WOMN vs. VCLN ETF Comparison

Comparison of Impact Shares YWCA Womenas Empowerment ETF (WOMN) to Virtus Duff & Phelps Clean Energy ETF (VCLN)

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

VCLN

Virtus Duff & Phelps Clean Energy ETF

VCLN Description

The investment seeks capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of clean energy companies. The sub-adviser defines clean energy companies as those that derive at least 50% of their value from one or more of the following clean energy businesses: (a) the production of clean energy; (b) the provision of clean energy technology and equipment; or (c) the transmission and distribution of clean energy. It is non-diversified.

Grade (RS Rating)

Last Trade

$17.87

Average Daily Volume

642

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WOMN	VCLN
30 Days	2.87%	-1.81%
60 Days	2.73%	-8.86%
90 Days	5.77%	-5.95%
12 Months	26.34%	7.72%

2 Overlapping Holdings

	Symbol	Grade	Weight in WOMN	Weight in VCLN	Overlap
	ABBV	D	1.55%	1.55%	1.55%
	XYL	D	0.15%	1.75%	0.15%

WOMN Overweight 196 Positions Relative to VCLN

Symbol	Grade	Weight
AAPL	C	5.02%
META	D	4.85%
AMZN	C	4.47%
LLY	F	3.49%
XOM	B	2.53%
MSFT	F	2.49%
UNH	C	2.47%
CRM	B	2.27%
ADBE	C	2.23%
MCD	D	2.04%
V	A	1.94%
CSCO	B	1.92%
ACN	C	1.9%
PG	A	1.82%
JNJ	D	1.82%
MA	C	1.77%
IBM	C	1.64%
INTU	C	1.56%
NOW	A	1.42%
CVX	A	1.31%
MRK	F	1.3%
KO	D	1.25%
BAC	A	1.25%
UBER	D	1.22%
PEP	F	1.17%
SBUX	A	1.03%
WFC	A	0.95%
GE	D	0.88%
AMGN	D	0.82%
VZ	C	0.82%
INTC	D	0.81%
WMT	A	0.73%
NFLX	A	0.72%
UNP	C	0.71%
SPGI	C	0.7%
AXP	A	0.7%
PGR	A	0.67%
COP	C	0.65%
MSI	B	0.63%
MS	A	0.6%
BLK	C	0.6%
ELV	F	0.59%
ETN	A	0.59%
C	A	0.56%
REGN	F	0.55%
VRTX	F	0.54%
WDAY	B	0.51%
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%
BMY	B	0.43%
UPS	C	0.43%
TT	A	0.39%
EQIX	A	0.39%
CL	D	0.39%
WM	A	0.37%
TGT	F	0.36%
HPQ	B	0.36%
MPWR	F	0.36%
TMUS	B	0.36%
YUM	B	0.36%
USB	A	0.35%
PYPL	B	0.34%
MMM	D	0.33%
WELL	A	0.33%
MCO	B	0.33%
LULU	C	0.29%
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%
HUBS	A	0.26%
NEM	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%
KMB	D	0.22%
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%
RSG	A	0.19%
EXC	C	0.19%
GIS	D	0.19%
GWW	B	0.19%
PRU	A	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%
DASH	A	0.17%
OXY	D	0.17%
BBY	D	0.16%
KHC	F	0.16%
HIG	B	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%
EXPE	B	0.15%
WSM	B	0.15%
GPN	B	0.14%
ROK	B	0.14%
OKTA	C	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%
PPG	F	0.13%
IFF	D	0.12%
ETR	B	0.12%
DAL	C	0.12%
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%
PPL	B	0.1%
CMS	C	0.09%
SYF	B	0.09%
BAX	D	0.09%
OMC	C	0.09%
BAH	F	0.09%
INVH	D	0.09%
K	A	0.09%
HBAN	A	0.09%
BMRN	D	0.08%
CNP	B	0.08%
KEY	B	0.08%
DAY	B	0.08%
PFG	D	0.08%
PINS	D	0.08%
NTRS	A	0.08%
ESS	B	0.08%
TRU	D	0.08%
CLX	B	0.08%
SWK	D	0.07%
CAG	D	0.07%
LNT	A	0.07%
OC	A	0.07%
LUV	C	0.07%
DOC	D	0.07%
HST	C	0.06%
IPG	D	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	C	0.05%
ELS	C	0.05%
Z	A	0.04%
CFG	B	0.04%
PNW	B	0.04%
MTCH	D	0.04%
RHI	B	0.03%
AGR	B	0.01%
ZG	A	0.01%

WOMN Underweight 18 Positions Relative to VCLN

Symbol	Grade	Weight
FSLR	F	-7.72%
ENPH	F	-3.94%
CWEN	C	-2.56%
NEE	D	-2.47%
BE	B	-2.28%
DTM	B	-2.1%
GEV	B	-1.75%
SO	D	-1.71%
AGX	B	-1.66%
FLNC	C	-1.63%
AES	F	-1.33%
MP	B	-1.33%
LNG	B	-1.06%
RUN	F	-0.92%
NVT	B	-0.91%
CEG	D	-0.89%
HUBB	B	-0.86%
PLUG	F	-0.52%