NACP vs. USCL ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to iShares Climate Conscious & Transition MSCI USA ETF (USCL)

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

$40.91

Average Daily Volume

3,078

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

USCL

iShares Climate Conscious & Transition MSCI USA ETF

USCL Description

The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.28

Average Daily Volume

2,871

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

Performance

Period	NACP	USCL
30 Days	-0.27%	0.39%
60 Days	1.42%	2.02%
90 Days	7.06%	7.94%
12 Months	36.60%	39.14%

122 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in USCL	Overlap
A	F	0.14%	0.11%	0.11%
AAPL	C	5.03%	5.54%	5.03%
ABBV	A	1.22%	0.92%	0.92%
ABT	C	0.69%	0.56%	0.56%
ACM	A	0.05%	0.04%	0.04%
ACN	C	3.58%	0.64%	0.64%
ADP	A	0.4%	0.33%	0.33%
AEP	D	0.19%	0.15%	0.15%
ALB	C	0.04%	0.03%	0.03%
AME	A	0.13%	0.11%	0.11%
AMZN	B	4.47%	4.71%	4.47%
AON	A	0.24%	0.19%	0.19%
AVB	C	0.11%	0.09%	0.09%
AXP	B	0.56%	0.43%	0.43%
BAC	B	0.99%	0.82%	0.82%
BAH	A	0.07%	0.06%	0.06%
BIIB	F	0.1%	0.07%	0.07%
BK	B	0.17%	0.16%	0.16%
BMY	A	0.35%	0.3%	0.3%
BSX	B	0.41%	0.36%	0.36%
CCI	D	0.18%	0.13%	0.13%
CLX	C	0.07%	0.05%	0.05%
CMI	B	0.15%	0.13%	0.13%
COP	C	0.49%	0.34%	0.34%
CPB	D	0.04%	0.03%	0.03%
CSX	D	0.24%	0.18%	0.18%
CVS	F	0.27%	0.2%	0.2%
CVX	C	1.04%	0.73%	0.73%
D	B	0.18%	0.14%	0.14%
DD	D	0.14%	0.1%	0.1%
DE	B	0.36%	0.29%	0.29%
DELL	A	0.54%	0.09%	0.09%
DHR	F	0.64%	0.48%	0.48%
DOC	B	0.06%	0.04%	0.04%
DUK	C	0.32%	0.26%	0.26%
EBAY	D	0.11%	0.09%	0.09%
ECL	C	0.21%	0.18%	0.18%
ED	C	0.12%	0.1%	0.1%
EMR	B	0.22%	0.17%	0.17%
EQIX	A	0.29%	0.23%	0.23%
ES	D	0.08%	0.06%	0.06%
ETN	B	0.44%	0.38%	0.38%
EW	D	0.15%	0.12%	0.12%
EXC	C	0.15%	0.11%	0.11%
EXPD	D	0.07%	0.05%	0.05%
F	D	0.15%	0.12%	0.12%
FCX	D	0.25%	0.19%	0.19%
FDX	C	0.25%	0.17%	0.17%
GILD	A	0.35%	0.3%	0.3%
GM	B	0.18%	0.17%	0.17%
GOOG	A	2.16%	1.95%	1.95%
GOOGL	A	2.41%	2.24%	2.24%
HES	D	0.15%	0.11%	0.11%
HLT	B	0.17%	0.17%	0.17%
HSY	F	0.1%	0.07%	0.07%
HUBB	B	0.06%	0.07%	0.06%
IBM	C	3.08%	0.59%	0.59%
ILMN	B	0.07%	0.06%	0.06%
INTC	D	1.52%	0.26%	0.26%
ITW	A	0.27%	0.21%	0.21%
JBHT	A	0.05%	0.04%	0.04%
JCI	B	0.17%	0.14%	0.14%
JNJ	D	1.44%	1.09%	1.09%
JPM	A	2.39%	1.78%	1.78%
K	A	0.07%	0.06%	0.06%
KMI	A	0.15%	0.14%	0.14%
KO	D	0.99%	0.79%	0.79%
LH	A	0.07%	0.05%	0.05%
LII	B	0.07%	0.05%	0.05%
LNT	B	0.05%	0.04%	0.04%
MA	B	1.4%	1.18%	1.18%
MAR	A	0.19%	0.18%	0.18%
MCO	D	0.26%	0.21%	0.21%
MDLZ	D	0.36%	0.27%	0.27%
MELI	C	0.38%	0.26%	0.26%
META	B	3.63%	3.53%	3.53%
MLM	A	0.12%	0.1%	0.1%
MMM	D	0.26%	0.2%	0.2%
MRK	F	1.03%	0.75%	0.75%
MS	B	0.47%	0.4%	0.4%
MSFT	D	4.63%	4.53%	4.53%
NDAQ	B	0.08%	0.09%	0.08%
NEE	D	0.66%	0.48%	0.48%
NEM	D	0.22%	0.19%	0.19%
NKE	F	0.36%	0.27%	0.27%
NSC	B	0.2%	0.16%	0.16%
NVDA	B	4.9%	6.73%	4.9%
OC	B	0.05%	0.04%	0.04%
OKE	A	0.18%	0.16%	0.16%
PANW	B	1.81%	0.34%	0.34%
PEG	B	0.14%	0.12%	0.12%
PEP	D	0.92%	0.66%	0.66%
PFE	D	0.62%	0.45%	0.45%
PLD	F	0.42%	0.3%	0.3%
PPG	F	0.1%	0.08%	0.08%
PYPL	B	0.27%	0.22%	0.22%
QCOM	D	3.18%	0.53%	0.53%
REG	C	0.04%	0.04%	0.04%
ROK	C	0.11%	0.09%	0.09%
SCHW	B	0.33%	0.3%	0.3%
SO	B	0.35%	0.28%	0.28%
SPGI	D	0.55%	0.45%	0.45%
SRE	B	0.18%	0.15%	0.15%
T	A	0.45%	0.43%	0.43%
TAP	D	0.03%	0.03%	0.03%
TFX	F	0.04%	0.03%	0.03%
TMO	F	0.83%	0.62%	0.62%
TROW	C	0.09%	0.07%	0.07%
TRV	B	0.18%	0.16%	0.16%
TSLA	A	2.22%	1.73%	1.73%
TT	C	0.29%	0.25%	0.25%
UBER	C	2.29%	0.42%	0.42%
UNH	D	1.95%	1.45%	1.45%
UNP	D	0.56%	0.41%	0.41%
UPS	C	0.35%	0.27%	0.27%
V	A	1.53%	1.24%	1.24%
VRSK	B	0.13%	0.11%	0.11%
VZ	D	2.26%	0.48%	0.48%
WMT	A	0.73%	1.0%	0.73%
XEL	A	0.12%	0.1%	0.1%
XOM	C	2.0%	1.5%	1.5%
XYL	F	0.11%	0.09%	0.09%

NACP Overweight 75 Positions Relative to USCL

Symbol	Grade	Weight
MU	C	1.75%
GE	C	0.69%
HPQ	C	0.62%
LOW	B	0.51%
ELV	F	0.47%
HON	C	0.46%
C	A	0.45%
EA	A	0.45%
MDT	B	0.42%
BA	F	0.38%
CI	F	0.37%
NOC	D	0.29%
PNC	A	0.27%
MPC	F	0.23%
BDX	D	0.23%
PSX	F	0.22%
TFC	B	0.22%
WMB	A	0.19%
URI	B	0.18%
MET	C	0.17%
VLO	F	0.17%
LNG	A	0.16%
IPG	F	0.16%
LHX	A	0.16%
HWM	B	0.14%
OTIS	C	0.13%
KR	B	0.13%
VMC	A	0.12%
IR	B	0.12%
KHC	D	0.12%
RCL	A	0.12%
VST	B	0.11%
EIX	D	0.11%
ADM	F	0.11%
RMD	B	0.11%
DVN	F	0.1%
WEC	B	0.1%
PCG	B	0.09%
IFF	D	0.09%
DAL	A	0.09%
SYF	B	0.08%
APTV	F	0.08%
SBAC	C	0.08%
PPL	A	0.08%
FE	D	0.08%
ETR	A	0.08%
DTE	C	0.08%
NRG	A	0.07%
CMS	C	0.07%
TSN	D	0.07%
BAX	F	0.07%
HBAN	A	0.07%
RF	A	0.07%
SWK	D	0.06%
LUV	A	0.06%
DGX	A	0.06%
TXT	F	0.06%
SJM	F	0.05%
AMH	F	0.05%
NI	A	0.05%
NDSN	D	0.05%
UAL	A	0.05%
AES	F	0.05%
BG	F	0.05%
CF	D	0.05%
LECO	C	0.04%
EMN	C	0.04%
USFD	A	0.04%
WBA	C	0.03%
BWA	C	0.03%
SCCO	B	0.03%
PFG	C	0.03%
MOS	B	0.03%
HRL	F	0.03%
CNH	A	0.03%

