NACP vs. PALC ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC)

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

PALC

Pacer Lunt Large Cap Multi-Factor Alternator ETF

PALC Description

The investment seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of its underlying index or in one or more ETFs that track the performance of all or a portion of such component securities in the same approximate proportion as in the fund’s underlying index. The index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$52.39

Average Daily Volume

19,012

Number of Holdings ^*

181

* may have additional holdings in another (foreign) market

Performance

Period	NACP	PALC
30 Days	2.08%	4.42%
60 Days	4.48%	6.04%
90 Days	6.57%	8.35%
12 Months	32.92%	36.24%

74 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in PALC	Overlap
ABBV	D	1.22%	0.38%	0.38%
ABT	B	0.69%	0.45%	0.45%
ADP	B	0.4%	0.52%	0.4%
AES	F	0.05%	0.12%	0.05%
ALB	C	0.04%	0.08%	0.04%
AME	A	0.13%	0.79%	0.13%
AON	A	0.24%	1.03%	0.24%
AVB	B	0.11%	0.45%	0.11%
BA	F	0.38%	0.7%	0.38%
BAC	A	0.99%	1.98%	0.99%
BIIB	F	0.1%	0.15%	0.1%
BK	A	0.17%	0.88%	0.17%
C	A	0.45%	1.01%	0.45%
CCI	D	0.18%	0.33%	0.18%
CMS	C	0.07%	0.55%	0.07%
CSX	B	0.24%	0.48%	0.24%
DGX	A	0.06%	0.44%	0.06%
DUK	C	0.32%	0.47%	0.32%
EA	A	0.45%	0.49%	0.45%
ECL	D	0.21%	0.44%	0.21%
ED	D	0.12%	0.42%	0.12%
EIX	B	0.11%	0.18%	0.11%
ELV	F	0.47%	0.32%	0.32%
ES	D	0.08%	0.12%	0.08%
ETR	B	0.08%	0.54%	0.08%
F	C	0.15%	0.26%	0.15%
FE	C	0.08%	0.54%	0.08%
HLT	A	0.17%	1.04%	0.17%
HON	B	0.46%	0.58%	0.46%
HPQ	B	0.62%	0.3%	0.3%
HUBB	B	0.06%	0.15%	0.06%
ITW	B	0.27%	0.55%	0.27%
JNJ	D	1.44%	0.49%	0.49%
JPM	A	2.39%	3.26%	2.39%
KMI	A	0.15%	0.61%	0.15%
KO	D	0.99%	0.56%	0.56%
LH	C	0.07%	0.45%	0.07%
LHX	C	0.16%	0.31%	0.16%
LNT	A	0.05%	0.45%	0.05%
LOW	D	0.51%	1.55%	0.51%
MA	C	1.4%	0.58%	0.58%
MAR	B	0.19%	0.65%	0.19%
MDLZ	F	0.36%	0.43%	0.36%
MDT	D	0.42%	0.44%	0.42%
MET	A	0.17%	0.77%	0.17%
MS	A	0.47%	1.36%	0.47%
NDSN	B	0.05%	0.11%	0.05%
NEE	D	0.66%	0.92%	0.66%
NEM	D	0.22%	0.39%	0.22%
NI	A	0.05%	0.09%	0.05%
OKE	A	0.18%	1.07%	0.18%
OTIS	C	0.13%	0.87%	0.13%
PCG	A	0.09%	0.24%	0.09%
PEG	A	0.14%	0.47%	0.14%
PEP	F	0.92%	0.45%	0.45%
PFE	D	0.62%	0.9%	0.62%
PFG	D	0.03%	0.49%	0.03%
PPG	F	0.1%	0.43%	0.1%
PPL	B	0.08%	0.48%	0.08%
RCL	A	0.12%	0.25%	0.12%
RMD	C	0.11%	0.22%	0.11%
SBAC	D	0.08%	0.31%	0.08%
SO	D	0.35%	0.45%	0.35%
SPGI	C	0.55%	0.47%	0.47%
SRE	A	0.18%	0.49%	0.18%
TFC	A	0.22%	0.34%	0.22%
TSLA	B	2.22%	3.78%	2.22%
UAL	A	0.05%	0.15%	0.05%
UNP	C	0.56%	0.46%	0.46%
V	A	1.53%	0.65%	0.65%
WEC	A	0.1%	0.45%	0.1%
WMB	A	0.19%	0.59%	0.19%
WMT	A	0.73%	0.59%	0.59%
XYL	D	0.11%	0.23%	0.11%

