ITAN vs. NXTV ETF Comparison

Comparison of Sparkline Intangible Value ETF (ITAN) to Simplify Next Intangible Value Index ETF (NXTV)

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$32.05

Average Daily Volume

1,878

Number of Holdings ^*

151

* 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

$28.86

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	NXTV
30 Days	5.34%	5.48%
60 Days	7.33%	5.83%
90 Days	9.71%	10.13%
12 Months	31.35%

63 Overlapping Holdings

Symbol	Grade	Weight in ITAN	Weight in NXTV	Overlap
ACI	C	0.31%	0.49%	0.31%
ALL	A	0.74%	0.74%	0.74%
ALLY	C	0.32%	0.2%	0.2%
ARW	D	0.23%	0.17%	0.17%
BAX	D	0.45%	0.53%	0.45%
BBY	D	0.45%	0.91%	0.45%
BIIB	F	0.4%	0.78%	0.4%
BIO	D	0.25%	0.26%	0.25%
BWA	D	0.22%	0.16%	0.16%
CACI	D	0.35%	0.53%	0.35%
CIEN	B	0.39%	0.36%	0.36%
CMCSA	B	1.07%	5.48%	1.07%
CNC	D	0.56%	0.48%	0.48%
COF	B	1.08%	0.96%	0.96%
CVS	D	0.96%	1.08%	0.96%
DBX	B	0.37%	0.34%	0.34%
DD	D	0.45%	0.69%	0.45%
DELL	C	1.13%	3.41%	1.13%
EBAY	D	0.66%	1.1%	0.66%
ELAN	D	0.29%	0.2%	0.2%
EXPE	B	0.59%	0.36%	0.36%
F	C	0.81%	0.72%	0.72%
FDX	B	0.86%	1.15%	0.86%
FLS	B	0.24%	0.17%	0.17%
GAP	C	0.23%	0.37%	0.23%
GM	B	0.97%	1.04%	0.97%
HPE	B	0.63%	1.06%	0.63%
HPQ	B	0.74%	1.47%	0.74%
HUM	C	0.56%	0.55%	0.55%
ILMN	D	0.5%	0.58%	0.5%
INTC	D	1.25%	3.52%	1.25%
IP	B	0.36%	0.47%	0.36%
JAZZ	B	0.3%	0.2%	0.2%
JLL	D	0.37%	0.2%	0.2%
JNPR	F	0.4%	0.54%	0.4%
KR	B	0.51%	1.77%	0.51%
LUMN	C	0.32%	0.23%	0.23%
M	D	0.16%	0.2%	0.16%
NOV	C	0.23%	0.16%	0.16%
NTAP	C	0.64%	0.98%	0.64%
PATH	C	0.23%	0.31%	0.23%
PFE	D	1.32%	4.63%	1.32%
PRU	A	0.54%	0.67%	0.54%
RHI	B	0.22%	0.18%	0.18%
RIVN	F	0.23%	0.19%	0.19%
ROKU	D	0.37%	0.21%	0.21%
SNAP	C	0.5%	0.75%	0.5%
SWK	D	0.29%	0.28%	0.28%
T	A	1.63%	5.05%	1.63%
TAP	C	0.3%	0.17%	0.17%
TPR	B	0.38%	0.48%	0.38%
TWLO	A	0.49%	0.55%	0.49%
TXT	D	0.29%	0.26%	0.26%
U	C	0.29%	0.27%	0.27%
UAL	A	0.76%	0.39%	0.39%
VTRS	A	0.51%	0.42%	0.42%
VZ	C	1.36%	4.68%	1.36%
W	F	0.28%	0.21%	0.21%
WBD	C	0.55%	0.13%	0.13%
WDC	D	0.55%	0.92%	0.55%
WHR	B	0.27%	0.16%	0.16%
XRAY	F	0.14%	0.14%	0.14%
ZM	B	0.51%	0.96%	0.51%

