PFIX vs. VLUE ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to iShares MSCI USA Value Factor (VLUE)

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

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$109.08

Average Daily Volume

274,311

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	VLUE
30 Days	0.75%	3.46%
60 Days	-12.28%	2.76%
90 Days	-12.53%	6.31%
12 Months	-16.14%	23.36%

39 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in VLUE	Overlap
ADM	D	0.22%	0.77%	0.22%
AIG	D	0.34%	0.5%	0.34%
ATO	B	0.11%	0.22%	0.11%
BAC	D	1.73%	1.99%	1.73%
BBY	A	0.1%	0.41%	0.1%
BK	B	0.29%	0.45%	0.29%
C	C	0.77%	1.66%	0.77%
CAG	B	0.09%	0.29%	0.09%
CMI	B	0.28%	0.52%	0.28%
CSCO	B	1.48%	5.97%	1.48%
CVS	D	0.76%	1.63%	0.76%
EG	B	0.09%	0.18%	0.09%
ES	B	0.15%	0.25%	0.15%
EVRG	B	0.07%	0.27%	0.07%
FANG	F	0.23%	0.63%	0.23%
FITB	B	0.16%	0.2%	0.16%
FNF	B	0.1%	0.09%	0.09%
GILD	B	0.66%	1.26%	0.66%
HBAN	B	0.13%	0.15%	0.13%
HPE	C	0.13%	1.28%	0.13%
HST	D	0.11%	0.26%	0.11%
IP	C	0.09%	0.16%	0.09%
JCI	B	0.29%	0.55%	0.29%
KR	B	0.26%	0.74%	0.26%
LHX	C	0.29%	0.52%	0.29%
MET	B	0.32%	0.46%	0.32%
MOS	F	0.07%	0.17%	0.07%
MTB	C	0.15%	0.27%	0.15%
NUE	D	0.32%	0.46%	0.32%
PCAR	D	0.42%	0.69%	0.42%
RF	B	0.12%	0.18%	0.12%
SNA	B	0.1%	0.19%	0.1%
STT	B	0.16%	0.25%	0.16%
SWKS	F	0.12%	0.55%	0.12%
SYF	C	0.12%	0.19%	0.12%
USB	C	0.45%	0.45%	0.45%
VLO	F	0.36%	0.77%	0.36%
VTRS	D	0.11%	0.41%	0.11%
VZ	A	1.26%	3.18%	1.26%

PFIX Overweight 68 Positions Relative to VLUE

Symbol	Grade	Weight
JPM	D	3.9%
AVGO	C	3.86%
XOM	D	3.19%
JNJ	C	2.83%
PG	C	2.82%
CVX	F	2.06%
TM	D	1.97%
NVS	C	1.56%
CMCSA	C	1.29%
QCOM	D	1.27%
TXN	B	1.13%
COP	F	1.01%
PLD	C	0.91%
BLK	B	0.87%
TD	C	0.83%
LMT	A	0.82%
ETN	C	0.82%
MS	B	0.81%
UPS	D	0.81%
ADP	C	0.79%
MDLZ	C	0.76%
MMC	C	0.75%
SO	B	0.55%
GD	C	0.46%
HMC	D	0.45%
PSX	F	0.45%
STLA	F	0.43%
PNC	C	0.43%
NSC	C	0.42%
TRV	C	0.38%
APD	B	0.37%
SRE	B	0.33%
OKE	C	0.31%
AEP	C	0.31%
PAYX	C	0.3%
RSG	D	0.28%
GIS	B	0.28%
EXC	B	0.27%
E	D	0.26%
XEL	B	0.25%
PEG	B	0.23%
HSY	D	0.22%
DFS	C	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%
PFG	B	0.14%
GPC	D	0.14%
DRI	C	0.14%
AEE	B	0.14%
ETR	A	0.14%
GRMN	D	0.13%
OMC	B	0.13%
CMS	B	0.12%
NTRS	C	0.11%
CINF	C	0.11%
CCEP	C	0.1%
PKG	B	0.1%
AMCR	B	0.09%
NI	B	0.08%
LNT	A	0.08%
CHRW	B	0.06%
CPB	C	0.06%
FRO	D	0.02%

PFIX Underweight 109 Positions Relative to VLUE

Symbol	Grade	Weight
T	B	-5.9%
IBM	B	-4.21%
INTC	D	-3.37%
GM	C	-3.17%
AMAT	D	-2.77%
PFE	D	-2.52%
RTX	B	-1.81%
DHI	C	-1.71%
F	F	-1.71%
LEN	B	-1.65%
CI	C	-1.56%
WFC	D	-1.49%
BMY	C	-1.4%
MO	C	-1.34%
ELV	D	-1.34%
NXPI	D	-1.23%
GS	B	-1.23%
SPG	B	-1.19%
HPQ	C	-1.16%
CTSH	B	-1.11%
GLW	B	-1.08%
PHM	B	-1.06%
FDX	D	-1.05%
TEL	D	-1.05%
KHC	C	-0.85%
DELL	C	-0.77%
CNC	D	-0.76%
URI	B	-0.75%
ON	D	-0.74%
WBD	D	-0.65%
PCG	C	-0.61%
WY	C	-0.6%
NTAP	D	-0.56%
COF	B	-0.55%
TFC	D	-0.51%
FSLR	C	-0.49%
D	C	-0.48%
PRU	C	-0.45%
MRO	D	-0.44%
TSN	D	-0.42%
BLDR	C	-0.41%
ZM	C	-0.4%
GEN	A	-0.39%
EXPE	C	-0.39%
JNPR	A	-0.36%
VST	B	-0.35%
FFIV	B	-0.35%
CTRA	F	-0.34%
TAP	D	-0.34%
OC	C	-0.33%
PPL	A	-0.32%
OVV	F	-0.31%
FOXA	B	-0.3%
WAB	B	-0.3%
QRVO	F	-0.29%
DOW	C	-0.28%
JBL	C	-0.28%
SSNC	C	-0.26%
TXT	D	-0.26%
PARA	D	-0.26%
SJM	C	-0.25%
LKQ	F	-0.25%
LYB	D	-0.25%
HIG	B	-0.24%
EQT	C	-0.24%
LH	D	-0.24%
CFG	D	-0.24%
STLD	C	-0.24%
WBA	F	-0.23%
TWLO	C	-0.23%
BG	F	-0.22%
GPN	D	-0.22%
UHS	C	-0.22%
AZPN	B	-0.22%
UTHR	B	-0.22%
RPRX	C	-0.21%
MAA	C	-0.2%
KNX	C	-0.19%
DAL	C	-0.19%
LDOS	A	-0.19%
DGX	B	-0.19%
CNH	C	-0.18%
APA	F	-0.18%
DINO	F	-0.18%
CHK	C	-0.17%
APTV	D	-0.17%
CF	B	-0.16%
FOX	B	-0.16%
AKAM	D	-0.16%
SOLV	D	-0.15%
CPT	C	-0.14%
L	D	-0.13%
SWK	B	-0.13%
HII	F	-0.13%
UHAL	B	-0.13%
FBIN	B	-0.13%
ACI	F	-0.12%
KEY	C	-0.12%
NLY	B	-0.12%
SW	B	-0.12%
FCNCA	D	-0.11%
EQH	C	-0.11%
LUV	C	-0.11%
EMN	B	-0.11%
DVA	B	-0.09%
ALLY	F	-0.09%
BIO	C	-0.06%
BEN	F	-0.06%
WLK	C	-0.05%