NXTV vs. FVAL ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to Fidelity Value Factor ETF (FVAL)

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

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	FVAL
30 Days	5.48%	3.33%
60 Days	5.83%	5.59%
90 Days	10.13%	6.82%
12 Months		28.35%

36 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in FVAL	Overlap
ACI	C	0.49%	0.34%	0.34%
ADM	D	0.4%	0.35%	0.35%
ARE	D	0.28%	0.16%	0.16%
BG	F	0.18%	0.32%	0.18%
C	A	1.95%	0.74%	0.74%
CIVI	D	0.13%	0.13%	0.13%
CLF	F	0.15%	0.11%	0.11%
CMCSA	B	5.48%	0.61%	0.61%
CNC	D	0.48%	0.54%	0.48%
COF	B	0.96%	0.72%	0.72%
CVS	D	1.08%	0.71%	0.71%
EBAY	D	1.1%	0.51%	0.51%
EG	C	0.24%	0.5%	0.24%
EXC	C	0.38%	0.26%	0.26%
EXPE	B	0.36%	0.66%	0.36%
F	C	0.72%	0.51%	0.51%
FDX	B	1.15%	0.48%	0.48%
GM	B	1.04%	0.67%	0.67%
HPE	B	1.06%	0.81%	0.81%
INTC	D	3.52%	0.77%	0.77%
JLL	D	0.2%	0.17%	0.17%
KR	B	1.77%	0.43%	0.43%
M	D	0.2%	0.39%	0.2%
MUR	D	0.12%	0.13%	0.12%
NUE	C	0.67%	0.19%	0.19%
PCG	A	0.46%	0.29%	0.29%
PRU	A	0.67%	0.56%	0.56%
RHI	B	0.18%	0.44%	0.18%
RNR	C	0.21%	0.54%	0.21%
SYF	B	0.34%	0.67%	0.34%
T	A	5.05%	0.62%	0.62%
TRV	B	0.83%	0.68%	0.68%
UAL	A	0.39%	0.84%	0.39%
VICI	C	0.85%	0.2%	0.2%
VZ	C	4.68%	0.61%	0.61%
ZM	B	0.96%	0.98%	0.96%

NXTV Overweight 158 Positions Relative to FVAL

Symbol	Grade	Weight
PFE	D	4.63%
DELL	C	3.41%
HPQ	B	1.47%
NTAP	C	0.98%
WDC	D	0.92%
BBY	D	0.91%
GFS	C	0.91%
FOXA	B	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	A	0.74%
NWS	B	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%
MRNA	F	0.57%
TWLO	A	0.55%
HUM	C	0.55%
JNPR	F	0.54%
CACI	D	0.53%
BAX	D	0.53%
SRE	A	0.53%
D	C	0.5%
TPR	B	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	A	0.42%
INCY	C	0.41%
PPG	F	0.39%
EQT	B	0.39%
MRO	B	0.39%
RS	B	0.38%
FYBR	D	0.37%
GAP	C	0.37%
CIEN	B	0.36%
ED	D	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%
CINF	A	0.33%
ETR	B	0.32%
TSN	B	0.32%
PATH	C	0.31%
LEVI	F	0.3%
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%
SWK	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%
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%
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%
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%
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%
INGR	B	0.13%
CXT	B	0.13%
WBD	C	0.13%
SON	D	0.13%
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 88 Positions Relative to FVAL

Symbol	Grade	Weight
NVDA	C	-7.33%
AAPL	C	-6.68%
MSFT	F	-6.37%
AMZN	C	-3.88%
GOOGL	C	-3.72%
META	D	-2.55%
BRK.A	B	-2.07%
JPM	A	-1.84%
UNH	C	-1.69%
CRM	B	-1.46%
V	A	-1.44%
JNJ	D	-1.31%
HD	A	-1.22%
ACN	C	-1.15%
XOM	B	-1.14%
BAC	A	-1.13%
ABBV	D	-1.11%
IBM	C	-1.09%
WFC	A	-1.08%
PG	A	-1.08%
WMT	A	-1.07%
MRK	F	-1.01%
QCOM	F	-1.0%
BMY	B	-0.98%
GILD	C	-0.97%
BKNG	A	-0.87%
MU	D	-0.85%
MCD	D	-0.84%
AXP	A	-0.83%
CI	F	-0.81%
CAT	B	-0.77%
CTSH	B	-0.76%
DFS	B	-0.68%
HON	B	-0.68%
ELV	F	-0.67%
CVX	A	-0.67%
DAL	C	-0.64%
ADP	B	-0.64%
RPRX	D	-0.61%
UNP	C	-0.61%
DE	A	-0.59%
SWKS	F	-0.56%
JXN	C	-0.56%
LMT	D	-0.56%
LVS	C	-0.55%
UPS	C	-0.55%
MO	A	-0.55%
LIN	D	-0.53%
PCAR	B	-0.53%
KVUE	A	-0.52%
CMI	A	-0.52%
OZK	B	-0.51%
WYNN	D	-0.5%
MMM	D	-0.5%
G	B	-0.49%
TGT	F	-0.48%
NEE	D	-0.46%
OC	A	-0.42%
KMB	D	-0.41%
COP	C	-0.4%
AGCO	D	-0.38%
DUK	C	-0.34%
PLD	D	-0.32%
EOG	A	-0.31%
PARA	C	-0.28%
SPG	B	-0.27%
ATKR	C	-0.26%
NRG	B	-0.26%
AEP	D	-0.26%
PSA	D	-0.25%
FCX	D	-0.24%
MPC	D	-0.24%
O	D	-0.23%
CBRE	B	-0.23%
VLO	C	-0.22%
NFG	A	-0.2%
NEM	D	-0.19%
BXP	D	-0.18%
DVN	F	-0.18%
CF	B	-0.18%
STLD	B	-0.18%
UGI	A	-0.18%
HST	C	-0.17%
WPC	D	-0.16%
GLPI	C	-0.16%
DOW	F	-0.16%
LYB	F	-0.15%
MOS	F	-0.13%