NACP vs. JMOM ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to JPMorgan U.S. Momentum Factor ETF (JMOM)

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

JMOM

JPMorgan U.S. Momentum Factor ETF

JMOM Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Momentum Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent positive momentum factor characteristics.

Grade (RS Rating)

Last Trade

$60.97

Average Daily Volume

48,194

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

Performance

Period	NACP	JMOM
30 Days	2.08%	5.45%
60 Days	4.48%	7.40%
90 Days	6.57%	9.79%
12 Months	32.92%	41.42%

55 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in JMOM	Overlap
AAPL	C	5.03%	1.75%	1.75%
ABBV	D	1.22%	1.05%	1.05%
AMZN	C	4.47%	0.64%	0.64%
AXP	A	0.56%	0.72%	0.56%
BAH	F	0.07%	0.27%	0.07%
BK	A	0.17%	0.39%	0.17%
BSX	B	0.41%	0.6%	0.41%
COP	C	0.49%	0.59%	0.49%
DELL	C	0.54%	0.35%	0.35%
DHR	F	0.64%	0.62%	0.62%
ECL	D	0.21%	0.38%	0.21%
ED	D	0.12%	0.21%	0.12%
EQIX	A	0.29%	0.0%	0.0%
ETN	A	0.44%	0.69%	0.44%
FE	C	0.08%	0.1%	0.08%
GE	D	0.69%	0.84%	0.69%
GOOGL	C	2.41%	1.82%	1.82%
HLT	A	0.17%	0.4%	0.17%
HPQ	B	0.62%	0.2%	0.2%
HUBB	B	0.06%	0.29%	0.06%
HWM	A	0.14%	0.37%	0.14%
IBM	C	3.08%	0.8%	0.8%
IFF	D	0.09%	0.19%	0.09%
KO	D	0.99%	0.17%	0.17%
KR	B	0.13%	0.26%	0.13%
LII	A	0.07%	0.26%	0.07%
LOW	D	0.51%	0.34%	0.34%
META	D	3.63%	2.02%	2.02%
MPC	D	0.23%	0.35%	0.23%
MRK	F	1.03%	0.17%	0.17%
MSFT	F	4.63%	1.85%	1.85%
MU	D	1.75%	0.5%	0.5%
NI	A	0.05%	0.21%	0.05%
NRG	B	0.07%	0.27%	0.07%
NVDA	C	4.9%	2.48%	2.48%
PANW	C	1.81%	0.6%	0.6%
PEG	A	0.14%	0.06%	0.06%
PSX	C	0.22%	0.35%	0.22%
QCOM	F	3.18%	0.75%	0.75%
RCL	A	0.12%	0.44%	0.12%
SCCO	F	0.03%	0.2%	0.03%
SO	D	0.35%	0.19%	0.19%
SRE	A	0.18%	0.07%	0.07%
T	A	0.45%	0.22%	0.22%
TMO	F	0.83%	0.79%	0.79%
TT	A	0.29%	0.51%	0.29%
TXT	D	0.06%	0.18%	0.06%
UBER	D	2.29%	0.57%	0.57%
UNH	C	1.95%	1.34%	1.34%
URI	B	0.18%	0.4%	0.18%
USFD	A	0.04%	0.25%	0.04%
VLO	C	0.17%	0.25%	0.17%
VRSK	A	0.13%	0.1%	0.1%
VST	B	0.11%	0.49%	0.11%
WMB	A	0.19%	0.44%	0.19%

NACP Overweight 142 Positions Relative to JMOM

Symbol	Grade	Weight
ACN	C	3.58%
JPM	A	2.39%
VZ	C	2.26%
TSLA	B	2.22%
GOOG	C	2.16%
XOM	B	2.0%
V	A	1.53%
INTC	D	1.52%
JNJ	D	1.44%
MA	C	1.4%
CVX	A	1.04%
BAC	A	0.99%
PEP	F	0.92%
WMT	A	0.73%
ABT	B	0.69%
NEE	D	0.66%
PFE	D	0.62%
UNP	C	0.56%
SPGI	C	0.55%
ELV	F	0.47%
MS	A	0.47%
HON	B	0.46%
C	A	0.45%
EA	A	0.45%
MDT	D	0.42%
PLD	D	0.42%
ADP	B	0.4%
BA	F	0.38%
MELI	D	0.38%
CI	F	0.37%
DE	A	0.36%
MDLZ	F	0.36%
NKE	D	0.36%
BMY	B	0.35%
UPS	C	0.35%
GILD	C	0.35%
SCHW	B	0.33%
DUK	C	0.32%
NOC	D	0.29%
PNC	B	0.27%
CVS	D	0.27%
PYPL	B	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%
CSX	B	0.24%
BDX	F	0.23%
TFC	A	0.22%
NEM	D	0.22%
EMR	A	0.22%
NSC	B	0.2%
AEP	D	0.19%
MAR	B	0.19%
OKE	A	0.18%
TRV	B	0.18%
CCI	D	0.18%
D	C	0.18%
GM	B	0.18%
MET	A	0.17%
JCI	C	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%
A	D	0.14%
OTIS	C	0.13%
AME	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
KHC	F	0.12%
AVB	B	0.11%
ROK	B	0.11%
EBAY	D	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%
BIIB	F	0.1%
PCG	A	0.09%
TROW	B	0.09%
DAL	C	0.09%
SYF	B	0.08%
APTV	D	0.08%
SBAC	D	0.08%
PPL	B	0.08%
ETR	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	D	0.08%
EXPD	D	0.07%
CMS	C	0.07%
TSN	B	0.07%
CLX	B	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%
SJM	D	0.05%
AMH	D	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%
WBA	F	0.03%
BWA	D	0.03%
PFG	D	0.03%
MOS	F	0.03%
HRL	D	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 216 Positions Relative to JMOM

