NXTV vs. ACWV ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values 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 an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values 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. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$29.28

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.35

Average Daily Volume

116,295

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	ACWV
30 Days	7.27%	1.26%
60 Days	6.15%	-0.54%
90 Days	9.71%	0.99%
12 Months		19.01%

23 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in ACWV	Overlap
ACI	C	0.49%	0.05%	0.05%
AIZ	B	0.16%	0.13%	0.13%
CPB	D	0.21%	0.22%	0.21%
CTVA	B	0.62%	0.13%	0.13%
DINO	F	0.18%	0.06%	0.06%
ED	D	0.36%	0.86%	0.36%
EG	C	0.24%	0.1%	0.1%
FCNCA	B	0.71%	0.25%	0.25%
GPC	D	0.28%	0.05%	0.05%
HSIC	B	0.27%	0.06%	0.06%
HUM	C	0.55%	0.33%	0.33%
INCY	C	0.41%	0.35%	0.35%
JNPR	F	0.54%	0.29%	0.29%
KHC	D	0.62%	0.32%	0.32%
KR	A	1.77%	0.83%	0.83%
L	B	0.27%	0.41%	0.27%
MKL	A	0.34%	0.44%	0.34%
PCG	B	0.46%	0.1%	0.1%
T	A	5.05%	0.27%	0.27%
TRV	B	0.83%	0.32%	0.32%
TSN	B	0.32%	0.31%	0.31%
VZ	B	4.68%	0.79%	0.79%
WRB	A	0.34%	0.42%	0.34%

NXTV Overweight 171 Positions Relative to ACWV

Symbol	Grade	Weight
CMCSA	C	5.48%
PFE	D	4.63%
INTC	C	3.52%
DELL	C	3.41%
C	A	1.95%
HPQ	B	1.47%
FDX	B	1.15%
EBAY	C	1.1%
CVS	D	1.08%
HPE	B	1.06%
GM	B	1.04%
NTAP	C	0.98%
COF	B	0.96%
ZM	B	0.96%
WDC	C	0.92%
BBY	D	0.91%
GFS	C	0.91%
VICI	C	0.85%
FOXA	C	0.83%
MET	A	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	C	0.75%
AIG	B	0.75%
EL	F	0.74%
ALL	B	0.74%
NWS	B	0.72%
F	C	0.72%
DD	D	0.69%
PRU	A	0.67%
NUE	D	0.67%
ZBH	C	0.64%
DLTR	D	0.61%
LEN	C	0.6%
ILMN	C	0.58%
SYY	C	0.57%
MRNA	F	0.57%
TWLO	B	0.55%
CACI	D	0.53%
BAX	F	0.53%
SRE	A	0.53%
D	C	0.5%
TPR	A	0.48%
CNC	F	0.48%
IP	B	0.47%
LBRDK	C	0.46%
CCL	B	0.45%
CTRA	B	0.45%
ALB	C	0.43%
SNX	C	0.42%
VTRS	B	0.42%
ADM	F	0.4%
PPG	D	0.39%
EQT	B	0.39%
UAL	B	0.39%
MRO	B	0.39%
RS	B	0.38%
EXC	D	0.38%
FYBR	D	0.37%
GAP	C	0.37%
CIEN	B	0.36%
EXPE	B	0.36%
SOLV	C	0.35%
FLEX	B	0.35%
DBX	C	0.34%
LUV	B	0.34%
SYF	A	0.34%
CINF	A	0.33%
ETR	B	0.32%
PATH	C	0.31%
LEVI	F	0.3%
CFG	B	0.3%
FTI	A	0.3%
PFG	C	0.29%
CRBG	B	0.29%
BILL	A	0.29%
PEGA	A	0.29%
ARE	D	0.28%
SWK	D	0.28%
EXEL	A	0.27%
OVV	C	0.27%
U	C	0.27%
DDS	B	0.27%
AMKR	F	0.26%
TXT	D	0.26%
BIO	D	0.26%
BLDR	C	0.24%
PPL	B	0.24%
FNF	B	0.24%
WCC	B	0.23%
VFC	C	0.23%
NSIT	F	0.23%
LUMN	C	0.23%
SATS	D	0.23%
PFGC	A	0.22%
RGA	A	0.22%
USM	B	0.22%
SNA	A	0.22%
EQH	B	0.22%
AIT	B	0.22%
KD	B	0.22%
CNH	A	0.21%
RPM	A	0.21%
W	D	0.21%
ROKU	D	0.21%
RNR	C	0.21%
M	D	0.2%
JEF	A	0.2%
JLL	B	0.2%
ELAN	F	0.2%
CLVT	F	0.2%
CNA	B	0.2%
ALLY	C	0.2%
KMX	B	0.2%
JAZZ	B	0.2%
COTY	F	0.19%
RIVN	D	0.19%
PAG	B	0.19%
AR	B	0.19%
RHI	C	0.18%
UPST	B	0.18%
BG	F	0.18%
UNM	A	0.18%
AA	A	0.18%
TOL	A	0.18%
COKE	C	0.17%
ARW	D	0.17%
AEO	F	0.17%
IAC	D	0.17%
JWN	A	0.17%
TAP	C	0.17%
ADTN	B	0.17%
LKQ	D	0.17%
FLS	A	0.17%
SIG	B	0.16%
ALIT	C	0.16%
BWA	C	0.16%
NI	A	0.16%
NOV	C	0.16%
PVH	C	0.16%
WHR	B	0.16%
ZI	C	0.16%
BEN	C	0.16%
WFRD	F	0.15%
X	C	0.15%
CLF	F	0.15%
LAD	B	0.15%
GL	C	0.15%
DXC	B	0.15%
URBN	C	0.15%
ASO	F	0.15%
FRSH	C	0.15%
SANM	B	0.15%
XRAY	F	0.14%
SLAB	D	0.14%
EVRG	A	0.14%
ORI	A	0.14%
AGR	B	0.14%
FHN	B	0.14%
CIVI	D	0.13%
INGR	B	0.13%
CXT	B	0.13%
WBD	C	0.13%
SON	D	0.13%
MUR	F	0.12%
ALKS	B	0.12%
CPRI	F	0.1%
LCID	F	0.09%
MGM	F	0.08%
BYD	B	0.05%
DLB	B	0.05%

NXTV Underweight 115 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	A	-2.02%
WMT	B	-1.93%
MSI	C	-1.89%
CSCO	A	-1.58%
WM	A	-1.5%
MCK	C	-1.43%
ROP	B	-1.33%
RSG	A	-1.21%
MRK	F	-1.06%
JNJ	D	-1.06%
COR	C	-1.05%
PEP	F	-1.05%
VRTX	D	-1.04%
MCD	D	-0.98%
BRK.A	B	-0.92%
MMC	A	-0.9%
CB	D	-0.87%
PG	A	-0.86%
PGR	A	-0.86%
DUK	C	-0.83%
UNH	B	-0.82%
SO	D	-0.8%
IBM	C	-0.77%
AZO	C	-0.75%
NOC	D	-0.75%
MSFT	D	-0.73%
WEC	A	-0.7%
GDDY	B	-0.68%
EA	C	-0.63%
GIS	D	-0.61%
ORLY	B	-0.61%
V	A	-0.59%
ACGL	D	-0.57%
REGN	F	-0.57%
CBOE	B	-0.57%
K	A	-0.56%
APH	B	-0.55%
ORCL	C	-0.55%
ABBV	D	-0.51%
FI	A	-0.5%
LLY	F	-0.49%
CHD	B	-0.47%
GILD	B	-0.46%
KEYS	B	-0.45%
HSY	F	-0.43%
ELV	F	-0.41%
WCN	A	-0.4%
UTHR	C	-0.38%
FFIV	A	-0.37%
TJX	A	-0.37%
BAH	F	-0.36%
CL	D	-0.36%
AON	A	-0.36%
CHT	C	-0.36%
KDP	D	-0.35%
AMGN	D	-0.34%
AJG	A	-0.34%
VRSN	F	-0.34%
KMB	C	-0.32%
NBIX	C	-0.32%
GEN	A	-0.3%
BRO	B	-0.3%
ERIE	D	-0.28%
AKAM	F	-0.28%
SJM	D	-0.27%
CF	B	-0.26%
BMY	B	-0.25%
ACN	B	-0.25%
CME	A	-0.24%
CI	D	-0.24%
MDLZ	F	-0.24%
MFG	B	-0.23%
LMT	D	-0.23%
YUM	B	-0.23%
HRL	D	-0.23%
FWONK	A	-0.22%
BDX	F	-0.22%
PTC	A	-0.22%
CTSH	B	-0.21%
ROL	B	-0.21%
DPZ	C	-0.2%
MA	B	-0.19%
BMRN	F	-0.19%
JKHY	D	-0.19%
GD	F	-0.18%
CAH	B	-0.18%
CMS	C	-0.17%
LNG	B	-0.16%
MPC	F	-0.15%
DGX	B	-0.15%
ULTA	F	-0.14%
TPL	B	-0.13%
WIT	A	-0.12%
MNST	B	-0.12%
FICO	B	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
MOH	F	-0.11%
XEL	A	-0.11%
NEM	F	-0.1%
WTW	B	-0.1%
WDAY	C	-0.1%
XOM	C	-0.1%
ABT	B	-0.1%
TRGP	B	-0.08%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
CHRW	C	-0.06%
FANG	F	-0.06%
CAG	D	-0.05%
HOLX	D	-0.05%
KO	D	-0.05%