YWCA Partners with First-Ever Nonprofit ETF Sponsor Impact Shares to Create Product to Further Mission of 160-year-old Organization

Impact investing has taken another step forward in the world of exchange traded funds (ETFs). Today, nonprofit ETF sponsor Impact Shares introduces the Impact Shares YWCA Women's Empowerment ETF (NYSE:WOMN). The new ETF allows investors to deploy capital in companies that have aligned their business practices with gender-equality standards while also powering the future efforts of YWCA, an organization that has been a leader in women’s advocacy for the last 160 years.

Impact Shares, with backing from The Rockefeller Foundation’s Zero Gap Portfolio, has set out to partner with leading nonprofit organizations who want to leverage capital markets to further their missions and increase their social impact. The Zero Gap portfolio is focused on building new financial products and markets which can channel critical capital toward the world’s most challenging problems. This partnership with YWCA to launch WOMN follows on the heels of the recent debut of the Impact Shares NAACP Minority Empowerment ETF (NACP) and an anticipated launch in collaboration with the United Nations Capital Development Fund next month.

“The WOMN ETF puts the power to empower women in everyone’s hands. It allows us to leverage the capital markets to further our 160-year mission to eliminate racism and empower women. The entire YWCA network, made up of more than 200 local associations, is excited about this innovative product that provides the investor the opportunity to generate both financial and social returns, and helps fuel the future of our work,” said Alejandra Y. Castillo, CEO of YWCA USA.

WOMN is designed to track the Morningstar Women’s Empowerment Index, built with the gender equality data and scoring methodology of Equileap, which represents 200 companies culled from 1200 of the largest U.S.-listed publicly traded companies based on each company’s Gender Equality Score, which is evaluated under a set of 19 gender equality criteria.

Impact Shares, itself a 501(c)(3) charity, will donate the net advisory proceeds it receives from each ETF it sponsors back to the collaborating nonprofit partner, creating meaningful engagement with corporate America and providing the investing public with more targeted, credible social-impact investing options.

“We believe this is an important step in the evolution of women’s advocacy. YWCA has established themselves as the leading women’s organization and the ETF provides them with the tools needed to expand their impact into the private sector and help companies demonstrate leadership on issues impacting women. We are excited to partner with YWCA in providing investors access to a basket of companies that have strong policies and practices in support of women’s empowerment and gender equality,” said Ethan Powell, CEO of Impact Shares.

About Impact Shares

Impact Shares is a nonprofit fund sponsor and investment manager that is creating a new and innovative platform for clients seeking maximum social impact with market returns. Impact Shares' goal is to build a capital markets bridge between leading non-profits, investors and corporate America to direct capital and social engagement on societal priorities. Impact Shares is a tax-exempt non-profit organization under Section 501(c)(3) of the Internal Revenue Code. For more information about Impact Shares visit impactetfs.org.

About YWCA USA:

YWCA USA is on a mission to eliminate racism, empower women, stand up for social justice, help families, and strengthen communities. As one of the oldest and largest women’s organizations in the nation, YWCA USA represents over 200 YWCAs in 46 states and the District of Columbia, serving over 2 million women, girls, and their families each year.

YWCA has been at the forefront of the most pressing social movements for 160 years — from voting rights to civil rights, from affordable housing to pay equity, from violence prevention to health care reform. Today, we combine programming and advocacy to generate institutional change in three key areas: racial justice and civil rights, empowerment and economic advancement of women and girls, and health and safety of women and girls. Learn more: www.ywca.org.

Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed herein are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Impact Shares disclaims any obligation to update or revise any statements or views expressed herein.

The information in the prospectus (or Statement of Additional Information) for the Impact Shares Sustainable Development Goals in Least Developed Countries ETF is not complete and may be changed. Impact Shares may not sell this ETF until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus is not an offer to sell the Impact Shares Sustainable Development Goals in Least Developed Countries ETF and is not soliciting an offer to buy the ETF in any state where the offer or sale is not permitted.

Carefully consider the Funds’ investment objective, risk factors, and expenses before investing. This and additional information can be found in the Impact Shares statutory and summary prospectus, which may be obtained by calling 855-267-3837. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. Investments in commodities are subject to higher volatility than more traditional investments. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. The Fund is non-diversified.

Sales:Impact Shares844-GIVE-ETFinfo@impactetfs.orgorMedia:Gregory FCA for Impact SharesRyann Bucher, 215-475-5950impactshares@gregoryfca.com

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