NACP vs. TSPA ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to T. Rowe Price U.S. Equity Research ETF (TSPA)

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

TSPA

T. Rowe Price U.S. Equity Research ETF

TSPA Description

Blue Safari Group Acquisition Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on pursuing opportunities in fintech, infotech, insurtech, and business services. The company was incorporated in 2021 and is based in Central, Hong Kong.

Grade (RS Rating)

Last Trade

$37.49

Average Daily Volume

116,042

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

Performance

Period	NACP	TSPA
30 Days	2.08%	2.99%
60 Days	4.48%	4.57%
90 Days	6.57%	6.02%
12 Months	32.92%	33.63%

132 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in TSPA	Overlap
AAPL	C	5.03%	7.37%	5.03%
ABBV	D	1.22%	0.62%	0.62%
ABT	B	0.69%	0.19%	0.19%
ACN	C	3.58%	0.65%	0.65%
AME	A	0.13%	0.02%	0.02%
AMH	D	0.05%	0.04%	0.04%
AMZN	C	4.47%	3.66%	3.66%
APTV	D	0.08%	0.02%	0.02%
AVB	B	0.11%	0.07%	0.07%
AXP	A	0.56%	0.37%	0.37%
BA	F	0.38%	0.24%	0.24%
BAC	A	0.99%	0.61%	0.61%
BAH	F	0.07%	0.03%	0.03%
BDX	F	0.23%	0.29%	0.23%
BIIB	F	0.1%	0.1%	0.1%
BK	A	0.17%	0.16%	0.16%
BMY	B	0.35%	0.13%	0.13%
BSX	B	0.41%	0.23%	0.23%
C	A	0.45%	0.42%	0.42%
CCI	D	0.18%	0.01%	0.01%
CF	B	0.05%	0.1%	0.05%
CI	F	0.37%	0.32%	0.32%
CLX	B	0.07%	0.04%	0.04%
CMI	A	0.15%	0.31%	0.15%
CMS	C	0.07%	0.08%	0.07%
COP	C	0.49%	0.42%	0.42%
CPB	D	0.04%	0.02%	0.02%
CSX	B	0.24%	0.35%	0.24%
CVS	D	0.27%	0.04%	0.04%
CVX	A	1.04%	0.47%	0.47%
D	C	0.18%	0.05%	0.05%
DAL	C	0.09%	0.05%	0.05%
DE	A	0.36%	0.24%	0.24%
DGX	A	0.06%	0.08%	0.06%
DHR	F	0.64%	0.46%	0.46%
DUK	C	0.32%	0.04%	0.04%
DVN	F	0.1%	0.04%	0.04%
EA	A	0.45%	0.07%	0.07%
EBAY	D	0.11%	0.01%	0.01%
ELV	F	0.47%	0.37%	0.37%
EMR	A	0.22%	0.07%	0.07%
EQIX	A	0.29%	0.26%	0.26%
ETR	B	0.08%	0.1%	0.08%
EW	C	0.15%	0.06%	0.06%
EXC	C	0.15%	0.07%	0.07%
F	C	0.15%	0.01%	0.01%
FCX	D	0.25%	0.19%	0.19%
FDX	B	0.25%	0.15%	0.15%
FE	C	0.08%	0.08%	0.08%
GE	D	0.69%	0.56%	0.56%
