Simplify Next Intangible Core Index ETF (NXTI)

The Simplify Next Intangible Core Index ETF (NXTI) is an index-based equity fund from Simplify Asset Management. It tracks the Next Intangible Core Index, which seeks to tilt a broad U.S. large-company portfolio toward firms whose value is driven by intangible assets.

Intangible capital includes items such as research and development, brands, software, patents and organizational know-how, which traditional accounting often does not fully capture on the balance sheet. The index methodology adjusts company valuations to account for these assets when selecting and weighting holdings.