NACP vs. APUE ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE)

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

$42.72

Average Daily Volume

3,518

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

APUE

Trust for Professional Managers ActivePassive U.S. Equity ETF

APUE Description

The fund is an actively-managed exchange-traded fund ("ETF") that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund"s benchmark index, the CRSP U.S. Total Market Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$36.75

Average Daily Volume

85,016

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	NACP	APUE
30 Days	2.08%	3.74%
60 Days	4.48%	4.87%
90 Days	6.57%	6.08%
12 Months	32.92%	33.10%

105 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in APUE	Overlap
A	D	0.14%	0.09%	0.09%
AAPL	C	5.03%	5.79%	5.03%
ABBV	D	1.22%	0.6%	0.6%
ABT	B	0.69%	0.25%	0.25%
ACN	C	3.58%	0.58%	0.58%
ADM	D	0.11%	0.03%	0.03%
ADP	B	0.4%	0.17%	0.17%
AEP	D	0.19%	0.22%	0.19%
AMZN	C	4.47%	3.5%	3.5%
AON	A	0.24%	0.08%	0.08%
AVB	B	0.11%	0.08%	0.08%
AXP	A	0.56%	0.39%	0.39%
BA	F	0.38%	0.06%	0.06%
BAC	A	0.99%	0.49%	0.49%
BK	A	0.17%	0.37%	0.17%
BMY	B	0.35%	0.18%	0.18%
BSX	B	0.41%	0.28%	0.28%
C	A	0.45%	0.38%	0.38%
CCI	D	0.18%	0.08%	0.08%
CI	F	0.37%	0.05%	0.05%
CMI	A	0.15%	0.11%	0.11%
COP	C	0.49%	0.24%	0.24%
CVS	D	0.27%	0.05%	0.05%
CVX	A	1.04%	0.31%	0.31%
DAL	C	0.09%	0.05%	0.05%
DD	D	0.14%	0.1%	0.1%
DE	A	0.36%	0.15%	0.15%
DELL	C	0.54%	0.05%	0.05%
DGX	A	0.06%	0.13%	0.06%
DHR	F	0.64%	0.39%	0.39%
DTE	C	0.08%	0.02%	0.02%
DUK	C	0.32%	0.4%	0.32%
DVN	F	0.1%	0.06%	0.06%
ECL	D	0.21%	0.12%	0.12%
ED	D	0.12%	0.15%	0.12%
ELV	F	0.47%	0.04%	0.04%
EMR	A	0.22%	0.13%	0.13%
ETN	A	0.44%	0.39%	0.39%
ETR	B	0.08%	0.3%	0.08%
EW	C	0.15%	0.05%	0.05%
FCX	D	0.25%	0.16%	0.16%
FDX	B	0.25%	0.18%	0.18%
GE	D	0.69%	0.47%	0.47%
GILD	C	0.35%	0.16%	0.16%
GM	B	0.18%	0.22%	0.18%
GOOG	C	2.16%	1.63%	1.63%
GOOGL	C	2.41%	1.98%	1.98%
HON	B	0.46%	0.3%	0.3%
HUBB	B	0.06%	0.04%	0.04%
HWM	A	0.14%	0.16%	0.14%
IBM	C	3.08%	0.42%	0.42%
IR	B	0.12%	0.05%	0.05%
JNJ	D	1.44%	0.89%	0.89%
JPM	A	2.39%	1.5%	1.5%
KHC	F	0.12%	0.07%	0.07%
KO	D	0.99%	0.42%	0.42%
KR	B	0.13%	0.09%	0.09%
LNG	B	0.16%	0.07%	0.07%
LOW	D	0.51%	0.35%	0.35%
MA	C	1.4%	0.59%	0.59%
MDLZ	F	0.36%	0.28%	0.28%
MDT	D	0.42%	0.33%	0.33%
META	D	3.63%	2.28%	2.28%
MPC	D	0.23%	0.13%	0.13%
MRK	F	1.03%	0.35%	0.35%
MS	A	0.47%	0.23%	0.23%
MSFT	F	4.63%	5.41%	4.63%
MU	D	1.75%	0.16%	0.16%
NDAQ	A	0.08%	0.06%	0.06%
NEE	D	0.66%	0.2%	0.2%
NEM	D	0.22%	0.07%	0.07%
NI	A	0.05%	0.18%	0.05%
NVDA	C	4.9%	5.97%	4.9%
PANW	C	1.81%	0.17%	0.17%
PCG	A	0.09%	0.12%	0.09%
PEG	A	0.14%	0.14%	0.14%
PEP	F	0.92%	0.32%	0.32%
PFE	D	0.62%	0.25%	0.25%
PFG	D	0.03%	0.04%	0.03%
PLD	D	0.42%	0.18%	0.18%
PPL	B	0.08%	0.19%	0.08%
PSX	C	0.22%	0.05%	0.05%
PYPL	B	0.27%	0.15%	0.15%
QCOM	F	3.18%	0.48%	0.48%
RCL	A	0.12%	0.08%	0.08%
ROK	B	0.11%	0.08%	0.08%
SO	D	0.35%	0.22%	0.22%
SPGI	C	0.55%	0.26%	0.26%
SYF	B	0.08%	0.11%	0.08%
T	A	0.45%	0.43%	0.43%
TMO	F	0.83%	0.29%	0.29%
TSLA	B	2.22%	1.68%	1.68%
TT	A	0.29%	0.17%	0.17%
TXT	D	0.06%	0.15%	0.06%
UAL	A	0.05%	0.03%	0.03%
UBER	D	2.29%	0.29%	0.29%
UNH	C	1.95%	1.04%	1.04%
UNP	C	0.56%	0.38%	0.38%
UPS	C	0.35%	0.1%	0.1%
URI	B	0.18%	0.26%	0.18%
V	A	1.53%	0.64%	0.64%
VLO	C	0.17%	0.06%	0.06%
VZ	C	2.26%	0.38%	0.38%
WMT	A	0.73%	0.93%	0.73%
XOM	B	2.0%	0.99%	0.99%

