QUAL vs. PFIX ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to Simplify Interest Rate Hedge ETF (PFIX)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It 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 fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

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

Performance

Period	QUAL	PFIX
30 Days	1.61%	1.63%
60 Days	2.39%	26.27%
90 Days	3.34%	22.86%
12 Months	30.86%	7.42%

22 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in PFIX	Overlap
ADP	B	1.75%	0.79%	0.79%
APD	A	0.35%	0.37%	0.35%
ATO	A	0.4%	0.11%	0.11%
AVB	B	0.24%	0.19%	0.19%
BBY	D	0.29%	0.1%	0.1%
BLK	C	0.99%	0.87%	0.87%
COP	C	1.73%	1.01%	1.01%
CSCO	B	1.74%	1.48%	1.48%
GRMN	B	0.48%	0.13%	0.13%
HSY	F	0.15%	0.22%	0.15%
JNJ	D	2.15%	2.83%	2.15%
LMT	D	1.08%	0.82%	0.82%
MMC	B	0.74%	0.75%	0.74%
OMC	C	0.1%	0.13%	0.1%
PAYX	C	0.49%	0.3%	0.3%
PEG	A	0.69%	0.23%	0.23%
PKG	A	0.1%	0.1%	0.1%
PLD	D	0.71%	0.91%	0.71%
QCOM	F	1.15%	1.27%	1.15%
SRE	A	0.93%	0.33%	0.33%
TROW	B	0.19%	0.17%	0.17%
TXN	C	1.34%	1.13%	1.13%

QUAL Overweight 101 Positions Relative to PFIX

Symbol	Grade	Weight
NVDA	C	6.93%
AAPL	C	5.44%
MSFT	F	4.5%
V	A	4.5%
MA	C	4.22%
META	D	4.09%
LLY	F	3.42%
UNH	C	2.81%
COST	B	2.55%
TJX	A	2.03%
GOOGL	C	1.77%
ADBE	C	1.76%
NFLX	A	1.76%
ACN	C	1.67%
GOOG	C	1.55%
KO	D	1.43%
NKE	D	1.41%
CAT	B	1.4%
CMG	B	1.26%
AMAT	F	1.17%
LIN	D	1.14%
PEP	F	1.1%
SLB	C	0.89%
KLAC	D	0.77%
ANET	C	0.73%
ITW	B	0.73%
LRCX	F	0.73%
DHI	D	0.7%
LULU	C	0.66%
VRTX	F	0.62%
CTAS	B	0.6%
GWW	B	0.59%
CDNS	B	0.58%
TPL	A	0.58%
SHW	A	0.57%
PSA	D	0.55%
MCO	B	0.53%
CME	A	0.52%
NVR	D	0.52%
SNPS	B	0.51%
ZTS	D	0.51%
ED	D	0.5%
APH	A	0.5%
MMM	D	0.5%
DECK	A	0.49%
TSCO	D	0.43%
PHM	D	0.43%
AFL	B	0.42%
FAST	B	0.42%
CBRE	B	0.35%
ODFL	B	0.34%
AMP	A	0.33%
ULTA	F	0.31%
IDXX	F	0.3%
WSM	B	0.29%
FERG	B	0.28%
ACGL	D	0.26%
CSGP	D	0.26%
EW	C	0.24%
ROK	B	0.22%
POOL	C	0.22%
EQT	B	0.22%
VLTO	D	0.21%
MNST	C	0.21%
NTAP	C	0.21%
MANH	D	0.2%
EA	A	0.2%
A	D	0.2%
APA	D	0.19%
MPWR	F	0.18%
EQR	B	0.18%
EME	C	0.17%
RMD	C	0.17%
LPLA	A	0.17%
VEEV	C	0.16%
PPG	F	0.15%
KEYS	A	0.15%
CBOE	B	0.14%
WAT	B	0.13%
ROL	B	0.12%
WSO	A	0.12%
WST	C	0.12%
FDS	B	0.12%
EXPD	D	0.12%
GGG	B	0.11%
ERIE	D	0.09%
RS	B	0.09%
MOH	F	0.09%
JKHY	D	0.09%
AVY	D	0.08%
PAYC	B	0.08%
UTHR	C	0.08%
SEIC	B	0.07%
MKTX	D	0.07%
ENPH	F	0.06%
SMCI	F	0.06%
AOS	F	0.06%
AFG	A	0.06%
SOLV	C	0.05%
IPG	D	0.05%
WBA	F	0.03%

QUAL Underweight 86 Positions Relative to PFIX

Symbol	Grade	Weight
JPM	A	-3.9%
AVGO	D	-3.86%
XOM	B	-3.19%
PG	A	-2.82%
CVX	A	-2.06%
TM	D	-1.97%
BAC	A	-1.73%
NVS	D	-1.56%
CMCSA	B	-1.29%
VZ	C	-1.26%
HSBH	B	-1.23%
TD	F	-0.83%
ETN	A	-0.82%
MS	A	-0.81%
UPS	C	-0.81%
C	A	-0.77%
MDLZ	F	-0.76%
CVS	D	-0.76%
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%
VLO	C	-0.36%
AIG	B	-0.34%
NUE	C	-0.32%
MET	A	-0.32%
OKE	A	-0.31%
AEP	D	-0.31%
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%
FANG	D	-0.23%
DFS	B	-0.22%
ADM	D	-0.22%
VICI	C	-0.22%
BCS	C	-0.22%
EIX	B	-0.19%
WEC	A	-0.18%
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%
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%
CINF	A	-0.11%
FNF	B	-0.1%
SNA	A	-0.1%
CCEP	C	-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%