NXTV vs. FNK ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to First Trust Mid Cap Value AlphaDEX Fund (FNK)

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

$28.86

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$57.37

Average Daily Volume

9,876

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	FNK
30 Days	5.48%	7.85%
60 Days	5.83%	5.62%
90 Days	10.13%	5.60%
12 Months		27.99%

51 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in FNK	Overlap
ADTN	A	0.17%	0.6%	0.17%
AEO	F	0.17%	0.35%	0.17%
AIZ	A	0.16%	0.32%	0.16%
ALIT	C	0.16%	0.15%	0.15%
ALKS	B	0.12%	0.28%	0.12%
AMKR	D	0.26%	0.48%	0.26%
AR	B	0.19%	0.32%	0.19%
ARW	D	0.17%	0.5%	0.17%
ASO	F	0.15%	0.58%	0.15%
BEN	C	0.16%	0.63%	0.16%
BWA	D	0.16%	0.68%	0.16%
BYD	C	0.05%	0.48%	0.05%
CIVI	D	0.13%	0.74%	0.13%
CLF	F	0.15%	0.51%	0.15%
DDS	B	0.27%	0.65%	0.27%
DINO	D	0.18%	0.7%	0.18%
DXC	B	0.15%	0.55%	0.15%
EVRG	A	0.14%	0.6%	0.14%
FHN	A	0.14%	0.57%	0.14%
GL	B	0.15%	0.45%	0.15%
HSIC	B	0.27%	0.15%	0.15%
IAC	D	0.17%	0.13%	0.13%
INGR	B	0.13%	0.44%	0.13%
JAZZ	B	0.2%	0.61%	0.2%
JEF	A	0.2%	0.17%	0.17%
JWN	C	0.17%	0.29%	0.17%
LAD	A	0.15%	0.68%	0.15%
LBRDK	C	0.46%	0.65%	0.46%
LKQ	D	0.17%	0.41%	0.17%
M	D	0.2%	0.56%	0.2%
MGM	D	0.08%	0.14%	0.08%
MUR	D	0.12%	0.71%	0.12%
NOV	C	0.16%	0.72%	0.16%
ORI	A	0.14%	0.31%	0.14%
OVV	B	0.27%	0.85%	0.27%
PAG	B	0.19%	0.43%	0.19%
PFGC	B	0.22%	0.15%	0.15%
PVH	C	0.16%	0.72%	0.16%
RHI	B	0.18%	0.16%	0.16%
RNR	C	0.21%	0.69%	0.21%
SANM	B	0.15%	0.49%	0.15%
SIG	B	0.16%	0.53%	0.16%
SNX	C	0.42%	0.42%	0.42%
SOLV	C	0.35%	0.56%	0.35%
SON	D	0.13%	0.4%	0.13%
TAP	C	0.17%	0.78%	0.17%
TPR	B	0.48%	0.17%	0.17%
UNM	A	0.18%	0.71%	0.18%
URBN	C	0.15%	0.72%	0.15%
WCC	B	0.23%	0.52%	0.23%
WHR	B	0.16%	0.45%	0.16%

NXTV Overweight 143 Positions Relative to FNK

Symbol	Grade	Weight
CMCSA	B	5.48%
T	A	5.05%
VZ	C	4.68%
PFE	D	4.63%
INTC	D	3.52%
DELL	C	3.41%
C	A	1.95%
KR	B	1.77%
HPQ	B	1.47%
FDX	B	1.15%
EBAY	D	1.1%
CVS	D	1.08%
HPE	B	1.06%
GM	B	1.04%
NTAP	C	0.98%
COF	B	0.96%
ZM	B	0.96%
WDC	D	0.92%
BBY	D	0.91%
GFS	C	0.91%
VICI	C	0.85%
FOXA	B	0.83%
MET	A	0.83%
TRV	B	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	C	0.75%
AIG	B	0.75%
EL	F	0.74%
ALL	A	0.74%
NWS	B	0.72%
F	C	0.72%
FCNCA	A	0.71%
DD	D	0.69%
PRU	A	0.67%
NUE	C	0.67%
ZBH	C	0.64%
KHC	F	0.62%
CTVA	C	0.62%
DLTR	F	0.61%
LEN	D	0.6%
ILMN	D	0.58%
SYY	B	0.57%
MRNA	F	0.57%
TWLO	A	0.55%
HUM	C	0.55%
JNPR	F	0.54%
CACI	D	0.53%
BAX	D	0.53%
SRE	A	0.53%
D	C	0.5%
ACI	C	0.49%
CNC	D	0.48%
IP	B	0.47%
PCG	A	0.46%
CCL	B	0.45%
CTRA	B	0.45%
ALB	C	0.43%
VTRS	A	0.42%
INCY	C	0.41%
ADM	D	0.4%
PPG	F	0.39%
EQT	B	0.39%
UAL	A	0.39%
MRO	B	0.39%
RS	B	0.38%
EXC	C	0.38%
FYBR	D	0.37%
GAP	C	0.37%
CIEN	B	0.36%
EXPE	B	0.36%
ED	D	0.36%
FLEX	A	0.35%
WRB	A	0.34%
DBX	B	0.34%
LUV	C	0.34%
MKL	A	0.34%
SYF	B	0.34%
CINF	A	0.33%
ETR	B	0.32%
TSN	B	0.32%
PATH	C	0.31%
LEVI	F	0.3%
CFG	B	0.3%
FTI	A	0.3%
PFG	D	0.29%
CRBG	B	0.29%
BILL	A	0.29%
PEGA	A	0.29%
GPC	D	0.28%
ARE	D	0.28%
SWK	D	0.28%
EXEL	B	0.27%
L	A	0.27%
U	C	0.27%
TXT	D	0.26%
BIO	D	0.26%
EG	C	0.24%
BLDR	D	0.24%
PPL	B	0.24%
FNF	B	0.24%
VFC	C	0.23%
NSIT	F	0.23%
LUMN	C	0.23%
SATS	D	0.23%
RGA	A	0.22%
USM	B	0.22%
SNA	A	0.22%
EQH	B	0.22%
AIT	A	0.22%
KD	B	0.22%
CNH	C	0.21%
RPM	A	0.21%
CPB	D	0.21%
W	F	0.21%
ROKU	D	0.21%
JLL	D	0.2%
ELAN	D	0.2%
CLVT	F	0.2%
CNA	B	0.2%
ALLY	C	0.2%
KMX	B	0.2%
COTY	F	0.19%
RIVN	F	0.19%
UPST	B	0.18%
BG	F	0.18%
AA	B	0.18%
TOL	B	0.18%
COKE	C	0.17%
FLS	B	0.17%
NI	A	0.16%
ZI	D	0.16%
WFRD	D	0.15%
X	C	0.15%
FRSH	C	0.15%
XRAY	F	0.14%
SLAB	D	0.14%
AGR	B	0.14%
CXT	B	0.13%
WBD	C	0.13%
CPRI	F	0.1%
LCID	F	0.09%
DLB	B	0.05%

