NXTI vs. NZAC ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

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

$30.42

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$37.32

Average Daily Volume

6,937

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	NZAC
30 Days	5.73%	0.97%
60 Days	7.47%	0.81%
90 Days	10.93%	2.64%
12 Months		25.98%

97 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in NZAC	Overlap
A	D	0.26%	0.06%	0.06%
ABNB	C	0.58%	0.05%	0.05%
ACGL	D	0.14%	0.12%	0.12%
ADBE	C	2.94%	0.35%	0.35%
ADSK	A	0.72%	0.09%	0.09%
AFL	B	0.24%	0.28%	0.24%
AIG	B	0.2%	0.14%	0.14%
AJG	B	0.25%	0.07%	0.07%
ALGN	D	0.47%	0.03%	0.03%
ALL	A	0.19%	0.14%	0.14%
ALNY	D	1.07%	0.03%	0.03%
AMAT	F	0.74%	0.12%	0.12%
AMP	A	0.22%	0.16%	0.16%
AXP	A	0.77%	0.36%	0.36%
BAH	F	0.15%	0.03%	0.03%
BKNG	A	0.88%	0.24%	0.24%
BRK.A	B	4.18%	0.39%	0.39%
BRO	B	0.12%	0.05%	0.05%
BURL	A	0.14%	0.03%	0.03%
BX	A	0.77%	0.19%	0.19%
CBRE	B	0.15%	0.18%	0.15%
CDW	F	0.3%	0.13%	0.13%
CLX	B	0.13%	0.01%	0.01%
CSCO	B	2.73%	0.4%	0.4%
CTAS	B	0.55%	0.04%	0.04%
CTSH	B	0.47%	0.08%	0.08%
DASH	A	0.42%	0.02%	0.02%
DOCU	A	0.18%	0.01%	0.01%
EA	A	0.5%	0.01%	0.01%
EBAY	D	0.33%	0.14%	0.14%
ECL	D	0.35%	0.06%	0.06%
EL	F	0.18%	0.03%	0.03%
ELV	F	0.36%	0.17%	0.17%
FAST	B	0.18%	0.17%	0.17%
FFIV	B	0.17%	0.18%	0.17%
FTNT	C	0.77%	0.09%	0.09%
GDDY	A	0.31%	0.03%	0.03%
GIS	D	0.16%	0.08%	0.08%
GWW	B	0.31%	0.21%	0.21%
HD	A	1.6%	0.58%	0.58%
HIG	B	0.13%	0.12%	0.12%
HSIC	B	0.3%	0.05%	0.05%
HSY	F	0.15%	0.05%	0.05%
HUM	C	0.15%	0.06%	0.06%
IBM	C	2.28%	0.6%	0.6%
IDXX	F	1.04%	0.06%	0.06%
ILMN	D	0.15%	0.04%	0.04%
INCY	C	0.46%	0.01%	0.01%
INTU	C	2.08%	0.31%	0.31%
IT	C	0.24%	0.03%	0.03%
ITW	B	0.49%	0.33%	0.33%
JNPR	F	0.16%	0.13%	0.13%
KEYS	A	0.17%	0.06%	0.06%
LOW	D	0.59%	0.25%	0.25%
LRCX	F	0.53%	0.1%	0.1%
LYV	A	0.15%	0.05%	0.05%
MA	C	3.02%	0.65%	0.65%
META	D	5.28%	1.62%	1.62%
MMC	B	0.43%	0.2%	0.2%
MMM	D	0.47%	0.02%	0.02%
MNST	C	0.22%	0.03%	0.03%
MSI	B	0.91%	0.27%	0.27%
MTCH	D	0.12%	0.01%	0.01%
MTD	D	0.18%	0.06%	0.06%
NBIX	C	0.4%	0.01%	0.01%
NKE	D	0.82%	0.11%	0.11%
NOW	A	2.29%	0.39%	0.39%
NTAP	C	0.29%	0.06%	0.06%
ORLY	B	0.49%	0.18%	0.18%
PANW	C	1.5%	0.14%	0.14%
PAYX	C	0.32%	0.08%	0.08%
PGR	A	0.56%	0.22%	0.22%
PH	A	0.39%	0.25%	0.25%
PINS	D	0.29%	0.01%	0.01%
PLTR	B	0.99%	0.07%	0.07%
PPG	F	0.12%	0.11%	0.11%
PRU	A	0.18%	0.15%	0.15%
ROL	B	0.15%	0.02%	0.02%
RS	B	0.09%	0.08%	0.08%
SHW	A	0.36%	0.56%	0.36%
SNAP	C	0.23%	0.01%	0.01%
TER	D	0.12%	0.03%	0.03%
TGT	F	0.67%	0.02%	0.02%
TRV	B	0.22%	0.15%	0.15%
TT	A	0.52%	0.02%	0.02%
TW	A	0.11%	0.02%	0.02%
UBER	D	1.04%	0.17%	0.17%
ULTA	F	0.16%	0.05%	0.05%
UNH	C	2.16%	0.77%	0.77%
UPS	C	0.79%	0.07%	0.07%
VLTO	D	0.23%	0.03%	0.03%
VMC	B	0.23%	0.02%	0.02%
WAT	B	0.14%	0.02%	0.02%
WDAY	B	0.81%	0.03%	0.03%
WMT	A	5.09%	0.35%	0.35%
XYL	D	0.14%	0.36%	0.14%
ZBRA	B	0.23%	0.02%	0.02%

