NACP vs. ESGG ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to FlexShares STOXX Global ESG Impact Index Fund (ESGG)

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

ESGG

FlexShares STOXX Global ESG Impact Index Fund

ESGG Description

Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXX Global ESG Impact Index.

Grade (RS Rating)

Last Trade

$170.57

Average Daily Volume

4,095

Number of Holdings ^*

172

* may have additional holdings in another (foreign) market

Performance

Period	NACP	ESGG
30 Days	2.08%	0.20%
60 Days	4.48%	-0.79%
90 Days	6.57%	0.81%
12 Months	32.92%	21.15%

61 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in ESGG	Overlap
AAPL	C	5.03%	5.04%	5.03%
ABBV	D	1.22%	0.13%	0.13%
ABT	B	0.69%	0.59%	0.59%
ACM	A	0.05%	0.04%	0.04%
ACN	C	3.58%	1.36%	1.36%
AEP	D	0.19%	0.1%	0.1%
AES	F	0.05%	0.03%	0.03%
AMZN	C	4.47%	5.56%	4.47%
BAX	D	0.07%	0.03%	0.03%
BMY	B	0.35%	0.25%	0.25%
C	A	0.45%	0.52%	0.45%
CI	F	0.37%	0.18%	0.18%
CLX	B	0.07%	0.07%	0.07%
CMI	A	0.15%	0.09%	0.09%
CVS	D	0.27%	0.13%	0.13%
CVX	A	1.04%	1.66%	1.04%
DOC	D	0.06%	0.07%	0.06%
EA	A	0.45%	0.13%	0.13%
EBAY	D	0.11%	0.06%	0.06%
EIX	B	0.11%	0.06%	0.06%
ELV	F	0.47%	0.37%	0.37%
EW	C	0.15%	0.13%	0.13%
GILD	C	0.35%	0.23%	0.23%
GM	B	0.18%	0.25%	0.18%
HLT	A	0.17%	0.18%	0.17%
HPQ	B	0.62%	0.19%	0.19%
HSY	F	0.1%	0.05%	0.05%
IBM	C	3.08%	0.76%	0.76%
INTC	D	1.52%	0.44%	0.44%
IPG	D	0.16%	0.03%	0.03%
JNJ	D	1.44%	2.19%	1.44%
JPM	A	2.39%	3.41%	2.39%
K	A	0.07%	0.05%	0.05%
KO	D	0.99%	0.74%	0.74%
KR	B	0.13%	0.11%	0.11%
LII	A	0.07%	0.06%	0.06%
LOW	D	0.51%	0.3%	0.3%
MAR	B	0.19%	0.2%	0.19%
MDLZ	F	0.36%	0.17%	0.17%
MDT	D	0.42%	0.21%	0.21%
MET	A	0.17%	0.09%	0.09%
META	D	3.63%	5.0%	3.63%
MRK	F	1.03%	0.99%	0.99%
MSFT	F	4.63%	4.91%	4.63%
MU	D	1.75%	0.56%	0.56%
NEM	D	0.22%	0.1%	0.1%
NKE	D	0.36%	0.17%	0.17%
OTIS	C	0.13%	0.08%	0.08%
PANW	C	1.81%	0.26%	0.26%
PEG	A	0.14%	0.09%	0.09%
PFE	D	0.62%	0.28%	0.28%
PFG	D	0.03%	0.03%	0.03%
QCOM	F	3.18%	0.55%	0.55%
TFX	F	0.04%	0.03%	0.03%
TRV	B	0.18%	0.11%	0.11%
TT	A	0.29%	0.17%	0.17%
UBER	D	2.29%	0.29%	0.29%
UNH	C	1.95%	1.09%	1.09%
UNP	C	0.56%	0.29%	0.29%
WMT	A	0.73%	1.47%	0.73%
XOM	B	2.0%	2.67%	2.0%

