NACP vs. DIVB ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to iShares U.S. Dividend and Buyback ETF (DIVB)

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

DIVB

iShares U.S. Dividend and Buyback ETF

DIVB Description

The investment seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index. The underlying index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks.

Grade (RS Rating)

Last Trade

$50.54

Average Daily Volume

83,483

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	NACP	DIVB
30 Days	2.08%	2.97%
60 Days	4.48%	5.27%
90 Days	6.57%	7.50%
12 Months	32.92%	35.87%

112 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in DIVB	Overlap
ABBV	D	1.22%	1.1%	1.1%
ABT	B	0.69%	0.52%	0.52%
ACN	C	3.58%	3.56%	3.56%
ADP	B	0.4%	0.38%	0.38%
AEP	D	0.19%	0.1%	0.1%
AES	F	0.05%	0.04%	0.04%
AMH	D	0.05%	0.01%	0.01%
AVB	B	0.11%	0.07%	0.07%
BAC	A	0.99%	1.46%	0.99%
BAX	D	0.07%	0.05%	0.05%
BG	F	0.05%	0.08%	0.05%
BK	A	0.17%	0.4%	0.17%
BMY	B	0.35%	1.09%	0.35%
C	A	0.45%	0.67%	0.45%
CCI	D	0.18%	0.24%	0.18%
CF	B	0.05%	0.15%	0.05%
CI	F	0.37%	0.68%	0.37%
CLX	B	0.07%	0.06%	0.06%
CMI	A	0.15%	0.12%	0.12%
CMS	C	0.07%	0.03%	0.03%
CNH	C	0.03%	0.1%	0.03%
COP	C	0.49%	0.85%	0.49%
CPB	D	0.04%	0.03%	0.03%
CSX	B	0.24%	0.45%	0.24%
CVS	D	0.27%	0.65%	0.27%
CVX	A	1.04%	2.17%	1.04%
D	C	0.18%	0.13%	0.13%
DE	A	0.36%	0.69%	0.36%
DGX	A	0.06%	0.08%	0.06%
DOC	D	0.06%	0.08%	0.06%
DTE	C	0.08%	0.02%	0.02%
DUK	C	0.32%	0.31%	0.31%
DVN	F	0.1%	0.16%	0.1%
EBAY	D	0.11%	0.23%	0.11%
ED	D	0.12%	0.15%	0.12%
EIX	B	0.11%	0.12%	0.11%
EMN	D	0.04%	0.07%	0.04%
EMR	A	0.22%	0.33%	0.22%
ES	D	0.08%	0.08%	0.08%
ETR	B	0.08%	0.05%	0.05%
EXC	C	0.15%	0.15%	0.15%
EXPD	D	0.07%	0.16%	0.07%
F	C	0.15%	0.31%	0.15%
FDX	B	0.25%	0.3%	0.25%
FE	C	0.08%	0.08%	0.08%
GILD	C	0.35%	0.55%	0.35%
HBAN	A	0.07%	0.12%	0.07%
HON	B	0.46%	0.66%	0.46%
HPQ	B	0.62%	1.24%	0.62%
HRL	D	0.03%	0.03%	0.03%
HSY	F	0.1%	0.11%	0.1%
IBM	C	3.08%	3.51%	3.08%
IFF	D	0.09%	0.05%	0.05%
IPG	D	0.16%	0.11%	0.11%
ITW	B	0.27%	0.36%	0.27%
JCI	C	0.17%	0.21%	0.17%
JNJ	D	1.44%	1.37%	1.37%
JPM	A	2.39%	2.66%	2.39%
K	A	0.07%	0.06%	0.06%
KHC	F	0.12%	0.16%	0.12%
KMI	A	0.15%	0.25%	0.15%
KO	D	0.99%	0.75%	0.75%
KR	B	0.13%	0.1%	0.1%
LH	C	0.07%	0.13%	0.07%
LHX	C	0.16%	0.16%	0.16%
LNT	A	0.05%	0.04%	0.04%
LOW	D	0.51%	1.06%	0.51%
LUV	C	0.06%	0.05%	0.05%
MDLZ	F	0.36%	0.35%	0.35%
MDT	D	0.42%	0.55%	0.42%
MET	A	0.17%	0.46%	0.17%
MMM	D	0.26%	0.31%	0.26%
MRK	F	1.03%	0.75%	0.75%
MS	A	0.47%	1.36%	0.47%
NEE	D	0.66%	0.11%	0.11%
NEM	D	0.22%	0.13%	0.13%
NI	A	0.05%	0.04%	0.04%
NKE	D	0.36%	0.65%	0.36%
NOC	D	0.29%	0.31%	0.29%
NRG	B	0.07%	0.13%	0.07%
NSC	B	0.2%	0.25%	0.2%
OKE	A	0.18%	0.21%	0.18%
PEG	A	0.14%	0.13%	0.13%
PEP	F	0.92%	0.78%	0.78%
PFE	D	0.62%	0.84%	0.62%
PFG	D	0.03%	0.17%	0.03%
PLD	D	0.42%	0.3%	0.3%
PNC	B	0.27%	0.46%	0.27%
PPG	F	0.1%	0.08%	0.08%
PPL	B	0.08%	0.08%	0.08%
PSX	C	0.22%	0.44%	0.22%
REG	B	0.04%	0.06%	0.04%
RF	A	0.07%	0.14%	0.07%
ROK	B	0.11%	0.11%	0.11%
SJM	D	0.05%	0.08%	0.05%
SO	D	0.35%	0.22%	0.22%
SRE	A	0.18%	0.17%	0.17%
SWK	D	0.06%	0.05%	0.05%
T	A	0.45%	1.2%	0.45%
TAP	C	0.03%	0.07%	0.03%
TFC	A	0.22%	0.33%	0.22%
TROW	B	0.09%	0.18%	0.09%
TRV	B	0.18%	0.26%	0.18%
TSN	B	0.07%	0.08%	0.07%
UNP	C	0.56%	0.48%	0.48%
UPS	C	0.35%	0.71%	0.35%
VZ	C	2.26%	1.48%	1.48%
WBA	F	0.03%	0.1%	0.03%
WEC	A	0.1%	0.11%	0.1%
WMB	A	0.19%	0.22%	0.19%
XEL	A	0.12%	0.1%	0.1%
XOM	B	2.0%	2.91%	2.0%

