NULC vs. NACP ETF Comparison

Comparison of Nuveen ESG Large-Cap ETF (NULC) to Impact Shares NAACP Minority Empowerment ETF (NACP)

NULC

Nuveen ESG Large-Cap ETF

NULC Description

The investment seeks to track the investment results, before fees and expenses, of the ICE BofAML Enhanced Yield 1-5 Year US Broad Bond Index (the "index"). Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index. The index is designed to broadly capture the 1-5 year U.S. investment grade fixed income market, as represented by a modified version of the ICE BofAML 1-5 Year US Broad Market Index.

Grade (RS Rating)

Last Trade

$48.43

Average Daily Volume

1,139

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

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

Performance

Period	NULC	NACP
30 Days	2.83%	2.08%
60 Days	5.29%	4.48%
90 Days	7.13%	6.57%
12 Months	30.46%	32.92%

49 Overlapping Holdings

Symbol	Grade	Weight in NULC	Weight in NACP	Overlap
A	D	0.19%	0.14%	0.14%
ADM	D	0.5%	0.11%	0.11%
ADP	B	0.97%	0.4%	0.4%
BG	F	0.01%	0.05%	0.01%
C	A	0.94%	0.45%	0.45%
CI	F	0.08%	0.37%	0.08%
DHR	F	1.31%	0.64%	0.64%
EA	A	0.36%	0.45%	0.36%
EBAY	D	0.45%	0.11%	0.11%
ECL	D	1.2%	0.21%	0.21%
ED	D	0.65%	0.12%	0.12%
EQIX	A	0.42%	0.29%	0.29%
ETN	A	1.74%	0.44%	0.44%
EW	C	0.78%	0.15%	0.15%
EXC	C	0.75%	0.15%	0.15%
FDX	B	0.23%	0.25%	0.23%
GILD	C	0.69%	0.35%	0.35%
GOOG	C	1.78%	2.16%	1.78%
GOOGL	C	2.91%	2.41%	2.41%
HPQ	B	0.71%	0.62%	0.62%
IBM	C	1.71%	3.08%	1.71%
INTC	D	1.07%	1.52%	1.07%
KO	D	1.57%	0.99%	0.99%
KR	B	0.44%	0.13%	0.13%
LNG	B	0.98%	0.16%	0.16%
LOW	D	0.78%	0.51%	0.51%
MA	C	2.09%	1.4%	1.4%
MCO	B	0.3%	0.26%	0.26%
MELI	D	1.32%	0.38%	0.38%
MMM	D	0.56%	0.26%	0.26%
MOS	F	0.16%	0.03%	0.03%
MS	A	1.57%	0.47%	0.47%
MSFT	F	6.71%	4.63%	4.63%
NEM	D	0.19%	0.22%	0.19%
NVDA	C	8.24%	4.9%	4.9%
OKE	A	1.3%	0.18%	0.18%
PANW	C	0.18%	1.81%	0.18%
PEP	F	0.74%	0.92%	0.74%
PNC	B	1.28%	0.27%	0.27%
SPGI	C	1.51%	0.55%	0.55%
T	A	0.88%	0.45%	0.45%
TFC	A	0.38%	0.22%	0.22%
TRV	B	0.49%	0.18%	0.18%
TSLA	B	1.95%	2.22%	1.95%
UNP	C	0.04%	0.56%	0.04%
UPS	C	1.06%	0.35%	0.35%
URI	B	0.47%	0.18%	0.18%
V	A	2.21%	1.53%	1.53%
VZ	C	0.22%	2.26%	0.22%

