CVSE vs. NXTI ETF Comparison

Comparison of Calvert US Select Equity ETF (CVSE) to Simplify Next Intangible Core Index ETF (NXTI)

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.09

Average Daily Volume

631

Number of Holdings ^*

178

* 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

$30.06

Average Daily Volume

459

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	CVSE	NXTI
30 Days	1.81%	3.68%
60 Days	4.90%	8.92%
90 Days	8.53%	13.40%
12 Months	34.85%

55 Overlapping Holdings

Symbol	Grade	Weight in CVSE	Weight in NXTI	Overlap
A	F	0.34%	0.29%	0.29%
ADBE	C	0.63%	3.13%	0.63%
ADSK	B	0.36%	0.7%	0.36%
ALNY	D	0.26%	1.08%	0.26%
AMAT	F	0.72%	0.81%	0.72%
AXP	B	0.87%	0.76%	0.76%
BBY	D	0.24%	0.21%	0.21%
CBRE	B	0.69%	0.15%	0.15%
CDNS	B	0.43%	0.86%	0.43%
CLX	B	0.29%	0.14%	0.14%
CMI	B	1.08%	0.3%	0.3%
CSCO	A	0.75%	2.61%	0.75%
CTAS	A	0.18%	0.55%	0.18%
DECK	B	0.2%	0.13%	0.13%
DELL	C	0.19%	0.98%	0.19%
EA	A	0.1%	0.47%	0.1%
EBAY	D	0.36%	0.37%	0.36%
ECL	D	0.68%	0.36%	0.36%
ED	D	0.5%	0.33%	0.33%
EL	F	0.22%	0.26%	0.22%
EXPD	F	0.22%	0.13%	0.13%
FICO	A	0.04%	0.55%	0.04%
GIS	F	0.91%	0.18%	0.18%
GPC	D	0.09%	0.13%	0.09%
HD	B	1.31%	1.62%	1.31%
HIG	C	0.21%	0.14%	0.14%
HPQ	B	0.28%	0.45%	0.28%
HUBS	A	0.29%	0.34%	0.29%
HUM	F	0.46%	0.18%	0.18%
IDXX	D	0.31%	1.28%	0.31%
INTU	A	0.67%	2.1%	0.67%
ITW	B	0.59%	0.5%	0.5%
LOW	B	0.74%	0.61%	0.61%
LRCX	F	0.16%	0.57%	0.16%
MA	A	1.53%	2.95%	1.53%
MSI	B	0.2%	0.92%	0.2%
NKE	F	0.25%	0.93%	0.25%
NOW	A	1.08%	2.2%	1.08%
PANW	A	0.15%	1.39%	0.15%
PGR	B	1.05%	0.59%	0.59%
PH	B	1.64%	0.4%	0.4%
PRU	B	0.74%	0.18%	0.18%
RL	B	0.09%	0.11%	0.09%
SHW	B	0.6%	0.38%	0.38%
SNPS	B	0.23%	0.93%	0.23%
TGT	C	0.56%	0.68%	0.56%
TRV	B	0.71%	0.21%	0.21%
TSCO	D	0.29%	0.12%	0.12%
TT	A	0.82%	0.55%	0.55%
ULTA	C	0.3%	0.16%	0.16%
VLTO	D	0.05%	0.25%	0.05%
WAT	B	0.19%	0.15%	0.15%
WDAY	B	0.27%	0.84%	0.27%
WSM	F	0.21%	0.16%	0.16%
XYL	D	0.14%	0.16%	0.14%

CVSE Overweight 123 Positions Relative to NXTI

Symbol	Grade	Weight
NVDA	A	8.09%
MSFT	C	7.64%
AAPL	D	6.78%
LLY	D	2.66%
SPGI	D	1.96%
ACN	C	1.81%
MRK	F	1.78%
NFLX	A	1.47%
V	A	1.43%
ETN	A	1.41%
VRSK	A	1.18%
MET	C	1.12%
DIS	C	1.12%
CRM	B	1.02%
GM	B	1.0%
ICE	D	1.0%
CAT	B	0.99%
VZ	D	0.89%
ADP	A	0.85%
BSX	A	0.81%
AMGN	F	0.8%
TFC	A	0.7%
URI	B	0.69%
AWK	D	0.67%
NUE	C	0.67%
OMC	B	0.65%
LIN	D	0.65%
AMT	F	0.64%
ES	F	0.63%
PLD	F	0.62%
SCHW	A	0.57%
HPE	B	0.55%
DFS	B	0.55%
AMD	F	0.55%
CFG	B	0.54%
DE	D	0.54%
TXN	B	0.51%
COF	B	0.47%
EMR	A	0.46%
JLL	C	0.43%
SJM	F	0.42%
RMD	B	0.41%
MU	C	0.4%
NDAQ	B	0.4%
STT	B	0.4%
BMY	B	0.38%
BALL	D	0.38%
TJX	B	0.36%
GILD	B	0.36%
DHR	F	0.36%
LULU	C	0.35%
STE	F	0.35%
FITB	A	0.34%
MKC	D	0.34%
PYPL	B	0.31%
QCOM	F	0.31%
DRI	B	0.3%
ROK	B	0.3%
MORN	A	0.3%
MOS	D	0.3%
HOLX	D	0.29%
EW	F	0.29%
PFE	F	0.28%
HAS	D	0.27%
INTC	C	0.27%
HBAN	A	0.27%
IPG	F	0.26%
PRI	A	0.24%
PNR	B	0.24%
DAR	B	0.23%
MTN	D	0.22%
MSA	D	0.22%
BFAM	F	0.22%
VRTX	B	0.21%
KLAC	F	0.2%
KNX	B	0.19%
SCI	B	0.19%
TROW	B	0.19%
FMC	F	0.19%
EQR	D	0.18%
RF	A	0.18%
FCN	D	0.17%
TPR	B	0.17%
AKAM	F	0.16%
DVA	C	0.16%
EXR	D	0.15%
NEE	D	0.15%
CNM	D	0.15%
FIS	C	0.15%
VTR	C	0.14%
MTG	D	0.14%
TWLO	B	0.11%
GAP	C	0.11%
IQV	F	0.1%
CHD	B	0.1%
SWK	F	0.1%
G	B	0.1%
EXAS	F	0.1%
REGN	F	0.1%
BXP	D	0.1%
TTEK	C	0.1%
PLNT	B	0.09%
SNOW	C	0.09%
MSCI	B	0.09%
MAN	F	0.08%
CSGP	D	0.08%
PCTY	A	0.08%
RKT	D	0.07%
PODD	B	0.07%
VRSN	C	0.07%
CIEN	B	0.06%
ON	D	0.06%
KEY	B	0.06%
DKS	D	0.06%
HST	C	0.05%
BRX	B	0.05%
HXL	D	0.04%
FSLR	F	0.04%
LITE	B	0.04%
RHI	B	0.04%
ETSY	C	0.03%
MRNA	F	0.03%
CPRT	B	0.03%

CVSE Underweight 142 Positions Relative to NXTI

Symbol	Grade	Weight
META	B	-5.27%
WMT	A	-4.94%
BRK.A	C	-4.21%
XOM	B	-3.4%
IBM	D	-2.41%
UNH	B	-2.22%
KO	F	-1.34%
UBER	F	-1.07%
PEP	F	-1.03%
HON	B	-0.9%
BKNG	A	-0.89%
SPOT	A	-0.88%
PLTR	B	-0.87%
PM	C	-0.81%
UPS	D	-0.79%
FTNT	A	-0.75%
BX	B	-0.69%
CL	F	-0.61%
ALGN	D	-0.57%
GEV	B	-0.56%
ABNB	C	-0.53%
WMB	A	-0.51%
TEAM	B	-0.51%
MMM	D	-0.5%
DDOG	C	-0.49%
ORLY	A	-0.49%
ELV	F	-0.48%
CTSH	A	-0.48%
NTRA	B	-0.47%
D	D	-0.44%
MMC	C	-0.44%
FDX	B	-0.44%
INSM	D	-0.42%
SRPT	F	-0.42%
APP	A	-0.41%
INCY	B	-0.4%
CI	D	-0.39%
NBIX	C	-0.38%
DASH	A	-0.38%
CDW	F	-0.37%
MPC	D	-0.37%
KR	A	-0.37%
NET	C	-0.34%
KMB	F	-0.33%
CVS	F	-0.32%
HSIC	F	-0.31%
VST	B	-0.31%
PAYX	B	-0.31%
ZS	B	-0.31%
NTAP	C	-0.31%
PINS	D	-0.3%
TRGP	A	-0.3%
GDDY	A	-0.29%
GWW	B	-0.29%
IOT	B	-0.28%
STX	D	-0.28%
PEN	B	-0.27%
AJG	B	-0.26%
ITCI	B	-0.25%
MDB	C	-0.25%
IT	A	-0.25%
AFL	C	-0.25%
SMMT	D	-0.23%
EXEL	B	-0.23%
IONS	F	-0.23%
BKR	B	-0.23%
ZBRA	A	-0.23%
NWS	B	-0.21%
INSP	D	-0.21%
BPMC	B	-0.21%
MTD	F	-0.21%
VMC	B	-0.21%
MNST	B	-0.21%
AIG	C	-0.2%
NTNX	B	-0.2%
MANH	C	-0.2%
AMP	A	-0.2%
SNAP	C	-0.2%
ALL	A	-0.2%
CYTK	C	-0.2%
BBIO	F	-0.19%
DT	C	-0.19%
DD	D	-0.19%
PSTG	D	-0.19%
KEYS	B	-0.18%
TOST	A	-0.18%
ACGL	D	-0.17%
NRG	B	-0.17%
OTIS	D	-0.17%
SYY	B	-0.17%
RARE	F	-0.16%
FAST	B	-0.16%
DOCU	A	-0.16%
JNPR	C	-0.16%
HSY	D	-0.16%
ROL	B	-0.16%
MDGL	B	-0.16%
AXSM	B	-0.15%
LYV	A	-0.15%
ALKS	B	-0.15%
BURL	C	-0.15%
TER	D	-0.15%
CNC	F	-0.15%
GWRE	A	-0.15%
FFIV	B	-0.15%
EXPE	B	-0.14%
BAH	C	-0.14%
ILMN	C	-0.14%
DUOL	B	-0.14%
NI	A	-0.14%
CORT	B	-0.14%
CACI	B	-0.14%
APLS	F	-0.13%
LII	B	-0.13%
MTCH	F	-0.13%
PPG	F	-0.13%
APTV	F	-0.13%
RDDT	B	-0.13%
CVNA	B	-0.13%
APPF	B	-0.12%
DYN	D	-0.12%
WING	D	-0.12%
K	A	-0.12%
DOV	A	-0.12%
BRO	A	-0.12%
AVY	F	-0.12%
GTLB	C	-0.11%
DKNG	B	-0.11%
PCOR	B	-0.11%
FOLD	D	-0.11%
TXT	D	-0.11%
NYT	C	-0.11%
DNLI	B	-0.11%
IOVA	D	-0.1%
RS	B	-0.1%
AMED	F	-0.1%
TGTX	B	-0.1%
ACI	C	-0.1%
TW	B	-0.1%
CHWY	B	-0.09%
DLB	C	-0.04%
LNW	C	-0.04%