PY vs. NXTV ETF Comparison

Comparison of Principal Shareholder Yield Index ETF (PY) to Simplify Next Intangible Value Index ETF (NXTV)

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

$51.57

Average Daily Volume

5,554

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

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 ^*

194

* may have additional holdings in another (foreign) market

Performance

Period	PY	NXTV
30 Days	2.82%	3.77%
60 Days	5.24%	4.81%
90 Days	6.93%	8.56%
12 Months	29.89%

28 Overlapping Holdings

Symbol	Grade	Weight in PY	Weight in NXTV	Overlap
ADM	D	0.65%	0.4%	0.4%
AIG	B	0.81%	0.75%	0.75%
AIZ	A	0.78%	0.16%	0.16%
ARE	F	0.66%	0.28%	0.28%
BEN	C	0.77%	0.16%	0.16%
CINF	A	0.79%	0.33%	0.33%
CMCSA	B	1.09%	5.48%	1.09%
CVS	D	0.78%	1.08%	0.78%
DD	C	0.78%	0.69%	0.69%
EBAY	D	0.77%	1.1%	0.77%
EG	C	0.68%	0.24%	0.24%
EQT	B	0.94%	0.39%	0.39%
FDX	B	0.83%	1.15%	0.83%
FOXA	A	0.83%	0.83%	0.83%
GPC	D	0.66%	0.28%	0.28%
HPE	B	0.88%	1.06%	0.88%
HPQ	B	0.79%	1.47%	0.79%
KR	B	0.84%	1.77%	0.84%
MET	A	0.85%	0.83%	0.83%
MRO	B	0.76%	0.39%	0.39%
PPG	F	0.73%	0.39%	0.39%
PRU	A	0.84%	0.67%	0.67%
SNA	A	0.93%	0.22%	0.22%
SYF	B	0.97%	0.34%	0.34%
SYY	D	0.72%	0.57%	0.57%
TAP	C	0.78%	0.17%	0.17%
TRV	B	0.86%	0.83%	0.83%
VICI	C	0.7%	0.85%	0.7%

PY Overweight 77 Positions Relative to NXTV

Symbol	Grade	Weight
AAPL	C	3.82%
MSFT	D	3.5%
NVDA	B	3.38%
AVGO	D	2.35%
XOM	B	1.82%
HD	B	1.58%
WFC	A	1.43%
CVX	A	1.35%
MS	A	1.26%
CAT	B	1.18%
ACN	B	1.18%
AXP	A	1.13%
QCOM	F	1.07%
LOW	C	1.06%
BMY	B	1.05%
ADP	A	1.01%
DFS	B	1.0%
TT	A	1.0%
RTX	D	1.0%
AMP	A	0.99%
TJX	A	0.98%
TRGP	A	0.97%
PNC	B	0.96%
BKR	A	0.94%
DE	B	0.91%
BK	A	0.91%
CB	C	0.91%
ITW	B	0.9%
MO	A	0.89%
LMT	D	0.88%
STLD	B	0.88%
MMC	B	0.88%
PNR	A	0.87%
CSX	C	0.86%
SLB	C	0.85%
RF	A	0.85%
SPG	A	0.85%
FITB	B	0.85%
PAYX	B	0.85%
RL	C	0.84%
OTIS	C	0.82%
NKE	F	0.82%
ROK	C	0.82%
PLD	F	0.82%
CI	D	0.81%
VLO	C	0.8%
NDAQ	A	0.8%
CTSH	B	0.8%
BR	A	0.79%
PSX	C	0.79%
WTW	B	0.79%
MDLZ	F	0.77%
CF	A	0.77%
DRI	B	0.76%
HAL	C	0.76%
FANG	C	0.75%
AVB	B	0.75%
BBWI	C	0.75%
MPC	D	0.75%
HIG	B	0.75%
NDSN	B	0.74%
ALLE	C	0.73%
EMN	C	0.72%
ESS	B	0.72%
OXY	D	0.72%
MAA	B	0.7%
CPT	B	0.69%
KMB	C	0.69%
INVH	D	0.67%
HSY	F	0.66%
AOS	F	0.66%
SBAC	D	0.66%
HRL	D	0.65%
MKC	C	0.65%
GIS	D	0.65%
LYB	F	0.64%
SWKS	F	0.6%

