NACP vs. FBCV ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Fidelity Blue Chip Value ETF (FBCV)

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

$42.98

Average Daily Volume

3,547

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

FBCV

Fidelity Blue Chip Value ETF

FBCV Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.00

Average Daily Volume

10,910

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	FBCV
30 Days	3.16%	4.71%
60 Days	4.10%	4.92%
90 Days	7.46%	6.10%
12 Months	33.96%	22.53%

33 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in FBCV	Overlap
AES	F	0.05%	0.56%	0.05%
BAC	A	0.99%	2.36%	0.99%
BMY	B	0.35%	1.7%	0.35%
CCI	D	0.18%	0.76%	0.18%
CF	B	0.05%	0.99%	0.05%
CI	D	0.37%	2.77%	0.37%
CMI	A	0.15%	0.41%	0.15%
CVS	D	0.27%	1.27%	0.27%
DE	B	0.36%	2.03%	0.36%
EIX	A	0.11%	1.5%	0.11%
ELV	F	0.47%	1.36%	0.47%
FDX	B	0.25%	0.91%	0.25%
GILD	B	0.35%	1.13%	0.35%
JCI	C	0.17%	0.76%	0.17%
JNJ	D	1.44%	1.78%	1.44%
JPM	B	2.39%	3.47%	2.39%
KO	D	0.99%	1.38%	0.99%
LHX	C	0.16%	0.64%	0.16%
LOW	C	0.51%	1.06%	0.51%
MDLZ	F	0.36%	0.74%	0.36%
MRK	F	1.03%	0.87%	0.87%
MU	D	1.75%	0.5%	0.5%
NEE	D	0.66%	0.67%	0.66%
NOC	D	0.29%	1.38%	0.29%
PCG	B	0.09%	2.45%	0.09%
PNC	A	0.27%	1.33%	0.27%
SO	D	0.35%	0.38%	0.35%
SRE	A	0.18%	0.83%	0.18%
TRV	B	0.18%	2.81%	0.18%
TSN	B	0.07%	0.72%	0.07%
UNH	B	1.95%	2.81%	1.95%
USFD	A	0.04%	1.0%	0.04%
XOM	C	2.0%	4.38%	2.0%

NACP Overweight 164 Positions Relative to FBCV

Symbol	Grade	Weight
AAPL	B	5.03%
NVDA	C	4.9%
MSFT	D	4.63%
AMZN	C	4.47%
META	D	3.63%
ACN	B	3.58%
QCOM	F	3.18%
IBM	C	3.08%
GOOGL	C	2.41%
UBER	D	2.29%
VZ	B	2.26%
TSLA	B	2.22%
GOOG	C	2.16%
PANW	C	1.81%
V	A	1.53%
INTC	C	1.52%
MA	B	1.4%
ABBV	D	1.22%
CVX	B	1.04%
PEP	F	0.92%
TMO	F	0.83%
WMT	B	0.73%
ABT	B	0.69%
GE	D	0.69%
DHR	D	0.64%
HPQ	B	0.62%
PFE	D	0.62%
AXP	A	0.56%
UNP	C	0.56%
SPGI	C	0.55%
DELL	C	0.54%
COP	D	0.49%
MS	B	0.47%
HON	B	0.46%
C	A	0.45%
EA	C	0.45%
T	A	0.45%
ETN	A	0.44%
MDT	D	0.42%
PLD	D	0.42%
BSX	C	0.41%
ADP	B	0.4%
BA	D	0.38%
MELI	C	0.38%
NKE	F	0.36%
UPS	C	0.35%
SCHW	A	0.33%
DUK	C	0.32%
EQIX	A	0.29%
TT	B	0.29%
PYPL	A	0.27%
ITW	A	0.27%
MMM	D	0.26%
MCO	A	0.26%
FCX	F	0.25%
AON	A	0.24%
CSX	B	0.24%
MPC	F	0.23%
BDX	F	0.23%
PSX	C	0.22%
TFC	B	0.22%
NEM	F	0.22%
EMR	A	0.22%
ECL	D	0.21%
NSC	A	0.2%
WMB	B	0.19%
AEP	D	0.19%
MAR	A	0.19%
OKE	C	0.18%
D	C	0.18%
GM	B	0.18%
URI	B	0.18%
MET	A	0.17%
BK	A	0.17%
VLO	C	0.17%
HLT	A	0.17%
LNG	B	0.16%
IPG	C	0.16%
KMI	B	0.15%
HES	C	0.15%
EXC	D	0.15%
EW	C	0.15%
F	C	0.15%
DD	D	0.14%
PEG	A	0.14%
A	D	0.14%
HWM	B	0.14%
OTIS	C	0.13%
KR	A	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	A	0.12%
MLM	B	0.12%
XEL	A	0.12%
ED	D	0.12%
KHC	D	0.12%
RCL	B	0.12%
AVB	B	0.11%
ROK	B	0.11%
EBAY	C	0.11%
VST	B	0.11%
ADM	F	0.11%
RMD	C	0.11%
XYL	D	0.11%
HSY	F	0.1%
DVN	F	0.1%
WEC	A	0.1%
PPG	D	0.1%
BIIB	F	0.1%
TROW	A	0.09%
IFF	D	0.09%
DAL	B	0.09%
SYF	A	0.08%
APTV	F	0.08%
SBAC	D	0.08%
PPL	B	0.08%
FE	D	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	D	0.08%
NRG	C	0.07%
LII	A	0.07%
EXPD	C	0.07%
CMS	C	0.07%
CLX	C	0.07%
BAH	F	0.07%
BAX	F	0.07%
LH	B	0.07%
K	A	0.07%
ILMN	C	0.07%
HBAN	B	0.07%
RF	B	0.07%
SWK	D	0.06%
LUV	B	0.06%
DOC	C	0.06%
DGX	B	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	D	0.05%
AMH	C	0.05%
NI	A	0.05%
OC	B	0.05%
ACM	A	0.05%
NDSN	B	0.05%
UAL	B	0.05%
LNT	A	0.05%
JBHT	C	0.05%
BG	F	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%
WBA	D	0.03%
BWA	C	0.03%
SCCO	F	0.03%
PFG	C	0.03%
MOS	F	0.03%
HRL	D	0.03%
CNH	A	0.03%
TAP	C	0.03%

NACP Underweight 51 Positions Relative to FBCV

Symbol	Grade	Weight
CMCSA	C	-2.85%
BRK.A	B	-2.65%
DIS	B	-2.37%
CSCO	A	-2.17%
CNC	F	-2.14%
BLK	C	-2.06%
KVUE	A	-1.98%
AZN	F	-1.83%
CB	D	-1.75%
HRB	D	-1.7%
WFC	A	-1.64%
CTSH	B	-1.35%
GEN	A	-1.35%
PG	A	-1.26%
LMT	D	-1.24%
WTW	B	-1.23%
KDP	D	-1.2%
DOX	D	-1.13%
NGG	D	-1.11%
PNR	B	-1.1%
HLN	D	-0.98%
ROST	C	-0.97%
MTB	B	-0.96%
USB	A	-0.87%
NTRS	A	-0.86%
APO	A	-0.77%
CCEP	B	-0.74%
CCK	D	-0.73%
RRX	A	-0.69%
EQNR	D	-0.66%
BJ	B	-0.63%
DEO	F	-0.62%
MMS	F	-0.59%
OXY	F	-0.49%
SPG	C	-0.45%
MUSA	B	-0.39%
CHRW	C	-0.38%
G	B	-0.32%
TPR	A	-0.31%
ALSN	B	-0.3%
SNY	F	-0.3%
OVV	C	-0.28%
OTEX	F	-0.28%
GEV	C	-0.26%
BNTX	C	-0.26%
CFR	B	-0.21%
OSK	B	-0.16%
NXPI	D	-0.15%
AVGO	D	-0.14%
AR	B	-0.12%
ULTA	F	-0.1%