NACP Overweight 92 Positions Relative to APUE

Symbol	Grade	Weight
INTC	D	1.52%
HPQ	B	0.62%
EA	A	0.45%
MELI	D	0.38%
NKE	D	0.36%
SCHW	B	0.33%
EQIX	A	0.29%
NOC	D	0.29%
PNC	B	0.27%
ITW	B	0.27%
MMM	D	0.26%
MCO	B	0.26%
CSX	B	0.24%
BDX	F	0.23%
TFC	A	0.22%
NSC	B	0.2%
WMB	A	0.19%
MAR	B	0.19%
OKE	A	0.18%
SRE	A	0.18%
TRV	B	0.18%
D	C	0.18%
MET	A	0.17%
JCI	C	0.17%
HLT	A	0.17%
IPG	D	0.16%
LHX	C	0.16%
KMI	A	0.15%
HES	B	0.15%
EXC	C	0.15%
F	C	0.15%
OTIS	C	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
EBAY	D	0.11%
VST	B	0.11%
EIX	B	0.11%
RMD	C	0.11%
XYL	D	0.11%
HSY	F	0.1%
WEC	A	0.1%
PPG	F	0.1%
BIIB	F	0.1%
TROW	B	0.09%
IFF	D	0.09%
APTV	D	0.08%
SBAC	D	0.08%
FE	C	0.08%
ES	D	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
TSN	B	0.07%
CLX	B	0.07%
BAH	F	0.07%
BAX	D	0.07%
LH	C	0.07%
K	A	0.07%
ILMN	D	0.07%
HBAN	A	0.07%
RF	A	0.07%
SWK	D	0.06%
LUV	C	0.06%
DOC	D	0.06%
SJM	D	0.05%
AMH	D	0.05%
OC	A	0.05%
ACM	A	0.05%
NDSN	B	0.05%
LNT	A	0.05%
AES	F	0.05%
JBHT	C	0.05%
BG	F	0.05%
CF	B	0.05%
CPB	D	0.04%
REG	B	0.04%
LECO	B	0.04%
TFX	F	0.04%
ALB	C	0.04%
EMN	D	0.04%
USFD	A	0.04%
WBA	F	0.03%
BWA	D	0.03%
SCCO	F	0.03%
MOS	F	0.03%
HRL	D	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 188 Positions Relative to APUE

