NXTI vs. TRFM ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to AAM Transformers ETF (TRFM)

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

TRFM

AAM Transformers ETF

TRFM Description

AAM Transformers ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Advisors Asset Management, Inc. and Vident Investment Advisory, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across aerospace & defense, electronic components, IT consulting & other services, alternative carriers, electronic equipment & instruments, oil & gas refining & marketing, application software, heavy electrical equipment, independent power and renewable electricity producers, automobile manufacturers, hotels, resorts & cruise lines and leisure, semiconductors and semiconductor equipment, communications equipment, industrial machinery, consumer electronics, interactive home entertainment, specialty chemicals, copper, interactive media & services, systems software, data processing & outsourced services, internet & direct marketing retail, technology hardware and equipment, storage & peripherals, electrical components & equipment, internet services & infrastructure, trucking, communication services, media and entertainment, telecommunication services, diversified telecommunication services, consumer discretionary, automobiles and components, consumer durables and apparel, household durables, consumer services, retailing, energy, oil, gas and consumable fuels, industrials, capital goods, machinery, transportation, road and rail, information technology, software and services, IT services, materials, chemicals, metals and mining, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Pence Transformers Index, by using full replication technique. AAM Transformers ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$39.23

Average Daily Volume

3,017

Number of Holdings ^*

173

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	TRFM
30 Days	5.73%	11.72%
60 Days	7.47%	14.86%
90 Days	10.93%	16.44%
12 Months		37.14%

38 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in TRFM	Overlap
ABNB	C	0.58%	0.64%	0.58%
ADBE	C	2.94%	0.74%	0.74%
ADSK	A	0.72%	0.68%	0.68%
APP	B	0.54%	1.83%	0.54%
APPF	B	0.1%	0.27%	0.1%
CDNS	B	0.87%	0.67%	0.67%
DASH	A	0.42%	0.77%	0.42%
DDOG	A	0.54%	0.65%	0.54%
DT	C	0.19%	0.27%	0.19%
FICO	B	0.57%	0.74%	0.57%
FTNT	C	0.77%	0.71%	0.71%
GEV	B	0.66%	0.92%	0.66%
GTLB	B	0.11%	0.29%	0.11%
HUBS	A	0.34%	0.78%	0.34%
IBM	C	2.28%	0.83%	0.83%
INTU	C	2.08%	0.89%	0.89%
IOT	A	0.28%	0.65%	0.28%
LRCX	F	0.53%	0.55%	0.53%
MA	C	3.02%	0.86%	0.86%
MDB	C	0.24%	0.58%	0.24%
META	D	5.28%	0.91%	0.91%
NET	B	0.38%	0.68%	0.38%
NOW	A	2.29%	0.99%	0.99%
NTNX	A	0.21%	0.3%	0.21%
PANW	C	1.5%	0.94%	0.94%
PCOR	B	0.11%	0.34%	0.11%
PINS	D	0.29%	0.56%	0.29%
RDDT	B	0.24%	0.59%	0.24%
SNAP	C	0.23%	0.33%	0.23%
SNPS	B	0.95%	0.66%	0.66%
STX	D	0.26%	0.55%	0.26%
TEAM	A	0.61%	0.77%	0.61%
TER	D	0.12%	0.22%	0.12%
TOST	B	0.19%	0.43%	0.19%
UBER	D	1.04%	0.8%	0.8%
VST	B	0.32%	1.06%	0.32%
WDAY	B	0.81%	0.59%	0.59%
ZS	C	0.33%	0.74%	0.33%

NXTI Overweight 159 Positions Relative to TRFM

Symbol	Grade	Weight
WMT	A	5.09%
BRK.A	B	4.18%
XOM	B	3.43%
CSCO	B	2.73%
UNH	C	2.16%
HD	A	1.6%
KO	D	1.23%
ALNY	D	1.07%
IDXX	F	1.04%
DELL	C	1.03%
PEP	F	1.02%
PLTR	B	0.99%
SPOT	B	0.93%
MSI	B	0.91%
HON	B	0.91%
PM	B	0.9%
BKNG	A	0.88%
NKE	D	0.82%
UPS	C	0.79%
AXP	A	0.77%
BX	A	0.77%
AMAT	F	0.74%
TGT	F	0.67%
WMB	A	0.59%
LOW	D	0.59%
PGR	A	0.56%
CL	D	0.55%
CTAS	B	0.55%
TT	A	0.52%
EA	A	0.5%
ORLY	B	0.49%
ITW	B	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%
FDX	B	0.44%
SRPT	D	0.43%
MMC	B	0.43%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
KR	B	0.37%
SHW	A	0.36%
CI	F	0.36%
ELV	F	0.36%
ECL	D	0.35%
TRGP	B	0.34%
MPC	D	0.33%
EBAY	D	0.33%
ED	D	0.32%
PAYX	C	0.32%
PEN	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%
NTAP	C	0.29%
EXEL	B	0.29%
A	D	0.26%
BKR	B	0.25%
AJG	B	0.25%
IT	C	0.24%
AFL	B	0.24%
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%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
AIG	B	0.2%
MANH	D	0.19%
CVNA	B	0.19%
INSP	D	0.19%
ALL	A	0.19%
PSTG	D	0.19%
SMMT	D	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%
FFIV	B	0.17%
NRG	B	0.17%
KEYS	A	0.17%
CACI	D	0.16%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	A	0.16%
SYY	B	0.16%
JNPR	F	0.16%
GIS	D	0.16%
HUM	C	0.15%
RARE	D	0.15%
CORT	B	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%
BURL	A	0.14%
NI	A	0.14%
AXSM	B	0.14%
XYL	D	0.14%
ACGL	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%
K	A	0.12%
FOLD	F	0.12%
APLS	D	0.12%
MTCH	D	0.12%
PPG	F	0.12%
BRO	B	0.12%
TW	A	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%
DKNG	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%
WING	D	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 135 Positions Relative to TRFM

