NXTI vs. FELC ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Fidelity Enhanced Large Cap Core ETF (FELC)

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

$28.22

Average Daily Volume

503

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$31.99

Average Daily Volume

588,663

Number of Holdings ^*

167

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	FELC
30 Days	-0.12%	0.66%
60 Days	2.82%	1.36%
90 Days	7.04%	7.06%
12 Months

46 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in FELC	Overlap
ADBE	F	3.13%	0.93%	0.93%
AMAT	F	0.81%	0.76%	0.76%
AXP	B	0.76%	0.3%	0.3%
BKNG	A	0.89%	0.12%	0.12%
BRK.A	D	4.21%	2.18%	2.18%
CACI	A	0.14%	0.51%	0.14%
CI	F	0.39%	0.63%	0.39%
CL	D	0.61%	0.59%	0.59%
CNC	F	0.15%	0.19%	0.15%
CSCO	B	2.61%	0.65%	0.65%
CTAS	B	0.55%	0.67%	0.55%
CVNA	A	0.13%	0.56%	0.13%
CVS	F	0.32%	0.25%	0.25%
DASH	A	0.38%	0.16%	0.16%
DOCU	B	0.16%	0.03%	0.03%
ECL	C	0.36%	0.63%	0.36%
EXEL	A	0.23%	0.47%	0.23%
HD	B	1.62%	1.27%	1.27%
IDXX	F	1.28%	0.17%	0.17%
INCY	A	0.4%	0.15%	0.15%
KO	D	1.34%	0.04%	0.04%
KR	B	0.37%	0.03%	0.03%
LNW	F	0.04%	0.12%	0.04%
LRCX	F	0.57%	0.49%	0.49%
MA	B	2.95%	1.35%	1.35%
META	B	5.27%	3.03%	3.03%
MMC	D	0.44%	0.29%	0.29%
MMM	D	0.5%	0.12%	0.12%
MSI	C	0.92%	0.48%	0.48%
NBIX	D	0.38%	0.24%	0.24%
NOW	B	2.2%	0.53%	0.53%
NRG	A	0.17%	0.1%	0.1%
PEP	D	1.03%	0.06%	0.06%
PGR	D	0.59%	0.72%	0.59%
PM	A	0.81%	0.94%	0.81%
PPG	F	0.13%	0.3%	0.13%
PRU	B	0.18%	0.03%	0.03%
TRV	B	0.21%	0.29%	0.21%
TT	C	0.55%	0.51%	0.51%
TXT	F	0.11%	0.48%	0.11%
UBER	C	1.07%	0.41%	0.41%
UNH	D	2.22%	0.57%	0.57%
VST	B	0.31%	0.11%	0.11%
WDAY	F	0.84%	0.15%	0.15%
WMT	A	4.94%	1.14%	1.14%
XOM	C	3.4%	1.57%	1.57%

NXTI Overweight 151 Positions Relative to FELC

Symbol	Grade	Weight
IBM	C	2.41%
INTU	D	2.1%
PANW	B	1.39%
ALNY	C	1.08%
DELL	A	0.98%
SNPS	B	0.93%
NKE	F	0.93%
HON	C	0.9%
SPOT	A	0.88%
PLTR	B	0.87%
CDNS	C	0.86%
UPS	C	0.79%
FTNT	B	0.75%
ADSK	B	0.7%
BX	B	0.69%
TGT	F	0.68%
LOW	B	0.61%
ALGN	F	0.57%
GEV	A	0.56%
FICO	B	0.55%
ABNB	C	0.53%
WMB	A	0.51%
TEAM	B	0.51%
ITW	A	0.5%
DDOG	B	0.49%
ORLY	C	0.49%
ELV	F	0.48%
CTSH	D	0.48%
NTRA	D	0.47%
EA	A	0.47%
HPQ	C	0.45%
D	B	0.44%
FDX	C	0.44%
INSM	D	0.42%
SRPT	D	0.42%
APP	A	0.41%
PH	A	0.4%
SHW	D	0.38%
CDW	F	0.37%
MPC	F	0.37%
EBAY	D	0.37%
HUBS	B	0.34%
NET	B	0.34%
ED	C	0.33%
KMB	D	0.33%
HSIC	D	0.31%
PAYX	B	0.31%
ZS	C	0.31%
NTAP	D	0.31%
PINS	C	0.3%
CMI	B	0.3%
TRGP	A	0.3%
GDDY	A	0.29%
GWW	A	0.29%
A	F	0.29%
IOT	B	0.28%
STX	C	0.28%
PEN	A	0.27%
AJG	D	0.26%
EL	F	0.26%
ITCI	A	0.25%
MDB	F	0.25%
IT	C	0.25%
AFL	C	0.25%
VLTO	D	0.25%
SMMT	C	0.23%
IONS	F	0.23%
BKR	A	0.23%
ZBRA	A	0.23%
NWS	A	0.21%
INSP	D	0.21%
BPMC	D	0.21%
BBY	D	0.21%
MTD	F	0.21%
VMC	A	0.21%
MNST	C	0.21%
AIG	B	0.2%
NTNX	B	0.2%
MANH	C	0.2%
AMP	B	0.2%
SNAP	B	0.2%
ALL	C	0.2%
CYTK	F	0.2%
BBIO	F	0.19%
DT	B	0.19%
DD	D	0.19%
PSTG	D	0.19%
GIS	D	0.18%
HUM	F	0.18%
KEYS	C	0.18%
TOST	A	0.18%
ACGL	D	0.17%
OTIS	C	0.17%
SYY	D	0.17%
RARE	D	0.16%
FAST	A	0.16%
XYL	F	0.16%
JNPR	A	0.16%
HSY	F	0.16%
WSM	F	0.16%
ROL	D	0.16%
MDGL	B	0.16%
ULTA	F	0.16%
AXSM	C	0.15%
LYV	A	0.15%
ALKS	F	0.15%
BURL	D	0.15%
CBRE	A	0.15%
TER	F	0.15%
WAT	D	0.15%
GWRE	B	0.15%
FFIV	A	0.15%
EXPE	B	0.14%
BAH	A	0.14%
CLX	C	0.14%
ILMN	B	0.14%
DUOL	A	0.14%
NI	A	0.14%
CORT	A	0.14%
HIG	C	0.14%
APLS	F	0.13%
LII	B	0.13%
GPC	F	0.13%
MTCH	C	0.13%
EXPD	D	0.13%
APTV	F	0.13%
RDDT	A	0.13%
DECK	B	0.13%
APPF	D	0.12%
DYN	F	0.12%
WING	F	0.12%
K	A	0.12%
DOV	B	0.12%
TSCO	D	0.12%
BRO	B	0.12%
AVY	D	0.12%
GTLB	C	0.11%
DKNG	F	0.11%
PCOR	B	0.11%
RL	B	0.11%
FOLD	B	0.11%
NYT	A	0.11%
DNLI	D	0.11%
IOVA	C	0.1%
RS	C	0.1%
AMED	D	0.1%
TGTX	A	0.1%
ACI	F	0.1%
TW	B	0.1%
CHWY	D	0.09%
DLB	C	0.04%

NXTI Underweight 121 Positions Relative to FELC

Symbol	Grade	Weight
AAPL	C	-7.62%
NVDA	B	-7.6%
MSFT	D	-5.93%
AMZN	B	-3.4%
GOOGL	A	-1.96%
AVGO	B	-1.91%
JPM	A	-1.82%
GOOG	A	-1.82%
NFLX	A	-1.19%
ABBV	A	-1.17%
CRM	B	-1.11%
BAC	B	-1.09%
LLY	D	-0.95%
CAT	B	-0.91%
TSLA	A	-0.89%
QCOM	D	-0.89%
MRK	F	-0.87%
CMCSA	A	-0.84%
T	A	-0.8%
SPGI	D	-0.79%
JNJ	D	-0.78%
GILD	A	-0.78%
RTX	C	-0.77%
UNP	D	-0.76%
NEE	D	-0.75%
LMT	D	-0.74%
PG	D	-0.73%
SCHW	B	-0.71%
BMY	A	-0.69%
TMO	F	-0.69%
BDX	D	-0.63%
NOC	D	-0.63%
PYPL	B	-0.62%
CSX	D	-0.6%
TJX	D	-0.57%
SPG	B	-0.57%
ABT	C	-0.56%
MU	C	-0.56%
DIS	B	-0.55%
SQ	B	-0.55%
DVN	F	-0.54%
DBX	B	-0.54%
ZM	A	-0.54%
CME	A	-0.51%
IGT	F	-0.51%
PCAR	C	-0.5%
PFE	D	-0.49%
SSNC	D	-0.49%
ANF	D	-0.45%
ANET	B	-0.44%
V	A	-0.43%
VZ	D	-0.42%
TDC	B	-0.41%
CMG	D	-0.41%
GE	C	-0.4%
AON	A	-0.39%
AMGN	C	-0.38%
MSCI	C	-0.33%
WM	A	-0.31%
NSC	B	-0.3%
COST	D	-0.3%
WTW	A	-0.3%
CAH	D	-0.29%
SEIC	A	-0.28%
EOG	D	-0.27%
KLAC	F	-0.27%
LDOS	A	-0.26%
GAP	D	-0.26%
NUE	F	-0.24%
VEEV	C	-0.24%
CCL	A	-0.23%
STLD	B	-0.23%
MEDP	F	-0.23%
ETN	B	-0.22%
TWLO	A	-0.22%
ALLE	C	-0.21%
GL	C	-0.21%
PEGA	A	-0.19%
GRMN	B	-0.18%
SKYW	A	-0.17%
CRUS	F	-0.15%
ALRM	F	-0.15%
XEL	A	-0.15%
UNM	A	-0.15%
GEHC	D	-0.14%
LYFT	C	-0.13%
GS	B	-0.13%
BK	B	-0.11%
MGM	D	-0.11%
F	D	-0.11%
PNC	A	-0.11%
BBWI	F	-0.11%
BIIB	F	-0.11%
SOLV	B	-0.1%
EQH	A	-0.1%
FR	D	-0.09%
PSA	D	-0.09%
HWM	B	-0.09%
DHI	D	-0.08%
MS	B	-0.07%
QRVO	F	-0.07%
AMT	D	-0.07%
LHX	A	-0.07%
SCCO	B	-0.06%
EVRG	C	-0.06%
UTHR	A	-0.05%
ROST	F	-0.04%
ORCL	B	-0.04%
AXTA	A	-0.04%
MPWR	F	-0.03%
PLTK	A	-0.03%
SWKS	F	-0.03%
COF	A	-0.02%
BWXT	B	-0.02%
C	A	-0.02%
SYK	C	-0.02%
AMD	F	-0.01%
OXY	F	-0.01%
CINF	B	-0.01%
CVX	C	-0.01%
GPN	D	-0.01%