FEX vs. NXTV ETF Comparison

Comparison of First Trust Large Cap Core AlphaDEX (FEX) to Simplify Next Intangible Value Index ETF (NXTV)

FEX

First Trust Large Cap Core AlphaDEX

FEX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$111.95

Average Daily Volume

18,528

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values 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 an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values 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. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$28.86

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

Performance

Period	FEX	NXTV
30 Days	6.62%	5.48%
60 Days	8.07%	5.83%
90 Days	10.60%	10.13%
12 Months	33.47%

79 Overlapping Holdings

Symbol	Grade	Weight in FEX	Weight in NXTV	Overlap
ADM	D	0.37%	0.4%	0.37%
AIG	B	0.35%	0.75%	0.35%
ALL	A	0.45%	0.74%	0.45%
ALLY	C	0.34%	0.2%	0.2%
ARE	D	0.15%	0.28%	0.15%
BBY	D	0.22%	0.91%	0.22%
BG	F	0.4%	0.18%	0.18%
BIIB	F	0.21%	0.78%	0.21%
BLDR	D	0.31%	0.24%	0.24%
C	A	0.37%	1.95%	0.37%
CCL	B	0.45%	0.45%	0.45%
CFG	B	0.38%	0.3%	0.3%
CINF	A	0.47%	0.33%	0.33%
CMCSA	B	0.44%	5.48%	0.44%
CNC	D	0.33%	0.48%	0.33%
COF	B	0.41%	0.96%	0.41%
CPB	D	0.15%	0.21%	0.15%
CRBG	B	0.36%	0.29%	0.29%
CTRA	B	0.46%	0.45%	0.45%
CTVA	C	0.16%	0.62%	0.16%
CVS	D	0.38%	1.08%	0.38%
D	C	0.25%	0.5%	0.25%
DD	D	0.16%	0.69%	0.16%
DELL	C	0.19%	3.41%	0.19%
DG	F	0.31%	0.76%	0.31%
EBAY	D	0.32%	1.1%	0.32%
ED	D	0.31%	0.36%	0.31%
EG	C	0.4%	0.24%	0.24%
EQT	B	0.41%	0.39%	0.39%
ETR	B	0.38%	0.32%	0.32%
EXC	C	0.33%	0.38%	0.33%
EXPE	B	0.52%	0.36%	0.36%
F	C	0.45%	0.72%	0.45%
FCNCA	A	0.4%	0.71%	0.4%
FDX	B	0.37%	1.15%	0.37%
FNF	B	0.17%	0.24%	0.17%
FOXA	B	0.45%	0.83%	0.45%
GM	B	0.53%	1.04%	0.53%
GPC	D	0.23%	0.28%	0.23%
HPE	B	0.44%	1.06%	0.44%
HPQ	B	0.09%	1.47%	0.09%
HUM	C	0.22%	0.55%	0.22%
INTC	D	0.36%	3.52%	0.36%
IP	B	0.4%	0.47%	0.4%
KHC	F	0.22%	0.62%	0.22%
KR	B	0.34%	1.77%	0.34%
L	A	0.36%	0.27%	0.27%
LEN	D	0.38%	0.6%	0.38%
LUV	C	0.28%	0.34%	0.28%
MET	A	0.09%	0.83%	0.09%
MKL	A	0.09%	0.34%	0.09%
NI	A	0.36%	0.16%	0.16%
NTAP	C	0.16%	0.98%	0.16%
NUE	C	0.41%	0.67%	0.41%
PCG	A	0.27%	0.46%	0.27%
PFG	D	0.17%	0.29%	0.17%
PPG	F	0.24%	0.39%	0.24%
PPL	B	0.26%	0.24%	0.24%
PRU	A	0.18%	0.67%	0.18%
RGA	A	0.18%	0.22%	0.18%
RIVN	F	0.08%	0.19%	0.08%
RPM	A	0.1%	0.21%	0.1%
RS	B	0.45%	0.38%	0.38%
SNA	A	0.52%	0.22%	0.22%
SRE	A	0.38%	0.53%	0.38%
SYF	B	0.54%	0.34%	0.34%
SYY	B	0.16%	0.57%	0.16%
T	A	0.44%	5.05%	0.44%
TOL	B	0.42%	0.18%	0.18%
TRV	B	0.28%	0.83%	0.28%
TSN	B	0.18%	0.32%	0.18%
TXT	D	0.32%	0.26%	0.26%
UAL	A	0.67%	0.39%	0.39%
VICI	C	0.08%	0.85%	0.08%
VTRS	A	0.38%	0.42%	0.38%
VZ	C	0.32%	4.68%	0.32%
WRB	A	0.18%	0.34%	0.18%
ZBH	C	0.35%	0.64%	0.35%
ZM	B	0.29%	0.96%	0.29%

FEX Overweight 294 Positions Relative to NXTV

Symbol	Grade	Weight
APP	B	0.97%
PLTR	B	0.7%
AXON	A	0.64%
RCL	A	0.55%
DAL	C	0.53%
VRT	B	0.52%
VST	B	0.52%
FICO	B	0.5%
GS	A	0.5%
EME	C	0.49%
KKR	A	0.49%
CVNA	B	0.48%
HWM	A	0.48%
PCAR	B	0.48%
PWR	A	0.47%
OC	A	0.47%
EOG	A	0.47%
STLD	B	0.47%
WAB	B	0.46%
TRGP	B	0.46%
COP	C	0.46%
TROW	B	0.46%
CVX	A	0.46%
BK	A	0.46%
TT	A	0.45%
AXP	A	0.45%
FANG	D	0.45%
VLO	C	0.45%
URI	B	0.44%
HEI	B	0.44%
BURL	A	0.44%
SLB	C	0.44%
HAL	C	0.44%
WFC	A	0.44%
KMI	A	0.43%
PGR	A	0.43%
CF	B	0.43%
NRG	B	0.43%
XOM	B	0.43%
MPC	D	0.42%
OXY	D	0.42%
DVN	F	0.42%
CPNG	D	0.42%
CTSH	B	0.42%
PSX	C	0.42%
UTHR	C	0.42%
MTB	A	0.41%
DASH	A	0.41%
HBAN	A	0.41%
LYV	A	0.41%
IRM	D	0.41%
GDDY	A	0.4%
FI	A	0.4%
TPL	A	0.4%
BKR	B	0.4%
LNG	B	0.4%
ON	D	0.39%
TMUS	B	0.39%
RBLX	C	0.39%
THC	D	0.39%
PHM	D	0.38%
HOOD	B	0.38%
LYB	F	0.37%
PM	B	0.37%
ORCL	B	0.37%
MSI	B	0.37%
PH	A	0.37%
CTAS	B	0.36%
AEE	A	0.36%
DHI	D	0.36%
CNP	B	0.36%
ATO	A	0.36%
BRO	B	0.36%
SWKS	F	0.36%
GEN	B	0.36%
XEL	A	0.36%
LII	A	0.35%
HCA	F	0.35%
COST	B	0.35%
DGX	A	0.35%
VTR	C	0.34%
CB	C	0.34%
AFL	B	0.34%
HIG	B	0.34%
TGT	F	0.34%
MS	A	0.33%
ANET	C	0.33%
META	D	0.33%
RMD	C	0.33%
DUK	C	0.33%
DTE	C	0.32%
AEP	D	0.32%
IBM	C	0.32%
GE	D	0.32%
ERIE	D	0.32%
AMP	A	0.31%
NEE	D	0.31%
NTRS	A	0.31%
ULTA	F	0.31%
APTV	D	0.31%
OKE	A	0.31%
JPM	A	0.3%
BAC	A	0.3%
CEG	D	0.3%
FTNT	C	0.3%
CHTR	C	0.3%
GRMN	B	0.3%
BKNG	A	0.3%
NFLX	A	0.3%
NOW	A	0.29%
ALNY	D	0.29%
GWW	B	0.29%
RF	A	0.29%
AKAM	D	0.29%
BAH	F	0.29%
NVDA	C	0.29%
ACGL	D	0.29%
STT	A	0.28%
FITB	A	0.28%
PKG	A	0.28%
USB	A	0.28%
FSLR	F	0.27%
TDY	B	0.27%
JBHT	C	0.27%
TTD	B	0.27%
WELL	A	0.27%
CSCO	B	0.27%
CASY	A	0.27%
BSX	B	0.27%
HLT	A	0.27%
ISRG	A	0.27%
CSX	B	0.26%
TJX	A	0.26%
LNT	A	0.26%
BRK.A	B	0.26%
TYL	B	0.26%
WEC	A	0.26%
MANH	D	0.25%
EIX	B	0.25%
DE	A	0.25%
CMS	C	0.25%
SPGI	C	0.25%
ICE	C	0.25%
CAT	B	0.25%
