GLOF vs. NACP ETF Comparison

Comparison of iShares Global Equity Factor ETF (GLOF) to Impact Shares NAACP Minority Empowerment ETF (NACP)

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.80

Average Daily Volume

3,952

Number of Holdings ^*

187

* 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

$41.24

Average Daily Volume

2,133

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

Performance

Period	GLOF	NACP
30 Days	2.70%	3.64%
60 Days	5.75%	5.52%
90 Days	5.69%	4.72%
12 Months	33.46%	34.73%

75 Overlapping Holdings

Symbol	Grade	Weight in GLOF	Weight in NACP	Overlap
A	C	0.1%	0.14%	0.1%
AAPL	C	4.27%	5.03%	4.27%
ABBV	B	0.72%	1.22%	0.72%
ABT	C	0.24%	0.69%	0.24%
ACN	C	0.28%	3.58%	0.28%
AMZN	C	2.07%	4.47%	2.07%
AXP	B	0.2%	0.56%	0.2%
BAC	D	0.18%	0.99%	0.18%
BIIB	F	0.03%	0.1%	0.03%
BK	B	0.1%	0.17%	0.1%
BMY	C	0.31%	0.35%	0.31%
CF	B	0.07%	0.05%	0.05%
COP	F	0.13%	0.49%	0.13%
CSX	C	0.02%	0.24%	0.02%
CVS	D	0.11%	0.27%	0.11%
CVX	F	0.06%	1.04%	0.06%
DE	A	0.08%	0.36%	0.08%
DELL	C	0.3%	0.54%	0.3%
DHR	B	0.02%	0.64%	0.02%
DTE	A	0.09%	0.08%	0.08%
EA	D	0.04%	0.45%	0.04%
EBAY	B	0.33%	0.11%	0.11%
ELV	D	0.4%	0.47%	0.4%
EMR	D	0.15%	0.22%	0.15%
ETN	C	0.16%	0.44%	0.16%
GILD	B	0.26%	0.35%	0.26%
GM	C	0.07%	0.18%	0.07%
GOOG	D	2.38%	2.16%	2.16%
HPQ	C	0.27%	0.62%	0.27%
HSY	D	0.15%	0.1%	0.1%
IBM	B	0.09%	3.08%	0.09%
JNJ	C	0.64%	1.44%	0.64%
JPM	D	0.82%	2.39%	0.82%
KO	B	0.23%	0.99%	0.23%
KR	B	0.4%	0.13%	0.13%
LII	C	0.42%	0.07%	0.07%
LOW	B	0.67%	0.51%	0.51%
MA	B	0.49%	1.4%	0.49%
MCO	C	0.03%	0.26%	0.03%
MDLZ	C	0.06%	0.36%	0.06%
MDT	B	0.01%	0.42%	0.01%
MELI	C	0.32%	0.38%	0.32%
META	B	1.36%	3.63%	1.36%
MOS	F	0.02%	0.03%	0.02%
MPC	F	0.21%	0.23%	0.21%
MRK	F	0.5%	1.03%	0.5%
MSFT	C	4.18%	4.63%	4.18%
NDAQ	C	0.06%	0.08%	0.06%
NI	B	0.03%	0.05%	0.03%
NKE	D	0.09%	0.36%	0.09%
NVDA	C	3.7%	4.9%	3.7%
PANW	D	0.3%	1.81%	0.3%
PEP	D	0.66%	0.92%	0.66%
PFE	D	0.24%	0.62%	0.24%
PFG	B	0.11%	0.03%	0.03%
PLD	C	0.01%	0.42%	0.01%
QCOM	D	0.36%	3.18%	0.36%
REG	C	0.03%	0.04%	0.03%
SPGI	C	0.21%	0.55%	0.21%
SYF	C	0.44%	0.08%	0.08%
T	B	0.33%	0.45%	0.33%
TMO	B	0.4%	0.83%	0.4%
TRV	C	0.15%	0.18%	0.15%
TSLA	C	0.28%	2.22%	0.28%
TT	B	0.41%	0.29%	0.29%
UBER	C	0.1%	2.29%	0.1%
UNH	C	0.73%	1.95%	0.73%
UNP	D	0.11%	0.56%	0.11%
URI	B	0.11%	0.18%	0.11%
V	C	0.67%	1.53%	0.67%
VLO	F	0.13%	0.17%	0.13%
VST	B	0.3%	0.11%	0.11%
VZ	A	0.11%	2.26%	0.11%
WMT	B	0.61%	0.73%	0.61%
XOM	D	0.36%	2.0%	0.36%

