NXTI vs. MPAY ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Akros Monthly Payout ETF (MPAY)

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

$30.14

Average Daily Volume

462

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.89

Average Daily Volume

805

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	MPAY
30 Days	4.78%	0.06%
60 Days	6.89%	0.53%
90 Days	9.93%	1.75%
12 Months		23.79%

19 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in MPAY	Overlap
ABNB	C	0.58%	1.23%	0.58%
ADBE	C	2.94%	1.57%	1.57%
AMAT	F	0.74%	1.45%	0.74%
BKNG	A	0.88%	1.26%	0.88%
CSCO	B	2.73%	1.28%	1.28%
DELL	B	1.03%	1.02%	1.02%
FTNT	C	0.77%	1.28%	0.77%
HD	B	1.6%	1.74%	1.6%
INTU	B	2.08%	1.3%	1.3%
LOW	C	0.59%	1.37%	0.59%
MA	B	3.02%	1.76%	1.76%
NKE	F	0.82%	1.25%	0.82%
NOW	A	2.29%	1.46%	1.46%
PEP	F	1.02%	1.25%	1.02%
PM	B	0.9%	1.27%	0.9%
UNH	B	2.16%	1.74%	1.74%
UPS	C	0.79%	1.22%	0.79%
WMT	A	5.09%	2.21%	2.21%
XOM	B	3.43%	1.55%	1.55%

NXTI Overweight 178 Positions Relative to MPAY

Symbol	Grade	Weight
META	D	5.28%
BRK.A	B	4.18%
IBM	C	2.28%
PANW	B	1.5%
KO	D	1.23%
ALNY	D	1.07%
IDXX	F	1.04%
UBER	F	1.04%
PLTR	B	0.99%
SNPS	B	0.95%
SPOT	B	0.93%
MSI	B	0.91%
HON	C	0.91%
CDNS	B	0.87%
WDAY	B	0.81%
AXP	A	0.77%
BX	A	0.77%
ADSK	A	0.72%
TGT	F	0.67%
GEV	B	0.66%
TEAM	A	0.61%
WMB	A	0.59%
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%
TT	A	0.52%
EA	A	0.5%
ORLY	B	0.49%
ITW	B	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	A	0.45%
FDX	B	0.44%
SRPT	F	0.43%
MMC	B	0.43%
DASH	B	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
KR	B	0.37%
SHW	B	0.36%
CI	D	0.36%
ELV	F	0.36%
ECL	D	0.35%
TRGP	A	0.34%
HUBS	A	0.34%
MPC	D	0.33%
EBAY	D	0.33%
ZS	B	0.33%
ED	C	0.32%
PAYX	B	0.32%
PEN	B	0.32%
VST	A	0.32%
GDDY	A	0.31%
KMB	C	0.31%
GWW	B	0.31%
CMI	A	0.3%
HSIC	C	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
NTAP	C	0.29%
PINS	F	0.29%
EXEL	B	0.29%
IOT	A	0.28%
A	D	0.26%
STX	C	0.26%
BKR	A	0.25%
AJG	A	0.25%
IT	C	0.24%
AFL	B	0.24%
RDDT	A	0.24%
MDB	B	0.24%
SNAP	D	0.23%
VLTO	C	0.23%
VMC	B	0.23%
ZBRA	B	0.23%
NWS	A	0.22%
AMP	A	0.22%
MNST	C	0.22%
TRV	B	0.22%
IONS	F	0.22%
NTNX	B	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	B	0.2%
AIG	B	0.2%
MANH	D	0.19%
CVNA	B	0.19%
DT	D	0.19%
INSP	D	0.19%
ALL	A	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
BBIO	F	0.18%
FAST	B	0.18%
EL	F	0.18%
PRU	A	0.18%
DOCU	B	0.18%
DD	C	0.18%
MTD	F	0.18%
BBY	D	0.18%
FFIV	B	0.17%
NRG	B	0.17%
KEYS	A	0.17%
CACI	D	0.16%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	A	0.16%
SYY	D	0.16%
JNPR	D	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	C	0.14%
WAT	C	0.14%
DUOL	A	0.14%
WSM	C	0.14%
EXPE	B	0.14%
BURL	B	0.14%
NI	A	0.14%
AXSM	B	0.14%
XYL	D	0.14%
ACGL	C	0.14%
CNC	D	0.13%
HIG	B	0.13%
CLX	A	0.13%
DOV	A	0.12%
AVY	F	0.12%
EXPD	C	0.12%
K	A	0.12%
FOLD	F	0.12%
TER	F	0.12%
APLS	F	0.12%
MTCH	D	0.12%
PPG	F	0.12%
BRO	B	0.12%
TW	A	0.11%
GTLB	B	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	C	0.11%
TSCO	D	0.11%
NYT	D	0.11%
LII	A	0.11%
PCOR	B	0.11%
DKNG	B	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	B	0.09%
DYN	F	0.09%
RS	B	0.09%
WING	D	0.08%
DLB	B	0.04%
LNW	F	0.04%

NXTI Underweight 32 Positions Relative to MPAY

Symbol	Grade	Weight
NVDA	B	-6.38%
AAPL	C	-5.94%
MSFT	D	-5.7%
AMZN	C	-4.97%
GOOGL	C	-4.73%
GLDM	C	-3.6%
IAUM	C	-3.36%
LLY	F	-3.04%
TSLA	B	-1.83%
ORCL	A	-1.78%
V	A	-1.77%
COST	A	-1.77%
MRK	D	-1.53%
JNJ	C	-1.46%
ABBV	F	-1.45%
NFLX	A	-1.44%
CRM	B	-1.43%
QCOM	F	-1.36%
ACN	B	-1.34%
CVX	A	-1.32%
KLAC	F	-1.32%
MCD	D	-1.31%
CAT	B	-1.28%
HCA	F	-1.28%
TJX	A	-1.28%
LIN	C	-1.27%
ADP	A	-1.24%
AZO	C	-1.24%
TXN	C	-1.23%
ABT	B	-1.23%
LMT	D	-1.23%
RTX	D	-1.19%