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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Impact Shares Women's Empowerment ETF

WOMN | ETF

$43.41

$58.1 M

1.14%

$0.50

0.75%

Vitals

YTD Return

4.9%

1 yr return

13.2%

3 Yr Avg Return

15.0%

5 Yr Avg Return

9.6%

Net Assets

$58.1 M

Holdings in Top 10

30.9%

52 WEEK LOW AND HIGH

$43.1
$38.55
$43.41

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 39.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Impact Shares Women's Empowerment ETF

WOMN | ETF

$43.41

$58.1 M

1.14%

$0.50

0.75%

WOMN - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 15.0%
  • 5 Yr Annualized Total Return 9.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Impact Shares Women's Empowerment ETF
  • Fund Family Name
    Impact Shares
  • Inception Date
    Aug 24, 2018
  • Shares Outstanding
    1049951
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ethan Powell

Fund Description

· The sixth paragraph of the section of the Fund’s Summary Prospectus and Prospectus titled “Fund Summary – Principal Investment Strategies” is amended and restated as follows:
The Underlying Index is constructed using a rules-based methodology to select companies from the Parent Index that have strong women’s empowerment practices. Morningstar, Inc. (“Morningstar” or the “Index Provider”) constructs the Underlying Index using company level indicators, scores, and indicator relevance weighting from Equileap, the Fund’s ESG research provider, which seek to identify companies within the Parent Index that rate well with respect women’s empowerment practices and products or services (a company’s “Gender Diversity Score”). After excluding those companies that Equileap determines are (i) involved in the weapons, gambling, or tobacco industries, (ii) on the Norwegian Ethics Council List1 or (iii) that have experienced an applicable legal controversy, the 200 best scoring companies (after applying the optimized weighting methodology discussed below) are selected by Morningstar as the final underlying index components. The Underlying Index is constructed by Morningstar using an optimized weighting methodology. Under this methodology, Morningstar uses a quantitative process that is designed to determine optimal weights for securities to maximize exposure to companies with higher rankings as to women’s empowerment practices, while maintaining an Underlying Index that exhibits risk and return characteristics similar to those of the Parent Index. Morningstar determines the weighting of each security in the Underlying Index using the following variables: Gender Diversity Score, market capitalization, and maximum and minimum weightings by security and sector. Underlying Index constituents are subject to a maximum 5% per company weighting.
Read More

WOMN - Performance

Return Ranking - Trailing

Period WOMN Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -13.2% 43.7% 88.19%
1 Yr 13.2% -15.7% 101.9% 90.66%
3 Yr 15.0%* 1.1% 41.0% 85.19%
5 Yr 9.6%* -3.9% 19.6% 78.62%
10 Yr N/A* 5.8% 55.9% 77.63%

* Annualized

Return Ranking - Calendar

Period WOMN Return Category Return Low Category Return High Rank in Category (%)
2025 7.8% -25.2% 36.9% 51.54%
2024 15.7% -51.6% 37.0% 42.82%
2023 25.8% -15.6% 47.4% 8.66%
2022 -24.7% -56.3% 1.1% 76.31%
2021 21.1% -27.2% 537.8% 31.25%

Total Return Ranking - Trailing

Period WOMN Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -13.2% 43.7% 88.19%
1 Yr 13.2% -15.7% 101.9% 90.66%
3 Yr 15.0%* 1.1% 41.0% 85.19%
5 Yr 9.6%* -3.9% 19.6% 78.62%
10 Yr N/A* 5.8% 55.9% N/A

* Annualized

Total Return Ranking - Calendar

Period WOMN Return Category Return Low Category Return High Rank in Category (%)
2025 8.6% -3.4% 43.4% 92.16%
2024 16.9% -20.1% 44.5% 79.56%
2023 28.2% 0.3% 47.4% 13.34%
2022 -18.0% -31.9% 11.0% 48.00%
2021 24.9% 4.1% 537.8% 71.56%

WOMN - Holdings

Concentration Analysis

WOMN Category Low Category High WOMN % Rank
Net Assets 58.1 M 3.76 M 2.2 T 96.39%
Number of Holdings 203 2 3885 34.01%
Net Assets in Top 10 17.5 M 3.24 M 639 B 97.36%
Weighting of Top 10 30.89% 2.5% 102.7% 86.02%

