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.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

49 bp

EXPENSES

$48.4 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorImpact Shares
CategoryUS
Asset classEquity
Websitelink...
Inception dateJul 12, 2018
Assets (mns)$48
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 %
APPLE INC 5.6 %
MICROSOFT CORP 5.2 %
AMAZON.COM INC 5.0 %
META PLATFORMS INC 3.7 %
QUALCOMM INC 3.5 %
ALPHABET INC. CLASS A 3.3 %
ALPHABET INC. CLASS C 3.0 %
ACCENTURE PLC-CL A 2.7 %
MICRON TECHNOLOGY INC 2.3 %
Constituent Breakdown
Number of holdings204
Herfindahl-Hirschman Index 239
Wgt avg mkt cap (mns)$847,720
Large cap (>$10bn)99.7%
Mid cap ($2-10bn)0.1%
Small cap (<$2bn)0.0%
Developed mkts.99.7%
Emerging mkts.0.3%
Country Exposure
UNITED STATES 94.6 %
IRELAND 4.3 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 16.9% 26.9% 22.7% 9.6% 16.0% -- 14.4%
Volatility 12.1% 12.2% 16.9% 17.5% 19.9% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0198%
MSCI EAFE0.8869%
MSCI Emg Mkts0.6539%
Liquidity Measures
Avg. volume (000)2
Turnover0.2%
Avg. Bid/Ask (% of price)0.26%
ADV of underlying (mns)$276,175
Technical Indicators
Recent close$40.33
30d moving avg.$38.00
Annualized volatility18.4%
Relative strength (RSI)63
Short interest (ETF)1.0%
Short interest (underlying)1.4%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial

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.

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

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 --%
2.6 20.2 3.7 1.5% --
Based on closing prices from 7/12/2024
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.

Some content on this tab for Individual & Professional subscribers only. Start your FREE trial

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

NACP

4.9%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.9%
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 category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. 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
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
NACP (49 bp) Percentile rank 53
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
NACP 49.0 25.6 74.6
Peer Avg. 36.9 15.0 51.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .