NACP vs. PFM ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to PowerShares Dividend Achievers (PFM)
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
PFM

PowerShares Dividend Achievers

PFM Description The PowerShares Dividend AchieversTM Portfolio (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend AchieversTM Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Broad Dividend Achievers Index to NASDAQ US Broad Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$47.68

Average Daily Volume

24,412

Number of Holdings *

416

* may have additional holdings in another (foreign) market
Performance
Period NACP PFM
30 Days 2.08% 2.19%
60 Days 4.48% 2.87%
90 Days 6.57% 5.56%
12 Months 32.92% 26.89%
102 Overlapping Holdings
Symbol Grade Weight in NACP Weight in PFM Overlap
A D 0.14% 0.16% 0.14%
AAPL C 5.03% 3.9% 3.9%
ABBV D 1.22% 1.27% 1.22%
ABT B 0.69% 0.88% 0.69%
ACN C 3.58% 0.95% 0.95%
ADM D 0.11% 0.11% 0.11%
ADP B 0.4% 0.53% 0.4%
AEP D 0.19% 0.22% 0.19%
AES F 0.05% 0.04% 0.04%
ALB C 0.04% 0.05% 0.04%
AON A 0.24% 0.36% 0.24%
BAC A 0.99% 1.56% 0.99%
BAH F 0.07% 0.08% 0.07%
BDX F 0.23% 0.28% 0.23%
BK A 0.17% 0.25% 0.17%
BMY B 0.35% 0.5% 0.35%
CLX B 0.07% 0.09% 0.07%
CMI A 0.15% 0.21% 0.15%
CMS C 0.07% 0.09% 0.07%
CSX B 0.24% 0.29% 0.24%
CVX A 1.04% 1.27% 1.04%
DGX A 0.06% 0.08% 0.06%
DHR F 0.64% 0.72% 0.64%
DTE C 0.08% 0.11% 0.08%
DUK C 0.32% 0.38% 0.32%
ECL D 0.21% 0.3% 0.21%
ED D 0.12% 0.14% 0.12%
EIX B 0.11% 0.14% 0.11%
ELV F 0.47% 0.4% 0.4%
EMN D 0.04% 0.05% 0.04%
EMR A 0.22% 0.32% 0.22%
ES D 0.08% 0.1% 0.08%
ETN A 0.44% 0.62% 0.44%
EXPD D 0.07% 0.07% 0.07%
HON B 0.46% 0.64% 0.46%
HPQ B 0.62% 0.16% 0.16%
HRL D 0.03% 0.07% 0.03%
HSY F 0.1% 0.11% 0.1%
HUBB B 0.06% 0.1% 0.06%
IBM C 3.08% 0.83% 0.83%
IPG D 0.16% 0.04% 0.04%
ITW B 0.27% 0.35% 0.27%
JBHT C 0.05% 0.08% 0.05%
JNJ D 1.44% 1.61% 1.44%
JPM A 2.39% 3.01% 2.39%
KO D 0.99% 1.15% 0.99%
KR B 0.13% 0.18% 0.13%
LECO B 0.04% 0.05% 0.04%
LHX C 0.16% 0.2% 0.16%
LII A 0.07% 0.09% 0.07%
LNT A 0.05% 0.07% 0.05%
LOW D 0.51% 0.66% 0.51%
MA C 1.4% 2.06% 1.4%
MCO B 0.26% 0.37% 0.26%
MDLZ F 0.36% 0.37% 0.36%
MDT D 0.42% 0.48% 0.42%
MET A 0.17% 0.25% 0.17%
