NXTV vs. CVSE ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to Calvert US Select Equity ETF (CVSE)

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

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.50

Average Daily Volume

945

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	CVSE
30 Days	5.48%	2.61%
60 Days	5.83%	4.06%
90 Days	10.13%	5.46%
12 Months		30.71%

27 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in CVSE	Overlap
BBY	D	0.91%	0.24%	0.24%
CFG	B	0.3%	0.55%	0.3%
CIEN	B	0.36%	0.05%	0.05%
COF	B	0.96%	0.47%	0.47%
DELL	C	3.41%	0.19%	0.19%
EBAY	D	1.1%	0.36%	0.36%
ED	D	0.36%	0.49%	0.36%
EL	F	0.74%	0.22%	0.22%
GAP	C	0.37%	0.11%	0.11%
GM	B	1.04%	1.04%	1.04%
GPC	D	0.28%	0.09%	0.09%
HPE	B	1.06%	0.55%	0.55%
HPQ	B	1.47%	0.27%	0.27%
HUM	C	0.55%	0.45%	0.45%
INTC	D	3.52%	0.26%	0.26%
JLL	D	0.2%	0.43%	0.2%
MET	A	0.83%	1.14%	0.83%
MRNA	F	0.57%	0.02%	0.02%
NUE	C	0.67%	0.61%	0.61%
PFE	D	4.63%	0.27%	0.27%
PRU	A	0.67%	0.76%	0.67%
RHI	B	0.18%	0.04%	0.04%
SWK	D	0.28%	0.09%	0.09%
TPR	B	0.48%	0.2%	0.2%
TRV	B	0.83%	0.72%	0.72%
TWLO	A	0.55%	0.12%	0.12%
VZ	C	4.68%	0.9%	0.9%

NXTV Overweight 167 Positions Relative to CVSE

Symbol	Grade	Weight
CMCSA	B	5.48%
T	A	5.05%
C	A	1.95%
KR	B	1.77%
FDX	B	1.15%
CVS	D	1.08%
NTAP	C	0.98%
ZM	B	0.96%
WDC	D	0.92%
GFS	C	0.91%
VICI	C	0.85%
FOXA	B	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	C	0.75%
AIG	B	0.75%
ALL	A	0.74%
NWS	B	0.72%
F	C	0.72%
FCNCA	A	0.71%
DD	D	0.69%
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%
JNPR	F	0.54%
CACI	D	0.53%
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%
SNX	C	0.42%
VTRS	A	0.42%
INCY	C	0.41%
ADM	D	0.4%
PPG	F	0.39%
EQT	B	0.39%
UAL	A	0.39%
MRO	B	0.39%
RS	B	0.38%
EXC	C	0.38%
FYBR	D	0.37%
EXPE	B	0.36%
SOLV	C	0.35%
FLEX	A	0.35%
WRB	A	0.34%
DBX	B	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%
LEVI	F	0.3%
FTI	A	0.3%
PFG	D	0.29%
CRBG	B	0.29%
BILL	A	0.29%
PEGA	A	0.29%
ARE	D	0.28%
EXEL	B	0.27%
OVV	B	0.27%
HSIC	B	0.27%
L	A	0.27%
U	C	0.27%
DDS	B	0.27%
AMKR	D	0.26%
TXT	D	0.26%
BIO	D	0.26%
EG	C	0.24%
BLDR	D	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	B	0.22%
RGA	A	0.22%
USM	B	0.22%
SNA	A	0.22%
EQH	B	0.22%
AIT	A	0.22%
KD	B	0.22%
CNH	C	0.21%
RPM	A	0.21%
CPB	D	0.21%
W	F	0.21%
ROKU	D	0.21%
RNR	C	0.21%
M	D	0.2%
JEF	A	0.2%
ELAN	D	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	F	0.19%
PAG	B	0.19%
AR	B	0.19%
UPST	B	0.18%
BG	F	0.18%
UNM	A	0.18%
AA	B	0.18%
TOL	B	0.18%
DINO	D	0.18%
COKE	C	0.17%
ARW	D	0.17%
AEO	F	0.17%
IAC	D	0.17%
JWN	C	0.17%
TAP	C	0.17%
ADTN	A	0.17%
LKQ	D	0.17%
FLS	B	0.17%
SIG	B	0.16%
AIZ	A	0.16%
ALIT	C	0.16%
BWA	D	0.16%
NI	A	0.16%
NOV	C	0.16%
PVH	C	0.16%
WHR	B	0.16%
ZI	D	0.16%
BEN	C	0.16%
WFRD	D	0.15%
X	C	0.15%
CLF	F	0.15%
LAD	A	0.15%
GL	B	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	A	0.14%
CIVI	D	0.13%
INGR	B	0.13%
CXT	B	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%
BYD	C	0.05%
DLB	B	0.05%

