HLAL vs. PFIX ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Simplify Interest Rate Hedge ETF (PFIX)

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.97

Average Daily Volume

67,695

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

PFIX

Simplify Interest Rate Hedge ETF

PFIX Description

The investment seeks to track the performance, before fees and expenses, of the SoFi Sustainable Dividend Index. The index follows a rules-based methodology that tracks the performance of the equity securities of publicly-traded, large- and mid-capitalization U.S. and non-U.S. companies in developed markets that are selected based on a set of dividend filters focused on dividend sustainability. The adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The fund will invest at least 80% its net assets in dividend paying securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.70

Average Daily Volume

48,713

Number of Holdings ^*

107

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	PFIX
30 Days	3.05%	0.75%
60 Days	3.45%	-12.28%
90 Days	2.98%	-12.53%
12 Months	25.60%	-16.14%

28 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in PFIX	Overlap
ADM	D	0.13%	0.22%	0.13%
ADP	C	0.51%	0.79%	0.51%
APD	B	0.3%	0.37%	0.3%
ATO	B	0.09%	0.11%	0.09%
CMI	B	0.2%	0.28%	0.2%
COP	F	0.56%	1.01%	0.56%
CSCO	B	0.97%	1.48%	0.97%
CVX	F	1.13%	2.06%	1.13%
FANG	F	0.15%	0.23%	0.15%
GPC	D	0.09%	0.14%	0.09%
GRMN	D	0.12%	0.13%	0.12%
IP	C	0.02%	0.09%	0.02%
JCI	B	0.23%	0.29%	0.23%
JNJ	C	1.76%	2.83%	1.76%
MDLZ	C	0.45%	0.76%	0.45%
NUE	D	0.16%	0.32%	0.16%
OMC	B	0.09%	0.13%	0.09%
PCAR	D	0.23%	0.42%	0.23%
PG	C	1.85%	2.82%	1.85%
PKG	B	0.09%	0.1%	0.09%
PLD	C	0.53%	0.91%	0.53%
PSX	F	0.25%	0.45%	0.25%
QCOM	D	0.85%	1.27%	0.85%
SNA	B	0.07%	0.1%	0.07%
TXN	B	0.85%	1.13%	0.85%
UPS	D	0.44%	0.81%	0.44%
VLO	F	0.19%	0.36%	0.19%
XOM	D	2.34%	3.19%	2.34%

HLAL Overweight 168 Positions Relative to PFIX

Symbol	Grade	Weight
AAPL	C	14.95%
MSFT	C	14.6%
META	B	5.66%
GOOGL	D	4.31%
GOOG	D	3.65%
TSLA	C	3.24%
MRK	F	1.32%
KO	B	1.26%
AMD	C	1.18%
CRM	C	1.17%
TMO	B	1.04%
LIN	B	1.04%
ADBE	F	1.04%
ABT	C	0.88%
NOW	C	0.83%
DHR	B	0.79%
ISRG	C	0.78%
PFE	D	0.75%
AMAT	D	0.75%
UBER	C	0.7%
TJX	C	0.61%
SYK	C	0.59%
BSX	B	0.56%
MDT	B	0.52%
ADI	C	0.51%
REGN	D	0.49%
PANW	D	0.48%
LRCX	D	0.48%
MU	D	0.48%
NKE	D	0.48%
KLAC	D	0.47%
INTC	D	0.46%
TT	B	0.4%
CEG	C	0.38%
SNPS	F	0.35%
WELL	C	0.35%
CDNS	D	0.34%
MMM	B	0.34%
CTAS	C	0.33%
GEV	B	0.32%
BDX	D	0.31%
CARR	B	0.3%
NEM	C	0.29%
MRVL	D	0.28%
MCK	F	0.28%
ROP	C	0.27%
EMR	D	0.27%
FDX	D	0.27%
SLB	F	0.27%
NXPI	D	0.27%
MPC	F	0.26%
ADSK	B	0.26%
DHI	C	0.25%
ROST	C	0.23%
PWR	B	0.2%
LEN	B	0.2%
KVUE	B	0.2%
TEL	D	0.2%
GWW	B	0.2%
A	C	0.19%
IDXX	D	0.19%
GEHC	B	0.19%
EW	F	0.18%
ODFL	D	0.18%
KDP	B	0.18%
CTVA	B	0.18%
FAST	C	0.18%
HES	F	0.17%
EA	D	0.17%
IR	B	0.17%
IT	C	0.17%
GLW	B	0.16%
RMD	C	0.16%
HPQ	C	0.16%
DD	B	0.16%
BKR	C	0.16%
VRT	C	0.16%
XYL	C	0.15%
EBAY	B	0.15%
DELL	C	0.15%
MLM	D	0.15%
VMC	C	0.15%
OXY	F	0.15%
PPG	C	0.14%
ON	D	0.14%
TSCO	B	0.14%
LULU	D	0.14%
WAB	B	0.14%
BIIB	F	0.13%
ANSS	D	0.13%
AXON	B	0.13%
PHM	B	0.13%
ROK	D	0.13%
HAL	F	0.12%
FSLR	C	0.12%
TTWO	D	0.12%
DOV	B	0.12%
CAH	C	0.12%
IFF	A	0.12%
FTV	C	0.12%
VLTO	B	0.12%
STE	B	0.11%
ICLR	F	0.11%
WY	C	0.11%
TYL	C	0.11%
LYB	D	0.11%
DVN	F	0.11%
NTAP	D	0.11%
CHD	C	0.11%
MKC	C	0.1%
EL	D	0.1%
ARE	C	0.1%
WDC	C	0.1%
ZBH	F	0.1%
WST	D	0.1%
SMCI	F	0.1%
HUBB	B	0.1%
BLDR	C	0.1%
APTV	D	0.09%
ULTA	D	0.09%
ILMN	D	0.09%
TER	C	0.09%
PTC	C	0.09%
PODD	C	0.08%
DGX	B	0.08%
BURL	C	0.08%
EXPD	B	0.08%
ALGN	D	0.08%
HOLX	D	0.08%
STLD	C	0.08%
ZBRA	B	0.08%
TRMB	C	0.07%
MRO	D	0.07%
AKAM	D	0.07%
CF	B	0.07%
IEX	C	0.07%
PNR	B	0.07%
SWK	B	0.07%
FLEX	B	0.06%
JNPR	A	0.06%
FFIV	B	0.06%
BMRN	F	0.06%
REG	C	0.06%
BG	F	0.06%
POOL	C	0.06%
JBHT	D	0.06%
ROL	C	0.06%
DLTR	F	0.06%
NWSA	D	0.05%
ALB	D	0.05%
LKQ	F	0.05%
TFX	B	0.05%
IPG	C	0.05%
TECH	C	0.05%
OKTA	F	0.05%
DAL	C	0.04%
SCCO	C	0.04%
QRVO	F	0.04%
CRL	F	0.04%
WBA	F	0.03%
GFS	F	0.02%
LUV	C	0.02%
UAL	B	0.02%
WLK	C	0.02%
LEN	B	0.01%
DOW	C	0.01%
AGR	C	0.01%
NWS	D	0.01%

