The NAACP Minority Empowerment ETF

NACP

The Overall Morningstar rating for the period ending 6/30/25 is against 1,161 funds in the US Fund Large Blend Funds category and is based on risk-adjusted returns.

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.

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

Fund Name	Impact Shares NAACP Minority Empowerment ETF
Fund Inception	7/18/2018
Ticker	NACP
Primary Exchange	NYSE Arca
CUSIP	45259A209
Expense Ratio*	0.49%
30 Day SEC Yield* As of 11/30/2025	0.88%

Fund Data & Pricing

Name
12/16/2025

Name	Value
Net Assets	$57.91m
NAV	$49.29
Shares Outstanding	1,175,000
Premium/Discount Percentage	0.03%
Closing Price	$49.30
Median 30 Day Spread*	0.14%

Performance

RETURNS

Inception Date: 07/18/2018

Name
11/30/2025

Fund Name		1MO	3MO	6MO	YTD	1YR	3YR	5YR	10YR	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Impact Shares NAACP Minority Empowerment ETF	NACP MKT	-0.05	9.48	19.13	21.82	17.85	22.38	14.96	-	188.88	15.48	11/30/2025
Impact Shares NAACP Minority Empowerment ETF	NACP NAV	0.09	9.52	19.34	21.92	18.05	22.21	15.03	-	189.20	15.50	11/30/2025
Morningstar Minority Empowerment Index	MSEGMEPU	-0.01	9.30	18.83	20.88	17.00	20.72	13.99	-	143.54	12.84	11/30/2025
Russell 1000 Index TR (USD)	RU1000TR	0.24	5.96	16.19	17.36	14.09	20.31	14.53	-	168.58	14.35	11/30/2025
Morningstar US Large-Mid Cap Index	MSEGLMCA	0.09	6.16	16.42	17.77	14.74	20.73	14.63	-	171.28	14.50	11/30/2025

Name
09/30/2025

Fund Name		1MO	3MO	6MO	YTD	1YR	3YR	5YR	10YR	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Impact Shares NAACP Minority Empowerment ETF	NACP MKT	5.57	9.29	20.23	17.48	18.58	25.74	16.01	-	178.58	15.29	09/30/2025
Impact Shares NAACP Minority Empowerment ETF	NACP NAV	5.50	9.32	20.26	17.45	18.56	25.80	16.09	-	178.59	15.29	09/30/2025
Morningstar Minority Empowerment Index	MSEGMEPU	5.45	9.10	19.73	16.62	17.44	24.15	14.70	-	134.97	12.58	09/30/2025
Morningstar US Large-Mid Cap Index	MSEGLMCA	3.64	8.10	20.43	14.97	18.10	25.02	15.99	-	164.84	14.47	09/30/2025
Russell 1000 Index TR (USD)	RU1000TR	3.47	7.99	19.99	14.60	17.75	24.64	15.99	-	162.27	14.32	09/30/2025

Data as of 06/30/2024

	1MO	3MO	YTD	1YR	3YR	5YR	10YR	Since Inception (Annualized)	Since Inception (Cumulative)
Fund NAV	3.16%	3.26%	16.70%	26.38%	9.47%	15.80	-%	14.46%	123.55%
Market Price	3.29%	3.23%	16.92%	26.34%	9.42%	15.87%	-%	14.48%	123.72%

DAILY CHANGE

Net Asset Value (NAV)

Name
12/16/2025

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Market Price

Name
12/16/2025

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PREMIUM/DISCOUNT

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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
12/17/2025

