PHEQ vs. NXTI ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to Simplify Next Intangible Core Index ETF (NXTI)

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.32

Average Daily Volume

19,681

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

NXTI

Simplify Next Intangible Core Index ETF

NXTI Description

NXTI targets US companies with relatively high intangible capital-to-book assets ratios 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 a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio 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. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$29.58

Average Daily Volume

463

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	NXTI
30 Days	1.16%	2.04%
60 Days	2.21%	4.90%
90 Days	3.39%	8.14%
12 Months	16.05%

55 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in NXTI	Overlap
ABNB	D	0.15%	0.53%	0.15%
ADBE	D	0.5%	3.13%	0.5%
ALGN	D	0.06%	0.57%	0.06%
ALNY	D	0.15%	1.08%	0.15%
APTV	F	0.15%	0.13%	0.13%
AXP	B	0.57%	0.76%	0.57%
BAH	D	0.15%	0.14%	0.14%
BKNG	A	0.39%	0.89%	0.39%
BRK.A	B	1.4%	4.21%	1.4%
BRO	B	0.31%	0.12%	0.12%
CSCO	B	0.8%	2.61%	0.8%
CTAS	B	0.44%	0.55%	0.44%
DASH	A	0.13%	0.38%	0.13%
DDOG	A	0.12%	0.49%	0.12%
DELL	B	0.15%	0.98%	0.15%
DKNG	B	0.08%	0.11%	0.08%
DOV	B	0.33%	0.12%	0.12%
EXPD	D	0.23%	0.13%	0.13%
HD	A	1.13%	1.62%	1.13%
HIG	B	0.33%	0.14%	0.14%
HUBS	B	0.15%	0.34%	0.15%
IBM	C	0.57%	2.41%	0.57%
ILMN	C	0.06%	0.14%	0.06%
K	B	0.34%	0.12%	0.12%
KMB	C	0.32%	0.33%	0.32%
KO	D	0.79%	1.34%	0.79%
LII	A	0.25%	0.13%	0.13%
LOW	C	0.57%	0.61%	0.57%
LRCX	F	0.31%	0.57%	0.31%
MA	B	1.15%	2.95%	1.15%
META	C	2.79%	5.27%	2.79%
MMM	D	0.44%	0.5%	0.44%
NET	B	0.07%	0.34%	0.07%
NOW	B	0.63%	2.2%	0.63%
OTIS	C	0.33%	0.17%	0.17%
PANW	B	0.3%	1.39%	0.3%
PEP	F	0.74%	1.03%	0.74%
PINS	F	0.03%	0.3%	0.03%
PLTR	A	0.32%	0.87%	0.32%
PPG	F	0.18%	0.13%	0.13%
PRU	B	0.36%	0.18%	0.18%
SNAP	D	0.05%	0.2%	0.05%
SPOT	B	0.18%	0.88%	0.18%
TEAM	A	0.06%	0.51%	0.06%
TRGP	A	0.45%	0.3%	0.3%
TRV	A	0.38%	0.21%	0.21%
TW	A	0.11%	0.1%	0.1%
UBER	F	0.28%	1.07%	0.28%
ULTA	F	0.24%	0.16%	0.16%
UNH	C	1.41%	2.22%	1.41%
WDAY	C	0.13%	0.84%	0.13%
WMT	A	0.96%	4.94%	0.96%
WSM	D	0.02%	0.16%	0.02%
XOM	B	1.4%	3.4%	1.4%
ZS	B	0.09%	0.31%	0.09%

