QUS vs. NACP ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Impact Shares NAACP Minority Empowerment ETF (NACP)

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$162.34

Average Daily Volume

15,079

Number of Holdings ^*

582

* 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

$42.99

Average Daily Volume

3,331

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	QUS	NACP
30 Days	2.41%	3.28%
60 Days	6.35%	9.81%
90 Days	9.51%	12.53%
12 Months	34.96%	40.06%

192 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in NACP	Overlap
A	D	0.11%	0.14%	0.11%
AAPL	B	3.34%	5.03%	3.34%
ABBV	B	0.61%	1.22%	0.61%
ABT	B	0.15%	0.69%	0.15%
ACM	B	0.01%	0.05%	0.01%
ACN	C	1.16%	3.58%	1.16%
ADM	F	0.08%	0.11%	0.08%
ADP	A	0.53%	0.4%	0.4%
AEP	D	0.19%	0.19%	0.19%
AES	F	0.02%	0.05%	0.02%
ALB	C	0.02%	0.04%	0.02%
AME	A	0.02%	0.13%	0.02%
AMH	D	0.01%	0.05%	0.01%
AMZN	B	0.66%	4.47%	0.66%
AON	B	0.21%	0.24%	0.21%
APTV	F	0.03%	0.08%	0.03%
AVB	A	0.02%	0.11%	0.02%
AXP	B	0.1%	0.56%	0.1%
BA	F	0.03%	0.38%	0.03%
BAC	B	0.63%	0.99%	0.63%
BAH	B	0.25%	0.07%	0.07%
BAX	F	0.03%	0.07%	0.03%
BDX	F	0.26%	0.23%	0.23%
BG	F	0.04%	0.05%	0.04%
BIIB	F	0.03%	0.1%	0.03%
BK	B	0.09%	0.17%	0.09%
BMY	C	0.33%	0.35%	0.33%
BSX	A	0.04%	0.41%	0.04%
C	B	0.42%	0.45%	0.42%
CCI	D	0.03%	0.18%	0.03%
CF	B	0.03%	0.05%	0.03%
CI	F	0.23%	0.37%	0.23%
CLX	B	0.01%	0.07%	0.01%
CMI	B	0.16%	0.15%	0.15%
CMS	D	0.09%	0.07%	0.07%
CNH	D	0.03%	0.03%	0.03%
COP	C	0.16%	0.49%	0.16%
CPB	D	0.13%	0.04%	0.04%
CSX	B	0.05%	0.24%	0.05%
CVS	F	0.31%	0.27%	0.27%
CVX	B	0.51%	1.04%	0.51%
D	C	0.14%	0.18%	0.14%
DAL	B	0.01%	0.09%	0.01%
DD	D	0.04%	0.14%	0.04%
DE	C	0.11%	0.36%	0.11%
DELL	C	0.06%	0.54%	0.06%
DGX	B	0.06%	0.06%	0.06%
DHR	F	0.09%	0.64%	0.09%
DOC	B	0.01%	0.06%	0.01%
DTE	D	0.1%	0.08%	0.08%
DUK	D	0.61%	0.32%	0.32%
DVN	F	0.04%	0.1%	0.04%
EA	B	0.29%	0.45%	0.29%
EBAY	D	0.02%	0.11%	0.02%
ECL	D	0.03%	0.21%	0.03%
ED	D	0.45%	0.12%	0.12%
EIX	D	0.04%	0.11%	0.04%
ELV	F	0.3%	0.47%	0.3%
EMN	D	0.02%	0.04%	0.02%
EMR	B	0.04%	0.22%	0.04%
EQIX	B	0.02%	0.29%	0.02%
ES	D	0.03%	0.08%	0.03%
ETN	A	0.05%	0.44%	0.05%
ETR	B	0.04%	0.08%	0.04%
EW	F	0.13%	0.15%	0.13%
EXC	D	0.06%	0.15%	0.06%
EXPD	D	0.06%	0.07%	0.06%
F	D	0.15%	0.15%	0.15%
FCX	C	0.05%	0.25%	0.05%
FDX	B	0.11%	0.25%	0.11%
FE	D	0.02%	0.08%	0.02%
GE	C	0.11%	0.69%	0.11%
GILD	B	0.43%	0.35%	0.35%
GM	B	0.29%	0.18%	0.18%
GOOG	B	1.14%	2.16%	1.14%
GOOGL	B	1.23%	2.41%	1.23%
HBAN	B	0.05%	0.07%	0.05%
HES	C	0.02%	0.15%	0.02%
HLT	A	0.01%	0.17%	0.01%
HON	B	0.47%	0.46%	0.46%
HPQ	B	0.07%	0.62%	0.07%
HRL	F	0.08%	0.03%	0.03%
HSY	F	0.19%	0.1%	0.1%
HUBB	B	0.07%	0.06%	0.06%
