NACP vs. VFVA ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Vanguard Wellington Fund ETF (VFVA)

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

$40.95

Average Daily Volume

3,563

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$119.03

Average Daily Volume

26,591

Number of Holdings ^*

556

* may have additional holdings in another (foreign) market

Performance

Period	NACP	VFVA
30 Days	2.87%	0.55%
60 Days	7.16%	-2.30%
90 Days	2.48%	7.60%
12 Months	34.60%	26.08%

61 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in VFVA	Overlap
ADM	F	0.11%	0.44%	0.11%
BAC	D	0.99%	0.88%	0.88%
BDX	C	0.23%	0.15%	0.15%
BG	F	0.05%	0.26%	0.05%
BK	C	0.17%	0.47%	0.17%
BMY	B	0.35%	0.76%	0.35%
BWA	C	0.03%	0.19%	0.03%
C	C	0.45%	0.84%	0.45%
CF	A	0.05%	0.11%	0.05%
CI	D	0.37%	0.67%	0.37%
COP	D	0.49%	0.54%	0.49%
CVS	C	0.27%	1.02%	0.27%
CVX	B	1.04%	0.77%	0.77%
DAL	C	0.09%	0.21%	0.09%
DE	B	0.36%	0.08%	0.08%
DGX	C	0.06%	0.04%	0.04%
DVN	F	0.1%	0.02%	0.02%
EBAY	A	0.11%	0.04%	0.04%
ELV	F	0.47%	0.08%	0.08%
EMN	C	0.04%	0.09%	0.04%
F	D	0.15%	0.99%	0.15%
FCX	B	0.25%	0.44%	0.25%
FDX	F	0.25%	1.09%	0.25%
GILD	A	0.35%	0.58%	0.35%
GM	D	0.18%	1.11%	0.18%
GOOG	B	2.16%	0.07%	0.07%
HBAN	D	0.07%	0.07%	0.07%
HPQ	B	0.62%	0.5%	0.5%
IBM	A	3.08%	0.16%	0.16%
INTC	D	1.52%	0.25%	0.25%
JNJ	D	1.44%	0.19%	0.19%
JPM	D	2.39%	0.64%	0.64%
KHC	F	0.12%	0.21%	0.12%
KMI	A	0.15%	0.11%	0.11%
KR	C	0.13%	0.22%	0.13%
MDT	C	0.42%	0.41%	0.41%
MET	B	0.17%	0.49%	0.17%
MMM	C	0.26%	0.06%	0.06%
MOS	F	0.03%	0.19%	0.03%
MPC	C	0.23%	0.7%	0.23%
MS	B	0.47%	0.34%	0.34%
OC	C	0.05%	0.08%	0.05%
PFE	D	0.62%	0.65%	0.62%
PFG	C	0.03%	0.06%	0.03%
PNC	C	0.27%	0.31%	0.27%
PSX	D	0.22%	0.86%	0.22%
PYPL	C	0.27%	0.2%	0.2%
QCOM	C	3.18%	0.07%	0.07%
RF	C	0.07%	0.11%	0.07%
SCHW	D	0.33%	0.12%	0.12%
SYF	B	0.08%	0.4%	0.08%
T	A	0.45%	1.09%	0.45%
TAP	D	0.03%	0.3%	0.03%
TFC	D	0.22%	0.83%	0.22%
TRV	C	0.18%	0.47%	0.18%
TXT	F	0.06%	0.1%	0.06%
UAL	B	0.05%	0.29%	0.05%
VLO	D	0.17%	0.86%	0.17%
VZ	B	2.26%	0.99%	0.99%
WMB	A	0.19%	0.36%	0.19%
XOM	A	2.0%	0.68%	0.68%

