The NAACP Minority Empowerment ETF

NACP

The Overall Morningstar rating for the period ending 9/30/24 is against 1,292 funds in the US Fund Large Blend Funds category and is based on risk-adjusted returns.

NACP

Fund Description and Objective

NACP tracks the Morningstar Minority Empowerment Index, which is designed to provide exposure to US companies with strong racial and ethnic diversity policies in place, empowering employees irrespective of theirrace or nationality.

Broad equity market exposure; racial justice and equality.

NACP is designed to provide broad equity market exposure to U.S. large- and mid-cap companies that fit the NAACP’s vision of good corporate citizens. With NACP, investors may achieve market returns while investing in a way that is consistent with their values.

A nonprofit ETF.

Impact Shares is a 501(c)(3) nonprofit organization, which is why it donates all net advisory profits* from NACP’s ETF management fee to the NAACP. This provides an additional funding source for the NAACP’s mission, to ensure a society in which all individuals have equal rights without discrimination based on race.

Support the NAACP.

Founded in 1909, the historic power of the NAACP in advancing human rights has been transformative, impacting an expansive range of issues within American society from the eradication of lynch mobs, to ensuring equal education (Brown v. Board of Education), and ushering in the Civil Rights movement. In the 21st century, the NAACP sees corporate American as the “third act” for the equity movement, with racial and ethnic equity, empowerment, and inclusion the next frontier for the private sector.

Disclaimer: Net Profits is the excess, if any, of Impact Shares’ fund fees after the deduction of operating expense and a reserve for working capital. Due to the relatively small size of the Fund, Impact Shares’ Fund fees have not yet exceeded its related operating expenses. Accordingly, Impact Shares has not yet made any charitable contributions from such fees. There can be no assurance that Impact Shares’ Fund fees will exceed operating expenses in the future. The fund is not sponsored, endorsed, or promoted by NAACP.

Fund Information

wdt_ID	Name	Data
1	Inception Date	7/18/2018
2	Ticker	NACP
3	Primary Exchange	NYSE Arca
4	CUSIP	45259A209
5	Expense Ratio	0.49%
6	Index Name	Morningstar Minority Empowerment PR USD
7	Index Ticker	MSEGMEPU
8	Index Provider	Morningstar

Fund Data & Pricing

Rate Date
12/24/2024

Name	value
Net Assets	$55.76m
NAV	$42.89
Shares Outstanding	1,300,000
Premium/discount Percentage	-0.10%
Closing Price	$42.85
Median 30 Day Spread**	0.16%

Performance

RETURNS

Inception Date: 07/18/2018

Month-End

Quarter-End

Month-End

Name
11/30/2024

Name		1MO	3MO	6MO	YTD	1YR	3YR	5YR	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Impact Shares NAACP Minority Empowerment ETF	NACP NAV	5.53	6.93	13.06	27.90	33.82	9.86	16.25	144.98	15.10	11/30/2024
Impact Shares NAACP Minority Empowerment ETF	NACP MKT	5.47	6.96	13.15	28.10	33.89	9.87	16.25	145.12	15.11	11/30/2024

Quarter-End

DAILY CHANGE

Net Asset Value (NAV)

Rate Date
12/24/2024

name	data
Market Price	42.85
Daily Change	$0.46 (1.08%)

Market Price

Rate Date
12/24/2024

name	data
NAV	42.89
Daily Change	$0.40 (0.95%)

PREMIUM/DISCOUNT

Rate Date
12/24/2024

Name	value
Net Assets	$55.76m
NAV	$42.89
Shares Outstanding	1,300,000
Premium/discount Percentage	-0.10%
Closing Price	$42.85
Median 30 Day Spread**	0.16%

Data as of	Days at Premium	Days at Nav	Days at Discount
06/28/2024	48	0	15

Data as of	Days at Premium	Days at Nav	Days at Discount
06/28/2024	48	0	15

Data as of	Days at Premium	Days at Nav	Days at Discount
03/28/2024	21	0	39

Data as of	Days at Premium	Days at Nav	Days at Discount
12/29/2023	14	0	48

Data as of	Days at Premium	Days at Nav	Days at Discount
09/29/2023	42	0	21

Data as of	Days at Premium	Days at Nav	Days at Discount
06/30/2023	41	0	21

Data as of	Days at Premium	Days at Nav	Days at Discount
03/31/2023	30	0	32

Data as of	Days at Premium	Days at Nav	Days at Discount
12/30/2022	34	0	29

Data as of	Days at Premium	Days at Nav	Days at Discount
09/30/2022	41	0	23

Data as of	Days at Premium	Days at Nav	Days at Discount
06/30/2022	39	0	23

Data as of	Days at Premium	Days at Nav	Days at Discount
3/30/22	36	1	18

Data as of	Days at Premium	Days at Nav	Days at Discount
12/31/21	44	0	10

wdt_ID	Days at Premium	Days at NAV	Days at Discount
1	65 Days at Premium	0 Days at NAV	1 Days at Discount