GILD	C	0.35%	0.14%	0.14%
GM	B	0.18%	0.05%	0.05%
GOOG	C	2.16%	2.14%	2.14%
GOOGL	C	2.41%	1.48%	1.48%
HBAN	A	0.07%	0.13%	0.07%
HES	B	0.15%	0.05%	0.05%
HLT	A	0.17%	0.18%	0.17%
HON	B	0.46%	0.32%	0.32%
HUBB	B	0.06%	0.16%	0.06%
HWM	A	0.14%	0.16%	0.14%
IBM	C	3.08%	0.23%	0.23%
INTC	D	1.52%	0.01%	0.01%
IR	B	0.12%	0.11%	0.11%
JBHT	C	0.05%	0.01%	0.01%
JCI	C	0.17%	0.09%	0.09%
JNJ	D	1.44%	0.68%	0.68%
JPM	A	2.39%	1.16%	1.16%
K	A	0.07%	0.02%	0.02%
KHC	F	0.12%	0.02%	0.02%
KMI	A	0.15%	0.1%	0.1%
KO	D	0.99%	0.68%	0.68%
LHX	C	0.16%	0.19%	0.16%
LOW	D	0.51%	0.3%	0.3%
LUV	C	0.06%	0.01%	0.01%
MA	C	1.4%	0.89%	0.89%
MAR	B	0.19%	0.16%	0.16%
MCO	B	0.26%	0.16%	0.16%
MDLZ	F	0.36%	0.16%	0.16%
MDT	D	0.42%	0.1%	0.1%
MET	A	0.17%	0.26%	0.17%
META	D	3.63%	2.67%	2.67%
MOS	F	0.03%	0.06%	0.03%
MPC	D	0.23%	0.24%	0.23%
MRK	F	1.03%	0.55%	0.55%
MS	A	0.47%	0.26%	0.26%
MSFT	F	4.63%	6.73%	4.63%
MU	D	1.75%	0.02%	0.02%
NEE	D	0.66%	0.51%	0.51%
NI	A	0.05%	0.02%	0.02%
NKE	D	0.36%	0.08%	0.08%
NOC	D	0.29%	0.27%	0.27%
NSC	B	0.2%	0.21%	0.2%
NVDA	C	4.9%	6.08%	4.9%
PANW	C	1.81%	0.1%	0.1%
PCG	A	0.09%	0.33%	0.09%
PEP	F	0.92%	0.51%	0.51%
PFE	D	0.62%	0.22%	0.22%
PLD	D	0.42%	0.28%	0.28%
PNC	B	0.27%	0.08%	0.08%
PPL	B	0.08%	0.02%	0.02%
PSX	C	0.22%	0.07%	0.07%
QCOM	F	3.18%	0.55%	0.55%
RCL	A	0.12%	0.18%	0.12%
REG	B	0.04%	0.04%	0.04%
ROK	B	0.11%	0.18%	0.11%
SBAC	D	0.08%	0.02%	0.02%
SCHW	B	0.33%	0.35%	0.33%
SO	D	0.35%	0.2%	0.2%
SPGI	C	0.55%	0.33%	0.33%
SRE	A	0.18%	0.04%	0.04%
SWK	D	0.06%	0.32%	0.06%
T	A	0.45%	0.06%	0.06%
TFC	A	0.22%	0.03%	0.03%
TMO	F	0.83%	0.66%	0.66%
TRV	B	0.18%	0.11%	0.11%
TSLA	B	2.22%	1.59%	1.59%
TSN	B	0.07%	0.03%	0.03%
TT	A	0.29%	0.14%	0.14%
UAL	A	0.05%	0.05%	0.05%
UBER	D	2.29%	0.44%	0.44%
UNH	C	1.95%	1.2%	1.2%
V	A	1.53%	1.1%	1.1%
VLO	C	0.17%	0.07%	0.07%
VMC	B	0.12%	0.14%	0.12%
VRSK	A	0.13%	0.11%	0.11%
VST	B	0.11%	0.08%	0.08%
VZ	C	2.26%	0.07%	0.07%
WMB	A	0.19%	0.07%	0.07%
WMT	A	0.73%	0.76%	0.73%
XEL	A	0.12%	0.23%	0.12%
XOM	B	2.0%	1.12%	1.12%
XYL	D	0.11%	0.01%	0.01%

