RECS vs. NACP ETF Comparison

Comparison of Columbia Research Enhanced Core ETF (RECS) to Impact Shares NAACP Minority Empowerment ETF (NACP)

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.65

Average Daily Volume

393,572

Number of Holdings ^*

361

* 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	RECS	NACP
30 Days	3.51%	2.08%
60 Days	5.75%	4.48%
90 Days	7.12%	6.57%
12 Months	35.12%	32.92%

76 Overlapping Holdings

Symbol	Grade	Weight in RECS	Weight in NACP	Overlap
AAPL	C	8.2%	5.03%	5.03%
ABBV	D	0.55%	1.22%	0.55%
ACM	A	0.06%	0.05%	0.05%
ADM	D	0.13%	0.11%	0.11%
ADP	B	0.52%	0.4%	0.4%
AES	F	0.07%	0.05%	0.05%
AMH	D	0.06%	0.05%	0.05%
AMZN	C	4.7%	4.47%	4.47%
BAC	A	1.67%	0.99%	0.99%
BAX	D	0.1%	0.07%	0.07%
BDX	F	0.41%	0.23%	0.23%
BG	F	0.06%	0.05%	0.05%
BIIB	F	0.04%	0.1%	0.04%
BK	A	0.3%	0.17%	0.17%
BMY	B	0.73%	0.35%	0.35%
C	A	0.7%	0.45%	0.45%
CF	B	0.13%	0.05%	0.05%
CI	F	0.57%	0.37%	0.37%
CMI	A	0.21%	0.15%	0.15%
CSX	B	0.29%	0.24%	0.24%
CVX	A	0.8%	1.04%	0.8%
DAL	C	0.18%	0.09%	0.09%
DELL	C	0.09%	0.54%	0.09%
DTE	C	0.19%	0.08%	0.08%
EA	A	0.1%	0.45%	0.1%
EIX	B	0.24%	0.11%	0.11%
EQIX	A	0.45%	0.29%	0.29%
ETR	B	0.24%	0.08%	0.08%
EXC	C	0.29%	0.15%	0.15%
EXPD	D	0.07%	0.07%	0.07%
FDX	B	0.28%	0.25%	0.25%
GILD	C	0.19%	0.35%	0.19%
GOOG	C	1.97%	2.16%	1.97%
GOOGL	C	2.33%	2.41%	2.33%
HLT	A	0.22%	0.17%	0.17%
HPQ	B	0.09%	0.62%	0.09%
JNJ	D	2.34%	1.44%	1.44%
JPM	A	3.69%	2.39%	2.39%
K	A	0.1%	0.07%	0.07%
KHC	F	0.13%	0.12%	0.12%
KR	B	0.19%	0.13%	0.13%
LECO	B	0.05%	0.04%	0.04%
MDT	D	0.68%	0.42%	0.42%
MET	A	0.25%	0.17%	0.17%
META	D	2.88%	3.63%	2.88%
MMM	D	0.3%	0.26%	0.26%
MOS	F	0.06%	0.03%	0.03%
MPC	D	0.16%	0.23%	0.16%
MSFT	F	7.47%	4.63%	4.63%
NI	A	0.12%	0.05%	0.05%
NVDA	C	8.6%	4.9%	4.9%
OC	A	0.07%	0.05%	0.05%
OTIS	C	0.17%	0.13%	0.13%
PANW	C	0.28%	1.81%	0.28%
PCG	A	0.34%	0.09%	0.09%
PPG	F	0.22%	0.1%	0.1%
PSX	C	0.16%	0.22%	0.16%
PYPL	B	0.45%	0.27%	0.27%
QCOM	F	0.42%	3.18%	0.42%
RCL	A	0.19%	0.12%	0.12%
SBAC	D	0.12%	0.08%	0.08%
SWK	D	0.06%	0.06%	0.06%
SYF	B	0.14%	0.08%	0.08%
T	A	0.37%	0.45%	0.37%
TAP	C	0.05%	0.03%	0.03%
TMO	F	1.23%	0.83%	0.83%
TROW	B	0.14%	0.09%	0.09%
TT	A	0.41%	0.29%	0.29%
UAL	A	0.14%	0.05%	0.05%
UBER	D	0.6%	2.29%	0.6%
UNP	C	0.61%	0.56%	0.56%
UPS	C	0.41%	0.35%	0.35%
VLO	C	0.13%	0.17%	0.13%
VST	B	0.4%	0.11%	0.11%
XEL	A	0.29%	0.12%	0.12%
XOM	B	1.56%	2.0%	1.56%

