NXTI vs. TGLR ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to LAFFER TENGLER Equity Income ETF (TGLR)

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

$29.87

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$30.43

Average Daily Volume

1,989

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	TGLR
30 Days	3.26%	1.33%
60 Days	8.25%	5.23%
90 Days	9.81%	7.78%
12 Months		29.64%

6 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in TGLR	Overlap
AXP	B	0.76%	4.72%	0.76%
DELL	C	0.98%	2.5%	0.98%
HD	B	1.62%	4.16%	1.62%
LRCX	F	0.57%	2.38%	0.57%
PEP	D	1.03%	2.24%	1.03%
WMT	A	4.94%	4.48%	4.48%

NXTI Overweight 191 Positions Relative to TGLR

Symbol	Grade	Weight
META	B	5.27%
BRK.A	B	4.21%
XOM	B	3.4%
ADBE	C	3.13%
MA	B	2.95%
CSCO	A	2.61%
IBM	D	2.41%
UNH	B	2.22%
NOW	A	2.2%
INTU	A	2.1%
PANW	B	1.39%
KO	F	1.34%
IDXX	F	1.28%
ALNY	D	1.08%
UBER	F	1.07%
SNPS	C	0.93%
NKE	F	0.93%
MSI	B	0.92%
HON	B	0.9%
BKNG	A	0.89%
SPOT	A	0.88%
PLTR	B	0.87%
CDNS	B	0.86%
WDAY	B	0.84%
AMAT	F	0.81%
PM	B	0.81%
UPS	C	0.79%
FTNT	B	0.75%
ADSK	B	0.7%
BX	A	0.69%
TGT	C	0.68%
CL	F	0.61%
LOW	B	0.61%
PGR	A	0.59%
ALGN	D	0.57%
GEV	B	0.56%
FICO	B	0.55%
TT	B	0.55%
CTAS	B	0.55%
ABNB	C	0.53%
WMB	B	0.51%
TEAM	B	0.51%
ITW	B	0.5%
MMM	C	0.5%
DDOG	B	0.49%
ORLY	A	0.49%
ELV	F	0.48%
CTSH	A	0.48%
NTRA	B	0.47%
EA	A	0.47%
HPQ	B	0.45%
D	D	0.44%
MMC	D	0.44%
FDX	B	0.44%
INSM	C	0.42%
SRPT	F	0.42%
APP	B	0.41%
INCY	B	0.4%
PH	A	0.4%
CI	D	0.39%
SHW	A	0.38%
NBIX	C	0.38%
DASH	A	0.38%
CDW	F	0.37%
MPC	D	0.37%
EBAY	C	0.37%
KR	A	0.37%
ECL	C	0.36%
HUBS	B	0.34%
NET	B	0.34%
ED	D	0.33%
KMB	D	0.33%
CVS	F	0.32%
HSIC	F	0.31%
VST	B	0.31%
PAYX	B	0.31%
ZS	B	0.31%
NTAP	D	0.31%
PINS	F	0.3%
CMI	A	0.3%
TRGP	B	0.3%
GDDY	B	0.29%
GWW	B	0.29%
A	F	0.29%
IOT	B	0.28%
STX	D	0.28%
PEN	C	0.27%
AJG	A	0.26%
EL	F	0.26%
ITCI	B	0.25%
MDB	C	0.25%
IT	B	0.25%
AFL	C	0.25%
VLTO	D	0.25%
SMMT	D	0.23%
EXEL	B	0.23%
IONS	F	0.23%
BKR	B	0.23%
ZBRA	B	0.23%
NWS	B	0.21%
INSP	F	0.21%
BPMC	C	0.21%
BBY	C	0.21%
MTD	F	0.21%
VMC	B	0.21%
MNST	B	0.21%
TRV	B	0.21%
AIG	B	0.2%
NTNX	B	0.2%
MANH	C	0.2%
AMP	A	0.2%
SNAP	C	0.2%
ALL	B	0.2%
CYTK	C	0.2%
BBIO	F	0.19%
DT	C	0.19%
DD	D	0.19%
PSTG	D	0.19%
GIS	F	0.18%
HUM	D	0.18%
KEYS	C	0.18%
PRU	B	0.18%
TOST	A	0.18%
ACGL	C	0.17%
NRG	C	0.17%
OTIS	D	0.17%
SYY	D	0.17%
RARE	F	0.16%
FAST	B	0.16%
XYL	F	0.16%
DOCU	B	0.16%
JNPR	D	0.16%
HSY	F	0.16%
WSM	F	0.16%
ROL	C	0.16%
MDGL	C	0.16%
ULTA	C	0.16%
AXSM	B	0.15%
LYV	A	0.15%
ALKS	C	0.15%
BURL	C	0.15%
CBRE	B	0.15%
TER	F	0.15%
WAT	B	0.15%
CNC	F	0.15%
GWRE	A	0.15%
FFIV	B	0.15%
EXPE	B	0.14%
BAH	C	0.14%
CLX	A	0.14%
ILMN	C	0.14%
DUOL	A	0.14%
NI	A	0.14%
CORT	B	0.14%
HIG	C	0.14%
CACI	C	0.14%
APLS	F	0.13%
LII	B	0.13%
GPC	D	0.13%
MTCH	F	0.13%
EXPD	C	0.13%
PPG	F	0.13%
APTV	F	0.13%
RDDT	B	0.13%
DECK	B	0.13%
CVNA	B	0.13%
APPF	B	0.12%
DYN	D	0.12%
WING	D	0.12%
K	A	0.12%
DOV	A	0.12%
TSCO	D	0.12%
BRO	B	0.12%
AVY	F	0.12%
GTLB	B	0.11%
DKNG	B	0.11%
PCOR	B	0.11%
RL	B	0.11%
FOLD	F	0.11%
TXT	D	0.11%
NYT	C	0.11%
DNLI	C	0.11%
IOVA	D	0.1%
RS	C	0.1%
AMED	F	0.1%
TGTX	B	0.1%
ACI	C	0.1%
TW	B	0.1%
CHWY	B	0.09%
DLB	D	0.04%
LNW	F	0.04%

NXTI Underweight 23 Positions Relative to TGLR

Symbol	Grade	Weight
ORCL	A	-5.7%
AVGO	C	-4.59%
ABBV	F	-4.43%
MSFT	C	-4.2%
JPM	A	-4.19%
CARR	C	-4.11%
MCD	C	-3.9%
RTX	D	-3.73%
GS	B	-3.51%
TXN	B	-3.32%
LHX	B	-3.11%
CVX	A	-3.09%
JNJ	D	-3.02%
SBUX	B	-2.91%
STLD	C	-2.79%
EMR	A	-2.75%
NXPI	F	-2.73%
EOG	A	-2.6%
GOOGL	C	-2.54%
AAPL	C	-2.41%
PLD	D	-2.32%
MDT	D	-2.19%
NEE	D	-1.84%