wdt_ID	Days at Premium	Days at NAV	Days at Discount
1	53 Days at Premium	0 Days at NAV	11 Days at Discount

wdt_ID	Days at Premium	Days at NAV	Days at Discount
1	46 Days at Premium	0 Days at NAV	16 Days at Discount

wdt_ID	Days at Premium	Days at NAV	Days at Discount
1	45 Days at Premium	0 Days at NAV	20 Days at Discount

wdt_ID	Days at Premium	Days at NAV	Days at Discount
1	49 Days at Premium	0 Days at NAV	15 Days at Discount

wdt_ID	Days at Premium	Days at NAV	Days at Discount
1	27 Days at Premium	0 Days at NAV	36 Days at Discount

wdt_ID	Days at Premium	Days at NAV	Days at Discount
1	53 Days at Premium	0 Days at NAV	8 Days at Discount

wdt_ID	Days at Premium	Days at NAV	Days at Discount
1	174 Days at Premium	0 Days at NAV	79 Days at Discount

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor`s shares, when redeemed or sold, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are not annualized. Market returns does not represent the returns you would receive if you traded shares at other times. For performance data current to the most recent month end, please call (844) 954-7733.

MARKET PRICE Beginning 12/17/2020, the market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. Prior to 12/17/2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of (4:00 PM Eastern Time).

NAV The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

30-Day Median Bid Ask Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Holdings

TOP 10 HOLDINGS

Holdings are subject to change.