GLOF Overweight 112 Positions Relative to NACP

Symbol	Grade	Weight
AVGO	C	1.26%
LLY	D	0.88%
PG	C	0.73%
HD	B	0.69%
BKNG	B	0.65%
MCD	B	0.55%
FTNT	B	0.55%
FICO	B	0.52%
BLDR	C	0.52%
COST	C	0.5%
INTU	D	0.5%
MCK	F	0.48%
CDNS	D	0.47%
MTD	C	0.46%
MSI	B	0.46%
BBY	A	0.45%
CTAS	C	0.45%
AMP	B	0.42%
AZO	B	0.41%
AMAT	D	0.38%
KLAC	D	0.37%
TEAM	D	0.37%
TXN	B	0.36%
FERG	D	0.36%
ORCL	B	0.35%
IT	C	0.33%
TGT	C	0.31%
ORLY	B	0.31%
MSCI	C	0.3%
NOW	C	0.29%
HPE	C	0.28%
COF	B	0.28%
DOCU	C	0.28%
HOLX	D	0.26%
STLD	C	0.26%
PHM	B	0.25%
PM	C	0.25%
ANET	C	0.24%
AMGN	D	0.24%
ABNB	D	0.24%
MOH	D	0.24%
LRCX	D	0.23%
ALLY	F	0.23%
CRWD	D	0.23%
PSA	C	0.22%
GWW	B	0.22%
CSCO	B	0.22%
YUM	B	0.22%
LYB	D	0.21%
NUE	D	0.21%
SNPS	F	0.21%
NVR	B	0.21%
ADBE	F	0.2%
FNF	B	0.2%
DVA	B	0.2%
MAS	B	0.19%
SBUX	C	0.19%
LIN	B	0.19%
VLTO	B	0.18%
BRK.A	C	0.18%
AFL	A	0.17%
STT	B	0.17%
HUM	F	0.16%
DFS	C	0.15%
GEHC	B	0.15%
VRTX	D	0.15%
MRO	D	0.14%
WFC	D	0.13%
CDW	D	0.13%
HUBS	D	0.13%
NTAP	D	0.12%
SIRI	C	0.12%
BLK	B	0.11%
ZS	F	0.11%
GS	B	0.11%
DOW	C	0.1%
EG	B	0.1%
FOXA	B	0.09%
SPG	B	0.08%
IDXX	D	0.08%
NWS	D	0.07%
ULTA	D	0.07%
LINE	F	0.06%
CRH	B	0.06%
TJX	C	0.06%
LULU	D	0.06%
FWONA	C	0.05%
CAT	B	0.05%
QRVO	F	0.05%
PH	B	0.05%
PAYX	C	0.05%
CPNG	B	0.05%
MRNA	F	0.05%
MTCH	C	0.04%
FRT	C	0.04%
TSCO	B	0.04%
DOX	C	0.04%
CHTR	D	0.04%
WIT	C	0.02%
SPOT	C	0.02%
OMC	B	0.02%
STX	B	0.02%
GL	D	0.02%
VICI	C	0.02%
WY	C	0.02%
VRSN	C	0.02%
OKTA	F	0.01%
PCAR	D	0.01%
VEEV	C	0.01%
CEG	C	0.01%
SAR	C	0.0%
EGP	C	0.0%

GLOF Underweight 121 Positions Relative to NACP

Symbol	Grade	Weight
GOOGL	D	-2.41%
MU	D	-1.75%
INTC	D	-1.52%
GE	C	-0.69%
NEE	B	-0.66%
MS	B	-0.47%
HON	C	-0.46%
C	C	-0.45%
BSX	B	-0.41%
ADP	C	-0.4%
BA	F	-0.38%
CI	C	-0.37%
UPS	D	-0.35%
SO	B	-0.35%
SCHW	D	-0.33%
DUK	B	-0.32%
EQIX	B	-0.29%
NOC	B	-0.29%
PNC	C	-0.27%
PYPL	B	-0.27%
ITW	B	-0.27%
MMM	B	-0.26%
FDX	D	-0.25%
FCX	C	-0.25%
AON	B	-0.24%
BDX	D	-0.23%
PSX	F	-0.22%
TFC	D	-0.22%
NEM	C	-0.22%
ECL	B	-0.21%
NSC	C	-0.2%
WMB	C	-0.19%
AEP	C	-0.19%
MAR	B	-0.19%
OKE	C	-0.18%
SRE	B	-0.18%
CCI	C	-0.18%
D	C	-0.18%
MET	B	-0.17%
JCI	B	-0.17%
HLT	B	-0.17%
LNG	D	-0.16%
IPG	C	-0.16%
LHX	C	-0.16%
KMI	C	-0.15%
HES	F	-0.15%
EXC	B	-0.15%
CMI	B	-0.15%
EW	F	-0.15%
F	F	-0.15%
DD	B	-0.14%
PEG	B	-0.14%
HWM	B	-0.14%
OTIS	B	-0.13%
AME	C	-0.13%
VRSK	D	-0.13%
VMC	C	-0.12%
IR	B	-0.12%
MLM	D	-0.12%
XEL	B	-0.12%
ED	B	-0.12%
KHC	C	-0.12%
RCL	B	-0.12%
AVB	C	-0.11%
ROK	D	-0.11%
EIX	B	-0.11%
ADM	D	-0.11%
RMD	C	-0.11%
XYL	C	-0.11%
DVN	F	-0.1%
WEC	B	-0.1%
PPG	C	-0.1%
PCG	C	-0.09%
TROW	C	-0.09%
IFF	A	-0.09%
DAL	C	-0.09%
APTV	D	-0.08%
SBAC	C	-0.08%
PPL	A	-0.08%
FE	B	-0.08%
ETR	A	-0.08%
ES	B	-0.08%
NRG	B	-0.07%
EXPD	B	-0.07%
CMS	B	-0.07%
TSN	D	-0.07%
CLX	C	-0.07%
BAH	B	-0.07%
BAX	C	-0.07%
K	A	-0.07%
ILMN	D	-0.07%
HBAN	B	-0.07%
RF	B	-0.07%
SWK	B	-0.06%
LUV	C	-0.06%
DOC	B	-0.06%
DGX	B	-0.06%
HUBB	B	-0.06%
TXT	D	-0.06%
SJM	C	-0.05%
AMH	D	-0.05%
OC	C	-0.05%
ACM	B	-0.05%
NDSN	C	-0.05%
UAL	B	-0.05%
LNT	A	-0.05%
AES	C	-0.05%
JBHT	D	-0.05%
BG	F	-0.05%
CPB	C	-0.04%
LECO	D	-0.04%
TFX	B	-0.04%
ALB	D	-0.04%
EMN	B	-0.04%
USFD	C	-0.04%
WBA	F	-0.03%
BWA	C	-0.03%
SCCO	C	-0.03%
HRL	F	-0.03%
CNH	C	-0.03%
TAP	D	-0.03%