HWM	B	0.01%	0.14%	0.01%
IBM	D	0.68%	3.08%	0.68%
IFF	F	0.02%	0.09%	0.02%
ILMN	B	0.01%	0.07%	0.01%
INTC	C	0.16%	1.52%	0.16%
IPG	F	0.02%	0.16%	0.02%
IR	B	0.02%	0.12%	0.02%
ITW	B	0.27%	0.27%	0.27%
JBHT	B	0.05%	0.05%	0.05%
JCI	A	0.05%	0.17%	0.05%
JNJ	D	1.73%	1.44%	1.44%
JPM	B	0.98%	2.39%	0.98%
K	A	0.29%	0.07%	0.07%
KHC	F	0.19%	0.12%	0.12%
KMI	A	0.06%	0.15%	0.06%
KO	D	0.88%	0.99%	0.88%
KR	A	0.3%	0.13%	0.13%
LH	A	0.03%	0.07%	0.03%
LHX	A	0.04%	0.16%	0.04%
LII	A	0.01%	0.07%	0.01%
LNG	A	0.05%	0.16%	0.05%
LNT	D	0.05%	0.05%	0.05%
LOW	B	0.12%	0.51%	0.12%
LUV	B	0.01%	0.06%	0.01%
MA	A	1.67%	1.4%	1.4%
MAR	A	0.02%	0.19%	0.02%
MCO	C	0.2%	0.26%	0.2%
MDLZ	F	0.24%	0.36%	0.24%
MDT	C	0.15%	0.42%	0.15%
MELI	D	0.08%	0.38%	0.08%
MET	C	0.09%	0.17%	0.09%
META	B	2.49%	3.63%	2.49%
MLM	B	0.02%	0.12%	0.02%
MMM	C	0.27%	0.26%	0.26%
MOS	C	0.03%	0.03%	0.03%
MPC	F	0.3%	0.23%	0.23%
MRK	F	0.5%	1.03%	0.5%
MS	B	0.18%	0.47%	0.18%
MSFT	C	2.83%	4.63%	2.83%
MU	C	0.07%	1.75%	0.07%
NDAQ	B	0.02%	0.08%	0.02%
NDSN	C	0.01%	0.05%	0.01%
NEE	D	0.1%	0.66%	0.1%
NEM	D	0.21%	0.22%	0.21%
NI	A	0.02%	0.05%	0.02%
NKE	F	0.29%	0.36%	0.29%
NOC	C	0.57%	0.29%	0.29%
NRG	B	0.03%	0.07%	0.03%
NSC	B	0.05%	0.2%	0.05%
NVDA	B	2.73%	4.9%	2.73%
OC	B	0.02%	0.05%	0.02%
OKE	A	0.05%	0.18%	0.05%
OTIS	B	0.04%	0.13%	0.04%
PANW	A	0.3%	1.81%	0.3%
PCG	B	0.06%	0.09%	0.06%
PEG	D	0.04%	0.14%	0.04%
PEP	F	1.06%	0.92%	0.92%
PFE	F	0.38%	0.62%	0.38%
PFG	C	0.03%	0.03%	0.03%
PLD	F	0.08%	0.42%	0.08%
PNC	A	0.15%	0.27%	0.15%
PPG	F	0.02%	0.1%	0.02%
PPL	B	0.03%	0.08%	0.03%
PSX	F	0.14%	0.22%	0.14%
PYPL	A	0.07%	0.27%	0.07%
QCOM	C	0.57%	3.18%	0.57%
RCL	B	0.01%	0.12%	0.01%
REG	B	0.01%	0.04%	0.01%
RF	B	0.05%	0.07%	0.05%
RMD	B	0.1%	0.11%	0.1%
ROK	B	0.1%	0.11%	0.1%
SBAC	D	0.01%	0.08%	0.01%
SCHW	B	0.06%	0.33%	0.06%
SJM	D	0.02%	0.05%	0.02%
SO	D	0.55%	0.35%	0.35%
SPGI	D	0.06%	0.55%	0.06%
SRE	A	0.06%	0.18%	0.06%
SWK	F	0.02%	0.06%	0.02%
SYF	B	0.06%	0.08%	0.06%
T	B	0.67%	0.45%	0.45%
TAP	C	0.02%	0.03%	0.02%
TFC	B	0.15%	0.22%	0.15%
TFX	F	0.01%	0.04%	0.01%
TMO	F	0.11%	0.83%	0.11%
TROW	B	0.09%	0.09%	0.09%
TRV	B	0.45%	0.18%	0.18%
TSLA	B	0.22%	2.22%	0.22%
TSN	D	0.27%	0.07%	0.07%
TT	A	0.24%	0.29%	0.24%
TXT	D	0.02%	0.06%	0.02%
UBER	F	0.2%	2.29%	0.2%
UNH	B	2.12%	1.95%	1.95%
UNP	D	0.08%	0.56%	0.08%
UPS	D	0.11%	0.35%	0.11%
URI	B	0.04%	0.18%	0.04%
V	B	1.8%	1.53%	1.53%
VLO	D	0.14%	0.17%	0.14%
VMC	B	0.02%	0.12%	0.02%
VRSK	A	0.15%	0.13%	0.13%
VST	B	0.02%	0.11%	0.02%
VZ	D	0.81%	2.26%	0.81%
WBA	F	0.07%	0.03%	0.03%
WEC	B	0.28%	0.1%	0.1%
WMB	B	0.14%	0.19%	0.14%
WMT	A	0.92%	0.73%	0.73%
XEL	B	0.19%	0.12%	0.12%
XOM	B	0.8%	2.0%	0.8%
XYL	F	0.01%	0.11%	0.01%

QUS Overweight 390 Positions Relative to NACP

Symbol	Grade	Weight
LLY	D	2.2%
CSCO	A	1.31%
COST	B	1.28%
TXN	A	1.1%
BRK.A	C	1.07%
TMUS	A	0.74%
LMT	D	0.74%
ADBE	F	0.7%
APH	B	0.7%
MMC	C	0.69%
CB	D	0.64%
CAT	B	0.63%
AVGO	B	0.63%
PGR	B	0.62%
PG	D	0.59%
MSI	A	0.59%
VRTX	A	0.59%
TJX	C	0.53%
AMAT	D	0.53%
RSG	B	0.52%
WM	B	0.52%
WCN	B	0.52%
ORCL	A	0.51%
MCD	D	0.5%
MCK	B	0.5%
ROP	B	0.46%
WFC	B	0.44%
AJG	C	0.44%
CMCSA	B	0.42%
ANET	C	0.41%
ACGL	D	0.39%
CTSH	B	0.38%
AZO	D	0.35%
HD	B	0.34%
COR	B	0.34%
KLAC	F	0.33%
LRCX	D	0.33%
CBOE	D	0.31%
AMGN	C	0.31%
REGN	F	0.31%
GDDY	A	0.3%
FCNCA	B	0.3%
SNPS	B	0.29%
CDNS	B	0.29%
FI	B	0.29%
GIS	F	0.28%
KEYS	A	0.27%
GS	B	0.27%
NOW	B	0.26%
ZTS	F	0.26%
SHW	B	0.25%
ORLY	B	0.25%
KDP	F	0.24%
CTAS	A	0.23%
CME	B	0.23%
FFIV	B	0.23%
AFL	D	0.22%
VRSN	D	0.22%
FANG	D	0.22%
TDY	A	0.21%
CMG	C	0.21%
CDW	F	0.21%
DHI	D	0.2%
INCY	A	0.2%
GRMN	B	0.2%
YUM	C	0.19%
ERIE	D	0.19%
HUM	F	0.19%
RTX	C	0.19%
PTC	B	0.18%
JNPR	C	0.18%
EG	D	0.18%
CTVA	C	0.18%
FICO	B	0.18%
GWW	A	0.18%
CL	F	0.17%
AKAM	F	0.17%
USB	B	0.16%
ROL	C	0.16%
NTAP	C	0.16%
PAYX	A	0.16%
LIN	D	0.16%
GLW	B	0.15%
WTW	B	0.15%
FAST	B	0.15%
ADSK	A	0.15%
COF	B	0.15%
ICE	D	0.15%
ADI	D	0.15%
MKL	B	0.14%
EOG	B	0.14%
MOH	F	0.14%
WDAY	C	0.14%
PSA	D	0.14%
AFG	B	0.14%
DIS	C	0.14%
NFLX	A	0.13%
IT	B	0.13%
ODFL	B	0.13%
CPRT	B	0.13%
CHD	C	0.13%
IDXX	F	0.13%
LULU	D	0.12%
MCHP	F	0.12%
PM	C	0.12%
NBIX	C	0.12%
WRB	B	0.12%
MNST	B	0.12%
MPWR	F	0.12%
GEN	B	0.12%
L	A	0.12%
AIG	C	0.12%
AEE	A	0.11%
NVR	D	0.11%
CRM	A	0.11%
PHM	D	0.11%
CAH	B	0.11%
AIZ	A	0.11%
WBD	C	0.1%
KMB	D	0.1%
TGT	F	0.1%
OXY	F	0.1%
UTHR	B	0.1%
BMRN	F	0.09%
TSCO	C	0.09%
HIG	C	0.09%
ALNY	B	0.09%
CNC	F	0.09%
BBY	D	0.09%
MTB	B	0.08%
CHTR	B	0.08%
BLDR	D	0.08%
VLTO	D	0.08%
ULTA	C	0.08%
PKG	B	0.08%
PRU	C	0.08%
VEEV	B	0.08%
DECK	B	0.08%
EME	B	0.07%
DOW	F	0.07%
AMD	F	0.07%
STX	D	0.07%
HUBS	B	0.07%
TW	B	0.07%
NUE	C	0.07%
OMC	B	0.07%
GD	B	0.07%
TPL	B	0.07%
HOLX	D	0.07%
STT	B	0.06%
FITB	B	0.06%
WSM	F	0.06%
CRWD	C	0.06%
MO	B	0.06%
SNA	A	0.06%
SBUX	B	0.06%
WAT	B	0.06%
SOLV	C	0.06%
ALL	B	0.06%
HPE	B	0.06%
CFG	B	0.06%
LPLA	A	0.06%
DPZ	C	0.06%
HCA	D	0.06%
LEN	D	0.06%
WST	C	0.06%
MANH	C	0.06%
DFS	B	0.06%
POOL	B	0.05%
APD	B	0.05%
SYY	C	0.05%
IEX	B	0.05%
SMCI	F	0.05%
FDS	B	0.05%
LYB	F	0.05%
VTRS	B	0.05%
TER	F	0.05%
SLB	D	0.05%
CBRE	A	0.05%
APA	F	0.05%
SYK	A	0.05%
SWKS	F	0.05%
WSO	B	0.05%
PCAR	B	0.05%
BKNG	B	0.04%
FIS	C	0.04%
PH	B	0.04%
GPN	C	0.04%
CARR	D	0.04%
CEG	D	0.04%
AMP	B	0.04%
WELL	B	0.04%
BKR	B	0.04%
KNX	B	0.04%
VICI	D	0.04%
DLR	B	0.04%
ALLE	C	0.04%
KEY	B	0.04%
STLD	B	0.04%
ATO	A	0.04%
KKR	B	0.04%
JKHY	C	0.04%
AMT	F	0.04%
KVUE	A	0.04%
GEV	A	0.04%
GGG	C	0.04%
BX	A	0.04%
O	D	0.04%
EQT	B	0.03%
APO	B	0.03%
ON	D	0.03%
ALLY	C	0.03%
SW	B	0.03%
TTC	D	0.03%
BR	A	0.03%
KMX	F	0.03%
ACI	C	0.03%
PARA	C	0.03%
PAYC	B	0.03%
OVV	D	0.03%
JBL	C	0.03%
SEIC	B	0.03%
ROST	D	0.03%
AOS	F	0.03%
WY	D	0.03%
SPG	A	0.03%
FSLR	F	0.03%
GEHC	D	0.03%
NXPI	D	0.03%
NTRS	B	0.03%
RJF	B	0.03%
LW	C	0.03%
CTRA	C	0.03%
CINF	B	0.03%
MKTX	C	0.03%
MRO	B	0.03%
IP	B	0.03%
ENPH	F	0.03%
EPAM	C	0.03%
ISRG	A	0.03%
INTU	A	0.03%
EFX	D	0.02%
SSNC	C	0.02%
BXP	B	0.02%
EXPE	B	0.02%
RVTY	B	0.02%
STZ	F	0.02%
LKQ	F	0.02%
CCK	C	0.02%
BALL	F	0.02%
ABNB	D	0.02%
DOV	B	0.02%
DLTR	F	0.02%
GPC	F	0.02%
FTV	F	0.02%
AWK	D	0.02%
EQH	B	0.02%
KIM	A	0.02%
VTR	B	0.02%
AMCR	D	0.02%
WDC	C	0.02%
MRVL	B	0.02%
MRNA	F	0.02%
UHS	D	0.02%