Name
12/26/2024

Date	Account	Name	Ticker	CUSIP	Shares Held	Price	Market Value ($)	% of Net Assets	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag
12/26/2024	NACP	Agilent Technologies Inc	A	00846U101	489	136.10	66,552.90	0.12	54,603,610	1,300,000	52
12/26/2024	NACP	Apple Inc	AAPL	037833100	11,431	258.20	2,951,484.20	5.41	54,603,610	1,300,000	52
12/26/2024	NACP	AbbVie Inc	ABBV	00287Y109	3,255	180.00	585,900.00	1.07	54,603,610	1,300,000	52
12/26/2024	NACP	Abbott Laboratories	ABT	002824100	3,171	114.76	363,903.96	0.67	54,603,610	1,300,000	52
12/26/2024	NACP	AECOM	ACM	00766T100	248	108.41	26,885.68	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Accenture PLC	ACN	G1151C101	6,231	361.63	2,253,316.53	4.13	54,603,610	1,300,000	52
12/26/2024	NACP	Archer-Daniels-Midland Co	ADM	039483102	863	50.63	43,693.69	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	American Electric Power Co Inc	AEP	025537101	997	92.37	92,092.89	0.17	54,603,610	1,300,000	52
12/26/2024	NACP	AES Corp/The	AES	00130H105	1,196	13.02	15,571.92	0.03	54,603,610	1,300,000	52
12/26/2024	NACP	Albemarle Corp	ALB	012653101	152	89.99	13,678.48	0.03	54,603,610	1,300,000	52
12/26/2024	NACP	AMETEK Inc	AME	031100100	417	184.05	76,748.85	0.14	54,603,610	1,300,000	52
12/26/2024	NACP	American Homes 4 Rent	AMH	02665T306	571	37.15	21,212.65	0.04	54,603,610	1,300,000	52
12/26/2024	NACP	Amazon.com Inc	AMZN	023135106	12,237	229.05	2,802,884.85	5.13	54,603,610	1,300,000	52
12/26/2024	NACP	Aon PLC	AON	G0403H108	411	361.61	148,621.71	0.27	54,603,610	1,300,000	52
12/26/2024	NACP	Aptiv PLC	APTV	G3265R107	469	59.95	28,116.55	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	AvalonBay Communities Inc	AVB	053484101	259	223.28	57,829.52	0.11	54,603,610	1,300,000	52
12/26/2024	NACP	American Express Co	AXP	025816109	978	303.46	296,783.88	0.54	54,603,610	1,300,000	52
12/26/2024	NACP	Boeing Co/The	BA	097023105	1,229	179.34	220,408.86	0.40	54,603,610	1,300,000	52
12/26/2024	NACP	Bank of America Corp	BAC	060505104	12,080	44.38	536,110.40	0.98	54,603,610	1,300,000	52
12/26/2024	NACP	Booz Allen Hamilton Holding Corp	BAH	099502106	247	129.70	32,035.90	0.06	54,603,610	1,300,000	52
12/26/2024	NACP	Baxter International Inc	BAX	071813109	968	29.08	28,149.44	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Becton Dickinson & Co	BDX	075887109	488	226.95	110,751.60	0.20	54,603,610	1,300,000	52
12/26/2024	NACP	Biogen Inc	BIIB	09062X103	260	149.02	38,745.20	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Bank of New York Mellon Corp/The	BK	064058100	1,310	78.05	102,245.50	0.19	54,603,610	1,300,000	52
12/26/2024	NACP	Baker Hughes Co	BKR	05722G100	1,800	40.79	73,422.00	0.13	54,603,610	1,300,000	52
12/26/2024	NACP	Bristol-Myers Squibb Co	BMY	110122108	3,738	57.76	215,906.88	0.40	54,603,610	1,300,000	52
12/26/2024	NACP	Boston Scientific Corp	BSX	101137107	2,590	91.07	235,871.30	0.43	54,603,610	1,300,000	52
12/26/2024	NACP	Citigroup Inc	C	172967424	3,270	71.00	232,170.00	0.43	54,603,610	1,300,000	52
12/26/2024	NACP	Carrier Global Corp	CARR	14448C104	1,553	69.45	107,855.85	0.20	54,603,610	1,300,000	52
12/26/2024	NACP	CF Industries Holdings Inc	CF	125269100	303	85.40	25,876.20	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Cigna Group/The	CI	125523100	563	280.06	157,673.78	0.29	54,603,610	1,300,000	52
12/26/2024	NACP	Clorox Co/The	CLX	189054109	221	163.43	36,118.03	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Cummins Inc	CMI	231021106	242	353.85	85,631.70	0.16	54,603,610	1,300,000	52