ITAN Overweight 88 Positions Relative to NXTV

Symbol	Grade	Weight
AMZN	C	4.72%
META	D	2.91%
ORCL	B	2.38%
GOOG	C	2.11%
GOOGL	C	2.11%
CRM	B	2.09%
CSCO	B	1.77%
IBM	C	1.76%
ACN	C	1.58%
WFC	A	1.56%
QCOM	F	1.53%
TMUS	B	1.43%
DIS	B	1.25%
RTX	C	1.22%
HON	B	1.21%
MDT	D	1.15%
PYPL	B	1.09%
BMY	B	1.04%
BA	F	1.03%
SQ	B	0.94%
GILD	C	0.9%
PANW	C	0.89%
NOC	D	0.88%
MMM	D	0.88%
CMI	A	0.85%
TGT	F	0.83%
CTSH	B	0.77%
CHTR	C	0.71%
DASH	A	0.71%
LHX	C	0.71%
BDX	F	0.69%
JCI	C	0.68%
NXPI	D	0.67%
WDAY	B	0.67%
GD	F	0.64%
ADSK	A	0.64%
DAL	C	0.61%
GLW	B	0.6%
CVNA	B	0.58%
EA	A	0.55%
CAH	B	0.52%
DOCU	A	0.52%
ZS	C	0.5%
NTNX	A	0.48%
LDOS	C	0.47%
FFIV	B	0.46%
ROK	B	0.45%
ZBRA	B	0.45%
DGX	A	0.44%
LH	C	0.44%
TRMB	B	0.43%
IQV	D	0.43%
OKTA	C	0.42%
ACM	A	0.42%
J	F	0.41%
PSTG	D	0.4%
AAL	B	0.4%
BAH	F	0.4%
DVA	B	0.38%
EXAS	D	0.38%
LMT	D	0.38%
JBL	B	0.37%
LYFT	C	0.36%
EMN	D	0.35%
NWSA	B	0.34%
AKAM	D	0.33%
SWKS	F	0.33%
TRU	D	0.33%
PARA	C	0.28%
ANF	C	0.28%
ETSY	D	0.28%
G	B	0.28%
WBA	F	0.27%
MASI	A	0.27%
BOX	B	0.26%
HAS	D	0.26%
FAF	A	0.26%
ALK	C	0.25%
MTCH	D	0.24%
MAT	D	0.24%
IVZ	B	0.24%
UAA	C	0.23%
DOX	D	0.23%
HRB	D	0.21%
AGCO	D	0.2%
HOG	D	0.2%
QRVO	F	0.2%
RUN	F	0.14%

ITAN Underweight 131 Positions Relative to NXTV

Symbol	Grade	Weight
C	A	-1.95%
GFS	C	-0.91%
VICI	C	-0.85%
FOXA	B	-0.83%
MET	A	-0.83%
TRV	B	-0.83%
DG	F	-0.76%
AIG	B	-0.75%
EL	F	-0.74%
NWS	B	-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%
SYY	B	-0.57%
MRNA	F	-0.57%
SRE	A	-0.53%
D	C	-0.5%
PCG	A	-0.46%
LBRDK	C	-0.46%
CCL	B	-0.45%
CTRA	B	-0.45%
ALB	C	-0.43%
SNX	C	-0.42%
INCY	C	-0.41%
ADM	D	-0.4%
PPG	F	-0.39%
EQT	B	-0.39%
MRO	B	-0.39%
RS	B	-0.38%
EXC	C	-0.38%
FYBR	D	-0.37%
ED	D	-0.36%
SOLV	C	-0.35%
FLEX	A	-0.35%
WRB	A	-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%
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%
EXEL	B	-0.27%
OVV	B	-0.27%
HSIC	B	-0.27%
L	A	-0.27%
DDS	B	-0.27%
AMKR	D	-0.26%
EG	C	-0.24%
BLDR	D	-0.24%
PPL	B	-0.24%
FNF	B	-0.24%
WCC	B	-0.23%
VFC	C	-0.23%
NSIT	F	-0.23%
SATS	D	-0.23%
PFGC	B	-0.22%
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%
RNR	C	-0.21%
JEF	A	-0.2%
CLVT	F	-0.2%
CNA	B	-0.2%
KMX	B	-0.2%
COTY	F	-0.19%
PAG	B	-0.19%
AR	B	-0.19%
UPST	B	-0.18%
BG	F	-0.18%
UNM	A	-0.18%
AA	B	-0.18%
TOL	B	-0.18%
DINO	D	-0.18%
COKE	C	-0.17%
AEO	F	-0.17%
IAC	D	-0.17%
JWN	C	-0.17%
ADTN	A	-0.17%
LKQ	D	-0.17%
SIG	B	-0.16%
AIZ	A	-0.16%
ALIT	C	-0.16%
NI	A	-0.16%
PVH	C	-0.16%
ZI	D	-0.16%
BEN	C	-0.16%
WFRD	D	-0.15%
X	C	-0.15%
CLF	F	-0.15%
LAD	A	-0.15%
GL	B	-0.15%
DXC	B	-0.15%
URBN	C	-0.15%
ASO	F	-0.15%
FRSH	C	-0.15%
SANM	B	-0.15%
SLAB	D	-0.14%
EVRG	A	-0.14%
ORI	A	-0.14%
AGR	B	-0.14%
FHN	A	-0.14%
CIVI	D	-0.13%
INGR	B	-0.13%
CXT	B	-0.13%
SON	D	-0.13%
MUR	D	-0.12%
ALKS	B	-0.12%
CPRI	F	-0.1%
LCID	F	-0.09%
MGM	D	-0.08%
BYD	C	-0.05%
DLB	B	-0.05%