SHW	A	0.25%
SSNC	B	0.25%
MCO	B	0.25%
EQR	B	0.25%
PEG	A	0.25%
PSA	D	0.24%
HRL	D	0.24%
JNJ	D	0.24%
AVGO	D	0.24%
RJF	A	0.23%
CE	F	0.23%
NVR	D	0.23%
VLTO	D	0.23%
CARR	D	0.23%
GIS	D	0.22%
TSLA	B	0.22%
APO	B	0.22%
TDG	D	0.22%
STX	D	0.22%
DOW	F	0.21%
KDP	D	0.21%
EFX	F	0.21%
ELV	F	0.2%
CPAY	A	0.2%
DIS	B	0.2%
NDAQ	A	0.19%
APD	A	0.19%
DECK	A	0.19%
PNC	B	0.19%
CMI	A	0.19%
MSTR	C	0.19%
KEY	B	0.19%
IR	B	0.18%
HUBB	B	0.18%
AJG	B	0.18%
BR	A	0.18%
IEX	B	0.18%
LH	C	0.18%
SPG	B	0.18%
WSO	A	0.18%
J	F	0.18%
NWSA	B	0.18%
ETN	A	0.18%
KIM	A	0.18%
PYPL	B	0.18%
LVS	C	0.17%
SO	D	0.17%
CSL	C	0.17%
AAPL	C	0.17%
UPS	C	0.17%
MAA	B	0.17%
DRI	B	0.17%
LHX	C	0.17%
IT	C	0.17%
WY	D	0.16%
UBER	D	0.16%
CI	F	0.16%
AWK	D	0.16%
ROST	C	0.16%
FE	C	0.16%
FTV	C	0.16%
GD	F	0.16%
OMC	C	0.16%
TSCO	D	0.16%
KEYS	A	0.16%
ECL	D	0.16%
HOLX	D	0.16%
MDT	D	0.16%
KO	D	0.15%
MDLZ	F	0.15%
HSY	F	0.15%
O	D	0.15%
XYL	D	0.15%
CL	D	0.15%
DOC	D	0.15%
COIN	C	0.15%
EXR	D	0.15%
LLY	F	0.14%
WLK	D	0.14%
NKE	D	0.14%
MOH	F	0.14%
AMT	D	0.14%
WMB	A	0.11%
MPWR	F	0.11%
PANW	C	0.1%
MAR	B	0.1%
EMR	A	0.1%
CBOE	B	0.09%
HD	A	0.09%
AVB	B	0.09%
MSCI	C	0.09%
CMG	B	0.09%
WST	C	0.09%
ESS	B	0.09%
EQIX	A	0.09%
ABT	B	0.09%
SBUX	A	0.09%
CLX	B	0.09%
RSG	A	0.09%
DOV	A	0.09%
NSC	B	0.09%
MA	C	0.09%
ORLY	B	0.09%
PAYX	C	0.09%
GOOGL	C	0.09%
APH	A	0.09%
ARES	A	0.09%
ODFL	B	0.09%
JCI	C	0.09%
SYK	C	0.09%
AMZN	C	0.09%
ADSK	A	0.09%
AON	A	0.09%
MO	A	0.09%
BLK	C	0.09%
AVY	D	0.08%
ZTS	D	0.08%
MKC	D	0.08%
LMT	D	0.08%
EXPD	D	0.08%
MAS	D	0.08%
SBAC	D	0.08%
NOC	D	0.08%
BDX	F	0.08%
PEP	F	0.08%
MU	D	0.08%
KMB	D	0.08%
MCD	D	0.08%
POOL	C	0.08%
GLPI	C	0.08%
NDSN	B	0.08%
OTIS	C	0.08%
WAT	B	0.08%
ROL	B	0.08%
ACN	C	0.08%
MMC	B	0.08%
LOW	D	0.08%
AZO	C	0.08%
VRTX	F	0.08%
KLAC	D	0.07%
IQV	D	0.07%
TMO	F	0.07%
CAG	D	0.07%
RVTY	F	0.07%
BLD	D	0.07%
WSM	B	0.07%
AMGN	D	0.07%
FCX	D	0.07%
GEHC	F	0.07%
CCI	D	0.07%

