NXTI vs. CZAR ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Themes Natural Monopoly ETF (CZAR)

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

$30.57

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.09

Average Daily Volume

326

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	CZAR
30 Days	7.37%	3.32%
60 Days	7.78%	1.66%
90 Days	11.36%	4.12%
12 Months

16 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in CZAR	Overlap
ABNB	C	0.58%	0.41%	0.41%
ADBE	C	2.94%	2.99%	2.94%
AJG	A	0.25%	3.16%	0.25%
AXP	A	0.77%	3.46%	0.77%
CSCO	A	2.73%	3.99%	2.73%
ECL	D	0.35%	0.39%	0.35%
FDX	B	0.44%	0.36%	0.36%
GPC	D	0.1%	0.15%	0.1%
KO	D	1.23%	0.98%	0.98%
MA	B	3.02%	0.53%	0.53%
META	D	5.28%	3.57%	3.57%
PEP	F	1.02%	1.0%	1.0%
ROL	B	0.15%	0.48%	0.15%
UBER	D	1.04%	0.37%	0.37%
VMC	B	0.23%	0.33%	0.23%
XYL	D	0.14%	0.78%	0.14%

NXTI Overweight 181 Positions Relative to CZAR

Symbol	Grade	Weight
WMT	B	5.09%
BRK.A	B	4.18%
XOM	C	3.43%
NOW	B	2.29%
IBM	C	2.28%
UNH	B	2.16%
INTU	C	2.08%
HD	A	1.6%
PANW	C	1.5%
ALNY	D	1.07%
IDXX	F	1.04%
DELL	C	1.03%
PLTR	B	0.99%
SNPS	B	0.95%
SPOT	B	0.93%
MSI	C	0.91%
HON	B	0.91%
PM	B	0.9%
BKNG	B	0.88%
CDNS	B	0.87%
NKE	F	0.82%
WDAY	C	0.81%
UPS	C	0.79%
FTNT	C	0.77%
BX	B	0.77%
AMAT	F	0.74%
ADSK	B	0.72%
TGT	F	0.67%
GEV	C	0.66%
TEAM	B	0.61%
WMB	B	0.59%
LOW	C	0.59%
FICO	B	0.57%
PGR	A	0.56%
CL	D	0.55%
CTAS	B	0.55%
APP	B	0.54%
DDOG	A	0.54%
LRCX	F	0.53%
TT	B	0.52%
EA	C	0.5%
ORLY	B	0.49%
ITW	A	0.49%
ALGN	D	0.47%
CTSH	B	0.47%
MMM	D	0.47%
INCY	C	0.46%
D	C	0.46%
HPQ	B	0.45%
NTRA	B	0.45%
SRPT	F	0.43%
MMC	A	0.43%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
KR	A	0.37%
SHW	A	0.36%
CI	D	0.36%
ELV	F	0.36%
TRGP	B	0.34%
HUBS	B	0.34%
MPC	F	0.33%
EBAY	C	0.33%
ZS	C	0.33%
ED	D	0.32%
PAYX	B	0.32%
PEN	C	0.32%
VST	B	0.32%
GDDY	B	0.31%
KMB	C	0.31%
GWW	A	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
NTAP	C	0.29%
PINS	F	0.29%
EXEL	A	0.29%
IOT	B	0.28%
A	D	0.26%
STX	D	0.26%
BKR	C	0.25%
IT	C	0.24%
AFL	B	0.24%
RDDT	B	0.24%
MDB	C	0.24%
SNAP	C	0.23%
VLTO	C	0.23%
ZBRA	A	0.23%
NWS	B	0.22%
AMP	B	0.22%
MNST	B	0.22%
TRV	B	0.22%
IONS	F	0.22%
NTNX	B	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
AIG	B	0.2%
MANH	C	0.19%
CVNA	B	0.19%
DT	C	0.19%
INSP	D	0.19%
ALL	B	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
BBIO	D	0.18%
FAST	B	0.18%
EL	F	0.18%
PRU	A	0.18%
DOCU	A	0.18%
DD	D	0.18%
MTD	F	0.18%
BBY	D	0.18%
FFIV	A	0.17%
NRG	C	0.17%
KEYS	B	0.17%
CACI	D	0.16%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	B	0.16%
SYY	C	0.16%
JNPR	F	0.16%
GIS	D	0.16%
HUM	C	0.15%
RARE	F	0.15%
CORT	B	0.15%
ILMN	C	0.15%
HSY	F	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	B	0.14%
WSM	B	0.14%
EXPE	B	0.14%
BURL	B	0.14%
NI	A	0.14%
AXSM	B	0.14%
ACGL	D	0.14%
CNC	F	0.13%
HIG	B	0.13%
CLX	C	0.13%
DOV	A	0.12%
AVY	D	0.12%
EXPD	C	0.12%
K	A	0.12%
FOLD	F	0.12%
TER	F	0.12%
APLS	D	0.12%
MTCH	F	0.12%
PPG	D	0.12%
BRO	B	0.12%
TW	B	0.11%
GTLB	C	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	B	0.11%
TSCO	C	0.11%
NYT	C	0.11%
LII	A	0.11%
PCOR	B	0.11%
DKNG	C	0.1%
APPF	B	0.1%
AMED	F	0.1%
ACI	C	0.1%
TXT	D	0.1%
DNLI	D	0.1%
APTV	F	0.1%
CHWY	C	0.09%
DYN	F	0.09%
RS	B	0.09%
WING	F	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 29 Positions Relative to CZAR

Symbol	Grade	Weight
APO	A	-3.87%
BLK	C	-3.7%
FTV	B	-3.34%
ADI	D	-3.04%
OTEX	F	-3.0%
BMY	B	-2.61%
GILD	B	-2.49%
VRTX	D	-1.91%
KVUE	A	-1.3%
PG	A	-1.01%
AME	A	-1.01%
SNA	A	-0.7%
CVX	B	-0.67%
CPAY	A	-0.63%
CHTR	C	-0.62%
GPN	C	-0.54%
CMCSA	C	-0.52%
V	A	-0.52%
EXC	D	-0.49%
LKQ	D	-0.48%
WCN	A	-0.39%
LIN	D	-0.37%
CNI	D	-0.35%
STLA	F	-0.35%
T	A	-0.32%
DGX	B	-0.31%
VZ	B	-0.27%
IQV	F	-0.26%
RSG	A	-0.24%