UDIV vs. NACP ETF Comparison

Comparison of Franklin U.S. Core Dividend Tilt Index ETF (UDIV) to Impact Shares NAACP Minority Empowerment ETF (NACP)

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$46.42

Average Daily Volume

4,741

Number of Holdings ^*

277

* 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	UDIV	NACP
30 Days	2.89%	2.08%
60 Days	4.78%	4.48%
90 Days	6.71%	6.57%
12 Months	35.02%	32.92%

119 Overlapping Holdings

Symbol	Grade	Weight in UDIV	Weight in NACP	Overlap
AAPL	C	6.17%	5.03%	5.03%
ABBV	D	0.97%	1.22%	0.97%
ABT	B	0.48%	0.69%	0.48%
ACN	C	0.45%	3.58%	0.45%
ADP	B	0.13%	0.4%	0.13%
AEP	D	0.29%	0.19%	0.19%
AES	F	0.06%	0.05%	0.05%
AMZN	C	3.48%	4.47%	3.48%
AVB	B	0.18%	0.11%	0.11%
BAC	A	0.65%	0.99%	0.65%
BAX	D	0.09%	0.07%	0.07%
BK	A	0.33%	0.17%	0.17%
BMY	B	0.69%	0.35%	0.35%
C	A	0.82%	0.45%	0.45%
CCI	D	0.24%	0.18%	0.18%
CLX	B	0.12%	0.07%	0.07%
CMI	A	0.3%	0.15%	0.15%
CMS	C	0.11%	0.07%	0.07%
CNH	C	0.06%	0.03%	0.03%
COP	C	0.25%	0.49%	0.25%
CPB	D	0.05%	0.04%	0.04%
CVS	D	0.39%	0.27%	0.27%
CVX	A	1.12%	1.04%	1.04%
D	C	0.27%	0.18%	0.18%
DELL	C	0.1%	0.54%	0.1%
DOC	D	0.09%	0.06%	0.06%
DTE	C	0.14%	0.08%	0.08%
DUK	C	0.49%	0.32%	0.32%
DVN	F	0.16%	0.1%	0.1%
EBAY	D	0.13%	0.11%	0.11%
ED	D	0.19%	0.12%	0.12%
EIX	B	0.19%	0.11%	0.11%
EMN	D	0.07%	0.04%	0.04%
EMR	A	0.22%	0.22%	0.22%
EQIX	A	0.21%	0.29%	0.21%
ES	D	0.12%	0.08%	0.08%
ETN	A	0.41%	0.44%	0.41%
ETR	B	0.18%	0.08%	0.08%
EXC	C	0.22%	0.15%	0.15%
F	C	0.27%	0.15%	0.15%
FDX	B	0.08%	0.25%	0.08%
FE	C	0.12%	0.08%	0.08%
GILD	C	0.63%	0.35%	0.35%
GOOG	C	1.73%	2.16%	1.73%
GOOGL	C	1.92%	2.41%	1.92%
HBAN	A	0.16%	0.07%	0.07%
HON	B	0.18%	0.46%	0.18%
HPQ	B	0.23%	0.62%	0.23%
HRL	D	0.05%	0.03%	0.03%
