The NAACP Minority Empowerment ETF


The Overall Morningstar rating for the period ending 3/31/24 is against 1,488 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.

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

Data as of



Inception Date: 07/18/2018


Net Asset Value (NAV)

Market Price


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 844-448-3383.

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 are subject to change.

Data as of

Sector Allocation

As of 03/31/2024

Sector Weight
Technology 32.65%
Healthcare 12.44%
Communication Services 11.64%
Financial Services 10.71%
Consumer Cyclical 9.64%
Industrials 8.51%
Energy 5.08%
Consumer Defensive 3.72%
Utilities 2.98%
Basic Materials 1.44%
Real Estate 1.19%


Want to learn more about NACP?

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Purchase Information


Impact Share’s ETFs trade intraday on an exchange. ETFs are available through various channels including broker-dealers, investment advisers, and other financial service firms.

Also available on most open architecture brokerage platforms

Also available on most open architecture brokerage platforms

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