NACP vs. FDRR ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Fidelity Dividend ETF for Rising Rates (FDRR)

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

$41.34

Average Daily Volume

3,508

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$51.31

Average Daily Volume

20,675

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	NACP	FDRR
30 Days	4.72%	3.20%
60 Days	11.57%	10.91%
90 Days	3.46%	5.68%
12 Months	35.78%	33.85%

54 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in FDRR	Overlap
AAPL	C	5.03%	7.5%	5.03%
ABBV	C	1.22%	1.47%	1.22%
AEP	C	0.19%	0.3%	0.19%
BAC	B	0.99%	1.2%	0.99%
BMY	A	0.35%	0.93%	0.35%
C	B	0.45%	0.88%	0.45%
CCI	D	0.18%	0.29%	0.18%
COP	D	0.49%	0.4%	0.4%
CVS	D	0.27%	0.74%	0.27%
CVX	B	1.04%	0.66%	0.66%
D	A	0.18%	0.28%	0.18%
DE	C	0.36%	0.71%	0.36%
DELL	C	0.54%	1.3%	0.54%
DUK	C	0.32%	0.34%	0.32%
DVN	F	0.1%	0.21%	0.1%
EA	D	0.45%	0.55%	0.45%
EIX	C	0.11%	0.26%	0.11%
EXC	C	0.15%	0.25%	0.15%
F	D	0.15%	0.55%	0.15%
FCX	B	0.25%	0.29%	0.25%
GE	B	0.69%	1.04%	0.69%
GM	D	0.18%	0.74%	0.18%
HON	C	0.46%	0.75%	0.46%
HPQ	B	0.62%	1.18%	0.62%
IBM	A	3.08%	1.44%	1.44%
IFF	D	0.09%	0.21%	0.09%
IPG	D	0.16%	0.46%	0.16%
JNJ	D	1.44%	1.44%	1.44%
JPM	C	2.39%	1.85%	1.85%
KO	C	0.99%	0.96%	0.96%
LOW	C	0.51%	0.96%	0.51%
MAR	A	0.19%	0.67%	0.19%
MOS	F	0.03%	0.13%	0.03%
MRK	F	1.03%	1.16%	1.03%
MS	A	0.47%	0.95%	0.47%
MSFT	D	4.63%	6.95%	4.63%
NEE	C	0.66%	0.54%	0.54%
NEM	C	0.22%	0.3%	0.22%
NKE	D	0.36%	0.68%	0.36%
NVDA	B	4.9%	7.35%	4.9%
PEP	F	0.92%	0.8%	0.8%
PFE	D	0.62%	1.04%	0.62%
PLD	D	0.42%	0.39%	0.39%
PNC	C	0.27%	0.88%	0.27%
SO	A	0.35%	0.38%	0.35%
T	B	0.45%	0.86%	0.45%
TFC	D	0.22%	0.79%	0.22%
UNH	B	1.95%	1.81%	1.81%
UNP	F	0.56%	0.75%	0.56%
UPS	D	0.35%	0.64%	0.35%
V	B	1.53%	1.4%	1.4%
VZ	C	2.26%	0.84%	0.84%
WBA	F	0.03%	0.15%	0.03%
XOM	A	2.0%	1.08%	1.08%

NACP Overweight 142 Positions Relative to FDRR

Symbol	Grade	Weight
AMZN	C	4.47%
META	A	3.63%
ACN	B	3.58%
QCOM	D	3.18%
GOOGL	B	2.41%
UBER	C	2.29%
TSLA	C	2.22%
GOOG	B	2.16%
PANW	B	1.81%
MU	D	1.75%
INTC	D	1.52%
MA	A	1.4%
TMO	D	0.83%
WMT	A	0.73%
ABT	C	0.69%
DHR	D	0.64%
AXP	A	0.56%
SPGI	C	0.55%
ELV	F	0.47%
ETN	B	0.44%
MDT	C	0.42%
BSX	A	0.41%
ADP	A	0.4%
BA	F	0.38%
MELI	D	0.38%
CI	D	0.37%
MDLZ	D	0.36%
GILD	A	0.35%
SCHW	D	0.33%
EQIX	C	0.29%
TT	A	0.29%
NOC	B	0.29%
PYPL	A	0.27%
ITW	C	0.27%
MMM	C	0.26%
MCO	D	0.26%
FDX	F	0.25%
AON	A	0.24%
CSX	D	0.24%
MPC	D	0.23%
BDX	C	0.23%
PSX	D	0.22%
EMR	B	0.22%
ECL	C	0.21%
NSC	C	0.2%
WMB	A	0.19%
OKE	A	0.18%
SRE	C	0.18%
TRV	B	0.18%
URI	C	0.18%
MET	A	0.17%
BK	A	0.17%
VLO	F	0.17%
JCI	C	0.17%
HLT	A	0.17%
LNG	A	0.16%
LHX	A	0.16%
KMI	A	0.15%
HES	D	0.15%
CMI	A	0.15%
EW	F	0.15%
DD	C	0.14%
PEG	A	0.14%
A	B	0.14%
HWM	A	0.14%
OTIS	A	0.13%
KR	C	0.13%
AME	C	0.13%
VRSK	D	0.13%
VMC	D	0.12%
IR	A	0.12%
MLM	F	0.12%
XEL	C	0.12%
ED	C	0.12%
KHC	F	0.12%
RCL	B	0.12%
AVB	C	0.11%
ROK	D	0.11%
EBAY	A	0.11%
VST	A	0.11%
ADM	F	0.11%
RMD	C	0.11%
XYL	C	0.11%
HSY	D	0.1%
WEC	B	0.1%
PPG	D	0.1%
BIIB	F	0.1%
PCG	C	0.09%
TROW	D	0.09%
DAL	C	0.09%
SYF	A	0.08%
APTV	D	0.08%
SBAC	C	0.08%
PPL	C	0.08%
FE	C	0.08%
ETR	A	0.08%
NDAQ	C	0.08%
DTE	B	0.08%
ES	D	0.08%
NRG	A	0.07%
LII	C	0.07%
EXPD	D	0.07%
CMS	A	0.07%
TSN	D	0.07%
CLX	C	0.07%
BAH	C	0.07%
BAX	D	0.07%
K	B	0.07%
ILMN	B	0.07%
HBAN	B	0.07%
RF	B	0.07%
SWK	C	0.06%
LUV	B	0.06%
DOC	C	0.06%
DGX	D	0.06%
HUBB	A	0.06%
TXT	F	0.06%
SJM	D	0.05%
AMH	D	0.05%
NI	A	0.05%
OC	C	0.05%
ACM	A	0.05%
NDSN	C	0.05%
UAL	A	0.05%
LNT	B	0.05%
AES	C	0.05%
JBHT	D	0.05%
BG	F	0.05%
CF	A	0.05%
CPB	D	0.04%
REG	C	0.04%
LECO	D	0.04%
TFX	C	0.04%
ALB	D	0.04%
EMN	C	0.04%
USFD	C	0.04%
BWA	C	0.03%
SCCO	B	0.03%
PFG	A	0.03%
HRL	F	0.03%
CNH	C	0.03%
TAP	D	0.03%

NACP Underweight 47 Positions Relative to FDRR

Symbol	Grade	Weight
AVGO	B	-2.71%
LLY	D	-2.25%
TXN	C	-1.52%
HD	A	-1.37%
CSCO	A	-1.36%
PG	D	-1.17%
GS	B	-1.06%
WFC	B	-1.06%
MCD	A	-0.97%
CAT	A	-0.97%
RTX	A	-0.95%
BX	C	-0.92%
TJX	D	-0.91%
LMT	A	-0.88%
PM	D	-0.83%
USB	C	-0.79%
SBUX	B	-0.78%
BBY	C	-0.78%
CME	A	-0.77%
CMCSA	B	-0.73%
TKO	A	-0.68%
FOXA	B	-0.63%
MO	D	-0.62%
LIN	C	-0.58%
OMC	C	-0.57%
PCAR	D	-0.55%
NYT	C	-0.54%
NWSA	D	-0.52%
NXST	D	-0.44%
WMG	D	-0.4%
TRGP	A	-0.37%
GEV	A	-0.35%
PARA	F	-0.34%
EOG	B	-0.33%
PSA	C	-0.33%
SPG	A	-0.32%
APD	C	-0.27%
VICI	C	-0.26%
OHI	C	-0.26%
WY	C	-0.23%
GLPI	C	-0.22%
IP	C	-0.21%
DOW	B	-0.2%
WPC	C	-0.2%
AMCR	C	-0.18%
LYB	B	-0.17%
CIVI	F	-0.15%