SGLC vs. NACP ETF Comparison

Comparison of The RBB Fund, Inc. SGI U.S. Large Cap Core ETF (SGLC) to Impact Shares NAACP Minority Empowerment ETF (NACP)

SGLC

The RBB Fund, Inc. SGI U.S. Large Cap Core ETF

SGLC Description

The fund is an actively-managed ETF and seeks to achieve its objective by investing under normal circumstances at least 80% of the net assets of the portfolio (including borrowings for investment purposes) in securities of companies within the Russell 1000® Index and S&P 500® Index. The fund"s investments will generally consist primarily of common stocks, but may also include preferred stocks, warrants to acquire common stock, and securities convertible into common stock. The fund purchases equity securities traded in the United States on registered exchanges or the over-the-counter market.

Grade (RS Rating)

Last Trade

$36.40

Average Daily Volume

9,569

Number of Holdings ^*

115

* 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	SGLC	NACP
30 Days	2.36%	2.08%
60 Days	2.87%	4.48%
90 Days	3.52%	6.57%
12 Months	28.50%	32.92%

36 Overlapping Holdings

Symbol	Grade	Weight in SGLC	Weight in NACP	Overlap
AAPL	C	4.24%	5.03%	4.24%
ABBV	D	0.25%	1.22%	0.25%
ADP	B	1.88%	0.4%	0.4%
AEP	D	0.21%	0.19%	0.19%
AMZN	C	4.87%	4.47%	4.47%
AXP	A	0.23%	0.56%	0.23%
BAC	A	1.45%	0.99%	0.99%
C	A	0.2%	0.45%	0.2%
CI	F	0.21%	0.37%	0.21%
CMI	A	0.21%	0.15%	0.15%
COP	C	0.18%	0.49%	0.18%
CSX	B	0.22%	0.24%	0.22%
ELV	F	0.6%	0.47%	0.47%
EXC	C	0.35%	0.15%	0.15%
F	C	0.17%	0.15%	0.15%
FCX	D	0.21%	0.25%	0.21%
FDX	B	0.19%	0.25%	0.19%
GM	B	0.19%	0.18%	0.18%
GOOGL	C	4.72%	2.41%	2.41%
JPM	A	0.19%	2.39%	0.19%
KO	D	0.49%	0.99%	0.49%
KR	B	1.83%	0.13%	0.13%
MA	C	3.57%	1.4%	1.4%
MET	A	0.22%	0.17%	0.17%
META	D	4.48%	3.63%	3.63%
MSFT	F	6.36%	4.63%	4.63%
NEM	D	0.24%	0.22%	0.22%
NVDA	C	5.56%	4.9%	4.9%
OC	A	0.85%	0.05%	0.05%
QCOM	F	3.22%	3.18%	3.18%
SRE	A	0.6%	0.18%	0.18%
SYF	B	0.21%	0.08%	0.08%
T	A	0.0%	0.45%	0.0%
TT	A	0.38%	0.29%	0.29%
UNP	C	1.4%	0.56%	0.56%
WMT	A	0.24%	0.73%	0.24%

SGLC Overweight 79 Positions Relative to NACP

Symbol	Grade	Weight
ALL	A	3.4%
VEEV	C	2.75%
PGR	A	2.64%
COST	B	2.48%
SPG	B	2.32%
REGN	F	2.16%
LLY	F	2.1%
AMAT	F	1.99%
UTHR	C	1.89%
PPC	C	1.79%
NBIX	C	1.07%
HUM	C	0.89%
BRK.A	B	0.79%
LEN	D	0.74%
CL	D	0.74%
ANET	C	0.71%
HD	A	0.7%
AFG	A	0.58%
SPOT	B	0.56%
NOW	A	0.51%
ADBE	C	0.49%
ACGL	D	0.46%
LYB	F	0.45%
SYY	B	0.42%
AVGO	D	0.4%
TDG	D	0.4%
INTU	C	0.36%
ROST	C	0.35%
WM	A	0.33%
APP	B	0.31%
AMD	F	0.27%
CMCSA	B	0.27%
HCA	F	0.26%
DHI	D	0.26%
UHS	D	0.26%
HIG	B	0.25%
CAT	B	0.25%
UNM	A	0.25%
CBRE	B	0.24%
ORCL	B	0.24%
PHM	D	0.24%
KLAC	D	0.24%
CRM	B	0.23%
LDOS	C	0.22%
DIS	B	0.22%
EOG	A	0.22%
VRTX	F	0.22%
LPX	B	0.22%
IBKR	A	0.22%
WING	D	0.22%
AMP	A	0.22%
NFLX	A	0.22%
MPWR	F	0.21%
EG	C	0.21%
ADSK	A	0.21%
TJX	A	0.21%
FANG	D	0.2%
NVR	D	0.2%
CTSH	B	0.2%
ISRG	A	0.2%
BPOP	B	0.2%
BKNG	A	0.2%
CNC	D	0.2%
TXRH	C	0.2%
AMKR	D	0.19%
PRU	A	0.19%
BBWI	D	0.19%
GWW	B	0.19%
HST	C	0.19%
WDAY	B	0.19%
AIG	B	0.19%
TGT	F	0.19%
APH	A	0.19%
ZM	B	0.18%
MTDR	B	0.18%
PCAR	B	0.18%
CHRD	D	0.17%
MEDP	D	0.17%
OVV	B	0.17%

SGLC Underweight 161 Positions Relative to NACP

Symbol	Grade	Weight
ACN	C	-3.58%
IBM	C	-3.08%
UBER	D	-2.29%
VZ	C	-2.26%
TSLA	B	-2.22%
GOOG	C	-2.16%
XOM	B	-2.0%
UNH	C	-1.95%
PANW	C	-1.81%
MU	D	-1.75%
V	A	-1.53%
INTC	D	-1.52%
JNJ	D	-1.44%
CVX	A	-1.04%
MRK	F	-1.03%
PEP	F	-0.92%
TMO	F	-0.83%
ABT	B	-0.69%
GE	D	-0.69%
NEE	D	-0.66%
DHR	F	-0.64%
HPQ	B	-0.62%
PFE	D	-0.62%
SPGI	C	-0.55%
DELL	C	-0.54%
LOW	D	-0.51%
MS	A	-0.47%
HON	B	-0.46%
EA	A	-0.45%
ETN	A	-0.44%
MDT	D	-0.42%
PLD	D	-0.42%
BSX	B	-0.41%
BA	F	-0.38%
MELI	D	-0.38%
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%
NOC	D	-0.29%
PNC	B	-0.27%
CVS	D	-0.27%
PYPL	B	-0.27%
ITW	B	-0.27%
MMM	D	-0.26%
MCO	B	-0.26%
AON	A	-0.24%
MPC	D	-0.23%
BDX	F	-0.23%
PSX	C	-0.22%
TFC	A	-0.22%
EMR	A	-0.22%
ECL	D	-0.21%
NSC	B	-0.2%
WMB	A	-0.19%
MAR	B	-0.19%
OKE	A	-0.18%
TRV	B	-0.18%
CCI	D	-0.18%
D	C	-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%
EW	C	-0.15%
DD	D	-0.14%
PEG	A	-0.14%
A	D	-0.14%
HWM	A	-0.14%
OTIS	C	-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%
RCL	A	-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%
HSY	F	-0.1%
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%
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%
EXPD	D	-0.07%
CMS	C	-0.07%
TSN	B	-0.07%
CLX	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%
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%
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%