Symbol	Grade	Weight
TSLA	B	-1.22%
NVDA	C	-1.12%
CRM	B	-1.1%
ORCL	B	-1.05%
ETN	A	-1.02%
AVGO	D	-1.0%
AMZN	C	-0.98%
GOOGL	C	-0.93%
AXON	A	-0.92%
V	A	-0.86%
SHOP	B	-0.84%
MSFT	F	-0.83%
RKLB	B	-0.82%
TXN	C	-0.82%
AMD	F	-0.81%
AAPL	C	-0.79%
CRWD	B	-0.78%
SQ	B	-0.76%
MRVL	B	-0.74%
EMR	A	-0.72%
ANET	C	-0.69%
HWM	A	-0.69%
CPAY	A	-0.67%
SE	B	-0.67%
SNOW	C	-0.66%
APH	A	-0.66%
RBLX	C	-0.66%
AME	A	-0.65%
TCOM	B	-0.64%
CPNG	D	-0.64%
MU	D	-0.63%
TTWO	A	-0.63%
HEI	B	-0.6%
PDD	F	-0.6%
FTV	C	-0.59%
GFS	C	-0.58%
TYL	B	-0.58%
TSM	B	-0.58%
TDG	D	-0.57%
ARM	D	-0.56%
SAP	B	-0.53%
ACN	C	-0.53%
ABBV	D	-0.51%
KLAC	D	-0.5%
ZK	D	-0.49%
FSLR	F	-0.48%
MELI	D	-0.48%
BA	F	-0.48%
CLSK	C	-0.47%
CRDO	B	-0.47%
ASML	F	-0.44%
LITE	B	-0.43%
PAY	B	-0.43%
LYFT	C	-0.41%
MPWR	F	-0.41%
MARA	C	-0.41%
BILL	A	-0.41%
XPEV	C	-0.4%
GTLS	B	-0.39%
SITM	B	-0.39%
COHR	B	-0.38%
GRAB	B	-0.38%
RBRK	A	-0.37%
CFLT	B	-0.37%
BILI	D	-0.36%
AFRM	B	-0.36%
VERX	B	-0.36%
RMBS	C	-0.36%
GNRC	B	-0.35%
FOUR	B	-0.34%
MTSI	B	-0.34%
BE	B	-0.34%
EXLS	B	-0.33%
GLBE	B	-0.33%
GDS	C	-0.33%
NVT	B	-0.32%
S	B	-0.32%
CWAN	B	-0.32%
AI	B	-0.32%
ALKT	B	-0.32%
AVAV	D	-0.31%
AGYS	A	-0.31%
IPGP	D	-0.31%
HUBB	B	-0.31%
GLOB	B	-0.31%
LI	F	-0.31%
FLYW	C	-0.31%
SMTC	B	-0.31%
BMI	B	-0.3%
ERJ	B	-0.3%
PTC	A	-0.3%
PI	D	-0.3%
ITT	A	-0.3%
AEIS	B	-0.3%
MNDY	C	-0.29%
SMCI	F	-0.29%
FROG	C	-0.29%
WWD	B	-0.28%
FLNC	C	-0.28%
CLBT	B	-0.28%
DCI	B	-0.28%
CYBR	B	-0.28%
AMBA	B	-0.28%
EVTC	B	-0.28%
BZ	F	-0.28%
NDSN	B	-0.27%
SMAR	A	-0.27%
DLO	C	-0.27%
CGNX	C	-0.27%
POWI	D	-0.27%
ORA	B	-0.27%
ASX	D	-0.27%
ENS	D	-0.26%
AY	B	-0.26%
BRZE	C	-0.26%
SYNA	C	-0.26%
ENTG	D	-0.25%
SLAB	D	-0.25%
SPSC	C	-0.25%
HCP	B	-0.25%
STNE	F	-0.24%
ALGM	D	-0.24%
FORM	D	-0.24%
AIN	C	-0.24%
OLED	D	-0.23%
RIVN	F	-0.23%
SPR	D	-0.23%
ONTO	D	-0.23%
NIO	F	-0.23%
PAGS	F	-0.22%
AES	F	-0.21%
UMC	F	-0.21%
MQ	F	-0.2%
ZETA	D	-0.18%
RUN	F	-0.14%

TRFM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Aerospace & Defense Semiconductor Equipment & Materials Information Technology Services Auto Manufacturers Diversified Industrials Electronic Components Internet Content & Information Scientific & Technical Instruments Business Services Internet Content & Information Specialty Retail Utilities - Independent Power Producers Communication Equipment Credit Services Data Storage Electronic Gaming & Multimedia Internet Retail