EQUL vs. NACP ETF Comparison

Comparison of IQ Engender Equality ETF (EQUL) to Impact Shares NAACP Minority Empowerment ETF (NACP)

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

$26.89

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NACP

Impact Shares NAACP Minority Empowerment ETF

NACP Description

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

Grade (RS Rating)

Last Trade

$41.34

Average Daily Volume

3,508

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

Performance

Period	EQUL	NACP
30 Days	2.22%	4.72%
60 Days	11.02%	11.57%
90 Days	9.16%	3.46%
12 Months	32.55%	35.78%

37 Overlapping Holdings

Symbol	Grade	Weight in EQUL	Weight in NACP	Overlap
ACN	B	1.5%	3.58%	1.5%
AXP	A	1.44%	0.56%	0.56%
BAC	B	1.22%	0.99%	0.99%
BIIB	F	1.01%	0.1%	0.1%
BK	A	1.49%	0.17%	0.17%
BMY	A	1.47%	0.35%	0.35%
BSX	A	1.31%	0.41%	0.41%
C	B	1.26%	0.45%	0.45%
CLX	C	1.46%	0.07%	0.07%
CMI	A	1.48%	0.15%	0.15%
EBAY	A	1.48%	0.11%	0.11%
ECL	C	1.29%	0.21%	0.21%
F	D	1.1%	0.15%	0.15%
GM	D	1.18%	0.18%	0.18%
HLT	A	1.34%	0.17%	0.17%
IFF	D	1.34%	0.09%	0.09%
ILMN	B	1.47%	0.07%	0.07%
IPG	D	1.29%	0.16%	0.16%
JNJ	D	1.34%	1.44%	1.34%
K	B	1.69%	0.07%	0.07%
KO	C	1.38%	0.99%	0.99%
MA	A	1.34%	1.4%	1.34%
MAR	A	1.26%	0.19%	0.19%
MCO	D	1.4%	0.26%	0.26%
MDLZ	D	1.37%	0.36%	0.36%
MET	A	1.44%	0.17%	0.17%
META	A	1.36%	3.63%	1.36%
MRK	F	1.06%	1.03%	1.03%
PEP	F	1.25%	0.92%	0.92%
PYPL	A	1.6%	0.27%	0.27%
SJM	D	1.3%	0.05%	0.05%
SPGI	C	1.43%	0.55%	0.55%
UBER	C	1.32%	2.29%	1.32%
VRSK	D	1.21%	0.13%	0.13%
VZ	C	1.36%	2.26%	1.36%
WBA	F	0.66%	0.03%	0.03%
XYL	C	1.18%	0.11%	0.11%

EQUL Overweight 38 Positions Relative to NACP

Symbol	Grade	Weight
VFC	A	1.71%
Z	C	1.65%
AFRM	C	1.63%
DASH	A	1.55%
GLOB	D	1.5%
BLK	A	1.49%
WEX	C	1.47%
WELL	C	1.47%
ADSK	B	1.46%
MCD	A	1.45%
CRM	B	1.44%
EXPE	B	1.44%
HAS	A	1.42%
GTLB	D	1.4%
HALO	D	1.39%
WTW	C	1.38%
ZTS	C	1.38%
GIS	C	1.37%
HOLX	D	1.35%
NYT	C	1.34%
AWK	D	1.34%
SCI	D	1.31%
PRU	B	1.29%
CNC	F	1.29%
INTU	F	1.29%
ESS	D	1.28%
PARA	F	1.27%
PG	D	1.25%
YUM	C	1.22%
DOW	B	1.2%
WFC	B	1.19%
COTY	F	1.16%
ETSY	F	1.15%
CRL	F	1.14%
LYFT	D	1.13%
HUBS	D	1.11%
BMRN	F	1.02%
PINS	D	0.91%

EQUL Underweight 159 Positions Relative to NACP

Symbol	Grade	Weight
AAPL	C	-5.03%
NVDA	B	-4.9%
MSFT	D	-4.63%
AMZN	C	-4.47%
QCOM	D	-3.18%
IBM	A	-3.08%
GOOGL	B	-2.41%
JPM	C	-2.39%
TSLA	C	-2.22%
GOOG	B	-2.16%
XOM	A	-2.0%
UNH	B	-1.95%
PANW	B	-1.81%
MU	D	-1.75%
V	B	-1.53%
INTC	D	-1.52%
ABBV	C	-1.22%
CVX	B	-1.04%
TMO	D	-0.83%
WMT	A	-0.73%
ABT	C	-0.69%
GE	B	-0.69%
NEE	C	-0.66%
DHR	D	-0.64%
HPQ	B	-0.62%
PFE	D	-0.62%
UNP	F	-0.56%
DELL	C	-0.54%
LOW	C	-0.51%
COP	D	-0.49%
ELV	F	-0.47%
MS	A	-0.47%
HON	C	-0.46%
EA	D	-0.45%
T	B	-0.45%
ETN	B	-0.44%
MDT	C	-0.42%
PLD	D	-0.42%
ADP	A	-0.4%
BA	F	-0.38%
MELI	D	-0.38%
CI	D	-0.37%
DE	C	-0.36%
NKE	D	-0.36%
UPS	D	-0.35%
GILD	A	-0.35%
SO	A	-0.35%
SCHW	D	-0.33%
DUK	C	-0.32%
EQIX	C	-0.29%
TT	A	-0.29%
NOC	B	-0.29%
PNC	C	-0.27%
CVS	D	-0.27%
ITW	C	-0.27%
MMM	C	-0.26%
FDX	F	-0.25%
FCX	B	-0.25%
AON	A	-0.24%
CSX	D	-0.24%
MPC	D	-0.23%
BDX	C	-0.23%
PSX	D	-0.22%
TFC	D	-0.22%
NEM	C	-0.22%
EMR	B	-0.22%
NSC	C	-0.2%
WMB	A	-0.19%
AEP	C	-0.19%
OKE	A	-0.18%
SRE	C	-0.18%
TRV	B	-0.18%
CCI	D	-0.18%
D	A	-0.18%
URI	C	-0.18%
VLO	F	-0.17%
JCI	C	-0.17%
LNG	A	-0.16%
LHX	A	-0.16%
KMI	A	-0.15%
HES	D	-0.15%
EXC	C	-0.15%
EW	F	-0.15%
DD	C	-0.14%
PEG	A	-0.14%
A	B	-0.14%
HWM	A	-0.14%
OTIS	A	-0.13%
KR	C	-0.13%
AME	C	-0.13%
VMC	D	-0.12%
IR	A	-0.12%
MLM	F	-0.12%
XEL	C	-0.12%
ED	C	-0.12%
KHC	F	-0.12%
RCL	B	-0.12%
AVB	C	-0.11%
ROK	D	-0.11%
VST	A	-0.11%
EIX	C	-0.11%
ADM	F	-0.11%
RMD	C	-0.11%
HSY	D	-0.1%
DVN	F	-0.1%
WEC	B	-0.1%
PPG	D	-0.1%
PCG	C	-0.09%
TROW	D	-0.09%
DAL	C	-0.09%
SYF	A	-0.08%
APTV	D	-0.08%
SBAC	C	-0.08%
PPL	C	-0.08%
FE	C	-0.08%
ETR	A	-0.08%
NDAQ	C	-0.08%
DTE	B	-0.08%
ES	D	-0.08%
NRG	A	-0.07%
LII	C	-0.07%
EXPD	D	-0.07%
CMS	A	-0.07%
TSN	D	-0.07%
BAH	C	-0.07%
BAX	D	-0.07%
HBAN	B	-0.07%
RF	B	-0.07%
SWK	C	-0.06%
LUV	B	-0.06%
DOC	C	-0.06%
DGX	D	-0.06%
HUBB	A	-0.06%
TXT	F	-0.06%
AMH	D	-0.05%
NI	A	-0.05%
OC	C	-0.05%
ACM	A	-0.05%
NDSN	C	-0.05%
UAL	A	-0.05%
LNT	B	-0.05%
AES	C	-0.05%
JBHT	D	-0.05%
BG	F	-0.05%
CF	A	-0.05%
CPB	D	-0.04%
REG	C	-0.04%
LECO	D	-0.04%
TFX	C	-0.04%
ALB	D	-0.04%
EMN	C	-0.04%
USFD	C	-0.04%
BWA	C	-0.03%
SCCO	B	-0.03%
PFG	A	-0.03%
MOS	F	-0.03%
HRL	F	-0.03%
CNH	C	-0.03%
TAP	D	-0.03%