NXTI Overweight 100 Positions Relative to NZAC

Symbol	Grade	Weight
XOM	B	3.43%
KO	D	1.23%
DELL	C	1.03%
PEP	F	1.02%
SNPS	B	0.95%
SPOT	B	0.93%
HON	B	0.91%
PM	B	0.9%
CDNS	B	0.87%
GEV	B	0.66%
TEAM	A	0.61%
WMB	A	0.59%
FICO	B	0.57%
CL	D	0.55%
APP	B	0.54%
DDOG	A	0.54%
D	C	0.46%
HPQ	B	0.45%
NTRA	B	0.45%
FDX	B	0.44%
SRPT	D	0.43%
INSM	C	0.39%
NET	B	0.38%
KR	B	0.37%
CI	F	0.36%
TRGP	B	0.34%
HUBS	A	0.34%
MPC	D	0.33%
ZS	C	0.33%
ED	D	0.32%
PEN	B	0.32%
VST	B	0.32%
KMB	D	0.31%
CMI	A	0.3%
ITCI	C	0.29%
CVS	D	0.29%
EXEL	B	0.29%
IOT	A	0.28%
STX	D	0.26%
BKR	B	0.25%
RDDT	B	0.24%
MDB	C	0.24%
NWS	B	0.22%
IONS	F	0.22%
NTNX	A	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
MANH	D	0.19%
CVNA	B	0.19%
DT	C	0.19%
INSP	D	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
BBIO	F	0.18%
DD	D	0.18%
BBY	D	0.18%
NRG	B	0.17%
CACI	D	0.16%
OTIS	C	0.16%
GWRE	A	0.16%
SYY	B	0.16%
RARE	D	0.15%
CORT	B	0.15%
DECK	A	0.14%
ALKS	B	0.14%
DUOL	A	0.14%
WSM	B	0.14%
EXPE	B	0.14%
NI	A	0.14%
AXSM	B	0.14%
CNC	D	0.13%
DOV	A	0.12%
AVY	D	0.12%
EXPD	D	0.12%
K	A	0.12%
FOLD	F	0.12%
APLS	D	0.12%
GTLB	B	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	B	0.11%
TSCO	D	0.11%
NYT	C	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	D	0.1%
CHWY	B	0.09%
DYN	F	0.09%
WING	D	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 273 Positions Relative to NZAC

Symbol	Grade	Weight
NVDA	C	-4.67%
AAPL	C	-4.47%
MSFT	F	-4.03%
AMZN	C	-2.38%
GOOG	C	-1.45%
TSLA	B	-1.32%
AVGO	D	-1.1%
JPM	A	-1.09%
GOOGL	C	-1.03%
LLY	F	-0.94%
EIX	B	-0.81%
V	A	-0.75%
JNJ	D	-0.62%
ABBV	D	-0.6%
ORCL	B	-0.59%
NFLX	A	-0.49%
MRK	F	-0.47%
ADI	D	-0.46%
BAC	A	-0.44%
CRM	B	-0.42%
NVS	D	-0.41%
ACN	C	-0.39%
DLR	B	-0.39%
SPGI	C	-0.38%
ACM	A	-0.36%
MCD	D	-0.36%
TJX	A	-0.36%
ABBV	D	-0.34%
EQIX	A	-0.33%
TMO	F	-0.32%
BSX	B	-0.31%
ISRG	A	-0.31%
DIS	B	-0.29%
ETN	A	-0.28%
TXN	C	-0.27%
AMD	F	-0.27%
BLK	C	-0.27%
MS	A	-0.26%
QCOM	F	-0.26%
SYK	C	-0.25%
CMCSA	B	-0.25%
WFC	A	-0.25%
CB	C	-0.24%
PWR	A	-0.24%
BABA	D	-0.24%
BMY	B	-0.24%
MDT	D	-0.23%
PNR	A	-0.23%
MCO	B	-0.22%
VZ	C	-0.21%
AMGN	D	-0.21%
PLD	D	-0.21%
UNP	C	-0.21%
MET	A	-0.21%
ADP	B	-0.2%
SCHW	B	-0.19%
TD	F	-0.19%
PFE	D	-0.19%
PNC	B	-0.19%
DHR	F	-0.19%
GLW	B	-0.19%
ABT	B	-0.19%
FI	A	-0.18%
INTC	D	-0.18%
T	A	-0.18%
SONY	B	-0.17%
APO	B	-0.17%
HPE	B	-0.16%
FSLR	F	-0.16%
ZTS	D	-0.16%
AME	A	-0.16%
KLAC	D	-0.15%
WELL	A	-0.15%
SBUX	A	-0.15%
SPG	B	-0.15%
HDB	C	-0.14%
COF	B	-0.14%
DE	A	-0.14%
VRTX	F	-0.14%
MELI	D	-0.14%
TDG	D	-0.13%
ICE	C	-0.13%
BK	A	-0.13%
KKR	A	-0.13%
PYPL	B	-0.13%
TMUS	B	-0.13%
SHOP	B	-0.12%
AVB	B	-0.12%
MRVL	B	-0.12%
USB	A	-0.12%
CME	A	-0.12%
AMT	D	-0.11%
AON	A	-0.11%
EW	C	-0.11%
BDX	F	-0.11%
LI	F	-0.11%
PSA	D	-0.11%
APH	A	-0.11%
INFY	B	-0.11%
AZO	C	-0.1%
MTB	A	-0.1%
ESS	B	-0.1%
WM	A	-0.1%
CHD	B	-0.1%
REGN	F	-0.1%
EQH	B	-0.1%
IQV	D	-0.1%
DEO	F	-0.1%
TDY	B	-0.1%
AIZ	A	-0.09%
SYF	B	-0.09%
MU	D	-0.09%
ROST	C	-0.09%
DFS	B	-0.09%
ALLE	D	-0.09%
CSX	B	-0.09%
FTV	C	-0.09%
SCCO	F	-0.08%
PDD	F	-0.08%
KDP	D	-0.08%
GRMN	B	-0.08%
REG	B	-0.08%
LULU	C	-0.08%
MUFG	B	-0.08%
NEM	D	-0.08%
WAB	B	-0.08%
ROK	B	-0.08%
BR	A	-0.08%
O	D	-0.07%
FIS	C	-0.07%
CINF	A	-0.07%
BXP	D	-0.07%
RVTY	F	-0.07%
TRMB	B	-0.07%
CCI	D	-0.07%
RF	A	-0.07%
HSBH	B	-0.07%
