NACP vs. VUG ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Vanguard Growth ETF - DNQ (VUG)

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

VUG

Vanguard Growth ETF - DNQ

VUG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Growth Index, a broadly diversified index predominantly made up of growth stocks of large U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$404.03

Average Daily Volume

1,050,166

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

Performance

Period	NACP	VUG
30 Days	2.08%	4.12%
60 Days	4.48%	5.94%
90 Days	6.57%	7.07%
12 Months	32.92%	35.92%

38 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in VUG	Overlap
AAPL	C	5.03%	11.71%	5.03%
ACN	C	3.58%	0.42%	0.42%
ADP	B	0.4%	0.46%	0.4%
AMZN	C	4.47%	6.0%	4.47%
AON	A	0.24%	0.16%	0.16%
APTV	D	0.08%	0.07%	0.07%
BA	F	0.38%	0.43%	0.38%
BSX	B	0.41%	0.48%	0.41%
ECL	D	0.21%	0.25%	0.21%
EQIX	A	0.29%	0.34%	0.29%
EW	C	0.15%	0.17%	0.15%
GE	D	0.69%	0.35%	0.35%
GOOG	C	2.16%	2.79%	2.16%
GOOGL	C	2.41%	3.41%	2.41%
HES	B	0.15%	0.16%	0.15%
HLT	A	0.17%	0.24%	0.17%
HSY	F	0.1%	0.11%	0.1%
HWM	A	0.14%	0.17%	0.14%
ILMN	D	0.07%	0.11%	0.07%
JBHT	C	0.05%	0.07%	0.05%
MA	C	1.4%	1.57%	1.4%
MAR	B	0.19%	0.24%	0.19%
MCO	B	0.26%	0.28%	0.26%
META	D	3.63%	4.7%	3.63%
MLM	B	0.12%	0.09%	0.09%
MSFT	F	4.63%	10.8%	4.63%
NKE	D	0.36%	0.19%	0.19%
NVDA	C	4.9%	10.94%	4.9%
PANW	C	1.81%	0.46%	0.46%
RCL	A	0.12%	0.11%	0.11%
RMD	C	0.11%	0.15%	0.11%
SBAC	D	0.08%	0.11%	0.08%
SPGI	C	0.55%	0.6%	0.55%
TSLA	B	2.22%	2.58%	2.22%
UBER	D	2.29%	0.56%	0.56%
V	A	1.53%	1.8%	1.53%
VMC	B	0.12%	0.16%	0.12%
VRSK	A	0.13%	0.16%	0.13%

NACP Overweight 159 Positions Relative to VUG

Symbol	Grade	Weight
QCOM	F	3.18%
IBM	C	3.08%
JPM	A	2.39%
VZ	C	2.26%
XOM	B	2.0%
UNH	C	1.95%
MU	D	1.75%
INTC	D	1.52%
JNJ	D	1.44%
ABBV	D	1.22%
CVX	A	1.04%
MRK	F	1.03%
KO	D	0.99%
BAC	A	0.99%
PEP	F	0.92%
TMO	F	0.83%
WMT	A	0.73%
ABT	B	0.69%
NEE	D	0.66%
DHR	F	0.64%
HPQ	B	0.62%
PFE	D	0.62%
AXP	A	0.56%
UNP	C	0.56%
DELL	C	0.54%
LOW	D	0.51%
COP	C	0.49%
ELV	F	0.47%
MS	A	0.47%
HON	B	0.46%
C	A	0.45%
EA	A	0.45%
T	A	0.45%
ETN	A	0.44%
MDT	D	0.42%
PLD	D	0.42%
MELI	D	0.38%
CI	F	0.37%
DE	A	0.36%
MDLZ	F	0.36%
BMY	B	0.35%
UPS	C	0.35%
GILD	C	0.35%
SO	D	0.35%
SCHW	B	0.33%
DUK	C	0.32%
TT	A	0.29%
NOC	D	0.29%
PNC	B	0.27%
CVS	D	0.27%
PYPL	B	0.27%
ITW	B	0.27%
MMM	D	0.26%
FDX	B	0.25%
FCX	D	0.25%
CSX	B	0.24%
MPC	D	0.23%
BDX	F	0.23%
PSX	C	0.22%
TFC	A	0.22%
NEM	D	0.22%
EMR	A	0.22%
NSC	B	0.2%
WMB	A	0.19%
AEP	D	0.19%
OKE	A	0.18%
SRE	A	0.18%
TRV	B	0.18%
CCI	D	0.18%
D	C	0.18%
GM	B	0.18%
URI	B	0.18%
MET	A	0.17%
BK	A	0.17%
VLO	C	0.17%
JCI	C	0.17%
LNG	B	0.16%
IPG	D	0.16%
LHX	C	0.16%
KMI	A	0.15%
EXC	C	0.15%
CMI	A	0.15%
F	C	0.15%
DD	D	0.14%
PEG	A	0.14%
A	D	0.14%
OTIS	C	0.13%
KR	B	0.13%
AME	A	0.13%
IR	B	0.12%
XEL	A	0.12%
ED	D	0.12%
KHC	F	0.12%
AVB	B	0.11%
ROK	B	0.11%
EBAY	D	0.11%
VST	B	0.11%
EIX	B	0.11%
ADM	D	0.11%
XYL	D	0.11%
DVN	F	0.1%
WEC	A	0.1%
PPG	F	0.1%
BIIB	F	0.1%
PCG	A	0.09%
TROW	B	0.09%
IFF	D	0.09%
DAL	C	0.09%
SYF	B	0.08%
PPL	B	0.08%
FE	C	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	D	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
TSN	B	0.07%
CLX	B	0.07%
BAH	F	0.07%
BAX	D	0.07%
LH	C	0.07%
K	A	0.07%
HBAN	A	0.07%
RF	A	0.07%
SWK	D	0.06%
LUV	C	0.06%
DOC	D	0.06%
DGX	A	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	D	0.05%
AMH	D	0.05%
NI	A	0.05%
OC	A	0.05%
ACM	A	0.05%
NDSN	B	0.05%
UAL	A	0.05%
LNT	A	0.05%
AES	F	0.05%
BG	F	0.05%
CF	B	0.05%
CPB	D	0.04%
REG	B	0.04%
LECO	B	0.04%
TFX	F	0.04%
ALB	C	0.04%
EMN	D	0.04%
USFD	A	0.04%
WBA	F	0.03%
BWA	D	0.03%
SCCO	F	0.03%
PFG	D	0.03%
MOS	F	0.03%
HRL	D	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 140 Positions Relative to VUG