NACP Overweight 135 Positions Relative to VFVA

Symbol	Grade	Weight
AAPL	C	5.03%
NVDA	B	4.9%
MSFT	D	4.63%
AMZN	C	4.47%
META	A	3.63%
ACN	B	3.58%
GOOGL	B	2.41%
UBER	C	2.29%
TSLA	C	2.22%
UNH	B	1.95%
PANW	D	1.81%
MU	D	1.75%
V	C	1.53%
MA	A	1.4%
ABBV	B	1.22%
MRK	F	1.03%
KO	C	0.99%
PEP	F	0.92%
TMO	D	0.83%
WMT	A	0.73%
ABT	C	0.69%
GE	C	0.69%
NEE	A	0.66%
DHR	D	0.64%
AXP	B	0.56%
UNP	D	0.56%
SPGI	B	0.55%
DELL	C	0.54%
LOW	A	0.51%
HON	C	0.46%
EA	D	0.45%
ETN	C	0.44%
PLD	D	0.42%
BSX	A	0.41%
ADP	A	0.4%
BA	F	0.38%
MELI	D	0.38%
MDLZ	D	0.36%
NKE	D	0.36%
UPS	D	0.35%
SO	A	0.35%
DUK	B	0.32%
EQIX	C	0.29%
TT	A	0.29%
NOC	B	0.29%
ITW	B	0.27%
MCO	D	0.26%
AON	B	0.24%
CSX	D	0.24%
NEM	C	0.22%
EMR	B	0.22%
ECL	B	0.21%
NSC	D	0.2%
AEP	C	0.19%
MAR	B	0.19%
OKE	A	0.18%
SRE	B	0.18%
CCI	C	0.18%
D	A	0.18%
URI	C	0.18%
JCI	C	0.17%
HLT	B	0.17%
LNG	A	0.16%
IPG	D	0.16%
LHX	A	0.16%
HES	C	0.15%
EXC	A	0.15%
CMI	A	0.15%
EW	F	0.15%
DD	C	0.14%
PEG	A	0.14%
A	B	0.14%
HWM	A	0.14%
OTIS	A	0.13%
AME	D	0.13%
VRSK	C	0.13%
VMC	D	0.12%
IR	B	0.12%
MLM	F	0.12%
XEL	B	0.12%
ED	A	0.12%
RCL	C	0.12%
AVB	C	0.11%
ROK	C	0.11%
VST	B	0.11%
EIX	B	0.11%
RMD	C	0.11%
XYL	C	0.11%
HSY	F	0.1%
WEC	A	0.1%
PPG	D	0.1%
BIIB	F	0.1%
PCG	C	0.09%
TROW	D	0.09%
IFF	C	0.09%
APTV	D	0.08%
SBAC	C	0.08%
PPL	B	0.08%
FE	C	0.08%
ETR	A	0.08%
NDAQ	B	0.08%
DTE	A	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	A	0.07%
BAX	D	0.07%
K	A	0.07%
ILMN	B	0.07%
SWK	C	0.06%
LUV	B	0.06%
DOC	C	0.06%
HUBB	B	0.06%
SJM	D	0.05%
AMH	D	0.05%
NI	A	0.05%
ACM	A	0.05%
NDSN	C	0.05%
LNT	A	0.05%
AES	C	0.05%
JBHT	D	0.05%
CPB	D	0.04%
REG	C	0.04%
LECO	F	0.04%
TFX	C	0.04%
ALB	D	0.04%
USFD	C	0.04%
WBA	F	0.03%
SCCO	B	0.03%
HRL	F	0.03%
CNH	D	0.03%