Top 10 Holdings

  1. Alphabet Inc 4.75%
  2. Microsoft Corp 4.64%
  3. NVIDIA Corp 3.93%
  4. JPMorgan Chase Co 3.45%
  5. Exxon Mobil Corp 3.02%
  6. Cisco Systems Inc 2.77%
  7. Verizon Communications Inc 2.29%
  8. Visa Inc 2.16%
  9. Walmart Inc 2.02%
  10. International Business Machines Corp 1.86%

Asset Allocation

Weighting Return Low Return High WOMN % Rank
Stocks 		99.86% 0.00% 105.13% 10.48%
Cash 		0.14% 0.00% 69.97% 84.85%
Preferred Stocks 		0.00% 0.00% 5.74% 87.93%
Other 		0.00% -13.91% 100.00% 80.53%
Convertible Bonds 		0.00% 0.00% 5.54% 87.98%
Bonds 		0.00% 0.00% 136.21% 88.02%

Stock Sector Breakdown

Weighting Return Low Return High WOMN % Rank
Technology 		21.95% 0.00% 48.94% 67.92%
Healthcare 		18.32% 0.00% 52.29% 12.04%
Financial Services 		14.90% 0.00% 55.59% 30.28%
Consumer Cyclical 		10.36% 0.00% 30.33% 56.24%
Consumer Defense 		8.22% 0.00% 47.71% 20.75%
Communication Services 		7.50% 0.00% 27.94% 66.58%
Industrials 		6.80% 0.00% 29.90% 91.64%
Energy 		5.96% 0.00% 41.64% 14.11%
Utilities 		2.38% 0.00% 15.25% 58.94%
Basic Materials 		1.96% 0.00% 19.45% 77.18%
Real Estate 		1.65% 0.00% 31.91% 74.30%

Stock Geographic Breakdown

Weighting Return Low Return High WOMN % Rank
US 		99.86% 0.00% 101.31% 8.28%
Non US 		0.00% 0.00% 70.69% 88.99%

WOMN - Expenses

Operational Fees

WOMN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 4.93% 51.91%
Management Fee 0.75% 0.00% 1.89% 91.95%
12b-1 Fee 0.00% 0.00% 1.00% 16.88%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

WOMN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

WOMN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WOMN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 268.00% 70.45%

WOMN - Distributions

Dividend Yield Analysis

WOMN Category Low Category High WOMN % Rank
Dividend Yield 1.14% 0.00% 25.47% 40.44%

Dividend Distribution Analysis

WOMN Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

WOMN Category Low Category High WOMN % Rank
Net Income Ratio 0.73% -54.00% 2.44% 49.59%

Capital Gain Distribution Analysis

WOMN Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

WOMN - Fund Manager Analysis

Managers

Ethan Powell

Start Date

Tenure

Tenure Rank

Aug 24, 2018

3.77

3.8%

Mr. Powell, has spent over two decades in financial services, primarily in hedge funds and private equity. Most recently Ethan founded Impact Shares which is a single issue ESG ETF issuer. Mr. Powell is the Chief Product Strategist, Executive Vice President and Secretary of Highland Capital Management Fund Advisors, L.P. and was previously a Senior Retail Fund Analyst at HCMFA and its predecessor since 2007. He has served as the Secretary of the funds in the Highland Fund Complex since November 2010 and as the Executive Vice President of the funds in the Highland Fund Complex since June 2012. Prior to joining HCMFA and its predecessor, Mr. Powell was the manager in the Merger and Acquisitions Division at Ernst & Young from 1999 to 2007.

Emma Muhleman

Start Date

Tenure

Tenure Rank

Mar 31, 2022

0.17

0.2%

Ms. Muhleman is a Certified Public Accountant and CFA Charterholder, having served as an investment specialist focused on global macroeconomics, equities, foreign exchange, rates and credit over the past decade. Ms. Mulheman joined Brookmont and Impact Shares in March 2022. Ms. Muhleman brings skills in data science, machine learning and artificial intelligence to the investment process. Prior to joining Impact Shares, Ms. Muhleman worked in various roles at Ascend Investment Management, Allianz Global Investors, and Pacific View Asset Management. Emma received a Bachelor of Science from San Diego State University in 2009, a Master of Science in Accounting and Finance and a Master of Taxation from the University of Notre Dame in 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.35 2.25

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