NACP Overweight 85 Positions Relative to DIVB

Symbol	Grade	Weight
AAPL	C	5.03%
NVDA	C	4.9%
MSFT	F	4.63%
AMZN	C	4.47%
META	D	3.63%
QCOM	F	3.18%
GOOGL	C	2.41%
UBER	D	2.29%
TSLA	B	2.22%
GOOG	C	2.16%
UNH	C	1.95%
PANW	C	1.81%
MU	D	1.75%
V	A	1.53%
INTC	D	1.52%
MA	C	1.4%
TMO	F	0.83%
WMT	A	0.73%
GE	D	0.69%
DHR	F	0.64%
AXP	A	0.56%
SPGI	C	0.55%
DELL	C	0.54%
ELV	F	0.47%
EA	A	0.45%
ETN	A	0.44%
BSX	B	0.41%
BA	F	0.38%
MELI	D	0.38%
SCHW	B	0.33%
EQIX	A	0.29%
TT	A	0.29%
PYPL	B	0.27%
MCO	B	0.26%
FCX	D	0.25%
AON	A	0.24%
MPC	D	0.23%
BDX	F	0.23%
ECL	D	0.21%
MAR	B	0.19%
GM	B	0.18%
URI	B	0.18%
VLO	C	0.17%
HLT	A	0.17%
LNG	B	0.16%
HES	B	0.15%
EW	C	0.15%
DD	D	0.14%
A	D	0.14%
HWM	A	0.14%
OTIS	C	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
RCL	A	0.12%
VST	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
BIIB	F	0.1%
PCG	A	0.09%
DAL	C	0.09%
SYF	B	0.08%
APTV	D	0.08%
SBAC	D	0.08%
NDAQ	A	0.08%
LII	A	0.07%
BAH	F	0.07%
ILMN	D	0.07%
HUBB	B	0.06%
TXT	D	0.06%
OC	A	0.05%
ACM	A	0.05%
NDSN	B	0.05%
UAL	A	0.05%
JBHT	C	0.05%
LECO	B	0.04%
TFX	F	0.04%
ALB	C	0.04%
USFD	A	0.04%
BWA	D	0.03%
SCCO	F	0.03%
MOS	F	0.03%

