NACP vs. AGQI ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to First Trust Active Global Quality Income ETF (AGQI)

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

$41.44

Average Daily Volume

3,266

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

AGQI

First Trust Active Global Quality Income ETF

AGQI Description

AGQI aims to hold a global basket of income-producing equities of companies that can maintain or grow dividends without compromising their financial stability. Equity securities include common and preferred stocks, depositary receipts, and real estate investment trusts. The fund invests in US and non-US issuers, holding at least 40% of its assets outside the US, with up to 20% allocated in emerging markets. The fund uses a fundamental approach to select dividend-paying companies with quality income, meaning they can provide stable and growing dividends. Eligible companies are assessed based on ROE and/or ROIC, financial leverage ratio, and dividend payout ratio. The resulting portfolio may have a large-cap tilt, although the fund invests in companies of any market capitalization. On November 21, 2023, the ETF acquired all assets and liabilities of the First Trust Dynamic Europe Equity Income Fund (ticker: FDEU), which had about $220 million in assets, morphing the closed-end fund into an ETF.

Grade (RS Rating)

Last Trade

$14.10

Average Daily Volume

8,073

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	AGQI
30 Days	0.24%	-2.62%
60 Days	7.02%	0.56%
90 Days	11.22%	3.90%
12 Months	34.39%

6 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in AGQI	Overlap
BAC	B	0.99%	2.77%	0.99%
HON	B	0.46%	2.27%	0.46%
KO	D	0.99%	3.96%	0.99%
MDT	B	0.42%	3.53%	0.42%
MSFT	D	4.63%	4.6%	4.6%
VZ	D	2.26%	2.89%	2.26%

NACP Overweight 191 Positions Relative to AGQI

Symbol	Grade	Weight
AAPL	C	5.03%
NVDA	B	4.9%
AMZN	A	4.47%
META	B	3.63%
ACN	C	3.58%
QCOM	F	3.18%
IBM	D	3.08%
GOOGL	B	2.41%
JPM	B	2.39%
UBER	C	2.29%
TSLA	B	2.22%
GOOG	B	2.16%
XOM	B	2.0%
UNH	D	1.95%
PANW	B	1.81%
MU	C	1.75%
V	A	1.53%
INTC	C	1.52%
JNJ	D	1.44%
MA	B	1.4%
ABBV	B	1.22%
CVX	B	1.04%
MRK	F	1.03%
PEP	F	0.92%
TMO	D	0.83%
WMT	A	0.73%
ABT	A	0.69%
GE	D	0.69%
NEE	D	0.66%
DHR	D	0.64%
HPQ	B	0.62%
PFE	D	0.62%
AXP	B	0.56%
UNP	D	0.56%
SPGI	D	0.55%
DELL	B	0.54%
LOW	B	0.51%
COP	D	0.49%
ELV	F	0.47%
MS	A	0.47%
C	B	0.45%
EA	A	0.45%
T	B	0.45%
ETN	B	0.44%
PLD	F	0.42%
BSX	B	0.41%
ADP	A	0.4%
BA	F	0.38%
MELI	C	0.38%
CI	D	0.37%
DE	C	0.36%
MDLZ	F	0.36%
NKE	F	0.36%
BMY	A	0.35%
UPS	C	0.35%
GILD	A	0.35%
SO	C	0.35%
SCHW	B	0.33%
DUK	D	0.32%
EQIX	B	0.29%
TT	B	0.29%
NOC	D	0.29%
PNC	B	0.27%
CVS	F	0.27%
PYPL	B	0.27%
ITW	A	0.27%
MMM	D	0.26%
MCO	D	0.26%
FDX	D	0.25%
FCX	B	0.25%
AON	B	0.24%
CSX	D	0.24%
MPC	F	0.23%
BDX	D	0.23%
PSX	F	0.22%
TFC	C	0.22%
NEM	D	0.22%
EMR	A	0.22%
ECL	D	0.21%
NSC	B	0.2%
WMB	A	0.19%
AEP	C	0.19%
MAR	B	0.19%
OKE	A	0.18%
SRE	C	0.18%
TRV	B	0.18%
CCI	D	0.18%
D	B	0.18%
GM	A	0.18%
URI	B	0.18%
MET	C	0.17%
BK	A	0.17%
VLO	D	0.17%
JCI	B	0.17%
HLT	B	0.17%
LNG	A	0.16%
IPG	F	0.16%
LHX	B	0.16%
KMI	A	0.15%
HES	C	0.15%
EXC	D	0.15%
CMI	A	0.15%
EW	D	0.15%
F	F	0.15%
DD	C	0.14%
PEG	C	0.14%
A	C	0.14%
HWM	B	0.14%
OTIS	B	0.13%
KR	A	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	A	0.12%
IR	B	0.12%
MLM	B	0.12%
XEL	B	0.12%
ED	D	0.12%
KHC	F	0.12%
RCL	A	0.12%
AVB	B	0.11%
ROK	C	0.11%
EBAY	D	0.11%
VST	C	0.11%
EIX	D	0.11%
ADM	F	0.11%
RMD	B	0.11%
XYL	F	0.11%
HSY	F	0.1%
DVN	F	0.1%
WEC	B	0.1%
PPG	F	0.1%
BIIB	F	0.1%
PCG	B	0.09%
TROW	B	0.09%
IFF	D	0.09%
DAL	A	0.09%
SYF	A	0.08%
APTV	F	0.08%
SBAC	D	0.08%
PPL	A	0.08%
FE	D	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	D	0.08%
ES	D	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
TSN	D	0.07%
CLX	C	0.07%
BAH	A	0.07%
BAX	D	0.07%
LH	B	0.07%
K	A	0.07%
ILMN	A	0.07%
HBAN	B	0.07%
RF	B	0.07%
SWK	D	0.06%
LUV	B	0.06%
DOC	B	0.06%
DGX	B	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	D	0.05%
AMH	F	0.05%
NI	A	0.05%
OC	B	0.05%
ACM	A	0.05%
NDSN	D	0.05%
UAL	A	0.05%
LNT	C	0.05%
AES	F	0.05%
JBHT	B	0.05%
BG	F	0.05%
CF	B	0.05%
CPB	D	0.04%
REG	B	0.04%
LECO	C	0.04%
TFX	F	0.04%
ALB	C	0.04%
EMN	D	0.04%
USFD	A	0.04%
WBA	C	0.03%
BWA	D	0.03%
SCCO	B	0.03%
PFG	D	0.03%
MOS	C	0.03%
HRL	D	0.03%
CNH	B	0.03%
TAP	C	0.03%

NACP Underweight 7 Positions Relative to AGQI

Symbol	Grade	Weight
NVT	C	-4.34%
UL	D	-3.67%
HD	B	-3.24%
SONY	D	-3.03%
ORCL	B	-2.95%
AMT	D	-2.91%
PG	D	-2.79%