NOBL vs. NACP ETF Comparison

Comparison of ProShares S&P 500 Aristocrats ETF (NOBL) to Impact Shares NAACP Minority Empowerment ETF (NACP)

NOBL

ProShares S&P 500 Aristocrats ETF

NOBL Description

The investment seeks investment results before fees and expenses that track the performance of the S&P 500Â® Dividend AristocratsÂ® Index (the "index"). The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the index). The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight.

Grade (RS Rating)

Last Trade

$106.96

Average Daily Volume

423,177

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	NOBL	NACP
30 Days	1.07%	2.08%
60 Days	1.14%	4.48%
90 Days	3.79%	6.57%
12 Months	20.86%	32.92%

29 Overlapping Holdings

Symbol	Grade	Weight in NOBL	Weight in NACP	Overlap
ABBV	D	1.33%	1.22%	1.22%
ABT	B	1.53%	0.69%	0.69%
ADM	D	1.41%	0.11%	0.11%
ADP	B	1.56%	0.4%	0.4%
ALB	C	1.66%	0.04%	0.04%
BDX	F	1.42%	0.23%	0.23%
CLX	B	1.61%	0.07%	0.07%
CVX	A	1.62%	1.04%	1.04%
ECL	D	1.46%	0.21%	0.21%
ED	D	1.37%	0.12%	0.12%
EMR	A	1.81%	0.22%	0.22%
EXPD	D	1.53%	0.07%	0.07%
HRL	D	1.43%	0.03%	0.03%
IBM	C	1.45%	3.08%	1.45%
ITW	B	1.6%	0.27%	0.27%
JNJ	D	1.43%	1.44%	1.43%
KO	D	1.39%	0.99%	0.99%
LOW	D	1.52%	0.51%	0.51%
MDT	D	1.46%	0.42%	0.42%
NDSN	B	1.54%	0.05%	0.05%
NEE	D	1.4%	0.66%	0.66%
PEP	F	1.39%	0.92%	0.92%
PPG	F	1.47%	0.1%	0.1%
SJM	D	1.43%	0.05%	0.05%
SPGI	C	1.55%	0.55%	0.55%
SWK	D	1.28%	0.06%	0.06%
TROW	B	1.61%	0.09%	0.09%
WMT	A	1.54%	0.73%	0.73%
XOM	B	1.53%	2.0%	1.53%

NOBL Overweight 36 Positions Relative to NACP

Symbol	Grade	Weight
GPC	D	1.67%
CINF	A	1.67%
DOV	A	1.65%
BEN	C	1.64%
FAST	B	1.64%
GWW	B	1.64%
CHD	B	1.63%
PNR	A	1.62%
CAH	B	1.62%
NUE	C	1.58%
TGT	F	1.58%
BRO	B	1.58%
KVUE	A	1.57%
CTAS	B	1.57%
SHW	A	1.57%
ATO	A	1.56%
CHRW	C	1.56%
ROP	B	1.54%
APD	A	1.54%
SYY	B	1.54%
PG	A	1.53%
AFL	B	1.52%
ESS	B	1.52%
KMB	D	1.51%
CAT	B	1.51%
FRT	B	1.5%
CB	C	1.49%
MCD	D	1.46%
MKC	D	1.44%
CL	D	1.44%
GD	F	1.44%
LIN	D	1.43%
WST	C	1.41%
AOS	F	1.41%
AMCR	D	1.39%
O	D	1.36%

NOBL Underweight 168 Positions Relative to NACP

Symbol	Grade	Weight
AAPL	C	-5.03%
NVDA	C	-4.9%
MSFT	F	-4.63%
AMZN	C	-4.47%
META	D	-3.63%
ACN	C	-3.58%
QCOM	F	-3.18%
GOOGL	C	-2.41%
JPM	A	-2.39%
UBER	D	-2.29%
VZ	C	-2.26%
TSLA	B	-2.22%
GOOG	C	-2.16%
UNH	C	-1.95%
PANW	C	-1.81%
MU	D	-1.75%
V	A	-1.53%
INTC	D	-1.52%
MA	C	-1.4%
MRK	F	-1.03%
BAC	A	-0.99%
TMO	F	-0.83%
GE	D	-0.69%
DHR	F	-0.64%
HPQ	B	-0.62%
PFE	D	-0.62%
AXP	A	-0.56%
UNP	C	-0.56%
DELL	C	-0.54%
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%
PLD	D	-0.42%
BSX	B	-0.41%
BA	F	-0.38%
MELI	D	-0.38%
CI	F	-0.37%
DE	A	-0.36%
MDLZ	F	-0.36%
NKE	D	-0.36%
BMY	B	-0.35%
UPS	C	-0.35%
GILD	C	-0.35%
SO	D	-0.35%
SCHW	B	-0.33%
DUK	C	-0.32%
EQIX	A	-0.29%
TT	A	-0.29%
NOC	D	-0.29%
PNC	B	-0.27%
CVS	D	-0.27%
PYPL	B	-0.27%
MMM	D	-0.26%
MCO	B	-0.26%
FDX	B	-0.25%
FCX	D	-0.25%
AON	A	-0.24%
CSX	B	-0.24%
MPC	D	-0.23%
PSX	C	-0.22%
TFC	A	-0.22%
NEM	D	-0.22%
NSC	B	-0.2%
WMB	A	-0.19%
AEP	D	-0.19%
MAR	B	-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%
MET	A	-0.17%
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%
KHC	F	-0.12%
RCL	A	-0.12%
AVB	B	-0.11%
ROK	B	-0.11%
EBAY	D	-0.11%
VST	B	-0.11%
EIX	B	-0.11%
RMD	C	-0.11%
XYL	D	-0.11%
HSY	F	-0.1%
DVN	F	-0.1%
WEC	A	-0.1%
BIIB	F	-0.1%
PCG	A	-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%
NDAQ	A	-0.08%
DTE	C	-0.08%
ES	D	-0.08%
NRG	B	-0.07%
LII	A	-0.07%
CMS	C	-0.07%
TSN	B	-0.07%
BAH	F	-0.07%
BAX	D	-0.07%
LH	C	-0.07%
K	A	-0.07%
ILMN	D	-0.07%
HBAN	A	-0.07%
RF	A	-0.07%
LUV	C	-0.06%
DOC	D	-0.06%
DGX	A	-0.06%
HUBB	B	-0.06%
TXT	D	-0.06%
AMH	D	-0.05%
NI	A	-0.05%
OC	A	-0.05%
ACM	A	-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%
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%
CNH	C	-0.03%
TAP	C	-0.03%