IAI vs. FIG ETF Comparison

Comparison of iShares U.S. Broker-Dealers ETF (IAI) to Simplify Macro Strategy ETF (FIG)

IAI

iShares U.S. Broker-Dealers ETF

IAI Description

The investment seeks to track the investment results of an index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index (the "underlying index"), which measures the performance of the investment services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.27

Average Daily Volume

162,739

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FIG

Simplify Macro Strategy ETF

FIG Description

Fortress Investment Group LLC is a publicly owned investment manager. The firm primarily provides its services to individuals. It also provides its services to high net worth individuals. The firm invests in the fixed income, currency, equity, derivatives, and commodity markets across the globe. It also launches and manages hedge funds, real estate funds, and private equity funds. The firm also invests in private equity specializing in buyout, recapitalization, control-oriented investments in cash flow generating, asset based businesses and also acquire assets or make debt investments. For private equity, it prefers to invest in financial services (particularly loan servicing and consumer finance, real estate, transportation & energy/infrastructure, gaming, real estate, leisure, media and telecommunications, healthcare and senior living. It also invest in energy, power generation equipment?s, consumer discretionary, healthcare facilities, and independent power and renewable electricity procedures. It considers investments in North America, Caribbean and Western Europe for private equity. In distressed situations, the firm will seek to secure corporate ownership or control by working with a company's board of directors or creditor's committee. It prefer to have majority stake in companies. The firm invests in distressed and undervalued assets and tangible and intangible assets such as real estate, capital assets, natural resources, and intellectual property. The firm?s alternative investments include investment in real estate markets, and distressed real estate loan acquisitions. Fortress Investment Group LLC was founded in 1998 and is based in New York City.

Grade (RS Rating)

Last Trade

$20.40

Average Daily Volume

7,540

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IAI	FIG
30 Days	-0.25%	-10.23%
60 Days	2.07%	-9.83%
90 Days	7.23%	-10.71%
12 Months	35.59%	-11.51%

0 Overlapping Holdings

	Symbol	Grade	Weight in IAI	Weight in FIG	Overlap

IAI Overweight 32 Positions Relative to FIG

Symbol	Grade	Weight
GS	A	14.23%
SPGI	C	13.66%
MS	A	11.64%
SCHW	A	7.54%
CME	D	4.3%
MCO	C	4.29%
ICE	D	4.16%
COIN	D	3.85%
MSCI	F	3.82%
RJF	A	3.76%
NDAQ	B	3.73%
LPLA	A	3.3%
FDS	D	2.61%
IBKR	A	2.03%
TW	B	1.94%
HOOD	C	1.41%
SF	A	1.35%
MKTX	F	1.26%
MORN	C	1.22%
JEF	B	1.21%
HLI	A	1.1%
EVR	B	1.04%
LAZ	C	0.73%
PIPR	A	0.51%
VIRT	A	0.34%
SNEX	A	0.34%
PJT	C	0.34%
DFIN	A	0.27%
MC	D	0.23%
BGC	B	0.21%
RILY	C	0.11%
LPRO	F	0.1%

IAI Underweight 6 Positions Relative to FIG

Symbol	Grade	Weight
EQLS	F	-23.11%
TUA	F	-14.05%
CDX	A	-11.85%
CTA	A	-11.1%
SPQ	C	-8.75%
TYA	D	-1.71%

FIG: Top Represented Industries & Keywords

Industries: