BUSA vs. NXTV ETF Comparison

Comparison of Brandes U.S. Value ETF (BUSA) to Simplify Next Intangible Value Index ETF (NXTV)

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$32.80

Average Daily Volume

24,485

Number of Holdings ^*

* 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

$27.96

Average Daily Volume

709

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	BUSA	NXTV
30 Days	0.95%	0.10%
60 Days	4.70%	3.69%
90 Days	6.29%	7.28%
12 Months	28.13%

14 Overlapping Holdings

Symbol	Grade	Weight in BUSA	Weight in NXTV	Overlap
AIG	B	1.57%	0.71%	0.71%
C	A	2.37%	1.86%	1.86%
CMCSA	B	2.53%	5.15%	2.53%
CTVA	D	2.13%	0.59%	0.59%
CVS	F	1.16%	1.18%	1.16%
ETR	A	1.51%	0.27%	0.27%
FDX	A	2.16%	1.13%	1.13%
FLEX	B	2.63%	0.33%	0.33%
INGR	B	1.99%	0.13%	0.13%
LKQ	D	1.17%	0.18%	0.18%
PFE	F	1.73%	4.65%	1.73%
SYY	D	0.99%	0.58%	0.58%
TXT	D	2.17%	0.28%	0.28%
WRB	A	1.87%	0.33%	0.33%

BUSA Overweight 41 Positions Relative to NXTV

Symbol	Grade	Weight
FI	A	3.44%
WFC	A	3.24%
CVX	A	3.21%
MCK	A	3.03%
BAC	A	2.77%
PNC	A	2.57%
DOX	D	2.56%
WTW	B	2.4%
GOOG	B	2.39%
CTSH	B	2.15%
CI	D	2.15%
OMC	C	2.12%
JPM	A	2.11%
HAL	C	2.04%
EMR	A	2.04%
MRK	F	1.96%
BK	A	1.93%
SNY	D	1.85%
SSNC	D	1.85%
HCA	D	1.75%
CAH	B	1.57%
KVUE	A	1.5%
LH	B	1.5%
ACGL	C	1.47%
MU	D	1.42%
AZO	C	1.42%
JNJ	D	1.32%
GTES	B	1.3%
STT	A	1.27%
JCI	A	1.22%
KNX	B	1.1%
WKC	C	1.08%
CSCO	B	1.06%
TFC	A	1.05%
OMF	A	1.02%
GD	D	0.99%
SLB	C	0.99%
BRK.A	A	0.95%
MHK	D	0.87%
OTEX	F	0.55%
QRVO	F	0.5%

BUSA Underweight 181 Positions Relative to NXTV

Symbol	Grade	Weight
VZ	C	-4.9%
T	A	-4.84%
INTC	C	-3.77%
DELL	C	-3.21%
KR	B	-1.78%
HPQ	B	-1.46%
EBAY	D	-1.22%
HPE	B	-1.09%
EL	F	-1.05%
NTAP	D	-1.04%
BBY	C	-1.02%
GFS	C	-0.98%
WDC	F	-0.94%
GM	A	-0.9%
ZM	B	-0.88%
COF	A	-0.87%
VICI	C	-0.87%
MET	A	-0.86%
BIIB	F	-0.85%
FOXA	A	-0.82%
DG	F	-0.79%
TRV	A	-0.78%
ALL	A	-0.74%
DD	D	-0.73%
F	C	-0.73%
NUE	D	-0.7%
MRNA	F	-0.69%
NWS	A	-0.68%
FCNCA	A	-0.67%
HUM	F	-0.66%
PRU	A	-0.65%
SNAP	D	-0.65%
LEN	D	-0.65%
DLTR	F	-0.65%
KHC	F	-0.64%
ZBH	C	-0.63%
CNC	F	-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	C	-0.47%
TPR	A	-0.46%
PCG	A	-0.44%
CTRA	A	-0.44%
SNX	D	-0.43%
LBRDK	B	-0.43%
TWLO	A	-0.43%
ALB	C	-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%
RS	B	-0.38%
EQT	A	-0.38%
CCL	A	-0.37%
MRO	A	-0.37%
LEVI	F	-0.37%
FYBR	C	-0.36%
INCY	B	-0.36%
ED	D	-0.36%
CIEN	B	-0.34%
MKL	A	-0.34%
SWK	F	-0.33%
DBX	C	-0.33%
SOLV	C	-0.33%
EXPE	A	-0.33%
GPC	D	-0.33%
TSN	A	-0.32%
LUV	A	-0.32%
AMKR	F	-0.31%
PATH	D	-0.31%
CINF	A	-0.31%
U	F	-0.3%
SYF	A	-0.3%
CFG	A	-0.29%
FTI	A	-0.29%
PFG	C	-0.29%
ARE	D	-0.29%
DDS	B	-0.28%
NSIT	F	-0.28%
UAL	A	-0.28%
BLDR	D	-0.27%
L	A	-0.27%
W	F	-0.27%
HSIC	D	-0.27%
BILL	A	-0.26%
LUMN	C	-0.26%
OVV	C	-0.26%
CRBG	B	-0.26%
PEGA	B	-0.26%
FNF	C	-0.25%
EG	D	-0.25%
PPL	A	-0.24%
BIO	C	-0.24%
ROKU	D	-0.24%
SATS	D	-0.23%
ELAN	C	-0.23%
COTY	F	-0.23%
CPB	D	-0.22%
RNR	D	-0.22%
RGA	A	-0.22%
KD	A	-0.22%
AR	B	-0.21%
CPRI	F	-0.21%
DINO	D	-0.21%
AIT	A	-0.21%
CLVT	F	-0.21%
KMX	B	-0.21%
VFC	B	-0.21%
JLL	C	-0.2%
M	C	-0.2%
PAG	A	-0.2%
CNH	D	-0.2%
EQH	B	-0.2%
ALLY	C	-0.2%
JAZZ	A	-0.2%
CNA	C	-0.2%
BG	D	-0.2%
RIVN	F	-0.2%
PFGC	B	-0.2%
EXEL	B	-0.2%
IAC	D	-0.19%
JEF	A	-0.19%
SNA	A	-0.19%
AEO	F	-0.19%
USM	B	-0.19%
TOL	B	-0.19%
COKE	C	-0.19%
RPM	A	-0.19%
WCC	A	-0.19%
TAP	A	-0.18%
ARW	D	-0.18%
SWN	C	-0.18%
BWA	A	-0.17%
JWN	A	-0.17%
FLS	A	-0.17%
AA	A	-0.17%
RHI	B	-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%
PVH	C	-0.16%
NOV	D	-0.16%
URBN	C	-0.16%
WHR	A	-0.16%
ALIT	C	-0.16%
UNM	A	-0.16%
GL	B	-0.15%
SANM	B	-0.15%
ZI	D	-0.15%
FRSH	B	-0.15%
SLAB	F	-0.15%
NI	A	-0.15%
WFRD	F	-0.15%
DXC	C	-0.15%
LCID	F	-0.14%
LAD	A	-0.14%
ORI	A	-0.14%
EVRG	A	-0.14%
AGR	A	-0.14%
CLF	F	-0.14%
UPST	B	-0.14%
FHN	A	-0.13%
MUR	F	-0.13%
CIVI	F	-0.13%
WBD	B	-0.13%
CXT	D	-0.13%
X	D	-0.13%
ALKS	B	-0.13%
SON	D	-0.13%
MGM	D	-0.08%
DLB	D	-0.05%
BYD	A	-0.04%