NXTI vs. WOMN ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Impact Shares YWCA Womenas Empowerment ETF (WOMN)

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

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	WOMN
30 Days	5.73%	2.87%
60 Days	7.47%	2.73%
90 Days	10.93%	5.77%
12 Months		26.34%

65 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in WOMN	Overlap
A	D	0.26%	0.13%	0.13%
ADBE	C	2.94%	2.23%	2.23%
ADSK	A	0.72%	0.45%	0.45%
AIG	B	0.2%	0.24%	0.2%
ALL	A	0.19%	0.21%	0.19%
AMP	A	0.22%	0.21%	0.21%
AXP	A	0.77%	0.7%	0.7%
BAH	F	0.15%	0.09%	0.09%
BBY	D	0.18%	0.16%	0.16%
BKR	B	0.25%	0.17%	0.17%
CBRE	B	0.15%	0.16%	0.15%
CI	F	0.36%	0.5%	0.36%
CL	D	0.55%	0.39%	0.39%
CLX	B	0.13%	0.08%	0.08%
CMI	A	0.3%	0.2%	0.2%
CSCO	B	2.73%	1.92%	1.92%
D	C	0.46%	0.23%	0.23%
DASH	A	0.42%	0.17%	0.17%
DD	D	0.18%	0.15%	0.15%
DECK	A	0.14%	0.28%	0.14%
EA	A	0.5%	0.16%	0.16%
EBAY	D	0.33%	0.29%	0.29%
ECL	D	0.35%	0.27%	0.27%
ED	D	0.32%	0.16%	0.16%
EL	F	0.18%	0.11%	0.11%
ELV	F	0.36%	0.59%	0.36%
EXPE	B	0.14%	0.15%	0.14%
GIS	D	0.16%	0.19%	0.16%
GWW	B	0.31%	0.19%	0.19%
HIG	B	0.13%	0.16%	0.13%
HPQ	B	0.45%	0.36%	0.36%
HSY	F	0.15%	0.13%	0.13%
HUBS	A	0.34%	0.26%	0.26%
IBM	C	2.28%	1.64%	1.64%
INTU	C	2.08%	1.56%	1.56%
K	A	0.12%	0.09%	0.09%
KEYS	A	0.17%	0.25%	0.17%
KMB	D	0.31%	0.22%	0.22%
KO	D	1.23%	1.25%	1.23%
KR	B	0.37%	0.17%	0.17%
MA	C	3.02%	1.77%	1.77%
META	D	5.28%	4.85%	4.85%
MMM	D	0.47%	0.33%	0.33%
MSI	B	0.91%	0.63%	0.63%
MTCH	D	0.12%	0.04%	0.04%
NI	A	0.14%	0.06%	0.06%
NOW	A	2.29%	1.42%	1.42%
PAYX	C	0.32%	0.18%	0.18%
PEP	F	1.02%	1.17%	1.02%
PGR	A	0.56%	0.67%	0.56%
PINS	D	0.29%	0.08%	0.08%
PPG	F	0.12%	0.13%	0.12%
PRU	A	0.18%	0.19%	0.18%
TGT	F	0.67%	0.36%	0.36%
TT	A	0.52%	0.39%	0.39%
UBER	D	1.04%	1.22%	1.04%
UNH	C	2.16%	2.47%	2.16%
UPS	C	0.79%	0.43%	0.43%
VST	B	0.32%	0.14%	0.14%
WDAY	B	0.81%	0.51%	0.51%
WMB	A	0.59%	0.24%	0.24%
WMT	A	5.09%	0.73%	0.73%
WSM	B	0.14%	0.15%	0.14%
XOM	B	3.43%	2.53%	2.53%
XYL	D	0.14%	0.15%	0.14%

NXTI Overweight 132 Positions Relative to WOMN

Symbol	Grade	Weight
BRK.A	B	4.18%
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%
HON	B	0.91%
PM	B	0.9%
BKNG	A	0.88%
CDNS	B	0.87%
NKE	D	0.82%
FTNT	C	0.77%
BX	A	0.77%
AMAT	F	0.74%
GEV	B	0.66%
TEAM	A	0.61%
LOW	D	0.59%
ABNB	C	0.58%
FICO	B	0.57%
CTAS	B	0.55%
APP	B	0.54%
DDOG	A	0.54%
LRCX	F	0.53%
ORLY	B	0.49%
ITW	B	0.49%
ALGN	D	0.47%
CTSH	B	0.47%
INCY	C	0.46%
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%
NET	B	0.38%
SHW	A	0.36%
TRGP	B	0.34%
MPC	D	0.33%
ZS	C	0.33%
PEN	B	0.32%
GDDY	A	0.31%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
NTAP	C	0.29%
EXEL	B	0.29%
IOT	A	0.28%
STX	D	0.26%
AJG	B	0.25%
IT	C	0.24%
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%
MNST	C	0.22%
TRV	B	0.22%
IONS	F	0.22%
NTNX	A	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
MANH	D	0.19%
CVNA	B	0.19%
DT	C	0.19%
INSP	D	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
BBIO	F	0.18%
FAST	B	0.18%
DOCU	A	0.18%
MTD	D	0.18%
FFIV	B	0.17%
NRG	B	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%
HUM	C	0.15%
RARE	D	0.15%
CORT	B	0.15%
ILMN	D	0.15%
ROL	B	0.15%
LYV	A	0.15%
ALKS	B	0.14%
WAT	B	0.14%
DUOL	A	0.14%
BURL	A	0.14%
AXSM	B	0.14%
ACGL	D	0.14%
CNC	D	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%
BRO	B	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%
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 133 Positions Relative to WOMN

