NXTI vs. TECB ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to iShares U.S. Tech Breakthrough Multisector ETF (TECB)

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

TECB

iShares U.S. Tech Breakthrough Multisector ETF

TECB Description

The fund seeks to track the investment results of the NYSE FactSet U.S. Tech Breakthrough Index (the underlying index), which measures the performance of U.S. listed companies engaged in cutting edge research and development of products and services in the areas of robotics and artificial intelligence, cyber security, cloud and data tech, financial technology, and genomics and immunology. It generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.80

Average Daily Volume

19,806

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	TECB
30 Days	5.73%	6.07%
60 Days	7.47%	7.19%
90 Days	10.93%	9.19%
12 Months		37.00%

32 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in TECB	Overlap
ADBE	C	2.94%	2.97%	2.94%
ADSK	A	0.72%	0.89%	0.72%
BAH	F	0.15%	0.51%	0.15%
BPMC	C	0.2%	0.1%	0.1%
CACI	D	0.16%	0.28%	0.16%
EBAY	D	0.33%	0.45%	0.33%
EXEL	B	0.29%	0.17%	0.17%
FTNT	C	0.77%	1.59%	0.77%
GDDY	A	0.31%	0.36%	0.31%
GTLB	B	0.11%	0.11%	0.11%
GWRE	A	0.16%	0.1%	0.1%
HPQ	B	0.45%	0.54%	0.45%
HUBS	A	0.34%	0.51%	0.34%
INCY	C	0.46%	0.27%	0.27%
INTU	C	2.08%	1.12%	1.12%
IOVA	F	0.11%	0.03%	0.03%
JNPR	F	0.16%	0.3%	0.16%
MA	C	3.02%	2.59%	2.59%
MDB	C	0.24%	0.33%	0.24%
META	D	5.28%	4.07%	4.07%
NOW	A	2.29%	3.13%	2.29%
NTAP	C	0.29%	0.38%	0.29%
NTNX	A	0.21%	0.25%	0.21%
PANW	C	1.5%	3.41%	1.5%
PINS	D	0.29%	0.23%	0.23%
PSTG	D	0.19%	0.23%	0.19%
SNAP	C	0.23%	0.15%	0.15%
SRPT	D	0.43%	0.17%	0.17%
TEAM	A	0.61%	0.59%	0.59%
TOST	B	0.19%	0.1%	0.1%
TW	A	0.11%	0.09%	0.09%
ZS	C	0.33%	0.5%	0.33%

NXTI Overweight 165 Positions Relative to TECB

Symbol	Grade	Weight
WMT	A	5.09%
BRK.A	B	4.18%
XOM	B	3.43%
CSCO	B	2.73%
IBM	C	2.28%
UNH	C	2.16%
HD	A	1.6%
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	B	0.91%
HON	B	0.91%
PM	B	0.9%
BKNG	A	0.88%
CDNS	B	0.87%
NKE	D	0.82%
WDAY	B	0.81%
UPS	C	0.79%
AXP	A	0.77%
BX	A	0.77%
AMAT	F	0.74%
TGT	F	0.67%
GEV	B	0.66%
WMB	A	0.59%
LOW	D	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%
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%
D	C	0.46%
NTRA	B	0.45%
FDX	B	0.44%
MMC	B	0.43%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
KR	B	0.37%
SHW	A	0.36%
CI	F	0.36%
ELV	F	0.36%
ECL	D	0.35%
TRGP	B	0.34%
MPC	D	0.33%
ED	D	0.32%
PAYX	C	0.32%
PEN	B	0.32%
VST	B	0.32%
KMB	D	0.31%
GWW	B	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
IOT	A	0.28%
A	D	0.26%
STX	D	0.26%
BKR	B	0.25%
AJG	B	0.25%
IT	C	0.24%
AFL	B	0.24%
RDDT	B	0.24%
VLTO	D	0.23%
VMC	B	0.23%
ZBRA	B	0.23%
NWS	B	0.22%
AMP	A	0.22%
MNST	C	0.22%
TRV	B	0.22%
IONS	F	0.22%
MDGL	B	0.2%
CYTK	F	0.2%
AIG	B	0.2%
MANH	D	0.19%
CVNA	B	0.19%
DT	C	0.19%
INSP	D	0.19%
ALL	A	0.19%
SMMT	D	0.19%
BBIO	F	0.18%
FAST	B	0.18%
EL	F	0.18%
PRU	A	0.18%
DOCU	A	0.18%
DD	D	0.18%
MTD	D	0.18%
BBY	D	0.18%
FFIV	B	0.17%
NRG	B	0.17%
KEYS	A	0.17%
ULTA	F	0.16%
OTIS	C	0.16%
SYY	B	0.16%
GIS	D	0.16%
HUM	C	0.15%
RARE	D	0.15%
CORT	B	0.15%
ILMN	D	0.15%
HSY	F	0.15%
ROL	B	0.15%
CBRE	B	0.15%
LYV	A	0.15%
DECK	A	0.14%
ALKS	B	0.14%
WAT	B	0.14%
DUOL	A	0.14%
WSM	B	0.14%
EXPE	B	0.14%
BURL	A	0.14%
NI	A	0.14%
AXSM	B	0.14%
XYL	D	0.14%
ACGL	D	0.14%
CNC	D	0.13%
HIG	B	0.13%
CLX	B	0.13%
DOV	A	0.12%
AVY	D	0.12%
EXPD	D	0.12%
K	A	0.12%
FOLD	F	0.12%
TER	D	0.12%
APLS	D	0.12%
MTCH	D	0.12%
PPG	F	0.12%
BRO	B	0.12%
TGTX	B	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%
RS	B	0.09%
WING	D	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 132 Positions Relative to TECB