NACP Underweight 174 Positions Relative to USCL

Symbol	Grade	Weight
AVGO	B	-2.19%
LLY	D	-2.03%
PG	D	-1.11%
HD	B	-1.1%
NFLX	A	-0.91%
ORCL	B	-0.8%
CRM	B	-0.77%
AMD	F	-0.69%
LIN	C	-0.64%
MCD	C	-0.63%
CSCO	B	-0.63%
WFC	A	-0.62%
ADBE	F	-0.6%
CAT	B	-0.53%
NOW	B	-0.52%
DIS	B	-0.49%
TXN	B	-0.49%
INTU	D	-0.47%
AMGN	C	-0.47%
GS	B	-0.46%
CMCSA	A	-0.45%
BKNG	A	-0.42%
BLK	B	-0.41%
PGR	D	-0.4%
VRTX	A	-0.34%
BX	B	-0.33%
CB	C	-0.32%
TMUS	B	-0.32%
FI	B	-0.32%
ADI	C	-0.31%
MMC	D	-0.3%
SBUX	A	-0.3%
AMT	D	-0.29%
REGN	F	-0.29%
ICE	C	-0.26%
ZTS	D	-0.24%
PLTR	B	-0.24%
SHW	D	-0.24%
CMG	D	-0.23%
CEG	B	-0.23%
WM	A	-0.23%
CL	D	-0.22%
WELL	A	-0.22%
CME	A	-0.22%
USB	B	-0.21%
SNPS	B	-0.21%
CTAS	B	-0.21%
CRWD	C	-0.2%
EOG	D	-0.2%
CDNS	C	-0.19%
TGT	F	-0.19%
MCK	F	-0.18%
ABNB	C	-0.17%
SLB	F	-0.17%
ADSK	B	-0.17%
CRH	A	-0.17%
AJG	D	-0.17%
SPG	B	-0.16%
APO	B	-0.16%
ROP	D	-0.16%
FTNT	B	-0.15%
DLR	A	-0.15%
PCAR	C	-0.15%
O	C	-0.15%
FIS	A	-0.14%
AIG	B	-0.14%
WDAY	F	-0.14%
CPRT	D	-0.13%
PWR	B	-0.13%
PAYX	B	-0.13%
KMB	D	-0.13%
WCN	D	-0.13%
RSG	D	-0.12%
IDXX	F	-0.11%
GIS	D	-0.11%
ODFL	A	-0.11%
STZ	F	-0.11%
MNST	C	-0.11%
KDP	F	-0.11%
ACGL	D	-0.11%
SQ	B	-0.11%
IT	C	-0.11%
CTVA	A	-0.11%
IQV	F	-0.11%
LULU	C	-0.1%
OXY	F	-0.1%
SNOW	C	-0.1%
NUE	F	-0.1%
HIG	C	-0.1%
BKR	A	-0.1%
DFS	B	-0.1%
CTSH	D	-0.1%
CBRE	A	-0.1%
YUM	D	-0.1%
TEAM	B	-0.09%
CHTR	D	-0.09%
HUM	F	-0.09%
FANG	F	-0.09%
WAB	A	-0.09%
EFX	D	-0.09%
VICI	D	-0.09%
AWK	D	-0.08%
ANSS	C	-0.08%
MTD	F	-0.08%
WTW	A	-0.08%
DECK	B	-0.07%
GRMN	B	-0.07%
EQR	D	-0.07%
GPN	D	-0.07%
CHD	D	-0.07%
HUBS	B	-0.07%
HPE	B	-0.07%
BR	C	-0.07%
DOV	B	-0.07%
FTV	F	-0.07%
NET	B	-0.07%
STT	A	-0.07%
WAT	D	-0.06%
BALL	F	-0.06%
EL	F	-0.06%
FSLR	F	-0.06%
TRU	C	-0.06%
WST	B	-0.06%
ATO	B	-0.06%
ZBH	D	-0.06%
CSL	C	-0.06%
PTC	A	-0.06%
CBOE	A	-0.06%
WY	F	-0.06%
FWONK	B	-0.05%
ZS	C	-0.05%
RPM	B	-0.05%
AVY	D	-0.05%
ULTA	F	-0.05%
FDS	B	-0.05%
MANH	C	-0.05%
WRB	C	-0.05%
WSM	F	-0.05%
ARE	F	-0.05%
PINS	C	-0.05%
LVS	B	-0.05%
NTRS	A	-0.05%
STLD	B	-0.05%
MKC	D	-0.05%
BXP	B	-0.04%
JKHY	B	-0.04%
GGG	F	-0.04%
TRMB	B	-0.04%
RVTY	C	-0.04%
MRO	B	-0.04%
GEN	A	-0.04%
TW	B	-0.04%
IEX	A	-0.04%
KIM	B	-0.04%
AKAM	C	-0.04%
PNR	A	-0.04%
MTCH	C	-0.03%
MGM	D	-0.03%
CRL	F	-0.03%
WYNN	B	-0.03%
DAY	A	-0.03%
SNAP	B	-0.03%
WTRG	C	-0.03%
INCY	A	-0.03%
CTLT	D	-0.03%
TWLO	A	-0.03%
CCK	B	-0.03%
CG	B	-0.03%
OKTA	F	-0.03%
AZPN	B	-0.02%
H	D	-0.02%
BSY	F	-0.02%
PAYC	A	-0.02%
DVA	D	-0.02%