Symbol	Grade	Weight
LLY	F	-2.69%
AVGO	D	-1.51%
COST	B	-1.48%
NFLX	A	-1.24%
CRM	B	-1.03%
AMD	F	-0.9%
LIN	D	-0.84%
MCD	D	-0.81%
ADBE	C	-0.81%
NOW	A	-0.74%
TXN	C	-0.72%
ISRG	A	-0.69%
INTU	C	-0.63%
BKNG	A	-0.61%
AMAT	F	-0.58%
TJX	A	-0.5%
BX	A	-0.48%
SYK	C	-0.48%
VRTX	F	-0.48%
SBUX	A	-0.44%
TMUS	B	-0.41%
ANET	C	-0.39%
AMT	D	-0.39%
LRCX	F	-0.38%
DIS	B	-0.35%
KLAC	D	-0.35%
GEV	B	-0.34%
PLTR	B	-0.34%
WELL	A	-0.33%
SNPS	B	-0.32%
APH	A	-0.32%
SHW	A	-0.32%
CMG	B	-0.31%
CDNS	B	-0.3%
ZTS	D	-0.29%
TDG	D	-0.28%
CRWD	B	-0.28%
MRVL	B	-0.28%
CTAS	B	-0.28%
ORLY	B	-0.27%
ADSK	A	-0.25%
APO	B	-0.24%
ROP	B	-0.23%
FI	A	-0.23%
ABNB	C	-0.22%
TTD	B	-0.22%
AZO	C	-0.21%
DASH	A	-0.21%
FTNT	C	-0.2%
WDAY	B	-0.2%
GWW	B	-0.2%
CPRT	A	-0.19%
PWR	A	-0.19%
WCN	A	-0.19%
PAYX	C	-0.19%
FAST	B	-0.19%
ROST	C	-0.19%
FICO	B	-0.19%
MSCI	C	-0.18%
ODFL	B	-0.17%
SQ	B	-0.17%
VRT	B	-0.17%
YUM	B	-0.16%
IT	C	-0.16%
MSI	B	-0.16%
CL	D	-0.16%
DDOG	A	-0.16%
ALNY	D	-0.15%
LULU	C	-0.15%
SNOW	C	-0.15%
MPWR	F	-0.15%
COIN	C	-0.15%
MNST	C	-0.15%
EFX	F	-0.14%
IDXX	F	-0.14%
FANG	D	-0.14%
RBLX	C	-0.13%
CSGP	D	-0.13%
VEEV	C	-0.13%
ARES	A	-0.13%
TEAM	A	-0.13%
NET	B	-0.12%
TYL	B	-0.12%
MSTR	C	-0.12%
TTWO	A	-0.12%
MTD	D	-0.12%
HUBS	A	-0.12%
ANSS	B	-0.12%
SLB	C	-0.12%
DXCM	D	-0.12%
APP	B	-0.11%
BRO	B	-0.11%
CHD	B	-0.11%
BR	A	-0.11%
O	D	-0.11%
WST	C	-0.1%
LPLA	A	-0.1%
MDB	C	-0.09%
TRGP	B	-0.09%
WAT	B	-0.09%
BKR	B	-0.09%
FSLR	F	-0.09%
PINS	D	-0.09%
LYV	A	-0.09%
EXPE	B	-0.09%
LVS	C	-0.09%
TW	A	-0.08%
BURL	A	-0.08%
SUI	D	-0.08%
TER	D	-0.08%
ZS	C	-0.08%
FDS	B	-0.08%
ULTA	F	-0.08%
MRNA	F	-0.08%
SMCI	F	-0.07%
ROL	B	-0.07%
TPL	A	-0.07%
TSCO	D	-0.07%
DPZ	C	-0.07%
VRSN	F	-0.07%
SNAP	C	-0.07%
STE	F	-0.06%
STX	D	-0.06%
HAL	C	-0.06%
EQT	B	-0.06%
OKTA	C	-0.06%
BMRN	D	-0.06%
VLTO	D	-0.06%
GDDY	A	-0.06%
HEI	B	-0.06%
BSY	D	-0.05%
PODD	C	-0.05%
CTRA	B	-0.05%
IBKR	A	-0.05%
ENPH	F	-0.05%
WMG	C	-0.04%
EL	F	-0.04%
ALGN	D	-0.04%
INCY	C	-0.04%
HEI	B	-0.04%