NXTV vs. AFMC ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to Active Factor Mid Cap ETF (AFMC)

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

$28.86

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.31

Average Daily Volume

9,370

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	AFMC
30 Days	5.48%	7.36%
60 Days	5.83%	6.97%
90 Days	10.13%	8.83%
12 Months		41.05%

45 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in AFMC	Overlap
AEO	F	0.17%	0.12%	0.12%
AIT	A	0.22%	0.22%	0.22%
AIZ	A	0.16%	0.37%	0.16%
ARW	D	0.17%	0.34%	0.17%
ASO	F	0.15%	0.32%	0.15%
BLDR	D	0.24%	0.6%	0.24%
BWA	D	0.16%	0.21%	0.16%
BYD	C	0.05%	0.35%	0.05%
CACI	D	0.53%	0.76%	0.53%
CLF	F	0.15%	0.18%	0.15%
CNA	B	0.2%	0.24%	0.2%
COKE	C	0.17%	0.83%	0.17%
CXT	B	0.13%	0.04%	0.04%
DBX	B	0.34%	0.55%	0.34%
DDS	B	0.27%	0.38%	0.27%
DINO	D	0.18%	0.46%	0.18%
DXC	B	0.15%	0.18%	0.15%
EQH	B	0.22%	0.1%	0.1%
EXEL	B	0.27%	0.39%	0.27%
FHN	A	0.14%	0.31%	0.14%
GAP	C	0.37%	0.32%	0.32%
HSIC	B	0.27%	0.08%	0.08%
INCY	C	0.41%	0.32%	0.32%
INGR	B	0.13%	0.92%	0.13%
JAZZ	B	0.2%	0.39%	0.2%
JLL	D	0.2%	0.44%	0.2%
JWN	C	0.17%	0.19%	0.17%
L	A	0.27%	0.21%	0.21%
LEVI	F	0.3%	0.03%	0.03%
M	D	0.2%	0.15%	0.15%
NSIT	F	0.23%	0.11%	0.11%
NTAP	C	0.98%	0.59%	0.59%
ORI	A	0.14%	1.12%	0.14%
PVH	C	0.16%	0.41%	0.16%
RPM	A	0.21%	0.5%	0.21%
RS	B	0.38%	0.35%	0.35%
SANM	B	0.15%	0.52%	0.15%
SNA	A	0.22%	0.46%	0.22%
SNX	C	0.42%	0.57%	0.42%
TAP	C	0.17%	0.07%	0.07%
TOL	B	0.18%	1.48%	0.18%
TPR	B	0.48%	0.56%	0.48%
UNM	A	0.18%	0.9%	0.18%
WCC	B	0.23%	0.26%	0.23%
WFRD	D	0.15%	0.4%	0.15%

NXTV Overweight 149 Positions Relative to AFMC

Symbol	Grade	Weight
CMCSA	B	5.48%
T	A	5.05%
VZ	C	4.68%
PFE	D	4.63%
INTC	D	3.52%
DELL	C	3.41%
C	A	1.95%
KR	B	1.77%
HPQ	B	1.47%
FDX	B	1.15%
EBAY	D	1.1%
CVS	D	1.08%
HPE	B	1.06%
GM	B	1.04%
COF	B	0.96%
ZM	B	0.96%
WDC	D	0.92%
BBY	D	0.91%
GFS	C	0.91%
VICI	C	0.85%
FOXA	B	0.83%
MET	A	0.83%
TRV	B	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	C	0.75%
AIG	B	0.75%
EL	F	0.74%
ALL	A	0.74%
NWS	B	0.72%
F	C	0.72%
FCNCA	A	0.71%
DD	D	0.69%
PRU	A	0.67%
NUE	C	0.67%
ZBH	C	0.64%
KHC	F	0.62%
CTVA	C	0.62%
DLTR	F	0.61%
LEN	D	0.6%
ILMN	D	0.58%
SYY	B	0.57%
MRNA	F	0.57%
TWLO	A	0.55%
HUM	C	0.55%
JNPR	F	0.54%
BAX	D	0.53%
SRE	A	0.53%
D	C	0.5%
ACI	C	0.49%
CNC	D	0.48%
IP	B	0.47%
PCG	A	0.46%
LBRDK	C	0.46%
CCL	B	0.45%
CTRA	B	0.45%
ALB	C	0.43%
VTRS	A	0.42%
ADM	D	0.4%
PPG	F	0.39%
EQT	B	0.39%
UAL	A	0.39%
MRO	B	0.39%
EXC	C	0.38%
FYBR	D	0.37%
CIEN	B	0.36%
EXPE	B	0.36%
ED	D	0.36%
SOLV	C	0.35%
FLEX	A	0.35%
WRB	A	0.34%
LUV	C	0.34%
MKL	A	0.34%
SYF	B	0.34%
CINF	A	0.33%
ETR	B	0.32%
TSN	B	0.32%
PATH	C	0.31%
CFG	B	0.3%
FTI	A	0.3%
PFG	D	0.29%
CRBG	B	0.29%
BILL	A	0.29%
PEGA	A	0.29%
GPC	D	0.28%
ARE	D	0.28%
SWK	D	0.28%
OVV	B	0.27%
U	C	0.27%
AMKR	D	0.26%
TXT	D	0.26%
BIO	D	0.26%
EG	C	0.24%
PPL	B	0.24%
FNF	B	0.24%
VFC	C	0.23%
LUMN	C	0.23%
SATS	D	0.23%
PFGC	B	0.22%
RGA	A	0.22%
USM	B	0.22%
KD	B	0.22%
CNH	C	0.21%
CPB	D	0.21%
W	F	0.21%
ROKU	D	0.21%
RNR	C	0.21%
JEF	A	0.2%
ELAN	D	0.2%
CLVT	F	0.2%
ALLY	C	0.2%
KMX	B	0.2%
COTY	F	0.19%
RIVN	F	0.19%
PAG	B	0.19%
AR	B	0.19%
RHI	B	0.18%
UPST	B	0.18%
BG	F	0.18%
AA	B	0.18%
IAC	D	0.17%
ADTN	A	0.17%
LKQ	D	0.17%
FLS	B	0.17%
SIG	B	0.16%
ALIT	C	0.16%
NI	A	0.16%
NOV	C	0.16%
WHR	B	0.16%
ZI	D	0.16%
BEN	C	0.16%
X	C	0.15%
LAD	A	0.15%
GL	B	0.15%
URBN	C	0.15%
FRSH	C	0.15%
XRAY	F	0.14%
SLAB	D	0.14%
EVRG	A	0.14%
AGR	B	0.14%
CIVI	D	0.13%
WBD	C	0.13%
SON	D	0.13%
MUR	D	0.12%
ALKS	B	0.12%
CPRI	F	0.1%
LCID	F	0.09%
MGM	D	0.08%
DLB	B	0.05%

NXTV Underweight 199 Positions Relative to AFMC

Symbol	Grade	Weight
SFM	A	-1.95%
UTHR	C	-1.66%
EME	C	-1.3%
THC	D	-1.2%
AYI	B	-1.19%
MLI	C	-1.17%
ALSN	B	-1.14%
GDDY	A	-1.12%
KBH	D	-1.12%
MTG	C	-1.07%
FIX	A	-1.0%
NRG	B	-0.96%
VST	B	-0.95%
IDCC	A	-0.95%
TPL	A	-0.87%
ACT	D	-0.86%
IBOC	A	-0.86%
CSL	C	-0.82%
CW	B	-0.81%
TMHC	B	-0.8%
OC	A	-0.78%
HIW	D	-0.78%
ESNT	D	-0.78%
RDN	C	-0.75%
SF	B	-0.74%
JXN	C	-0.73%
LII	A	-0.73%
WSM	B	-0.71%
WBS	A	-0.71%
TXRH	C	-0.7%
CVLT	B	-0.69%
JBL	B	-0.69%
GLPI	C	-0.68%
CNM	D	-0.67%
FHI	A	-0.67%
G	B	-0.67%
FICO	B	-0.66%
ERIE	D	-0.64%
NXST	C	-0.62%
WPC	D	-0.62%
CMC	B	-0.61%
AMG	B	-0.61%
PRI	A	-0.59%
BRBR	A	-0.58%
MUSA	A	-0.58%
OHI	C	-0.58%
BERY	B	-0.57%
FFIV	B	-0.57%
EXP	A	-0.57%
PHM	D	-0.57%
CUZ	B	-0.56%
NFG	A	-0.55%
TGNA	B	-0.54%
SBRA	C	-0.53%
HRB	D	-0.53%
PSN	D	-0.53%
PPC	C	-0.53%
CRS	A	-0.52%
DECK	A	-0.51%
ACIW	B	-0.51%
HALO	F	-0.51%
NYT	C	-0.51%
ENS	D	-0.5%
CBSH	A	-0.5%
MTH	D	-0.49%
KMT	B	-0.49%
MEDP	D	-0.47%
CRUS	D	-0.47%
BCC	B	-0.46%
NVST	B	-0.46%
GMED	A	-0.46%
UHS	D	-0.46%
BTU	B	-0.45%
GHC	C	-0.45%
PK	B	-0.44%
ONTO	D	-0.44%
NTCT	C	-0.44%
HNI	B	-0.44%
PINC	B	-0.44%
AMR	C	-0.43%
AGCO	D	-0.42%
RGLD	C	-0.4%
CHE	D	-0.4%
GEF	A	-0.4%
MAN	D	-0.39%
HLI	B	-0.39%
LAMR	D	-0.39%
CHRD	D	-0.39%
SAIC	F	-0.38%
TEX	D	-0.38%
CDP	C	-0.38%
MOH	F	-0.37%
ANF	C	-0.37%
WSO	A	-0.37%
STLD	B	-0.36%
UFPI	B	-0.35%
ADC	B	-0.33%
CSWI	A	-0.33%
UGI	A	-0.33%
HWC	B	-0.33%
COLB	A	-0.33%
SSB	B	-0.31%
EPR	D	-0.31%
BDC	B	-0.3%
TTEK	F	-0.3%
APPF	B	-0.3%
DKS	C	-0.29%
CR	A	-0.29%
FSS	B	-0.29%
MANH	D	-0.28%
AVT	C	-0.28%
PBF	D	-0.28%
NVT	B	-0.27%
CHRW	C	-0.27%
LOPE	B	-0.27%
LNTH	D	-0.27%
EHC	B	-0.27%
RL	B	-0.27%
ATKR	C	-0.27%
NSA	D	-0.26%
WWD	B	-0.26%
OLN	D	-0.26%
ZD	C	-0.26%
MSM	C	-0.26%
JHG	A	-0.26%
CTRE	D	-0.26%
GPI	A	-0.25%
HOG	D	-0.25%
IBP	D	-0.25%
CATY	B	-0.25%
AN	C	-0.25%
LPX	B	-0.24%
ENSG	D	-0.24%
VMI	B	-0.24%
ESAB	B	-0.24%
TDC	D	-0.23%
NBIX	C	-0.22%
HST	C	-0.22%
CRVL	A	-0.21%
LEA	D	-0.21%
NAVI	C	-0.2%
OZK	B	-0.2%
NEU	C	-0.19%
HOMB	A	-0.19%
PRGO	B	-0.18%
SJM	D	-0.18%
ADNT	F	-0.18%
CRI	D	-0.18%
HPP	F	-0.17%
APLE	B	-0.17%
SM	B	-0.17%
CROX	D	-0.17%
NUS	D	-0.17%
ABG	B	-0.17%
ZION	B	-0.17%
VSH	D	-0.15%
ATR	B	-0.15%
CASY	A	-0.14%
CAH	B	-0.13%
BLD	D	-0.13%
OPCH	D	-0.12%
BOX	B	-0.11%
ELF	C	-0.11%
TPH	D	-0.11%
AOS	F	-0.1%
CUBE	D	-0.1%
EXLS	B	-0.1%
VNT	B	-0.1%
BPMC	C	-0.1%
GEN	B	-0.1%
LECO	B	-0.09%
ITRI	B	-0.09%
ITT	A	-0.09%
CPT	B	-0.09%
CNXC	F	-0.09%
AMN	F	-0.09%
ZETA	D	-0.08%
BRX	A	-0.08%
APA	D	-0.08%
OGN	D	-0.08%
ASGN	F	-0.08%
DCI	B	-0.08%
DOCS	C	-0.08%
HAE	C	-0.08%
WU	D	-0.07%
SKX	D	-0.07%
OSCR	D	-0.06%
PBH	A	-0.06%
PDCO	D	-0.06%
MMSI	B	-0.06%
SPSC	C	-0.05%
ACLS	F	-0.05%
AWI	A	-0.05%
DVA	B	-0.05%
BMI	B	-0.04%
IART	C	-0.02%
NNN	D	-0.0%
VRNS	D	-0.0%
PI	D	-0.0%