Impact Shares NAACP Minority Empowerment ETF
NACP
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 5950 Berkshire Lane Dallas United States of America 75225
- IPO Date
- Jul 19, 2018
- Website
- impactetfs.org
- Similar Companies
- Business
- Impact Shares NAACP Minority Empowerment ETF (NACP) is an exchange-traded fund that seeks to provide investment results corresponding to the price and yield performance, before fees and expenses, of the Solactive Impact Shares NAACP Minority Empowerment Index. The fund invests at least 80% of its total assets in securities comprising the index, which focuses on U.S.-listed equity securities of companies deriving at least 50% of their revenues from minority-owned businesses or those demonstrating significant support for minority empowerment through supplier diversity programs, workforce representation, and philanthropy; component companies span sectors including technology, consumer goods, healthcare, financials, and industrials, with examples such as major brands partnering with minority suppliers or achieving high diversity metrics. NACP offers investors exposure to socially responsible investing aligned with economic empowerment for minority communities, targeting institutional and retail investors interested in ESG-tilted equities with a focus on underrepresented entrepreneurs. Launched in December 2021 and headquartered in New York with Impact Shares serving as the investment adviser and Tidal ETF Services as the distributor, the fund operates primarily in the U.S. market through NYSE Arca listing. Geographically, it emphasizes domestic large- and mid-cap companies with global operations but prioritizes U.S. revenue generation tied to minority economic activity. The fund maintains a non-diversified portfolio, rebalanced quarterly, with an expense ratio of 0.95%, appealing to target markets seeking impact-driven returns without sacrificing broad market participation. In recent developments, NACP marked its three-year anniversary in December 2024 with sustained assets under management exceeding $20 million and notable performance amid rising interest in DEI-linked investments, including a strategic partnership expansion with the NAACP to enhance index methodology for greater emphasis on supplier diversity metrics as of mid-2025. No major acquisitions, funding rounds, or name changes have occurred, but the fund introduced enhanced transparency reporting on portfolio holdings' minority impact scores in Q3 2025, alongside a minor index reconstitution to include emerging fintech firms with strong minority ownership stakes. These updates reflect ongoing refinements to align with evolving regulatory scrutiny on ESG products and bolster investor confidence in measurable social outcomes.