MMM D 0.26% 0.31% 0.26%
MRK F 1.03% 1.06% 1.03%
MS A 0.47% 0.94% 0.47%
MSFT F 4.63% 3.91% 3.91%
NDAQ A 0.08% 0.2% 0.08%
NDSN B 0.05% 0.06% 0.05%
NEE D 0.66% 0.68% 0.66%
NI A 0.05% 0.07% 0.05%
NKE D 0.36% 0.39% 0.36%
NOC D 0.29% 0.31% 0.29%
PEG A 0.14% 0.19% 0.14%
PEP F 0.92% 0.94% 0.92%
PFE D 0.62% 0.61% 0.61%
PFG D 0.03% 0.09% 0.03%
PLD D 0.42% 0.46% 0.42%
PNC B 0.27% 0.35% 0.27%
PPG F 0.1% 0.12% 0.1%
PSX C 0.22% 0.24% 0.22%
QCOM F 3.18% 0.79% 0.79%
REG B 0.04% 0.06% 0.04%
RF A 0.07% 0.1% 0.07%
RMD C 0.11% 0.15% 0.11%
ROK B 0.11% 0.14% 0.11%
SJM D 0.05% 0.05% 0.05%
SO D 0.35% 0.42% 0.35%
SPGI C 0.55% 0.68% 0.55%
SRE A 0.18% 0.25% 0.18%
SWK D 0.06% 0.06% 0.06%
TFC A 0.22% 0.27% 0.22%
TROW B 0.09% 0.11% 0.09%
TRV B 0.18% 0.26% 0.18%
TSN B 0.07% 0.08% 0.07%
TT A 0.29% 0.4% 0.29%
UNH C 1.95% 2.35% 1.95%
UNP C 0.56% 0.62% 0.56%
UPS C 0.35% 0.43% 0.35%
V A 1.53% 2.25% 1.53%
VMC B 0.12% 0.16% 0.12%
VZ C 2.26% 0.77% 0.77%
WBA F 0.03% 0.03% 0.03%
WEC A 0.1% 0.13% 0.1%
WMT A 0.73% 2.92% 0.73%
XEL A 0.12% 0.17% 0.12%
XOM B 2.0% 2.31% 2.0%
XYL D 0.11% 0.13% 0.11%
NACP Overweight 95 Positions Relative to PFM
Symbol Grade Weight
NVDA C 4.9%
AMZN C 4.47%
META D 3.63%
GOOGL C 2.41%
UBER D 2.29%
TSLA B 2.22%
GOOG C 2.16%
PANW C 1.81%
MU D 1.75%
INTC D 1.52%
TMO F 0.83%
GE D 0.69%
AXP A 0.56%
DELL C 0.54%
COP C 0.49%
C A 0.45%
EA A 0.45%
T A 0.45%
BSX B 0.41%
BA F 0.38%
MELI D 0.38%
CI F 0.37%
DE A 0.36%
GILD C 0.35%
SCHW B 0.33%
EQIX A 0.29%
CVS D 0.27%
PYPL B 0.27%
FDX B 0.25%
FCX D 0.25%
MPC D 0.23%
NEM D 0.22%
NSC B 0.2%
WMB A 0.19%
MAR B 0.19%
OKE A 0.18%
CCI D 0.18%
D C 0.18%
GM B 0.18%
URI B 0.18%
VLO C 0.17%
JCI C 0.17%
HLT A 0.17%
LNG B 0.16%
KMI A 0.15%
HES B 0.15%
EXC C 0.15%
EW C 0.15%
F C 0.15%
DD D 0.14%
HWM A 0.14%
OTIS C 0.13%
AME A 0.13%
VRSK A 0.13%
IR B 0.12%
MLM B 0.12%
KHC F 0.12%
RCL A 0.12%
AVB B 0.11%
EBAY D 0.11%
VST B 0.11%
DVN F 0.1%
BIIB F 0.1%
PCG A 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%
NRG B 0.07%
BAX D 0.07%
LH C 0.07%
K A 0.07%
ILMN D 0.07%
HBAN A 0.07%
LUV C 0.06%
DOC D 0.06%
TXT D 0.06%
AMH D 0.05%
OC A 0.05%
ACM A 0.05%
UAL A 0.05%
BG F 0.05%
CF B 0.05%
CPB D 0.04%
TFX F 0.04%
USFD A 0.04%
