.05%
PFE	C	0.62%	0.74%	0.62%
PSX	F	0.22%	0.71%	0.22%
RCL	B	0.12%	0.65%	0.12%
SYF	C	0.08%	0.75%	0.08%
T	C	0.45%	1.03%	0.45%
TSN	C	0.07%	0.96%	0.07%
TXT	D	0.06%	0.84%	0.06%
UAL	C	0.05%	0.42%	0.05%
UBER	C	2.29%	0.59%	0.59%
URI	B	0.18%	0.55%	0.18%
VLO	F	0.17%	0.59%	0.17%
VST	C	0.11%	0.39%	0.11%
VZ	B	2.26%	0.85%	0.85%

NACP Overweight 147 Positions Relative to ULVM

Symbol	Grade	Weight
AAPL	C	5.03%
MSFT	C	4.63%
AMZN	C	4.47%
ACN	C	3.58%
QCOM	D	3.18%
TSLA	C	2.22%
GOOG	D	2.16%
XOM	C	2.0%
UNH	C	1.95%
PANW	D	1.81%
V	C	1.53%
JNJ	C	1.44%
MA	B	1.4%
ABBV	C	1.22%
CVX	D	1.04%
MRK	D	1.03%
KO	C	0.99%
PEP	C	0.92%
TMO	B	0.83%
WMT	C	0.73%
ABT	C	0.69%
NEE	C	0.66%
DHR	B	0.64%
UNP	C	0.56%
SPGI	B	0.55%
LOW	B	0.51%
COP	D	0.49%
MS	D	0.47%
HON	D	0.46%
EA	D	0.45%
MDT	C	0.42%
PLD	C	0.42%
ADP	B	0.4%
BA	F	0.38%
MELI	B	0.38%
DE	B	0.36%
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%
EQIX	C	0.29%
TT	B	0.29%
NOC	B	0.29%
PNC	B	0.27%
PYPL	B	0.27%
ITW	C	0.27%
MMM	B	0.26%
MCO	B	0.26%
FCX	D	0.25%
AON	B	0.24%
CSX	D	0.24%
BDX	D	0.23%
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%
MAR	C	0.19%
OKE	B	0.18%
SRE	C	0.18%
TRV	C	0.18%
CCI	C	0.18%
D	C	0.18%
MET	B	0.17%
JCI	B	0.17%
HLT	B	0.17%
LNG	C	0.16%
IPG	C	0.16%
LHX	C	0.16%
KMI	B	0.15%
HES	F	0.15%
CMI	C	0.15%
EW	F	0.15%
DD	B	0.14%
PEG	B	0.14%
A	C	0.14%
HWM	B	0.14%
OTIS	C	0.13%
AME	C	0.13%
VRSK	D	0.13%
VMC	D	0.12%
XEL	B	0.12%
ROK	D	0.11%
EBAY	B	0.11%
EIX	C	0.11%
RMD	C	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%
APTV	D	0.08%
SBAC	C	0.08%
PPL	C	0.08%
FE	C	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%
CLX	C	0.07%
BAH	C	0.07%
BAX	C	0.07%
K	B	0.07%
ILMN	C	0.07%
HBAN	B	0.07%
RF	B	0.07%
SWK	B	0.06%
LUV	C	0.06%
DOC	C	0.06%
HUBB	B	0.06%
SJM	C	0.05%
AMH	C	0.05%
NI	B	0.05%
ACM	B	0.05%
NDSN	C	0.05%
LNT	B	0.05%
AES	C	0.05%
JBHT	D	0.05%
BG	D	0.05%
CF	C	0.05%
CPB	C	0.04%
REG	C	0.04%
LECO	F	0.04%
TFX	C	0.04%
ALB	D	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 73 Positions Relative to ULVM

Symbol	Grade	Weight
BRK.A	C	-1.75%
L	C	-1.42%
REGN	C	-1.33%
HIG	B	-1.32%
SSNC	B	-1.25%
CTSH	C	-1.17%
PKG	B	-1.11%
COST	B	-1.1%
IRM	C	-1.09%
VICI	C	-1.09%
GD	B	-1.07%
LDOS	B	-1.04%
LYB	D	-1.02%
FOXA	B	-1.02%
AIG	D	-1.01%
CAH	C	-1.0%
APH	D	-1.0%
MCK	F	-0.98%
ESS	B	-0.96%
GS	C	-0.95%
NVR	B	-0.94%
CBRE	A	-0.92%
HCA	B	-0.92%
WAB	B	-0.91%
SPG	B	-0.9%
PH	B	-0.89%
FNF	B	-0.89%
CPRT	D	-0.88%
TDG	B	-0.87%
WY	C	-0.86%
NWSA	D	-0.86%
KIM	C	-0.85%
AKAM	D	-0.85%
GDDY	C	-0.84%
CNC	D	-0.82%
PCAR	D	-0.81%
CMG	C	-0.79%
WFC	D	-0.79%
GPN	D	-0.78%
COF	B	-0.78%
HST	C	-0.78%
DHI	B	-0.77%
VTRS	D	-0.75%
KKR	B	-0.75%
LLY	C	-0.75%
DLR	B	-0.72%
UHAL	A	-0.72%
FANG	D	-0.72%
PHM	B	-0.72%
FCNCA	D	-0.72%
LEN	B	-0.71%
CSL	B	-0.71%
FITB	B	-0.68%
CFG	C	-0.66%
DPZ	F	-0.65%
SWKS	D	-0.65%
CRBG	D	-0.62%
WLK	D	-0.62%
NUE	F	-0.6%
KEY	B	-0.6%
HPE	D	-0.6%
STLD	F	-0.59%
CE	F	-0.58%
AVGO	C	-0.57%
ARE	C	-0.53%
EXPE	C	-0.51%
WDC	D	-0.46%
BLDR	C	-0.44%
CRWD	D	-0.38%
JBL	D	-0.37%
VRT	C	-0.31%
MRNA	F	-0.18%
SMCI	F	-0.13%