NXTI vs. JPEF ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to JPMorgan Equity Focus ETF (JPEF)

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

$30.57

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$68.69

Average Daily Volume

92,164

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	JPEF
30 Days	7.37%	3.48%
60 Days	7.78%	4.93%
90 Days	11.36%	7.06%
12 Months		36.93%

12 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in JPEF	Overlap
BKNG	B	0.88%	1.51%	0.88%
BRK.A	B	4.18%	2.99%	2.99%
EL	F	0.18%	0.97%	0.18%
HD	A	1.6%	2.14%	1.6%
HON	B	0.91%	2.09%	0.91%
HUBS	B	0.34%	0.76%	0.34%
INTU	C	2.08%	1.95%	1.95%
MA	B	3.02%	2.42%	2.42%
META	D	5.28%	4.42%	4.42%
PANW	C	1.5%	2.17%	1.5%
TT	B	0.52%	2.58%	0.52%
UNH	B	2.16%	2.17%	2.16%

NXTI Overweight 185 Positions Relative to JPEF

Symbol	Grade	Weight
WMT	B	5.09%
XOM	C	3.43%
ADBE	C	2.94%
CSCO	A	2.73%
NOW	B	2.29%
IBM	C	2.28%
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	C	0.91%
PM	B	0.9%
CDNS	B	0.87%
NKE	F	0.82%
WDAY	C	0.81%
UPS	C	0.79%
FTNT	C	0.77%
AXP	A	0.77%
BX	B	0.77%
AMAT	F	0.74%
ADSK	B	0.72%
TGT	F	0.67%
GEV	C	0.66%
TEAM	B	0.61%
WMB	B	0.59%
LOW	C	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	C	0.5%
ORLY	B	0.49%
ITW	A	0.49%
ALGN	D	0.47%
CTSH	B	0.47%
MMM	D	0.47%
INCY	C	0.46%
D	C	0.46%
HPQ	B	0.45%
NTRA	B	0.45%
FDX	B	0.44%
SRPT	F	0.43%
MMC	A	0.43%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
KR	A	0.37%
SHW	A	0.36%
CI	D	0.36%
ELV	F	0.36%
ECL	D	0.35%
TRGP	B	0.34%
MPC	F	0.33%
EBAY	C	0.33%
ZS	C	0.33%
ED	D	0.32%
PAYX	B	0.32%
PEN	C	0.32%
VST	B	0.32%
GDDY	B	0.31%
KMB	C	0.31%
GWW	A	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
NTAP	C	0.29%
PINS	F	0.29%
EXEL	A	0.29%
IOT	B	0.28%
A	D	0.26%
STX	D	0.26%
BKR	C	0.25%
AJG	A	0.25%
IT	C	0.24%
AFL	B	0.24%
RDDT	B	0.24%
MDB	C	0.24%
SNAP	C	0.23%
VLTO	C	0.23%
VMC	B	0.23%
ZBRA	A	0.23%
NWS	B	0.22%
AMP	B	0.22%
MNST	B	0.22%
TRV	B	0.22%
IONS	F	0.22%
NTNX	B	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
AIG	B	0.2%
MANH	C	0.19%
CVNA	B	0.19%
DT	C	0.19%
INSP	D	0.19%
ALL	B	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
BBIO	D	0.18%
FAST	B	0.18%
PRU	A	0.18%
DOCU	A	0.18%
DD	D	0.18%
MTD	F	0.18%
BBY	D	0.18%
FFIV	A	0.17%
NRG	C	0.17%
KEYS	B	0.17%
CACI	D	0.16%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	B	0.16%
SYY	C	0.16%
JNPR	F	0.16%
GIS	D	0.16%
HUM	C	0.15%
RARE	F	0.15%
CORT	B	0.15%
ILMN	C	0.15%
HSY	F	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	B	0.14%
WSM	B	0.14%
EXPE	B	0.14%
BURL	B	0.14%
NI	A	0.14%
AXSM	B	0.14%
XYL	D	0.14%
ACGL	D	0.14%
CNC	F	0.13%
HIG	B	0.13%
CLX	C	0.13%
DOV	A	0.12%
AVY	D	0.12%
EXPD	C	0.12%
K	A	0.12%
FOLD	F	0.12%
TER	F	0.12%
APLS	D	0.12%
MTCH	F	0.12%
PPG	D	0.12%
BRO	B	0.12%
TW	B	0.11%
GTLB	C	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	B	0.11%
TSCO	C	0.11%
NYT	C	0.11%
LII	A	0.11%
PCOR	B	0.11%
DKNG	C	0.1%
APPF	B	0.1%
AMED	F	0.1%
ACI	C	0.1%
TXT	D	0.1%
GPC	D	0.1%
DNLI	D	0.1%
APTV	F	0.1%
CHWY	C	0.09%
DYN	F	0.09%
RS	B	0.09%
WING	F	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 28 Positions Relative to JPEF

Symbol	Grade	Weight
NVDA	C	-6.37%
MSFT	D	-6.1%
AMZN	C	-5.53%
KMI	B	-3.61%
AAPL	B	-3.51%
COF	B	-3.15%
EOG	C	-2.88%
L	B	-2.87%
MTB	B	-2.82%
AVGO	D	-2.73%
BAC	A	-2.55%
PG	A	-2.52%
MS	B	-2.35%
MCD	D	-2.18%
PSA	C	-2.16%
NEE	D	-2.11%
GOOG	C	-1.97%
PWR	A	-1.91%
REG	B	-1.81%
ADI	D	-1.72%
ISRG	C	-1.64%
LLY	F	-1.59%
PKG	B	-1.56%
REGN	F	-1.47%
MLM	B	-1.38%
TJX	A	-1.21%
TMO	F	-1.18%
JBHT	C	-0.88%