NACP vs SNPE

NACPCImpact Shares NAACP Minority Empowerment ETF

SNPEAXtrackers S&P 500 Scored & Screened ETF

In short

NACP The 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.

SNPE The S&P 500 with roughly 200 names screened out, for 0.10% a year. SNPE keeps the plumbing of a plain core index fund and lets S&P's rules, not a stock picker, decide who stays in the basket.

Stated mandate

NACP 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.

SNPE The fund seeks investment results that generally correspond, before fees and expenses, to the performance of its underlying index.

Why people hold it

• NACP 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.

• SNPE A 0.10% expense ratio puts it in the cheap seats of the screened-index crowd, alongside XVV (0.08%) and ESGV (0.09%) and well under the group's typical fee.
• Plain index plumbing: it aims to match the S&P 500 Scored & Screened Index before fees, and it has hugged that mandate closely.
• Roughly 300 stocks, so the screen actually bites. Around 200 S&P 500 members are cut outright rather than quietly trimmed.
• A multi-billion-dollar Xtrackers fund running since 2019 with steady daily volume and quarterly payouts. Not a thin, untested launch.

Worth knowing

• NACP 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.

• SNPE Cutting ~200 names concentrates what's left. The megacap leaders of the parent index end up carrying even more weight here.
• The screens are S&P's, not yours. They are rules-based and reapplied at each rebalance, so the roster can shift without warning.
• Not the outright cheapest option in the group: XVV and ESGV shave a basis point or two off the fee.

Full NACP profile⁠

Full SNPE profile⁠