12/26/2024	NACP	CMS Energy Corp	CMS	125896100	546	66.82	36,483.72	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	CNH Industrial NV	CNH	N20944109	1,665	11.19	18,631.35	0.03	54,603,610	1,300,000	52
12/26/2024	NACP	ConocoPhillips	COP	20825C104	2,435	97.11	236,462.85	0.43	54,603,610	1,300,000	52
12/26/2024	NACP	The Campbell's Company	CPB	134429109	375	41.64	15,615.00	0.03	54,603,610	1,300,000	52
12/26/2024	NACP	CRH PLC	CRH	G25508105	1,238	94.75	117,300.50	0.21	54,603,610	1,300,000	52
12/26/2024	NACP	CSX Corp	CSX	126408103	3,685	32.57	120,020.45	0.22	54,603,610	1,300,000	52
12/26/2024	NACP	CVS Health Corp	CVS	126650100	2,548	44.25	112,749.00	0.21	54,603,610	1,300,000	52
12/26/2024	NACP	Chevron Corp	CVX	166764100	3,030	143.84	435,835.20	0.80	54,603,610	1,300,000	52
12/26/2024	NACP	Dominion Energy Inc	D	25746U109	1,592	53.77	85,601.84	0.16	54,603,610	1,300,000	52
12/26/2024	NACP	Delta Air Lines Inc	DAL	247361702	1,043	62.56	65,250.08	0.12	54,603,610	1,300,000	52
12/26/2024	NACP	DuPont de Nemours Inc	DD	26614N102	678	77.25	52,375.50	0.10	54,603,610	1,300,000	52
12/26/2024	NACP	Deere & Co	DE	244199105	459	432.84	198,673.56	0.36	54,603,610	1,300,000	52
12/26/2024	NACP	Quest Diagnostics Inc	DGX	74834L100	204	153.42	31,297.68	0.06	54,603,610	1,300,000	52
12/26/2024	NACP	Danaher Corp	DHR	235851102	1,151	230.75	265,593.25	0.49	54,603,610	1,300,000	52
12/26/2024	NACP	Dick's Sporting Goods Inc	DKS	253393102	12	225.21	2,702.52	0.00	54,603,610	1,300,000	52
12/26/2024	NACP	DTE Energy Co	DTE	233331107	376	120.76	45,405.76	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	Duke Energy Corp	DUK	26441C204	1,446	108.97	157,570.62	0.29	54,603,610	1,300,000	52
12/26/2024	NACP	DAVITA INC	DVA	23918K108	83	155.06	12,869.98	0.02	54,603,610	1,300,000	52
12/26/2024	NACP	Devon Energy Corp	DVN	25179M103	1,258	31.24	39,299.92	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Electronic Arts Inc	EA	285512109	146	149.18	21,780.28	0.04	54,603,610	1,300,000	52
12/26/2024	NACP	eBay Inc	EBAY	278642103	992	63.78	63,269.76	0.12	54,603,610	1,300,000	52
12/26/2024	NACP	Ecolab Inc	ECL	278865100	452	240.74	108,814.48	0.20	54,603,610	1,300,000	52
12/26/2024	NACP	Consolidated Edison Inc	ED	209115104	658	89.58	58,943.64	0.11	54,603,610	1,300,000	52
12/26/2024	NACP	Edison International	EIX	281020107	655	80.26	52,570.30	0.10	54,603,610	1,300,000	52
12/26/2024	NACP	ELEVANCE HEALTH INC	ELV	036752103	430	372.94	160,364.20	0.29	54,603,610	1,300,000	52
12/26/2024	NACP	Eastman Chemical Co	EMN	277432100	219	91.57	20,053.83	0.04	54,603,610	1,300,000	52
12/26/2024	NACP	Emerson Electric Co	EMR	291011104	1,014	126.23	127,997.22	0.23	54,603,610	1,300,000	52
12/26/2024	NACP	Equinix Inc	EQIX	29444U700	171	950.01	162,451.71	0.30	54,603,610	1,300,000	52
12/26/2024	NACP	Eversource Energy	ES	30040W108	675	57.28	38,664.00	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Eaton Corp PLC	ETN	G29183103	720	341.54	245,908.80	0.45	54,603,610	1,300,000	52
12/26/2024	NACP	Entergy Corp	ETR	29364G103	782	76.23	59,611.86	0.11	54,603,610	1,300,000	52
12/26/2024	NACP	Edwards Lifesciences Corp	EW	28176E108	1,022	75.38	77,038.36	0.14	54,603,610	1,300,000	52
12/26/2024	NACP	Exelon Corp	EXC	30161N101	1,882	37.52	70,612.64	0.13	54,603,610	1,300,000	52
12/26/2024	NACP	Expeditors International of Washington Inc	EXPD	302130109	249	111.19	27,686.31	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Ford Motor Co	F	345370860	8,679	10.02	86,963.58	0.16	54,603,610	1,300,000	52