Symbol	Grade	Weight
DFAS	A	-4.83%
BRK.A	B	-1.84%
AVGO	D	-1.41%
LLY	F	-1.16%
PG	A	-0.99%
COST	B	-0.81%
NFLX	A	-0.74%
CRM	B	-0.62%
WFC	A	-0.62%
HD	A	-0.59%
INTU	C	-0.49%
NOW	A	-0.47%
ADBE	C	-0.47%
MO	A	-0.47%
SPG	B	-0.46%
AMD	F	-0.45%
DIS	B	-0.44%
ISRG	A	-0.43%
APH	A	-0.43%
ORCL	B	-0.42%
AER	B	-0.42%
TMUS	B	-0.41%
AFL	B	-0.41%
AMAT	F	-0.39%
CSCO	B	-0.38%
AWI	A	-0.38%
SYK	C	-0.38%
CHDN	B	-0.38%
MUSA	A	-0.37%
WTM	A	-0.37%
PH	A	-0.33%
FI	A	-0.33%
LIN	D	-0.33%
TJX	A	-0.32%
GS	A	-0.32%
ENTG	D	-0.31%
DECK	A	-0.31%
CTAS	B	-0.31%
PCAR	B	-0.31%
HCA	F	-0.31%
EQR	B	-0.3%
COF	B	-0.3%
BLK	C	-0.3%
BR	A	-0.29%
CAT	B	-0.29%
PHM	D	-0.29%
TXN	C	-0.29%
ADI	D	-0.29%
SNA	A	-0.27%
POST	C	-0.27%
LANC	C	-0.27%
GWW	B	-0.27%
AXTA	A	-0.27%
CMCSA	B	-0.27%
SHW	A	-0.27%
PGR	A	-0.26%
ZBRA	B	-0.26%
WAT	B	-0.26%
VICI	C	-0.25%
THG	A	-0.25%
BX	A	-0.25%
L	A	-0.25%
LW	C	-0.25%
PM	B	-0.25%
MAS	D	-0.24%
ANET	C	-0.24%
MCD	D	-0.23%
JKHY	D	-0.23%
NEU	C	-0.23%
CACC	D	-0.23%
CWST	A	-0.22%
AMT	D	-0.22%
QLYS	C	-0.22%
DHI	D	-0.22%
VRTX	F	-0.21%
KKR	A	-0.21%
RTX	C	-0.21%
LEN	D	-0.2%
DASH	A	-0.2%
LRCX	F	-0.2%
KLAC	D	-0.19%
TTC	D	-0.19%
ESI	A	-0.19%
WAB	B	-0.18%
FR	C	-0.18%
AMGN	D	-0.18%
REGN	F	-0.18%
ROP	B	-0.17%
CBOE	B	-0.17%
CCL	B	-0.16%
EVRG	A	-0.16%
IRM	D	-0.16%
IP	B	-0.16%
GDDY	A	-0.16%
TGT	F	-0.16%
ESS	B	-0.15%
REYN	D	-0.15%
LMT	D	-0.15%
ICE	C	-0.15%
GRMN	B	-0.15%
TREX	C	-0.15%
CARR	D	-0.15%
COIN	C	-0.15%
LEN	D	-0.15%
WY	D	-0.14%
UNF	B	-0.14%
DOV	A	-0.14%
FOX	A	-0.14%
MTN	C	-0.14%
AIG	B	-0.14%
GEV	B	-0.14%
FOXA	B	-0.13%
BALL	D	-0.13%
WELL	A	-0.13%
ZBH	C	-0.13%
BRKR	D	-0.13%
KMB	D	-0.13%
FNF	B	-0.13%
CRWD	B	-0.13%
HIG	B	-0.12%
CMG	B	-0.12%
HOLX	D	-0.12%
ABNB	C	-0.11%
CEG	D	-0.11%
PLTR	B	-0.11%
PWR	A	-0.11%
CPRT	A	-0.11%
EOG	A	-0.11%
MCK	B	-0.11%
STLD	B	-0.11%
CAH	B	-0.1%
CL	D	-0.1%
SNPS	B	-0.1%
AEE	A	-0.1%
SWKS	F	-0.1%
CNNE	B	-0.09%
ZTS	D	-0.09%
EFX	F	-0.09%
APD	A	-0.09%
STT	A	-0.09%
CABO	C	-0.09%
DLR	B	-0.08%
DRI	B	-0.08%
ALL	A	-0.08%
COR	B	-0.08%
KVUE	A	-0.07%
CRBG	B	-0.07%
TW	A	-0.07%
PKG	A	-0.07%
MKL	A	-0.07%
CBRE	B	-0.07%
ARE	D	-0.07%
BEN	C	-0.07%
CTSH	B	-0.07%
EXR	D	-0.07%
CB	C	-0.06%
ROST	C	-0.06%
APO	B	-0.06%
CTVA	C	-0.06%
RBLX	C	-0.06%
GD	F	-0.06%
ACGL	D	-0.06%
MPWR	F	-0.06%
CSGP	D	-0.06%
SQ	B	-0.06%
CVNA	B	-0.05%
RSG	A	-0.05%
NTAP	C	-0.05%
GPN	B	-0.05%
GEN	B	-0.05%
SLB	C	-0.05%
IBKR	A	-0.05%
NWS	B	-0.05%
FSLR	F	-0.04%
NUE	C	-0.04%
EG	C	-0.04%
CTRA	B	-0.04%
MNST	C	-0.04%
J	F	-0.04%
VLTO	D	-0.03%
CNC	D	-0.03%
MSTR	C	-0.03%
SMCI	F	-0.02%
RKT	F	-0.02%
DLTR	F	-0.02%
WPC	D	-0.02%
GIS	D	-0.01%
HST	C	-0.0%