Date	Account	StockTicker	CUSIP	SecurityName	Shares	Price	MarketValue	% Net of Assets	NetAssets	SharesOutstanding	CreationUnits
12/17/2025	NACP	AAPL	037833100	Apple Inc	10,917	274.61	2,997,917.37	5.18%	57,912,342	1,175,000	47
12/17/2025	NACP	NVDA	67066G104	NVIDIA Corp	15,870	177.72	2,820,416.40	4.87%	57,912,342	1,175,000	47
12/17/2025	NACP	IBM	459200101	International Business Machines Corp	8,889	303.18	2,694,967.02	4.65%	57,912,342	1,175,000	47
12/17/2025	NACP	TSLA	88160R101	Tesla Inc	5,246	489.88	2,569,910.48	4.44%	57,912,342	1,175,000	47
12/17/2025	NACP	AMZN	023135106	Amazon.com Inc	11,323	222.56	2,520,046.88	4.35%	57,912,342	1,175,000	47
12/17/2025	NACP	MSFT	594918104	Microsoft Corp	5,290	476.39	2,520,103.10	4.35%	57,912,342	1,175,000	47
12/17/2025	NACP	MU	595112103	Micron Technology Inc	10,159	232.51	2,362,069.09	4.08%	57,912,342	1,175,000	47
12/17/2025	NACP	QCOM	747525103	QUALCOMM Inc	10,857	176.12	1,912,134.84	3.30%	57,912,342	1,175,000	47
12/17/2025	NACP	GOOGL	02079K305	Alphabet Inc	6,106	306.57	1,871,916.42	3.23%	57,912,342	1,175,000	47
12/17/2025	NACP	META	30303M102	Meta Platforms Inc	2,795	657.15	1,836,734.25	3.17%	57,912,342	1,175,000	47
12/17/2025	NACP	ACN	G1151C101	Accenture PLC	6,365	272.04	1,731,534.60	2.99%	57,912,342	1,175,000	47
12/17/2025	NACP	GOOG	02079K107	Alphabet Inc	5,324	307.73	1,638,354.52	2.83%	57,912,342	1,175,000	47
12/17/2025	NACP	INTC	458140100	Intel Corp	43,626	37.31	1,627,686.06	2.81%	57,912,342	1,175,000	47
12/17/2025	NACP	UBER	90353T100	Uber Technologies Inc	20,073	80.92	1,624,307.16	2.80%	57,912,342	1,175,000	47
12/17/2025	NACP	JPM	46625H100	JPMORGAN CHASE & CO.	4,369	315.55	1,378,637.95	2.38%	57,912,342	1,175,000	47
12/17/2025	NACP	PANW	697435105	Palo Alto Networks Inc	6,438	187.09	1,204,485.42	2.08%	57,912,342	1,175,000	47
12/17/2025	NACP	V	92826C839	Visa Inc	2,690	345.11	928,345.90	1.60%	57,912,342	1,175,000	47
12/17/2025	NACP	VZ	92343V104	Verizon Communications Inc	20,168	40.75	821,846.00	1.42%	57,912,342	1,175,000	47
12/17/2025	NACP	T	00206R102	AT&T Inc	34,087	24.07	820,474.09	1.42%	57,912,342	1,175,000	47
12/17/2025	NACP	XOM	30231G102	Exxon Mobil Corp	6,862	114.68	786,934.16	1.36%	57,912,342	1,175,000	47
12/17/2025	NACP	JNJ	478160104	Johnson & Johnson	3,687	209.30	771,689.10	1.33%	57,912,342	1,175,000	47
12/17/2025	NACP	WMT	931142103	Walmart Inc	6,315	115.42	728,877.30	1.26%	57,912,342	1,175,000	47
12/17/2025	NACP	MA	57636Q104	Mastercard Inc	1,294	566.02	732,429.88	1.26%	57,912,342	1,175,000	47
12/17/2025	NACP	ABBV	00287Y109	AbbVie Inc	2,726	223.67	609,724.42	1.05%	57,912,342	1,175,000	47
12/17/2025	NACP	BAC	060505104	Bank of America Corp	10,809	54.81	592,441.29	1.02%	57,912,342	1,175,000	47
12/17/2025	NACP	GE	369604301	GE AEROSPACE	1,634	298.73	488,124.82	0.84%	57,912,342	1,175,000	47
12/17/2025	NACP	CVX	166764100	Chevron Corp	3,072	146.75	450,816.00	0.78%	57,912,342	1,175,000	47
12/17/2025	NACP	UNH	91324P102	UnitedHealth Group Inc	1,359	334.20	454,177.80	0.78%	57,912,342	1,175,000	47
