Impact Shares NAACP Minority Empowerment ETF

Frequently Asked Questions About NACP

What does NACP invest in?

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 their race or nationality.

What is the expense ratio of NACP?

Impact Shares NAACP Minority Empowerment ETF (NACP) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NACP?

Impact Shares NAACP Minority Empowerment ETF (NACP) manages $59.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NACP actively managed or an index fund?

NACP is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (NACP's is 0.49%) because there's no security selection cost.

When was NACP launched?

Impact Shares NAACP Minority Empowerment ETF (NACP) launched in July 2018 and is managed by Impact Shares.

How has NACP performed?

NACP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.