WOMN vs. PHEQ ETF Comparison

Comparison of Impact Shares YWCA Womenas Empowerment ETF (WOMN) to Parametric Hedged Equity ETF (PHEQ)

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

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	WOMN	PHEQ
30 Days	2.87%	1.99%
60 Days	2.73%	3.02%
90 Days	5.77%	3.86%
12 Months	26.34%	16.61%

71 Overlapping Holdings

Symbol	Grade	Weight in WOMN	Weight in PHEQ	Overlap
AAPL	C	5.02%	6.85%	5.02%
ABBV	D	1.55%	0.85%	0.85%
ADBE	C	2.23%	0.48%	0.48%
AGR	B	0.01%	0.07%	0.01%
AMGN	D	0.82%	0.45%	0.45%
AMZN	C	4.47%	4.1%	4.1%
AXP	A	0.7%	0.57%	0.57%
BAC	A	1.25%	0.98%	0.98%
BAH	F	0.09%	0.12%	0.09%
BMY	B	0.43%	0.48%	0.43%
CAG	D	0.07%	0.17%	0.07%
CE	F	0.06%	0.05%	0.05%
CFG	B	0.04%	0.26%	0.04%
CMS	C	0.09%	0.31%	0.09%
CNP	B	0.08%	0.28%	0.08%
CPB	D	0.05%	0.18%	0.05%
CRM	B	2.27%	0.63%	0.63%
CSCO	B	1.92%	0.79%	0.79%
CVX	A	1.31%	0.84%	0.84%
DAL	C	0.12%	0.39%	0.12%
DASH	A	0.17%	0.13%	0.13%
DOC	D	0.07%	0.29%	0.07%
ESS	B	0.08%	0.19%	0.08%
ETR	B	0.12%	0.4%	0.12%
HBAN	A	0.09%	0.31%	0.09%
HIG	B	0.16%	0.33%	0.16%
HUBS	A	0.26%	0.14%	0.14%
IBM	C	1.64%	0.56%	0.56%
IFF	D	0.12%	0.16%	0.12%
JNJ	D	1.82%	1.04%	1.04%
K	A	0.09%	0.34%	0.09%
KMB	D	0.22%	0.33%	0.22%
KO	D	1.25%	0.77%	0.77%
LLY	F	3.49%	1.39%	1.39%
LNT	A	0.07%	0.33%	0.07%
LULU	C	0.29%	0.21%	0.21%
MA	C	1.77%	1.14%	1.14%
META	D	4.85%	2.66%	2.66%
MMM	D	0.33%	0.44%	0.33%
MRK	F	1.3%	0.69%	0.69%
MS	A	0.6%	0.39%	0.39%
MSFT	F	2.49%	6.55%	2.49%
NEM	D	0.26%	0.23%	0.23%
NFLX	A	0.72%	0.8%	0.72%
NOW	A	1.42%	0.61%	0.61%
OKTA	C	0.14%	0.04%	0.04%
PEP	F	1.17%	0.72%	0.72%
PFG	D	0.08%	0.2%	0.08%
PG	A	1.82%	1.09%	1.09%
PINS	D	0.08%	0.03%	0.03%
PPG	F	0.13%	0.18%	0.13%
PPL	B	0.1%	0.34%	0.1%
PRU	A	0.19%	0.37%	0.19%
PYPL	B	0.34%	0.28%	0.28%
REGN	F	0.55%	0.21%	0.21%
RSG	A	0.19%	0.34%	0.19%
SYF	B	0.09%	0.27%	0.09%
TMUS	B	0.36%	0.51%	0.36%
TRU	D	0.08%	0.09%	0.08%
UBER	D	1.22%	0.29%	0.29%
UNH	C	2.47%	1.37%	1.37%
UNP	C	0.71%	0.52%	0.52%
V	A	1.94%	1.28%	1.28%
VRTX	F	0.54%	0.36%	0.36%
WDAY	B	0.51%	0.13%	0.13%
WFC	A	0.95%	0.67%	0.67%
WM	A	0.37%	0.44%	0.37%
WMT	A	0.73%	0.96%	0.73%
WSM	B	0.15%	0.02%	0.02%
XOM	B	2.53%	1.4%	1.4%
YUM	B	0.36%	0.33%	0.33%

