NACP vs. CARZ ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to First Trust NASDAQ Global Auto Index Fund (CARZ)

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

CARZ

First Trust NASDAQ Global Auto Index Fund

CARZ Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX Global Auto Index(SM). The index is owned and was developed by The NASDAQ OMX Group, Inc. (the "Index Provider"). The index Provider has contracted with Standard & Poor's to calculate and maintain the index. The index is designed to track the performance of the largest and most liquid companies engaged in manufacturing of automobiles. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.23

Average Daily Volume

1,426

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	CARZ
30 Days	0.24%	-1.49%
60 Days	7.02%	9.66%
90 Days	11.22%	12.70%
12 Months	34.39%	13.86%

14 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in CARZ	Overlap
AAPL	C	5.03%	4.51%	4.51%
ALB	C	0.04%	0.46%	0.04%
APTV	F	0.08%	0.49%	0.08%
BWA	D	0.03%	0.48%	0.03%
CMI	A	0.15%	0.75%	0.15%
F	F	0.15%	0.69%	0.15%
GM	A	0.18%	0.98%	0.18%
GOOGL	B	2.41%	4.83%	2.41%
INTC	C	1.52%	1.61%	1.52%
MSFT	D	4.63%	4.66%	4.63%
MU	C	1.75%	1.94%	1.75%
NVDA	B	4.9%	4.64%	4.64%
QCOM	F	3.18%	3.14%	3.14%
TSLA	B	2.22%	4.84%	2.22%

NACP Overweight 183 Positions Relative to CARZ

Symbol	Grade	Weight
AMZN	A	4.47%
META	B	3.63%
ACN	C	3.58%
IBM	D	3.08%
JPM	B	2.39%
UBER	C	2.29%
VZ	D	2.26%
GOOG	B	2.16%
XOM	B	2.0%
UNH	D	1.95%
PANW	B	1.81%
V	A	1.53%
JNJ	D	1.44%
MA	B	1.4%
ABBV	B	1.22%
CVX	B	1.04%
MRK	F	1.03%
KO	D	0.99%
BAC	B	0.99%
PEP	F	0.92%
TMO	D	0.83%
WMT	A	0.73%
ABT	B	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	B	0.47%
HON	B	0.46%
C	B	0.45%
EA	A	0.45%
T	B	0.45%
ETN	B	0.44%
MDT	B	0.42%
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	D	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%
URI	B	0.18%
MET	C	0.17%
BK	A	0.17%
VLO	F	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%
EW	D	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	B	0.13%
VMC	B	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%
SBAC	D	0.08%
PPL	B	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	A	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%
EMN	D	0.04%
USFD	A	0.04%
WBA	C	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 38 Positions Relative to CARZ

Symbol	Grade	Weight
TSM	B	-4.69%
AMD	F	-4.06%
TXN	B	-3.19%
TM	F	-2.78%
ADI	C	-1.92%
MRVL	A	-1.19%
NXPI	D	-1.05%
PCAR	B	-0.91%
HMC	F	-0.7%
MCHP	F	-0.67%
RMBS	C	-0.59%
AUR	C	-0.58%
LI	C	-0.54%
ALGM	F	-0.54%
MXL	D	-0.54%
ON	D	-0.53%
PLUG	C	-0.51%
LSCC	D	-0.51%
SLAB	F	-0.5%
STLA	F	-0.5%
SYNA	F	-0.5%
SITM	B	-0.5%
AMBA	C	-0.5%
RIVN	F	-0.5%
INDI	F	-0.49%
STM	F	-0.49%
ST	F	-0.49%
CRUS	F	-0.48%
CHPT	F	-0.48%
LEA	F	-0.46%
SWKS	F	-0.46%
XPEV	B	-0.45%
BIDU	F	-0.45%
SQM	D	-0.44%
NIO	D	-0.43%
PSNY	F	-0.39%
QRVO	F	-0.36%
LCID	F	-0.35%