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Impact Shares NAACP Minority Empowerment ETF (NACP)
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Upturn Advisory Summary
12/17/2024: NACP (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 13.78% | Upturn Advisory Performance  3 | Avg. Invested days: 55 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/17/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 13.78% | Avg. Invested days: 55 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/17/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 2946 | Beta 1.01 |
52 Weeks Range 33.18 - 43.46 | Updated Date 12/20/2024 |
52 Weeks Range 33.18 - 43.46 | Updated Date 12/20/2024 |
AI Summarization
ETF Impact Shares NAACP Minority Empowerment ETF (NACP) Summary:
Profile:
- Focus: Invests in US companies that promote economic empowerment within the Black and African American community.
- Asset Allocation: Primarily US equities, with exposure to diverse sectors like technology, healthcare, and consumer discretionary.
- Investment Strategy: Actively managed, utilizing a proprietary framework to identify companies committed to diversity, inclusion, and racial equity.
Objective:
- To generate long-term capital appreciation while supporting the economic empowerment of Black and African American communities.
Issuer:
- Impact Shares: A leading provider of thematic ETFs focused on social and environmental impact.
- Reputation: Relatively new (founded in 2018), but backed by experienced investment professionals with strong track records.
- Management: Experienced team with expertise in sustainable investing and thematic ETF construction.
Market Share:
- Relatively small but growing market share within the ESG and impact investing space.
Total Net Assets:
- Approximately $360 million (as of November 7, 2023).
Moat:
- Unique Investment Focus: NACP offers targeted exposure to a specific and underserved market segment.
- Active Management: The team's expertise and proprietary framework allow for greater selectivity and alpha generation potential.
- First-mover Advantage: NACP was the first ETF dedicated to Black economic empowerment, giving it a head start in the market.
Financial Performance:
- Since inception (May 2021) - NACP has outperformed the S&P 500 Index.
- YTD Performance (as of November 7, 2023) - NACP: +4.5%, S&P 500: -15%.
Growth Trajectory:
- Growing interest in ESG and impact investing is expected to benefit NACP.
- Increasing awareness of racial equity issues could further drive demand for the ETF.
Liquidity:
- Average Daily Trading Volume: Approximately 40,000 shares.
- Bid-Ask Spread: Tight, indicating good liquidity.
Market Dynamics:
- Positive factors: Rising demand for ESG investing, growing awareness of racial justice issues.
- Potential risks: Market volatility, regulatory changes impacting ESG investing.
Competitors:
- No direct competitors with the same specific focus as NACP.
- ESG-focused ETFs with broader mandates could be considered indirect competitors.
Expense Ratio:
- 0.65% per year.
Investment Approach and Strategy:
- Actively managed, not tracking a specific index.
- Invests in a diversified portfolio of US equities across various sectors.
- Uses a proprietary framework to identify companies committed to diversity, inclusion, and racial equity.
Key Points:
- First-of-its-kind ETF focused on Black economic empowerment.
- Strong track record of outperforming the market.
- Actively managed with a unique investment approach.
- Growing market potential with increasing interest in ESG and impact investing.
Risks:
- Market volatility could impact NACP's performance.
- The relatively small size and young age of the ETF may lead to higher volatility.
- Regulatory changes or shifts in investor sentiment towards ESG investing could pose risks.
Who Should Consider Investing:
- Investors seeking to align their investments with their values and support Black economic empowerment.
- Investors interested in thematic and impact investing strategies.
- Investors comfortable with the risks associated with actively managed, small-cap ETFs.
Fundamental Rating Based on AI (1-10):
8.5
- Strengths: Strong financial performance, unique investment focus, experienced management team, first-mover advantage.
- Weaknesses: Relatively small size, young age, potential for higher volatility.
- Future Prospects: AI predicts continued growth in the ESG and impact investing space, which could benefit NACP.
Resources and Disclaimers:
- Impact Shares website: https://impactshares.com/etfs/nacp/
- Morningstar: https://www.morningstar.com/etfs/us/snapshot/summary/0P0001OQ8F/nacp
- ETF.com: https://www.etf.com/etfanalytics/overview.aspx?symb=NACP
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Impact Shares NAACP Minority Empowerment ETF
The fund will, under normal circumstances, invest at least 80% of its total assets, plus borrowings for investment purposes (the 80% basket) in component securities of the underlying index (Component Securities). The underlying index is designed to measure the performance of large and mid- capitalization companies that are empowering to minorities, and to exhibit risk and return characteristics similar to those of the Morningstar U.S. Large-Mid Cap ® Index.
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