12/26/2024	NACP	Freeport-McMoRan Inc	FCX	35671D857	2,590	39.22	101,579.80	0.19	54,603,610	1,300,000	52
12/26/2024	NACP	FactSet Research Systems Inc	FDS	303075105	67	491.35	32,920.45	0.06	54,603,610	1,300,000	52
12/26/2024	NACP	FedEx Corp	FDX	31428X106	425	271.84	115,532.00	0.21	54,603,610	1,300,000	52
12/26/2024	NACP	FirstEnergy Corp	FE	337932107	946	39.89	37,735.94	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	First American Government Obligations Fund 12/01/2031	FGXXX	31846V336	112,078	100.00	112,078.12	0.21	54,603,610	1,300,000	52	Y
12/26/2024	NACP	Fifth Third Bancorp	FITB	316773100	1,251	43.04	53,843.04	0.10	54,603,610	1,300,000	52
12/26/2024	NACP	General Electric Co	GE	369604301	2,054	171.49	352,240.46	0.65	54,603,610	1,300,000	52
12/26/2024	NACP	Gilead Sciences Inc	GILD	375558103	2,194	93.95	206,126.30	0.38	54,603,610	1,300,000	52
12/26/2024	NACP	General Motors Co	GM	37045V100	2,425	53.51	129,761.75	0.24	54,603,610	1,300,000	52
12/26/2024	NACP	Alphabet Inc	GOOG	02079K107	6,748	197.57	1,333,202.36	2.44	54,603,610	1,300,000	52
12/26/2024	NACP	Alphabet Inc	GOOGL	02079K305	7,627	196.11	1,495,730.97	2.74	54,603,610	1,300,000	52
12/26/2024	NACP	Halliburton Co	HAL	406216101	1,696	26.84	45,520.64	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	Huntington Bancshares Inc/OH	HBAN	446150104	2,625	16.46	43,207.50	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	Hess Corp	HES	42809H107	506	130.56	66,063.36	0.12	54,603,610	1,300,000	52
12/26/2024	NACP	Hilton Worldwide Holdings Inc	HLT	43300A203	487	253.26	123,337.62	0.23	54,603,610	1,300,000	52
12/26/2024	NACP	Honeywell International Inc	HON	438516106	1,164	228.90	266,439.60	0.49	54,603,610	1,300,000	52
12/26/2024	NACP	Hormel Foods Corp	HRL	440452100	498	31.61	15,741.78	0.03	54,603,610	1,300,000	52
12/26/2024	NACP	Hershey Co/The	HSY	427866108	226	170.49	38,530.74	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Hubbell Inc	HUBB	443510607	95	432.04	41,043.80	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	Howmet Aerospace Inc	HWM	443201108	729	112.04	81,677.16	0.15	54,603,610	1,300,000	52
12/26/2024	NACP	International Business Machines Corp	IBM	459200101	9,159	224.41	2,055,371.19	3.76	54,603,610	1,300,000	52
12/26/2024	NACP	International Flavors & Fragrances Inc	IFF	459506101	469	85.11	39,916.59	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Illumina Inc	ILMN	452327109	272	135.21	36,777.12	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Intel Corp	INTC	458140100	51,673	20.40	1,054,129.20	1.93	54,603,610	1,300,000	52
12/26/2024	NACP	Ingersoll Rand Inc	IR	45687V106	727	92.35	67,138.45	0.12	54,603,610	1,300,000	52
12/26/2024	NACP	Illinois Tool Works Inc	ITW	452308109	526	259.17	136,323.42	0.25	54,603,610	1,300,000	52
12/26/2024	NACP	Jacobs Solutions Inc	J	46982L108	231	136.00	31,416.00	0.06	54,603,610	1,300,000	52
12/26/2024	NACP	JB Hunt Transport Services Inc	JBHT	445658107	152	171.57	26,078.64	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Johnson Controls International plc	JCI	G51502105	1,172	80.99	94,920.28	0.17	54,603,610	1,300,000	52
12/26/2024	NACP	Johnson & Johnson	JNJ	478160104	4,471	145.85	652,095.35	1.19	54,603,610	1,300,000	52
12/26/2024	NACP	JPMORGAN CHASE & CO.	JPM	46625H100	5,068	242.31	1,228,027.08	2.25	54,603,610	1,300,000	52
12/26/2024	NACP	Kellanova	K	487836108	467	80.82	37,742.94	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Kinder Morgan Inc	KMI	49456B101	3,622	27.33	98,989.26	0.18	54,603,610	1,300,000	52
12/26/2024	NACP	Coca-Cola Co/The	KO	191216100	7,024	62.84	441,388.16	0.81	54,603,610	1,300,000	52
