NXTV vs. SPDV ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to AAM S&P 500 High Dividend Value ETF (SPDV)

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

SPDV

AAM S&P 500 High Dividend Value ETF

SPDV Description

The investment seeks to track the total return performance, before fees and expenses, of the S&P 500 Dividend and Free Cash Flow Yield Index. The index is a rules-based, equal-weighted index that is designed to provide exposure to the constituents of the S&P 500® Index that exhibit both high dividend yield and sustainable dividend distribution characteristics, while maintaining diversified sector exposure. At least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in equity securities that (i) are included in the S&P 500 Index and (ii) have had a positive indicated annual dividend yield within the past year.

Grade (RS Rating)

Last Trade

$34.83

Average Daily Volume

3,148

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	SPDV
30 Days	5.48%	4.09%
60 Days	5.83%	5.48%
90 Days	10.13%	8.23%
12 Months		33.92%

18 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in SPDV	Overlap
ADM	D	0.4%	1.43%	0.4%
ARE	D	0.28%	1.51%	0.28%
BBY	D	0.91%	1.67%	0.91%
CMCSA	B	5.48%	1.9%	1.9%
CVS	D	1.08%	1.63%	1.08%
F	C	0.72%	1.32%	0.72%
HPE	B	1.06%	1.77%	1.06%
HPQ	B	1.47%	1.63%	1.47%
IP	B	0.47%	2.14%	0.47%
KHC	F	0.62%	1.57%	0.62%
LKQ	D	0.17%	1.41%	0.17%
SNA	A	0.22%	2.23%	0.22%
SWK	D	0.28%	1.66%	0.28%
T	A	5.05%	2.01%	2.01%
TAP	C	0.17%	1.9%	0.17%
TPR	B	0.48%	2.34%	0.48%
VTRS	A	0.42%	1.88%	0.42%
VZ	C	4.68%	1.79%	1.79%

NXTV Overweight 176 Positions Relative to SPDV

Symbol	Grade	Weight
PFE	D	4.63%
INTC	D	3.52%
DELL	C	3.41%
C	A	1.95%
KR	B	1.77%
FDX	B	1.15%
EBAY	D	1.1%
GM	B	1.04%
NTAP	C	0.98%
COF	B	0.96%
ZM	B	0.96%
WDC	D	0.92%
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%
FCNCA	A	0.71%
DD	D	0.69%
PRU	A	0.67%
NUE	C	0.67%
ZBH	C	0.64%
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%
ACI	C	0.49%
CNC	D	0.48%
PCG	A	0.46%
LBRDK	C	0.46%
CCL	B	0.45%
CTRA	B	0.45%
ALB	C	0.43%
SNX	C	0.42%
INCY	C	0.41%
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%
GAP	C	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%
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%
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%
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%
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%
JLL	D	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%
RHI	B	0.18%
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%
ADTN	A	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 36 Positions Relative to SPDV

Symbol	Grade	Weight
VST	B	-3.59%
WMB	A	-2.33%
KMI	A	-2.24%
BMY	B	-2.18%
CMI	A	-2.16%
NRG	B	-2.15%
CF	B	-2.12%
MMM	D	-2.08%
CSCO	B	-2.07%
KEY	B	-2.03%
GILD	C	-2.03%
SPG	B	-2.02%
BXP	D	-2.0%
WEC	A	-2.0%
IBM	C	-1.96%
HBAN	A	-1.96%
MO	A	-1.91%
USB	A	-1.9%
OMC	C	-1.84%
TFC	A	-1.78%
IVZ	B	-1.76%
HAS	D	-1.75%
DOC	D	-1.74%
CVX	A	-1.74%
AMCR	D	-1.73%
UPS	C	-1.72%
NEE	D	-1.71%
HST	C	-1.7%
IPG	D	-1.61%
ABBV	D	-1.6%
VLO	C	-1.59%
CAG	D	-1.52%
LYB	F	-1.45%
DOW	F	-1.38%
APA	D	-1.23%
SWKS	F	-1.23%