BWA D 0.03%
SCCO F 0.03%
MOS F 0.03%
CNH C 0.03%
TAP C 0.03%
NACP Underweight 314 Positions Relative to PFM
Symbol Grade Weight
AVGO D -3.32%
ORCL B -2.21%
COST B -1.76%
HD A -1.76%
PG A -1.73%
CSCO B -1.0%
LIN D -0.93%
MCD D -0.9%
PM B -0.88%
TXN C -0.82%
INTU C -0.82%
CAT B -0.81%
GS A -0.8%
CMCSA B -0.72%
RTX C -0.69%
BLK C -0.67%
AMGN D -0.65%
SYK C -0.64%
LMT D -0.55%
CB C -0.5%
SBUX A -0.49%
MMC B -0.48%
ADI D -0.45%
SHW A -0.41%
MO A -0.41%
AMT D -0.4%
ICE C -0.39%
CTAS B -0.38%
WM A -0.38%
APH A -0.37%
KLAC D -0.36%
ZTS D -0.35%
MSI B -0.35%
CME A -0.35%
GD F -0.34%
USB A -0.34%
MCK B -0.34%
CL D -0.33%
APD A -0.32%
TGT F -0.31%
EPD A -0.29%
AJG B -0.28%
RSG A -0.28%
AFL B -0.27%
ROP B -0.26%
GWW B -0.25%
AMP A -0.24%
ALL A -0.23%
PAYX C -0.22%
COR B -0.21%
MPLX A -0.21%
O D -0.21%
KMB D -0.2%
PRU A -0.2%
FAST B -0.2%
DFS B -0.19%
GLW B -0.17%
SYY B -0.16%
RJF A -0.15%
HIG B -0.15%
EXR D -0.15%
MCHP D -0.15%
NUE C -0.15%
FITB A -0.14%
HUM C -0.14%
CAH B -0.13%
TSCO D -0.13%
BRO B -0.13%
BR A -0.12%
CHD B -0.12%
LYB F -0.12%
DOV A -0.12%
STT A -0.12%
AEE A -0.11%
AWK D -0.11%
WST C -0.1%
ATO A -0.1%
WRB A -0.1%
CINF A -0.1%
CDW F -0.1%
CSL C -0.09%
PKG A -0.09%
STE F -0.09%
CBOE B -0.09%
STLD B -0.09%
RPM A -0.08%
KEY B -0.08%
ARE D -0.08%
FDS B -0.08%
WSO A -0.08%
MAA B -0.08%
MKC D -0.08%
SNA A -0.08%
ERIE D -0.08%
BBY D -0.08%
ESS B -0.08%
GGG B -0.07%
RGA A -0.07%
DPZ C -0.07%
AVY D -0.07%
FIX A -0.07%
WLK D -0.07%
FNF B -0.07%
WSM B -0.07%
MAS D -0.07%
RS B -0.07%
IEX B -0.07%
GPC D -0.07%
CHRW C -0.06%
ELS C -0.06%
UNM A -0.06%
POOL C -0.06%
RNR C -0.06%
MORN B -0.06%
UDR B -0.06%
EVRG A -0.06%
HEI B -0.06%
CASY A -0.06%
SEIC B -0.05%
WTRG B -0.05%
CUBE D -0.05%
ATR B -0.05%
EVR B -0.05%
BEN C -0.05%
RRX B -0.05%
AIZ A -0.05%
AFG A -0.05%
ITT A -0.05%
SCI B -0.05%
JKHY D -0.05%
ENSG D -0.04%
EGP F -0.04%
CHE D -0.04%
TTC D -0.04%
OGE B -0.04%
ZION B -0.04%
AOS F -0.04%
WTFC A -0.04%
CFR B -0.04%
INGR B -0.04%
DCI B -0.04%
REXR F -0.04%
CBSH A -0.04%
RGLD C -0.04%
ORI A -0.04%
GL B -0.04%
MKTX D -0.04%
LAD A -0.04%
AIT A -0.04%
CHDN B -0.04%
PRI A -0.04%
PNW B -0.04%
THG A -0.03%
TRNO F -0.03%
THO B -0.03%
