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Impact Shares NAACP Minority Empowerment ETF

NACPNYSE ArcaC

$61.79−0.02 (−0.03%)

As of Oct 13, 2026, 3:59 PM

Intraday session: down, 76 prints from 61.81 to 61.79. Range 61.47 to 61.79. Use the arrow keys to read each point.61.5061.6061.7010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$78M
1Y total return
+32.9%
Yield · Last 12 months
0.54%
Holdings
201
Avg volume · 30D
0M sh
NAV per share
$62.03
52W range
low $46.92high $63.00
Launched

The ETF.net NACP Grade

C

Score 47 out of 100

Rank
38 of 48
Six-pillar profile for NACP. Scores out of 100: Cost 17, Risk 61, Mission 86, Tradability 25, Holdings 56, Durability 42. Strongest: Mission (86). Weakest: Cost (17). Leans toward Mission.

Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 39 of 48
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A86 out of 100
    Rank 27 of 43
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 9 of 48
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D25 out of 100
    Rank 41 of 48
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 25 of 48
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 37 of 48

Our read on NACP

ETF.net Research

CThe NAACP's name is on the door. NACP tracks the Morningstar Minority Empowerment Index and holds about 50 US stocks, a much narrower cut than the broad ESG index funds it sits beside.

Stated mandate

Before fees and expenses, the Fund seeks to track the Morningstar Minority Empowerment Index. It normally invests at least 80% of assets plus investment borrowings in securities included in that index.

Why people hold it

  1. 01One screen, stated up front: the Morningstar Minority Empowerment Index. Not a general-purpose ESG blend with a theme bolted on.
  2. 02Does what the label says. At least 80% of assets sit in index securities, run passively, and the holdings line up closely with the mission it advertises.
  3. 03About 50 US names, so the screen actually shows up in the portfolio instead of getting diluted across a whole market-cap index.
  4. 04Trading since 2018 and paying quarterly, so there's a multi-year operating record behind the theme.

Worth knowing

  1. 01Costs 0.49% a year, roughly double the ESG cohort median of 0.25% and well above broad screens like ESGV (0.09%) or ESGU (0.15%).
  2. 02Thinly traded. Spreads can run wider than in the category's heavyweights, and bigger orders take more care to fill.
  3. 03A roughly 50-stock portfolio swings with individual names and sectors more than a broad ESG index fund holding the whole market.

NACP Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
201
Top-10 weight
40%
Largest holding
AMZN4.9%

Sectors

  • Technology40.4%
  • Consumer Discretionary10.6%
  • Financials10.1%
  • Health Care9.3%
  • Communication8.9%
  • Industrials7.4%
  • Energy5.3%
  • Consumer Staples3.1%
  • Utilities2.6%
  • Materials1.3%
  • Real Estate1.1%

Geography

  • United States97.72%
  • Ireland1.92%
  • Netherlands0.29%
  • United Kingdom0.07%
The fund’s holdings, weight-ordered — page 1 of 14.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AMZNAmazon.com Inc4.93%14,571$4M736
002AMDAdvanced Micro Devices Inc4.86%6,191$4M635
003MSFTMicrosoft Corp4.85%7,030$4M815
004NVDANVIDIA Corp4.83%16,352$4M847
005GOOGLAlphabet Inc4.22%9,307$3M709
006TSLATesla Inc3.96%8,023$3M521
007MUMicron Technology Inc3.94%2,967$3M679
008METAMeta Platforms Inc3.71%3,999$3M704
009CSCOCisco Systems Inc2.35%15,375$2M592
010INTCIntel Corp2.25%16,643$2M511
011JPMJPMorgan Chase & Co.2.21%5,150$2M481
012AMATApplied Materials Inc2.01%3,081$2M561
013PANWPalo Alto Networks Inc1.94%3,597$2M501
014LRCXLam Research Corp1.94%4,723$2M606
015XOMExxonMobil Holdings Corp1.76%8,100$1M511

Showing 1–15 of 201 holdings

NACP Performance

Launched Jul 18, 2018

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
NACP$13,293
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. NACP $13,293. SPY $12,044. Use the arrow keys to read each point.$9,475$11,584$13,694Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NACP. Periods over one year show the average yearly return.
PeriodNACP
Year to date+26.2%
1 month+2.6%
3 months+3.0%
1 year+32.9%
3 yearsper year+27.3%
5 yearsper year+16.0%
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NACP
YearReturn barNACP
2026 YTD+26.2%
2025+21.4%
2024+23.9%
2023+29.7%
2022−23.0%
2021+27.6%
2020+26.0%

NACP in the news

Filtered to NACP · US ESG & Values Index

NACP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.54%Last 12 months
Payout per share
$0.33Last 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2018–2026

One bar per payment. 32 payments from 2018 to 2026 YTD. Sep 25, 2018 $0.05; Dec 24, 2018 $0.09; Mar 25, 2019 $0.08; Jun 24, 2019 $0.07; Sep 25, 2019 $0.07; Dec 23, 2019 $0.06; Mar 26, 2020 $0.06; Jun 25, 2020 $0.04; Sep 25, 2020 $0.06; Dec 28, 2020 $0.26; Mar 26, 2021 $0.07; Jun 25, 2021 $0.07; Sep 27, 2021 $0.07; Dec 28, 2021 $0.88; Mar 28, 2022 $0.08; Jun 27, 2022 $0.09; Sep 27, 2022 $0.10; Dec 27, 2022 $0.66; Mar 28, 2023 $0.11; Jun 27, 2023 $0.10; Sep 26, 2023 $0.12; Dec 26, 2023 $0.11; Mar 26, 2024 $0.11; Jun 28, 2024 $0.10; Sep 26, 2024 $0.11; Dec 26, 2024 $0.89; Mar 28, 2025 $0.10; Jun 27, 2025 $0.10; Sep 29, 2025 $0.10; Mar 30, 2026 $0.12; Jun 29, 2026 $0.11; Sep 29, 2026 $0.10. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.10
Jun 29, 2026Jun 30, 2026$0.11
Mar 30, 2026Mar 31, 2026$0.12
Sep 29, 2025Sep 30, 2025$0.10
Jun 27, 2025Jun 30, 2025$0.10
Mar 28, 2025Mar 31, 2025$0.10
Dec 26, 2024Dec 30, 2024$0.89
Sep 26, 2024Sep 30, 2024$0.11
Jun 28, 2024Jul 2, 2024$0.10
Mar 26, 2024Apr 1, 2024$0.11
Dec 26, 2023Dec 29, 2023$0.11
Sep 26, 2023Sep 29, 2023$0.12

NACP Risk

How much the fund’s monthly returns vary, scaled to a year.
14.7%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.42
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−27.9%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NACP Cost

Expense ratio0.49%
  • The middle half of US ESG & Values Index funds
  • Median 0.23%

38 of the 48 US ESG & Values Index funds charge less.

NACP costs $49.00 a year on $10,000. The median US ESG & Values Index fund costs $22.50.

Other funds in US ESG & Values Index