12/26/2024	NACP	Kroger Co/The	KR	501044101	1,183	61.83	73,144.89	0.13	54,603,610	1,300,000	52
12/26/2024	NACP	Labcorp Holdings Inc	LH	504922105	157	229.49	36,029.93	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	L3Harris Technologies Inc	LHX	502431109	357	213.32	76,155.24	0.14	54,603,610	1,300,000	52
12/26/2024	NACP	Lennox International Inc	LII	526107107	57	631.13	35,974.41	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Cheniere Energy Inc	LNG	16411R208	410	210.49	86,300.90	0.16	54,603,610	1,300,000	52
12/26/2024	NACP	Alliant Energy Corp	LNT	018802108	469	59.62	27,961.78	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Lowe's Cos Inc	LOW	548661107	1,192	250.22	298,262.24	0.55	54,603,610	1,300,000	52
12/26/2024	NACP	LPL Financial Holdings Inc	LPLA	50212V100	129	334.93	43,205.97	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	Southwest Airlines Co	LUV	844741108	1,005	34.17	34,340.85	0.06	54,603,610	1,300,000	52
12/26/2024	NACP	Mastercard Inc	MA	57636Q104	1,427	535.71	764,458.17	1.40	54,603,610	1,300,000	52
12/26/2024	NACP	Marriott International Inc/MD	MAR	571903202	474	286.39	135,748.86	0.25	54,603,610	1,300,000	52
12/26/2024	NACP	Moody's Corp	MCO	615369105	277	480.38	133,065.26	0.24	54,603,610	1,300,000	52
12/26/2024	NACP	Mondelez International Inc	MDLZ	609207105	2,425	60.00	145,500.00	0.27	54,603,610	1,300,000	52
12/26/2024	NACP	Medtronic PLC	MDT	G5960L103	2,352	81.54	191,782.08	0.35	54,603,610	1,300,000	52
12/26/2024	NACP	MetLife Inc	MET	59156R108	1,121	82.25	92,202.25	0.17	54,603,610	1,300,000	52
12/26/2024	NACP	Meta Platforms Inc	META	30303M102	4,042	607.75	2,456,525.50	4.50	54,603,610	1,300,000	52
12/26/2024	NACP	Martin Marietta Materials Inc	MLM	573284106	116	533.18	61,848.88	0.11	54,603,610	1,300,000	52
12/26/2024	NACP	3M Co	MMM	88579Y101	985	130.36	128,404.60	0.24	54,603,610	1,300,000	52
12/26/2024	NACP	Marathon Petroleum Corp	MPC	56585A102	580	135.35	78,503.00	0.14	54,603,610	1,300,000	52
12/26/2024	NACP	Merck & Co Inc	MRK	58933Y105	4,537	99.45	451,204.65	0.83	54,603,610	1,300,000	52
12/26/2024	NACP	Morgan Stanley	MS	617446448	2,254	127.06	286,393.24	0.52	54,603,610	1,300,000	52
12/26/2024	NACP	Microsoft Corp	MSFT	594918104	6,135	439.33	2,695,289.55	4.94	54,603,610	1,300,000	52
12/26/2024	NACP	M&T Bank Corp	MTB	55261F104	317	190.91	60,518.47	0.11	54,603,610	1,300,000	52
12/26/2024	NACP	Micron Technology Inc	MU	595112103	10,656	89.28	951,367.68	1.74	54,603,610	1,300,000	52
12/26/2024	NACP	Nasdaq Inc	NDAQ	631103108	694	78.92	54,770.48	0.10	54,603,610	1,300,000	52
12/26/2024	NACP	Nordson Corp	NDSN	655663102	94	212.29	19,955.26	0.04	54,603,610	1,300,000	52
12/26/2024	NACP	NextEra Energy Inc	NEE	65339F101	3,830	72.91	279,245.30	0.51	54,603,610	1,300,000	52
12/26/2024	NACP	Newmont Corp	NEM	651639106	1,982	38.31	75,930.42	0.14	54,603,610	1,300,000	52
12/26/2024	NACP	NiSource Inc	NI	65473P105	849	36.86	31,294.14	0.06	54,603,610	1,300,000	52
12/26/2024	NACP	NIKE Inc	NKE	654106103	2,424	76.79	186,138.96	0.34	54,603,610	1,300,000	52
12/26/2024	NACP	Northrop Grumman Corp	NOC	666807102	264	471.09	124,367.76	0.23	54,603,610	1,300,000	52
12/26/2024	NACP	NRG Energy Inc	NRG	629377508	389	93.03	36,188.67	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Norfolk Southern Corp	NSC	655844108	443	237.92	105,398.56	0.19	54,603,610	1,300,000	52
12/26/2024	NACP	NVIDIA Corp	NVDA	67066G104	19,914	140.22	2,792,341.08	5.11	54,603,610	1,300,000	52
12/26/2024	NACP	nVent Electric PLC	NVT	G6700G107	302	69.82	21,085.64	0.04	54,603,610	1,300,000	52
