NXTI vs. ACWV ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

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

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	ACWV
30 Days	5.73%	0.32%
60 Days	7.47%	-0.25%
90 Days	10.93%	1.23%
12 Months		18.77%

47 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in ACWV	Overlap
ACGL	D	0.14%	0.57%	0.14%
ACI	C	0.1%	0.05%	0.05%
AJG	B	0.25%	0.33%	0.25%
BAH	F	0.15%	0.37%	0.15%
BRK.A	B	4.18%	0.91%	0.91%
BRO	B	0.12%	0.3%	0.12%
CI	F	0.36%	0.24%	0.24%
CL	D	0.55%	0.35%	0.35%
CSCO	B	2.73%	1.57%	1.57%
CTSH	B	0.47%	0.21%	0.21%
EA	A	0.5%	0.63%	0.5%
ED	D	0.32%	0.84%	0.32%
ELV	F	0.36%	0.42%	0.36%
FFIV	B	0.17%	0.36%	0.17%
FICO	B	0.57%	0.12%	0.12%
GDDY	A	0.31%	0.64%	0.31%
GIS	D	0.16%	0.61%	0.16%
GPC	D	0.1%	0.05%	0.05%
HSIC	B	0.3%	0.05%	0.05%
HSY	F	0.15%	0.44%	0.15%
HUM	C	0.15%	0.31%	0.15%
IBM	C	2.28%	0.73%	0.73%
INCY	C	0.46%	0.38%	0.38%
IT	C	0.24%	0.07%	0.07%
JNPR	F	0.16%	0.32%	0.16%
K	A	0.12%	0.57%	0.12%
KEYS	A	0.17%	0.41%	0.17%
KMB	D	0.31%	0.3%	0.3%
KO	D	1.23%	0.05%	0.05%
KR	B	0.37%	0.83%	0.37%
MA	C	3.02%	0.19%	0.19%
MMC	B	0.43%	0.88%	0.43%
MNST	C	0.22%	0.12%	0.12%
MPC	D	0.33%	0.15%	0.15%
MSI	B	0.91%	1.88%	0.91%
NBIX	C	0.4%	0.31%	0.31%
ORLY	B	0.49%	0.62%	0.49%
PEP	F	1.02%	1.08%	1.02%
PGR	A	0.56%	0.84%	0.56%
ROL	B	0.15%	0.21%	0.15%
TRGP	B	0.34%	0.08%	0.08%
TRV	B	0.22%	0.32%	0.22%
ULTA	F	0.16%	0.16%	0.16%
UNH	C	2.16%	0.83%	0.83%
WDAY	B	0.81%	0.1%	0.1%
WMT	A	5.09%	1.82%	1.82%
XOM	B	3.43%	0.1%	0.1%