WOMN Overweight 127 Positions Relative to PHEQ

Symbol	Grade	Weight
MCD	D	2.04%
ACN	C	1.9%
INTU	C	1.56%
SBUX	A	1.03%
GE	D	0.88%
VZ	C	0.82%
INTC	D	0.81%
SPGI	C	0.7%
PGR	A	0.67%
COP	C	0.65%
MSI	B	0.63%
BLK	C	0.6%
ELV	F	0.59%
ETN	A	0.59%
C	A	0.56%
CI	F	0.5%
ADP	B	0.5%
GM	B	0.49%
AMT	D	0.49%
MDLZ	F	0.47%
F	C	0.46%
GILD	C	0.46%
ADSK	A	0.45%
TEL	B	0.43%
UPS	C	0.43%
TT	A	0.39%
EQIX	A	0.39%
CL	D	0.39%
TGT	F	0.36%
HPQ	B	0.36%
MPWR	F	0.36%
USB	A	0.35%
WELL	A	0.33%
MCO	B	0.33%
EBAY	D	0.29%
DECK	A	0.28%
EMR	A	0.28%
APD	A	0.27%
ECL	D	0.27%
PSX	C	0.26%
CARR	D	0.26%
NSC	B	0.25%
KEYS	A	0.25%
ANSS	B	0.25%
FTV	C	0.24%
AIG	B	0.24%
WMB	A	0.24%
COF	B	0.24%
D	C	0.23%
SRE	A	0.23%
AEP	D	0.23%
MET	A	0.22%
JCI	C	0.22%
BK	A	0.22%
TYL	B	0.22%
AMP	A	0.21%
ALL	A	0.21%
CMI	A	0.2%
EXC	C	0.19%
GIS	D	0.19%
GWW	B	0.19%
HPE	B	0.19%
PEG	A	0.18%
CTVA	C	0.18%
PCG	A	0.18%
PAYX	C	0.18%
VRSK	A	0.17%
KR	B	0.17%
BKR	B	0.17%
DOW	F	0.17%
OXY	D	0.17%
BBY	D	0.16%
KHC	F	0.16%
ED	D	0.16%
EA	A	0.16%
IR	B	0.16%
CBRE	B	0.16%
EIX	B	0.15%
IRM	D	0.15%
ADM	D	0.15%
DD	D	0.15%
XYL	D	0.15%
EXPE	B	0.15%
GPN	B	0.14%
ROK	B	0.14%
VST	B	0.14%
CAH	B	0.13%
HSY	F	0.13%
A	D	0.13%
FITB	A	0.13%
WTW	B	0.13%
BIIB	F	0.13%
VTR	C	0.11%
SCI	B	0.11%
EL	F	0.11%
STT	A	0.11%
TROW	B	0.11%
CHD	B	0.11%
AWK	D	0.11%
RF	A	0.1%
RJF	A	0.1%
BAX	D	0.09%
OMC	C	0.09%
INVH	D	0.09%
BMRN	D	0.08%
KEY	B	0.08%
DAY	B	0.08%
NTRS	A	0.08%
CLX	B	0.08%
SWK	D	0.07%
OC	A	0.07%
LUV	C	0.07%
HST	C	0.06%
IPG	D	0.06%
SJM	D	0.06%
NI	A	0.06%
ETSY	D	0.06%
PNR	A	0.06%
TAP	C	0.05%
REXR	F	0.05%
ALB	C	0.05%
ELS	C	0.05%
Z	A	0.04%
PNW	B	0.04%
MTCH	D	0.04%
RHI	B	0.03%
ZG	A	0.01%

WOMN Underweight 132 Positions Relative to PHEQ

Symbol	Grade	Weight
NVDA	C	-7.12%
GOOGL	C	-2.28%
TSLA	B	-1.91%
GOOG	C	-1.9%
JPM	A	-1.73%
AVGO	D	-1.71%
BRK.A	B	-1.42%
HD	A	-1.15%
COST	B	-1.07%
ORCL	B	-0.73%
T	A	-0.68%
LIN	D	-0.67%
ABT	B	-0.6%
TMO	F	-0.59%
TXN	C	-0.59%
LMT	D	-0.58%
ISRG	A	-0.58%
DIS	B	-0.57%
LOW	D	-0.57%
CAT	B	-0.55%
AMD	F	-0.51%
MDT	D	-0.51%
TRGP	B	-0.46%
KKR	A	-0.46%
DE	A	-0.44%
CTAS	B	-0.42%
TRV	B	-0.39%
BKNG	A	-0.39%
PLTR	B	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
SCHW	B	-0.35%
KLAC	D	-0.34%
DOV	A	-0.33%
QCOM	F	-0.33%
OTIS	C	-0.33%
EQR	B	-0.32%
EXR	D	-0.32%
BA	F	-0.32%
ROST	C	-0.32%
MU	D	-0.31%
LH	C	-0.31%
BRO	B	-0.31%
DTE	C	-0.31%
PANW	C	-0.3%
DRI	B	-0.3%
AEE	A	-0.3%
COR	B	-0.3%
PHM	D	-0.3%
APO	B	-0.3%
LRCX	F	-0.29%
AME	A	-0.28%
MAA	B	-0.27%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
FANG	D	-0.24%
MKL	A	-0.23%
ULTA	F	-0.23%
EXPD	D	-0.23%
LNG	B	-0.22%
LYB	F	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
ARE	D	-0.21%
AMCR	D	-0.21%
MSTR	C	-0.2%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
WBD	C	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
DVN	F	-0.17%
AKAM	D	-0.16%
HAL	C	-0.16%
ABNB	C	-0.15%
MOH	F	-0.14%
APTV	D	-0.14%
NDSN	B	-0.14%
HEI	B	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
DELL	C	-0.14%
MGM	D	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
STLD	B	-0.11%
IBKR	A	-0.11%
VRT	B	-0.1%
VEEV	C	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
BLDR	D	-0.08%
ZS	C	-0.08%
NET	B	-0.07%
SCCO	F	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	C	-0.06%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
WLK	D	-0.04%
BSY	D	-0.04%
RPRX	D	-0.04%
CPNG	D	-0.03%
SIRI	C	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WMG	C	-0.02%
MRNA	F	-0.01%