CMG	B	-0.07%
WRB	A	-0.07%
EQR	B	-0.07%
MKL	A	-0.07%
AFG	A	-0.07%
WIT	A	-0.07%
WTW	B	-0.07%
RMD	C	-0.07%
CHTR	C	-0.07%
LIN	D	-0.07%
YUM	B	-0.07%
VTR	C	-0.06%
DHI	D	-0.06%
IRM	D	-0.06%
TCOM	B	-0.06%
GS	A	-0.06%
PCAR	B	-0.06%
LEN	D	-0.06%
ANET	C	-0.06%
GILD	C	-0.06%
AXON	A	-0.06%
CPAY	A	-0.05%
VRSK	A	-0.05%
NTRS	A	-0.05%
ZBH	C	-0.05%
HOLX	D	-0.05%
GPN	B	-0.05%
TROW	B	-0.05%
URI	B	-0.05%
TTD	B	-0.05%
ENPH	F	-0.05%
COIN	C	-0.04%
RJF	A	-0.04%
CEG	D	-0.04%
DXCM	D	-0.04%
NSC	B	-0.04%
FOXA	B	-0.04%
UHAL	D	-0.04%
BCS	C	-0.04%
PHM	D	-0.04%
XPEV	C	-0.04%
CPRT	A	-0.04%
NDAQ	A	-0.04%
EXR	D	-0.04%
IEX	B	-0.04%
EFX	F	-0.03%
STE	F	-0.03%
NVR	D	-0.03%
AZN	D	-0.03%
VICI	C	-0.03%
AVTR	F	-0.03%
XRX	F	-0.03%
CCEP	C	-0.03%
EG	C	-0.03%
SBAC	D	-0.03%
VEEV	C	-0.03%
CARR	D	-0.03%
LKQ	D	-0.03%
ERIE	D	-0.03%
BIIB	F	-0.03%
OMC	C	-0.03%
CBOE	B	-0.03%
FOX	A	-0.03%
BIDU	F	-0.03%
STZ	D	-0.03%
Z	A	-0.02%
CG	A	-0.02%
NIO	F	-0.02%
ANSS	B	-0.02%
ALLY	C	-0.02%
BMRN	D	-0.02%
RPRX	D	-0.02%
TFX	F	-0.02%
MOH	F	-0.02%
STT	A	-0.02%
CRWD	B	-0.02%
SNA	A	-0.02%
WST	C	-0.02%
HBAN	A	-0.02%
MSTR	C	-0.02%
DGX	A	-0.02%
SEIC	B	-0.02%
ZM	B	-0.02%
PODD	C	-0.02%
HEI	B	-0.02%
BCH	F	-0.02%
ASAI	F	-0.02%
CTLT	B	-0.02%
BAX	D	-0.02%
VRT	B	-0.02%
MAR	B	-0.02%
SNOW	C	-0.02%
ODFL	B	-0.02%
DLTR	F	-0.02%
HLT	A	-0.02%
ROP	B	-0.02%
LH	C	-0.02%
POOL	C	-0.02%
CSGP	D	-0.02%
SQ	B	-0.02%
MBAVU	D	-0.01%
SMCI	F	-0.01%
QGEN	D	-0.01%
EXAS	D	-0.01%
SWKS	F	-0.01%
BBWI	D	-0.01%
WYNN	D	-0.01%
STLD	B	-0.01%
RIVN	F	-0.01%
SUI	D	-0.01%
NXPI	D	-0.01%
JKHY	D	-0.01%
TECH	D	-0.01%
BIO	D	-0.01%
ALB	C	-0.01%
C	A	-0.01%
PAYC	B	-0.01%
EPAM	C	-0.01%
KVUE	A	-0.01%
MAS	D	-0.01%
DOC	D	-0.01%
MKC	D	-0.01%
MRNA	F	-0.01%
MKTX	D	-0.01%
SQ	B	-0.01%
FDS	B	-0.01%
TRU	D	-0.01%
IPG	D	-0.01%
KB	B	-0.01%
WPC	D	-0.01%
VRSN	F	-0.01%
QFIN	B	-0.01%
LYG	F	-0.01%
TEVA	D	-0.01%
NIO	F	-0.0%
WIT	A	-0.0%