FLQL vs. PFIX ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Simplify Interest Rate Hedge ETF (PFIX)

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$57.94

Average Daily Volume

48,937

Number of Holdings ^*

208

* 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

$40.40

Average Daily Volume

50,708

Number of Holdings ^*

107

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	PFIX
30 Days	2.22%	-0.25%
60 Days	3.76%	-15.63%
90 Days	4.30%	-9.95%
12 Months	32.67%	-5.58%

27 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in PFIX	Overlap
AVGO	C	1.76%	3.86%	1.76%
BBY	C	0.11%	0.1%	0.1%
C	D	0.92%	0.77%	0.77%
CMCSA	D	1.06%	1.29%	1.06%
CMI	C	0.16%	0.28%	0.16%
CSCO	C	1.41%	1.48%	1.41%
ETN	C	0.87%	0.82%	0.82%
ETR	B	0.11%	0.14%	0.11%
FANG	D	0.19%	0.23%	0.19%
GD	B	0.33%	0.46%	0.33%
GRMN	D	0.21%	0.13%	0.13%
HPE	D	0.18%	0.13%	0.13%
IP	B	0.1%	0.09%	0.09%
JNJ	C	1.82%	2.83%	1.82%
JPM	D	1.18%	3.9%	1.18%
NUE	F	0.26%	0.32%	0.26%
PCAR	D	0.45%	0.42%	0.42%
PEG	C	0.15%	0.23%	0.15%
PKG	B	0.13%	0.1%	0.1%
QCOM	D	1.08%	1.27%	1.08%
RSG	D	0.34%	0.28%	0.28%
SWKS	D	0.12%	0.12%	0.12%
SYF	C	0.17%	0.12%	0.12%
TXN	C	1.31%	1.13%	1.13%
VLO	F	0.36%	0.36%	0.36%
VZ	B	1.31%	1.26%	1.26%
XOM	C	0.44%	3.19%	0.44%

FLQL Overweight 181 Positions Relative to PFIX

Symbol	Grade	Weight
AAPL	C	6.79%
MSFT	C	6.52%
NVDA	D	4.95%
AMZN	C	2.86%
META	B	2.5%
GOOGL	D	1.88%
LLY	C	1.86%
ABBV	C	1.8%
COST	B	1.79%
MA	B	1.78%
GOOG	D	1.61%
IBM	B	1.42%
MRK	D	1.41%
AMGN	B	1.32%
WMT	C	1.31%
ISRG	B	1.25%
CAT	B	1.24%
BRK.A	C	1.18%
VRTX	D	1.08%
AMAT	D	1.05%
BKNG	C	1.03%
SYK	C	1.0%
TJX	B	0.99%
REGN	C	0.96%
T	C	0.94%
MO	C	0.87%
KLAC	D	0.86%
LRCX	F	0.84%
WM	D	0.79%
TSLA	C	0.75%
ANET	B	0.75%
BSX	B	0.72%
HCA	B	0.63%
CI	C	0.62%
CMG	C	0.6%
MCO	B	0.58%
PGR	B	0.58%
ZTS	C	0.58%
CL	D	0.57%
TT	B	0.56%
APH	D	0.54%
MPC	F	0.52%
SPG	B	0.47%
DHI	B	0.46%
MSI	B	0.46%
PH	B	0.46%
CB	B	0.45%
MCK	F	0.44%
PSA	B	0.42%
URI	B	0.38%
LEN	B	0.36%
TMUS	C	0.36%
GWW	B	0.36%
CTAS	B	0.36%
IDXX	C	0.33%
ACGL	C	0.32%
FAST	C	0.3%
MCHP	F	0.3%
HPQ	D	0.28%
HLT	B	0.27%
CTSH	C	0.26%
PHM	B	0.25%
NVR	B	0.24%
DECK	C	0.23%
GM	C	0.23%
NTAP	D	0.22%
EMR	D	0.22%
LYB	D	0.2%
LDOS	B	0.17%
CDW	D	0.17%
WSM	D	0.17%
BLDR	C	0.17%
GDDY	C	0.16%
HIG	B	0.15%
STLD	F	0.15%
HWM	B	0.15%
IRM	C	0.14%
LII	B	0.14%
TOL	B	0.14%
CSL	B	0.14%
UTHR	C	0.13%
GLW	C	0.13%
RS	D	0.13%
TSCO	C	0.13%
UHS	B	0.13%
COKE	C	0.13%
MAS	B	0.13%
WSO	C	0.12%
WAB	A	0.12%
HIW	B	0.12%
OC	D	0.12%
CLH	A	0.12%
JEF	B	0.12%
CASY	D	0.12%
OHI	B	0.12%
DKS	D	0.12%
CUZ	B	0.12%
PPC	D	0.12%
LPLA	D	0.12%
EBAY	B	0.12%
HRB	C	0.12%
RGA	C	0.12%
DPZ	F	0.12%
AWI	B	0.11%
EXP	B	0.11%
R	A	0.11%
JNPR	B	0.11%
LEN	B	0.11%
SCCO	D	0.11%
CW	B	0.11%
INGR	B	0.11%
ESS	B	0.11%
EHC	C	0.11%
ALSN	B	0.11%
MUSA	D	0.11%
TXRH	C	0.11%
THC	A	0.11%
CRUS	D	0.11%
EPR	B	0.11%
EVR	A	0.11%
CF	C	0.11%
DAL	C	0.11%
CFG	C	0.11%
MTG	B	0.11%
NNN	C	0.11%
OGN	D	0.1%
EMN	B	0.1%
CE	F	0.1%
AGO	C	0.1%
JBL	D	0.1%
SAIC	C	0.1%
MDU	C	0.1%
DVA	B	0.1%
CRI	D	0.1%
MEDP	F	0.1%
IBKR	B	0.1%
ITT	B	0.1%
KRC	C	0.1%
AXS	B	0.1%
NBIX	F	0.1%
NFG	B	0.1%
CACI	B	0.1%
LAMR	B	0.1%
CHE	C	0.1%
APP	C	0.1%
DELL	D	0.1%
BLD	D	0.1%
NEU	D	0.1%
TER	D	0.09%
LNC	D	0.09%
PK	D	0.09%
OMF	D	0.09%
RL	C	0.09%
AVT	C	0.09%
OVV	F	0.09%
FIX	B	0.09%
AYI	B	0.09%
TPR	C	0.09%
MSM	D	0.09%
KEX	C	0.09%
DCI	C	0.09%
SLM	D	0.09%
WING	B	0.09%
NRG	C	0.09%
TNL	D	0.09%
LOPE	D	0.09%
WU	F	0.09%
SMCI	F	0.09%
PSTG	F	0.08%
NVT	D	0.08%
CROX	D	0.08%
APA	F	0.08%
GNTX	F	0.08%
SNX	D	0.08%
X	F	0.08%
BJ	D	0.08%
OSK	F	0.08%
GAP	F	0.07%
CIVI	F	0.07%
M	F	0.07%
BBWI	F	0.05%

FLQL Underweight 80 Positions Relative to PFIX

Symbol	Grade	Weight
PG	C	-2.82%
CVX	D	-2.06%
TM	F	-1.97%
BAC	D	-1.73%
NVS	C	-1.56%
COP	D	-1.01%
PLD	C	-0.91%
BLK	B	-0.87%
TD	B	-0.83%
LMT	C	-0.82%
MS	D	-0.81%
UPS	D	-0.81%
ADP	B	-0.79%
MDLZ	B	-0.76%
CVS	D	-0.76%
MMC	C	-0.75%
GILD	B	-0.66%
SO	B	-0.55%
USB	B	-0.45%
HMC	D	-0.45%
PSX	F	-0.45%
STLA	F	-0.43%
PNC	B	-0.43%
NSC	C	-0.42%
TRV	C	-0.38%
APD	B	-0.37%
AIG	D	-0.34%
SRE	C	-0.33%
MET	B	-0.32%
OKE	B	-0.31%
AEP	C	-0.31%
PAYX	C	-0.3%
BK	B	-0.29%
JCI	B	-0.29%
LHX	C	-0.29%
GIS	B	-0.28%
EXC	C	-0.27%
KR	C	-0.26%
E	C	-0.26%
XEL	B	-0.25%
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	C	-0.19%
WEC	C	-0.18%
TROW	D	-0.17%
DTE	C	-0.17%
STT	B	-0.16%
FITB	B	-0.16%
ES	C	-0.15%
MTB	B	-0.15%
PFG	B	-0.14%
GPC	D	-0.14%
DRI	B	-0.14%
AEE	C	-0.14%
HBAN	B	-0.13%
OMC	B	-0.13%
CMS	C	-0.12%
RF	B	-0.12%
HST	C	-0.11%
NTRS	A	-0.11%
VTRS	D	-0.11%
ATO	B	-0.11%
CINF	C	-0.11%
FNF	B	-0.1%
SNA	C	-0.1%
CCEP	B	-0.1%
AMCR	B	-0.09%
EG	C	-0.09%
CAG	C	-0.09%
NI	B	-0.08%
LNT	B	-0.08%
MOS	F	-0.07%
EVRG	B	-0.07%
CHRW	B	-0.06%
CPB	C	-0.06%
FRO	D	-0.02%