RECS Overweight 285 Positions Relative to NACP

Symbol	Grade	Weight
PG	A	1.98%
WFC	A	1.38%
PM	B	1.01%
CAT	B	0.81%
BLK	C	0.79%
CRM	B	0.74%
FI	A	0.66%
BKNG	A	0.6%
MMC	B	0.58%
CSCO	B	0.56%
ADBE	C	0.52%
MCK	B	0.51%
NOW	A	0.5%
LMT	D	0.49%
TJX	A	0.48%
DIS	B	0.48%
AMT	D	0.48%
MO	A	0.47%
CME	A	0.44%
INTU	C	0.43%
HCA	F	0.4%
PH	A	0.38%
CL	D	0.37%
WM	A	0.37%
PLTR	B	0.33%
CTAS	B	0.32%
SPG	B	0.31%
AMGN	D	0.29%
NUE	C	0.27%
TGT	F	0.27%
ALL	A	0.27%
PCAR	B	0.25%
ANET	C	0.25%
COR	B	0.25%
PRU	A	0.24%
LRCX	F	0.23%
EOG	A	0.23%
KMB	D	0.23%
APP	B	0.21%
VRTX	F	0.21%
VRT	B	0.21%
CRWD	B	0.2%
CNC	D	0.2%
MSI	B	0.2%
CAH	B	0.19%
PAYX	C	0.19%
AEE	A	0.18%
PKG	A	0.17%
FITB	A	0.17%
WTW	B	0.17%
DHI	D	0.17%
GIS	D	0.17%
SPOT	B	0.16%
CSGP	D	0.16%
ROST	C	0.16%
STLD	B	0.16%
RJF	A	0.16%
LYB	F	0.16%
REGN	F	0.15%
WAB	B	0.15%
STT	A	0.15%
FCNCA	A	0.15%
MTD	D	0.15%
GPN	B	0.15%
RS	B	0.14%
LEN	D	0.14%
ZBH	C	0.14%
FTNT	C	0.14%
TTD	B	0.13%
RPM	A	0.13%
LULU	C	0.13%
EVRG	A	0.11%
EME	C	0.11%
INVH	D	0.11%
BR	A	0.11%
FTV	C	0.11%
HOLX	D	0.11%
WY	D	0.11%
CBOE	B	0.11%
DDOG	A	0.1%
DECK	A	0.1%
VTRS	A	0.1%
OXY	D	0.1%
FANG	D	0.1%
EG	C	0.09%
CCL	B	0.09%
CSL	C	0.09%
CVNA	B	0.09%
TEAM	A	0.09%
THC	D	0.09%
PHM	D	0.09%
LDOS	C	0.09%
BLDR	D	0.09%
ARE	D	0.09%
EWBC	A	0.08%
RGA	A	0.08%
L	A	0.08%
WSM	B	0.08%
EXPE	B	0.08%
SNA	A	0.08%
EQH	B	0.08%
NVR	D	0.08%
AVTR	F	0.08%
SSNC	B	0.07%
FIX	A	0.07%
GLPI	C	0.07%
JEF	A	0.07%
HPE	B	0.07%
UNM	A	0.07%
MAS	D	0.07%
EXP	A	0.07%
FHN	A	0.06%
CTRA	B	0.06%
AIZ	A	0.06%
BURL	A	0.06%
CE	F	0.06%
NTAP	C	0.06%
QGEN	D	0.06%
LVS	C	0.06%
SF	B	0.06%
JLL	D	0.06%
SOLV	C	0.06%
HST	C	0.06%
CAG	D	0.06%
MPWR	F	0.06%
WPC	D	0.06%
RPRX	D	0.06%
ZION	B	0.05%
MRO	B	0.05%
INGR	B	0.05%
BRX	A	0.05%
MEDP	D	0.05%
BRBR	A	0.05%
GL	B	0.05%
ZM	B	0.05%
ITT	A	0.05%
TOL	B	0.05%
LPX	B	0.05%
CW	B	0.05%
ALNY	D	0.05%
FTI	A	0.04%