NXTV Underweight 151 Positions Relative to CVSE

Symbol	Grade	Weight
NVDA	C	-7.98%
MSFT	F	-7.68%
AAPL	C	-6.81%
LLY	F	-2.63%
SPGI	C	-2.01%
ACN	C	-1.81%
MRK	F	-1.73%
PH	A	-1.66%
NFLX	A	-1.55%
MA	C	-1.54%
V	A	-1.44%
ETN	A	-1.42%
HD	A	-1.33%
DIS	B	-1.24%
VRSK	A	-1.21%
CMI	A	-1.11%
NOW	A	-1.11%
CRM	B	-1.09%
PGR	A	-1.06%
ICE	C	-1.0%
CAT	B	-0.94%
GIS	D	-0.91%
AXP	A	-0.88%
ADP	B	-0.84%
TT	A	-0.84%
BSX	B	-0.82%
CSCO	B	-0.75%
LOW	D	-0.75%
AMGN	D	-0.73%
INTU	C	-0.7%
TFC	A	-0.7%
ECL	D	-0.69%
AMAT	F	-0.69%
CBRE	B	-0.69%
URI	B	-0.68%
AWK	D	-0.67%
ADBE	C	-0.67%
OMC	C	-0.65%
LIN	D	-0.64%
ES	D	-0.64%
PLD	D	-0.63%
AMT	D	-0.63%
SCHW	B	-0.62%
SHW	A	-0.61%
ITW	B	-0.58%
TGT	F	-0.56%
DFS	B	-0.55%
AMD	F	-0.52%
DE	A	-0.52%
TXN	C	-0.48%
EMR	A	-0.47%
CDNS	B	-0.43%
BMY	B	-0.41%
BALL	D	-0.4%
SJM	D	-0.4%
STT	A	-0.4%
NDAQ	A	-0.4%
RMD	C	-0.38%
TJX	A	-0.37%
LULU	C	-0.36%
ADSK	A	-0.36%
STE	F	-0.36%
MU	D	-0.35%
FITB	A	-0.35%
DHR	F	-0.35%
MKC	D	-0.34%
GILD	C	-0.34%
PYPL	B	-0.32%
DRI	B	-0.31%
ROK	B	-0.31%
A	D	-0.31%
HUBS	A	-0.31%
QCOM	F	-0.3%
CLX	B	-0.3%
IDXX	F	-0.3%
MORN	B	-0.3%
ULTA	F	-0.29%
EW	C	-0.29%
HBAN	A	-0.28%
HOLX	D	-0.28%
WDAY	B	-0.28%
TSCO	D	-0.28%
MOS	F	-0.28%
PNR	A	-0.26%
IPG	D	-0.26%
HAS	D	-0.26%
ALNY	D	-0.25%
NKE	D	-0.25%
PRI	A	-0.24%
MTN	C	-0.23%
DAR	C	-0.23%
MSA	D	-0.22%
SNPS	B	-0.22%
EXPD	D	-0.22%
BFAM	D	-0.21%
MSI	B	-0.21%
HIG	B	-0.21%
VRTX	F	-0.2%
WSM	B	-0.2%
DECK	A	-0.2%
KLAC	D	-0.19%
TROW	B	-0.19%
RF	A	-0.19%
FMC	D	-0.18%
EQR	B	-0.18%
WAT	B	-0.18%
CTAS	B	-0.18%
SCI	B	-0.18%
KNX	B	-0.18%
DVA	B	-0.17%
FIS	C	-0.16%
FCN	D	-0.16%
EXR	D	-0.15%
MTG	C	-0.15%
LRCX	F	-0.15%
PANW	C	-0.15%
AKAM	D	-0.14%
XYL	D	-0.14%
VTR	C	-0.14%
CNM	D	-0.14%
NEE	D	-0.11%
G	B	-0.11%
EXAS	D	-0.1%
SNOW	C	-0.1%
BXP	D	-0.1%
MSCI	C	-0.1%
REGN	F	-0.1%
EA	A	-0.1%
CHD	B	-0.1%
RL	B	-0.09%
PLNT	A	-0.09%
IQV	D	-0.09%
TTEK	F	-0.09%
VRSN	F	-0.08%
MAN	D	-0.08%
PODD	C	-0.08%
CSGP	D	-0.08%
PCTY	B	-0.08%
BRX	A	-0.06%
DKS	C	-0.06%
KEY	B	-0.06%
RKT	F	-0.06%
FICO	B	-0.05%
HST	C	-0.05%
LITE	B	-0.05%
VLTO	D	-0.05%
ON	D	-0.05%
FSLR	F	-0.04%
ETSY	D	-0.03%
CPRT	A	-0.03%
HXL	D	-0.03%