NACP
Impact Shares NAACP Minority Empowerment ETF
The Impact Shares NAACP Minority Empowerment ETF tracks an index of US large- and midcap companies selected and weighted based on social criteria as defined by the NAACP.
Fund Basics
Fund sponsor | Impact Shares |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Jul 12, 2018 |
Assets (mns) | $44 |
Expense ratio | 49 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Principles-based |
Weighting | Principles-based |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
NVIDIA CORP | 9.1 % |
APPLE INC | 5.6 % |
META PLATFORMS INC | 3.4 % |
AMAZON.COM INC | 3.3 % |
ALPHABET INC. CLASS A | 3.0 % |
ALPHABET INC. CLASS C | 2.7 % |
TESLA MOTORS INC | 2.6 % |
UNITEDHEALTH GROUP INC | 2.1 % |
SALESFORCE.COM INC | 2.0 % |
EXXON MOBIL CORP | 2.0 % |
Constituent Breakdown
Number of holdings | 202 |
Herfindahl-Hirschman Index | 217 |
Wgt avg mkt cap (mns) | $553,905 |
Large cap (>$10bn) | 97.2% |
Mid cap ($2-10bn) | 0.4% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.7% |
Emerging mkts. | 0.3% |
Country Exposure
UNITED STATES | 90.6 % | |
IRELAND | 3.3 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
13.0% | 2.9% | 0.1% | 12.7% | -- | -- | 11.0% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.02 | 97% |
MSCI EAFE | 0.86 | 69% |
MSCI Emg Mkts | 0.62 | 36% |
Liquidity Measures
Avg. volume (000) | 3 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.15% |
ADV of underlying (mns) | $94,094 |
Technical Indicators
Recent close | $30.65 |
30d moving avg. | $29.30 |
Annualized volatility | 18.7% |
Relative strength (RSI) | 63 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. NACP |
Expenses vs. NACP |
ALTAR Score™ vs. NACP |
---|---|---|---|---|
WOMN | Impact Shares YWCA Women's Empowerment ETF | 60.4% | +26 bp | -0.1% |
OEF | iShares S&P 100 ETF | 58.7% | -29 bp | -0.1% |
USCA | Xtrackers MSCI USA Climate Action Equity ETF | 58.7% | -42 bp | +0.1% |
IWL | iShares Russell Top 200 ETF | 57.2% | -34 bp | 0.0% |
SNPE | Xtrackers S&P 500 ESG ETF | 56.6% | -39 bp | +0.3% |
MGC | Vanguard Mega Cap Index Fund | 56.5% | -42 bp | +0.0% |
BKLC | BNY Mellon US Large Cap Core Equity ETF | 56.4% | -49 bp | +0.1% |
JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 55.3% | -29 bp | +0.1% |
SPXT | ProShares S&P 500 Ex-Technology ETF | 55.2% | -22 bp | +0.7% |
XLG | Invesco S&P 500 Top 50 ETF | 53.9% | -29 bp | -0.6% |
Risk and Returns: NACP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2022 | 2023E | Fwd Est | 2024E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 6/2/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
NACP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
NACP
5.3%
Cat. Avg
6.2%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.3% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.2% and a standard deviation of
3.1%. NACP's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places NACP in the 39th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
NACP
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
NACP | 49.0 | 14.9 | 63.9 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .