NXTV vs. ULVM ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to VictoryShares USAA MSCI USA Value Momentum ETF (ULVM)

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

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$86.63

Average Daily Volume

2,586

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	ULVM
30 Days	5.48%	6.04%
60 Days	5.83%	7.87%
90 Days	10.13%	10.00%
12 Months		37.10%

43 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in ULVM	Overlap
ADM	D	0.4%	0.44%	0.4%
AIG	B	0.75%	0.93%	0.75%
ALLY	C	0.2%	0.49%	0.2%
ARE	D	0.28%	0.58%	0.28%
BLDR	D	0.24%	0.42%	0.24%
C	A	1.95%	0.83%	0.83%
CFG	B	0.3%	0.67%	0.3%
CNC	D	0.48%	0.54%	0.48%
COF	B	0.96%	0.93%	0.93%
CRBG	B	0.29%	0.67%	0.29%
CVS	D	1.08%	0.56%	0.56%
DD	D	0.69%	0.68%	0.68%
DELL	C	3.41%	0.34%	0.34%
EQH	B	0.22%	0.93%	0.22%
ETR	B	0.32%	1.25%	0.32%
EXC	C	0.38%	0.85%	0.38%
F	C	0.72%	0.48%	0.48%
FCNCA	A	0.71%	0.69%	0.69%
FDX	B	1.15%	0.6%	0.6%
FOXA	B	0.83%	1.04%	0.83%
GM	B	1.04%	0.76%	0.76%
HPE	B	1.06%	0.59%	0.59%
HPQ	B	1.47%	0.6%	0.6%
INTC	D	3.52%	0.41%	0.41%
IP	B	0.47%	0.73%	0.47%
KHC	F	0.62%	0.83%	0.62%
KR	B	1.77%	1.0%	1.0%
L	A	0.27%	1.28%	0.27%
LEN	D	0.6%	0.55%	0.55%
MRNA	F	0.57%	0.16%	0.16%
NTAP	C	0.98%	0.57%	0.57%
PFE	D	4.63%	0.68%	0.68%
RGA	A	0.22%	0.87%	0.22%
SYF	B	0.34%	0.83%	0.34%
T	A	5.05%	1.07%	1.07%
TOL	B	0.18%	0.54%	0.18%
TSN	B	0.32%	0.89%	0.32%
TXT	D	0.26%	0.78%	0.26%
UAL	A	0.39%	0.89%	0.39%
VICI	C	0.85%	0.89%	0.85%
VTRS	A	0.42%	0.71%	0.42%
VZ	C	4.68%	0.88%	0.88%
WDC	D	0.92%	0.46%	0.46%

NXTV Overweight 151 Positions Relative to ULVM

Symbol	Grade	Weight
CMCSA	B	5.48%
EBAY	D	1.1%
ZM	B	0.96%
BBY	D	0.91%
GFS	C	0.91%
MET	A	0.83%
TRV	B	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	C	0.75%
EL	F	0.74%
ALL	A	0.74%
NWS	B	0.72%
PRU	A	0.67%
NUE	C	0.67%
ZBH	C	0.64%
CTVA	C	0.62%
DLTR	F	0.61%
ILMN	D	0.58%
SYY	B	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%
TPR	B	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%
MRO	B	0.39%
RS	B	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%
CINF	A	0.33%
PATH	C	0.31%
LEVI	F	0.3%
FTI	A	0.3%
PFG	D	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%
U	C	0.27%
DDS	B	0.27%
AMKR	D	0.26%
BIO	D	0.26%
EG	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	B	0.22%
USM	B	0.22%
SNA	A	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%
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%
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 82 Positions Relative to ULVM

Symbol	Grade	Weight
KMI	A	-1.42%
BRK.A	B	-1.39%
FI	A	-1.36%
BK	A	-1.23%
TRGP	B	-1.22%
LMT	D	-1.21%
WELL	A	-1.2%
WMT	A	-1.18%
BSX	B	-1.18%
PEG	A	-1.18%
GD	F	-1.17%
DUK	C	-1.16%
PKG	A	-1.13%
LDOS	C	-1.11%
JPM	A	-1.05%
WAB	B	-1.05%
SSNC	B	-1.03%
RTX	C	-1.03%
AVB	B	-0.99%
HIG	B	-0.99%
GDDY	A	-0.98%
GS	A	-0.98%
CTSH	B	-0.97%
APP	B	-0.95%
MCK	B	-0.95%
COST	B	-0.95%
WFC	A	-0.94%
BAC	A	-0.93%
DGX	A	-0.92%
DAL	C	-0.91%
AXP	A	-0.91%
MLM	B	-0.9%
NWSA	B	-0.9%
ESS	B	-0.88%
CI	F	-0.88%
LYB	F	-0.86%
SPG	B	-0.86%
GRMN	B	-0.85%
WY	D	-0.84%
KIM	A	-0.84%
IBM	C	-0.84%
DOW	F	-0.82%
APH	A	-0.82%
IR	B	-0.81%
EME	C	-0.79%
FITB	A	-0.78%
STLD	B	-0.78%
CBRE	B	-0.77%
CSL	C	-0.77%
IRM	D	-0.77%
NVR	D	-0.77%
TFC	A	-0.74%
GOOGL	C	-0.74%
KKR	A	-0.72%
REGN	F	-0.72%
OC	A	-0.72%
ELV	F	-0.71%
CASY	A	-0.71%
FANG	D	-0.7%
PSX	C	-0.7%
HCA	F	-0.7%
UTHR	C	-0.68%
GE	D	-0.67%
HWM	A	-0.64%
KEY	B	-0.63%
VLO	C	-0.62%
VST	B	-0.61%
PHM	D	-0.59%
MPC	D	-0.58%
MSTR	C	-0.58%
URI	B	-0.57%
THC	D	-0.56%
META	D	-0.53%
LLY	F	-0.51%
VRT	B	-0.49%
DHI	D	-0.47%
AVGO	D	-0.43%
NVDA	C	-0.42%
MU	D	-0.41%
SWKS	F	-0.39%
WSM	B	-0.39%
CVNA	B	-0.38%