PFIX vs. FENI ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to Fidelity Enhanced International ETF (FENI)

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

$50.22

Average Daily Volume

80,893

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

FENI

Fidelity Enhanced International ETF

FENI Description

The fund will normally invest at least 80% of assets in common stocks included in the MSCI EAFE Index, which is a market capitalization-weighted index that is designed to measure the investable equity market performance for global investors in developed markets, excluding the U.S. & Canada. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index.

Grade (RS Rating)

Last Trade

$27.98

Average Daily Volume

176,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	FENI
30 Days	1.63%	-2.98%
60 Days	26.27%	-6.08%
90 Days	22.86%	-6.11%
12 Months	7.42%	13.19%

6 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in FENI	Overlap
BCS	C	0.22%	0.12%	0.12%
CCEP	C	0.1%	0.02%	0.02%
HSBH	B	1.23%	1.06%	1.06%
NVS	D	1.56%	1.58%	1.56%
NVS	D	1.56%	0.12%	0.12%
TM	D	1.97%	0.56%	0.56%

PFIX Overweight 103 Positions Relative to FENI

Symbol	Grade	Weight
JPM	A	3.9%
AVGO	D	3.86%
XOM	B	3.19%
JNJ	D	2.83%
PG	A	2.82%
CVX	A	2.06%
BAC	A	1.73%
CSCO	B	1.48%
CMCSA	B	1.29%
QCOM	F	1.27%
VZ	C	1.26%
TXN	C	1.13%
COP	C	1.01%
PLD	D	0.91%
BLK	C	0.87%
TD	F	0.83%
LMT	D	0.82%
ETN	A	0.82%
MS	A	0.81%
UPS	C	0.81%
ADP	B	0.79%
C	A	0.77%
MDLZ	F	0.76%
CVS	D	0.76%
MMC	B	0.75%
GILD	C	0.66%
SO	D	0.55%
GD	F	0.46%
USB	A	0.45%
HMC	F	0.45%
PSX	C	0.45%
STLA	F	0.43%
PNC	B	0.43%
NSC	B	0.42%
PCAR	B	0.42%
TRV	B	0.38%
APD	A	0.37%
VLO	C	0.36%
AIG	B	0.34%
SRE	A	0.33%
NUE	C	0.32%
MET	A	0.32%
OKE	A	0.31%
AEP	D	0.31%
PAYX	C	0.3%
BK	A	0.29%
JCI	C	0.29%
LHX	C	0.29%
CMI	A	0.28%
RSG	A	0.28%
GIS	D	0.28%
EXC	C	0.27%
KR	B	0.26%
E	F	0.26%
XEL	A	0.25%
PEG	A	0.23%
FANG	D	0.23%
HSY	F	0.22%
DFS	B	0.22%
ADM	D	0.22%
VICI	C	0.22%
AVB	B	0.19%
EIX	B	0.19%
WEC	A	0.18%
TROW	B	0.17%
DTE	C	0.17%
STT	A	0.16%
FITB	A	0.16%
ES	D	0.15%
MTB	A	0.15%
PFG	D	0.14%
GPC	D	0.14%
DRI	B	0.14%
AEE	A	0.14%
ETR	B	0.14%
HBAN	A	0.13%
GRMN	B	0.13%
OMC	C	0.13%
HPE	B	0.13%
CMS	C	0.12%
RF	A	0.12%
SWKS	F	0.12%
SYF	B	0.12%
HST	C	0.11%
NTRS	A	0.11%
VTRS	A	0.11%
ATO	A	0.11%
CINF	A	0.11%
FNF	B	0.1%
SNA	A	0.1%
PKG	A	0.1%
BBY	D	0.1%
IP	B	0.09%
AMCR	D	0.09%
EG	C	0.09%
CAG	D	0.09%
NI	A	0.08%
LNT	A	0.08%
MOS	F	0.07%
EVRG	A	0.07%
CHRW	C	0.06%
CPB	D	0.06%
FRO	F	0.02%

PFIX Underweight 25 Positions Relative to FENI

Symbol	Grade	Weight
SONY	B	-1.21%
SE	B	-0.79%
ABBV	D	-0.79%
BTI	B	-0.76%
NMR	B	-0.66%
WIX	B	-0.58%
MUFG	B	-0.57%
UL	D	-0.56%
QGEN	D	-0.53%
GSK	F	-0.48%
UL	D	-0.48%
RIO	D	-0.48%
HSBC	B	-0.42%
VOD	F	-0.3%
ABBV	D	-0.28%
SNY	F	-0.28%
RELX	C	-0.23%
GMAB	F	-0.22%
NOK	D	-0.21%
BBVA	F	-0.14%
LYG	F	-0.12%
NWG	C	-0.11%
AZN	D	-0.08%
LOGI	D	-0.07%
SMFG	B	-0.03%