Symbol	Grade	Weight
NFLX	A	-4.98%
CRM	B	-4.64%
ORCL	B	-4.5%
NVDA	C	-4.32%
AAPL	C	-4.13%
AMZN	C	-3.83%
MSFT	F	-3.47%
GOOGL	C	-3.42%
V	A	-2.96%
AMD	F	-2.91%
MRK	F	-2.72%
ISRG	A	-2.56%
TXN	C	-2.38%
QCOM	F	-2.28%
CRWD	B	-2.17%
GILD	C	-1.94%
ADI	D	-1.39%
INTC	D	-1.37%
REGN	F	-1.37%
MELI	D	-1.35%
EQIX	A	-1.28%
MSTR	C	-0.92%
DLR	B	-0.88%
FI	A	-0.77%
SNOW	C	-0.77%
AME	A	-0.59%
PYPL	B	-0.54%
IRM	D	-0.51%
MCHP	D	-0.46%
CPNG	D	-0.41%
ANSS	B	-0.4%
AKAM	D	-0.37%
COIN	C	-0.34%
OKTA	C	-0.32%
SQ	B	-0.31%
WDC	D	-0.31%
FIS	C	-0.29%
TWLO	A	-0.24%
MRNA	F	-0.22%
S	B	-0.2%
GPN	B	-0.18%
SAIC	F	-0.17%
CPAY	A	-0.16%
BR	A	-0.16%
QLYS	C	-0.15%
RVMD	C	-0.14%
VRNS	D	-0.14%
TENB	C	-0.13%
CVLT	B	-0.11%
DBX	B	-0.1%
SSNC	B	-0.1%
AFRM	B	-0.1%
LUMN	C	-0.1%
CFLT	B	-0.1%
PARA	C	-0.09%
ETSY	D	-0.09%
CGNX	C	-0.09%
SOFI	A	-0.09%
LSCC	D	-0.09%
JKHY	D	-0.08%
ALTR	B	-0.08%
ALRM	C	-0.08%
BSY	D	-0.08%
RPD	C	-0.07%
BILL	A	-0.06%
MKTX	D	-0.06%
ACLX	C	-0.06%
WEX	D	-0.05%
CALX	D	-0.05%
INFA	D	-0.05%
PEGA	A	-0.05%
YOU	D	-0.05%
AI	B	-0.05%
LGND	B	-0.04%
QTWO	A	-0.04%
PTON	B	-0.04%
OMF	A	-0.04%
FRSH	C	-0.04%
FOUR	B	-0.04%
TWST	D	-0.04%
SWTX	C	-0.04%
TDC	D	-0.04%
SLAB	D	-0.04%
PRGS	A	-0.04%
BCRX	D	-0.03%
AVPT	A	-0.03%
EEFT	B	-0.03%
DVAX	C	-0.03%
WK	B	-0.03%
CCCS	B	-0.03%
BEAM	D	-0.03%
ATEN	B	-0.03%
DOCN	D	-0.03%
UPST	B	-0.03%
ACIW	B	-0.03%
GERN	D	-0.03%
PAR	B	-0.02%
SYM	C	-0.02%
VERX	B	-0.02%
FLYW	C	-0.02%
MTTR	B	-0.02%
NVAX	F	-0.02%
BL	B	-0.02%
VIRT	B	-0.02%
NCNO	B	-0.02%
ZUO	B	-0.02%
SIRI	C	-0.02%
CWAN	B	-0.02%
APPN	B	-0.02%
NTLA	F	-0.02%
INTA	A	-0.02%
XNCR	B	-0.02%
DDD	C	-0.01%
ARCT	F	-0.01%
MQ	F	-0.01%
BMBL	C	-0.01%
DFIN	D	-0.01%
AVDX	B	-0.01%
VIR	D	-0.01%
RCUS	F	-0.01%
BASE	C	-0.01%
ALKT	B	-0.01%
PRLB	A	-0.01%
CXM	C	-0.01%
FSLY	D	-0.01%
VMEO	B	-0.01%
PAYO	A	-0.01%
ENVA	B	-0.01%
WRLD	C	-0.0%
LPRO	C	-0.0%
RPAY	D	-0.0%
DNA	F	-0.0%