NXTV vs. WLDR ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to Affinity World Leaders Equity ETF (WLDR)

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

$28.04

Average Daily Volume

724

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

WLDR

Affinity World Leaders Equity ETF

WLDR Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the Thomson Reuters StarMine Affinity World Leaders Index (the index). The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities included in the index. The index is expected to consist of approximately 150 to 250 stocks of companies located in the U.S. and in at least three countries outside of the U.S. and may invest in up to 20 countries. It will be significantly invested in the securities of international companies in addition to securities of U.S. companies.

Grade (RS Rating)

Last Trade

$34.52

Average Daily Volume

3,491

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	WLDR
30 Days	1.66%	1.92%
60 Days	3.30%	3.92%
90 Days	7.00%	7.59%
12 Months		33.83%

23 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in WLDR	Overlap
ALL	A	0.74%	0.58%	0.58%
CCL	A	0.37%	0.77%	0.37%
CMCSA	B	5.15%	1.42%	1.42%
CNC	F	0.57%	0.53%	0.53%
DELL	C	3.21%	3.12%	3.12%
EBAY	D	1.22%	1.68%	1.22%
ETR	A	0.27%	0.4%	0.27%
EVRG	A	0.14%	0.35%	0.14%
EXC	C	0.39%	0.35%	0.35%
HPE	B	1.09%	2.96%	1.09%
KR	B	1.78%	0.89%	0.89%
LUV	B	0.32%	0.3%	0.3%
MKL	A	0.34%	0.56%	0.34%
NTAP	C	1.04%	2.79%	1.04%
PFE	F	4.65%	1.96%	1.96%
PPL	A	0.24%	0.36%	0.24%
RNR	C	0.22%	0.46%	0.22%
SWK	F	0.33%	0.69%	0.33%
TOL	B	0.19%	0.9%	0.19%
UAL	A	0.28%	0.41%	0.28%
VICI	C	0.87%	0.3%	0.3%
VTRS	A	0.41%	2.18%	0.41%
VZ	C	4.9%	1.31%	1.31%

