NACP vs. ZECP ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Zacks Earnings Consistent Portfolio ETF (ZECP)

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

ZECP

Zacks Earnings Consistent Portfolio ETF

ZECP Description

The Zacks Earnings Consistent Portfolio ETF seeks to provide long-term total returns and minimize capital loss. The Fund pursues its investment objective by constructing a portfolio of companies that exhibit a track record of moving through recessionary periods with little to minimal impact on aggregate earnings growth relative to the overall equity market.

Grade (RS Rating)

Last Trade

$31.79

Average Daily Volume

38,364

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NACP	ZECP
30 Days	2.08%	2.68%
60 Days	4.48%	3.48%
90 Days	6.57%	5.50%
12 Months	32.92%	26.08%

30 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in ZECP	Overlap
AAPL	C	5.03%	6.19%	5.03%
ABT	B	0.69%	1.06%	0.69%
ACN	C	3.58%	1.68%	1.68%
AEP	D	0.19%	1.65%	0.19%
AXP	A	0.56%	2.52%	0.56%
BMY	B	0.35%	0.73%	0.35%
BSX	B	0.41%	1.1%	0.41%
DHR	F	0.64%	0.66%	0.64%
GOOGL	C	2.41%	4.57%	2.41%
HSY	F	0.1%	1.22%	0.1%
IBM	C	3.08%	0.81%	0.81%
JNJ	D	1.44%	1.29%	1.29%
JPM	A	2.39%	2.78%	2.39%
LH	C	0.07%	0.85%	0.07%
MAR	B	0.19%	1.38%	0.19%
MCO	B	0.26%	1.35%	0.26%
MET	A	0.17%	1.36%	0.17%
MRK	F	1.03%	0.74%	0.74%
MSFT	F	4.63%	5.81%	4.63%
NDAQ	A	0.08%	0.44%	0.08%
NEE	D	0.66%	0.79%	0.66%
PEP	F	0.92%	1.64%	0.92%
PLD	D	0.42%	0.69%	0.42%
PNC	B	0.27%	1.17%	0.27%
RCL	A	0.12%	1.78%	0.12%
SO	D	0.35%	1.03%	0.35%
TFC	A	0.22%	1.36%	0.22%
TMO	F	0.83%	1.02%	0.83%
UNH	C	1.95%	2.83%	1.95%
WMT	A	0.73%	2.48%	0.73%

NACP Overweight 167 Positions Relative to ZECP

Symbol	Grade	Weight
NVDA	C	4.9%
AMZN	C	4.47%
META	D	3.63%
QCOM	F	3.18%
UBER	D	2.29%
VZ	C	2.26%
TSLA	B	2.22%
GOOG	C	2.16%
XOM	B	2.0%
PANW	C	1.81%
MU	D	1.75%
V	A	1.53%
INTC	D	1.52%
MA	C	1.4%
ABBV	D	1.22%
CVX	A	1.04%
KO	D	0.99%
BAC	A	0.99%
GE	D	0.69%
HPQ	B	0.62%
PFE	D	0.62%
UNP	C	0.56%
SPGI	C	0.55%
DELL	C	0.54%
LOW	D	0.51%
COP	C	0.49%
ELV	F	0.47%
MS	A	0.47%
HON	B	0.46%
C	A	0.45%
EA	A	0.45%
T	A	0.45%
ETN	A	0.44%
MDT	D	0.42%
ADP	B	0.4%
BA	F	0.38%
MELI	D	0.38%
CI	F	0.37%
DE	A	0.36%
MDLZ	F	0.36%
NKE	D	0.36%
UPS	C	0.35%
GILD	C	0.35%
SCHW	B	0.33%
DUK	C	0.32%
EQIX	A	0.29%
TT	A	0.29%
NOC	D	0.29%
CVS	D	0.27%
PYPL	B	0.27%
ITW	B	0.27%
MMM	D	0.26%
FDX	B	0.25%
FCX	D	0.25%
AON	A	0.24%
CSX	B	0.24%
MPC	D	0.23%
BDX	F	0.23%
PSX	C	0.22%
NEM	D	0.22%
EMR	A	0.22%
ECL	D	0.21%
NSC	B	0.2%
WMB	A	0.19%
OKE	A	0.18%
SRE	A	0.18%
TRV	B	0.18%
CCI	D	0.18%
D	C	0.18%
GM	B	0.18%
URI	B	0.18%
BK	A	0.17%
VLO	C	0.17%
JCI	C	0.17%
HLT	A	0.17%
LNG	B	0.16%
IPG	D	0.16%
LHX	C	0.16%
KMI	A	0.15%
HES	B	0.15%
EXC	C	0.15%
CMI	A	0.15%
EW	C	0.15%
F	C	0.15%
DD	D	0.14%
PEG	A	0.14%
A	D	0.14%
HWM	A	0.14%
OTIS	C	0.13%
KR	B	0.13%
AME	A	0.13%
VRSK	A	0.13%
VMC	B	0.12%
IR	B	0.12%
MLM	B	0.12%
XEL	A	0.12%
ED	D	0.12%
KHC	F	0.12%
AVB	B	0.11%
ROK	B	0.11%
EBAY	D	0.11%
VST	B	0.11%
EIX	B	0.11%
ADM	D	0.11%
RMD	C	0.11%
XYL	D	0.11%
DVN	F	0.1%
WEC	A	0.1%
PPG	F	0.1%
BIIB	F	0.1%
PCG	A	0.09%
TROW	B	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%
DTE	C	0.08%
ES	D	0.08%
NRG	B	0.07%
LII	A	0.07%
EXPD	D	0.07%
CMS	C	0.07%
TSN	B	0.07%
CLX	B	0.07%
BAH	F	0.07%
BAX	D	0.07%
K	A	0.07%
ILMN	D	0.07%
HBAN	A	0.07%
RF	A	0.07%
SWK	D	0.06%
LUV	C	0.06%
DOC	D	0.06%
DGX	A	0.06%
HUBB	B	0.06%
TXT	D	0.06%
SJM	D	0.05%
AMH	D	0.05%
NI	A	0.05%
OC	A	0.05%
ACM	A	0.05%
NDSN	B	0.05%
UAL	A	0.05%
LNT	A	0.05%
AES	F	0.05%
JBHT	C	0.05%
BG	F	0.05%
CF	B	0.05%
CPB	D	0.04%
REG	B	0.04%
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%
MOS	F	0.03%
HRL	D	0.03%
CNH	C	0.03%
TAP	C	0.03%

NACP Underweight 31 Positions Relative to ZECP

Symbol	Grade	Weight
PG	A	-2.62%
CAT	B	-2.61%
HD	A	-2.51%
SNPS	B	-2.36%
LLY	F	-2.24%
NFLX	A	-2.23%
CTAS	B	-2.05%
MMC	B	-1.99%
AMP	A	-1.97%
HIG	B	-1.78%
AMAT	F	-1.76%
RSG	A	-1.69%
ORCL	B	-1.55%
RTX	C	-1.33%
CDNS	B	-1.32%
INTU	C	-1.3%
PHM	D	-1.27%
AMGN	D	-1.23%
FI	A	-1.21%
SYK	C	-1.11%
TJX	A	-1.07%
TXN	C	-1.06%
MCD	D	-1.03%
AWK	D	-0.97%
WRB	A	-0.93%
BLK	C	-0.93%
GD	F	-0.93%
MAA	B	-0.89%
CHD	B	-0.79%
CAH	B	-0.76%
CSCO	B	-0.43%