J	C	0.02%
ARE	D	0.02%
LDOS	A	0.02%
EQR	D	0.02%
CNP	B	0.02%
EVRG	B	0.02%
CE	F	0.02%
FNF	C	0.02%
FOXA	B	0.02%
WAB	A	0.02%
PWR	A	0.02%
ZBH	C	0.02%
CRBG	C	0.02%
CHRW	B	0.02%
CAG	F	0.02%
DG	F	0.02%
DINO	F	0.02%
IQV	F	0.02%
EXR	D	0.02%
TRGP	A	0.02%
RS	B	0.02%
HAL	D	0.02%
SQ	C	0.02%
TTD	B	0.01%
PLTR	A	0.01%
Z	B	0.01%
RIVN	F	0.01%
BBWI	D	0.01%
TYL	B	0.01%
ENTG	F	0.01%
BIO	B	0.01%
ALGN	F	0.01%
LYV	B	0.01%
MTD	F	0.01%
MTCH	F	0.01%
VRT	A	0.01%
UDR	C	0.01%
LVS	C	0.01%
QRVO	F	0.01%
ARES	B	0.01%
CRL	D	0.01%
DASH	A	0.01%
DVA	D	0.01%
CSGP	D	0.01%
WLK	F	0.01%
APP	B	0.01%
CTLT	D	0.01%
MSCI	B	0.01%
ANSS	B	0.01%
CPT	C	0.01%
TWLO	A	0.01%
COIN	B	0.01%
UHAL	B	0.01%
RPRX	F	0.01%
TDG	C	0.01%
FOX	B	0.01%
WTRG	B	0.01%
CSL	C	0.01%
GLPI	D	0.01%
FTNT	A	0.01%
MGM	F	0.01%
HST	C	0.01%
AVY	F	0.01%
PNR	B	0.01%
RPM	B	0.01%
ESS	C	0.01%
NWSA	B	0.01%
TRU	C	0.01%
TRMB	A	0.01%
MAS	D	0.01%
FBIN	D	0.01%
AVTR	F	0.01%
BEN	C	0.01%
TTWO	B	0.01%
WPC	D	0.01%
SUI	F	0.01%
CCL	B	0.01%
IRM	C	0.01%
ZBRA	B	0.01%
BURL	C	0.01%
STE	F	0.01%
MAA	C	0.01%
INVH	D	0.01%
MKC	D	0.01%
HII	F	0.01%
HSIC	F	0.01%
ZM	A	0.01%
BRO	B	0.01%
CHRD	F	0.01%
EL	F	0.01%
CPAY	B	0.01%
DKS	D	0.01%
DRI	B	0.01%
CG	B	0.01%
CELH	F	0.0%
IOT	A	0.0%
TEAM	B	0.0%
ZS	C	0.0%
NET	C	0.0%
RBLX	B	0.0%
TOST	B	0.0%
MDB	C	0.0%
DKNG	C	0.0%
BSY	F	0.0%
DDOG	C	0.0%
PSTG	C	0.0%
H	C	0.0%
DOCU	A	0.0%
SNAP	C	0.0%
PODD	B	0.0%
DT	C	0.0%
MSTR	B	0.0%
HEI	C	0.0%
WYNN	D	0.0%
DAY	A	0.0%
SNOW	C	0.0%
DXCM	D	0.0%
AXON	B	0.0%
ROKU	C	0.0%
HEI	C	0.0%
PINS	D	0.0%
ELS	C	0.0%
EXAS	F	0.0%
OKTA	D	0.0%
HOOD	A	0.0%
TECH	B	0.0%

QUS Underweight 5 Positions Relative to NACP

Symbol	Grade	Weight
UAL	A	-0.05%
LECO	C	-0.04%
USFD	B	-0.04%
BWA	D	-0.03%
SCCO	D	-0.03%