NXTI vs. USMC ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Principal U.S. Mega-Cap ETF (USMC)

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

$28.54

Average Daily Volume

755

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMC

Principal U.S. Mega-Cap ETF

USMC Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Mega Cap Select Leaders Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities of companies in the Nasdaq US 500 Large Cap Index (the parent index) that have the largest market capitalizations, with higher weights given to less volatile securities.

Grade (RS Rating)

Last Trade

$57.09

Average Daily Volume

44,550

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	USMC
30 Days	4.70%	3.99%
60 Days	13.15%	11.94%
90 Days	9.05%	3.47%
12 Months		34.84%

7 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in USMC	Overlap
BRK.A	B	4.26%	5.08%	4.26%
HD	A	1.49%	3.27%	1.49%
MA	A	3.46%	4.68%	3.46%
META	A	4.78%	4.74%	4.74%
UNH	B	2.26%	4.27%	2.26%
WMT	A	5.18%	3.15%	3.15%
XOM	A	3.57%	4.43%	3.57%

NXTI Overweight 3 Positions Relative to USMC

Symbol	Grade	Weight
ADBE	F	3.9%
IBM	A	2.77%
NOW	B	2.66%

NXTI Underweight 18 Positions Relative to USMC

Symbol	Grade	Weight
AAPL	C	-6.83%
MSFT	D	-6.68%
NFLX	A	-4.73%
PG	D	-4.56%
NVDA	B	-4.53%
V	B	-4.5%
JPM	C	-4.46%
GOOGL	B	-3.92%
AVGO	B	-3.9%
AMZN	C	-3.58%
ABBV	C	-3.15%
JNJ	D	-3.03%
TSLA	C	-2.81%
COST	C	-2.81%
LLY	D	-2.75%
AMD	C	-2.72%
BAC	B	-2.7%
MRK	F	-2.48%