NACP vs. JEPQ ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ)

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

JEPQ

J.P. Morgan Nasdaq Equity Premium Income ETF

JEPQ Description

J.P. Morgan Nasdaq Equity Premium Income ETF its a fund to list on the Nasdaq, is an active equity ETF that seeks to deliver an attractive distributable yield while also delivering a significant portion of the returns associated with the fund’s primary benchmark, the Nasdaq-100 Index, with less volatility. This Fund was built for investors that are seeking income while also owning companies that provide exposure to Nasdaq's innovative marketplace. This strategy benefits from the intentionality of an active manager while being delivered through the ETF technology.

Grade (RS Rating)

Last Trade

$56.57

Average Daily Volume

3,052,605

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	JEPQ
30 Days	2.08%	3.94%
60 Days	4.48%	5.67%
90 Days	6.57%	8.10%
12 Months	32.92%	24.97%

36 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in JEPQ	Overlap
AAPL	C	5.03%	7.24%	5.03%
ABBV	D	1.22%	0.43%	0.43%
AMZN	C	4.47%	4.57%	4.47%
BIIB	F	0.1%	0.21%	0.1%
BMY	B	0.35%	0.28%	0.28%
CSX	B	0.24%	0.6%	0.24%
DE	A	0.36%	0.26%	0.26%
ETN	A	0.44%	0.43%	0.43%
GOOG	C	2.16%	3.99%	2.16%
HON	B	0.46%	0.71%	0.46%
INTC	D	1.52%	0.34%	0.34%
KHC	F	0.12%	0.26%	0.12%
KO	D	0.99%	0.42%	0.42%
LOW	D	0.51%	0.42%	0.42%
MA	C	1.4%	0.32%	0.32%
MAR	B	0.19%	0.57%	0.19%
MDLZ	F	0.36%	0.62%	0.36%
MELI	D	0.38%	0.59%	0.38%
META	D	3.63%	4.21%	3.63%
MSFT	F	4.63%	6.49%	4.63%
MU	D	1.75%	0.69%	0.69%
NEE	D	0.66%	0.34%	0.34%
NVDA	C	4.9%	7.42%	4.9%
PANW	C	1.81%	0.96%	0.96%
PEP	F	0.92%	0.74%	0.74%
PLD	D	0.42%	0.2%	0.2%
PYPL	B	0.27%	0.26%	0.26%
QCOM	F	3.18%	0.9%	0.9%
SO	D	0.35%	0.33%	0.33%
TMO	F	0.83%	0.22%	0.22%
TSLA	B	2.22%	3.11%	2.22%
UBER	D	2.29%	0.25%	0.25%
UNH	C	1.95%	0.33%	0.33%
UPS	C	0.35%	0.16%	0.16%
VRSK	A	0.13%	0.4%	0.13%
XEL	A	0.12%	0.35%	0.12%

NACP Overweight 161 Positions Relative to JEPQ

Symbol	Grade	Weight
ACN	C	3.58%
IBM	C	3.08%
GOOGL	C	2.41%
JPM	A	2.39%
VZ	C	2.26%
XOM	B	2.0%
V	A	1.53%
JNJ	D	1.44%
CVX	A	1.04%
MRK	F	1.03%
BAC	A	0.99%
WMT	A	0.73%
ABT	B	0.69%
GE	D	0.69%
DHR	F	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	C	0.49%
ELV	F	0.47%
MS	A	0.47%
C	A	0.45%
EA	A	0.45%
T	A	0.45%
MDT	D	0.42%
BSX	B	0.41%
ADP	B	0.4%
BA	F	0.38%
CI	F	0.37%
NKE	D	0.36%
GILD	C	0.35%
SCHW	B	0.33%
DUK	C	0.32%
EQIX	A	0.29%
TT	A	0.29%
NOC	D	0.29%
PNC	B	0.27%
CVS	D	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%
MPC	D	0.23%
BDX	F	0.23%
PSX	C	0.22%
TFC	A	0.22%
NEM	D	0.22%
EMR	A	0.22%
ECL	D	0.21%
NSC	B	0.2%
WMB	A	0.19%
AEP	D	0.19%
OKE	A	0.18%
SRE	A	0.18%
TRV	B	0.18%
CCI	D	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%
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%
CMI	A	0.15%
EW	C	0.15%
F	C	0.15%
DD	D	0.14%
PEG	A	0.14%
A	D	0.14%
HWM	A	0.14%
OTIS	C	0.13%
KR	B	0.13%
AME	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
ED	D	0.12%
RCL	A	0.12%
AVB	B	0.11%
ROK	B	0.11%
EBAY	D	0.11%
VST	B	0.11%
EIX	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
HSY	F	0.1%
DVN	F	0.1%
WEC	A	0.1%
PPG	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%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
TSN	B	0.07%
CLX	B	0.07%
BAH	F	0.07%
BAX	D	0.07%
LH	C	0.07%
K	A	0.07%
ILMN	D	0.07%
HBAN	A	0.07%
RF	A	0.07%
SWK	D	0.06%
LUV	C	0.06%
DOC	D	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%
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%
PFG	D	0.03%
MOS	F	0.03%
HRL	D	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 53 Positions Relative to JEPQ

Symbol	Grade	Weight
AVGO	D	-3.5%
NFLX	A	-2.15%
COST	B	-1.62%
AMD	F	-1.35%
INTU	C	-1.34%
BKNG	A	-1.3%
ISRG	A	-1.26%
TMUS	B	-1.17%
CMCSA	B	-1.04%
ADBE	C	-1.04%
CSCO	B	-0.99%
LIN	D	-0.92%
TXN	C	-0.88%
ADI	D	-0.88%
VRTX	F	-0.84%
SNPS	B	-0.77%
LRCX	F	-0.7%
REGN	F	-0.67%
ORLY	B	-0.63%
NXPI	D	-0.6%
MRVL	B	-0.59%
CPRT	A	-0.55%
ASML	F	-0.48%
CRWD	B	-0.47%
AMAT	F	-0.47%
NOW	A	-0.42%
ORCL	B	-0.41%
SBUX	A	-0.4%
AMGN	D	-0.39%
TTWO	A	-0.38%
CMG	B	-0.38%
MNST	C	-0.38%
STZ	D	-0.3%
HUBS	A	-0.3%
FANG	D	-0.29%
STX	D	-0.28%
CHTR	C	-0.27%
DXCM	D	-0.27%
APP	B	-0.24%
DASH	A	-0.24%
CPAY	A	-0.24%
WDAY	B	-0.23%
ROST	C	-0.21%
MDB	C	-0.16%
TER	D	-0.16%
TTD	B	-0.15%
CTSH	B	-0.13%
ABNB	C	-0.12%
LULU	C	-0.1%
ANSS	B	-0.09%
PDD	F	-0.07%
SMCI	F	-0.03%
DLTR	F	-0.0%