NACP vs. SPVM ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Invesco S&P 500 Value with Momentum ETF (SPVM)

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

$41.34

Average Daily Volume

3,508

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

SPVM

Invesco S&P 500 Value with Momentum ETF

SPVM Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500 High Momentum Value Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 100 stocks in the S&P 500® that have the highest value and momentum scores.

Grade (RS Rating)

Last Trade

$58.78

Average Daily Volume

2,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	SPVM
30 Days	4.72%	2.50%
60 Days	11.57%	10.08%
90 Days	3.46%	9.69%
12 Months	35.78%	28.58%

35 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in SPVM	Overlap
BAC	B	0.99%	0.97%	0.97%
BG	F	0.05%	1.7%	0.05%
BK	A	0.17%	1.15%	0.17%
C	B	0.45%	1.11%	0.45%
CI	D	0.37%	1.04%	0.37%
CMI	A	0.15%	0.71%	0.15%
COP	D	0.49%	0.66%	0.49%
DAL	C	0.09%	1.4%	0.09%
DGX	D	0.06%	0.73%	0.06%
DUK	C	0.32%	0.72%	0.32%
EBAY	A	0.11%	0.84%	0.11%
ELV	F	0.47%	0.8%	0.47%
EMN	C	0.04%	0.95%	0.04%
EMR	B	0.22%	0.92%	0.22%
FDX	F	0.25%	1.1%	0.25%
GM	D	0.18%	1.95%	0.18%
HBAN	B	0.07%	1.2%	0.07%
JPM	C	2.39%	0.87%	0.87%
KMI	A	0.15%	0.89%	0.15%
KR	C	0.13%	1.46%	0.13%
MET	A	0.17%	1.06%	0.17%
MPC	D	0.23%	1.4%	0.23%
NRG	A	0.07%	1.12%	0.07%
OKE	A	0.18%	0.65%	0.18%
PEG	A	0.14%	0.66%	0.14%
PNC	C	0.27%	1.1%	0.27%
PSX	D	0.22%	1.43%	0.22%
SWK	C	0.06%	0.86%	0.06%
SYF	A	0.08%	1.47%	0.08%
TRV	B	0.18%	0.97%	0.18%
TXT	F	0.06%	0.75%	0.06%
VLO	F	0.17%	1.56%	0.17%
VZ	C	2.26%	0.98%	0.98%
WMT	A	0.73%	0.72%	0.72%
XOM	A	2.0%	0.86%	0.86%

NACP Overweight 161 Positions Relative to SPVM

Symbol	Grade	Weight
AAPL	C	5.03%
NVDA	B	4.9%
MSFT	D	4.63%
AMZN	C	4.47%
META	A	3.63%
ACN	B	3.58%
QCOM	D	3.18%
IBM	A	3.08%
GOOGL	B	2.41%
UBER	C	2.29%
TSLA	C	2.22%
GOOG	B	2.16%
UNH	B	1.95%
PANW	B	1.81%
MU	D	1.75%
V	B	1.53%
INTC	D	1.52%
JNJ	D	1.44%
MA	A	1.4%
ABBV	C	1.22%
CVX	B	1.04%
MRK	F	1.03%
KO	C	0.99%
PEP	F	0.92%
TMO	D	0.83%
ABT	C	0.69%
GE	B	0.69%
NEE	C	0.66%
DHR	D	0.64%
HPQ	B	0.62%
PFE	D	0.62%
AXP	A	0.56%
UNP	F	0.56%
SPGI	C	0.55%
DELL	C	0.54%
LOW	C	0.51%
MS	A	0.47%
HON	C	0.46%
EA	D	0.45%
T	B	0.45%
ETN	B	0.44%
MDT	C	0.42%
PLD	D	0.42%
BSX	A	0.41%
ADP	A	0.4%
BA	F	0.38%
MELI	D	0.38%
DE	C	0.36%
MDLZ	D	0.36%
NKE	D	0.36%
BMY	A	0.35%
UPS	D	0.35%
GILD	A	0.35%
SO	A	0.35%
SCHW	D	0.33%
EQIX	C	0.29%
TT	A	0.29%
NOC	B	0.29%
CVS	D	0.27%
PYPL	A	0.27%
ITW	C	0.27%
MMM	C	0.26%
MCO	D	0.26%
FCX	B	0.25%
AON	A	0.24%
CSX	D	0.24%
BDX	C	0.23%
TFC	D	0.22%
NEM	C	0.22%
ECL	C	0.21%
NSC	C	0.2%
WMB	A	0.19%
AEP	C	0.19%
MAR	A	0.19%
SRE	C	0.18%
CCI	D	0.18%
D	A	0.18%
URI	C	0.18%
JCI	C	0.17%
HLT	A	0.17%
LNG	A	0.16%
IPG	D	0.16%
LHX	A	0.16%
HES	D	0.15%
EXC	C	0.15%
EW	F	0.15%
F	D	0.15%
DD	C	0.14%
A	B	0.14%
HWM	A	0.14%
OTIS	A	0.13%
AME	C	0.13%
VRSK	D	0.13%
VMC	D	0.12%
IR	A	0.12%
MLM	F	0.12%
XEL	C	0.12%
ED	C	0.12%
KHC	F	0.12%
RCL	B	0.12%
AVB	C	0.11%
ROK	D	0.11%
VST	A	0.11%
EIX	C	0.11%
ADM	F	0.11%
RMD	C	0.11%
XYL	C	0.11%
HSY	D	0.1%
DVN	F	0.1%
WEC	B	0.1%
PPG	D	0.1%
BIIB	F	0.1%
PCG	C	0.09%
TROW	D	0.09%
IFF	D	0.09%
APTV	D	0.08%
SBAC	C	0.08%
PPL	C	0.08%
FE	C	0.08%
ETR	A	0.08%
NDAQ	C	0.08%
DTE	B	0.08%
ES	D	0.08%
LII	C	0.07%
EXPD	D	0.07%
CMS	A	0.07%
TSN	D	0.07%
CLX	C	0.07%
BAH	C	0.07%
BAX	D	0.07%
K	B	0.07%
ILMN	B	0.07%
RF	B	0.07%
LUV	B	0.06%
DOC	C	0.06%
HUBB	A	0.06%
SJM	D	0.05%
AMH	D	0.05%
NI	A	0.05%
OC	C	0.05%
ACM	A	0.05%
NDSN	C	0.05%
UAL	A	0.05%
LNT	B	0.05%
AES	C	0.05%
JBHT	D	0.05%
CF	A	0.05%
CPB	D	0.04%
REG	C	0.04%
LECO	D	0.04%
TFX	C	0.04%
ALB	D	0.04%
USFD	C	0.04%
WBA	F	0.03%
BWA	C	0.03%
SCCO	B	0.03%
PFG	A	0.03%
MOS	F	0.03%
HRL	F	0.03%
CNH	C	0.03%
TAP	D	0.03%

NACP Underweight 63 Positions Relative to SPVM

Symbol	Grade	Weight
MTB	A	-1.51%
CINF	A	-1.49%
L	C	-1.39%
COF	A	-1.37%
DHI	C	-1.35%
STT	A	-1.35%
HPE	B	-1.33%
BBY	C	-1.32%
AIZ	B	-1.3%
LEN	C	-1.26%
PHM	C	-1.23%
JBL	C	-1.2%
ACGL	A	-1.17%
AIG	C	-1.17%
UHS	D	-1.14%
KEY	B	-1.14%
AFL	A	-1.13%
HIG	A	-1.13%
USB	C	-1.12%
STLD	C	-1.11%
MOH	F	-1.11%
FITB	C	-1.09%
PRU	B	-1.08%
BALL	C	-1.04%
NUE	D	-1.03%
BRK.A	B	-1.03%
HII	F	-1.01%
VTRS	D	-1.01%
COR	F	-0.98%
CE	D	-0.98%
WFC	B	-0.97%
CB	A	-0.97%
BLDR	C	-0.96%
CBRE	C	-0.96%
SW	C	-0.95%
LYB	B	-0.93%
CAH	B	-0.93%
MRO	B	-0.89%
ATO	A	-0.89%
EOG	B	-0.86%
ALL	A	-0.86%
BKR	B	-0.85%
OMC	C	-0.85%
GS	B	-0.85%
CTSH	B	-0.83%
MCK	F	-0.81%
WRB	C	-0.79%
IP	C	-0.75%
RJF	B	-0.74%
PCAR	D	-0.74%
BXP	B	-0.73%
FANG	D	-0.71%
SNA	C	-0.7%
DOW	B	-0.69%
NCLH	C	-0.69%
CCL	C	-0.69%
HST	D	-0.68%
DVA	C	-0.67%
EQT	C	-0.67%
HAL	D	-0.64%
J	F	-0.63%
CTRA	D	-0.63%
SWKS	F	-0.59%