NACP Overweight 65 Positions Relative to TSPA

Symbol	Grade	Weight
HPQ	B	0.62%
UNP	C	0.56%
DELL	C	0.54%
ETN	A	0.44%
ADP	B	0.4%
MELI	D	0.38%
UPS	C	0.35%
PYPL	B	0.27%
ITW	B	0.27%
MMM	D	0.26%
AON	A	0.24%
NEM	D	0.22%
ECL	D	0.21%
AEP	D	0.19%
OKE	A	0.18%
URI	B	0.18%
LNG	B	0.16%
IPG	D	0.16%
DD	D	0.14%
PEG	A	0.14%
A	D	0.14%
OTIS	C	0.13%
KR	B	0.13%
MLM	B	0.12%
ED	D	0.12%
EIX	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
HSY	F	0.1%
WEC	A	0.1%
PPG	F	0.1%
TROW	B	0.09%
IFF	D	0.09%
SYF	B	0.08%
NDAQ	A	0.08%
DTE	C	0.08%
ES	D	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
BAX	D	0.07%
LH	C	0.07%
ILMN	D	0.07%
RF	A	0.07%
DOC	D	0.06%
TXT	D	0.06%
SJM	D	0.05%
OC	A	0.05%
ACM	A	0.05%
NDSN	B	0.05%
LNT	A	0.05%
AES	F	0.05%
BG	F	0.05%
LECO	B	0.04%
TFX	F	0.04%
ALB	C	0.04%
EMN	D	0.04%
USFD	A	0.04%
WBA	F	0.03%
BWA	D	0.03%
SCCO	F	0.03%
PFG	D	0.03%
HRL	D	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 210 Positions Relative to TSPA