FEX Underweight 115 Positions Relative to NXTV

Symbol	Grade	Weight
PFE	D	-4.63%
WDC	D	-0.92%
GFS	C	-0.91%
SNAP	C	-0.75%
EL	F	-0.74%
NWS	B	-0.72%
DLTR	F	-0.61%
ILMN	D	-0.58%
MRNA	F	-0.57%
TWLO	A	-0.55%
JNPR	F	-0.54%
CACI	D	-0.53%
BAX	D	-0.53%
ACI	C	-0.49%
TPR	B	-0.48%
LBRDK	C	-0.46%
ALB	C	-0.43%
SNX	C	-0.42%
INCY	C	-0.41%
MRO	B	-0.39%
FYBR	D	-0.37%
GAP	C	-0.37%
CIEN	B	-0.36%
SOLV	C	-0.35%
FLEX	A	-0.35%
DBX	B	-0.34%
PATH	C	-0.31%
LEVI	F	-0.3%
FTI	A	-0.3%
BILL	A	-0.29%
PEGA	A	-0.29%
SWK	D	-0.28%
EXEL	B	-0.27%
OVV	B	-0.27%
HSIC	B	-0.27%
U	C	-0.27%
DDS	B	-0.27%
AMKR	D	-0.26%
BIO	D	-0.26%
WCC	B	-0.23%
VFC	C	-0.23%
NSIT	F	-0.23%
LUMN	C	-0.23%
SATS	D	-0.23%
PFGC	B	-0.22%
USM	B	-0.22%
EQH	B	-0.22%
AIT	A	-0.22%
KD	B	-0.22%
CNH	C	-0.21%
W	F	-0.21%
ROKU	D	-0.21%
RNR	C	-0.21%
M	D	-0.2%
JEF	A	-0.2%
JLL	D	-0.2%
ELAN	D	-0.2%
CLVT	F	-0.2%
CNA	B	-0.2%
KMX	B	-0.2%
JAZZ	B	-0.2%
COTY	F	-0.19%
PAG	B	-0.19%
AR	B	-0.19%
RHI	B	-0.18%
UPST	B	-0.18%
UNM	A	-0.18%
AA	B	-0.18%
DINO	D	-0.18%
COKE	C	-0.17%
ARW	D	-0.17%
AEO	F	-0.17%
IAC	D	-0.17%
JWN	C	-0.17%
TAP	C	-0.17%
ADTN	A	-0.17%
LKQ	D	-0.17%
FLS	B	-0.17%
SIG	B	-0.16%
AIZ	A	-0.16%
ALIT	C	-0.16%
BWA	D	-0.16%
NOV	C	-0.16%
PVH	C	-0.16%
WHR	B	-0.16%
ZI	D	-0.16%
BEN	C	-0.16%
WFRD	D	-0.15%
X	C	-0.15%
CLF	F	-0.15%
LAD	A	-0.15%
GL	B	-0.15%
DXC	B	-0.15%
URBN	C	-0.15%
ASO	F	-0.15%
FRSH	C	-0.15%
SANM	B	-0.15%
XRAY	F	-0.14%
SLAB	D	-0.14%
EVRG	A	-0.14%
ORI	A	-0.14%
AGR	B	-0.14%
FHN	A	-0.14%
CIVI	D	-0.13%
INGR	B	-0.13%
CXT	B	-0.13%
WBD	C	-0.13%
SON	D	-0.13%
MUR	D	-0.12%
ALKS	B	-0.12%
CPRI	F	-0.1%
LCID	F	-0.09%
MGM	D	-0.08%
BYD	C	-0.05%
DLB	B	-0.05%