12/17/2025	NACP	KO	191216100	Coca-Cola Co/The	6,190	70.37	435,590.30	0.75%	57,912,342	1,175,000	47
12/17/2025	NACP	MRK	58933Y105	Merck & Co Inc	3,769	98.27	370,379.63	0.64%	57,912,342	1,175,000	47
12/17/2025	NACP	ABT	002824100	Abbott Laboratories	2,702	126.86	342,775.72	0.59%	57,912,342	1,175,000	47
12/17/2025	NACP	TMO	883556102	Thermo Fisher Scientific Inc	591	570.16	336,964.56	0.58%	57,912,342	1,175,000	47
12/17/2025	NACP	MS	617446448	Morgan Stanley	1,913	176.51	337,663.63	0.58%	57,912,342	1,175,000	47
12/17/2025	NACP	PEP	713448108	PepsiCo Inc	2,224	150.37	334,422.88	0.58%	57,912,342	1,175,000	47
12/17/2025	NACP	AXP	025816109	American Express Co	860	380.75	327,445.00	0.57%	57,912,342	1,175,000	47
12/17/2025	NACP	C	172967424	Citigroup Inc	2,868	111.28	319,151.04	0.55%	57,912,342	1,175,000	47
12/17/2025	NACP	NEE	65339F101	NextEra Energy Inc	3,290	81.32	267,542.80	0.46%	57,912,342	1,175,000	47
12/17/2025	NACP	SCHW	808513105	Charles Schwab Corp/The	2,704	96.00	259,584.00	0.45%	57,912,342	1,175,000	47
12/17/2025	NACP	LOW	548661107	Lowe's Cos Inc	1,029	246.47	253,617.63	0.44%	57,912,342	1,175,000	47
12/17/2025	NACP	FGXXX	31846V336	First American Government Obligations Fund 12/01/2031	243,962	100.00	243,961.78	0.42%	57,912,342	1,175,000	47
12/17/2025	NACP	BA	097023105	Boeing Co/The	1,188	206.71	245,571.48	0.42%	57,912,342	1,175,000	47
12/17/2025	NACP	SPGI	78409V104	S&P Global Inc	477	499.86	238,433.22	0.41%	57,912,342	1,175,000	47
12/17/2025	NACP	DHR	235851102	Danaher Corp	1,029	224.70	231,216.30	0.40%	57,912,342	1,175,000	47
12/17/2025	NACP	PFE	717081103	Pfizer Inc	8,850	25.53	225,940.50	0.39%	57,912,342	1,175,000	47
12/17/2025	NACP	GILD	375558103	Gilead Sciences Inc	1,881	118.78	223,425.18	0.39%	57,912,342	1,175,000	47
12/17/2025	NACP	UNP	907818108	Union Pacific Corp	944	235.88	222,670.72	0.38%	57,912,342	1,175,000	47
12/17/2025	NACP	BSX	101137107	Boston Scientific Corp	2,233	92.95	207,557.35	0.36%	57,912,342	1,175,000	47
12/17/2025	NACP	ETN	G29183103	Eaton Corp PLC	606	329.93	199,937.58	0.35%	57,912,342	1,175,000	47
12/17/2025	NACP	HON	438516106	Honeywell International Inc	1,005	198.26	199,251.30	0.34%	57,912,342	1,175,000	47
12/17/2025	NACP	SYK	863667101	Stryker Corp	558	351.69	196,243.02	0.34%	57,912,342	1,175,000	47
12/17/2025	NACP	MDT	G5960L103	Medtronic PLC	1,950	97.72	190,554.00	0.33%	57,912,342	1,175,000	47
12/17/2025	NACP	PLD	74340W103	Prologis Inc	1,434	127.61	182,992.74	0.32%	57,912,342	1,175,000	47
12/17/2025	NACP	DE	244199105	Deere & Co	384	485.44	186,408.96	0.32%	57,912,342	1,175,000	47
12/17/2025	NACP	COP	20825C104	ConocoPhillips	1,990	90.77	180,632.30	0.31%	57,912,342	1,175,000	47
12/17/2025	NACP	BMY	110122108	Bristol-Myers Squibb Co	3,182	54.23	172,559.86	0.30%	57,912,342	1,175,000	47
12/17/2025	NACP	CVS	126650100	CVS Health Corp	2,038	78.29	159,555.02	0.28%	57,912,342	1,175,000	47
12/17/2025	NACP	NEM	651639106	Newmont Corp	1,669	98.03	163,612.07	0.28%	57,912,342	1,175,000	47