PY Underweight 166 Positions Relative to NXTV

Symbol	Grade	Weight
T	A	-5.05%
VZ	C	-4.68%
PFE	F	-4.63%
INTC	C	-3.52%
DELL	B	-3.41%
C	A	-1.95%
GM	C	-1.04%
NTAP	C	-0.98%
COF	C	-0.96%
ZM	C	-0.96%
WDC	D	-0.92%
BBY	D	-0.91%
GFS	C	-0.91%
BIIB	F	-0.78%
DG	F	-0.76%
SNAP	D	-0.75%
EL	F	-0.74%
ALL	A	-0.74%
NWS	A	-0.72%
F	C	-0.72%
FCNCA	A	-0.71%
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	C	-0.58%
MRNA	F	-0.57%
TWLO	A	-0.55%
HUM	C	-0.55%
JNPR	D	-0.54%
CACI	D	-0.53%
BAX	F	-0.53%
SRE	A	-0.53%
D	C	-0.5%
ACI	C	-0.49%
TPR	B	-0.48%
CNC	D	-0.48%
IP	A	-0.47%
PCG	A	-0.46%
LBRDK	C	-0.46%
CCL	A	-0.45%
CTRA	B	-0.45%
ALB	B	-0.43%
SNX	D	-0.42%
VTRS	A	-0.42%
INCY	C	-0.41%
UAL	A	-0.39%
RS	B	-0.38%
EXC	C	-0.38%
FYBR	C	-0.37%
GAP	C	-0.37%
CIEN	C	-0.36%
EXPE	B	-0.36%
ED	C	-0.36%
SOLV	D	-0.35%
FLEX	B	-0.35%
WRB	A	-0.34%
DBX	B	-0.34%
LUV	C	-0.34%
MKL	A	-0.34%
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	B	-0.29%
SWK	D	-0.28%
EXEL	B	-0.27%
OVV	B	-0.27%
HSIC	C	-0.27%
L	A	-0.27%
U	C	-0.27%
DDS	B	-0.27%
AMKR	D	-0.26%
TXT	D	-0.26%
BIO	C	-0.26%
BLDR	D	-0.24%
PPL	A	-0.24%
FNF	B	-0.24%
WCC	B	-0.23%
VFC	C	-0.23%
NSIT	F	-0.23%
LUMN	C	-0.23%
SATS	D	-0.23%
PFGC	B	-0.22%
RGA	A	-0.22%
USM	B	-0.22%
EQH	C	-0.22%
AIT	B	-0.22%
KD	B	-0.22%
CNH	C	-0.21%
RPM	A	-0.21%
CPB	D	-0.21%
W	D	-0.21%
ROKU	D	-0.21%
RNR	C	-0.21%
M	F	-0.2%
JEF	A	-0.2%
JLL	D	-0.2%
ELAN	D	-0.2%
CLVT	D	-0.2%
CNA	C	-0.2%
ALLY	C	-0.2%
KMX	B	-0.2%
JAZZ	B	-0.2%
COTY	F	-0.19%
RIVN	F	-0.19%
PAG	B	-0.19%
AR	B	-0.19%
RHI	C	-0.18%
UPST	B	-0.18%
BG	D	-0.18%
UNM	A	-0.18%
AA	A	-0.18%
TOL	B	-0.18%
DINO	D	-0.18%
COKE	C	-0.17%
ARW	D	-0.17%
AEO	F	-0.17%
IAC	F	-0.17%
JWN	D	-0.17%
ADTN	A	-0.17%
LKQ	F	-0.17%
FLS	B	-0.17%
SIG	B	-0.16%
ALIT	C	-0.16%
BWA	D	-0.16%
NI	A	-0.16%
NOV	C	-0.16%
PVH	C	-0.16%
WHR	B	-0.16%
ZI	D	-0.16%
WFRD	D	-0.15%
X	B	-0.15%
CLF	F	-0.15%
LAD	A	-0.15%
GL	C	-0.15%
DXC	B	-0.15%
URBN	C	-0.15%
ASO	F	-0.15%
FRSH	B	-0.15%
SANM	B	-0.15%
XRAY	F	-0.14%
SLAB	F	-0.14%
EVRG	A	-0.14%
ORI	A	-0.14%
AGR	A	-0.14%
FHN	A	-0.14%
CIVI	D	-0.13%
INGR	C	-0.13%
CXT	C	-0.13%
WBD	B	-0.13%
SON	F	-0.13%
MUR	D	-0.12%
ALKS	C	-0.12%
CPRI	F	-0.1%
LCID	F	-0.09%
MGM	D	-0.08%
BYD	B	-0.05%
DLB	B	-0.05%