NACP vs. SPMO ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to PowerShares S&P 500 Momentum Portfolio (SPMO)

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

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$90.34

Average Daily Volume

995,019

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	SPMO
30 Days	3.64%	2.18%
60 Days	5.52%	6.98%
90 Days	4.72%	3.37%
12 Months	34.73%	57.22%

31 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in SPMO	Overlap
AAPL	C	5.03%	9.91%	5.03%
ACN	C	3.58%	0.85%	0.85%
AMZN	C	4.47%	7.26%	4.47%
BSX	B	0.41%	0.57%	0.41%
ECL	B	0.21%	0.25%	0.21%
ETN	C	0.44%	0.68%	0.44%
GE	C	0.69%	1.34%	0.69%
HLT	B	0.17%	0.23%	0.17%
HUBB	B	0.06%	0.1%	0.06%
HWM	B	0.14%	0.17%	0.14%
IBM	B	3.08%	1.11%	1.11%
INTC	D	1.52%	0.34%	0.34%
IR	B	0.12%	0.18%	0.12%
JPM	D	2.39%	2.3%	2.3%
MAR	B	0.19%	0.26%	0.19%
MDLZ	C	0.36%	0.31%	0.31%
META	B	3.63%	8.92%	3.63%
MLM	D	0.12%	0.14%	0.12%
MPC	F	0.23%	0.2%	0.2%
MSFT	C	4.63%	8.3%	4.63%
NRG	B	0.07%	0.1%	0.07%
NVDA	C	4.9%	11.66%	4.9%
PANW	D	1.81%	0.71%	0.71%
PSX	F	0.22%	0.26%	0.22%
RCL	B	0.12%	0.25%	0.12%
TT	B	0.29%	0.38%	0.29%
UBER	C	2.29%	1.09%	1.09%
URI	B	0.18%	0.18%	0.18%
VMC	C	0.12%	0.11%	0.11%
VRSK	D	0.13%	0.17%	0.13%
WMT	B	0.73%	1.08%	0.73%

NACP Overweight 165 Positions Relative to SPMO

Symbol	Grade	Weight
QCOM	D	3.18%
GOOGL	D	2.41%
VZ	A	2.26%
TSLA	C	2.22%
GOOG	D	2.16%
XOM	D	2.0%
UNH	C	1.95%
MU	D	1.75%
V	C	1.53%
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%
ABT	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%
MDT	B	0.42%
PLD	C	0.42%
ADP	C	0.4%
BA	F	0.38%
MELI	C	0.38%
CI	C	0.37%
DE	A	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%
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%
BDX	D	0.23%
TFC	D	0.22%
NEM	C	0.22%
EMR	D	0.22%
NSC	C	0.2%
WMB	C	0.19%
AEP	C	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%
MET	B	0.17%
BK	B	0.17%
VLO	F	0.17%
JCI	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%
OTIS	B	0.13%
KR	B	0.13%
AME	C	0.13%
XEL	B	0.12%
ED	B	0.12%
KHC	C	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%
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%
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 66 Positions Relative to SPMO

Symbol	Grade	Weight
AVGO	C	-5.44%
LLY	D	-5.18%
BRK.A	C	-3.7%
COST	C	-2.22%
AMD	C	-1.54%
CRM	C	-1.46%
NFLX	B	-1.26%
ADBE	F	-1.23%
NOW	C	-1.03%
INTU	D	-0.84%
LIN	B	-0.83%
ISRG	C	-0.8%
AMGN	D	-0.68%
AMAT	D	-0.64%
BKNG	B	-0.59%
ANET	C	-0.54%
LRCX	D	-0.5%
SYK	C	-0.48%
VRTX	D	-0.47%
TDG	B	-0.47%
TJX	C	-0.44%
KLAC	D	-0.43%
CDNS	D	-0.39%
REGN	D	-0.38%
CMG	D	-0.37%
CTAS	C	-0.36%
FICO	B	-0.36%
PH	B	-0.35%
SNPS	F	-0.35%
SHW	B	-0.34%
APH	C	-0.32%
WM	D	-0.29%
CEG	C	-0.29%
MSI	B	-0.28%
MCK	F	-0.28%
ORLY	B	-0.26%
RSG	D	-0.26%
ROP	C	-0.26%
PCAR	D	-0.26%
GWW	B	-0.24%
DHI	C	-0.24%
CPRT	D	-0.23%
PHM	B	-0.21%
LEN	B	-0.21%
AJG	D	-0.19%
FAST	C	-0.19%
IT	C	-0.16%
BLDR	C	-0.16%
CBOE	C	-0.14%
CAH	C	-0.14%
IRM	C	-0.13%
PWR	B	-0.13%
ACGL	B	-0.13%
WAB	B	-0.12%
BR	C	-0.12%
LULU	D	-0.12%
PTC	C	-0.1%
BRO	C	-0.1%
TTWO	D	-0.1%
NVR	B	-0.09%
WST	D	-0.09%
CPAY	B	-0.09%
CCL	C	-0.06%
PNR	B	-0.06%
JBL	C	-0.06%
AKAM	D	-0.06%