Simplify NEXT Intangible Value Index ETF
NXTV
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Apr 22, 2024
- CIK
- 0001810747
- Similar Companies
- Business
- Simplify Next Intangible Value Index ETF (NXTV) is a passively managed exchange-traded fund that seeks to track the performance, before fees and expenses, of the NEXT Intangible Value Index; the index selects approximately 200 U.S. companies from the top 2,000 by market capitalization exhibiting the lowest equity valuations relative to their intangible-adjusted book values within their respective sectors, with a minimum of five stocks per sector, a maximum 5% weight per stock at purchase, and quarterly reconstitution and rebalancing. Core holdings as of late 2024 included Comcast Corp (CMCSA), Verizon Communications Inc (VZ), AT&T Inc (T), Pfizer Inc (PFE), and Intel Corp (INTC), among others, focusing on large-cap U.S. equities in communication services, health care, technology, and consumer sectors characterized by asset-light models emphasizing intangible capital such as research and development, software, patents, and human capital. The ETF targets investors seeking exposure to undervalued stocks adjusted for intangibles, which academic research indicates have historically outperformed traditional price-to-book metrics; it maintains a net expense ratio of 0.25% and trades on the Cboe BZX Exchange. NXTV was launched on April 15, 2024, by Simplify Asset Management Inc., an investment adviser founded in 2020 and headquartered in New York, NY, which specializes in innovative ETFs providing alternative strategies including enhanced income, volatility premium, and equity-plus convexity products. Simplify Asset Management serves as the adviser, with The Bank of New York Mellon Corporation acting as administrator; the firm oversees approximately $10 billion in assets under management across its ETF lineup and operates primarily in the U.S. market without noted subsidiaries or parent relationships for this fund. In a major strategic change announced May 1, 2025, Simplify's Board of Trustees approved the liquidation of NXTV following a recommendation from the adviser, citing shareholder interests; trading ceased after market close on May 23, 2025, creation orders were halted prior, and shareholders received cash equal to net asset value on or about May 30, 2025, rendering the ETF defunct as of mid-2025. This closure aligned with Simplify's broader portfolio optimization, including the shuttering of three other ETFs around the same period; concurrently, in September 2025, Simplify entered a letter of intent with Streamex Corp. (NASDAQ: STEX) to explore strategic partnerships integrating tokenized yield-bearing gold and other commodities into future ETF/ETP structures, pending regulatory approval and definitive agreements. Prior to liquidation, NXTV delivered since-inception annualized NAV returns of approximately 11.60% through Q3 2024 and maintained assets under management of about $1.28 million.