PHEQ Overweight 148 Positions Relative to NXTI

Symbol	Grade	Weight
NVDA	A	7.38%
AAPL	C	6.78%
MSFT	D	6.62%
AMZN	B	4.2%
GOOGL	B	2.38%
GOOG	B	1.99%
TSLA	A	1.94%
AVGO	C	1.82%
JPM	A	1.68%
LLY	F	1.52%
V	A	1.27%
COST	A	1.09%
PG	C	1.06%
JNJ	D	1.03%
BAC	A	0.95%
ABBV	F	0.87%
CVX	A	0.8%
NFLX	A	0.79%
ORCL	A	0.75%
MRK	F	0.7%
LIN	D	0.67%
CRM	B	0.66%
T	A	0.66%
WFC	A	0.65%
TMO	F	0.62%
TXN	C	0.62%
LMT	D	0.61%
ABT	A	0.6%
ISRG	A	0.59%
CAT	C	0.56%
AMD	F	0.54%
TMUS	B	0.52%
UNP	D	0.52%
MDT	D	0.51%
BMY	A	0.5%
DIS	B	0.49%
AMGN	D	0.47%
KKR	A	0.47%
WM	B	0.45%
DE	C	0.43%
ETR	A	0.4%
MS	A	0.39%
DAL	A	0.39%
VRTX	D	0.38%
HWM	A	0.36%
KLAC	F	0.36%
RSG	A	0.35%
SCHW	A	0.34%
AVB	B	0.34%
MU	D	0.33%
BA	D	0.33%
YUM	D	0.33%
PPL	A	0.33%
QCOM	F	0.33%
LH	B	0.32%
LNT	A	0.32%
ROST	D	0.32%
CMS	C	0.31%
COR	B	0.31%
HBAN	B	0.31%
DTE	C	0.31%
EXR	C	0.31%
EQR	C	0.31%
DOC	D	0.3%
DRI	C	0.3%
PHM	D	0.3%
AEE	A	0.3%
APO	A	0.3%
AME	A	0.28%
PYPL	B	0.28%
SYF	B	0.27%
MAA	A	0.27%
CNP	A	0.27%
ARES	A	0.26%
MRVL	B	0.26%
GLW	B	0.26%
MELI	D	0.26%
URI	B	0.25%
FANG	D	0.25%
JBHT	C	0.25%
RMD	C	0.25%
CFG	B	0.25%
NDAQ	A	0.24%
NEM	D	0.23%
MRO	A	0.23%
L	A	0.23%
FE	C	0.23%
HEI	A	0.22%
LNG	A	0.22%
MKL	A	0.22%
LYB	F	0.22%
REGN	F	0.22%
AMCR	D	0.21%
SSNC	C	0.21%
MSTR	A	0.21%
ARE	F	0.21%
LULU	C	0.21%
PFG	C	0.2%
WRB	B	0.2%
CSL	C	0.19%
CPB	D	0.19%
ESS	A	0.19%
ZM	B	0.19%
TTD	B	0.19%
WBD	B	0.18%
HAL	C	0.17%
AKAM	F	0.17%
DVN	F	0.17%
CRWD	B	0.17%
CAG	F	0.17%
IFF	D	0.16%
MOH	F	0.15%
ON	F	0.15%
ZBH	C	0.14%
HEI	A	0.14%
NDSN	D	0.14%
COIN	A	0.13%
RBLX	B	0.13%
HUBB	B	0.13%
FCNCA	A	0.13%
SQ	A	0.12%
MGM	D	0.12%
IBKR	A	0.11%
STLD	B	0.11%
VEEV	C	0.11%
TRU	D	0.1%
VRT	A	0.1%
SUI	C	0.1%
DOX	D	0.09%
BLDR	D	0.08%
AGR	A	0.07%
SCCO	F	0.07%
YUMC	B	0.07%
SNOW	C	0.06%
AVTR	F	0.06%
LPLA	A	0.05%
CE	F	0.05%
OWL	A	0.05%
WLK	F	0.04%
OKTA	D	0.04%
RKT	F	0.04%
RPRX	F	0.04%
BSY	D	0.04%
CPNG	D	0.03%
SIRI	D	0.03%
ENPH	F	0.03%
WMG	C	0.02%
MRNA	F	0.01%