12/17/2025	NACP	NKE	654106103	NIKE Inc	2,320	67.12	155,718.40	0.27%	57,912,342	1,175,000	47
12/17/2025	NACP	GM	37045V100	General Motors Co	1,860	81.76	152,073.60	0.26%	57,912,342	1,175,000	47
12/17/2025	NACP	SO	842587107	Southern Co/The	1,732	85.71	148,449.72	0.26%	57,912,342	1,175,000	47
12/17/2025	NACP	WELL	95040Q104	Welltower Inc	748	190.40	142,419.20	0.25%	57,912,342	1,175,000	47
12/17/2025	NACP	DUK	26441C204	Duke Energy Corp	1,227	115.59	141,828.93	0.24%	57,912,342	1,175,000	47
12/17/2025	NACP	TT	G8994E103	Trane Technologies PLC	346	395.96	137,002.16	0.24%	57,912,342	1,175,000	47
12/17/2025	NACP	MMM	88579Y101	3M Co	834	163.20	136,108.80	0.24%	57,912,342	1,175,000	47
12/17/2025	NACP	CRH	G25508105	CRH PLC	1,050	126.92	133,266.00	0.23%	57,912,342	1,175,000	47
12/17/2025	NACP	MAR	571903202	Marriott International Inc/MD	441	305.97	134,932.77	0.23%	57,912,342	1,175,000	47
12/17/2025	NACP	RCL	V7780T103	Royal Caribbean Cruises Ltd	479	281.51	134,843.29	0.23%	57,912,342	1,175,000	47
12/17/2025	NACP	PNC	693475105	PNC Financial Services Group Inc/The	620	209.98	130,187.60	0.22%	57,912,342	1,175,000	47
12/17/2025	NACP	ELV	036752103	ELEVANCE HEALTH INC	362	351.90	127,387.80	0.22%	57,912,342	1,175,000	47
12/17/2025	NACP	NOC	666807102	Northrop Grumman Corp	217	568.72	123,412.24	0.21%	57,912,342	1,175,000	47
12/17/2025	NACP	MCO	615369105	Moody's Corp	241	493.00	118,813.00	0.21%	57,912,342	1,175,000	47
12/17/2025	NACP	HLT	43300A203	Hilton Worldwide Holdings Inc	426	285.83	121,763.58	0.21%	57,912,342	1,175,000	47
12/17/2025	NACP	JCI	G51502105	Johnson Controls International plc	1,020	118.85	121,227.00	0.21%	57,912,342	1,175,000	47
12/17/2025	NACP	EQIX	29444U700	Equinix Inc	158	758.15	119,787.70	0.21%	57,912,342	1,175,000	47
12/17/2025	NACP	BK	064058100	Bank of New York Mellon Corp/The	1,067	114.35	122,011.45	0.21%	57,912,342	1,175,000	47
12/17/2025	NACP	UPS	911312106	United Parcel Service Inc	1,130	100.11	113,124.30	0.20%	57,912,342	1,175,000	47
12/17/2025	NACP	PGR	743315103	Progressive Corp/The	503	231.81	116,600.43	0.20%	57,912,342	1,175,000	47
12/17/2025	NACP	EMR	291011104	Emerson Electric Co	868	134.09	116,390.12	0.20%	57,912,342	1,175,000	47
12/17/2025	NACP	HWM	443201108	Howmet Aerospace Inc	583	195.18	113,789.94	0.20%	57,912,342	1,175,000	47
12/17/2025	NACP	AON	G0403H108	Aon PLC	330	351.80	116,094.00	0.20%	57,912,342	1,175,000	47
12/17/2025	NACP	ITW	452308109	Illinois Tool Works Inc	453	250.66	113,548.98	0.20%	57,912,342	1,175,000	47
12/17/2025	NACP	CI	125523100	Cigna Group/The	389	276.11	107,406.79	0.19%	57,912,342	1,175,000	47
12/17/2025	NACP	MDLZ	609207105	Mondelez International Inc	1,990	53.97	107,400.30	0.19%	57,912,342	1,175,000	47
12/17/2025	NACP	WMB	969457100	Williams Cos Inc/The	1,915	58.41	111,855.15	0.19%	57,912,342	1,175,000	47
12/17/2025	NACP	CMI	231021106	Cummins Inc	214	514.53	110,109.42	0.19%	57,912,342	1,175,000	47
12/17/2025	NACP	ECL	278865100	Ecolab Inc	396	259.53	102,773.88	0.18%	57,912,342	1,175,000	47
