QWLD vs. NACP ETF Comparison

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* 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	QWLD	NACP
30 Days	0.82%	2.08%
60 Days	0.23%	4.48%
90 Days	0.87%	6.57%
12 Months	22.65%	32.92%

193 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in NACP	Overlap
A	D	0.06%	0.14%	0.06%
AAPL	C	2.57%	5.03%	2.57%
ABBV	D	0.34%	1.22%	0.34%
ABBV	D	0.16%	1.22%	0.16%
ABT	B	0.09%	0.69%	0.09%
ACM	A	0.01%	0.05%	0.01%
ACN	C	0.65%	3.58%	0.65%
ADM	D	0.05%	0.11%	0.05%
ADP	B	0.26%	0.4%	0.26%
AEP	D	0.07%	0.19%	0.07%
AES	F	0.01%	0.05%	0.01%
ALB	C	0.01%	0.04%	0.01%
AME	A	0.01%	0.13%	0.01%
AMH	D	0.0%	0.05%	0.0%
AMZN	C	0.37%	4.47%	0.37%
AON	A	0.17%	0.24%	0.17%
APTV	D	0.01%	0.08%	0.01%
AVB	B	0.01%	0.11%	0.01%
AXP	A	0.06%	0.56%	0.06%
BA	F	0.01%	0.38%	0.01%
BAC	A	0.39%	0.99%	0.39%
BAH	F	0.15%	0.07%	0.07%
BAX	D	0.01%	0.07%	0.01%
BDX	F	0.07%	0.23%	0.07%
BG	F	0.03%	0.05%	0.03%
BIIB	F	0.01%	0.1%	0.01%
BK	A	0.05%	0.17%	0.05%
BMY	B	0.21%	0.35%	0.21%
BSX	B	0.02%	0.41%	0.02%
C	A	0.25%	0.45%	0.25%
CCI	D	0.01%	0.18%	0.01%
CF	B	0.13%	0.05%	0.05%
CI	F	0.18%	0.37%	0.18%
CLX	B	0.01%	0.07%	0.01%
CMI	A	0.1%	0.15%	0.1%
CMS	C	0.05%	0.07%	0.05%
CNH	C	0.01%	0.03%	0.01%
COP	C	0.1%	0.49%	0.1%
CPB	D	0.09%	0.04%	0.04%
CSX	B	0.11%	0.24%	0.11%
CVS	D	0.16%	0.27%	0.16%
CVX	A	0.33%	1.04%	0.33%
D	C	0.06%	0.18%	0.06%
DAL	C	0.01%	0.09%	0.01%
DD	D	0.02%	0.14%	0.02%
DE	A	0.06%	0.36%	0.06%
DELL	C	0.01%	0.54%	0.01%
DGX	A	0.11%	0.06%	0.06%
DHR	F	0.05%	0.64%	0.05%
DOC	D	0.01%	0.06%	0.01%
DTE	C	0.02%	0.08%	0.02%
DUK	C	0.36%	0.32%	0.32%
DVN	F	0.03%	0.1%	0.03%
EA	A	0.2%	0.45%	0.2%
EBAY	D	0.01%	0.11%	0.01%
ECL	D	0.01%	0.21%	0.01%
ED	D	0.35%	0.12%	0.12%
EIX	B	0.03%	0.11%	0.03%
ELV	F	0.21%	0.47%	0.21%
EMN	D	0.01%	0.04%	0.01%
EMR	A	0.03%	0.22%	0.03%
EQIX	A	0.02%	0.29%	0.02%
ES	D	0.01%	0.08%	0.01%
ETN	A	0.03%	0.44%	0.03%
ETR	B	0.03%	0.08%	0.03%
EW	C	0.07%	0.15%	0.07%
EXC	C	0.03%	0.15%	0.03%
EXPD	D	0.04%	0.07%	0.04%
F	C	0.09%	0.15%	0.09%
FCX	D	0.02%	0.25%	0.02%
FDX	B	0.07%	0.25%	0.07%
FE	C	0.01%	0.08%	0.01%
GE	D	0.31%	0.69%	0.31%
GILD	C	0.24%	0.35%	0.24%
GM	B	0.19%	0.18%	0.18%
GOOG	C	0.94%	2.16%	0.94%
GOOGL	C	1.07%	2.41%	1.07%
HBAN	A	0.03%	0.07%	0.03%
HES	B	0.01%	0.15%	0.01%
HLT	A	0.01%	0.17%	0.01%
HON	B	0.26%	0.46%	0.26%
HPQ	B	0.04%	0.62%	0.04%
HRL	D	0.09%	0.03%	0.03%
HSY	F	0.16%	0.1%	0.1%
HUBB	B	0.04%	0.06%	0.04%
HWM	A	0.01%	0.14%	0.01%
IBM	C	0.46%	3.08%	0.46%
IFF	D	0.01%	0.09%	0.01%
ILMN	D	0.0%	0.07%	0.0%
INTC	D	0.1%	1.52%	0.1%
IPG	D	0.02%	0.16%	0.02%
IR	B	0.01%	0.12%	0.01%
ITW	B	0.13%	0.27%	0.13%
JBHT	C	0.03%	0.05%	0.03%
JCI	C	0.03%	0.17%	0.03%
JNJ	D	1.1%	1.44%	1.1%
JPM	A	0.6%	2.39%	0.6%
K	A	0.23%	0.07%	0.07%
KHC	F	0.2%	0.12%	0.12%
KMI	A	0.04%	0.15%	0.04%
KO	D	0.56%	0.99%	0.56%
KR	B	0.31%	0.13%	0.13%
LH	C	0.02%	0.07%	0.02%
LHX	C	0.02%	0.16%	0.02%
LII	A	0.0%	0.07%	0.0%
LNG	B	0.06%	0.16%	0.06%
LNT	A	0.03%	0.05%	0.03%
LOW	D	0.07%	0.51%	0.07%
LUV	C	0.0%	0.06%	0.0%
MA	C	0.71%	1.4%	0.71%
MAR	B	0.01%	0.19%	0.01%
MCO	B	0.13%	0.26%	0.13%
MDLZ	F	0.14%	0.36%	0.14%
MDT	D	0.06%	0.42%	0.06%
MELI	D	0.01%	0.38%	0.01%
MET	A	0.05%	0.17%	0.05%
META	D	2.11%	3.63%	2.11%
MLM	B	0.01%	0.12%	0.01%
MMM	D	0.14%	0.26%	0.14%
MOS	F	0.02%	0.03%	0.02%
MPC	D	0.17%	0.23%	0.17%
MRK	F	0.42%	1.03%	0.42%
MS	A	0.12%	0.47%	0.12%
MSFT	F	2.3%	4.63%	2.3%
MU	D	0.04%	1.75%	0.04%
NDAQ	A	0.01%	0.08%	0.01%
NDSN	B	0.02%	0.05%	0.02%
NEE	D	0.06%	0.66%	0.06%
NEM	D	0.04%	0.22%	0.04%
NI	A	0.01%	0.05%	0.01%
NKE	D	0.17%	0.36%	0.17%
NOC	D	0.32%	0.29%	0.29%
NRG	B	0.02%	0.07%	0.02%
NSC	B	0.03%	0.2%	0.03%
NVDA	C	2.53%	4.9%	2.53%
OC	A	0.03%	0.05%	0.03%
OKE	A	0.03%	0.18%	0.03%
OTIS	C	0.01%	0.13%	0.01%
PANW	C	0.18%	1.81%	0.18%
PCG	A	0.03%	0.09%	0.03%
PEG	A	0.02%	0.14%	0.02%
PEP	F	0.77%	0.92%	0.77%
PFE	D	0.18%	0.62%	0.18%
PFG	D	0.02%	0.03%	0.02%
PLD	D	0.04%	0.42%	0.04%
PNC	B	0.1%	0.27%	0.1%
PPG	F	0.01%	0.1%	0.01%
PPL	B	0.01%	0.08%	0.01%
PSX	C	0.14%	0.22%	0.14%
PYPL	B	0.04%	0.27%	0.04%
QCOM	F	0.32%	3.18%	0.32%
RCL	A	0.01%	0.12%	0.01%
REG	B	0.01%	0.04%	0.01%
RF	A	0.03%	0.07%	0.03%
RMD	C	0.05%	0.11%	0.05%
ROK	B	0.06%	0.11%	0.06%
SBAC	D	0.01%	0.08%	0.01%
SCHW	B	0.04%	0.33%	0.04%
