WOMN vs. SIZE ETF Comparison

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

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

$38.47

Average Daily Volume

4,016

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

SIZE

iShares MSCI USA Size Factor

SIZE Description

The investment seeks to track the performance of MSCI USA Risk Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses. The fund 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 MSCI USA Risk Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$148.33

Average Daily Volume

4,240

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	WOMN	SIZE
30 Days	1.07%	1.44%
60 Days	7.24%	7.65%
90 Days	6.53%	8.57%
12 Months	32.25%	31.51%

42 Overlapping Holdings

Symbol	Grade	Weight in WOMN	Weight in SIZE	Overlap
A	B	0.13%	0.23%	0.13%
AAPL	C	5.02%	5.52%	5.02%
ACN	B	1.9%	1.61%	1.61%
ADBE	F	2.23%	1.84%	1.84%
ADP	A	0.5%	1.63%	0.5%
AMP	A	0.21%	0.27%	0.21%
APD	C	0.27%	0.32%	0.27%
BBY	B	0.16%	0.31%	0.16%
BLK	A	0.6%	0.9%	0.6%
CBRE	A	0.16%	0.33%	0.16%
COP	D	0.65%	1.68%	0.65%
CSCO	A	1.92%	1.6%	1.6%
DECK	B	0.28%	0.43%	0.28%
EA	D	0.16%	0.18%	0.16%
ED	A	0.16%	0.53%	0.16%
GWW	A	0.19%	0.52%	0.19%
HSY	D	0.13%	0.17%	0.13%
IPG	C	0.06%	0.06%	0.06%
JNJ	D	1.82%	2.28%	1.82%
KEYS	B	0.25%	0.16%	0.16%
KO	C	1.25%	1.66%	1.25%
LLY	D	3.49%	4.26%	3.49%
LULU	D	0.29%	0.55%	0.29%
MA	A	1.77%	3.96%	1.77%
MCO	D	0.33%	0.54%	0.33%
META	A	4.85%	4.17%	4.17%
MMM	C	0.33%	0.54%	0.33%
MPWR	B	0.36%	0.28%	0.28%
MSFT	D	2.49%	4.67%	2.49%
NFLX	A	0.72%	1.55%	0.72%
OMC	C	0.09%	0.11%	0.09%
PAYX	A	0.18%	0.46%	0.18%
PEG	A	0.18%	0.69%	0.18%
PEP	D	1.17%	1.19%	1.17%
PPG	D	0.13%	0.16%	0.13%
ROK	D	0.14%	0.2%	0.14%
SRE	A	0.23%	0.84%	0.23%
TROW	D	0.11%	0.17%	0.11%
UNH	B	2.47%	2.74%	2.47%
V	C	1.94%	3.98%	1.94%
VRTX	D	0.54%	0.62%	0.54%
WSM	B	0.15%	0.34%	0.15%

WOMN Overweight 156 Positions Relative to SIZE

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

WOMN Underweight 81 Positions Relative to SIZE

Symbol	Grade	Weight
NVDA	C	-5.92%
COST	C	-2.55%
TJX	C	-2.0%
GOOGL	B	-1.68%
NKE	D	-1.61%
GOOG	B	-1.46%
CAT	A	-1.41%
AMAT	B	-1.37%
TXN	C	-1.37%
CMG	C	-1.25%
LIN	B	-1.22%
QCOM	D	-1.2%
LMT	A	-1.17%
KLAC	B	-0.96%
SLB	D	-0.89%
DHI	C	-0.84%
LRCX	D	-0.83%
PLD	D	-0.8%
MMC	D	-0.75%
ANET	A	-0.75%
ITW	A	-0.7%
PSA	C	-0.6%
SHW	B	-0.58%
CTAS	B	-0.57%
NVR	A	-0.56%
ZTS	C	-0.56%
CDNS	D	-0.55%
SNPS	F	-0.5%
CME	A	-0.5%
PHM	A	-0.48%
APH	D	-0.47%
TSCO	A	-0.44%
AFL	A	-0.41%
GRMN	D	-0.41%
TPL	B	-0.4%
ATO	A	-0.38%
FAST	B	-0.37%
IDXX	D	-0.36%
ULTA	D	-0.35%
ODFL	D	-0.31%
ACGL	A	-0.29%
CSGP	F	-0.28%
FERG	F	-0.28%
EW	F	-0.24%
AVB	C	-0.24%
VLTO	A	-0.23%
POOL	B	-0.23%
NTAP	D	-0.22%
MANH	C	-0.21%
APA	F	-0.21%
MNST	D	-0.21%
EQT	B	-0.19%
RMD	C	-0.18%
EQR	C	-0.18%
CBOE	A	-0.15%
SMCI	F	-0.15%
VEEV	C	-0.15%
EME	C	-0.14%
WAT	B	-0.13%
EXPD	C	-0.13%
ERIE	A	-0.12%
FDS	C	-0.12%
ROL	B	-0.12%
WST	D	-0.12%
LPLA	D	-0.12%
MOH	D	-0.11%
ENPH	D	-0.11%
WSO	C	-0.11%
GGG	B	-0.1%
PKG	C	-0.09%
JKHY	A	-0.09%
RS	D	-0.08%
UTHR	C	-0.08%
AVY	C	-0.08%
PAYC	D	-0.07%
MKTX	C	-0.07%
AOS	B	-0.07%
SEIC	B	-0.06%
AFG	C	-0.06%
SOLV	C	-0.05%
WBA	F	-0.03%