WOMN vs. QUAL ETF Comparison

Comparison of Impact Shares YWCA Womenas Empowerment ETF (WOMN) to iShares MSCI USA Quality Factor ETF (QUAL)

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

$39.73

Average Daily Volume

1,919

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.63

Average Daily Volume

890,900

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	WOMN	QUAL
30 Days	1.29%	0.39%
60 Days	2.73%	2.37%
90 Days	5.26%	2.96%
12 Months	25.73%	30.38%

42 Overlapping Holdings

Symbol	Grade	Weight in WOMN	Weight in QUAL	Overlap
A	D	0.13%	0.2%	0.13%
AAPL	C	5.02%	5.44%	5.02%
ACN	B	1.9%	1.67%	1.67%
ADBE	C	2.23%	1.76%	1.76%
ADP	A	0.5%	1.75%	0.5%
AMP	A	0.21%	0.33%	0.21%
APD	A	0.27%	0.35%	0.27%
BBY	D	0.16%	0.29%	0.16%
BLK	B	0.6%	0.99%	0.6%
CBRE	B	0.16%	0.35%	0.16%
COP	C	0.65%	1.73%	0.65%
CSCO	B	1.92%	1.74%	1.74%
DECK	A	0.28%	0.49%	0.28%
EA	A	0.16%	0.2%	0.16%
ED	C	0.16%	0.5%	0.16%
GWW	B	0.19%	0.59%	0.19%
HSY	F	0.13%	0.15%	0.13%
IPG	D	0.06%	0.05%	0.05%
JNJ	C	1.82%	2.15%	1.82%
KEYS	A	0.25%	0.15%	0.15%
KO	D	1.25%	1.43%	1.25%
LLY	F	3.49%	3.42%	3.42%
LULU	C	0.29%	0.66%	0.29%
MA	B	1.77%	4.22%	1.77%
MCO	B	0.33%	0.53%	0.33%
META	D	4.85%	4.09%	4.09%
MMM	D	0.33%	0.5%	0.33%
MPWR	F	0.36%	0.18%	0.18%
MSFT	D	2.49%	4.5%	2.49%
NFLX	A	0.72%	1.76%	0.72%
OMC	C	0.09%	0.1%	0.09%
PAYX	B	0.18%	0.49%	0.18%
PEG	A	0.18%	0.69%	0.18%
PEP	F	1.17%	1.1%	1.1%
PPG	F	0.13%	0.15%	0.13%
ROK	C	0.14%	0.22%	0.14%
SRE	A	0.23%	0.93%	0.23%
TROW	B	0.11%	0.19%	0.11%
UNH	B	2.47%	2.81%	2.47%
V	A	1.94%	4.5%	1.94%
VRTX	D	0.54%	0.62%	0.54%
WSM	C	0.15%	0.29%	0.15%