NXTV Overweight 172 Positions Relative to WLDR

Symbol	Grade	Weight
T	A	4.84%
INTC	C	3.77%
C	B	1.86%
HPQ	B	1.46%
CVS	D	1.18%
FDX	B	1.13%
EL	F	1.05%
BBY	D	1.02%
GFS	C	0.98%
WDC	F	0.94%
GM	B	0.9%
ZM	B	0.88%
COF	B	0.87%
MET	A	0.86%
BIIB	F	0.85%
FOXA	B	0.82%
DG	F	0.79%
TRV	B	0.78%
DD	D	0.73%
F	C	0.73%
AIG	D	0.71%
NUE	D	0.7%
MRNA	F	0.69%
NWS	B	0.68%
FCNCA	A	0.67%
HUM	C	0.66%
PRU	B	0.65%
SNAP	D	0.65%
LEN	D	0.65%
DLTR	F	0.65%
KHC	F	0.64%
ZBH	C	0.63%
CTVA	C	0.59%
SYY	D	0.58%
BAX	F	0.56%
SRE	A	0.53%
JNPR	D	0.53%
ILMN	C	0.52%
ACI	C	0.49%
D	C	0.48%
CACI	D	0.47%
TPR	B	0.46%
PCG	A	0.44%
CTRA	B	0.44%
SNX	C	0.43%
LBRDK	C	0.43%
TWLO	A	0.43%
ALB	B	0.42%
ADM	D	0.42%
IP	A	0.41%
PPG	F	0.4%
GAP	D	0.39%
RS	B	0.38%
EQT	A	0.38%
MRO	A	0.37%
LEVI	F	0.37%
FYBR	C	0.36%
INCY	C	0.36%
ED	C	0.36%
CIEN	B	0.34%
DBX	C	0.33%
SOLV	F	0.33%
WRB	A	0.33%
EXPE	B	0.33%
GPC	F	0.33%
FLEX	A	0.33%
TSN	B	0.32%
AMKR	F	0.31%
PATH	C	0.31%
CINF	A	0.31%
U	C	0.3%
SYF	B	0.3%
CFG	B	0.29%
FTI	A	0.29%
PFG	C	0.29%
ARE	F	0.29%
DDS	B	0.28%
NSIT	F	0.28%
TXT	D	0.28%
BLDR	F	0.27%
L	A	0.27%
W	D	0.27%
HSIC	C	0.27%
BILL	A	0.26%
LUMN	C	0.26%
OVV	B	0.26%
CRBG	B	0.26%
PEGA	B	0.26%
FNF	D	0.25%
EG	C	0.25%
BIO	C	0.24%
ROKU	D	0.24%
SATS	D	0.23%
ELAN	D	0.23%
COTY	F	0.23%
CPB	D	0.22%
RGA	B	0.22%
KD	A	0.22%
AR	B	0.21%
CPRI	F	0.21%
DINO	D	0.21%
AIT	B	0.21%
CLVT	D	0.21%
KMX	C	0.21%
VFC	C	0.21%
JLL	D	0.2%
M	F	0.2%
PAG	C	0.2%
CNH	C	0.2%
EQH	B	0.2%
ALLY	C	0.2%
JAZZ	B	0.2%
CNA	C	0.2%
BG	D	0.2%
RIVN	F	0.2%
PFGC	B	0.2%
EXEL	B	0.2%
IAC	D	0.19%
JEF	A	0.19%
SNA	B	0.19%
AEO	F	0.19%
USM	B	0.19%
COKE	C	0.19%
RPM	B	0.19%
WCC	B	0.19%
TAP	C	0.18%
ARW	D	0.18%
SWN	C	0.18%
LKQ	F	0.18%
BWA	D	0.17%
JWN	D	0.17%
FLS	A	0.17%
AA	A	0.17%
RHI	C	0.17%
ADTN	B	0.17%
SIG	C	0.17%
ASO	F	0.17%
BEN	C	0.16%
XRAY	D	0.16%
AIZ	A	0.16%
PVH	D	0.16%
NOV	C	0.16%
URBN	D	0.16%
WHR	B	0.16%
ALIT	C	0.16%
UNM	A	0.16%
GL	C	0.15%
SANM	B	0.15%
ZI	C	0.15%
FRSH	C	0.15%
SLAB	F	0.15%
NI	A	0.15%
WFRD	F	0.15%
DXC	C	0.15%
LCID	F	0.14%
LAD	B	0.14%
ORI	A	0.14%
AGR	A	0.14%
CLF	F	0.14%
UPST	B	0.14%
FHN	B	0.13%
MUR	D	0.13%
CIVI	F	0.13%
INGR	B	0.13%
WBD	B	0.13%
CXT	C	0.13%
X	C	0.13%
ALKS	C	0.13%
SON	D	0.13%
MGM	D	0.08%
DLB	B	0.05%
BYD	B	0.04%

NXTV Underweight 50 Positions Relative to WLDR

Symbol	Grade	Weight
APP	B	-3.48%
AMAT	F	-2.91%
META	C	-2.91%
BURL	B	-2.66%
STX	D	-2.65%
CPNG	D	-2.48%
DOCU	B	-2.06%
CTSH	B	-1.92%
GEN	B	-1.91%
SSNC	C	-1.74%
DFS	B	-1.44%
RF	A	-1.32%
TROW	B	-1.31%
BK	B	-1.29%
BRK.A	B	-1.21%
OMC	D	-1.2%
TEVA	C	-1.06%
PM	A	-1.03%
VRT	A	-1.02%
BKR	A	-1.0%
WMB	A	-0.99%
MMM	D	-0.95%
OC	A	-0.95%
MO	A	-0.94%
LMT	D	-0.94%
USFD	A	-0.87%
FANG	C	-0.82%
BCS	A	-0.8%
RCL	A	-0.78%
CI	D	-0.7%
FI	A	-0.7%
THC	C	-0.66%
ELV	F	-0.64%
PYPL	B	-0.64%
HCA	F	-0.63%
UHS	D	-0.59%
LOGI	F	-0.54%
AER	B	-0.51%
GOLD	C	-0.49%
CF	A	-0.48%
EMN	D	-0.44%
VST	A	-0.41%
FIS	C	-0.4%
DAL	A	-0.38%
SPG	A	-0.36%
DOC	D	-0.29%
CPT	C	-0.29%
GLPI	C	-0.28%
PKG	A	-0.26%
NEM	D	-0.22%