BRNY vs. NXTI ETF Comparison

Comparison of Burney U.S. Factor Rotation ETF (BRNY) to Simplify Next Intangible Core Index ETF (NXTI)

BRNY

Burney U.S. Factor Rotation ETF

BRNY Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks long term growth of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock. The fund will invest its assets in common stocks of large, mid, and small-capitalization companies.

Grade (RS Rating)

Last Trade

$42.96

Average Daily Volume

10,353

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NXTI

Simplify Next Intangible Core Index ETF

NXTI Description

NXTI targets US companies with relatively high intangible capital-to-book assets ratios within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$30.42

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	BRNY	NXTI
30 Days	7.37%	5.73%
60 Days	9.01%	7.47%
90 Days	10.60%	10.93%
12 Months	43.45%

28 Overlapping Holdings

Symbol	Grade	Weight in BRNY	Weight in NXTI	Overlap
ACGL	D	0.24%	0.14%	0.14%
ALL	A	0.5%	0.19%	0.19%
ALNY	D	0.4%	1.07%	0.4%
AMAT	F	0.39%	0.74%	0.39%
APP	B	1.95%	0.54%	0.54%
BURL	A	0.51%	0.14%	0.14%
CACI	D	0.42%	0.16%	0.16%
CNC	D	0.34%	0.13%	0.13%
CORT	B	0.68%	0.15%	0.15%
DOCU	A	0.53%	0.18%	0.18%
EA	A	0.8%	0.5%	0.5%
EBAY	D	0.5%	0.33%	0.33%
EXEL	B	2.59%	0.29%	0.29%
FTNT	C	5.76%	0.77%	0.77%
GWRE	A	0.49%	0.16%	0.16%
INCY	C	0.53%	0.46%	0.46%
LII	A	0.48%	0.11%	0.11%
META	D	4.87%	5.28%	4.87%
MMC	B	0.36%	0.43%	0.36%
NTAP	C	0.48%	0.29%	0.29%
PANW	C	3.2%	1.5%	1.5%
PGR	A	3.75%	0.56%	0.56%
PLTR	B	0.89%	0.99%	0.89%
TGTX	B	0.45%	0.11%	0.11%
TRGP	B	0.59%	0.34%	0.34%
TSCO	D	0.25%	0.11%	0.11%
TT	A	4.01%	0.52%	0.52%
WING	D	0.5%	0.08%	0.08%

BRNY Overweight 50 Positions Relative to NXTI

Symbol	Grade	Weight
NVDA	C	5.18%
TXRH	C	4.9%
AAPL	C	4.6%
COR	B	4.56%
TOL	B	4.33%
WAB	B	3.9%
GOOGL	C	2.87%
MCO	B	2.64%
G	B	2.02%
NFLX	A	1.92%
BRBR	A	1.83%
QCOM	F	1.61%
ANET	C	1.44%
APH	A	1.29%
COLL	F	1.27%
UGI	A	1.15%
EME	C	1.12%
VERX	B	1.02%
DOCS	C	0.93%
HWM	A	0.87%
SFM	A	0.75%
YOU	D	0.59%
ALSN	B	0.56%
SPG	B	0.55%
MS	A	0.54%
SYF	B	0.54%
KMI	A	0.53%
WFC	A	0.53%
CBOE	B	0.52%
JPM	A	0.51%
BK	A	0.49%
EXP	A	0.49%
PRG	C	0.49%
AER	B	0.48%
GRBK	D	0.47%
VRTX	F	0.47%
UTHR	C	0.46%
LIN	D	0.46%
VICI	C	0.46%
AVGO	D	0.45%
PHM	D	0.42%
SN	D	0.42%
ETN	A	0.39%
TPH	D	0.37%
JAMF	F	0.36%
LOPE	B	0.29%
ROST	C	0.26%
DFIN	D	0.23%
NVT	B	0.22%
KLAC	D	0.2%

