NACP vs. IQQQ ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to ProShares Nasdaq-100 High Income ETF (IQQQ)

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

$41.24

Average Daily Volume

2,133

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

IQQQ

ProShares Nasdaq-100 High Income ETF

IQQQ Description

The index is designed to replicate the performance of an investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 Index call options. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. The fund is non-diversified. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.77

Average Daily Volume

43,334

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	IQQQ
30 Days	3.64%	3.93%
60 Days	5.52%	4.45%
90 Days	4.72%	1.52%
12 Months	34.73%

8 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in IQQQ	Overlap
AAPL	C	5.03%	8.76%	5.03%
AMZN	C	4.47%	4.45%	4.45%
GOOG	D	2.16%	2.28%	2.16%
GOOGL	D	2.41%	2.36%	2.36%
META	B	3.63%	4.49%	3.63%
MSFT	C	4.63%	7.63%	4.63%
NVDA	C	4.9%	7.19%	4.9%
TSLA	C	2.22%	2.48%	2.22%

NACP Overweight 188 Positions Relative to IQQQ

Symbol	Grade	Weight
ACN	C	3.58%
QCOM	D	3.18%
IBM	B	3.08%
JPM	D	2.39%
UBER	C	2.29%
VZ	A	2.26%
XOM	D	2.0%
UNH	C	1.95%
PANW	D	1.81%
MU	D	1.75%
V	C	1.53%
INTC	D	1.52%
JNJ	C	1.44%
MA	B	1.4%
ABBV	B	1.22%
CVX	F	1.04%
MRK	F	1.03%
KO	B	0.99%
BAC	D	0.99%
PEP	D	0.92%
TMO	B	0.83%
WMT	B	0.73%
ABT	C	0.69%
GE	C	0.69%
NEE	B	0.66%
DHR	B	0.64%
HPQ	C	0.62%
PFE	D	0.62%
AXP	B	0.56%
UNP	D	0.56%
SPGI	C	0.55%
DELL	C	0.54%
LOW	B	0.51%
COP	F	0.49%
ELV	D	0.47%
MS	B	0.47%
HON	C	0.46%
C	C	0.45%
EA	D	0.45%
T	B	0.45%
ETN	C	0.44%
MDT	B	0.42%
PLD	C	0.42%
BSX	B	0.41%
ADP	C	0.4%
BA	F	0.38%
MELI	C	0.38%
CI	C	0.37%
DE	A	0.36%
MDLZ	C	0.36%
NKE	D	0.36%
BMY	C	0.35%
UPS	D	0.35%
GILD	B	0.35%
SO	B	0.35%
SCHW	D	0.33%
DUK	B	0.32%
EQIX	B	0.29%
TT	B	0.29%
NOC	B	0.29%
PNC	C	0.27%
CVS	D	0.27%
PYPL	B	0.27%
ITW	B	0.27%
MMM	B	0.26%
MCO	C	0.26%
FDX	D	0.25%
FCX	C	0.25%
AON	B	0.24%
CSX	C	0.24%
MPC	F	0.23%
BDX	D	0.23%
PSX	F	0.22%
TFC	D	0.22%
NEM	C	0.22%
EMR	D	0.22%
ECL	B	0.21%
NSC	C	0.2%
WMB	C	0.19%
AEP	C	0.19%
MAR	B	0.19%
OKE	C	0.18%
SRE	B	0.18%
TRV	C	0.18%
CCI	C	0.18%
D	C	0.18%
GM	C	0.18%
URI	B	0.18%
MET	B	0.17%
BK	B	0.17%
VLO	F	0.17%
JCI	B	0.17%
HLT	B	0.17%
LNG	D	0.16%
IPG	C	0.16%
LHX	C	0.16%
KMI	C	0.15%
HES	F	0.15%
EXC	B	0.15%
CMI	B	0.15%
EW	F	0.15%
F	F	0.15%
DD	B	0.14%
PEG	B	0.14%
A	C	0.14%
HWM	B	0.14%
OTIS	B	0.13%
KR	B	0.13%
AME	C	0.13%
VRSK	D	0.13%
VMC	C	0.12%
IR	B	0.12%
MLM	D	0.12%
XEL	B	0.12%
ED	B	0.12%
KHC	C	0.12%
RCL	B	0.12%
AVB	C	0.11%
ROK	D	0.11%
EBAY	B	0.11%
VST	B	0.11%
EIX	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	C	0.11%
HSY	D	0.1%
DVN	F	0.1%
WEC	B	0.1%
PPG	C	0.1%
BIIB	F	0.1%
PCG	C	0.09%
TROW	C	0.09%
IFF	A	0.09%
DAL	C	0.09%
SYF	C	0.08%
APTV	D	0.08%
SBAC	C	0.08%
PPL	A	0.08%
FE	B	0.08%
ETR	A	0.08%
NDAQ	C	0.08%
DTE	A	0.08%
ES	B	0.08%
NRG	B	0.07%
LII	C	0.07%
EXPD	B	0.07%
CMS	B	0.07%
TSN	D	0.07%
CLX	C	0.07%
BAH	B	0.07%
BAX	C	0.07%
K	A	0.07%
ILMN	D	0.07%
HBAN	B	0.07%
RF	B	0.07%
SWK	B	0.06%
LUV	C	0.06%
DOC	B	0.06%
DGX	B	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	C	0.05%
AMH	D	0.05%
NI	B	0.05%
OC	C	0.05%
ACM	B	0.05%
NDSN	C	0.05%
UAL	B	0.05%
LNT	A	0.05%
AES	C	0.05%
JBHT	D	0.05%
BG	F	0.05%
CF	B	0.05%
CPB	C	0.04%
REG	C	0.04%
LECO	D	0.04%
TFX	B	0.04%
ALB	D	0.04%
EMN	B	0.04%
USFD	C	0.04%
WBA	F	0.03%
BWA	C	0.03%
SCCO	C	0.03%
PFG	B	0.03%
MOS	F	0.03%
HRL	F	0.03%
CNH	C	0.03%
TAP	D	0.03%

NACP Underweight 2 Positions Relative to IQQQ

	Symbol	Grade	Weight
	AVGO	C	-4.67%
	COST	C	-2.52%