NACP Underweight 321 Positions Relative to DIVB

Symbol	Grade	Weight
CSCO	B	-5.42%
TXN	C	-3.03%
WFC	A	-2.42%
FIS	C	-1.88%
HD	A	-1.57%
PG	A	-1.5%
GS	A	-1.36%
TEL	B	-1.17%
CAT	B	-1.1%
RTX	C	-1.04%
CTSH	B	-0.89%
PM	B	-0.84%
LMT	D	-0.83%
MCD	D	-0.82%
MCHP	D	-0.8%
HPE	B	-0.74%
NTAP	C	-0.73%
BLK	C	-0.63%
AIG	B	-0.57%
GEN	B	-0.56%
GLW	B	-0.53%
CRH	A	-0.46%
AMGN	D	-0.43%
BX	A	-0.4%
STX	D	-0.39%
AFL	B	-0.38%
SBUX	A	-0.37%
AMP	A	-0.37%
PRU	A	-0.35%
CME	A	-0.34%
USB	A	-0.31%
SPG	B	-0.3%
DFS	B	-0.3%
SWKS	F	-0.29%
EOG	A	-0.29%
NUE	C	-0.28%
GIS	D	-0.27%
CL	D	-0.26%
JNPR	F	-0.26%
DOW	F	-0.25%
AMT	D	-0.25%
MTB	A	-0.24%
FANG	D	-0.23%
TGT	F	-0.23%
HIG	B	-0.21%
STLD	B	-0.21%
COF	B	-0.2%
CAH	B	-0.2%
ALL	A	-0.19%
SYY	B	-0.19%
SLB	C	-0.19%
GPN	B	-0.19%
CFG	B	-0.19%
KMB	D	-0.18%
PSA	D	-0.18%
APD	A	-0.18%
AVT	C	-0.17%
G	B	-0.16%
OMC	C	-0.16%
KDP	D	-0.16%
WTW	B	-0.16%
BKR	B	-0.15%
LYB	F	-0.14%
MRO	B	-0.14%
FITB	A	-0.14%
PAYX	C	-0.14%
NTRS	A	-0.13%
DG	F	-0.13%
YUM	B	-0.12%
CTRA	B	-0.12%
FAST	B	-0.12%
SW	A	-0.12%
IP	B	-0.12%
EXR	D	-0.11%
TRGP	B	-0.11%
DRI	B	-0.11%
BBY	D	-0.11%
TPR	B	-0.1%
KLIC	B	-0.1%
AMCR	D	-0.1%
KEY	B	-0.1%
ORI	A	-0.1%
PKG	A	-0.09%
OVV	B	-0.09%
CHRW	C	-0.09%
VTRS	A	-0.09%
EQR	B	-0.09%
APA	D	-0.08%
IRM	D	-0.08%
SNA	A	-0.08%
CINF	A	-0.08%
WY	D	-0.08%
BXP	D	-0.07%
MAA	B	-0.07%
ALLY	C	-0.07%
SF	B	-0.07%
UNM	A	-0.07%
KIM	A	-0.07%
EVR	B	-0.07%
RL	B	-0.07%
WH	B	-0.07%
CG	A	-0.07%
LKQ	D	-0.07%
CHRD	D	-0.07%
HST	C	-0.07%
GPC	D	-0.07%
OMF	A	-0.07%
ESS	B	-0.07%
DKS	C	-0.07%
FHN	A	-0.07%
SCI	B	-0.07%
VSH	D	-0.06%
CNP	B	-0.06%
STWD	C	-0.06%
EWBC	A	-0.06%
ARES	A	-0.06%
HR	C	-0.06%
WBS	A	-0.06%
MAS	D	-0.06%
INVH	D	-0.06%
EL	F	-0.06%
VOYA	B	-0.06%
EXE	B	-0.06%
WPC	D	-0.06%
RHI	B	-0.06%
FNF	B	-0.06%
R	B	-0.06%
HRB	D	-0.06%
EVRG	A	-0.06%
CAG	D	-0.06%
CPT	B	-0.05%
CMA	A	-0.05%
AOS	F	-0.05%
LAMR	D	-0.05%
ZION	B	-0.05%
RPRX	D	-0.05%
VICI	C	-0.05%
PR	B	-0.05%
BC	C	-0.05%
OWL	A	-0.05%
BYD	C	-0.05%
BERY	B	-0.05%
AGO	B	-0.05%
AWK	D	-0.05%
MTG	C	-0.05%
ALV	C	-0.05%
BEN	C	-0.05%
FAF	A	-0.04%
OHI	C	-0.04%
HAS	D	-0.04%
OZK	B	-0.04%
CFR	B	-0.04%
HOG	D	-0.04%
PII	D	-0.04%
CNXC	F	-0.04%
JHG	A	-0.04%
OGE	B	-0.04%
LEA	D	-0.04%
AEE	A	-0.04%