Symbol	Grade	Weight
AAPL	C	-5.02%
AMZN	C	-4.47%
LLY	F	-3.49%
MSFT	F	-2.49%
CRM	B	-2.27%
MCD	D	-2.04%
V	A	-1.94%
ACN	C	-1.9%
PG	A	-1.82%
JNJ	D	-1.82%
ABBV	D	-1.55%
CVX	A	-1.31%
MRK	F	-1.3%
BAC	A	-1.25%
SBUX	A	-1.03%
WFC	A	-0.95%
GE	D	-0.88%
AMGN	D	-0.82%
VZ	C	-0.82%
INTC	D	-0.81%
NFLX	A	-0.72%
UNP	C	-0.71%
SPGI	C	-0.7%
COP	C	-0.65%
MS	A	-0.6%
BLK	C	-0.6%
ETN	A	-0.59%
C	A	-0.56%
REGN	F	-0.55%
VRTX	F	-0.54%
ADP	B	-0.5%
GM	B	-0.49%
AMT	D	-0.49%
MDLZ	F	-0.47%
F	C	-0.46%
GILD	C	-0.46%
TEL	B	-0.43%
BMY	B	-0.43%
EQIX	A	-0.39%
WM	A	-0.37%
MPWR	F	-0.36%
TMUS	B	-0.36%
YUM	B	-0.36%
USB	A	-0.35%
PYPL	B	-0.34%
WELL	A	-0.33%
MCO	B	-0.33%
LULU	C	-0.29%
EMR	A	-0.28%
APD	A	-0.27%
PSX	C	-0.26%
CARR	D	-0.26%
NEM	D	-0.26%
NSC	B	-0.25%
ANSS	B	-0.25%
FTV	C	-0.24%
COF	B	-0.24%
SRE	A	-0.23%
AEP	D	-0.23%
MET	A	-0.22%
JCI	C	-0.22%
BK	A	-0.22%
TYL	B	-0.22%
RSG	A	-0.19%
EXC	C	-0.19%
HPE	B	-0.19%
PEG	A	-0.18%
CTVA	C	-0.18%
PCG	A	-0.18%
VRSK	A	-0.17%
DOW	F	-0.17%
OXY	D	-0.17%
KHC	F	-0.16%
IR	B	-0.16%
EIX	B	-0.15%
IRM	D	-0.15%
ADM	D	-0.15%
GPN	B	-0.14%
ROK	B	-0.14%
OKTA	C	-0.14%
CAH	B	-0.13%
FITB	A	-0.13%
WTW	B	-0.13%
BIIB	F	-0.13%
IFF	D	-0.12%
ETR	B	-0.12%
DAL	C	-0.12%
VTR	C	-0.11%
SCI	B	-0.11%
STT	A	-0.11%
TROW	B	-0.11%
CHD	B	-0.11%
AWK	D	-0.11%
RF	A	-0.1%
RJF	A	-0.1%
PPL	B	-0.1%
CMS	C	-0.09%
SYF	B	-0.09%
BAX	D	-0.09%
OMC	C	-0.09%
INVH	D	-0.09%
HBAN	A	-0.09%
BMRN	D	-0.08%
CNP	B	-0.08%
KEY	B	-0.08%
DAY	B	-0.08%
PFG	D	-0.08%
NTRS	A	-0.08%
ESS	B	-0.08%
TRU	D	-0.08%
SWK	D	-0.07%
CAG	D	-0.07%
LNT	A	-0.07%
OC	A	-0.07%
LUV	C	-0.07%
DOC	D	-0.07%
HST	C	-0.06%
IPG	D	-0.06%
SJM	D	-0.06%
CE	F	-0.06%
ETSY	D	-0.06%
PNR	A	-0.06%
TAP	C	-0.05%
CPB	D	-0.05%
REXR	F	-0.05%
ALB	C	-0.05%
ELS	C	-0.05%
Z	A	-0.04%
CFG	B	-0.04%
PNW	B	-0.04%
RHI	B	-0.03%
AGR	B	-0.01%
ZG	A	-0.01%