NXTI Overweight 150 Positions Relative to ACWV

Symbol	Grade	Weight
META	D	5.28%
ADBE	C	2.94%
NOW	A	2.29%
INTU	C	2.08%
HD	A	1.6%
PANW	C	1.5%
ALNY	D	1.07%
IDXX	F	1.04%
UBER	D	1.04%
DELL	C	1.03%
PLTR	B	0.99%
SNPS	B	0.95%
SPOT	B	0.93%
HON	B	0.91%
PM	B	0.9%
BKNG	A	0.88%
CDNS	B	0.87%
NKE	D	0.82%
UPS	C	0.79%
FTNT	C	0.77%
AXP	A	0.77%
BX	A	0.77%
AMAT	F	0.74%
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%
CTAS	B	0.55%
APP	B	0.54%
DDOG	A	0.54%
LRCX	F	0.53%
TT	A	0.52%
ITW	B	0.49%
ALGN	D	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%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
SHW	A	0.36%
ECL	D	0.35%
HUBS	A	0.34%
EBAY	D	0.33%
ZS	C	0.33%
PAYX	C	0.32%
PEN	B	0.32%
VST	B	0.32%
GWW	B	0.31%
CMI	A	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
NTAP	C	0.29%
PINS	D	0.29%
EXEL	B	0.29%
IOT	A	0.28%
A	D	0.26%
STX	D	0.26%
BKR	B	0.25%
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%
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%
ALL	A	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%
DOCU	A	0.18%
DD	D	0.18%
MTD	D	0.18%
BBY	D	0.18%
NRG	B	0.17%
CACI	D	0.16%
OTIS	C	0.16%
GWRE	A	0.16%
SYY	B	0.16%
RARE	D	0.15%
CORT	B	0.15%
ILMN	D	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%
BURL	A	0.14%
NI	A	0.14%
AXSM	B	0.14%
XYL	D	0.14%
CNC	D	0.13%
HIG	B	0.13%
CLX	B	0.13%
DOV	A	0.12%
AVY	D	0.12%
EXPD	D	0.12%
FOLD	F	0.12%
TER	D	0.12%
APLS	D	0.12%
MTCH	D	0.12%
PPG	F	0.12%
TW	A	0.11%
GTLB	B	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	B	0.11%
TSCO	D	0.11%
NYT	C	0.11%
LII	A	0.11%
PCOR	B	0.11%
DKNG	B	0.1%
APPF	B	0.1%
AMED	F	0.1%
TXT	D	0.1%
DNLI	D	0.1%
APTV	D	0.1%
CHWY	B	0.09%
DYN	F	0.09%
RS	B	0.09%
WING	D	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 92 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	B	-2.03%
WM	A	-1.5%
MCK	B	-1.42%
ROP	B	-1.36%
RSG	A	-1.19%
VRTX	F	-1.13%
MRK	F	-1.06%
JNJ	D	-1.05%
COR	B	-1.05%
MCD	D	-1.02%
CB	C	-0.88%
PG	A	-0.82%
DUK	C	-0.81%
SO	D	-0.8%
NOC	D	-0.77%
AZO	C	-0.77%
VZ	C	-0.76%
MSFT	F	-0.76%
WEC	A	-0.68%
REGN	F	-0.61%
V	A	-0.59%
CBOE	B	-0.54%
APH	A	-0.54%
ORCL	B	-0.54%
LLY	F	-0.52%
ABBV	D	-0.49%
GILD	C	-0.48%
FI	A	-0.48%
CHD	B	-0.46%
MKL	A	-0.43%
WRB	A	-0.41%
L	A	-0.4%
UTHR	C	-0.4%
WCN	A	-0.39%
CHT	D	-0.37%
TJX	A	-0.37%
KDP	D	-0.36%
VRSN	F	-0.35%
AON	A	-0.35%
AMGN	D	-0.34%
KHC	F	-0.33%
TSN	B	-0.32%
GEN	B	-0.3%
AKAM	D	-0.27%
SJM	D	-0.27%
T	A	-0.26%
ACN	C	-0.26%
ERIE	D	-0.26%
MDLZ	F	-0.25%
BMY	B	-0.25%
CF	B	-0.25%
YUM	B	-0.24%
FCNCA	A	-0.23%
LMT	D	-0.23%
CME	A	-0.23%
HRL	D	-0.23%
FWONK	B	-0.22%
PTC	A	-0.22%
BDX	F	-0.22%
CPB	D	-0.22%
MFG	B	-0.21%
JKHY	D	-0.2%
BMRN	D	-0.19%
DPZ	C	-0.19%
CAH	B	-0.18%
GD	F	-0.18%
LNG	B	-0.16%
CMS	C	-0.16%
DGX	A	-0.15%
AIZ	A	-0.13%
WIT	A	-0.12%
CTVA	C	-0.12%
MOH	F	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
EG	C	-0.1%
WTW	B	-0.1%
PCG	A	-0.1%
ABT	B	-0.1%
TPL	A	-0.1%
NEM	D	-0.09%
AEP	D	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	D	-0.06%
FANG	D	-0.06%
CHRW	C	-0.06%
CAG	D	-0.05%
HOLX	D	-0.05%
HKD	F	-0.0%