NACP Overweight 136 Positions Relative to ESGG

Symbol	Grade	Weight
NVDA	C	4.9%
GOOGL	C	2.41%
VZ	C	2.26%
TSLA	B	2.22%
GOOG	C	2.16%
V	A	1.53%
MA	C	1.4%
BAC	A	0.99%
PEP	F	0.92%
TMO	F	0.83%
GE	D	0.69%
NEE	D	0.66%
DHR	F	0.64%
AXP	A	0.56%
SPGI	C	0.55%
DELL	C	0.54%
COP	C	0.49%
MS	A	0.47%
HON	B	0.46%
T	A	0.45%
ETN	A	0.44%
PLD	D	0.42%
BSX	B	0.41%
ADP	B	0.4%
BA	F	0.38%
MELI	D	0.38%
DE	A	0.36%
UPS	C	0.35%
SO	D	0.35%
SCHW	B	0.33%
DUK	C	0.32%
EQIX	A	0.29%
NOC	D	0.29%
PNC	B	0.27%
PYPL	B	0.27%
ITW	B	0.27%
MMM	D	0.26%
MCO	B	0.26%
FDX	B	0.25%
FCX	D	0.25%
AON	A	0.24%
CSX	B	0.24%
MPC	D	0.23%
BDX	F	0.23%
PSX	C	0.22%
TFC	A	0.22%
EMR	A	0.22%
ECL	D	0.21%
NSC	B	0.2%
WMB	A	0.19%
OKE	A	0.18%
SRE	A	0.18%
CCI	D	0.18%
D	C	0.18%
URI	B	0.18%
BK	A	0.17%
VLO	C	0.17%
JCI	C	0.17%
LNG	B	0.16%
LHX	C	0.16%
KMI	A	0.15%
HES	B	0.15%
EXC	C	0.15%
F	C	0.15%
DD	D	0.14%
A	D	0.14%
HWM	A	0.14%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
ED	D	0.12%
KHC	F	0.12%
RCL	A	0.12%
AVB	B	0.11%
ROK	B	0.11%
VST	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
DVN	F	0.1%
WEC	A	0.1%
PPG	F	0.1%
BIIB	F	0.1%
PCG	A	0.09%
TROW	B	0.09%
IFF	D	0.09%
DAL	C	0.09%
SYF	B	0.08%
APTV	D	0.08%
SBAC	D	0.08%
PPL	B	0.08%
FE	C	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	D	0.08%
NRG	B	0.07%
EXPD	D	0.07%
CMS	C	0.07%
TSN	B	0.07%
BAH	F	0.07%
LH	C	0.07%
ILMN	D	0.07%
HBAN	A	0.07%
RF	A	0.07%
SWK	D	0.06%
LUV	C	0.06%
DGX	A	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	D	0.05%
AMH	D	0.05%
NI	A	0.05%
OC	A	0.05%
NDSN	B	0.05%
UAL	A	0.05%
LNT	A	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%
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 111 Positions Relative to ESGG

Symbol	Grade	Weight
BRK.A	B	-2.43%
AVGO	D	-2.36%
LLY	F	-2.0%
PG	A	-1.18%
COST	B	-0.83%
ADBE	C	-0.71%
AMD	F	-0.68%
CRM	B	-0.65%
ORCL	B	-0.6%
BLK	C	-0.59%
DIS	B	-0.58%
SONY	B	-0.57%
TJX	A	-0.55%
TXN	C	-0.55%
GS	A	-0.55%
SYK	C	-0.54%
CSCO	B	-0.48%
NVS	D	-0.48%
AMAT	F	-0.46%
ICE	C	-0.44%
NOW	A	-0.42%
INTU	C	-0.4%
HSBH	B	-0.4%
VRTX	F	-0.36%
TM	D	-0.34%
BKNG	A	-0.34%
MUFG	B	-0.33%
CRWD	B	-0.31%
UL	D	-0.31%
AMT	D	-0.27%
APO	B	-0.27%
ADSK	A	-0.27%
USB	A	-0.24%
SLB	C	-0.24%
SNPS	B	-0.24%
WELL	A	-0.23%
NXPI	D	-0.23%
ZTS	D	-0.23%
CTAS	B	-0.22%
GEHC	F	-0.21%
TGT	F	-0.2%
CBRE	B	-0.19%
LRCX	F	-0.19%
CMG	B	-0.17%
LULU	C	-0.15%
CL	D	-0.15%
KMB	D	-0.13%
DEO	F	-0.13%
HUBS	A	-0.13%
ROST	C	-0.13%
TD	F	-0.13%
LYG	F	-0.12%
VICI	C	-0.11%
GIS	D	-0.11%
BCS	C	-0.11%
IT	C	-0.11%
WDC	D	-0.1%
OMC	C	-0.1%
HMC	F	-0.1%
HPE	B	-0.1%
IRM	D	-0.1%
WSM	B	-0.1%
IQV	D	-0.1%
WTW	B	-0.09%
CTSH	B	-0.09%
E	F	-0.09%
NU	C	-0.09%
CNI	D	-0.09%
BBY	D	-0.08%
DFS	B	-0.08%
YUM	B	-0.08%
WY	D	-0.08%
AWK	D	-0.08%
TSCO	D	-0.08%
NTAP	C	-0.07%
DECK	A	-0.07%
CAH	B	-0.06%
CCEP	C	-0.06%
VTR	C	-0.06%
HOLX	D	-0.06%
GEN	B	-0.06%
CCL	B	-0.06%
BALL	D	-0.05%
XRX	F	-0.05%
STLA	F	-0.05%
ESS	B	-0.05%
ARE	D	-0.05%
EL	F	-0.04%
NVT	B	-0.04%
PNR	A	-0.04%
JBL	B	-0.04%
EXPE	B	-0.04%
MRNA	F	-0.03%
XPO	B	-0.03%
PSTG	D	-0.03%
AKAM	D	-0.03%
DOX	D	-0.03%
DPZ	C	-0.03%
SNAP	C	-0.03%
MRO	B	-0.03%
SMCI	F	-0.03%
FFIV	B	-0.03%
FDS	B	-0.03%
SUI	D	-0.03%
OKTA	C	-0.02%
HST	C	-0.02%
LOGI	D	-0.02%
AGCO	D	-0.02%
QGEN	D	-0.02%
DLTR	F	-0.02%
AEI	D	-0.01%