NACP vs. XPND ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to First Trust Expanded Technology ETF (XPND)

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

$42.65

Average Daily Volume

3,686

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

XPND

First Trust Expanded Technology ETF

XPND Description

The investment seeks to provide long-term capital appreciation. The fund will invest at least 80% of its net assets in the common stocks of companies identified by it?s investment advisor as either information technology companies or consumer discretionary and communication services companies whose operations are principally derived from and/or dependent upon technology (such companies are collectively referred to herein as ?Expanded Technology Companies?). The fund?s investments will be concentrated (i.e., invest more than 25% of fund assets) in the industries or group of industries comprising the information technology sector. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.35

Average Daily Volume

2,793

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	XPND
30 Days	1.51%	3.77%
60 Days	4.66%	6.73%
90 Days	6.31%	8.67%
12 Months	32.60%	36.07%

12 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in XPND	Overlap
AAPL	C	5.03%	4.09%	4.09%
EA	A	0.45%	0.25%	0.25%
GOOGL	C	2.41%	4.41%	2.41%
IBM	C	3.08%	3.34%	3.08%
MA	B	1.4%	4.42%	1.4%
META	D	3.63%	4.55%	3.63%
MSFT	D	4.63%	4.2%	4.2%
NVDA	B	4.9%	5.05%	4.9%
PANW	B	1.81%	2.22%	1.81%
PYPL	B	0.27%	1.52%	0.27%
QCOM	F	3.18%	3.17%	3.17%
V	A	1.53%	4.58%	1.53%

NACP Overweight 185 Positions Relative to XPND

Symbol	Grade	Weight
AMZN	C	4.47%
ACN	B	3.58%
JPM	A	2.39%
UBER	F	2.29%
VZ	C	2.26%
TSLA	B	2.22%
GOOG	C	2.16%
XOM	B	2.0%
UNH	B	1.95%
MU	D	1.75%
INTC	C	1.52%
JNJ	C	1.44%
ABBV	F	1.22%
CVX	A	1.04%
MRK	D	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%
GE	D	0.69%
NEE	C	0.66%
DHR	F	0.64%
HPQ	B	0.62%
PFE	F	0.62%
AXP	A	0.56%
UNP	C	0.56%
SPGI	C	0.55%
DELL	B	0.54%
LOW	C	0.51%
COP	C	0.49%
ELV	F	0.47%
MS	A	0.47%
HON	C	0.46%
C	A	0.45%
T	A	0.45%
ETN	A	0.44%
MDT	D	0.42%
PLD	F	0.42%
BSX	A	0.41%
ADP	A	0.4%
BA	F	0.38%
MELI	C	0.38%
CI	D	0.37%
DE	B	0.36%
MDLZ	F	0.36%
NKE	F	0.36%
BMY	B	0.35%
UPS	C	0.35%
GILD	C	0.35%
SO	C	0.35%
SCHW	B	0.33%
DUK	C	0.32%
EQIX	A	0.29%
TT	A	0.29%
NOC	D	0.29%
PNC	B	0.27%
CVS	D	0.27%
ITW	B	0.27%
MMM	D	0.26%
MCO	B	0.26%
FDX	B	0.25%
FCX	F	0.25%
AON	A	0.24%
CSX	C	0.24%
MPC	D	0.23%
BDX	F	0.23%
PSX	C	0.22%
TFC	A	0.22%
NEM	D	0.22%
EMR	B	0.22%
ECL	D	0.21%
NSC	B	0.2%
WMB	A	0.19%
AEP	C	0.19%
MAR	A	0.19%
OKE	A	0.18%
SRE	A	0.18%
TRV	B	0.18%
CCI	C	0.18%
D	C	0.18%
GM	C	0.18%
URI	C	0.18%
MET	A	0.17%
BK	A	0.17%
VLO	C	0.17%
JCI	B	0.17%
HLT	A	0.17%
LNG	A	0.16%
IPG	D	0.16%
LHX	C	0.16%
KMI	A	0.15%
HES	B	0.15%
EXC	C	0.15%
CMI	A	0.15%
EW	C	0.15%
F	C	0.15%
DD	C	0.14%
PEG	A	0.14%
A	D	0.14%
HWM	A	0.14%
OTIS	C	0.13%
KR	B	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	C	0.12%
XEL	A	0.12%
ED	C	0.12%
KHC	F	0.12%
RCL	A	0.12%
AVB	B	0.11%
ROK	C	0.11%
EBAY	D	0.11%
VST	A	0.11%
EIX	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
HSY	F	0.1%
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	B	0.09%
SYF	B	0.08%
APTV	F	0.08%
SBAC	D	0.08%
PPL	A	0.08%
FE	C	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	C	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	C	0.07%
CMS	C	0.07%
TSN	B	0.07%
CLX	A	0.07%
BAH	F	0.07%
BAX	F	0.07%
LH	B	0.07%
K	A	0.07%
ILMN	C	0.07%
HBAN	A	0.07%
RF	A	0.07%
SWK	D	0.06%
LUV	C	0.06%
DOC	C	0.06%
DGX	A	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	D	0.05%
AMH	C	0.05%
NI	A	0.05%
OC	A	0.05%
ACM	B	0.05%
NDSN	B	0.05%
UAL	A	0.05%
LNT	A	0.05%
AES	F	0.05%
JBHT	C	0.05%
BG	D	0.05%
CF	A	0.05%
CPB	D	0.04%
REG	A	0.04%
LECO	C	0.04%
TFX	F	0.04%
ALB	B	0.04%
EMN	C	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 38 Positions Relative to XPND

Symbol	Grade	Weight
ORCL	A	-5.44%
CRM	B	-5.38%
TMUS	B	-4.81%
AVGO	D	-4.3%
ADBE	C	-3.79%
NOW	A	-3.71%
INTU	B	-3.4%
TXN	C	-3.26%
AMAT	F	-2.66%
FI	A	-2.11%
ANET	C	-2.1%
LRCX	F	-1.69%
APH	A	-1.52%
KLAC	F	-1.5%
CRWD	B	-1.46%
MSI	B	-1.43%
MRVL	B	-1.36%
WDAY	B	-1.24%
ADSK	A	-1.15%
CHTR	C	-0.98%
APP	B	-0.7%
WMG	D	-0.27%
CPAY	A	-0.27%
GEN	B	-0.26%
FOXA	A	-0.26%
IT	C	-0.25%
TDY	B	-0.25%
HPE	B	-0.25%
TYL	B	-0.24%
OMC	C	-0.24%
MANH	D	-0.24%
PTC	B	-0.24%
NTAP	C	-0.22%
BSY	F	-0.21%
SWKS	F	-0.18%
TER	F	-0.18%
CDW	F	-0.18%
MPWR	F	-0.14%