Symbol	Grade	Weight
LLY	F	-1.9%
AVGO	D	-1.69%
BRK.A	B	-1.23%
HD	A	-0.9%
NFLX	A	-0.8%
COST	B	-0.8%
CRM	B	-0.79%
PG	A	-0.78%
TMUS	B	-0.76%
LIN	D	-0.7%
PM	B	-0.56%
AMD	F	-0.55%
MCD	D	-0.55%
ORCL	B	-0.53%
ADBE	C	-0.49%
FI	A	-0.49%
ISRG	A	-0.48%
CB	C	-0.48%
TXN	C	-0.46%
AMGN	D	-0.44%
KLAC	D	-0.43%
CMCSA	B	-0.42%
SYK	C	-0.39%
WFC	A	-0.37%
FTNT	C	-0.36%
INTU	C	-0.36%
AMT	D	-0.33%
CSCO	B	-0.32%
REGN	F	-0.31%
BKNG	A	-0.31%
ALL	A	-0.3%
ADI	D	-0.3%
KDP	D	-0.3%
KVUE	A	-0.3%
GS	A	-0.29%
CPAY	A	-0.29%
ODFL	B	-0.28%
HIG	B	-0.28%
CEG	D	-0.27%
ROP	B	-0.27%
CMG	B	-0.27%
ICE	C	-0.26%
AIG	B	-0.26%
MMC	B	-0.25%
GEV	B	-0.25%
NVR	D	-0.23%
CL	D	-0.22%
CARR	D	-0.21%
SHW	A	-0.21%
WELL	A	-0.21%
BLK	C	-0.21%
TJX	A	-0.2%
ZBH	C	-0.2%
CRBG	B	-0.2%
SNPS	B	-0.2%
DIS	B	-0.2%
RTX	C	-0.2%
KEYS	A	-0.2%
EOG	A	-0.2%
SLB	C	-0.19%
KKR	A	-0.19%
CDNS	B	-0.19%
ADSK	A	-0.19%
AEE	A	-0.19%
GEN	B	-0.18%
PSA	D	-0.18%
MCK	B	-0.18%
GPN	B	-0.18%
VRTX	F	-0.18%
MTD	D	-0.17%
NVO	D	-0.17%
ORLY	B	-0.17%
TGT	F	-0.17%
ROST	C	-0.17%
TDY	B	-0.17%
VOYA	B	-0.17%
SAIA	B	-0.16%
TDG	D	-0.16%
MRVL	B	-0.16%
RNR	C	-0.16%
ZBRA	B	-0.15%
AZO	C	-0.15%
CAT	B	-0.15%
THC	D	-0.15%
FITB	A	-0.14%
ATO	A	-0.14%
ANET	C	-0.14%
LVS	C	-0.14%
CBOE	B	-0.14%
REXR	F	-0.14%
ESS	B	-0.13%
TW	A	-0.13%
CPRT	A	-0.13%
STLD	B	-0.13%
WM	A	-0.13%
DFS	B	-0.13%
ENTG	D	-0.12%
COR	B	-0.12%
STZ	D	-0.12%
HOLX	D	-0.12%
ARES	A	-0.12%
FANG	D	-0.12%
DXCM	D	-0.11%
WYNN	D	-0.11%
BURL	A	-0.11%
LULU	C	-0.11%
CRWD	B	-0.11%
WCN	A	-0.11%
WFG	D	-0.11%
APH	A	-0.11%
ABNB	C	-0.11%
BALL	D	-0.11%
WDC	D	-0.11%
MOH	F	-0.11%
FICO	B	-0.11%
CTAS	B	-0.1%
DOV	A	-0.1%
SBUX	A	-0.1%
PKG	A	-0.1%
ZTS	D	-0.09%
KMB	D	-0.09%
EFX	F	-0.09%
HAL	C	-0.09%
DPZ	C	-0.09%
MPWR	F	-0.09%
DG	F	-0.09%
WING	D	-0.08%
BX	A	-0.08%
ICLR	D	-0.08%
FTV	C	-0.08%
USB	A	-0.08%
EQH	B	-0.08%
RGEN	D	-0.08%
SITE	D	-0.07%
MNST	C	-0.07%
CBRE	B	-0.07%
IEX	B	-0.07%
AZN	D	-0.07%
APO	B	-0.07%
HUM	C	-0.07%
SUI	D	-0.07%
NOW	A	-0.06%
MO	A	-0.06%
SPG	B	-0.06%
EVRG	A	-0.06%
LPLA	A	-0.06%
PSTG	D	-0.06%
CNP	B	-0.06%
EQT	B	-0.06%
IDXX	F	-0.06%
SPOT	B	-0.06%
DT	C	-0.06%
TRGP	B	-0.06%
PGR	A	-0.06%
LMT	D	-0.06%
NCLH	B	-0.05%
IP	B	-0.05%
WAL	B	-0.05%
KEY	B	-0.05%
KIM	A	-0.05%
SHOP	B	-0.05%
AXS	A	-0.05%
ESAB	B	-0.05%
HCA	F	-0.05%
BGNE	D	-0.05%
VRT	B	-0.05%
CUBE	D	-0.04%
IT	C	-0.04%
FDS	B	-0.04%
ON	D	-0.04%
ZS	C	-0.04%
TPG	A	-0.04%
GIS	D	-0.04%
CSGP	D	-0.04%
BPOP	B	-0.04%
EL	F	-0.04%
SYY	B	-0.04%
SNY	F	-0.04%
RSG	A	-0.03%
BR	A	-0.03%
IQV	D	-0.03%
CAH	B	-0.03%
MSCI	C	-0.03%
GD	F	-0.03%
LRCX	F	-0.03%
AMAT	F	-0.02%
ST	F	-0.02%
YUM	B	-0.02%
BBWI	D	-0.02%
HII	D	-0.02%
WY	D	-0.02%
MCHP	D	-0.02%
ELAN	D	-0.02%
ULTA	F	-0.02%
CNI	D	-0.02%
NXPI	D	-0.02%
RPM	A	-0.02%
EWBC	A	-0.02%
ALLY	C	-0.02%
WDAY	B	-0.02%
EXR	D	-0.01%
TER	D	-0.01%
LSCC	D	-0.01%
RIVN	F	-0.01%
VTRS	A	-0.01%
MRNA	F	-0.0%
FSLR	F	-0.0%
CPT	B	-0.0%
CRL	C	-0.0%
VLTO	D	-0.0%