NXTV vs. USMF ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to WisdomTree U.S. Multifactor Fund (USMF)

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

USMF

WisdomTree U.S. Multifactor Fund

USMF Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is generally comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors (value and quality measures) and two technical factors (momentum and correlation). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.37

Average Daily Volume

25,306

Number of Holdings ^*

199

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	USMF
30 Days	5.48%	6.39%
60 Days	5.83%	7.88%
90 Days	10.13%	8.72%
12 Months		32.34%

47 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in USMF	Overlap
ACI	C	0.49%	0.36%	0.36%
ADTN	A	0.17%	0.4%	0.17%
AIG	B	0.75%	0.34%	0.34%
AIZ	A	0.16%	0.36%	0.16%
ALL	A	0.74%	0.36%	0.36%
CACI	D	0.53%	0.43%	0.43%
CINF	A	0.33%	0.36%	0.33%
CMCSA	B	5.48%	0.93%	0.93%
CNA	B	0.2%	0.35%	0.2%
CNC	D	0.48%	0.25%	0.25%
DBX	B	0.34%	1.02%	0.34%
DINO	D	0.18%	0.25%	0.18%
EBAY	D	1.1%	0.68%	0.68%
ETR	B	0.32%	0.4%	0.32%
EXEL	B	0.27%	0.43%	0.27%
EXPE	B	0.36%	0.53%	0.36%
FCNCA	A	0.71%	0.28%	0.28%
FDX	B	1.15%	0.26%	0.26%
FOXA	B	0.83%	1.09%	0.83%
GAP	C	0.37%	0.35%	0.35%
GL	B	0.15%	0.14%	0.14%
GM	B	1.04%	0.63%	0.63%
HPQ	B	1.47%	0.93%	0.93%
INGR	B	0.13%	0.4%	0.13%
JNPR	F	0.54%	1.0%	0.54%
KHC	F	0.62%	0.26%	0.26%
KR	B	1.77%	0.34%	0.34%
L	A	0.27%	0.39%	0.27%
MKL	A	0.34%	0.33%	0.33%
MRO	B	0.39%	0.35%	0.35%
NTAP	C	0.98%	0.79%	0.79%
ORI	A	0.14%	0.35%	0.14%
PCG	A	0.46%	0.31%	0.31%
RGA	A	0.22%	0.34%	0.22%
SNX	C	0.42%	1.17%	0.42%
SYF	B	0.34%	0.32%	0.32%
SYY	B	0.57%	0.31%	0.31%
T	A	5.05%	1.05%	1.05%
TAP	C	0.17%	0.32%	0.17%
TRV	B	0.83%	0.37%	0.37%
UNM	A	0.18%	0.38%	0.18%
VICI	C	0.85%	0.31%	0.31%
VTRS	A	0.42%	0.32%	0.32%
VZ	C	4.68%	0.87%	0.87%
WRB	A	0.34%	0.33%	0.33%
ZBH	C	0.64%	0.38%	0.38%
ZM	B	0.96%	1.07%	0.96%

NXTV Overweight 147 Positions Relative to USMF

Symbol	Grade	Weight
PFE	D	4.63%
INTC	D	3.52%
DELL	C	3.41%
C	A	1.95%
CVS	D	1.08%
HPE	B	1.06%
COF	B	0.96%
WDC	D	0.92%
BBY	D	0.91%
GFS	C	0.91%
MET	A	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	C	0.75%
EL	F	0.74%
NWS	B	0.72%
F	C	0.72%
DD	D	0.69%
PRU	A	0.67%
NUE	C	0.67%
CTVA	C	0.62%
DLTR	F	0.61%
LEN	D	0.6%
ILMN	D	0.58%
MRNA	F	0.57%
TWLO	A	0.55%
HUM	C	0.55%
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%
INCY	C	0.41%
ADM	D	0.4%
PPG	F	0.39%
EQT	B	0.39%
UAL	A	0.39%
RS	B	0.38%
EXC	C	0.38%
FYBR	D	0.37%
CIEN	B	0.36%
ED	D	0.36%
SOLV	C	0.35%
FLEX	A	0.35%
LUV	C	0.34%
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%
ARE	D	0.28%
SWK	D	0.28%
OVV	B	0.27%
HSIC	B	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%
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%
JLL	D	0.2%
ELAN	D	0.2%
CLVT	F	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%
AA	B	0.18%
TOL	B	0.18%
COKE	C	0.17%
ARW	D	0.17%
AEO	F	0.17%
IAC	D	0.17%
JWN	C	0.17%
LKQ	D	0.17%
FLS	B	0.17%
SIG	B	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%
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%
AGR	B	0.14%
FHN	A	0.14%
CIVI	D	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 152 Positions Relative to USMF

Symbol	Grade	Weight
APP	B	-1.61%
MSI	B	-1.52%
GDDY	A	-1.49%
VRSN	F	-1.43%
CTSH	B	-1.38%
ROP	B	-1.35%
TDY	B	-1.34%
IBM	C	-1.32%
FFIV	B	-1.31%
TMUS	B	-1.29%
TYL	B	-1.12%
EA	A	-1.11%
FICO	B	-1.08%
GEN	B	-1.03%
DOCU	A	-1.02%
CVLT	B	-1.01%
CRM	B	-0.99%
AKAM	D	-0.96%
DT	C	-0.92%
NYT	C	-0.88%
FTNT	C	-0.88%
TJX	A	-0.85%
DIS	B	-0.82%
ORLY	B	-0.82%
TXRH	C	-0.81%
WDAY	B	-0.81%
DRI	B	-0.79%
EPAM	C	-0.76%
IPG	D	-0.75%
MUSA	A	-0.74%
AZO	C	-0.73%
LVS	C	-0.7%
ARMK	B	-0.69%
INFA	D	-0.66%
NTNX	A	-0.64%
HRB	D	-0.6%
LDOS	C	-0.52%
CRUS	D	-0.5%
COR	B	-0.49%
FSLR	F	-0.48%
MCK	B	-0.46%
ECL	D	-0.45%
EHC	B	-0.44%
CAH	B	-0.44%
AMP	A	-0.43%
XOM	B	-0.43%
GILD	C	-0.43%
HOLX	D	-0.42%
EOG	A	-0.42%
WM	A	-0.42%
BSX	B	-0.42%
FI	A	-0.42%
JNJ	D	-0.42%
ADP	B	-0.41%
UTHR	C	-0.41%
DGX	A	-0.41%
RSG	A	-0.4%
ABT	B	-0.4%
IBKR	A	-0.4%
RJF	A	-0.4%
COP	C	-0.4%
LMT	D	-0.4%
BR	A	-0.39%
JPM	A	-0.39%
DOV	A	-0.39%
ANF	C	-0.39%
HIG	B	-0.39%
WFC	A	-0.39%
GPK	C	-0.38%
LH	C	-0.38%
VRSK	A	-0.38%
CME	A	-0.37%
BRK.A	B	-0.37%
PPC	C	-0.37%
ABBV	D	-0.37%
PCAR	B	-0.37%
ALSN	B	-0.37%
CCK	C	-0.37%
CHE	D	-0.37%
BRO	B	-0.36%
LHX	C	-0.36%
SSNC	B	-0.36%
BMY	B	-0.36%
RLI	B	-0.36%
AFL	B	-0.35%
PRI	A	-0.35%
WMT	A	-0.35%
PGR	A	-0.35%
VOYA	B	-0.35%
J	F	-0.34%
MO	A	-0.34%
AXP	A	-0.34%
OGE	B	-0.34%
BERY	B	-0.34%
EME	C	-0.34%
MSA	D	-0.34%
MRK	F	-0.34%
MLI	C	-0.34%
CBOE	B	-0.33%
NTRS	A	-0.33%
HAL	C	-0.33%
PG	A	-0.32%
MTB	A	-0.32%
EWBC	A	-0.32%
VLO	C	-0.32%
ELS	C	-0.32%
GLPI	C	-0.32%
DE	A	-0.31%
NNN	D	-0.31%
KMB	D	-0.31%
HCA	F	-0.31%
DVN	F	-0.31%
UHS	D	-0.31%
TMO	F	-0.31%
BAH	F	-0.31%
CBSH	A	-0.31%
ELV	F	-0.3%
SAIC	F	-0.3%
FRT	B	-0.3%
POST	C	-0.3%
REYN	D	-0.3%
PNW	B	-0.3%
DUK	C	-0.3%
LPX	B	-0.29%
RYAN	B	-0.29%
SFM	A	-0.29%
MPC	D	-0.29%
MTG	C	-0.29%
CRS	A	-0.29%
CL	D	-0.29%
THC	D	-0.28%
CI	F	-0.28%
MAS	D	-0.28%
REGN	F	-0.28%
EIX	B	-0.28%
AEP	D	-0.27%
GIS	D	-0.27%
WPC	D	-0.27%
DVA	B	-0.27%
CAG	D	-0.26%
NBIX	C	-0.25%
FCN	D	-0.24%
PYPL	B	-0.23%
HALO	F	-0.23%
PAYC	B	-0.23%
HII	D	-0.23%
AMT	D	-0.22%
APA	D	-0.22%
MMM	D	-0.21%
BMRN	D	-0.2%
FMC	D	-0.18%
LNTH	D	-0.13%