FFIN B -0.03%
UMBF B -0.03%
SIGI C -0.03%
LFUS F -0.03%
IDA A -0.03%
CBT C -0.03%
HOMB A -0.03%
BMI B -0.03%
STAG F -0.03%
MSA D -0.03%
FAF A -0.03%
CADE B -0.03%
FR C -0.03%
AGCO D -0.03%
R B -0.03%
OSK B -0.03%
AXS A -0.03%
BOKF B -0.03%
SSD D -0.03%
ADC B -0.03%
RHI B -0.03%
HII D -0.03%
NNN D -0.03%
PB A -0.03%
SSB B -0.03%
UFPI B -0.03%
RLI B -0.03%
WSFS A -0.02%
CBU B -0.02%
PRGO B -0.02%
SR A -0.02%
PII D -0.02%
MGEE C -0.02%
GFF A -0.02%
AUB B -0.02%
MDU D -0.02%
CCOI B -0.02%
WDFC B -0.02%
ASH D -0.02%
BANF B -0.02%
ASB B -0.02%
FUL F -0.02%
CNO A -0.02%
BKH A -0.02%
IBOC A -0.02%
AVNT B -0.02%
FLO D -0.02%
POR C -0.02%
KAI A -0.02%
NJR A -0.02%
AVT C -0.02%
EXPO D -0.02%
FELE B -0.02%
LANC C -0.02%
SON D -0.02%
CNS B -0.02%
NXST C -0.02%
AGO B -0.02%
UGI A -0.02%
TKR D -0.02%
MATX C -0.02%
AL B -0.02%
GATX A -0.02%
DDS B -0.02%
OZK B -0.02%
BC C -0.02%
SWX B -0.02%
UBSI B -0.02%
BCPC B -0.02%
WTS B -0.02%
NFG A -0.02%
SLGN A -0.02%
MSEX B -0.01%
GABC B -0.01%
TR B -0.01%
UVV B -0.01%
LNN B -0.01%
WABC B -0.01%
NWN A -0.01%
CSGS B -0.01%
TCBK B -0.01%
STBA B -0.01%
SRCE B -0.01%
ANDE D -0.01%
TNC D -0.01%
HMN B -0.01%
DKL C -0.01%
SCL C -0.01%
GTY B -0.01%
SJW D -0.01%
APOG B -0.01%
LKFN B -0.01%
NHC C -0.01%
CHCO B -0.01%
AGM C -0.01%
WOR F -0.01%
WSBC A -0.01%
SYBT B -0.01%
HI C -0.01%
NBTB B -0.01%
LMAT A -0.01%
MTRN C -0.01%
SXI B -0.01%
HNI B -0.01%
FRME B -0.01%
TOWN B -0.01%
HWKN B -0.01%
NSP D -0.01%
ABR C -0.01%
CPK A -0.01%
CWT D -0.01%
WAFD B -0.01%
IOSP B -0.01%
MAN D -0.01%
AVA A -0.01%
INDB B -0.01%
SFNC B -0.01%
TRN C -0.01%
KWR C -0.01%
AWR B -0.01%
BRC D -0.01%
JJSF B -0.01%
OTTR C -0.01%
NWE B -0.01%
POWI D -0.01%
FIBK A -0.01%
ABM B -0.01%
JOUT D -0.0%
FLIC B -0.0%
ARTNA D -0.0%
HVT D -0.0%
ODC C -0.0%
BMRC B -0.0%
CTO B -0.0%
YORW D -0.0%
AROW B -0.0%
UHT D -0.0%
THFF B -0.0%
PLOW D -0.0%
HIFS B -0.0%
CASS B -0.0%
SPTN D -0.0%
WASH C -0.0%
MATW C -0.0%
GSBC B -0.0%
SMBC B -0.0%
HY D -0.0%
MBWM B -0.0%
HBNC B -0.0%
MNRO D -0.0%
FCBC B -0.0%
HFWA B -0.0%
SCVL F -0.0%
PFC A -0.0%
GRC A -0.0%
SBSI B -0.0%
CTBI B -0.0%
TMP B -0.0%
AMSF B -0.0%
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