PFIX vs. FTA ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

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

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.72

Average Daily Volume

39,082

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	FTA
30 Days	1.63%	4.88%
60 Days	26.27%	5.23%
90 Days	22.86%	6.80%
12 Months	7.42%	26.69%

68 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in FTA	Overlap
ADM	D	0.22%	0.77%	0.22%
AEE	A	0.14%	0.72%	0.14%
AEP	D	0.31%	0.47%	0.31%
AIG	B	0.34%	0.91%	0.34%
APD	A	0.37%	0.18%	0.18%
ATO	A	0.11%	0.73%	0.11%
BAC	A	1.73%	0.59%	0.59%
BBY	D	0.1%	0.45%	0.1%
C	A	0.77%	0.76%	0.76%
CAG	D	0.09%	0.14%	0.09%
CINF	A	0.11%	0.96%	0.11%
CMCSA	B	1.29%	0.91%	0.91%
CMI	A	0.28%	0.19%	0.19%
CMS	C	0.12%	0.34%	0.12%
COP	C	1.01%	0.94%	0.94%
CPB	D	0.06%	0.16%	0.06%
CSCO	B	1.48%	0.38%	0.38%
CVS	D	0.76%	0.77%	0.76%
CVX	A	2.06%	0.96%	0.96%
DRI	B	0.14%	0.36%	0.14%
DTE	C	0.17%	0.48%	0.17%
EG	C	0.09%	0.82%	0.09%
EIX	B	0.19%	0.33%	0.19%
ETR	B	0.14%	0.78%	0.14%
EXC	C	0.27%	0.66%	0.27%
FANG	D	0.23%	0.74%	0.23%
FITB	A	0.16%	0.57%	0.16%
FNF	B	0.1%	0.34%	0.1%
GD	F	0.46%	0.17%	0.17%
GIS	D	0.28%	0.31%	0.28%
GPC	D	0.14%	0.31%	0.14%
HBAN	A	0.13%	0.84%	0.13%
HPE	B	0.13%	0.92%	0.13%
HSY	F	0.22%	0.33%	0.22%
IP	B	0.09%	0.6%	0.09%
JNJ	D	2.83%	0.33%	0.33%
KR	B	0.26%	0.72%	0.26%
LHX	C	0.29%	0.18%	0.18%
LMT	D	0.82%	0.16%	0.16%
LNT	A	0.08%	0.5%	0.08%
MDLZ	F	0.76%	0.15%	0.15%
MS	A	0.81%	0.65%	0.65%
MTB	A	0.15%	0.61%	0.15%
NI	A	0.08%	0.53%	0.08%
NUE	C	0.32%	0.85%	0.32%
OKE	A	0.31%	0.42%	0.31%
OMC	C	0.13%	0.17%	0.13%
PCAR	B	0.42%	1.02%	0.42%
PFG	D	0.14%	0.17%	0.14%
PKG	A	0.1%	0.38%	0.1%
PNC	B	0.43%	0.39%	0.39%
PSX	C	0.45%	0.87%	0.45%
RF	A	0.12%	0.58%	0.12%
SNA	A	0.1%	0.63%	0.1%
SRE	A	0.33%	0.76%	0.33%
STT	A	0.16%	0.55%	0.16%
SWKS	F	0.12%	0.6%	0.12%
SYF	B	0.12%	1.14%	0.12%
TROW	B	0.17%	0.97%	0.17%
TRV	B	0.38%	0.56%	0.38%
UPS	C	0.81%	0.17%	0.17%
USB	A	0.45%	0.56%	0.45%
VLO	C	0.36%	0.91%	0.36%
VTRS	A	0.11%	0.76%	0.11%
VZ	C	1.26%	0.64%	0.64%
WEC	A	0.18%	0.35%	0.18%
XEL	A	0.25%	0.74%	0.25%
XOM	B	3.19%	0.9%	0.9%

