WOMN vs. EQUL ETF Comparison

Comparison of Impact Shares YWCA Womenas Empowerment ETF (WOMN) to IQ Engender Equality ETF (EQUL)

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.12

Average Daily Volume

1,909

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

EQUL

IQ Engender Equality ETF

EQUL Description

The EQUL IQ Engender Equality ETF tracks the Solactive Equileap U.S. Gender Equality Index, which is designed to deliver exposure to global companies that promote gender equality and are committed to women’s empowerment through equal compensation and gender balance in leadership and the workforce.

Grade (RS Rating)

Last Trade

$27.12

Average Daily Volume

225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WOMN	EQUL
30 Days	3.83%	-0.45%
60 Days	4.40%	1.12%
90 Days	6.50%	4.86%
12 Months	27.85%	26.72%

53 Overlapping Holdings

Symbol	Grade	Weight in WOMN	Weight in EQUL	Overlap
ACN	B	1.9%	1.32%	1.32%
ADSK	B	0.45%	1.51%	0.45%
ALB	C	0.05%	1.61%	0.05%
AMGN	D	0.82%	1.12%	0.82%
BAC	A	1.25%	1.54%	1.25%
BIIB	F	0.13%	1.02%	0.13%
BLK	C	0.6%	1.49%	0.6%
BMRN	F	0.08%	1.17%	0.08%
BMY	B	0.43%	1.52%	0.43%
C	A	0.56%	1.53%	0.56%
CL	D	0.39%	1.16%	0.39%
CLX	C	0.08%	1.32%	0.08%
CMI	A	0.2%	1.57%	0.2%
CRM	B	2.27%	1.66%	1.66%
DASH	A	0.17%	1.72%	0.17%
DOW	F	0.17%	1.14%	0.17%
ECL	D	0.27%	1.25%	0.27%
ETSY	D	0.06%	1.23%	0.06%
F	C	0.46%	1.3%	0.46%
GIS	D	0.19%	1.12%	0.19%
GM	B	0.49%	1.53%	0.49%
HSY	F	0.13%	1.14%	0.13%
IFF	D	0.12%	1.12%	0.12%
INTU	C	1.56%	1.32%	1.32%
IPG	C	0.06%	1.19%	0.06%
JNJ	D	1.82%	1.2%	1.2%
K	A	0.09%	1.31%	0.09%
KEYS	B	0.25%	1.45%	0.25%
KMB	C	0.22%	1.24%	0.22%
KO	D	1.25%	1.14%	1.14%
MA	B	1.77%	1.35%	1.35%
MCD	D	2.04%	1.28%	1.28%
MCO	A	0.33%	1.28%	0.33%
MDLZ	F	0.47%	1.11%	0.47%
MET	A	0.22%	1.4%	0.22%
META	D	4.85%	1.39%	1.39%
MRK	F	1.3%	1.08%	1.08%
NEM	F	0.26%	1.06%	0.26%
PEP	F	1.17%	1.17%	1.17%
PG	A	1.82%	1.26%	1.26%
PYPL	A	0.34%	1.56%	0.34%
SCI	A	0.11%	1.39%	0.11%
SJM	D	0.06%	1.21%	0.06%
SPGI	C	0.7%	1.25%	0.7%
UBER	D	1.22%	1.27%	1.22%
VRSK	A	0.17%	1.38%	0.17%
VTR	D	0.11%	1.29%	0.11%
VZ	B	0.82%	1.23%	0.82%
WELL	C	0.33%	1.39%	0.33%
WFC	A	0.95%	1.79%	0.95%
XYL	D	0.15%	1.21%	0.15%
YUM	B	0.36%	1.29%	0.36%
Z	B	0.04%	1.63%	0.04%