NACP Overweight 123 Positions Relative to PALC

Symbol	Grade	Weight
AAPL	C	5.03%
NVDA	C	4.9%
MSFT	F	4.63%
AMZN	C	4.47%
META	D	3.63%
ACN	C	3.58%
QCOM	F	3.18%
IBM	C	3.08%
GOOGL	C	2.41%
UBER	D	2.29%
VZ	C	2.26%
GOOG	C	2.16%
XOM	B	2.0%
UNH	C	1.95%
PANW	C	1.81%
MU	D	1.75%
INTC	D	1.52%
CVX	A	1.04%
MRK	F	1.03%
TMO	F	0.83%
GE	D	0.69%
DHR	F	0.64%
AXP	A	0.56%
DELL	C	0.54%
COP	C	0.49%
T	A	0.45%
ETN	A	0.44%
PLD	D	0.42%
BSX	B	0.41%
MELI	D	0.38%
CI	F	0.37%
DE	A	0.36%
NKE	D	0.36%
BMY	B	0.35%
UPS	C	0.35%
GILD	C	0.35%
SCHW	B	0.33%
EQIX	A	0.29%
TT	A	0.29%
NOC	D	0.29%
PNC	B	0.27%
CVS	D	0.27%
PYPL	B	0.27%
MMM	D	0.26%
MCO	B	0.26%
FDX	B	0.25%
FCX	D	0.25%
MPC	D	0.23%
BDX	F	0.23%
PSX	C	0.22%
EMR	A	0.22%
NSC	B	0.2%
AEP	D	0.19%
TRV	B	0.18%
D	C	0.18%
GM	B	0.18%
URI	B	0.18%
VLO	C	0.17%
JCI	C	0.17%
LNG	B	0.16%
IPG	D	0.16%
HES	B	0.15%
EXC	C	0.15%
CMI	A	0.15%
EW	C	0.15%
DD	D	0.14%
A	D	0.14%
HWM	A	0.14%
KR	B	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
KHC	F	0.12%
ROK	B	0.11%
EBAY	D	0.11%
VST	B	0.11%
ADM	D	0.11%
HSY	F	0.1%
DVN	F	0.1%
TROW	B	0.09%
IFF	D	0.09%
DAL	C	0.09%
SYF	B	0.08%
APTV	D	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
TSN	B	0.07%
CLX	B	0.07%
BAH	F	0.07%
BAX	D	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%
TXT	D	0.06%
SJM	D	0.05%
AMH	D	0.05%
OC	A	0.05%
ACM	A	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%
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 107 Positions Relative to PALC

Symbol	Grade	Weight
MCD	D	-2.85%
PM	B	-2.49%
ORCL	B	-2.07%
GS	A	-1.96%
AMGN	D	-1.64%
WFC	A	-1.42%
MO	A	-1.39%
BKNG	A	-1.25%
MCK	B	-1.17%
SBUX	A	-1.13%
YUM	B	-0.89%
AMT	D	-0.86%
TDG	D	-0.76%
TMUS	B	-0.72%
HCA	F	-0.69%
BRK.A	B	-0.69%
ORLY	B	-0.69%
MSCI	C	-0.65%
VRTX	F	-0.64%
FI	A	-0.64%
VRSN	F	-0.63%
AMP	A	-0.62%
RSG	A	-0.6%
L	A	-0.6%
FTNT	C	-0.57%
FICO	B	-0.57%
MMC	B	-0.56%
MSI	B	-0.56%
ATO	A	-0.55%
AZO	C	-0.55%
CSCO	B	-0.55%
TJX	A	-0.55%
PG	A	-0.54%
IEX	B	-0.53%
ROP	B	-0.53%
CB	C	-0.51%
PKG	A	-0.51%
CME	A	-0.51%
LIN	D	-0.51%
HIG	B	-0.5%
ICE	C	-0.5%
PRU	A	-0.5%
COR	B	-0.49%
WM	A	-0.49%
PAYX	C	-0.49%
CTAS	B	-0.49%
CL	D	-0.49%
WELL	A	-0.48%
CHD	B	-0.48%
COST	B	-0.48%
DRI	B	-0.48%
AJG	B	-0.47%
AIG	B	-0.47%
OMC	C	-0.47%
BRO	B	-0.47%
AVY	D	-0.46%
BR	A	-0.46%
AFL	B	-0.46%
GD	F	-0.46%
EVRG	A	-0.44%
STZ	D	-0.44%
LMT	D	-0.44%
KDP	D	-0.42%
KMB	D	-0.42%
APD	A	-0.42%
SYY	B	-0.41%
HOLX	D	-0.41%
CBOE	B	-0.4%
GIS	D	-0.39%
LYB	F	-0.37%
DOW	F	-0.35%
CPRT	A	-0.34%
SPG	B	-0.34%
REGN	F	-0.33%
CHTR	C	-0.29%
CAH	B	-0.26%
TTWO	A	-0.24%
TRGP	B	-0.23%
MTD	D	-0.23%
LYV	A	-0.2%
STT	A	-0.18%
MAS	D	-0.17%
WAT	B	-0.15%
DPZ	C	-0.14%
VTR	C	-0.14%
PTC	A	-0.13%
TRMB	B	-0.13%
STX	D	-0.13%
EQT	B	-0.13%
CCL	B	-0.12%
KEY	B	-0.11%
NTRS	A	-0.11%
EL	F	-0.1%
WYNN	D	-0.1%
AKAM	D	-0.09%
MGM	D	-0.08%
BXP	D	-0.08%
MTCH	D	-0.08%
LKQ	D	-0.07%
KMX	B	-0.07%
LW	C	-0.07%
HSIC	B	-0.06%
NCLH	B	-0.06%
TECH	D	-0.06%
CZR	F	-0.05%
CTLT	B	-0.05%
FMC	D	-0.04%