PFIX Overweight 40 Positions Relative to FTA

Symbol	Grade	Weight
JPM	A	3.9%
AVGO	D	3.86%
PG	A	2.82%
TM	D	1.97%
NVS	D	1.56%
QCOM	F	1.27%
HSBH	B	1.23%
TXN	C	1.13%
PLD	D	0.91%
BLK	C	0.87%
TD	F	0.83%
ETN	A	0.82%
ADP	B	0.79%
MMC	B	0.75%
GILD	C	0.66%
SO	D	0.55%
HMC	F	0.45%
STLA	F	0.43%
NSC	B	0.42%
MET	A	0.32%
PAYX	C	0.3%
BK	A	0.29%
JCI	C	0.29%
RSG	A	0.28%
E	F	0.26%
PEG	A	0.23%
DFS	B	0.22%
VICI	C	0.22%
BCS	C	0.22%
AVB	B	0.19%
ES	D	0.15%
GRMN	B	0.13%
HST	C	0.11%
NTRS	A	0.11%
CCEP	C	0.1%
AMCR	D	0.09%
MOS	F	0.07%
EVRG	A	0.07%
CHRW	C	0.06%
FRO	F	0.02%

PFIX Underweight 118 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.4%
GM	B	-1.13%
DAL	C	-1.12%
FOXA	B	-0.98%
EOG	A	-0.97%
STLD	B	-0.96%
RS	B	-0.94%
CTRA	B	-0.93%
F	C	-0.92%
HAL	C	-0.91%
WFC	A	-0.9%
T	A	-0.89%
DVN	F	-0.88%
TOL	B	-0.87%
COF	B	-0.86%
OXY	D	-0.86%
KMI	A	-0.85%
MPC	D	-0.85%
EQT	B	-0.82%
LNG	B	-0.82%
CFG	B	-0.8%
BG	F	-0.8%
PHM	D	-0.79%
LEN	D	-0.79%
OC	A	-0.78%
LYB	F	-0.76%
INTC	D	-0.75%
FDX	B	-0.75%
CRBG	B	-0.74%
L	A	-0.74%
SLB	C	-0.73%
CTSH	B	-0.73%
CNP	B	-0.72%
ZBH	C	-0.71%
ALLY	C	-0.71%
CB	C	-0.7%
CF	B	-0.7%
HIG	B	-0.69%
APTV	D	-0.66%
ON	D	-0.65%
DG	F	-0.64%
ED	D	-0.64%
CHTR	C	-0.62%
BKR	B	-0.61%
DHI	D	-0.6%
TDY	B	-0.56%
LUV	C	-0.56%
CNC	D	-0.55%
DGX	A	-0.52%
PPL	B	-0.51%
TXT	D	-0.5%
D	C	-0.5%
AFL	B	-0.5%
EQR	B	-0.5%
ULTA	F	-0.5%
TGT	F	-0.5%
EBAY	D	-0.49%
HRL	D	-0.49%
DUK	C	-0.49%
SYY	B	-0.49%
CE	F	-0.48%
BLDR	D	-0.48%
DE	A	-0.48%
STX	D	-0.46%
RJF	A	-0.46%
KHC	F	-0.46%
AKAM	D	-0.45%
BIIB	F	-0.44%
ZM	B	-0.42%
DOW	F	-0.42%
DIS	B	-0.4%
KEY	B	-0.4%
JBHT	C	-0.38%
TSN	B	-0.38%
NWSA	B	-0.38%
RGA	A	-0.37%
KIM	A	-0.37%
HPQ	B	-0.36%
CSX	B	-0.36%
PRU	A	-0.36%
SSNC	B	-0.35%
NVR	D	-0.33%
DOC	D	-0.33%
CARR	D	-0.33%
PPG	F	-0.33%
ARE	D	-0.32%
FE	C	-0.32%
MOH	F	-0.31%
KDP	D	-0.31%
HUM	C	-0.31%
WLK	D	-0.3%
ELV	F	-0.27%
PYPL	B	-0.19%
ODFL	B	-0.19%
ACN	C	-0.18%
WRB	A	-0.18%
LH	C	-0.18%
IEX	B	-0.18%
J	F	-0.18%
KEYS	A	-0.17%
PEP	F	-0.17%
NDSN	B	-0.17%
CTVA	C	-0.17%
MAA	B	-0.17%
LOW	D	-0.17%
HD	A	-0.17%
CLX	B	-0.17%
SBUX	A	-0.17%
WY	D	-0.16%
EXPD	D	-0.16%
DD	D	-0.16%
CI	F	-0.16%
MAS	D	-0.16%
HOLX	D	-0.16%
MDT	D	-0.16%
FTV	C	-0.16%
NKE	D	-0.15%
AWK	D	-0.15%