NXTI vs. WBIL ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to WBI Large Cap Tactical Select Shares (WBIL)

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

$29.58

Average Daily Volume

463

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

WBIL

WBI Large Cap Tactical Select Shares

WBIL Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display an attractive financial condition and prospects for ongoing financial stability, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$36.03

Average Daily Volume

1,633

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	WBIL
30 Days	2.04%	2.36%
60 Days	4.90%	6.11%
90 Days	8.14%	6.20%
12 Months		20.90%

16 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in WBIL	Overlap
AMP	A	0.22%	4.99%	0.22%
BX	A	0.77%	2.33%	0.77%
EA	A	0.5%	3.74%	0.5%
FAST	B	0.18%	1.08%	0.18%
FICO	B	0.57%	2.28%	0.57%
GWW	B	0.31%	1.07%	0.31%
INTU	B	2.08%	2.16%	2.08%
LRCX	F	0.53%	1.86%	0.53%
META	C	5.28%	0.97%	0.97%
PAYX	B	0.32%	1.04%	0.32%
PH	B	0.39%	1.02%	0.39%
PINS	F	0.29%	3.9%	0.29%
PM	A	0.9%	1.75%	0.9%
SPOT	B	0.93%	0.86%	0.86%
TT	A	0.52%	0.87%	0.52%
UBER	F	1.04%	3.79%	1.04%

NXTI Overweight 181 Positions Relative to WBIL

Symbol	Grade	Weight
WMT	A	5.09%
BRK.A	B	4.18%
XOM	B	3.43%
MA	B	3.02%
ADBE	D	2.94%
CSCO	B	2.73%
NOW	B	2.29%
IBM	C	2.28%
UNH	C	2.16%
HD	A	1.6%
PANW	B	1.5%
KO	D	1.23%
ALNY	D	1.07%
IDXX	F	1.04%
DELL	B	1.03%
PEP	F	1.02%
PLTR	A	0.99%
SNPS	C	0.95%
MSI	B	0.91%
HON	B	0.91%
BKNG	A	0.88%
CDNS	B	0.87%
NKE	F	0.82%
WDAY	C	0.81%
UPS	C	0.79%
FTNT	B	0.77%
AXP	B	0.77%
AMAT	F	0.74%
ADSK	B	0.72%
TGT	B	0.67%
GEV	A	0.66%
TEAM	A	0.61%
WMB	A	0.59%
LOW	C	0.59%
ABNB	D	0.58%
PGR	B	0.56%
CL	D	0.55%
CTAS	B	0.55%
APP	A	0.54%
DDOG	A	0.54%
ORLY	B	0.49%
ITW	B	0.49%
ALGN	D	0.47%
CTSH	C	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	D	0.43%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
NET	B	0.38%
KR	B	0.37%
SHW	C	0.36%
CI	D	0.36%
ELV	F	0.36%
ECL	D	0.35%
TRGP	A	0.34%
HUBS	B	0.34%
MPC	D	0.33%
EBAY	D	0.33%
ZS	B	0.33%
ED	C	0.32%
PEN	B	0.32%
VST	A	0.32%
GDDY	A	0.31%
KMB	C	0.31%
CMI	A	0.3%
HSIC	C	0.3%
CDW	F	0.3%
ITCI	B	0.29%
CVS	F	0.29%
NTAP	C	0.29%
EXEL	B	0.29%
IOT	A	0.28%
A	F	0.26%
STX	D	0.26%
BKR	B	0.25%
AJG	B	0.25%
IT	C	0.24%
AFL	C	0.24%
RDDT	A	0.24%
MDB	C	0.24%
SNAP	D	0.23%
VLTO	C	0.23%
VMC	B	0.23%
ZBRA	B	0.23%
NWS	A	0.22%
MNST	C	0.22%
TRV	A	0.22%
IONS	F	0.22%
NTNX	B	0.21%
MDGL	C	0.2%
CYTK	D	0.2%
BPMC	C	0.2%
AIG	C	0.2%
MANH	D	0.19%
CVNA	A	0.19%
DT	C	0.19%
INSP	F	0.19%
ALL	A	0.19%
PSTG	F	0.19%
SMMT	D	0.19%
TOST	A	0.19%
BBIO	F	0.18%
EL	F	0.18%
PRU	B	0.18%
DOCU	B	0.18%
DD	D	0.18%
MTD	F	0.18%
BBY	D	0.18%
FFIV	B	0.17%
NRG	B	0.17%
KEYS	C	0.17%
CACI	C	0.16%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	A	0.16%
SYY	D	0.16%
JNPR	D	0.16%
GIS	F	0.16%
HUM	D	0.15%
RARE	F	0.15%
CORT	C	0.15%
ILMN	C	0.15%
HSY	F	0.15%
ROL	B	0.15%
BAH	D	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	D	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	F	0.13%
HIG	B	0.13%
CLX	A	0.13%
DOV	B	0.12%
AVY	D	0.12%
EXPD	D	0.12%
K	B	0.12%
FOLD	F	0.12%
TER	F	0.12%
APLS	F	0.12%
MTCH	F	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	C	0.11%
DKNG	B	0.1%
APPF	C	0.1%
AMED	F	0.1%
ACI	C	0.1%
TXT	D	0.1%
GPC	F	0.1%
DNLI	C	0.1%
APTV	F	0.1%
CHWY	B	0.09%
DYN	F	0.09%
RS	B	0.09%
WING	D	0.08%
DLB	F	0.04%
LNW	F	0.04%

NXTI Underweight 28 Positions Relative to WBIL

Symbol	Grade	Weight
MRVL	B	-4.78%
CRWD	B	-4.74%
SCHW	A	-4.7%
AAPL	C	-4.45%
FI	A	-4.3%
LULU	C	-4.2%
NVDA	A	-3.63%
AMZN	B	-3.17%
CRM	B	-2.49%
BR	B	-2.14%
PWR	A	-2.12%
COST	A	-1.99%
QCOM	F	-1.99%
RMD	C	-1.97%
ABBV	F	-1.94%
URI	B	-1.91%
TYL	B	-1.8%
SBUX	A	-1.78%
MELI	D	-1.7%
NFLX	A	-1.04%
TJX	A	-0.93%
ANET	C	-0.85%
AGZD	A	-0.74%
FLTR	A	-0.73%
FALN	A	-0.72%
FTSL	A	-0.67%
STIP	A	-0.52%
BKLN	A	-0.32%