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Launched

Impact Shares NAACP Minority Empowerment ETF

NACPNYSE ArcaImpact SharesC

$58.63−0.58 (−0.98%)

As of Nov 2, 2026, 3:59 PM ET

C44/ 100

Rank 40 of 48 in US ESG & Values Index

C44/100Rank 40 of 48inUS ESG & Values Index
Intraday session: down, 79 prints from 59.21 to 58.63. Range 58.63 to 59.85. Use the arrow keys to read each point.59.0059.5059.7510 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$76M
1Y total return
+20.5%
Yield · Last 12 months
0.57%
Holdings
201
Avg volume · 30D
2.43K sh
52W range
low $46.92high $63.00
Launched

The ETF.net NACP Grade

C

Score 44 out of 100

Category
US ESG & Values Index⁠
Rank
40 of 48
Six-pillar profile for NACP. Scores out of 100: Cost 17, Risk 53, Mission 86, Tradability 15, Holdings 57, Durability 42. Strongest: Mission (86). Weakest: Tradability (15). Leans toward Mission.

Score 44 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 26 of 43

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 16 of 48

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F15 out of 100
    Rank 48 of 48

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 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

In short

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

  • One screen, stated up front: the Morningstar Minority Empowerment Index. Not a general-purpose ESG blend with a theme bolted on.
  • Does 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.
  • About 50 US names, so the screen actually shows up in the portfolio instead of getting diluted across a whole market-cap index.
  • Trading since 2018 and paying quarterly, so there's a multi-year operating record behind the theme.

Worth knowing

  • Costs 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%).
  • Thinly traded. Spreads can run wider than in the category's heavyweights, and bigger orders take more care to fill.
  • A roughly 50-stock portfolio swings with individual names and sectors more than a broad ESG index fund holding the whole market.

NACP Holdings

Holdings pillarB57 out of 100Rank 25 of 48 in US ESG & Values Index
Asset class
Stocks
Holdings
201
Top-10 weight
38%
Largest holding
MSFT5.0%

Sectors

  • Technology38.6%
  • Consumer Discretionary11.2%
  • Financials10.5%
  • Health Care10.0%
  • Communication8.1%
  • Industrials7.6%
  • Energy5.6%
  • Consumer Staples3.3%
  • Utilities2.8%
  • Materials1.3%
  • Real Estate1.1%

Geography

  • United States99.78%
  • Mexico0.16%
  • United Kingdom0.06%
The fund’s holdings, weight-ordered — page 1 of 14.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1MSFTMicrosoft Corp4.95%7,030$3.67M819
2AMZNAmazon.com Inc4.73%14,571$3.5M738
3NVDANVIDIA Corp4.52%16,352$3.35M848
4TSLATesla Inc4.33%8,023$3.21M528
5AMDAdvanced Micro Devices Inc4.22%6,191$3.13M638
6MUMicron Technology Inc3.54%2,967$2.63M686
7GOOGLAlphabet Inc3.52%9,307$2.6M707
8METAMeta Platforms Inc3.32%3,999$2.46M708
9JPMJPMorgan Chase & Co.2.34%5,150$1.74M487
10CSCOCisco Systems Inc2.17%15,375$1.61M585
11XOMExxonMobil Holdings Corp2.05%8,100$1.52M525
12VVisa Inc1.88%3,367$1.39M559
13PANWPalo Alto Networks Inc1.78%3,597$1.32M505
14JNJJohnson & Johnson1.68%4,549$1.24M524
15AMATApplied Materials Inc1.62%3,081$1.2M557

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$12,049
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NACP $12,049. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+21.0%
1 month−2.8%
3 months+1.7%
1 year+20.5%
3 yearsper year+27.4%
5 yearsper year+13.4%
10 yearsFund is under 10 years oldper yearNo data

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+21.0%
2025+21.4%
2024+23.9%
2023+29.7%
2022−23.0%
2021+27.6%
2020+26.0%

NACP in the news

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 30, 2026.
0.57%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

See all 32 payments⁠

$10,000 in NACP 5 years ago paid $1,125 in dividends.⁠

NACP Risk

Risk pillarC53 out of 100Rank 16 of 48 in US ESG & Values Index
How much the fund’s monthly returns vary, scaled to a year.
14.7%
Annualised · 36 months to Oct 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.
1.44
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

NACP Cost

Compare NACP and USCL

Overpaying vs USCL, tied cheapest in US ESG & Values Index

$8,103

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NACP 0.49%

    $9,792

  • USCL 0.08% Tied cheapest

    $1,689

$10,000
30 years

Cost over time

  • NACP 0.49%
  • USCL 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530NACP $9,792USCL $1,689

Year by year

YearNACPUSCLOverpaying
10$883$147$736
20$3,394$575$2,819
30$9,792$1,689$8,103

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