PBF	D	-0.04%
CIVI	D	-0.04%
SNV	B	-0.04%
RDN	C	-0.04%
MKC	D	-0.04%
CUBE	D	-0.04%
AIZ	A	-0.04%
MSM	C	-0.04%
CHH	A	-0.04%
PNW	B	-0.04%
IVZ	B	-0.04%
COLB	A	-0.04%
VTR	C	-0.04%
RITM	C	-0.04%
IRDM	D	-0.04%
JEF	A	-0.04%
AM	A	-0.03%
CNO	A	-0.03%
ONB	B	-0.03%
VLY	B	-0.03%
GLPI	C	-0.03%
PAG	B	-0.03%
HP	B	-0.03%
CCOI	B	-0.03%
PTEN	C	-0.03%
WEN	D	-0.03%
HOMB	A	-0.03%
MGY	A	-0.03%
RHP	B	-0.03%
WSO	A	-0.03%
DTM	B	-0.03%
XRAY	F	-0.03%
BPOP	B	-0.03%
ASH	D	-0.03%
ARCH	B	-0.03%
FHI	A	-0.03%
MAN	D	-0.03%
CBSH	A	-0.03%
HRI	B	-0.03%
KRC	C	-0.03%
LPX	B	-0.03%
UGI	A	-0.03%
ELS	C	-0.03%
INGR	B	-0.03%
DLB	B	-0.03%
AFG	A	-0.03%
CC	C	-0.03%
BRX	A	-0.03%
PB	A	-0.03%
KBH	D	-0.03%
FMC	D	-0.03%
APLE	B	-0.02%
ALE	A	-0.02%
NSP	D	-0.02%
BOKF	B	-0.02%
HWC	B	-0.02%
CDP	C	-0.02%
GOLF	B	-0.02%
AAP	C	-0.02%
WMG	C	-0.02%
PECO	A	-0.02%
ESNT	D	-0.02%
PRGO	B	-0.02%
IIPR	D	-0.02%
FHB	A	-0.02%
WAL	B	-0.02%
NFG	A	-0.02%
FR	C	-0.02%
COLD	D	-0.02%
THG	A	-0.02%
MC	C	-0.02%
GAP	C	-0.02%
THO	B	-0.02%
AEO	F	-0.02%
VCTR	B	-0.02%
ABM	B	-0.02%
NHI	D	-0.02%
PCH	D	-0.02%
RUSHA	C	-0.02%
IDA	A	-0.02%
CUZ	B	-0.02%
MAC	B	-0.02%
SIRI	C	-0.02%
CRC	B	-0.02%
ASB	B	-0.02%
SHOO	D	-0.02%
ACI	C	-0.02%
KTB	B	-0.02%
SON	D	-0.02%
GBCI	B	-0.02%
SSB	B	-0.02%
APAM	B	-0.02%
OGN	D	-0.02%
VFC	C	-0.02%
M	D	-0.02%
STAG	F	-0.02%
SLG	B	-0.02%
AXS	A	-0.02%
KRG	B	-0.02%
FLO	D	-0.02%
MUR	D	-0.02%
EQH	B	-0.02%
UDR	B	-0.02%
UBSI	B	-0.02%
FNB	A	-0.02%
BTU	B	-0.02%
SBRA	C	-0.02%
EPR	D	-0.02%
HII	D	-0.02%
FRT	B	-0.02%
NNN	D	-0.02%
IPAR	B	-0.01%
OGS	A	-0.01%
CWEN	C	-0.01%
TXNM	A	-0.01%
MCY	A	-0.01%
DNB	B	-0.01%
BKH	A	-0.01%
MDU	D	-0.01%
AWR	B	-0.01%
UCB	A	-0.01%
SXT	B	-0.01%
RRR	D	-0.01%
TFSL	A	-0.01%
MGEE	C	-0.01%
CNS	B	-0.01%
GEF	A	-0.01%
ADT	C	-0.01%
KMPR	B	-0.01%
AVNT	B	-0.01%
AROC	B	-0.01%
OTTR	C	-0.01%
HI	C	-0.01%
LXP	D	-0.01%
NJR	A	-0.01%
JWN	C	-0.01%
IBOC	A	-0.01%
SEE	C	-0.01%
NEU	C	-0.01%
FFIN	B	-0.01%
WTRG	B	-0.01%
CATY	B	-0.01%
CWEN	C	-0.01%
AGR	B	-0.01%
LCII	C	-0.01%
SKT	B	-0.01%
WD	D	-0.01%
NWL	B	-0.01%
SMG	D	-0.01%
RYN	D	-0.01%
IRT	A	-0.01%
MAGN	F	-0.0%
CADE	B	-0.0%
RUSHB	B	-0.0%
GEF	A	-0.0%
AGNC	D	-0.0%
CRK	B	-0.0%
SITC	D	-0.0%
AVA	A	-0.0%
ACT	D	-0.0%
REYN	D	-0.0%
CVI	F	-0.0%