HUBB	B	0.06%	0.06%	0.06%
IBM	C	0.81%	3.08%	0.81%
IFF	D	0.13%	0.09%	0.09%
INTC	D	0.41%	1.52%	0.41%
IPG	D	0.06%	0.16%	0.06%
ITW	B	0.43%	0.27%	0.27%
JCI	C	0.23%	0.17%	0.17%
JNJ	D	1.16%	1.44%	1.16%
JPM	A	1.35%	2.39%	1.35%
K	A	0.12%	0.07%	0.07%
KHC	F	0.16%	0.12%	0.12%
KMI	A	0.32%	0.15%	0.15%
KO	D	0.74%	0.99%	0.74%
LNT	A	0.09%	0.05%	0.05%
LOW	D	0.27%	0.51%	0.27%
LUV	C	0.11%	0.06%	0.06%
MA	C	0.23%	1.4%	0.23%
MDT	D	0.56%	0.42%	0.42%
MELI	D	0.28%	0.38%	0.28%
MET	A	0.11%	0.17%	0.11%
META	D	2.13%	3.63%	2.13%
MMM	D	0.36%	0.26%	0.26%
MRK	F	0.71%	1.03%	0.71%
MS	A	0.94%	0.47%	0.47%
MSFT	F	6.07%	4.63%	4.63%
MU	D	0.2%	1.75%	0.2%
NEE	D	0.11%	0.66%	0.11%
NEM	D	0.01%	0.22%	0.01%
NI	A	0.09%	0.05%	0.05%
NKE	D	0.13%	0.36%	0.13%
NSC	B	0.07%	0.2%	0.07%
NVDA	C	6.83%	4.9%	4.9%
OKE	A	0.38%	0.18%	0.18%
PANW	C	0.27%	1.81%	0.27%
PEG	A	0.16%	0.14%	0.14%
PEP	F	0.57%	0.92%	0.57%
PFE	D	0.66%	0.62%	0.62%
PFG	D	0.12%	0.03%	0.03%
PLD	D	0.43%	0.42%	0.42%
PNC	B	0.5%	0.27%	0.27%
PPL	B	0.14%	0.08%	0.08%
PSX	C	0.22%	0.22%	0.22%
QCOM	F	0.74%	3.18%	0.74%
REG	B	0.07%	0.04%	0.04%
RF	A	0.15%	0.07%	0.07%
ROK	B	0.2%	0.11%	0.11%
SCCO	F	0.06%	0.03%	0.03%
SJM	D	0.07%	0.05%	0.05%
SO	D	0.53%	0.35%	0.35%
SWK	D	0.08%	0.06%	0.06%
T	A	0.79%	0.45%	0.45%
TAP	C	0.05%	0.03%	0.03%
TFC	A	0.38%	0.22%	0.22%
TROW	B	0.16%	0.09%	0.09%
TSLA	B	1.48%	2.22%	1.48%
TSN	B	0.11%	0.07%	0.07%
TT	A	0.02%	0.29%	0.02%
UBER	D	0.28%	2.29%	0.28%
UNH	C	0.87%	1.95%	0.87%
UNP	C	0.3%	0.56%	0.3%
UPS	C	0.57%	0.35%	0.35%
V	A	0.34%	1.53%	0.34%
VLO	C	0.08%	0.17%	0.08%
VZ	C	0.77%	2.26%	0.77%
WBA	F	0.04%	0.03%	0.03%
WEC	A	0.18%	0.1%	0.1%
WMB	A	0.41%	0.19%	0.19%
WMT	A	0.03%	0.73%	0.03%
XEL	A	0.21%	0.12%	0.12%
XOM	B	1.35%	2.0%	1.35%