PHEQ Underweight 142 Positions Relative to NXTI

Symbol	Grade	Weight
INTU	B	-2.1%
IDXX	F	-1.28%
SNPS	C	-0.93%
NKE	F	-0.93%
MSI	B	-0.92%
HON	B	-0.9%
CDNS	B	-0.86%
AMAT	F	-0.81%
PM	A	-0.81%
UPS	C	-0.79%
FTNT	B	-0.75%
ADSK	B	-0.7%
BX	A	-0.69%
TGT	B	-0.68%
CL	D	-0.61%
PGR	B	-0.59%
GEV	A	-0.56%
FICO	B	-0.55%
TT	A	-0.55%
WMB	A	-0.51%
ITW	B	-0.5%
ORLY	B	-0.49%
ELV	F	-0.48%
CTSH	C	-0.48%
NTRA	A	-0.47%
EA	A	-0.47%
HPQ	B	-0.45%
D	C	-0.44%
MMC	D	-0.44%
FDX	B	-0.44%
INSM	C	-0.42%
SRPT	F	-0.42%
APP	A	-0.41%
INCY	C	-0.4%
PH	B	-0.4%
CI	D	-0.39%
SHW	C	-0.38%
NBIX	C	-0.38%
CDW	F	-0.37%
MPC	D	-0.37%
EBAY	D	-0.37%
KR	B	-0.37%
ECL	D	-0.36%
ED	C	-0.33%
CVS	F	-0.32%
HSIC	C	-0.31%
VST	A	-0.31%
PAYX	B	-0.31%
NTAP	C	-0.31%
CMI	A	-0.3%
GDDY	A	-0.29%
GWW	B	-0.29%
A	F	-0.29%
IOT	A	-0.28%
STX	D	-0.28%
PEN	B	-0.27%
AJG	B	-0.26%
EL	F	-0.26%
ITCI	B	-0.25%
MDB	C	-0.25%
IT	C	-0.25%
AFL	C	-0.25%
VLTO	C	-0.25%
SMMT	D	-0.23%
EXEL	B	-0.23%
IONS	F	-0.23%
BKR	B	-0.23%
ZBRA	B	-0.23%
NWS	A	-0.21%
INSP	F	-0.21%
BPMC	C	-0.21%
BBY	D	-0.21%
MTD	F	-0.21%
VMC	B	-0.21%
MNST	C	-0.21%
AIG	C	-0.2%
NTNX	B	-0.2%
MANH	D	-0.2%
AMP	A	-0.2%
ALL	A	-0.2%
CYTK	D	-0.2%
BBIO	F	-0.19%
DT	C	-0.19%
DD	D	-0.19%
PSTG	F	-0.19%
GIS	F	-0.18%
HUM	D	-0.18%
KEYS	C	-0.18%
TOST	A	-0.18%
ACGL	D	-0.17%
NRG	B	-0.17%
SYY	D	-0.17%
RARE	F	-0.16%
FAST	B	-0.16%
XYL	D	-0.16%
DOCU	B	-0.16%
JNPR	D	-0.16%
HSY	F	-0.16%
ROL	B	-0.16%
MDGL	C	-0.16%
AXSM	B	-0.15%
LYV	A	-0.15%
ALKS	C	-0.15%
BURL	A	-0.15%
CBRE	B	-0.15%
TER	F	-0.15%
WAT	C	-0.15%
CNC	F	-0.15%
GWRE	A	-0.15%
FFIV	B	-0.15%
EXPE	B	-0.14%
CLX	A	-0.14%
DUOL	A	-0.14%
NI	A	-0.14%
CORT	C	-0.14%
CACI	C	-0.14%
APLS	F	-0.13%
GPC	F	-0.13%
MTCH	F	-0.13%
RDDT	A	-0.13%
DECK	A	-0.13%
CVNA	A	-0.13%
APPF	C	-0.12%
DYN	F	-0.12%
WING	D	-0.12%
TSCO	D	-0.12%
AVY	D	-0.12%
GTLB	B	-0.11%
PCOR	C	-0.11%
RL	C	-0.11%
FOLD	F	-0.11%
TXT	D	-0.11%
NYT	D	-0.11%
DNLI	C	-0.11%
IOVA	F	-0.1%
RS	B	-0.1%
AMED	F	-0.1%
TGTX	B	-0.1%
ACI	C	-0.1%
CHWY	B	-0.09%
DLB	F	-0.04%
LNW	F	-0.04%