NACP vs. FUNL ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to CornerCap Fundametrics Large-Cap ETF FUNL (FUNL)

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

FUNL

CornerCap Fundametrics Large-Cap ETF FUNL

FUNL Description

The investment seeks long-term capital appreciation. The fund is an actively managed exchange traded fund (ETF) that invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative research system Fundametrics® developed by CornerCap Investment Counsel, Inc. (the Adviser). Under normal circumstances, it invests at least 80% of its net assets (plus borrowings for investment purposes) in the securities of large-capitalization companies.

Grade (RS Rating)

Last Trade

$44.48

Average Daily Volume

3,803

Number of Holdings ^*

159

* may have additional holdings in another (foreign) market

Performance

Period	NACP	FUNL
30 Days	2.08%	4.58%
60 Days	4.48%	6.44%
90 Days	6.57%	8.92%
12 Months	32.92%	27.56%

62 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in FUNL	Overlap
AMH	D	0.05%	0.16%	0.05%
APTV	D	0.08%	0.41%	0.08%
BAX	D	0.07%	0.64%	0.07%
BIIB	F	0.1%	0.64%	0.1%
BMY	B	0.35%	1.14%	0.35%
C	A	0.45%	1.06%	0.45%
CI	F	0.37%	0.66%	0.37%
CMI	A	0.15%	0.42%	0.15%
COP	C	0.49%	0.71%	0.49%
CSX	B	0.24%	0.73%	0.24%
CVX	A	1.04%	0.68%	0.68%
D	C	0.18%	0.41%	0.18%
DAL	C	0.09%	0.95%	0.09%
DD	D	0.14%	0.36%	0.14%
DELL	C	0.54%	0.4%	0.4%
DVN	F	0.1%	0.6%	0.1%
EA	A	0.45%	0.84%	0.45%
EBAY	D	0.11%	0.87%	0.11%
EIX	B	0.11%	0.36%	0.11%
ETR	B	0.08%	0.46%	0.08%
FDX	B	0.25%	0.74%	0.25%
GILD	C	0.35%	0.93%	0.35%
GOOGL	C	2.41%	0.81%	0.81%
HON	B	0.46%	0.39%	0.39%
JNJ	D	1.44%	1.91%	1.44%
JPM	A	2.39%	1.28%	1.28%
KHC	F	0.12%	0.55%	0.12%
KR	B	0.13%	0.39%	0.13%
MA	C	1.4%	0.78%	0.78%
MCO	B	0.26%	0.39%	0.26%
MDT	D	0.42%	0.31%	0.31%
MET	A	0.17%	0.78%	0.17%
META	D	3.63%	1.69%	1.69%
MMM	D	0.26%	0.79%	0.26%
MPC	D	0.23%	0.3%	0.23%
MRK	F	1.03%	1.2%	1.03%
MSFT	F	4.63%	0.71%	0.71%
MU	D	1.75%	0.5%	0.5%
NEE	D	0.66%	0.42%	0.42%
NEM	D	0.22%	0.65%	0.22%
NI	A	0.05%	0.38%	0.05%
NRG	B	0.07%	0.41%	0.07%
OC	A	0.05%	0.38%	0.05%
PCG	A	0.09%	0.82%	0.09%
PFE	D	0.62%	0.76%	0.62%
PFG	D	0.03%	0.68%	0.03%
PPG	F	0.1%	0.61%	0.1%
QCOM	F	3.18%	0.63%	0.63%
RF	A	0.07%	0.96%	0.07%
SBAC	D	0.08%	0.28%	0.08%
SCHW	B	0.33%	0.93%	0.33%
SPGI	C	0.55%	0.78%	0.55%
T	A	0.45%	0.42%	0.42%
TFC	A	0.22%	0.91%	0.22%
TROW	B	0.09%	0.81%	0.09%
TRV	B	0.18%	0.88%	0.18%
TSN	B	0.07%	0.39%	0.07%
TXT	D	0.06%	0.72%	0.06%
UPS	C	0.35%	0.69%	0.35%
V	A	1.53%	0.76%	0.76%
VST	B	0.11%	1.17%	0.11%
VZ	C	2.26%	0.84%	0.84%