12/17/2025	NACP	F	345370860	Ford Motor Co	7,578	13.67	103,591.26	0.18%	57,912,342	1,175,000	47
12/17/2025	NACP	CSX	126408103	CSX Corp	2,894	36.80	106,499.20	0.18%	57,912,342	1,175,000	47
12/17/2025	NACP	NSC	655844108	Norfolk Southern Corp	356	294.00	104,664.00	0.18%	57,912,342	1,175,000	47
12/17/2025	NACP	TRV	89417E109	Travelers Cos Inc/The	344	289.61	99,625.84	0.17%	57,912,342	1,175,000	47
12/17/2025	NACP	FDX	31428X106	FedEx Corp	351	282.46	99,143.46	0.17%	57,912,342	1,175,000	47
12/17/2025	NACP	TFC	89832Q109	TRUIST FINANCIAL CORP	2,030	49.71	100,911.30	0.17%	57,912,342	1,175,000	47
12/17/2025	NACP	FCX	35671D857	Freeport-McMoRan Inc	2,118	47.54	100,689.72	0.17%	57,912,342	1,175,000	47
12/17/2025	NACP	AEP	025537101	American Electric Power Co Inc	824	114.57	94,405.68	0.16%	57,912,342	1,175,000	47
12/17/2025	NACP	PYPL	70450Y103	PayPal Holdings Inc	1,554	61.33	95,306.82	0.16%	57,912,342	1,175,000	47
12/17/2025	NACP	SRE	816851109	Sempra	1,050	87.91	92,305.50	0.16%	57,912,342	1,175,000	47
12/17/2025	NACP	VST	92840M102	Vistra Corp	534	173.45	92,622.30	0.16%	57,912,342	1,175,000	47
12/17/2025	NACP	BDX	075887109	Becton Dickinson & Co	451	196.39	88,571.89	0.15%	57,912,342	1,175,000	47
12/17/2025	NACP	EA	285512109	Electronic Arts Inc	415	204.20	84,743.00	0.15%	57,912,342	1,175,000	47
12/17/2025	NACP	ZTS	98978V103	Zoetis Inc	722	123.23	88,972.06	0.15%	57,912,342	1,175,000	47
12/17/2025	NACP	PSX	718546104	Phillips 66	667	131.78	87,897.26	0.15%	57,912,342	1,175,000	47
12/17/2025	NACP	URI	911363109	United Rentals Inc	98	818.68	80,230.64	0.14%	57,912,342	1,175,000	47
12/17/2025	NACP	D	25746U109	Dominion Energy Inc	1,364	59.34	80,939.76	0.14%	57,912,342	1,175,000	47
12/17/2025	NACP	EW	28176E108	Edwards Lifesciences Corp	944	85.32	80,542.08	0.14%	57,912,342	1,175,000	47
12/17/2025	NACP	LHX	502431109	L3Harris Technologies Inc	293	282.85	82,875.05	0.14%	57,912,342	1,175,000	47
12/17/2025	NACP	KMI	49456B101	Kinder Morgan Inc	3,097	26.33	81,544.01	0.14%	57,912,342	1,175,000	47
12/17/2025	NACP	MPC	56585A102	Marathon Petroleum Corp	454	176.79	80,262.66	0.14%	57,912,342	1,175,000	47
12/17/2025	NACP	VLO	91913Y100	Valero Energy Corp	464	162.82	75,548.48	0.13%	57,912,342	1,175,000	47
12/17/2025	NACP	DAL	247361702	Delta Air Lines Inc	1,029	71.14	73,203.06	0.13%	57,912,342	1,175,000	47
12/17/2025	NACP	OKE	682680103	ONEOK Inc	1,029	71.13	73,192.77	0.13%	57,912,342	1,175,000	47
12/17/2025	NACP	MET	59156R108	MetLife Inc	940	82.28	77,343.20	0.13%	57,912,342	1,175,000	47
12/17/2025	NACP	BKR	05722G100	Baker Hughes Co	1,524	45.02	68,610.48	0.12%	57,912,342	1,175,000	47
12/17/2025	NACP	EXC	30161N101	Exelon Corp	1,595	43.76	69,797.20	0.12%	57,912,342	1,175,000	47
12/17/2025	NACP	AME	031100100	AMETEK Inc	350	201.78	70,623.00	0.12%	57,912,342	1,175,000	47
12/17/2025	NACP	ROK	773903109	Rockwell Automation Inc	175	401.08	70,189.00	0.12%	57,912,342	1,175,000	47
12/17/2025	NACP	LNG	16411R208	Cheniere Energy Inc	356	189.28	67,383.68	0.12%	57,912,342	1,175,000	47