SJM	D	0.07%	0.05%	0.05%
SO	D	0.46%	0.35%	0.35%
SPGI	C	0.04%	0.55%	0.04%
SRE	A	0.04%	0.18%	0.04%
SWK	D	0.01%	0.06%	0.01%
SYF	B	0.04%	0.08%	0.04%
T	A	0.39%	0.45%	0.39%
TAP	C	0.01%	0.03%	0.01%
TFC	A	0.09%	0.22%	0.09%
TFX	F	0.0%	0.04%	0.0%
TMO	F	0.06%	0.83%	0.06%
TROW	B	0.05%	0.09%	0.05%
TRV	B	0.3%	0.18%	0.18%
TSLA	B	0.16%	2.22%	0.16%
TSN	B	0.15%	0.07%	0.07%
TT	A	0.15%	0.29%	0.15%
TXT	D	0.01%	0.06%	0.01%
UBER	D	0.01%	2.29%	0.01%
UNH	C	1.35%	1.95%	1.35%
UNP	C	0.26%	0.56%	0.26%
UPS	C	0.07%	0.35%	0.07%
URI	B	0.02%	0.18%	0.02%
V	A	1.21%	1.53%	1.21%
VLO	C	0.08%	0.17%	0.08%
VMC	B	0.01%	0.12%	0.01%
VRSK	A	0.01%	0.13%	0.01%
VST	B	0.01%	0.11%	0.01%
VZ	C	0.58%	2.26%	0.58%
WBA	F	0.04%	0.03%	0.03%
WEC	A	0.2%	0.1%	0.1%
WMB	A	0.19%	0.19%	0.19%
WMT	A	0.76%	0.73%	0.73%
XEL	A	0.09%	0.12%	0.09%
XOM	B	0.47%	2.0%	0.47%
XYL	D	0.01%	0.11%	0.01%

QWLD Overweight 417 Positions Relative to NACP

Symbol	Grade	Weight
LLY	F	1.14%
CSCO	B	1.03%
PG	A	0.95%
NVS	D	0.79%
TMUS	B	0.76%
COST	B	0.76%
BRK.A	B	0.73%
MSI	B	0.65%
MCK	B	0.58%
NFLX	A	0.54%
WM	A	0.52%
MMC	B	0.51%
ROP	B	0.48%
TXN	C	0.48%
RSG	A	0.46%
VRTX	F	0.43%
APH	A	0.43%
MCD	D	0.42%
LMT	D	0.42%
ADBE	C	0.42%
COR	B	0.41%
CB	C	0.4%
CAT	B	0.36%
PGR	A	0.35%
TJX	A	0.35%
GIS	D	0.33%
REGN	F	0.31%
AMAT	F	0.29%
WFC	A	0.28%
AZO	C	0.28%
INTU	C	0.27%
UL	D	0.27%
WCN	A	0.27%
ACGL	D	0.26%
HSBH	B	0.25%
GDDY	A	0.25%
BLK	C	0.25%
ORCL	B	0.25%
ISRG	A	0.25%
ORLY	B	0.24%
CBOE	B	0.24%
MFG	B	0.24%
CL	D	0.2%
CTSH	B	0.2%
AJG	B	0.19%
ANET	C	0.19%
CHD	B	0.19%
GD	F	0.18%
LRCX	F	0.18%
KEYS	A	0.17%
CMCSA	B	0.17%
L	A	0.17%
CHKP	D	0.17%
GS	A	0.17%
CME	A	0.16%
FFIV	B	0.16%
AMGN	D	0.16%
TM	D	0.15%
TGT	F	0.15%
YUM	B	0.15%
UTHR	C	0.15%
INCY	C	0.15%
HD	A	0.15%
ZTS	D	0.15%
HUM	C	0.15%
CMG	B	0.14%
KDP	D	0.14%
VRSN	F	0.14%
BRO	B	0.14%
CTAS	B	0.14%
SHW	A	0.14%
MUFG	B	0.14%
WRB	A	0.14%
KLAC	D	0.14%
CAH	B	0.13%
MKL	A	0.13%
CDNS	B	0.13%
ERIE	D	0.12%
GEN	B	0.12%
JNPR	F	0.12%
AFL	B	0.12%
SNPS	B	0.12%
TD	F	0.12%
E	F	0.12%
NBIX	C	0.11%
AKAM	D	0.11%
KMB	D	0.11%
AVGO	D	0.11%
PCAR	B	0.11%
BCS	C	0.11%
FCNCA	A	0.11%