WOMN Overweight 156 Positions Relative to QUAL

Symbol	Grade	Weight
AMZN	C	4.47%
XOM	B	2.53%
CRM	B	2.27%
MCD	D	2.04%
PG	C	1.82%
IBM	C	1.64%
INTU	B	1.56%
ABBV	F	1.55%
NOW	A	1.42%
CVX	A	1.31%
MRK	D	1.3%
BAC	A	1.25%
UBER	F	1.22%
SBUX	A	1.03%
WFC	A	0.95%
GE	D	0.88%
AMGN	F	0.82%
VZ	C	0.82%
INTC	C	0.81%
WMT	A	0.73%
UNP	C	0.71%
SPGI	C	0.7%
AXP	A	0.7%
PGR	A	0.67%
MSI	B	0.63%
MS	A	0.6%
ELV	F	0.59%
ETN	A	0.59%
C	A	0.56%
REGN	F	0.55%
WDAY	B	0.51%
CI	D	0.5%
GM	C	0.49%
AMT	C	0.49%
MDLZ	F	0.47%
F	C	0.46%
GILD	C	0.46%
ADSK	A	0.45%
TEL	B	0.43%
BMY	B	0.43%
UPS	C	0.43%
TT	A	0.39%
EQIX	A	0.39%
CL	D	0.39%
WM	B	0.37%
TGT	F	0.36%
HPQ	B	0.36%
TMUS	B	0.36%
YUM	D	0.36%
USB	A	0.35%
PYPL	B	0.34%
WELL	A	0.33%
EBAY	D	0.29%
EMR	B	0.28%
ECL	D	0.27%
PSX	C	0.26%
CARR	C	0.26%
HUBS	A	0.26%
NEM	D	0.26%
NSC	B	0.25%
ANSS	B	0.25%
FTV	C	0.24%
AIG	B	0.24%
WMB	A	0.24%
COF	C	0.24%
D	C	0.23%
AEP	C	0.23%
KMB	C	0.22%
MET	A	0.22%
JCI	B	0.22%
BK	A	0.22%
TYL	B	0.22%
ALL	A	0.21%
CMI	A	0.2%
RSG	A	0.19%
EXC	C	0.19%
GIS	D	0.19%
PRU	A	0.19%
HPE	B	0.19%
CTVA	C	0.18%
PCG	A	0.18%
VRSK	A	0.17%
KR	B	0.17%
BKR	A	0.17%
DOW	F	0.17%
DASH	B	0.17%
OXY	D	0.17%
KHC	F	0.16%
HIG	B	0.16%
IR	B	0.16%
EIX	B	0.15%
IRM	C	0.15%
ADM	D	0.15%
DD	C	0.15%
XYL	D	0.15%
EXPE	B	0.15%
GPN	B	0.14%
OKTA	C	0.14%
VST	A	0.14%
CAH	B	0.13%
FITB	B	0.13%
WTW	B	0.13%
BIIB	F	0.13%
IFF	D	0.12%
ETR	B	0.12%
DAL	B	0.12%
VTR	B	0.11%
SCI	B	0.11%
EL	F	0.11%
STT	B	0.11%
CHD	A	0.11%
AWK	C	0.11%
RF	A	0.1%
RJF	A	0.1%
PPL	A	0.1%
CMS	C	0.09%
SYF	B	0.09%
BAX	F	0.09%
BAH	F	0.09%
INVH	D	0.09%
K	A	0.09%
HBAN	A	0.09%
BMRN	F	0.08%
CNP	A	0.08%
KEY	B	0.08%
DAY	B	0.08%
PFG	D	0.08%
PINS	F	0.08%
NTRS	A	0.08%
ESS	B	0.08%
TRU	D	0.08%
CLX	A	0.08%
SWK	D	0.07%
CAG	F	0.07%
LNT	A	0.07%
OC	A	0.07%
LUV	C	0.07%
DOC	C	0.07%
HST	C	0.06%
SJM	D	0.06%
CE	F	0.06%
NI	A	0.06%
ETSY	D	0.06%
PNR	A	0.06%
TAP	C	0.05%
CPB	D	0.05%
REXR	F	0.05%
ALB	B	0.05%
ELS	C	0.05%
Z	A	0.04%
CFG	B	0.04%
PNW	A	0.04%
MTCH	D	0.04%
RHI	C	0.03%
AGR	A	0.01%
ZG	A	0.01%

WOMN Underweight 81 Positions Relative to QUAL

Symbol	Grade	Weight
NVDA	B	-6.93%
COST	A	-2.55%
TJX	A	-2.03%
GOOGL	C	-1.77%
GOOG	C	-1.55%
NKE	F	-1.41%
CAT	B	-1.4%
TXN	C	-1.34%
CMG	B	-1.26%
AMAT	F	-1.17%
QCOM	F	-1.15%
LIN	C	-1.14%
LMT	D	-1.08%
SLB	C	-0.89%
KLAC	F	-0.77%
MMC	B	-0.74%
ANET	C	-0.73%
ITW	B	-0.73%
LRCX	F	-0.73%
PLD	F	-0.71%
DHI	F	-0.7%
CTAS	B	-0.6%
CDNS	B	-0.58%
TPL	A	-0.58%
SHW	B	-0.57%
PSA	C	-0.55%
CME	B	-0.52%
NVR	D	-0.52%
SNPS	B	-0.51%
ZTS	D	-0.51%
APH	A	-0.5%
GRMN	B	-0.48%
TSCO	D	-0.43%
PHM	D	-0.43%
AFL	B	-0.42%
FAST	B	-0.42%
ATO	A	-0.4%
ODFL	C	-0.34%
ULTA	F	-0.31%
IDXX	F	-0.3%
FERG	B	-0.28%
ACGL	C	-0.26%
CSGP	D	-0.26%
AVB	B	-0.24%
EW	C	-0.24%
POOL	C	-0.22%
EQT	B	-0.22%
VLTO	C	-0.21%
MNST	C	-0.21%
NTAP	C	-0.21%
MANH	D	-0.2%
APA	D	-0.19%
EQR	C	-0.18%
EME	A	-0.17%
RMD	C	-0.17%
LPLA	A	-0.17%
VEEV	C	-0.16%
CBOE	C	-0.14%
WAT	C	-0.13%
ROL	B	-0.12%
WSO	A	-0.12%
WST	C	-0.12%
FDS	B	-0.12%
EXPD	C	-0.12%
GGG	B	-0.11%
PKG	A	-0.1%
ERIE	D	-0.09%
RS	B	-0.09%
MOH	F	-0.09%
JKHY	D	-0.09%
AVY	F	-0.08%
PAYC	B	-0.08%
UTHR	C	-0.08%
SEIC	B	-0.07%
MKTX	D	-0.07%
ENPH	F	-0.06%
SMCI	F	-0.06%
AOS	F	-0.06%
AFG	A	-0.06%
SOLV	D	-0.05%
WBA	F	-0.03%