12/17/2025	NACP	EBAY	278642103	eBay Inc	875	81.67	71,461.25	0.12%	57,912,342	1,175,000	47
12/17/2025	NACP	XEL	98389B100	Xcel Energy Inc	897	73.73	66,135.81	0.11%	57,912,342	1,175,000	47
12/17/2025	NACP	CARR	14448C104	Carrier Global Corp	1,223	53.44	65,357.12	0.11%	57,912,342	1,175,000	47
12/17/2025	NACP	ETR	29364G103	Entergy Corp	700	92.81	64,967.00	0.11%	57,912,342	1,175,000	47
12/17/2025	NACP	PEG	744573106	Public Service Enterprise Group Inc	792	79.93	63,304.56	0.11%	57,912,342	1,175,000	47
12/17/2025	NACP	KR	501044101	Kroger Co/The	949	62.10	58,932.90	0.10%	57,912,342	1,175,000	47
12/17/2025	NACP	MLM	573284106	Martin Marietta Materials Inc	93	629.49	58,542.57	0.10%	57,912,342	1,175,000	47
12/17/2025	NACP	NDAQ	631103108	Nasdaq Inc	599	92.93	55,665.07	0.10%	57,912,342	1,175,000	47
12/17/2025	NACP	VMC	929160109	Vulcan Materials Co	200	292.01	58,402.00	0.10%	57,912,342	1,175,000	47
12/17/2025	NACP	ED	209115104	Consolidated Edison Inc	567	98.90	56,076.30	0.10%	57,912,342	1,175,000	47
12/17/2025	NACP	A	00846U101	Agilent Technologies Inc	433	139.19	60,269.27	0.10%	57,912,342	1,175,000	47
12/17/2025	NACP	UAL	910047109	United Airlines Holdings Inc	519	112.48	58,377.12	0.10%	57,912,342	1,175,000	47
12/17/2025	NACP	RMD	761152107	ResMed Inc	224	247.34	55,404.16	0.10%	57,912,342	1,175,000	47
12/17/2025	NACP	LPLA	50212V100	LPL Financial Holdings Inc	137	367.97	50,411.89	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	FITB	316773100	Fifth Third Bancorp	1,070	47.59	50,921.30	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	MTB	55261F104	M&T Bank Corp	245	204.09	50,002.05	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	OTIS	68902V107	Otis Worldwide Corp	605	87.96	53,215.80	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	PCG	69331C108	PG&E Corp	3,558	15.27	54,330.66	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	SYF	87165B103	Synchrony Financial	601	83.39	50,117.39	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	XYL	98419M100	Xylem Inc/NY	396	137.60	54,489.60	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	IR	45687V106	Ingersoll Rand Inc	648	79.61	51,587.28	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	WEC	92939U106	WEC Energy Group Inc	473	104.48	49,419.04	0.09%	57,912,342	1,175,000	47
12/17/2025	NACP	HSY	427866108	Hershey Co/The	233	188.15	43,838.95	0.08%	57,912,342	1,175,000	47
12/17/2025	NACP	NRG	629377508	NRG Energy Inc	294	160.15	47,084.10	0.08%	57,912,342	1,175,000	47
12/17/2025	NACP	VRSK	92345Y106	Verisk Analytics Inc	214	217.64	46,574.96	0.08%	57,912,342	1,175,000	47
12/17/2025	NACP	AVB	053484101	AvalonBay Communities Inc	214	176.94	37,865.16	0.07%	57,912,342	1,175,000	47
12/17/2025	NACP	HBAN	446150104	Huntington Bancshares Inc/OH	2,312	17.63	40,760.56	0.07%	57,912,342	1,175,000	47
12/17/2025	NACP	DTE	233331107	DTE Energy Co	327	128.66	42,071.82	0.07%	57,912,342	1,175,000	47
12/17/2025	NACP	ADM	039483102	Archer-Daniels-Midland Co	737	57.98	42,731.26	0.07%	57,912,342	1,175,000	47