APG	B	0.04%
NTRA	B	0.04%
ARMK	B	0.04%
CNM	D	0.04%
AXS	A	0.04%
OLN	D	0.04%
MANH	D	0.04%
AOS	F	0.04%
GEN	B	0.04%
DOCU	A	0.04%
UGI	A	0.04%
VRSN	F	0.04%
SON	D	0.04%
PSTG	D	0.04%
ACI	C	0.04%
BLD	D	0.04%
DCI	B	0.04%
WCC	B	0.04%
DKS	C	0.04%
NTNX	A	0.04%
PINS	D	0.04%
CLF	F	0.04%
NNN	D	0.04%
AYI	B	0.04%
CRBG	B	0.04%
ALSN	B	0.04%
ELAN	D	0.04%
SEIC	B	0.04%
TPR	B	0.04%
GNRC	B	0.04%
WTFC	A	0.04%
ZS	C	0.04%
TXRH	C	0.04%
JAZZ	B	0.04%
CACI	D	0.04%
NWSA	B	0.03%
MHK	D	0.03%
SAIC	F	0.03%
OZK	B	0.03%
HRB	D	0.03%
SLM	A	0.03%
DTM	B	0.03%
RL	B	0.03%
SKX	D	0.03%
AMG	B	0.03%
ASH	D	0.03%
JNPR	F	0.03%
ESAB	B	0.03%
LNW	D	0.03%
JHG	A	0.03%
MGM	D	0.03%
LNC	B	0.03%
MIDD	C	0.03%
R	B	0.03%
RHI	B	0.03%
SWKS	F	0.03%
KEX	C	0.03%
UTHR	C	0.03%
WLK	D	0.03%
BEN	C	0.03%
WYNN	D	0.03%
FFIV	B	0.03%
COKE	C	0.03%
COLB	A	0.03%
STAG	F	0.03%
MTG	C	0.03%
G	B	0.03%
FLS	B	0.03%
XP	F	0.03%
QRVO	F	0.02%
DBX	B	0.02%
AZTA	D	0.02%
PK	B	0.02%
CIVI	D	0.02%
VIRT	B	0.02%
MSM	C	0.02%
GTLB	B	0.02%
CWEN	C	0.02%
EPR	D	0.02%
LSCC	D	0.02%
HIW	D	0.02%
EXAS	D	0.02%
MTCH	D	0.02%
WFRD	D	0.02%
SMAR	A	0.02%
EXEL	B	0.02%
NYT	C	0.02%
GTES	A	0.02%
WU	D	0.02%
DINO	D	0.02%
LEA	D	0.02%
PVH	C	0.02%
ROKU	D	0.02%
THO	B	0.02%
BILL	A	0.02%
INCY	C	0.02%
CROX	D	0.02%
BMRN	D	0.02%
MRNA	F	0.02%
H	B	0.02%
CIEN	B	0.02%
SNX	C	0.02%
KRC	C	0.02%
EEFT	B	0.02%
RYN	D	0.02%
OGN	D	0.02%
PRGO	B	0.02%
XRAY	F	0.02%
NBIX	C	0.02%
SMG	D	0.02%
WH	B	0.02%
FOXA	B	0.02%
NEU	C	0.02%
MSA	D	0.02%
CNA	B	0.01%
APLS	D	0.01%
CRI	D	0.01%
ALGM	D	0.01%
CWEN	C	0.01%
RARE	D	0.01%
AMKR	D	0.01%
REYN	D	0.01%
ADTN	A	0.01%
NWS	B	0.01%
ROIV	C	0.01%
COLM	B	0.01%
IONS	F	0.01%
PEGA	A	0.01%
SAM	C	0.01%
VKTX	F	0.01%
PPC	C	0.01%
TNL	A	0.01%
MAN	D	0.01%
CRUS	D	0.01%
PATH	C	0.01%
FOX	A	0.01%
SRPT	D	0.01%
M	D	0.01%
PINC	B	0.01%
GAP	C	0.01%
PLTK	B	0.0%
SEB	F	0.0%
DDS	B	0.0%
LEN	D	0.0%

RECS Underweight 121 Positions Relative to NACP

Symbol	Grade	Weight
ACN	C	-3.58%
IBM	C	-3.08%
VZ	C	-2.26%
TSLA	B	-2.22%
UNH	C	-1.95%
MU	D	-1.75%
V	A	-1.53%
INTC	D	-1.52%
MA	C	-1.4%
MRK	F	-1.03%
KO	D	-0.99%
PEP	F	-0.92%
WMT	A	-0.73%
ABT	B	-0.69%
GE	D	-0.69%
NEE	D	-0.66%
DHR	F	-0.64%
PFE	D	-0.62%
AXP	A	-0.56%
SPGI	C	-0.55%
LOW	D	-0.51%
COP	C	-0.49%
ELV	F	-0.47%
MS	A	-0.47%
HON	B	-0.46%
ETN	A	-0.44%
PLD	D	-0.42%
BSX	B	-0.41%
BA	F	-0.38%
MELI	D	-0.38%
DE	A	-0.36%
MDLZ	F	-0.36%
NKE	D	-0.36%
SO	D	-0.35%
SCHW	B	-0.33%
DUK	C	-0.32%
NOC	D	-0.29%
PNC	B	-0.27%
CVS	D	-0.27%
ITW	B	-0.27%
MCO	B	-0.26%
FCX	D	-0.25%
AON	A	-0.24%
TFC	A	-0.22%
NEM	D	-0.22%
EMR	A	-0.22%
ECL	D	-0.21%
NSC	B	-0.2%
WMB	A	-0.19%
AEP	D	-0.19%
MAR	B	-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%
JCI	C	-0.17%
LNG	B	-0.16%
IPG	D	-0.16%
LHX	C	-0.16%
KMI	A	-0.15%
HES	B	-0.15%
EW	C	-0.15%
F	C	-0.15%
DD	D	-0.14%
PEG	A	-0.14%
A	D	-0.14%
HWM	A	-0.14%
AME	A	-0.13%
VRSK	A	-0.13%
VMC	B	-0.12%
IR	B	-0.12%
MLM	B	-0.12%
ED	D	-0.12%
AVB	B	-0.11%
ROK	B	-0.11%
EBAY	D	-0.11%
RMD	C	-0.11%
XYL	D	-0.11%
HSY	F	-0.1%
DVN	F	-0.1%
WEC	A	-0.1%
IFF	D	-0.09%
APTV	D	-0.08%
PPL	B	-0.08%
FE	C	-0.08%
NDAQ	A	-0.08%
ES	D	-0.08%
NRG	B	-0.07%
LII	A	-0.07%
CMS	C	-0.07%
TSN	B	-0.07%
CLX	B	-0.07%
BAH	F	-0.07%
LH	C	-0.07%
ILMN	D	-0.07%
HBAN	A	-0.07%
RF	A	-0.07%
LUV	C	-0.06%
DOC	D	-0.06%
DGX	A	-0.06%
HUBB	B	-0.06%
TXT	D	-0.06%
SJM	D	-0.05%
NDSN	B	-0.05%
LNT	A	-0.05%
JBHT	C	-0.05%
CPB	D	-0.04%
REG	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%