PFIX vs. SCLZ ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to Swan Enhanced Dividend Income ETF (SCLZ)

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

$48.15

Average Daily Volume

104,055

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

SCLZ

Swan Enhanced Dividend Income ETF

SCLZ Description

SCLZ aims to maximize income through a portfolio of US dividend-paying companies combined with a covered call writing strategy. This strategy provides a potential buffer against market volatility, although the reduction is limited to the amount of option premium received. Based on the large- and mid-cap stocks of the OShares Focused Quality Dividend Index, the fund selects 50 names based on a composite score for quality and growth characteristics. The composite score considers quality factors, dividend growth, dividend coverage, and dividend yield. Note some stocks with superior dividend payouts and higher capital appreciation potential may be excluded if option premium potential is too low. Quarterly, constituents are re-ranked based on historic dividend yield and potential capital appreciation, with holdings sold when they are no longer listed. Risk management involves establishing pre-defined exit points for each option to reduce downside exposure while maximizing income.

Grade (RS Rating)

Last Trade

$51.42

Average Daily Volume

1,130

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	SCLZ
30 Days	-9.08%	5.11%
60 Days	0.06%	2.51%
90 Days	-4.07%
12 Months	37.42%

4 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in SCLZ	Overlap
AVGO	A	3.86%	2.85%	2.85%
JPM	A	3.9%	3.27%	3.27%
PG	B	2.82%	2.48%	2.48%
VZ	C	1.26%	2.91%	1.26%

PFIX Overweight 102 Positions Relative to SCLZ

Symbol	Grade	Weight
XOM	B	3.19%
JNJ	D	2.83%
CVX	C	2.06%
TM	D	1.97%
BAC	B	1.73%
NVS	B	1.56%
CSCO	D	1.48%
CMCSA	F	1.29%
QCOM	B	1.27%
TXN	A	1.13%
COP	D	1.01%
PLD	F	0.91%
BLK	C	0.87%
TD	D	0.83%
LMT	B	0.82%
ETN	A	0.82%
MS	A	0.81%
UPS	D	0.81%
ADP	C	0.79%
C	A	0.77%
MDLZ	C	0.76%
CVS	F	0.76%
MMC	B	0.75%
GILD	F	0.66%
SO	B	0.55%
GD	B	0.46%
USB	C	0.45%
HMC	D	0.45%
PSX	D	0.45%
STLA	D	0.43%
PNC	A	0.43%
NSC	D	0.42%
PCAR	D	0.42%
TRV	D	0.38%
APD	D	0.37%
VLO	D	0.36%
AIG	C	0.34%
SRE	A	0.33%
NUE	D	0.32%
MET	B	0.32%
OKE	B	0.31%
AEP	B	0.31%
PAYX	B	0.3%
BK	A	0.29%
JCI	B	0.29%
LHX	B	0.29%
CMI	B	0.28%
RSG	D	0.28%
GIS	C	0.28%
EXC	C	0.27%
KR	D	0.26%
E	B	0.26%
XEL	D	0.25%
PEG	A	0.23%
FANG	C	0.23%
HSY	C	0.22%
DFS	C	0.22%
ADM	D	0.22%
VICI	C	0.22%
BCS	B	0.22%
AVB	B	0.19%
EIX	A	0.19%
WEC	C	0.18%
TROW	C	0.17%
DTE	B	0.17%
STT	B	0.16%
FITB	A	0.16%
ES	C	0.15%
MTB	B	0.15%
PFG	B	0.14%
GPC	C	0.14%
DRI	F	0.14%
AEE	C	0.14%
ETR	A	0.14%
HBAN	A	0.13%
GRMN	A	0.13%
OMC	A	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	B	0.11%
VTRS	D	0.11%
ATO	C	0.11%
CINF	D	0.11%
FNF	B	0.1%
SNA	D	0.1%
CCEP	A	0.1%
PKG	C	0.1%
BBY	D	0.1%
IP	B	0.09%
AMCR	B	0.09%
EG	D	0.09%
CAG	C	0.09%
NI	A	0.08%
LNT	B	0.08%
MOS	F	0.07%
EVRG	C	0.07%
CHRW	C	0.06%
CPB	C	0.06%

PFIX Underweight 6 Positions Relative to SCLZ

Symbol	Grade	Weight
MSFT	B	-5.16%
AAPL	B	-4.23%
LLY	B	-3.83%
V	C	-2.98%
UNH	C	-2.71%
MA	D	-2.54%