PFIX vs. FSST ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to Fidelity Sustainability U.S. Equity ETF (FSST)

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

FSST

Fidelity Sustainability U.S. Equity ETF

FSST Description

FSST mainly invests in US companies that the fund adviser believes to have proven or improving sustainability practices. Evaluation of the companies impact characteristics may involve corporate engagement and its alignment with the United Nations Sustainable Development Goals using qualitative analysis as well as proprietary or third-party data. Their approach to sustainable investing not only considers ESG factors but fundamental ones as well, including financial conditions, industry positions, as well as market and economic conditions. Unlike other ETFs that disclose holdings on a daily basis, FSST publishes its full portfolio holdings monthly with a 30-day lag. A Tracking Basket Structure is in place which acts as a proxy portfolio and may include holdings from recent disclosures, other liquid ETFs as well as cash and cash equivalents in order to track the funds daily performance and facilitate arbitrage opportunities.

Grade (RS Rating)

Last Trade

$27.03

Average Daily Volume

1,194

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	FSST
30 Days	0.75%	3.06%
60 Days	-12.28%	4.30%
90 Days	-12.53%	6.00%
12 Months	-16.14%	35.03%

13 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in FSST	Overlap
BAC	D	1.73%	0.65%	0.65%
BLK	B	0.87%	1.66%	0.87%
C	C	0.77%	0.76%	0.76%
CMCSA	C	1.29%	0.98%	0.98%
CVS	D	0.76%	0.01%	0.01%
DFS	C	0.22%	0.53%	0.22%
GILD	B	0.66%	1.24%	0.66%
JCI	B	0.29%	1.13%	0.29%
NTRS	C	0.11%	0.55%	0.11%
PG	C	2.82%	2.67%	2.67%
PLD	C	0.91%	1.48%	0.91%
TRV	C	0.38%	0.14%	0.14%
UPS	D	0.81%	0.85%	0.81%

PFIX Overweight 94 Positions Relative to FSST

Symbol	Grade	Weight
JPM	D	3.9%
AVGO	C	3.86%
XOM	D	3.19%
JNJ	C	2.83%
CVX	F	2.06%
TM	D	1.97%
NVS	C	1.56%
CSCO	B	1.48%
QCOM	D	1.27%
VZ	A	1.26%
TXN	B	1.13%
COP	F	1.01%
TD	C	0.83%
LMT	A	0.82%
ETN	C	0.82%
MS	B	0.81%
ADP	C	0.79%
MDLZ	C	0.76%
MMC	C	0.75%
SO	B	0.55%
GD	C	0.46%
USB	C	0.45%
HMC	D	0.45%
PSX	F	0.45%
STLA	F	0.43%
PNC	C	0.43%
NSC	C	0.42%
PCAR	D	0.42%
APD	B	0.37%
VLO	F	0.36%
AIG	D	0.34%
SRE	B	0.33%
NUE	D	0.32%
MET	B	0.32%
OKE	C	0.31%
AEP	C	0.31%
PAYX	C	0.3%
BK	B	0.29%
LHX	C	0.29%
CMI	B	0.28%
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%
FANG	F	0.23%
HSY	D	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%
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 53 Positions Relative to FSST

Symbol	Grade	Weight
AAPL	C	-6.87%
MSFT	C	-5.99%
NVDA	C	-5.09%
AMZN	C	-4.16%
GOOGL	D	-3.5%
MCO	C	-2.5%
CI	C	-2.5%
MRK	F	-2.44%
DIS	D	-2.15%
AXP	B	-2.09%
CRM	C	-2.09%
LIN	B	-1.99%
MA	B	-1.94%
ACN	C	-1.93%
BKR	C	-1.81%
ON	D	-1.8%
LOW	B	-1.79%
KBR	D	-1.66%
DHR	B	-1.45%
NEE	B	-1.4%
AYI	B	-1.31%
AVY	C	-1.29%
VLTO	B	-1.21%
ICLR	F	-1.16%
CNC	D	-1.14%
HLT	B	-1.1%
TSLA	C	-1.03%
TMHC	B	-1.02%
CCK	B	-0.98%
LNG	D	-0.97%
IR	B	-0.94%
DE	A	-0.89%
INTU	D	-0.82%
NFLX	B	-0.82%
RRX	C	-0.8%
TGNA	C	-0.78%
ZTS	B	-0.73%
MAN	C	-0.69%
SBUX	C	-0.69%
CDW	D	-0.67%
FSLR	C	-0.62%
GNRC	D	-0.58%
MRNA	F	-0.54%
CWEN	A	-0.52%
VOYA	B	-0.51%
EXAS	D	-0.5%
AMD	C	-0.5%
TKR	C	-0.5%
NXPI	D	-0.49%
APTV	D	-0.48%
EL	D	-0.48%
SFM	B	-0.07%
ACI	F	-0.01%