HLAL Underweight 79 Positions Relative to PFIX

Symbol	Grade	Weight
JPM	D	-3.9%
AVGO	C	-3.86%
TM	D	-1.97%
BAC	D	-1.73%
NVS	C	-1.56%
CMCSA	C	-1.29%
VZ	A	-1.26%
BLK	B	-0.87%
TD	C	-0.83%
LMT	A	-0.82%
ETN	C	-0.82%
MS	B	-0.81%
C	C	-0.77%
CVS	D	-0.76%
MMC	C	-0.75%
GILD	B	-0.66%
SO	B	-0.55%
GD	C	-0.46%
USB	C	-0.45%
HMC	D	-0.45%
STLA	F	-0.43%
PNC	C	-0.43%
NSC	C	-0.42%
TRV	C	-0.38%
AIG	D	-0.34%
SRE	B	-0.33%
MET	B	-0.32%
OKE	C	-0.31%
AEP	C	-0.31%
PAYX	C	-0.3%
BK	B	-0.29%
LHX	C	-0.29%
RSG	D	-0.28%
GIS	B	-0.28%
EXC	B	-0.27%
KR	B	-0.26%
E	D	-0.26%
XEL	B	-0.25%
PEG	B	-0.23%
HSY	D	-0.22%
DFS	C	-0.22%
VICI	C	-0.22%
BCS	B	-0.22%
AVB	C	-0.19%
EIX	B	-0.19%
WEC	B	-0.18%
TROW	C	-0.17%
DTE	A	-0.17%
STT	B	-0.16%
FITB	B	-0.16%
ES	B	-0.15%
MTB	C	-0.15%
PFG	B	-0.14%
DRI	C	-0.14%
AEE	B	-0.14%
ETR	A	-0.14%
HBAN	B	-0.13%
HPE	C	-0.13%
CMS	B	-0.12%
RF	B	-0.12%
SWKS	F	-0.12%
SYF	C	-0.12%
HST	D	-0.11%
NTRS	C	-0.11%
VTRS	D	-0.11%
CINF	C	-0.11%
FNF	B	-0.1%
CCEP	C	-0.1%
BBY	A	-0.1%
AMCR	B	-0.09%
EG	B	-0.09%
CAG	B	-0.09%
NI	B	-0.08%
LNT	A	-0.08%
MOS	F	-0.07%
EVRG	B	-0.07%
CHRW	B	-0.06%
CPB	C	-0.06%
FRO	D	-0.02%