NULC Overweight 72 Positions Relative to NACP

Symbol	Grade	Weight
LLY	F	2.08%
FI	A	1.75%
DIS	B	1.66%
CRM	B	1.59%
PGR	A	1.58%
MCK	B	1.49%
PG	A	1.47%
MMC	B	1.38%
TJX	A	1.28%
CARR	D	1.18%
MCD	D	1.17%
HCA	F	1.16%
AMT	D	1.01%
MRVL	B	0.96%
AMGN	D	0.96%
CMG	B	0.96%
AMAT	F	0.94%
SNPS	B	0.91%
AXON	A	0.87%
BKR	B	0.86%
TGT	F	0.8%
CMCSA	B	0.75%
AMD	F	0.73%
VEEV	C	0.63%
TXN	C	0.61%
CDNS	B	0.6%
KEYS	A	0.57%
ZTS	D	0.56%
HPE	B	0.54%
TEAM	A	0.53%
NTAP	C	0.5%
IRM	D	0.46%
WST	C	0.45%
BKNG	A	0.45%
ADBE	C	0.45%
AWK	D	0.44%
CBOE	B	0.43%
FTV	C	0.43%
LYB	F	0.41%
STLD	B	0.41%
WDC	D	0.41%
STX	D	0.38%
TRU	D	0.37%
FSLR	F	0.36%
HOOD	B	0.36%
HOLX	D	0.35%
TRMB	B	0.34%
BALL	D	0.33%
DECK	A	0.32%
J	F	0.32%
VRTX	F	0.3%
GS	A	0.23%
JNPR	F	0.22%
HD	A	0.21%
SOLV	C	0.2%
EME	C	0.19%
MKTX	D	0.16%
LPLA	A	0.13%
CAH	B	0.13%
DINO	D	0.13%
ACGL	D	0.12%
NXPI	D	0.1%
USB	A	0.07%
IT	C	0.07%
AKAM	D	0.07%
WELL	A	0.07%
WTW	B	0.05%
IDXX	F	0.05%
DXCM	D	0.03%
AZO	C	0.03%
FBIN	D	0.02%
DOV	A	0.01%

NULC Underweight 148 Positions Relative to NACP

Symbol	Grade	Weight
AAPL	C	-5.03%
AMZN	C	-4.47%
META	D	-3.63%
ACN	C	-3.58%
QCOM	F	-3.18%
JPM	A	-2.39%
UBER	D	-2.29%
XOM	B	-2.0%
UNH	C	-1.95%
MU	D	-1.75%
JNJ	D	-1.44%
ABBV	D	-1.22%
CVX	A	-1.04%
MRK	F	-1.03%
BAC	A	-0.99%
TMO	F	-0.83%
WMT	A	-0.73%
ABT	B	-0.69%
GE	D	-0.69%
NEE	D	-0.66%
PFE	D	-0.62%
AXP	A	-0.56%
DELL	C	-0.54%
COP	C	-0.49%
ELV	F	-0.47%
HON	B	-0.46%
MDT	D	-0.42%
PLD	D	-0.42%
BSX	B	-0.41%
BA	F	-0.38%
DE	A	-0.36%
MDLZ	F	-0.36%
NKE	D	-0.36%
BMY	B	-0.35%
SO	D	-0.35%
SCHW	B	-0.33%
DUK	C	-0.32%
TT	A	-0.29%
NOC	D	-0.29%
CVS	D	-0.27%
PYPL	B	-0.27%
ITW	B	-0.27%
FCX	D	-0.25%
AON	A	-0.24%
CSX	B	-0.24%
MPC	D	-0.23%
BDX	F	-0.23%
PSX	C	-0.22%
EMR	A	-0.22%
NSC	B	-0.2%
WMB	A	-0.19%
AEP	D	-0.19%
MAR	B	-0.19%
SRE	A	-0.18%
CCI	D	-0.18%
D	C	-0.18%
GM	B	-0.18%
MET	A	-0.17%
BK	A	-0.17%
VLO	C	-0.17%
JCI	C	-0.17%
HLT	A	-0.17%
IPG	D	-0.16%
LHX	C	-0.16%
KMI	A	-0.15%
HES	B	-0.15%
CMI	A	-0.15%
F	C	-0.15%
DD	D	-0.14%
PEG	A	-0.14%
HWM	A	-0.14%
OTIS	C	-0.13%
AME	A	-0.13%
VRSK	A	-0.13%
VMC	B	-0.12%
IR	B	-0.12%
MLM	B	-0.12%
XEL	A	-0.12%
KHC	F	-0.12%
RCL	A	-0.12%
AVB	B	-0.11%
ROK	B	-0.11%
VST	B	-0.11%
EIX	B	-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	C	-0.09%
SYF	B	-0.08%
APTV	D	-0.08%
SBAC	D	-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%
ILMN	D	-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%
JBHT	C	-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%
HRL	D	-0.03%
CNH	C	-0.03%
TAP	C	-0.03%