NXTV vs. DVAL ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to Dynamic US Large Cap Value ETF (DVAL)

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values 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 an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values 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. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$28.45

Average Daily Volume

731

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.75

Average Daily Volume

7,087

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	DVAL
30 Days	3.77%	2.72%
60 Days	4.81%	5.24%
90 Days	8.56%	6.69%
12 Months		26.63%

28 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in DVAL	Overlap
BG	D	0.2%	0.67%	0.2%
BLDR	D	0.27%	1.85%	0.27%
BYD	B	0.04%	0.14%	0.04%
CMCSA	B	5.15%	4.4%	4.4%
COKE	C	0.19%	0.22%	0.19%
CRBG	B	0.26%	0.73%	0.26%
EBAY	D	1.22%	0.77%	0.77%
EQH	C	0.2%	0.62%	0.2%
EXPE	B	0.33%	0.66%	0.33%
FLEX	B	0.33%	0.41%	0.33%
FOXA	A	0.82%	0.53%	0.53%
GM	C	0.9%	3.36%	0.9%
INGR	C	0.13%	0.18%	0.13%
KHC	F	0.64%	1.0%	0.64%
MGM	D	0.08%	0.74%	0.08%
MRO	B	0.37%	0.62%	0.37%
NUE	C	0.7%	1.19%	0.7%
ORI	A	0.14%	0.64%	0.14%
PVH	C	0.16%	0.2%	0.16%
RHI	C	0.17%	0.27%	0.17%
RS	B	0.38%	0.99%	0.38%
SNX	D	0.43%	0.19%	0.19%
SYY	D	0.58%	0.46%	0.46%
TOL	B	0.19%	0.31%	0.19%
TPR	B	0.46%	0.08%	0.08%
TXT	D	0.28%	0.52%	0.28%
VZ	C	4.9%	0.4%	0.4%
WCC	B	0.19%	0.0%	0.0%

NXTV Overweight 167 Positions Relative to DVAL

Symbol	Grade	Weight
T	A	4.84%
PFE	F	4.65%
INTC	C	3.77%
DELL	B	3.21%
C	A	1.86%
KR	B	1.78%
HPQ	B	1.46%
CVS	D	1.18%
FDX	B	1.13%
HPE	B	1.09%
EL	F	1.05%
NTAP	C	1.04%
BBY	D	1.02%
GFS	C	0.98%
WDC	D	0.94%
ZM	C	0.88%
COF	C	0.87%
VICI	C	0.87%
MET	A	0.86%
BIIB	F	0.85%
DG	F	0.79%
TRV	B	0.78%
ALL	A	0.74%
DD	C	0.73%
F	C	0.73%
AIG	B	0.71%
MRNA	F	0.69%
NWS	A	0.68%
FCNCA	A	0.67%
HUM	C	0.66%
PRU	A	0.65%
SNAP	D	0.65%
LEN	D	0.65%
DLTR	F	0.65%
ZBH	C	0.63%
CTVA	C	0.59%
CNC	D	0.57%
BAX	F	0.56%
SRE	A	0.53%
JNPR	D	0.53%
ILMN	C	0.52%
ACI	C	0.49%
D	C	0.48%
CACI	D	0.47%
PCG	A	0.44%
CTRA	B	0.44%
LBRDK	C	0.43%
TWLO	A	0.43%
ALB	B	0.42%
ADM	D	0.42%
IP	A	0.41%
VTRS	A	0.41%
PPG	F	0.4%
EXC	C	0.39%
GAP	C	0.39%
EQT	B	0.38%
CCL	A	0.37%
LEVI	F	0.37%
FYBR	C	0.36%
INCY	C	0.36%
ED	C	0.36%
CIEN	C	0.34%
MKL	A	0.34%
SWK	D	0.33%
DBX	B	0.33%
SOLV	D	0.33%
WRB	A	0.33%
GPC	D	0.33%
TSN	B	0.32%
LUV	C	0.32%
AMKR	D	0.31%
PATH	C	0.31%
CINF	A	0.31%
U	C	0.3%
SYF	B	0.3%
CFG	B	0.29%
FTI	A	0.29%
PFG	D	0.29%
ARE	F	0.29%
DDS	B	0.28%
NSIT	F	0.28%
UAL	A	0.28%
ETR	B	0.27%
L	A	0.27%
W	D	0.27%
HSIC	C	0.27%
BILL	A	0.26%
LUMN	C	0.26%
OVV	B	0.26%
PEGA	B	0.26%
FNF	B	0.25%
EG	C	0.25%
PPL	A	0.24%
BIO	C	0.24%
ROKU	D	0.24%
SATS	D	0.23%
ELAN	D	0.23%
COTY	F	0.23%
CPB	D	0.22%
RNR	C	0.22%
RGA	A	0.22%
KD	B	0.22%
AR	B	0.21%
CPRI	F	0.21%
DINO	D	0.21%
AIT	B	0.21%
CLVT	D	0.21%
KMX	B	0.21%
VFC	C	0.21%
JLL	D	0.2%
M	F	0.2%
PAG	B	0.2%
CNH	C	0.2%
ALLY	C	0.2%
JAZZ	B	0.2%
CNA	C	0.2%
RIVN	F	0.2%
PFGC	B	0.2%
EXEL	B	0.2%
IAC	F	0.19%
JEF	A	0.19%
SNA	A	0.19%
AEO	F	0.19%
USM	B	0.19%
RPM	A	0.19%
TAP	C	0.18%
ARW	D	0.18%
SWN	C	0.18%
LKQ	F	0.18%
BWA	D	0.17%
JWN	D	0.17%
FLS	B	0.17%
AA	A	0.17%
ADTN	A	0.17%
SIG	B	0.17%
ASO	F	0.17%
BEN	C	0.16%
XRAY	F	0.16%
AIZ	A	0.16%
NOV	C	0.16%
URBN	C	0.16%
WHR	B	0.16%
ALIT	C	0.16%
UNM	A	0.16%
GL	C	0.15%
SANM	B	0.15%
ZI	D	0.15%
FRSH	B	0.15%
SLAB	F	0.15%
NI	A	0.15%
WFRD	D	0.15%
DXC	B	0.15%
LCID	F	0.14%
LAD	A	0.14%
EVRG	A	0.14%
AGR	A	0.14%
CLF	F	0.14%
UPST	B	0.14%
FHN	A	0.13%
MUR	D	0.13%
CIVI	D	0.13%
WBD	B	0.13%
CXT	C	0.13%
X	B	0.13%
ALKS	C	0.13%
SON	F	0.13%
DLB	B	0.05%