Symbol	Grade	Weight
AVGO	D	-2.21%
BRK.A	B	-1.78%
LLY	F	-1.57%
COST	B	-1.46%
HD	A	-1.39%
CRM	B	-1.26%
ORCL	B	-0.94%
NOW	A	-0.9%
NFLX	A	-0.83%
APP	B	-0.82%
CAT	B	-0.81%
ISRG	A	-0.8%
INTU	C	-0.79%
PM	B	-0.79%
TXN	C	-0.78%
AMD	F	-0.77%
PLTR	B	-0.74%
BKNG	A	-0.72%
MSTR	C	-0.67%
PGR	A	-0.67%
AMAT	F	-0.66%
SYK	C	-0.62%
TJX	A	-0.6%
TMUS	B	-0.59%
VRTX	F	-0.59%
KKR	A	-0.55%
ANET	C	-0.54%
GS	A	-0.54%
CB	C	-0.52%
ADI	D	-0.51%
CRWD	B	-0.5%
PH	A	-0.5%
MRVL	B	-0.48%
APH	A	-0.48%
SPOT	B	-0.47%
MCK	B	-0.47%
WM	A	-0.47%
MSI	B	-0.46%
WELL	A	-0.45%
KLAC	D	-0.44%
LRCX	F	-0.44%
DASH	A	-0.44%
COIN	C	-0.44%
VRT	B	-0.44%
CTAS	B	-0.44%
AXON	A	-0.43%
GD	F	-0.43%
FICO	B	-0.42%
CEG	D	-0.42%
TDG	D	-0.42%
AMP	A	-0.41%
CMG	B	-0.41%
CVNA	B	-0.4%
TTD	B	-0.4%
GWW	B	-0.39%
DLR	B	-0.39%
GEV	B	-0.39%
ORLY	B	-0.39%
PWR	A	-0.38%
CL	D	-0.38%
PCAR	B	-0.37%
SPG	B	-0.37%
AFL	B	-0.36%
NU	C	-0.36%
ROP	B	-0.36%
AJG	B	-0.36%
TRGP	B	-0.36%
AZO	C	-0.35%
ALL	A	-0.35%
CBRE	B	-0.34%
CPRT	A	-0.34%
IT	C	-0.33%
COR	B	-0.32%
GLW	B	-0.32%
EME	C	-0.32%
RSG	A	-0.32%
LDOS	C	-0.31%
XPO	B	-0.31%
ARES	A	-0.31%
COHR	B	-0.3%
GDDY	A	-0.3%
DECK	A	-0.29%
IRM	D	-0.29%
CW	B	-0.28%
ACGL	D	-0.28%
PTC	A	-0.28%
FANG	D	-0.28%
CAH	B	-0.28%
ICE	C	-0.28%
TYL	B	-0.27%
HIG	B	-0.27%
BRO	B	-0.27%
JEF	A	-0.27%
ALSN	B	-0.27%
PHM	D	-0.26%
ZS	C	-0.26%
EXP	A	-0.26%
DTM	B	-0.26%
VTR	C	-0.26%
NTAP	C	-0.26%
FFIV	B	-0.26%
GEN	B	-0.26%
GWRE	A	-0.26%
NTNX	A	-0.26%
WDC	D	-0.25%
MANH	D	-0.25%
STLD	B	-0.25%
IQV	D	-0.25%
FI	A	-0.25%
BWXT	B	-0.24%
RGA	A	-0.24%
EVR	B	-0.24%
TOL	B	-0.24%
CACI	D	-0.24%
IBKR	A	-0.24%
FTI	A	-0.24%
CBOE	B	-0.23%
PSN	D	-0.23%
HEI	B	-0.23%
SSNC	B	-0.23%
THC	D	-0.23%
CHD	B	-0.23%
SAIC	F	-0.22%
MPWR	F	-0.22%
CASY	A	-0.22%
FRPT	B	-0.22%
NVT	B	-0.22%
CNM	D	-0.21%
INGR	B	-0.21%
MOH	F	-0.21%
TPX	B	-0.21%
SN	D	-0.2%
HCA	F	-0.2%
LIN	D	-0.2%
DKS	C	-0.2%
R	B	-0.2%
JNPR	F	-0.2%
PSTG	D	-0.19%
ONTO	D	-0.19%
KD	B	-0.19%
AM	A	-0.19%
PG	A	-0.19%
UHS	D	-0.19%
WSO	A	-0.19%
TPR	B	-0.19%
HPE	B	-0.18%
POST	C	-0.18%
AN	C	-0.18%
GAP	C	-0.18%
MEDP	D	-0.18%
WING	D	-0.18%
DKNG	B	-0.18%
UNM	A	-0.17%
WLK	D	-0.16%
H	B	-0.16%
DHI	D	-0.16%
TSCO	D	-0.15%
BLD	D	-0.15%
CRUS	D	-0.15%
ROL	B	-0.15%
CRBG	B	-0.15%
AZEK	A	-0.15%
MTSI	B	-0.14%
ARMK	B	-0.14%
LOPE	B	-0.14%
TW	A	-0.14%
JLL	D	-0.13%
SNX	C	-0.13%
BRBR	A	-0.13%
EHC	B	-0.13%
ORI	A	-0.13%
TER	D	-0.12%
PAG	B	-0.12%
OHI	C	-0.12%
RPM	A	-0.12%
AVT	C	-0.12%
SPB	C	-0.11%
LPX	B	-0.11%
SNPS	B	-0.11%
MTG	C	-0.1%
ESS	B	-0.1%
PPC	C	-0.1%
VKTX	F	-0.1%
WFRD	D	-0.1%
HRB	D	-0.1%
VVV	F	-0.09%
LAMR	D	-0.09%
TPG	A	-0.09%
VLTO	D	-0.09%
ROIV	C	-0.09%
HII	D	-0.08%
INFA	D	-0.08%
SMCI	F	-0.08%
PRI	A	-0.08%
COKE	C	-0.08%
APPF	B	-0.08%
AGO	B	-0.07%
WSM	B	-0.07%
RS	B	-0.07%
OLED	D	-0.07%
FYBR	D	-0.06%
AWI	A	-0.06%
AYI	B	-0.06%
PNR	A	-0.06%
NSA	D	-0.05%
BSY	D	-0.05%
FCNCA	A	-0.05%
INVH	D	-0.04%
CXT	B	-0.04%
RYAN	B	-0.04%
SLM	A	-0.03%
BR	A	-0.02%
ESTC	C	-0.02%
TKR	D	-0.01%
STAG	F	-0.01%
MORN	B	-0.0%