12/26/2024	NACP	Owens Corning	OC	690742101	157	171.09	26,861.13	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	ONEOK Inc	OKE	682680103	1,113	102.19	113,737.47	0.21	54,603,610	1,300,000	52
12/26/2024	NACP	Otis Worldwide Corp	OTIS	68902V107	739	94.00	69,466.00	0.13	54,603,610	1,300,000	52
12/26/2024	NACP	Palo Alto Networks Inc	PANW	697435105	6,382	189.51	1,209,452.82	2.21	54,603,610	1,300,000	52
12/26/2024	NACP	PG&E Corp	PCG	69331C108	4,094	20.22	82,780.68	0.15	54,603,610	1,300,000	52
12/26/2024	NACP	Public Service Enterprise Group Inc	PEG	744573106	964	85.79	82,701.56	0.15	54,603,610	1,300,000	52
12/26/2024	NACP	PepsiCo Inc	PEP	713448108	2,519	152.81	384,928.39	0.70	54,603,610	1,300,000	52
12/26/2024	NACP	Pfizer Inc	PFE	717081103	10,345	26.74	276,625.30	0.51	54,603,610	1,300,000	52
12/26/2024	NACP	Principal Financial Group Inc	PFG	74251V102	447	77.80	34,776.60	0.06	54,603,610	1,300,000	52
12/26/2024	NACP	Progressive Corp/The	PGR	743315103	625	243.24	152,025.00	0.28	54,603,610	1,300,000	52
12/26/2024	NACP	Prologis Inc	PLD	74340W103	1,693	104.70	177,257.10	0.32	54,603,610	1,300,000	52
12/26/2024	NACP	PNC Financial Services Group Inc/The	PNC	693475105	738	194.08	143,231.04	0.26	54,603,610	1,300,000	52
12/26/2024	NACP	PPG Industries Inc	PPG	693506107	375	120.98	45,367.50	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	PPL Corp	PPL	69351T106	1,212	32.60	39,511.20	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Phillips 66	PSX	718546104	774	111.58	86,362.92	0.16	54,603,610	1,300,000	52
12/26/2024	NACP	PayPal Holdings Inc	PYPL	70450Y103	1,683	88.25	148,524.75	0.27	54,603,610	1,300,000	52
12/26/2024	NACP	QUALCOMM Inc	QCOM	747525103	11,095	159.36	1,768,099.20	3.24	54,603,610	1,300,000	52
12/26/2024	NACP	Royal Caribbean Cruises Ltd	RCL	V7780T103	506	240.30	121,591.80	0.22	54,603,610	1,300,000	52
12/26/2024	NACP	Regency Centers Corp	REG	758849103	299	74.50	22,275.50	0.04	54,603,610	1,300,000	52
12/26/2024	NACP	Regions Financial Corp	RF	7591EP100	1,729	24.02	41,530.58	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	ResMed Inc	RMD	761152107	262	232.58	60,935.96	0.11	54,603,610	1,300,000	52
12/26/2024	NACP	Rockwell Automation Inc	ROK	773903109	200	292.20	58,440.00	0.11	54,603,610	1,300,000	52
12/26/2024	NACP	SBA Communications Corp	SBAC	78410G104	198	202.56	40,106.88	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Southern Copper Corp	SCCO	84265V105	148	94.43	14,069.13	0.03	54,603,610	1,300,000	52
12/26/2024	NACP	Charles Schwab Corp/The	SCHW	808513105	2,532	74.84	189,494.88	0.35	54,603,610	1,300,000	52
12/26/2024	NACP	J M Smucker Co/The	SJM	832696405	194	111.53	21,636.82	0.04	54,603,610	1,300,000	52
12/26/2024	NACP	Southern Co/The	SO	842587107	2,052	83.16	170,644.32	0.31	54,603,610	1,300,000	52
12/26/2024	NACP	S&P Global Inc	SPGI	78409V104	552	504.75	278,622.00	0.51	54,603,610	1,300,000	52
12/26/2024	NACP	Sempra	SRE	816851109	1,185	87.96	104,232.60	0.19	54,603,610	1,300,000	52
12/26/2024	NACP	Stanley Black & Decker Inc	SWK	854502101	287	81.12	23,281.44	0.04	54,603,610	1,300,000	52
12/26/2024	NACP	Synchrony Financial	SYF	87165B103	673	66.62	44,835.26	0.08	54,603,610	1,300,000	52
12/26/2024	NACP	Stryker Corp	SYK	863667101	659	370.78	244,344.02	0.45	54,603,610	1,300,000	52
12/26/2024	NACP	AT&T Inc	T	00206R102	14,456	22.95	331,765.20	0.61	54,603,610	1,300,000	52
12/26/2024	NACP	TRUIST FINANCIAL CORP	TFC	89832Q109	2,445	43.99	107,555.55	0.20	54,603,610	1,300,000	52