NACP Underweight 495 Positions Relative to VFVA

Symbol	Grade	Weight
MO	D	-1.17%
CMCSA	C	-0.98%
WFC	F	-0.74%
COF	C	-0.69%
HCA	C	-0.69%
USB	D	-0.69%
EOG	B	-0.65%
NUE	C	-0.63%
AIG	F	-0.58%
OXY	D	-0.54%
AL	D	-0.53%
CB	B	-0.49%
MCK	F	-0.48%
GS	D	-0.46%
PRU	C	-0.45%
ESNT	C	-0.44%
R	C	-0.41%
MHK	B	-0.4%
FOX	A	-0.39%
UNM	A	-0.39%
FANG	C	-0.39%
BERY	C	-0.37%
PBF	F	-0.36%
LNC	D	-0.35%
PRDO	D	-0.34%
CAH	B	-0.34%
MATX	C	-0.33%
CE	C	-0.33%
PHM	A	-0.33%
LYB	F	-0.33%
ALLY	F	-0.32%
TTMI	D	-0.31%
INSW	B	-0.31%
TMHC	C	-0.3%
MTG	B	-0.3%
GTES	C	-0.3%
TMUS	A	-0.29%
COLB	C	-0.29%
CAG	D	-0.28%
RDN	D	-0.28%
SLB	D	-0.28%
GD	C	-0.28%
AZO	D	-0.28%
SM	C	-0.27%
HUM	F	-0.27%
HPE	B	-0.27%
CNXC	F	-0.27%
ONB	D	-0.27%
CHRD	F	-0.26%
LEN	B	-0.26%
DHI	C	-0.26%
TNK	B	-0.26%
AXS	A	-0.26%
ALGT	D	-0.26%
FIS	B	-0.25%
STNG	C	-0.25%
WBS	D	-0.25%
SNV	D	-0.24%
TROX	D	-0.24%
BHF	F	-0.24%
ESGR	D	-0.24%
CTRA	D	-0.24%
OGN	F	-0.23%
DXC	B	-0.23%
TPH	C	-0.23%
KBH	C	-0.23%
STBA	D	-0.23%
VTRS	D	-0.23%
UTHR	C	-0.23%
TNL	C	-0.23%
OI	D	-0.23%
JEF	A	-0.23%
WWW	A	-0.22%
LILAK	D	-0.22%
MBUU	C	-0.22%
GPOR	B	-0.22%
UHAL	B	-0.21%
ALK	C	-0.21%
LEG	D	-0.21%
DIN	D	-0.21%
LEN	B	-0.21%
MUR	F	-0.21%
NWL	F	-0.21%
DINO	D	-0.21%
FNB	D	-0.21%
MTH	C	-0.21%
GT	F	-0.2%
TGNA	C	-0.2%
OVV	D	-0.2%
BBWI	F	-0.2%
EFSC	D	-0.2%
PRGO	F	-0.2%
KNX	D	-0.2%
CCS	C	-0.2%
ACGL	B	-0.2%
OCFC	C	-0.2%
DOW	B	-0.2%
ASC	C	-0.2%
FFBC	D	-0.2%
CLF	F	-0.2%
AMG	B	-0.2%
CLW	F	-0.2%
HWC	D	-0.2%
CHGG	F	-0.19%
ALL	C	-0.19%
RPRX	D	-0.19%
DAR	F	-0.19%
MLI	C	-0.19%
M	F	-0.19%
WAFD	D	-0.19%
AVT	C	-0.19%
SNX	D	-0.19%
VLY	C	-0.19%
GIS	C	-0.19%
GNK	D	-0.19%
BYD	C	-0.18%
SNCY	D	-0.18%
CCSI	D	-0.18%
SKYW	C	-0.18%
MTB	C	-0.18%
UHS	D	-0.18%
TDS	B	-0.18%
CFG	D	-0.18%
ST	F	-0.18%
SIG	C	-0.18%
CIVI	F	-0.18%
EAT	A	-0.18%
IVZ	B	-0.18%
NWSA	D	-0.18%
FHN	D	-0.18%
MDU	C	-0.18%
KEY	C	-0.18%
JACK	F	-0.18%
ARW	C	-0.18%
CRC	B	-0.17%
GPI	C	-0.17%
PTEN	F	-0.17%
PVH	F	-0.17%
SLVM	C	-0.17%
CNC	F	-0.17%
GTN	D	-0.17%
HOPE	D	-0.17%
SEB	F	-0.17%
HOG	D	-0.17%
PB	D	-0.17%
BGS	D	-0.17%
HRB	C	-0.17%
AHCO	D	-0.17%
MTDR	F	-0.17%
DTM	A	-0.17%
GLNG	A	-0.17%
STLD	B	-0.16%
REZI	D	-0.16%
WSBC	D	-0.16%
ADNT	D	-0.16%
BKU	D	-0.16%
DAN	D	-0.16%
SNDR	C	-0.16%
TOL	A	-0.16%
LZB	D	-0.16%
INGR	B	-0.16%
CADE	D	-0.16%
ATSG	D	-0.16%
JAZZ	F	-0.16%
LEA	F	-0.16%
ABG	F	-0.16%
NVST	D	-0.16%
ZION	D	-0.16%
UNFI	B	-0.16%
PARR	F	-0.15%
IMKTA	F	-0.15%
ABCB	C	-0.15%
GIII	D	-0.15%
XPOF	F	-0.15%
QRVO	F	-0.15%
FULT	D	-0.15%
PINC	F	-0.15%
PFS	D	-0.15%
HAIN	B	-0.15%
CUBI	F	-0.15%
RNG	D	-0.15%
BZH	C	-0.15%
AGCO	D	-0.15%
ELAN	C	-0.15%
MD	B	-0.15%
BRY	F	-0.15%
WAL	C	-0.15%
PLTK	C	-0.15%
RNST	D	-0.15%
BXC	D	-0.15%
ZD	D	-0.15%
CMC	D	-0.15%
SON	D	-0.15%
ASO	D	-0.15%
MHO	C	-0.15%
OLN	C	-0.15%
WCC	D	-0.15%
DLX	F	-0.15%
JLL	C	-0.14%
BTU	B	-0.14%
OMF	F	-0.14%
NMRK	B	-0.14%
NAVI	F	-0.14%
CSCO	A	-0.14%
SF	A	-0.14%
AAP	F	-0.14%
PEBO	F	-0.14%
NUS	F	-0.14%
PR	D	-0.14%
RNR	A	-0.14%
BELFB	A	-0.14%
HLX	B	-0.14%
MCB	B	-0.14%
DHT	A	-0.14%
ASB	F	-0.14%
SBH	C	-0.14%
IRWD	F	-0.14%
ALSN	A	-0.14%
PUMP	D	-0.14%
HLF	F	-0.14%
ATGE	D	-0.14%
CMA	C	-0.14%
TOWN	D	-0.13%
FCNCA	D	-0.13%
VBTX	C	-0.13%
PM	D	-0.13%
TEX	F	-0.13%
MAN	D	-0.13%
XRX	D	-0.13%
FNF	B	-0.13%
TRMK	D	-0.13%
KOP	F	-0.13%
BUSE	D	-0.13%
COOP	B	-0.13%
EGBN	B	-0.13%
OZK	D	-0.13%
RTX	A	-0.13%
AXL	F	-0.13%
ORI	B	-0.13%
JRVR	F	-0.13%
TPC	A	-0.13%
CABO	F	-0.13%
ARCH	C	-0.13%
AMKR	F	-0.13%
TWI	F	-0.12%
DCOM	C	-0.12%
STC	C	-0.12%
GNW	C	-0.12%
VGR	B	-0.12%
BANC	D	-0.12%
TGT	D	-0.12%
EBC	D	-0.12%
SPTN	C	-0.12%
AUB	D	-0.12%
PATK	B	-0.12%
CRGY	B	-0.12%
COMM	C	-0.12%
EG	B	-0.12%
HRI	C	-0.11%
UA	B	-0.11%
OMI	F	-0.11%
RRX	C	-0.11%
SB	B	-0.11%
FCF	D	-0.11%
UFPI	C	-0.11%
NAT	B	-0.11%
ANDE	D	-0.11%
PAGS	F	-0.11%
COHR	A	-0.11%
HII	F	-0.11%
EQT	B	-0.11%
APPS	F	-0.11%
EVRI	A	-0.11%
PPBI	D	-0.11%
CEIX	B	-0.11%
AMCX	F	-0.11%
BMBL	F	-0.1%
SAIC	A	-0.1%
ODP	F	-0.1%
NX	F	-0.1%
GDOT	D	-0.1%
SXC	F	-0.1%
HOV	D	-0.1%
SSB	C	-0.1%
VTOL	D	-0.1%
PHIN	D	-0.1%
AFL	A	-0.1%
TRST	D	-0.1%
TKR	D	-0.1%
GRBK	C	-0.1%
ASIX	A	-0.1%
VAC	D	-0.1%
DOLE	D	-0.1%
NTB	D	-0.1%
PNFP	D	-0.1%
CMRE	B	-0.1%
SFL	C	-0.1%
RYI	F	-0.1%
HBI	C	-0.1%
SCSC	D	-0.09%
UVE	C	-0.09%
VSH	F	-0.09%
JXN	A	-0.09%
RJF	B	-0.09%
NNI	C	-0.09%
SCHL	F	-0.09%
TCBK	D	-0.09%
GOGL	B	-0.09%
AX	D	-0.09%
MLKN	F	-0.09%
REVG	D	-0.09%
FWRD	C	-0.09%
FDP	C	-0.09%
CATY	D	-0.09%
DBX	B	-0.09%
MTUS	F	-0.09%
BV	C	-0.09%
CNA	D	-0.09%
SASR	C	-0.09%
RPAY	F	-0.08%
UBSI	D	-0.08%
FFWM	D	-0.08%
SD	D	-0.08%
LKQ	F	-0.08%
CXW	F	-0.08%
JELD	C	-0.08%
FRME	D	-0.08%
PCAR	C	-0.08%
SANM	D	-0.08%
HCC	C	-0.08%