NACP Overweight 135 Positions Relative to FUNL

Symbol	Grade	Weight
AAPL	C	5.03%
NVDA	C	4.9%
AMZN	C	4.47%
ACN	C	3.58%
IBM	C	3.08%
UBER	D	2.29%
TSLA	B	2.22%
GOOG	C	2.16%
XOM	B	2.0%
UNH	C	1.95%
PANW	C	1.81%
INTC	D	1.52%
ABBV	D	1.22%
KO	D	0.99%
BAC	A	0.99%
PEP	F	0.92%
TMO	F	0.83%
WMT	A	0.73%
ABT	B	0.69%
GE	D	0.69%
DHR	F	0.64%
HPQ	B	0.62%
AXP	A	0.56%
UNP	C	0.56%
LOW	D	0.51%
ELV	F	0.47%
MS	A	0.47%
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%
MDLZ	F	0.36%
NKE	D	0.36%
SO	D	0.35%
DUK	C	0.32%
EQIX	A	0.29%
TT	A	0.29%
NOC	D	0.29%
PNC	B	0.27%
CVS	D	0.27%
PYPL	B	0.27%
ITW	B	0.27%
FCX	D	0.25%
AON	A	0.24%
BDX	F	0.23%
PSX	C	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	A	0.18%
CCI	D	0.18%
GM	B	0.18%
URI	B	0.18%
BK	A	0.17%
VLO	C	0.17%
JCI	C	0.17%
HLT	A	0.17%
LNG	B	0.16%
IPG	D	0.16%
LHX	C	0.16%
KMI	A	0.15%
HES	B	0.15%
EXC	C	0.15%
EW	C	0.15%
F	C	0.15%
PEG	A	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%
XEL	A	0.12%
ED	D	0.12%
RCL	A	0.12%
AVB	B	0.11%
ROK	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
HSY	F	0.1%
WEC	A	0.1%
IFF	D	0.09%
SYF	B	0.08%
PPL	B	0.08%
FE	C	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	D	0.08%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
CLX	B	0.07%
BAH	F	0.07%
LH	C	0.07%
K	A	0.07%
ILMN	D	0.07%
HBAN	A	0.07%
SWK	D	0.06%
LUV	C	0.06%
DOC	D	0.06%
DGX	A	0.06%
HUBB	B	0.06%
SJM	D	0.05%
ACM	A	0.05%
NDSN	B	0.05%
UAL	A	0.05%
LNT	A	0.05%
AES	F	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%
TFX	F	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 97 Positions Relative to FUNL

Symbol	Grade	Weight
WFC	A	-1.84%
CSCO	B	-1.46%
DIS	B	-1.33%
CMCSA	B	-1.14%
DASH	A	-1.03%
BKNG	A	-1.03%
TEAM	A	-0.99%
TMUS	B	-0.98%
EXPE	B	-0.94%
HIG	B	-0.88%
NTRS	A	-0.88%
DOV	A	-0.87%
FNF	B	-0.86%
LDOS	C	-0.86%
USB	A	-0.81%
MRO	B	-0.81%
CAT	B	-0.81%
LMT	D	-0.81%
UHS	D	-0.81%
HCA	F	-0.79%
GIS	D	-0.79%
MO	A	-0.79%
RTX	C	-0.78%
NTAP	C	-0.77%
CTRA	B	-0.77%
EOG	A	-0.76%
FTV	C	-0.76%
PM	B	-0.75%
MAS	D	-0.74%
CRM	B	-0.74%
WTW	B	-0.74%
ZM	B	-0.73%
MSCI	C	-0.71%
AVY	D	-0.66%
KMB	D	-0.66%
SLB	C	-0.63%
HOLX	D	-0.63%
ULTA	F	-0.6%
TGT	F	-0.6%
SQ	B	-0.59%
LRCX	F	-0.59%
AMD	F	-0.59%
TPG	A	-0.55%
LYB	F	-0.53%
CNC	D	-0.53%
VRSN	F	-0.53%
APO	B	-0.51%
APP	B	-0.49%
AMAT	F	-0.49%
SNA	A	-0.45%
BKR	B	-0.45%
PNR	A	-0.44%
TJX	A	-0.43%
WAB	B	-0.43%
NOW	A	-0.41%
SSNC	B	-0.4%
DFS	B	-0.4%
LAMR	D	-0.39%
FR	C	-0.38%
CTVA	C	-0.38%
ELS	C	-0.37%
HD	A	-0.37%
BR	A	-0.37%
CEG	D	-0.37%
CTSH	B	-0.37%
DDOG	A	-0.36%
VEEV	C	-0.36%
BBY	D	-0.35%
OXY	D	-0.35%
CUBE	D	-0.35%
MAA	B	-0.35%
NNN	D	-0.35%
CRBG	B	-0.35%
WDAY	B	-0.35%
O	D	-0.34%
WMG	C	-0.34%
HST	C	-0.33%
TEVA	D	-0.33%
AMCR	D	-0.33%
GLPI	C	-0.33%
AIG	B	-0.32%
SYY	B	-0.32%
NBIX	C	-0.31%
ADBE	C	-0.31%
CAG	D	-0.3%
NXPI	D	-0.3%
TER	D	-0.29%
PINS	D	-0.26%
EL	F	-0.26%
AKAM	D	-0.26%
KIM	A	-0.19%
EQR	B	-0.18%
VICI	C	-0.18%
ADC	B	-0.17%
WPC	D	-0.17%
STAG	F	-0.15%
SOLV	C	-0.1%