12/26/2024	NACP	Thermo Fisher Scientific Inc	TMO	883556102	665	528.98	351,771.70	0.64	54,603,610	1,300,000	52
12/26/2024	NACP	T Rowe Price Group Inc	TROW	74144T108	397	117.07	46,476.79	0.09	54,603,610	1,300,000	52
12/26/2024	NACP	Travelers Cos Inc/The	TRV	89417E109	435	242.88	105,652.80	0.19	54,603,610	1,300,000	52
12/26/2024	NACP	Tesla Inc	TSLA	88160R101	4,690	462.28	2,168,093.20	3.97	54,603,610	1,300,000	52
12/26/2024	NACP	Tyson Foods Inc	TSN	902494103	514	57.74	29,678.36	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Trane Technologies PLC	TT	G8994E103	412	379.93	156,531.16	0.29	54,603,610	1,300,000	52
12/26/2024	NACP	Tradeweb Markets Inc	TW	892672106	211	134.30	28,337.30	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Textron Inc	TXT	883203101	349	77.24	26,956.76	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	United Airlines Holdings Inc	UAL	910047109	505	101.16	51,085.80	0.09	54,603,610	1,300,000	52
12/26/2024	NACP	Uber Technologies Inc	UBER	90353T100	24,775	61.71	1,528,865.25	2.80	54,603,610	1,300,000	52
12/26/2024	NACP	UnitedHealth Group Inc	UNH	91324P102	1,848	506.10	935,272.80	1.71	54,603,610	1,300,000	52
12/26/2024	NACP	Union Pacific Corp	UNP	907818108	1,114	229.75	255,941.50	0.47	54,603,610	1,300,000	52
12/26/2024	NACP	United Parcel Service Inc	UPS	911312106	1,347	126.26	170,072.22	0.31	54,603,610	1,300,000	52
12/26/2024	NACP	United Rentals Inc	URI	911363109	125	727.42	90,927.50	0.17	54,603,610	1,300,000	52
12/26/2024	NACP	US Foods Holding Corp	USFD	912008109	402	68.77	27,645.54	0.05	54,603,610	1,300,000	52
12/26/2024	NACP	Visa Inc	V	92826C839	3,058	320.65	980,547.70	1.80	54,603,610	1,300,000	52
12/26/2024	NACP	Valero Energy Corp	VLO	91913Y100	586	118.84	69,640.24	0.13	54,603,610	1,300,000	52
12/26/2024	NACP	Vulcan Materials Co	VMC	929160109	240	264.31	63,434.40	0.12	54,603,610	1,300,000	52
12/26/2024	NACP	Verisk Analytics Inc	VRSK	92345Y106	259	278.55	72,144.45	0.13	54,603,610	1,300,000	52
12/26/2024	NACP	Vistra Corp	VST	92840M102	651	143.36	93,327.36	0.17	54,603,610	1,300,000	52
12/26/2024	NACP	Verizon Communications Inc	VZ	92343V104	9,068	39.80	360,906.40	0.66	54,603,610	1,300,000	52
12/26/2024	NACP	WEC Energy Group Inc	WEC	92939U106	585	95.04	55,598.40	0.10	54,603,610	1,300,000	52
12/26/2024	NACP	Welltower Inc	WELL	95040Q104	853	126.59	107,981.27	0.20	54,603,610	1,300,000	52
12/26/2024	NACP	Williams Cos Inc/The	WMB	969457100	2,255	54.60	123,123.00	0.23	54,603,610	1,300,000	52
12/26/2024	NACP	Walmart Inc	WMT	931142103	7,421	92.68	687,778.28	1.26	54,603,610	1,300,000	52
12/26/2024	NACP	Weyerhaeuser Co	WY	962166104	1,334	28.26	37,698.84	0.07	54,603,610	1,300,000	52
12/26/2024	NACP	Xcel Energy Inc	XEL	98389B100	990	68.21	67,527.90	0.12	54,603,610	1,300,000	52
12/26/2024	NACP	Exxon Mobil Corp	XOM	30231G102	8,131	106.40	865,138.40	1.58	54,603,610	1,300,000	52
12/26/2024	NACP	Xylem Inc/NY	XYL	98419M100	435	118.15	51,395.25	0.09	54,603,610	1,300,000	52
12/26/2024	NACP	Zoetis Inc	ZTS	98978V103	784	164.70	129,124.80	0.24	54,603,610	1,300,000	52
12/26/2024	NACP	Cash & Other	Cash&Other	Cash&Other	-1,133,137	1.00	-1,133,137.16	-2.08	55,758,690	1,300,000	52	Y
Date	Account					Price			NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag

Sector Allocation

As of 06/30/2024

Sector	Weight
Technology	35.31%
Communication Services	13.01%
Financial Services	11.27%
Healthcare	10.81%
Industrials	7.90%
Consumer Cyclical	7.24%
Energy	5.64%
Consumer Defensive	3.92%
Utilities	3.05%
Basic Materials	1.15%
Real Estate	0.69%

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