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.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

USCA

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorImpact Shares
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJul 12, 2018
Assets (mns)$44
Expense ratio49 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionPrinciples-based
WeightingPrinciples-based
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NVIDIA CORP 6.4 %
META PLATFORMS INC 5.4 %
AMAZON.COM INC 5.1 %
MICROSOFT CORP 4.9 %
APPLE INC 4.1 %
ACCENTURE PLC-CL A 3.7 %
INTEL CORP 3.1 %
QUALCOMM INC 2.7 %
INTL BUSINESS MACHINES CORP 2.7 %
ALPHABET INC. CLASS A 2.7 %
Constituent Breakdown
Number of holdings203
Herfindahl-Hirschman Index 309
Wgt avg mkt cap (mns)$707,119
Large cap (>$10bn)99.7%
Mid cap ($2-10bn)0.3%
Small cap (<$2bn)0.0%
Developed mkts.99.7%
Emerging mkts.0.3%
Country Exposure
UNITED STATES 94.0 %
IRELAND 5.3 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 23.7% 5.4% 8.3% 13.6% -- 12.1%
Market Correlations
versus...BetaR-squared
S&P 5001.03101%
MSCI EAFE0.9172%
MSCI Emg Mkts0.6640%
Liquidity Measures
Avg. volume (000)5
Turnover0.4%
Avg. Bid/Ask (% of price)0.17%
ADV of underlying (mns)$191,762
Technical Indicators
Recent close$37.07
30d moving avg.$32.34
Annualized volatility18.4%
Relative strength (RSI)82
Short interest (ETF)0.0%
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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Risk and Returns: NACP vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
2.7 19.6 3.7 1.5% --
Based on closing prices from 2/29/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

4.8%

Cat. Avg

5.7%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.8%
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 885 funds in the US Equities category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. NACP's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places NACP in the 38th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
NACP
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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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 16.5 65.5
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.