SPUS vs. NACP ETF Comparison

Comparison of SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) to Impact Shares NAACP Minority Empowerment ETF (NACP)

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.78

Average Daily Volume

191,869

Number of Holdings ^*

225

* 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

$42.59

Average Daily Volume

3,458

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	SPUS	NACP
30 Days	2.04%	1.45%
60 Days	5.49%	5.94%
90 Days	5.87%	7.51%
12 Months	32.30%	34.01%

80 Overlapping Holdings

Symbol	Grade	Weight in SPUS	Weight in NACP	Overlap
A	F	0.12%	0.14%	0.12%
AAPL	C	10.66%	5.03%	5.03%
ABBV	F	0.94%	1.22%	0.94%
ABT	C	0.63%	0.69%	0.63%
ACN	B	0.71%	3.58%	0.71%
ADM	F	0.08%	0.11%	0.08%
ALB	C	0.04%	0.04%	0.04%
AME	A	0.14%	0.13%	0.13%
AMZN	A	6.1%	4.47%	4.47%
APTV	F	0.05%	0.08%	0.05%
AVB	B	0.1%	0.11%	0.1%
BDX	F	0.21%	0.23%	0.21%
BIIB	F	0.08%	0.1%	0.08%
BSX	A	0.41%	0.41%	0.41%
CF	B	0.05%	0.05%	0.05%
CLX	A	0.06%	0.07%	0.06%
CMI	A	0.15%	0.15%	0.15%
COP	C	0.4%	0.49%	0.4%
CSX	B	0.22%	0.24%	0.22%
DD	D	0.11%	0.14%	0.11%
DGX	B	0.06%	0.06%	0.06%
DHR	F	0.48%	0.64%	0.48%
DVN	F	0.08%	0.1%	0.08%
EBAY	C	0.09%	0.11%	0.09%
ECL	C	0.19%	0.21%	0.19%
EMR	A	0.23%	0.22%	0.22%
EQIX	B	0.27%	0.29%	0.27%
ETN	B	0.46%	0.44%	0.44%
EW	F	0.12%	0.15%	0.12%
EXPD	C	0.05%	0.07%	0.05%
FCX	F	0.2%	0.25%	0.2%
GILD	B	0.37%	0.35%	0.35%
GOOG	C	2.75%	2.16%	2.16%
GOOGL	C	3.33%	2.41%	2.41%
HES	B	0.12%	0.15%	0.12%
HON	B	0.47%	0.46%	0.46%
HPQ	B	0.11%	0.62%	0.11%
HSY	F	0.08%	0.1%	0.08%
HUBB	C	0.07%	0.06%	0.06%
IR	A	0.13%	0.12%	0.12%
ITW	B	0.23%	0.27%	0.23%
JBHT	C	0.05%	0.05%	0.05%
JCI	A	0.18%	0.17%	0.17%
JNJ	D	1.15%	1.44%	1.15%
K	A	0.07%	0.07%	0.07%
LH	B	0.06%	0.07%	0.06%
LOW	B	0.48%	0.51%	0.48%
MDLZ	F	0.28%	0.36%	0.28%
MDT	D	0.35%	0.42%	0.35%
META	B	3.99%	3.63%	3.63%
MLM	B	0.12%	0.12%	0.12%
MMM	C	0.22%	0.26%	0.22%
MOS	D	0.03%	0.03%	0.03%
MRK	F	0.78%	1.03%	0.78%
MSFT	C	9.83%	4.63%	4.63%
MU	D	0.36%	1.75%	0.36%
NDSN	B	0.04%	0.05%	0.04%
NEM	F	0.15%	0.22%	0.15%
NKE	F	0.29%	0.36%	0.29%
NSC	B	0.19%	0.2%	0.19%
NVDA	A	11.41%	4.9%	4.9%
OTIS	D	0.12%	0.13%	0.12%
PANW	B	0.4%	1.81%	0.4%
PEP	D	0.71%	0.92%	0.71%
PLD	D	0.33%	0.42%	0.33%
PPG	F	0.09%	0.1%	0.09%
QCOM	F	0.57%	3.18%	0.57%
RMD	C	0.11%	0.11%	0.11%
ROK	B	0.1%	0.11%	0.1%
TFX	F	0.03%	0.04%	0.03%
TMO	F	0.64%	0.83%	0.64%
TSLA	B	2.85%	2.22%	2.22%
TT	B	0.29%	0.29%	0.29%
UBER	F	0.47%	2.29%	0.47%
UNP	D	0.45%	0.56%	0.45%
UPS	C	0.3%	0.35%	0.3%
VLO	C	0.14%	0.17%	0.14%
VMC	B	0.12%	0.12%	0.12%
XOM	B	1.67%	2.0%	1.67%
XYL	F	0.09%	0.11%	0.09%

SPUS Overweight 145 Positions Relative to NACP

Symbol	Grade	Weight
AVGO	C	2.56%
LLY	F	2.02%
HD	B	1.25%
PG	C	1.23%
CRM	B	1.03%
CSCO	A	0.74%
ADBE	C	0.73%
AMD	F	0.73%
LIN	D	0.68%
NOW	A	0.67%
TXN	B	0.61%
ISRG	A	0.59%
BKNG	A	0.52%
AMAT	F	0.48%
TJX	A	0.42%
SYK	A	0.41%
ADI	D	0.34%
ANET	C	0.32%
LRCX	F	0.31%
SHW	A	0.28%
KLAC	F	0.28%
PH	A	0.28%
REGN	F	0.27%
APH	B	0.27%
WM	A	0.26%
MSI	B	0.26%
SNPS	C	0.26%
MCK	B	0.25%
CDNS	B	0.25%
EOG	A	0.24%
CTAS	B	0.24%
CL	F	0.23%
CEG	D	0.22%
TGT	C	0.22%
ADSK	B	0.21%
ORLY	A	0.21%
APD	B	0.21%
FTNT	B	0.2%
SLB	C	0.2%
ROP	A	0.19%
NXPI	F	0.18%
CPRT	A	0.16%
FICO	B	0.16%
GWW	B	0.16%
ROST	D	0.15%
DHI	D	0.15%
PWR	B	0.15%
FAST	B	0.15%
AZO	B	0.15%
BKR	B	0.14%
KMB	D	0.14%
KVUE	A	0.14%
CTSH	A	0.13%
IT	B	0.13%
ODFL	B	0.13%
COR	B	0.13%
RSG	B	0.13%
GLW	B	0.12%
GEHC	D	0.12%
MNST	B	0.12%
CTVA	C	0.12%
IDXX	F	0.11%
WAB	B	0.11%
KDP	C	0.11%
GIS	F	0.11%
NUE	D	0.11%
LULU	B	0.11%
MCHP	F	0.11%
GRMN	A	0.1%
EFX	F	0.1%
DOV	A	0.09%
KEYS	C	0.09%
ANSS	B	0.09%
TSCO	D	0.09%
DXCM	C	0.09%
ON	F	0.09%
CAH	B	0.09%
MPWR	F	0.09%
NTAP	D	0.08%
EQR	C	0.08%
CDW	F	0.08%
VLTO	D	0.08%
TYL	B	0.08%
FTV	C	0.08%
PHM	D	0.08%
CHD	A	0.08%
HAL	C	0.08%
DECK	B	0.08%
PKG	B	0.07%
STE	D	0.07%
ZBH	C	0.07%
WY	F	0.07%
EXPE	B	0.07%
WAT	B	0.07%
PTC	B	0.07%
WST	B	0.07%
MTD	F	0.07%
TRMB	B	0.06%
MOH	F	0.06%
MAA	C	0.06%
HOLX	D	0.06%
J	D	0.06%
CTRA	B	0.06%
PODD	B	0.06%
MKC	D	0.06%
FSLR	F	0.06%
ZBRA	B	0.06%
STLD	C	0.06%
BLDR	C	0.06%
JBL	C	0.05%
VRSN	C	0.05%
ALGN	D	0.05%
AVY	F	0.05%
GPC	D	0.05%
IEX	B	0.05%
PNR	A	0.05%
MAS	D	0.05%
ULTA	C	0.05%
TER	F	0.05%
BBY	C	0.05%
LW	B	0.04%
GNRC	B	0.04%
TECH	D	0.04%
ALLE	D	0.04%
CHRW	A	0.04%
INCY	B	0.04%
CPT	C	0.04%
JNPR	D	0.04%
EPAM	B	0.04%
POOL	D	0.04%
FFIV	B	0.04%
AKAM	F	0.04%
SWKS	F	0.04%
ROL	C	0.04%
EL	F	0.04%
RL	B	0.03%
HSIC	F	0.03%
AOS	F	0.03%
LKQ	C	0.03%
CRL	C	0.03%
PAYC	B	0.03%
SMCI	F	0.03%
MHK	D	0.02%
ENPH	F	0.02%
QRVO	F	0.02%

SPUS Underweight 117 Positions Relative to NACP

Symbol	Grade	Weight
IBM	D	-3.08%
JPM	A	-2.39%
VZ	D	-2.26%
UNH	B	-1.95%
V	A	-1.53%
INTC	C	-1.52%
MA	B	-1.4%
CVX	A	-1.04%
KO	F	-0.99%
BAC	A	-0.99%
WMT	A	-0.73%
GE	D	-0.69%
NEE	D	-0.66%
PFE	F	-0.62%
AXP	B	-0.56%
SPGI	C	-0.55%
DELL	C	-0.54%
ELV	F	-0.47%
MS	A	-0.47%
C	B	-0.45%
EA	A	-0.45%
T	A	-0.45%
ADP	A	-0.4%
BA	F	-0.38%
MELI	D	-0.38%
CI	D	-0.37%
DE	D	-0.36%
BMY	B	-0.35%
SO	D	-0.35%
SCHW	B	-0.33%
DUK	D	-0.32%
NOC	D	-0.29%
PNC	B	-0.27%
CVS	F	-0.27%
PYPL	A	-0.27%
MCO	C	-0.26%
FDX	B	-0.25%
AON	B	-0.24%
MPC	D	-0.23%
PSX	C	-0.22%
TFC	B	-0.22%
WMB	B	-0.19%
AEP	D	-0.19%
MAR	A	-0.19%
OKE	A	-0.18%
SRE	B	-0.18%
TRV	B	-0.18%
CCI	F	-0.18%
D	D	-0.18%
GM	B	-0.18%
URI	B	-0.18%
MET	C	-0.17%
BK	B	-0.17%
HLT	A	-0.17%
LNG	B	-0.16%
IPG	F	-0.16%
LHX	B	-0.16%
KMI	B	-0.15%
EXC	C	-0.15%
F	C	-0.15%
PEG	C	-0.14%
HWM	B	-0.14%
KR	A	-0.13%
VRSK	A	-0.13%
XEL	A	-0.12%
ED	D	-0.12%
KHC	F	-0.12%
RCL	A	-0.12%
VST	B	-0.11%
EIX	C	-0.11%
WEC	B	-0.1%
PCG	A	-0.09%
TROW	A	-0.09%
IFF	F	-0.09%
DAL	A	-0.09%
SYF	B	-0.08%
SBAC	D	-0.08%
PPL	A	-0.08%
FE	D	-0.08%
ETR	B	-0.08%
NDAQ	B	-0.08%
DTE	D	-0.08%
ES	D	-0.08%
NRG	C	-0.07%
LII	B	-0.07%
CMS	D	-0.07%
TSN	B	-0.07%
BAH	C	-0.07%
BAX	F	-0.07%
ILMN	C	-0.07%
HBAN	A	-0.07%
RF	A	-0.07%
SWK	F	-0.06%
LUV	B	-0.06%
DOC	C	-0.06%
TXT	D	-0.06%
SJM	F	-0.05%
AMH	C	-0.05%
NI	A	-0.05%
OC	A	-0.05%
ACM	B	-0.05%
UAL	A	-0.05%
LNT	C	-0.05%
AES	F	-0.05%
BG	D	-0.05%
CPB	F	-0.04%
REG	A	-0.04%
LECO	C	-0.04%
EMN	D	-0.04%
USFD	B	-0.04%
WBA	D	-0.03%
BWA	B	-0.03%
SCCO	F	-0.03%
PFG	C	-0.03%
HRL	F	-0.03%
CNH	D	-0.03%
TAP	B	-0.03%