PFIX vs. FLCO ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to Franklin Liberty Investment Grade Corporate ETF (FLCO)

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

FLCO

Franklin Liberty Investment Grade Corporate ETF

FLCO Description

The fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking preservation of capital, by investing at least 80% of its net assets in investment grade corporate debt securities and investments. The Fund may invest up to 40% of its net assets in foreign securities, including those in developing markets, and up to 15% of its net assets in non-U.S. dollar denominated securities.

Grade (RS Rating)

Last Trade

$22.14

Average Daily Volume

213,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	FLCO
30 Days	0.75%	1.59%
60 Days	-12.28%	4.38%
90 Days	-12.53%	6.01%
12 Months	-16.14%	13.74%

12 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in FLCO	Overlap
BAC	D	1.73%	2.39%	1.73%
C	C	0.77%	0.75%	0.75%
CMCSA	C	1.29%	0.82%	0.82%
CVX	F	2.06%	0.44%	0.44%
EXC	B	0.27%	1.11%	0.27%
KR	B	0.26%	0.6%	0.26%
LMT	A	0.82%	0.48%	0.48%
MET	B	0.32%	0.61%	0.32%
PNC	C	0.43%	0.93%	0.43%
PSX	F	0.45%	0.35%	0.35%
VZ	A	1.26%	1.64%	1.26%
XOM	D	3.19%	0.55%	0.55%

PFIX Overweight 95 Positions Relative to FLCO

Symbol	Grade	Weight
JPM	D	3.9%
AVGO	C	3.86%
JNJ	C	2.83%
PG	C	2.82%
TM	D	1.97%
NVS	C	1.56%
CSCO	B	1.48%
QCOM	D	1.27%
TXN	B	1.13%
COP	F	1.01%
PLD	C	0.91%
BLK	B	0.87%
TD	C	0.83%
ETN	C	0.82%
MS	B	0.81%
UPS	D	0.81%
ADP	C	0.79%
MDLZ	C	0.76%
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%
NSC	C	0.42%
PCAR	D	0.42%
TRV	C	0.38%
APD	B	0.37%
VLO	F	0.36%
AIG	D	0.34%
SRE	B	0.33%
NUE	D	0.32%
OKE	C	0.31%
AEP	C	0.31%
PAYX	C	0.3%
BK	B	0.29%
JCI	B	0.29%
LHX	C	0.29%
CMI	B	0.28%
RSG	D	0.28%
GIS	B	0.28%
E	D	0.26%
XEL	B	0.25%
PEG	B	0.23%
FANG	F	0.23%
HSY	D	0.22%
DFS	C	0.22%
ADM	D	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%
GPC	D	0.14%
DRI	C	0.14%
AEE	B	0.14%
ETR	A	0.14%
HBAN	B	0.13%
GRMN	D	0.13%
OMC	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%
ATO	B	0.11%
CINF	C	0.11%
FNF	B	0.1%
SNA	B	0.1%
CCEP	C	0.1%
PKG	B	0.1%
BBY	A	0.1%
IP	C	0.09%
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%

PFIX Underweight 41 Positions Relative to FLCO

Symbol	Grade	Weight
CAF	B	-1.87%
LVS	C	-1.81%
BA	F	-1.38%
BABA	B	-1.24%
GJS	B	-1.13%
TAK	C	-1.02%
CI	C	-0.96%
ABBV	B	-0.92%
NOW	C	-0.92%
CARR	B	-0.9%
HCA	B	-0.88%
FDX	D	-0.86%
AAPL	C	-0.85%
MHK	B	-0.8%
AFL	A	-0.79%
TFC	D	-0.77%
ET	C	-0.73%
UNH	C	-0.72%
AL	C	-0.68%
NOC	B	-0.66%
GPJA	B	-0.63%
ACGL	B	-0.61%
CF	B	-0.6%
AMZN	C	-0.6%
JBL	C	-0.58%
JWN	C	-0.57%
FLEX	B	-0.56%
NWG	B	-0.54%
DUK	B	-0.51%
HII	F	-0.49%
AON	B	-0.49%
DLTR	F	-0.46%
GPJA	B	-0.4%
RPRX	C	-0.4%
ALL	C	-0.38%
AZO	B	-0.37%
MSFT	C	-0.35%
DHI	C	-0.33%
DVN	F	-0.31%
WMB	C	-0.3%
STZ	C	-0.29%