DEO	F	0.11%
GWW	B	0.11%
ADSK	A	0.1%
DIS	B	0.1%
COF	B	0.1%
CNI	D	0.1%
PAYX	C	0.1%
SMFG	B	0.1%
DHI	D	0.1%
FI	A	0.09%
PSA	D	0.09%
LEN	D	0.09%
FANG	D	0.09%
LYG	F	0.09%
RTX	C	0.09%
AEE	A	0.09%
FAST	B	0.09%
USB	A	0.09%
AMP	A	0.09%
ALL	A	0.08%
AMCR	D	0.08%
ODFL	B	0.08%
PTC	A	0.08%
CPRT	A	0.08%
ROL	B	0.08%
KVUE	A	0.08%
AIZ	A	0.08%
SONY	B	0.08%
STLA	F	0.08%
JKHY	D	0.07%
WBD	C	0.07%
MNST	C	0.07%
HMC	F	0.07%
AIG	B	0.07%
BMRN	D	0.07%
PM	B	0.07%
CDW	F	0.07%
LULU	C	0.07%
WTW	B	0.07%
IDXX	F	0.07%
TSCO	D	0.06%
TPL	A	0.06%
MCHP	D	0.06%
BBY	D	0.06%
TDY	B	0.06%
CRM	B	0.06%
EOG	A	0.06%
EG	C	0.06%
LIN	D	0.06%
MOH	F	0.06%
LOGI	D	0.06%
DPZ	C	0.06%
PHM	D	0.06%
ULTA	F	0.06%
NVR	D	0.06%
BLDR	D	0.05%
VEEV	C	0.05%
LPLA	A	0.05%
MTB	A	0.05%
BTI	B	0.05%
DOV	A	0.05%
VLTO	D	0.05%
CNC	D	0.05%
PRU	A	0.05%
DINO	D	0.05%
FICO	B	0.05%
MT	B	0.05%
DECK	A	0.05%
GPC	D	0.05%
CHTR	C	0.05%
GRMN	B	0.05%
ADI	D	0.04%
HCA	F	0.04%
WST	C	0.04%
SNA	A	0.04%
HPE	B	0.04%
SBUX	A	0.04%
MANH	D	0.04%
PKG	A	0.04%
CFG	B	0.04%
WAT	B	0.04%
CAG	D	0.04%
MO	A	0.04%
MPWR	F	0.04%
OMC	C	0.04%
CTVA	C	0.04%
BR	A	0.04%
WDAY	B	0.04%
NUE	C	0.04%
TRGP	B	0.04%
DFS	B	0.04%
NTAP	C	0.04%
EME	C	0.04%
AVY	D	0.03%
LYB	F	0.03%
SWKS	F	0.03%
IEX	B	0.03%
GGG	B	0.03%
SYY	B	0.03%
BX	A	0.03%
FDS	B	0.03%
POOL	C	0.03%
SW	A	0.03%
CBRE	B	0.03%
APD	A	0.03%
BKNG	A	0.03%
ICE	C	0.03%
HIG	B	0.03%
PNR	A	0.03%
SOLV	C	0.03%
VTRS	A	0.03%
SLB	C	0.03%
CSL	C	0.03%
SYK	C	0.03%
WSO	A	0.03%
STT	A	0.03%
DRI	B	0.03%
OXY	D	0.03%
AMD	F	0.03%
DOW	F	0.03%
FITB	A	0.03%
WSM	B	0.03%
IT	C	0.03%
ALLY	C	0.02%
KMX	B	0.02%
HAL	C	0.02%
TTC	D	0.02%
NXPI	D	0.02%
MKTX	D	0.02%
ACI	C	0.02%
EQT	B	0.02%
WY	D	0.02%
SQ	B	0.02%
AOS	F	0.02%
GEHC	F	0.02%
APO	B	0.02%
RS	B	0.02%
SEIC	B	0.02%
JBL	B	0.02%
NMR	B	0.02%
CEG	D	0.02%
NTRS	A	0.02%
ROST	C	0.02%
OVV	B	0.02%
SPG	B	0.02%
AER	B	0.02%
CINF	A	0.02%
FIS	C	0.02%
RJF	A	0.02%
AFG	A	0.02%
CTRA	B	0.02%
DLR	B	0.02%
WELL	A	0.02%
PAYC	B	0.02%
VICI	C	0.02%
PH	A	0.02%
CARR	D	0.02%
GLW	B	0.02%
MRO	B	0.02%
GPN	B	0.02%
AMT	D	0.02%
O	D	0.02%
IP	B	0.02%
DKS	C	0.02%
BKR	B	0.02%
EPAM	C	0.02%