BRNY Underweight 169 Positions Relative to NXTI

Symbol	Grade	Weight
WMT	A	-5.09%
BRK.A	B	-4.18%
XOM	B	-3.43%
MA	C	-3.02%
ADBE	C	-2.94%
CSCO	B	-2.73%
NOW	A	-2.29%
IBM	C	-2.28%
UNH	C	-2.16%
INTU	C	-2.08%
HD	A	-1.6%
KO	D	-1.23%
IDXX	F	-1.04%
UBER	D	-1.04%
DELL	C	-1.03%
PEP	F	-1.02%
SNPS	B	-0.95%
SPOT	B	-0.93%
MSI	B	-0.91%
HON	B	-0.91%
PM	B	-0.9%
BKNG	A	-0.88%
CDNS	B	-0.87%
NKE	D	-0.82%
WDAY	B	-0.81%
UPS	C	-0.79%
AXP	A	-0.77%
BX	A	-0.77%
ADSK	A	-0.72%
TGT	F	-0.67%
GEV	B	-0.66%
TEAM	A	-0.61%
WMB	A	-0.59%
LOW	D	-0.59%
ABNB	C	-0.58%
FICO	B	-0.57%
CL	D	-0.55%
CTAS	B	-0.55%
DDOG	A	-0.54%
LRCX	F	-0.53%
ORLY	B	-0.49%
ITW	B	-0.49%
ALGN	D	-0.47%
CTSH	B	-0.47%
MMM	D	-0.47%
D	C	-0.46%
HPQ	B	-0.45%
NTRA	B	-0.45%
FDX	B	-0.44%
SRPT	D	-0.43%
DASH	A	-0.42%
NBIX	C	-0.4%
INSM	C	-0.39%
PH	A	-0.39%
NET	B	-0.38%
KR	B	-0.37%
SHW	A	-0.36%
CI	F	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
HUBS	A	-0.34%
MPC	D	-0.33%
ZS	C	-0.33%
ED	D	-0.32%
PAYX	C	-0.32%
PEN	B	-0.32%
VST	B	-0.32%
GDDY	A	-0.31%
KMB	D	-0.31%
GWW	B	-0.31%
CMI	A	-0.3%
HSIC	B	-0.3%
CDW	F	-0.3%
ITCI	C	-0.29%
CVS	D	-0.29%
PINS	D	-0.29%
IOT	A	-0.28%
A	D	-0.26%
STX	D	-0.26%
BKR	B	-0.25%
AJG	B	-0.25%
IT	C	-0.24%
AFL	B	-0.24%
RDDT	B	-0.24%
MDB	C	-0.24%
SNAP	C	-0.23%
VLTO	D	-0.23%
VMC	B	-0.23%
ZBRA	B	-0.23%
NWS	B	-0.22%
AMP	A	-0.22%
MNST	C	-0.22%
TRV	B	-0.22%
IONS	F	-0.22%
NTNX	A	-0.21%
MDGL	B	-0.2%
CYTK	F	-0.2%
BPMC	C	-0.2%
AIG	B	-0.2%
MANH	D	-0.19%
CVNA	B	-0.19%
DT	C	-0.19%
INSP	D	-0.19%
PSTG	D	-0.19%
SMMT	D	-0.19%
TOST	B	-0.19%
BBIO	F	-0.18%
FAST	B	-0.18%
EL	F	-0.18%
PRU	A	-0.18%
DD	D	-0.18%
MTD	D	-0.18%
BBY	D	-0.18%
FFIV	B	-0.17%
NRG	B	-0.17%
KEYS	A	-0.17%
ULTA	F	-0.16%
OTIS	C	-0.16%
SYY	B	-0.16%
JNPR	F	-0.16%
GIS	D	-0.16%
HUM	C	-0.15%
RARE	D	-0.15%
ILMN	D	-0.15%
HSY	F	-0.15%
ROL	B	-0.15%
BAH	F	-0.15%
CBRE	B	-0.15%
LYV	A	-0.15%
DECK	A	-0.14%
ALKS	B	-0.14%
WAT	B	-0.14%
DUOL	A	-0.14%
WSM	B	-0.14%
EXPE	B	-0.14%
NI	A	-0.14%
AXSM	B	-0.14%
XYL	D	-0.14%
HIG	B	-0.13%
CLX	B	-0.13%
DOV	A	-0.12%
AVY	D	-0.12%
EXPD	D	-0.12%
K	A	-0.12%
FOLD	F	-0.12%
TER	D	-0.12%
APLS	D	-0.12%
MTCH	D	-0.12%
PPG	F	-0.12%
BRO	B	-0.12%
TW	A	-0.11%
GTLB	B	-0.11%
IOVA	F	-0.11%
RL	B	-0.11%
NYT	C	-0.11%
PCOR	B	-0.11%
DKNG	B	-0.1%
APPF	B	-0.1%
AMED	F	-0.1%
ACI	C	-0.1%
TXT	D	-0.1%
GPC	D	-0.1%
DNLI	D	-0.1%
APTV	D	-0.1%
CHWY	B	-0.09%
DYN	F	-0.09%
RS	B	-0.09%
DLB	B	-0.04%
LNW	D	-0.04%