PY vs. NXTI ETF Comparison

Comparison of Principal Shareholder Yield Index ETF (PY) to Simplify Next Intangible Core Index ETF (NXTI)

PY

Principal Shareholder Yield Index ETF

PY Description

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.

Grade (RS Rating)

Last Trade

$51.93

Average Daily Volume

5,520

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

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

Performance

Period	PY	NXTI
30 Days	4.03%	5.73%
60 Days	5.45%	7.47%
90 Days	7.68%	10.93%
12 Months	30.80%

33 Overlapping Holdings

Symbol	Grade	Weight in PY	Weight in NXTI	Overlap
AIG	B	0.81%	0.2%	0.2%
AMP	A	0.99%	0.22%	0.22%
AXP	A	1.13%	0.77%	0.77%
BKR	B	0.94%	0.25%	0.25%
CI	F	0.81%	0.36%	0.36%
CTSH	B	0.8%	0.47%	0.47%
CVS	D	0.78%	0.29%	0.29%
DD	D	0.78%	0.18%	0.18%
EBAY	D	0.77%	0.33%	0.33%
FDX	B	0.83%	0.44%	0.44%
GIS	D	0.65%	0.16%	0.16%
GPC	D	0.66%	0.1%	0.1%
HD	A	1.58%	1.6%	1.58%
HIG	B	0.75%	0.13%	0.13%
HPQ	B	0.79%	0.45%	0.45%
HSY	F	0.66%	0.15%	0.15%
ITW	B	0.9%	0.49%	0.49%
KMB	D	0.69%	0.31%	0.31%
KR	B	0.84%	0.37%	0.37%
LOW	D	1.06%	0.59%	0.59%
MMC	B	0.88%	0.43%	0.43%
MPC	D	0.75%	0.33%	0.33%
NKE	D	0.82%	0.82%	0.82%
OTIS	C	0.82%	0.16%	0.16%
PAYX	C	0.85%	0.32%	0.32%
PPG	F	0.73%	0.12%	0.12%
PRU	A	0.84%	0.18%	0.18%
RL	B	0.84%	0.11%	0.11%
SYY	B	0.72%	0.16%	0.16%
TRGP	B	0.97%	0.34%	0.34%
TRV	B	0.86%	0.22%	0.22%
TT	A	1.0%	0.52%	0.52%
XOM	B	1.82%	3.43%	1.82%

PY Overweight 72 Positions Relative to NXTI

Symbol	Grade	Weight
AAPL	C	3.82%
MSFT	F	3.5%
NVDA	C	3.38%
AVGO	D	2.35%
WFC	A	1.43%
CVX	A	1.35%
MS	A	1.26%
CAT	B	1.18%
ACN	C	1.18%
CMCSA	B	1.09%
QCOM	F	1.07%
BMY	B	1.05%
ADP	B	1.01%
DFS	B	1.0%
RTX	C	1.0%
TJX	A	0.98%
SYF	B	0.97%
PNC	B	0.96%
EQT	B	0.94%
SNA	A	0.93%
DE	A	0.91%
BK	A	0.91%
CB	C	0.91%
MO	A	0.89%
HPE	B	0.88%
LMT	D	0.88%
STLD	B	0.88%
PNR	A	0.87%
CSX	B	0.86%
SLB	C	0.85%
RF	A	0.85%
SPG	B	0.85%
FITB	A	0.85%
MET	A	0.85%
FOXA	B	0.83%
ROK	B	0.82%
PLD	D	0.82%
VLO	C	0.8%
NDAQ	A	0.8%
CINF	A	0.79%
BR	A	0.79%
PSX	C	0.79%
WTW	B	0.79%
AIZ	A	0.78%
TAP	C	0.78%
MDLZ	F	0.77%
CF	B	0.77%
BEN	C	0.77%
MRO	B	0.76%
DRI	B	0.76%
HAL	C	0.76%
FANG	D	0.75%
AVB	B	0.75%
BBWI	D	0.75%
NDSN	B	0.74%
ALLE	D	0.73%
EMN	D	0.72%
ESS	B	0.72%
OXY	D	0.72%
VICI	C	0.7%
MAA	B	0.7%
CPT	B	0.69%
EG	C	0.68%
INVH	D	0.67%
AOS	F	0.66%
ARE	D	0.66%
SBAC	D	0.66%
HRL	D	0.65%
MKC	D	0.65%
ADM	D	0.65%
LYB	F	0.64%
SWKS	F	0.6%

PY Underweight 164 Positions Relative to NXTI

Symbol	Grade	Weight
META	D	-5.28%
WMT	A	-5.09%
BRK.A	B	-4.18%
MA	C	-3.02%
ADBE	C	-2.94%
CSCO	B	-2.73%
NOW	A	-2.29%
IBM	C	-2.28%
UNH	C	-2.16%
INTU	C	-2.08%
PANW	C	-1.5%
KO	D	-1.23%
ALNY	D	-1.07%
IDXX	F	-1.04%
UBER	D	-1.04%
DELL	C	-1.03%
PEP	F	-1.02%
PLTR	B	-0.99%
SNPS	B	-0.95%
SPOT	B	-0.93%
MSI	B	-0.91%
HON	B	-0.91%
PM	B	-0.9%
BKNG	A	-0.88%
CDNS	B	-0.87%
WDAY	B	-0.81%
UPS	C	-0.79%
FTNT	C	-0.77%
BX	A	-0.77%
AMAT	F	-0.74%
ADSK	A	-0.72%
TGT	F	-0.67%
GEV	B	-0.66%
TEAM	A	-0.61%
WMB	A	-0.59%
ABNB	C	-0.58%
FICO	B	-0.57%
PGR	A	-0.56%
CL	D	-0.55%
CTAS	B	-0.55%
APP	B	-0.54%
DDOG	A	-0.54%
LRCX	F	-0.53%
EA	A	-0.5%
ORLY	B	-0.49%
ALGN	D	-0.47%
MMM	D	-0.47%
INCY	C	-0.46%
D	C	-0.46%
NTRA	B	-0.45%
SRPT	D	-0.43%
DASH	A	-0.42%
NBIX	C	-0.4%
INSM	C	-0.39%
PH	A	-0.39%
NET	B	-0.38%
SHW	A	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
HUBS	A	-0.34%
ZS	C	-0.33%
ED	D	-0.32%
PEN	B	-0.32%
VST	B	-0.32%
GDDY	A	-0.31%
GWW	B	-0.31%
CMI	A	-0.3%
HSIC	B	-0.3%
CDW	F	-0.3%
ITCI	C	-0.29%
NTAP	C	-0.29%
PINS	D	-0.29%
EXEL	B	-0.29%
IOT	A	-0.28%
A	D	-0.26%
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%
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%
ALL	A	-0.19%
PSTG	D	-0.19%
SMMT	D	-0.19%
TOST	B	-0.19%
BBIO	F	-0.18%
FAST	B	-0.18%
EL	F	-0.18%
DOCU	A	-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%
GWRE	A	-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%
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%
CLX	B	-0.13%
DOV	A	-0.12%
AVY	D	-0.12%
EXPD	D	-0.12%
K	A	-0.12%
FOLD	F	-0.12%
TER	D	-0.12%
APLS	D	-0.12%
MTCH	D	-0.12%
BRO	B	-0.12%
TW	A	-0.11%
GTLB	B	-0.11%
TGTX	B	-0.11%
IOVA	F	-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%
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%