KKR	A	0.02%
GEV	B	0.02%
ALLE	D	0.02%
STLD	B	0.02%
KEY	B	0.02%
APA	D	0.02%
TER	D	0.02%
DASH	A	0.01%
CPT	B	0.01%
WTRG	B	0.01%
CTLT	B	0.01%
MGM	D	0.01%
FSLR	F	0.01%
RPRX	D	0.01%
MBAVU	D	0.01%
HST	C	0.01%
EL	F	0.01%
GLPI	C	0.01%
DVA	B	0.01%
RPM	A	0.01%
HII	D	0.01%
TRU	D	0.01%
TRMB	B	0.01%
FOX	A	0.01%
AVTR	F	0.01%
NWSA	B	0.01%
TTWO	A	0.01%
STE	F	0.01%
SUI	D	0.01%
BURL	A	0.01%
IRM	D	0.01%
CCL	B	0.01%
MAS	D	0.01%
WPC	D	0.01%
STX	D	0.01%
CE	F	0.01%
MKC	D	0.01%
INVH	D	0.01%
EFX	F	0.01%
TWLO	A	0.01%
HSIC	B	0.01%
RVTY	F	0.01%
ESS	B	0.01%
BEN	C	0.01%
CG	A	0.01%
FTNT	C	0.01%
COIN	C	0.01%
MRNA	F	0.01%
CCEP	C	0.01%
BXP	D	0.01%
MAA	B	0.01%
ZM	B	0.01%
CHRD	D	0.01%
CCK	C	0.01%
AGCO	D	0.01%
ZBRA	B	0.01%
STZ	D	0.01%
ARE	D	0.01%
TDG	D	0.01%
BALL	D	0.01%
SSNC	B	0.01%
DLTR	F	0.01%
FTV	C	0.01%
AWK	D	0.01%
CPAY	A	0.01%
LKQ	D	0.01%
WFG	D	0.01%
ABNB	C	0.01%
SE	B	0.01%
WDC	D	0.01%
KNX	B	0.01%
LDOS	C	0.01%
VTR	C	0.01%
HOLX	D	0.01%
BSY	D	0.01%
KIM	A	0.01%
MRVL	B	0.01%
EXPE	B	0.01%
EQR	B	0.01%
EQH	B	0.01%
UHS	D	0.01%
IQV	D	0.01%
J	F	0.01%
FNF	B	0.01%
PWR	A	0.01%
ZBH	C	0.01%
CNP	B	0.01%
CRBG	B	0.01%
EVRG	A	0.01%
CHRW	C	0.01%
ATO	A	0.01%
DG	F	0.01%
FOXA	B	0.01%
WAB	B	0.01%
ON	D	0.01%
EXR	D	0.01%
NOW	A	0.01%
SMCI	F	0.01%
PARA	C	0.01%
ENPH	F	0.01%
GLBE	B	0.0%
IOT	A	0.0%
NET	B	0.0%
RBLX	C	0.0%
XRX	F	0.0%
DDOG	A	0.0%
DKNG	B	0.0%
TOST	B	0.0%
SNAP	C	0.0%
H	B	0.0%
PSTG	D	0.0%
FUTU	D	0.0%
HEI	B	0.0%
PINS	D	0.0%
DT	C	0.0%
DAY	B	0.0%
SNOW	C	0.0%
DOCU	A	0.0%
EXAS	D	0.0%
PODD	C	0.0%
GRAB	B	0.0%
TECH	D	0.0%
ROKU	D	0.0%
WYNN	D	0.0%
OKTA	C	0.0%
DXCM	D	0.0%
CRWD	B	0.0%
MSTR	C	0.0%
TYL	B	0.0%
TTD	B	0.0%
ELS	C	0.0%
HOOD	B	0.0%
ENTG	D	0.0%
TW	A	0.0%
HEI	B	0.0%
RIVN	F	0.0%
Z	A	0.0%
WLK	D	0.0%
MTCH	D	0.0%
LYV	A	0.0%
QGEN	D	0.0%
LW	C	0.0%
VRT	B	0.0%
APP	B	0.0%
BBWI	D	0.0%
MSCI	C	0.0%
CSGP	D	0.0%
AXON	A	0.0%
LVS	C	0.0%
CRL	C	0.0%
BIO	D	0.0%
UDR	B	0.0%
QRVO	F	0.0%
OTEX	D	0.0%
ANSS	B	0.0%
ALGN	D	0.0%
PLTR	B	0.0%
UHAL	D	0.0%
ARES	A	0.0%
FBIN	D	0.0%

QWLD Underweight 5 Positions Relative to NACP

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