NXTV Underweight 172 Positions Relative to FNK

Symbol	Grade	Weight
CNX	A	-0.87%
MTDR	B	-0.86%
AGO	B	-0.84%
NOG	A	-0.84%
SM	B	-0.81%
JXN	C	-0.8%
HP	B	-0.8%
OSK	B	-0.79%
PTEN	C	-0.78%
CMC	B	-0.78%
AL	B	-0.77%
HCC	B	-0.76%
ATKR	C	-0.75%
AMG	B	-0.75%
AMR	C	-0.74%
PBF	D	-0.73%
CHRD	D	-0.72%
UGI	A	-0.71%
NFE	D	-0.71%
RDN	C	-0.71%
TMHC	B	-0.71%
TEX	D	-0.71%
MTG	C	-0.7%
CADE	B	-0.68%
LBRT	D	-0.67%
G	B	-0.66%
DAR	C	-0.66%
RUSHA	C	-0.66%
TPH	D	-0.66%
APA	D	-0.66%
OZK	B	-0.65%
MGY	A	-0.65%
MHO	D	-0.65%
R	B	-0.64%
CNO	A	-0.64%
LNC	B	-0.64%
RRC	B	-0.64%
MTH	D	-0.63%
MATX	C	-0.63%
ESNT	D	-0.63%
LEA	D	-0.63%
HOG	D	-0.62%
FMC	D	-0.61%
GPI	A	-0.61%
COOP	B	-0.61%
BKH	A	-0.6%
PNW	B	-0.6%
SR	A	-0.59%
HRI	B	-0.59%
OTTR	C	-0.59%
NFG	A	-0.59%
GBDC	C	-0.59%
AAP	C	-0.59%
BCC	B	-0.58%
BBWI	D	-0.57%
HST	C	-0.57%
KRC	C	-0.57%
MOS	F	-0.56%
AVT	C	-0.56%
WBS	A	-0.56%
POR	C	-0.56%
MDU	D	-0.55%
SUM	B	-0.54%
ZION	B	-0.54%
CNXC	F	-0.53%
KBH	D	-0.52%
FNB	A	-0.51%
ALK	C	-0.51%
OMF	A	-0.51%
COLB	A	-0.51%
UHS	D	-0.5%
VLY	B	-0.49%
GMS	B	-0.48%
ABG	B	-0.47%
AXS	A	-0.47%
SWX	B	-0.46%
OGE	B	-0.46%
BERY	B	-0.46%
JBL	B	-0.46%
OGS	A	-0.45%
RIG	D	-0.44%
NXST	C	-0.43%
THO	B	-0.43%
POST	C	-0.41%
ENS	D	-0.41%
BC	C	-0.41%
SJM	D	-0.4%
AN	C	-0.4%
EMN	D	-0.4%
WU	D	-0.39%
ASH	D	-0.38%
OLN	D	-0.37%
BECN	B	-0.36%
PII	D	-0.35%
WTFC	A	-0.35%
MLI	C	-0.35%
SEIC	B	-0.34%
OGN	D	-0.34%
UBSI	B	-0.33%
CMA	A	-0.33%
HGV	B	-0.33%
PB	A	-0.33%
IDA	A	-0.33%
CRC	B	-0.32%
ACA	A	-0.32%
BOKF	B	-0.32%
ABCB	B	-0.32%
HII	D	-0.32%
VNT	B	-0.32%
HWC	B	-0.32%
SLM	A	-0.31%
LPX	B	-0.31%
PNM	F	-0.31%
SLGN	A	-0.3%
KNX	B	-0.3%
CUZ	B	-0.3%
MIDD	C	-0.29%
COLM	B	-0.29%
KFY	B	-0.29%
WTRG	B	-0.29%
CRL	C	-0.28%
MSM	C	-0.28%
AGCO	D	-0.28%
FIVE	F	-0.28%
UFPI	B	-0.28%
ASGN	F	-0.27%
REYN	D	-0.26%
TKR	D	-0.26%
WPC	D	-0.26%
TNET	D	-0.26%
SKX	D	-0.26%
MMS	F	-0.25%
IPG	D	-0.25%
DIOD	D	-0.24%
UHAL	D	-0.24%
PNFP	B	-0.18%
UMBF	B	-0.17%
EPAM	C	-0.17%
SSB	B	-0.16%
FLR	B	-0.16%
AUB	B	-0.16%
GXO	B	-0.16%
UCB	A	-0.16%
AVNT	B	-0.15%
FELE	B	-0.15%
WTS	B	-0.15%
SKY	A	-0.15%
PRGO	B	-0.15%
NJR	A	-0.15%
VOYA	B	-0.15%
WAL	B	-0.15%
AFG	A	-0.15%
DNB	B	-0.15%
SEM	B	-0.15%
BJ	A	-0.15%
MUSA	A	-0.15%
RYN	D	-0.14%
FUL	F	-0.14%
WD	D	-0.14%
TTC	D	-0.14%
BPOP	B	-0.14%
STWD	C	-0.14%
SEE	C	-0.14%
MAT	D	-0.14%
LSTR	D	-0.14%
FAF	A	-0.14%
IVZ	B	-0.14%
CZR	F	-0.13%
LFUS	F	-0.13%
FBIN	D	-0.12%
NSP	D	-0.12%
OPCH	D	-0.1%