UDIV Overweight 158 Positions Relative to NACP

Symbol	Grade	Weight
AVGO	D	1.72%
LLY	F	1.21%
HD	A	1.06%
BLK	C	0.87%
CSCO	B	0.86%
PM	B	0.86%
TXN	C	0.85%
PG	A	0.78%
BX	A	0.76%
NFLX	A	0.64%
AMGN	D	0.62%
MO	A	0.56%
ADI	D	0.52%
CRM	B	0.51%
ORCL	B	0.5%
NOW	A	0.47%
INTU	C	0.47%
USB	A	0.47%
CME	A	0.46%
GS	A	0.44%
AMD	F	0.43%
WFC	A	0.42%
APO	B	0.4%
AMAT	F	0.38%
CMCSA	B	0.36%
AMT	D	0.35%
NXPI	D	0.35%
ADBE	C	0.35%
LRCX	F	0.34%
SPG	B	0.33%
DLR	B	0.32%
PLTR	B	0.31%
CRWD	B	0.3%
KLAC	D	0.3%
SBUX	A	0.3%
PSA	D	0.29%
ANET	C	0.28%
PRU	A	0.28%
TGT	F	0.28%
O	D	0.28%
FAST	B	0.27%
COST	B	0.26%
PAYX	C	0.26%
KMB	D	0.26%
KVUE	A	0.23%
MCD	D	0.23%
MSCI	C	0.23%
MTB	A	0.22%
FANG	D	0.21%
GLW	B	0.21%
EXR	D	0.2%
GIS	D	0.2%
MCHP	D	0.2%
VICI	C	0.19%
DOW	F	0.19%
FITB	A	0.19%
VRT	B	0.18%
STT	A	0.18%
BKR	B	0.18%
APD	A	0.18%
RTX	C	0.18%
GRMN	B	0.18%
ARES	A	0.18%
IRM	D	0.17%
SYY	B	0.17%
KKR	A	0.16%
SW	A	0.16%
LIN	D	0.14%
ISRG	A	0.14%
DFS	B	0.14%
VTR	C	0.14%
CDNS	B	0.14%
CINF	A	0.14%
EQR	B	0.14%
NTAP	C	0.14%
LYB	F	0.13%
DIS	B	0.13%
NTRS	A	0.13%
CFG	B	0.13%
COIN	C	0.13%
MPWR	F	0.12%
INVH	D	0.12%
DRI	B	0.12%
CTRA	B	0.12%
CMG	B	0.12%
IP	B	0.12%
WELL	A	0.12%
MRVL	B	0.12%
PKG	A	0.12%
ESS	B	0.11%
ZS	C	0.11%
GPC	D	0.11%
SNA	A	0.11%
BBY	D	0.11%
BR	A	0.11%
STX	D	0.11%
OMC	C	0.11%
DASH	A	0.11%
KEY	B	0.11%
WSO	A	0.11%
SNPS	B	0.11%
ALL	A	0.1%
VTRS	A	0.1%
ARE	D	0.1%
KIM	A	0.1%
CAT	B	0.1%
HPE	B	0.1%
MAA	B	0.1%
SUI	D	0.09%
AMCR	D	0.09%
DDOG	A	0.09%
FNF	B	0.09%
EWBC	A	0.09%
EL	F	0.09%
UDR	B	0.08%
AXON	A	0.08%
LVS	C	0.08%
EVRG	A	0.08%
SWKS	F	0.08%
EOG	A	0.07%
WPC	D	0.07%
CG	A	0.07%
JNPR	F	0.07%
BXP	D	0.07%
CAG	D	0.07%
HST	C	0.07%
CPT	B	0.07%
GEN	B	0.07%
ELS	C	0.07%
WDAY	B	0.06%
APA	D	0.06%
SLB	C	0.06%
HUBS	A	0.06%
SNOW	C	0.06%
TTD	B	0.06%
NET	B	0.06%
GD	F	0.06%
LKQ	D	0.06%
MDB	C	0.05%
APH	A	0.05%
BEN	C	0.04%
TSCO	D	0.04%
SQ	B	0.04%
RPRX	D	0.04%
ENTG	D	0.04%
CRBG	B	0.04%
AEE	A	0.03%
SMCI	F	0.03%
DG	F	0.03%
AGR	B	0.02%
SYK	C	0.02%
OKTA	C	0.02%
DT	C	0.02%
FIS	C	0.02%
CAH	B	0.02%
TER	D	0.02%
SIRI	C	0.01%
BSY	D	0.01%

UDIV Underweight 78 Positions Relative to NACP

Symbol	Grade	Weight
TMO	F	-0.83%
GE	D	-0.69%
DHR	F	-0.64%
AXP	A	-0.56%
SPGI	C	-0.55%
ELV	F	-0.47%
EA	A	-0.45%
BSX	B	-0.41%
BA	F	-0.38%
CI	F	-0.37%
DE	A	-0.36%
MDLZ	F	-0.36%
SCHW	B	-0.33%
NOC	D	-0.29%
PYPL	B	-0.27%
MCO	B	-0.26%
FCX	D	-0.25%
AON	A	-0.24%
CSX	B	-0.24%
MPC	D	-0.23%
BDX	F	-0.23%
ECL	D	-0.21%
MAR	B	-0.19%
SRE	A	-0.18%
TRV	B	-0.18%
GM	B	-0.18%
URI	B	-0.18%
HLT	A	-0.17%
LNG	B	-0.16%
LHX	C	-0.16%
HES	B	-0.15%
EW	C	-0.15%
DD	D	-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%
RCL	A	-0.12%
VST	B	-0.11%
ADM	D	-0.11%
RMD	C	-0.11%
XYL	D	-0.11%
HSY	F	-0.1%
PPG	F	-0.1%
BIIB	F	-0.1%
PCG	A	-0.09%
DAL	C	-0.09%
SYF	B	-0.08%
APTV	D	-0.08%
SBAC	D	-0.08%
NDAQ	A	-0.08%
NRG	B	-0.07%
LII	A	-0.07%
EXPD	D	-0.07%
BAH	F	-0.07%
LH	C	-0.07%
ILMN	D	-0.07%
DGX	A	-0.06%
TXT	D	-0.06%
AMH	D	-0.05%
OC	A	-0.05%
ACM	A	-0.05%
NDSN	B	-0.05%
UAL	A	-0.05%
JBHT	C	-0.05%
BG	F	-0.05%
CF	B	-0.05%
LECO	B	-0.04%
TFX	F	-0.04%
ALB	C	-0.04%
USFD	A	-0.04%
BWA	D	-0.03%
MOS	F	-0.03%