12/17/2025	NACP	HAL	406216101	Halliburton Co	1,458	27.19	39,643.02	0.07%	57,912,342	1,175,000	47
12/17/2025	NACP	RF	7591EP100	Regions Financial Corp	1,386	27.51	38,128.86	0.07%	57,912,342	1,175,000	47
12/17/2025	NACP	PPL	69351T106	PPL Corp	1,142	33.98	38,805.16	0.07%	57,912,342	1,175,000	47
12/17/2025	NACP	PPG	693506107	PPG Industries Inc	354	103.70	36,709.80	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	BIIB	09062X103	Biogen Inc	205	171.50	35,157.50	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	EIX	281020107	Edison International	626	58.32	36,508.32	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	DGX	74834L100	Quest Diagnostics Inc	180	178.66	32,158.80	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	ILMN	452327109	Illumina Inc	257	131.56	33,810.92	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	ES	30040W108	Eversource Energy	555	67.14	37,261.31	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	CMS	125896100	CMS Energy Corp	474	69.91	33,137.34	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	EXPD	302130109	Expeditors International of Washington Inc	218	149.98	32,695.64	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	DVN	25179M103	Devon Energy Corp	944	35.09	33,124.96	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	LH	504922105	Labcorp Holdings Inc	131	258.11	33,812.41	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	HUBB	443510607	Hubbell Inc	82	438.42	35,950.44	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	TROW	74144T108	T Rowe Price Group Inc	342	103.92	35,540.64	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	FE	337932107	FirstEnergy Corp	805	44.03	35,444.15	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	SBAC	78410G104	SBA Communications Corp	187	189.98	35,526.26	0.06%	57,912,342	1,175,000	47
12/17/2025	NACP	JBHT	445658107	JB Hunt Transport Services Inc	138	196.76	27,152.88	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	LUV	844741108	Southwest Airlines Co	737	42.17	31,079.29	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	APTV	G3265R107	Aptiv PLC	391	77.42	30,271.22	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	PFG	74251V102	Principal Financial Group Inc	351	89.54	31,428.54	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	WY	962166104	Weyerhaeuser Co	1,155	23.28	26,888.40	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	IFF	459506101	International Flavors & Fragrances Inc	405	64.58	26,154.90	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	TXT	883203101	Textron Inc	302	86.33	26,071.66	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	J	46982L108	Jacobs Solutions Inc	205	133.95	27,459.75	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	LNT	018802108	Alliant Energy Corp	409	65.26	26,691.34	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	NI	65473P105	NiSource Inc	752	41.43	31,155.36	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	Cash&Other	Cash&Other	Cash & Other	28,703	1.00	28,703.14	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	USFD	912008109	US Foods Holding Corp	380	76.48	29,062.40	0.05%	57,912,342	1,175,000	47