NXTV Underweight 82 Positions Relative to DVAL

Symbol	Grade	Weight
LMT	D	-4.65%
IBM	C	-4.23%
DE	B	-3.74%
TMUS	B	-3.64%
HON	C	-3.58%
CSCO	B	-3.48%
CAT	B	-3.21%
COP	C	-2.99%
MPC	D	-2.63%
PYPL	B	-2.39%
CVX	A	-2.11%
JNJ	C	-1.52%
AXP	A	-1.5%
STLD	B	-1.44%
LYB	F	-1.44%
WMT	A	-1.37%
MMM	D	-1.32%
WMB	A	-1.29%
PCAR	B	-1.24%
VLO	C	-1.19%
CSL	C	-1.08%
PHM	D	-1.05%
EXPD	C	-1.02%
GIS	D	-0.97%
SCI	B	-0.93%
PG	C	-0.92%
JBL	C	-0.91%
OC	A	-0.87%
CF	A	-0.8%
NRG	B	-0.76%
BMY	B	-0.7%
PSX	C	-0.69%
IPG	D	-0.69%
WFC	A	-0.69%
DRI	B	-0.68%
MLM	C	-0.68%
AMGN	F	-0.67%
NVR	D	-0.66%
AN	C	-0.62%
CPAY	A	-0.61%
AFG	A	-0.59%
BERY	C	-0.52%
EOG	A	-0.51%
WH	B	-0.5%
EVR	B	-0.49%
ARMK	B	-0.48%
DIS	B	-0.46%
MTG	C	-0.45%
OMF	A	-0.44%
NXST	C	-0.43%
TRMB	B	-0.42%
SAIC	F	-0.39%
AMG	B	-0.39%
MRK	D	-0.36%
TRGP	A	-0.36%
BC	C	-0.35%
KBH	D	-0.34%
RL	C	-0.33%
DVA	C	-0.31%
MUSA	B	-0.29%
R	B	-0.28%
DKS	D	-0.27%
BCC	B	-0.25%
AM	A	-0.24%
EXP	B	-0.23%
AOS	F	-0.23%
EMN	C	-0.22%
BLD	D	-0.2%
H	B	-0.19%
CBT	D	-0.17%
CNM	D	-0.16%
FANG	C	-0.15%
NEU	D	-0.14%
FMC	D	-0.13%
WEX	D	-0.13%
MDU	D	-0.13%
CHX	C	-0.1%
GPK	C	-0.1%
RDN	D	-0.08%
OMC	C	-0.05%
WSC	F	-0.04%
VOYA	B	-0.04%