WOMN Overweight 145 Positions Relative to EQUL

Symbol	Grade	Weight
AAPL	B	5.02%
AMZN	C	4.47%
LLY	F	3.49%
XOM	C	2.53%
MSFT	D	2.49%
UNH	B	2.47%
ADBE	C	2.23%
V	A	1.94%
CSCO	A	1.92%
IBM	C	1.64%
ABBV	D	1.55%
NOW	B	1.42%
CVX	B	1.31%
SBUX	B	1.03%
GE	D	0.88%
INTC	C	0.81%
WMT	B	0.73%
NFLX	B	0.72%
UNP	C	0.71%
AXP	A	0.7%
PGR	A	0.67%
COP	D	0.65%
MSI	C	0.63%
MS	B	0.6%
ELV	F	0.59%
ETN	A	0.59%
REGN	F	0.55%
VRTX	D	0.54%
WDAY	C	0.51%
CI	D	0.5%
ADP	B	0.5%
AMT	D	0.49%
GILD	B	0.46%
TEL	B	0.43%
UPS	C	0.43%
TT	B	0.39%
EQIX	A	0.39%
WM	A	0.37%
TGT	F	0.36%
HPQ	B	0.36%
MPWR	F	0.36%
TMUS	A	0.36%
USB	A	0.35%
MMM	D	0.33%
LULU	C	0.29%
EBAY	C	0.29%
DECK	A	0.28%
EMR	A	0.28%
APD	A	0.27%
PSX	C	0.26%
CARR	C	0.26%
HUBS	B	0.26%
NSC	A	0.25%
ANSS	B	0.25%
FTV	B	0.24%
AIG	B	0.24%
WMB	B	0.24%
COF	B	0.24%
D	C	0.23%
SRE	A	0.23%
AEP	D	0.23%
JCI	C	0.22%
BK	A	0.22%
TYL	A	0.22%
AMP	B	0.21%
ALL	B	0.21%
RSG	A	0.19%
EXC	D	0.19%
GWW	A	0.19%
PRU	A	0.19%
HPE	B	0.19%
PEG	A	0.18%
CTVA	B	0.18%
PCG	B	0.18%
PAYX	B	0.18%
KR	A	0.17%
BKR	C	0.17%
OXY	F	0.17%
BBY	D	0.16%
KHC	D	0.16%
HIG	B	0.16%
ED	D	0.16%
EA	C	0.16%
IR	A	0.16%
CBRE	B	0.16%
EIX	A	0.15%
IRM	C	0.15%
ADM	F	0.15%
DD	D	0.15%
EXPE	B	0.15%
WSM	B	0.15%
GPN	C	0.14%
ROK	B	0.14%
OKTA	C	0.14%
VST	B	0.14%
CAH	B	0.13%
A	D	0.13%
FITB	B	0.13%
WTW	B	0.13%
PPG	D	0.13%
ETR	B	0.12%
DAL	B	0.12%
EL	F	0.11%
STT	A	0.11%
TROW	A	0.11%
CHD	B	0.11%
AWK	D	0.11%
RF	B	0.1%
RJF	A	0.1%
PPL	B	0.1%
CMS	C	0.09%
SYF	A	0.09%
BAX	F	0.09%
OMC	C	0.09%
BAH	F	0.09%
INVH	D	0.09%
HBAN	B	0.09%
CNP	A	0.08%
KEY	A	0.08%
DAY	A	0.08%
PFG	C	0.08%
PINS	F	0.08%
NTRS	A	0.08%
ESS	B	0.08%
TRU	D	0.08%
SWK	D	0.07%
CAG	D	0.07%
LNT	A	0.07%
OC	B	0.07%
LUV	B	0.07%
DOC	C	0.07%
HST	C	0.06%
CE	F	0.06%
NI	A	0.06%
PNR	B	0.06%
TAP	C	0.05%
CPB	D	0.05%
REXR	F	0.05%
ELS	C	0.05%
CFG	B	0.04%
PNW	B	0.04%
MTCH	F	0.04%
RHI	C	0.03%
AGR	B	0.01%
ZG	B	0.01%

WOMN Underweight 22 Positions Relative to EQUL

Symbol	Grade	Weight
LYFT	C	-1.88%
AFRM	B	-1.87%
AA	A	-1.74%
MAR	A	-1.58%
GS	B	-1.57%
JPM	B	-1.51%
HLT	A	-1.5%
GLOB	B	-1.43%
BSX	C	-1.41%
VFC	C	-1.34%
PARA	C	-1.33%
ILMN	C	-1.33%
NBIX	C	-1.32%
NYT	C	-1.25%
CRL	C	-1.21%
WBA	D	-1.19%
WEX	F	-1.18%
HAS	D	-1.16%
CNC	F	-1.01%
COTY	F	-1.0%
HALO	F	-0.95%
OGN	F	-0.92%