12/17/2025	NACP	DD	26614N102	DuPont de Nemours Inc	641	40.45	25,928.45	0.04%	57,912,342	1,175,000	47
12/17/2025	NACP	NVT	G6700G107	nVent Electric PLC	250	102.41	25,602.50	0.04%	57,912,342	1,175,000	47
12/17/2025	NACP	SCCO	84265V105	Southern Copper Corp	145	140.27	20,370.57	0.04%	57,912,342	1,175,000	47
12/17/2025	NACP	CF	125269100	CF Industries Holdings Inc	287	77.55	22,256.85	0.04%	57,912,342	1,175,000	47
12/17/2025	NACP	ALB	012653101	Albemarle Corp	196	131.07	25,689.72	0.04%	57,912,342	1,175,000	47
12/17/2025	NACP	LII	526107107	Lennox International Inc	52	492.43	25,606.36	0.04%	57,912,342	1,175,000	47
12/17/2025	NACP	TSN	902494103	Tyson Foods Inc	441	58.19	25,661.79	0.04%	57,912,342	1,175,000	47
12/17/2025	NACP	BAH	099502106	Booz Allen Hamilton Holding Corp	191	85.40	16,311.40	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	NDSN	655663102	Nordson Corp	84	235.55	19,786.20	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	TW	892672106	Tradeweb Markets Inc	185	103.83	19,208.55	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	SJM	832696405	J M Smucker Co/The	164	99.70	16,350.80	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	CLX	189054109	Clorox Co/The	181	99.82	18,067.42	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	FDS	303075105	FactSet Research Systems Inc	64	293.00	18,752.00	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	SWK	854502101	Stanley Black & Decker Inc	225	72.80	16,380.00	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	OC	690742101	Owens Corning	129	113.70	14,667.30	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	AES	00130H105	AES Corp/The	1,127	13.62	15,349.74	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	AMH	02665T306	American Homes 4 Rent	524	31.40	16,453.60	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	REG	758849103	Regency Centers Corp	283	67.16	19,006.28	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	BAX	071813109	Baxter International Inc	784	19.05	14,935.20	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	ACM	00766T100	AECOM	195	98.35	19,178.25	0.03%	57,912,342	1,175,000	47
12/17/2025	NACP	CPB	134429109	Campbell's Company/The	321	28.68	9,206.28	0.02%	57,912,342	1,175,000	47
12/17/2025	NACP	EMN	277432100	Eastman Chemical Co	196	63.65	12,475.40	0.02%	57,912,342	1,175,000	47
12/17/2025	NACP	CNH	N20944109	CNH Industrial NV	1,413	9.63	13,607.19	0.02%	57,912,342	1,175,000	47
12/17/2025	NACP	HRL	440452100	Hormel Foods Corp	441	23.66	10,434.06	0.02%	57,912,342	1,175,000	47
12/17/2025	NACP	DVA	23918K108	DAVITA INC	73	117.94	8,609.62	0.01%	57,912,342	1,175,000	47
12/17/2025	NACP	DKS	253393102	Dick's Sporting Goods Inc	12	209.93	2,519.16	0.00%	57,912,342	1,175,000	47
Date	Account					Price			NetAssets	SharesOutstanding	CreationUnits

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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