BOKF	D	-0.08%
EQH	C	-0.08%
NBTB	D	-0.08%
HFWA	D	-0.08%
AAL	D	-0.08%
RMAX	C	-0.08%
NWBI	D	-0.08%
BANR	C	-0.08%
SRCE	D	-0.08%
NOG	C	-0.08%
MATV	F	-0.08%
EWBC	D	-0.08%
WNC	F	-0.08%
MTW	F	-0.08%
INMD	F	-0.07%
PFC	D	-0.07%
CROX	C	-0.07%
KFY	C	-0.07%
DXPE	C	-0.07%
CWK	C	-0.07%
BPOP	D	-0.07%
RGP	F	-0.07%
BOOM	D	-0.07%
OMCL	C	-0.07%
SNEX	C	-0.07%
GL	C	-0.07%
NIC	D	-0.07%
HIG	B	-0.07%
NTCT	C	-0.07%
LPG	F	-0.07%
HAFC	D	-0.07%
FIBK	D	-0.07%
BHLB	D	-0.07%
SSP	D	-0.07%
SSNC	C	-0.07%
CAL	F	-0.07%
ACCO	C	-0.07%
EMBC	F	-0.07%
NMIH	C	-0.07%
PENN	D	-0.07%
JHG	B	-0.07%
BC	D	-0.07%
FAF	C	-0.07%
LILA	D	-0.06%
OFG	D	-0.06%
RUSHA	D	-0.06%
ASGN	D	-0.06%
CCRN	F	-0.06%
TITN	F	-0.06%
SMP	D	-0.06%
GPK	D	-0.06%
XRAY	D	-0.06%
OIS	D	-0.06%
CNOB	C	-0.06%
BRKL	D	-0.06%
BLDR	B	-0.06%
RRC	B	-0.06%
BEN	F	-0.06%
ALIT	D	-0.06%
KOS	F	-0.06%
LBRT	D	-0.06%
PCRX	D	-0.06%
NXST	F	-0.06%
EGY	C	-0.06%
INDB	D	-0.06%
MATW	F	-0.05%
ETWO	F	-0.05%
CFFN	F	-0.05%
DNB	D	-0.05%
RGA	C	-0.05%
LXU	B	-0.05%
TALO	F	-0.05%
GHC	C	-0.05%
AR	B	-0.05%
MOV	F	-0.05%
MCFT	F	-0.05%
HVT	F	-0.05%
TTEC	D	-0.05%
IIIN	F	-0.05%
VRNT	F	-0.05%
PPC	D	-0.05%
FBMS	D	-0.05%
DK	F	-0.05%
TK	B	-0.05%
GEF	D	-0.05%
KELYA	D	-0.05%
AMR	F	-0.05%
REX	D	-0.05%
APA	F	-0.05%
GATX	F	-0.05%
CNDT	B	-0.05%
GCO	F	-0.05%
AMWD	C	-0.05%
PFSI	C	-0.05%
PLAB	C	-0.05%
KODK	D	-0.04%
SFNC	C	-0.04%
LC	C	-0.04%
CNO	C	-0.04%
TPR	C	-0.04%
ATKR	F	-0.04%
WERN	D	-0.04%
CG	B	-0.04%
SLM	C	-0.04%
ARCB	F	-0.04%
RDUS	D	-0.04%
FBNC	D	-0.04%
THG	C	-0.04%
IART	F	-0.04%
BBW	B	-0.04%
ENVA	C	-0.04%
MKL	C	-0.04%
HUBG	D	-0.04%
FOXF	F	-0.04%
BY	D	-0.04%
UVV	D	-0.04%
HGV	F	-0.04%
OBK	F	-0.04%
HBNC	D	-0.04%
REPX	B	-0.04%
ZEUS	F	-0.04%
BW	C	-0.04%
STNE	F	-0.03%
IMMR	D	-0.03%
PFBC	D	-0.03%
SCVL	D	-0.03%
KRO	C	-0.03%
OLPX	C	-0.03%
UIS	C	-0.03%
NBHC	D	-0.03%
QCRH	D	-0.03%
ENS	D	-0.03%
EPC	F	-0.03%
ESI	C	-0.03%
SWI	C	-0.03%
TBRG	D	-0.03%
CFR	D	-0.03%
DENN	D	-0.03%
AMRX	B	-0.03%
BALY	B	-0.03%
CC	D	-0.03%
NFBK	D	-0.03%
WMK	D	-0.03%
AMAL	D	-0.03%
WTTR	B	-0.03%
DRVN	C	-0.03%
BCC	C	-0.02%
UCBI	B	-0.02%
GPN	F	-0.02%
EIG	C	-0.02%
STT	C	-0.02%
HOMB	D	-0.02%
MED	F	-0.02%
OXM	F	-0.02%
RS	D	-0.02%
GBX	C	-0.02%
RYAM	B	-0.02%
CRBG	B	-0.02%
IP	C	-0.02%
ZIMV	F	-0.02%
VREX	F	-0.02%
ACT	C	-0.02%
HRTG	D	-0.01%
AMPY	C	-0.01%
FF	B	-0.01%