PFIX vs. SKOR ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)

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

$41.25

Average Daily Volume

47,290

Number of Holdings ^*

107

* may have additional holdings in another (foreign) market

SKOR

FlexShares Credit-Scored US Corporate Bond Index Fund

SKOR Description

The investment seeks the price and yield performance, before fees and expenses, of the Northern Trust Credit-Scored US Corporate Bond IndexSM. The fund generally will invest at least 80% of its total assets in the securities of its underlying index. The index reflects the performance of a portfolio of US-dollar denominated bonds of companies that are considered by the index Provider to have higher credit quality, lower risk of default and the potential for higher yield, price appreciation and liquidity relative to the universe of securities comprising the Northern Trust US Investment-Grade Corporate Bond IndexSM. The fund is non-diversified

Grade (RS Rating)

Last Trade

$48.98

Average Daily Volume

47,395

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	SKOR
30 Days	-5.74%	1.45%
60 Days	-1.67%	1.98%
90 Days	-18.48%	4.16%
12 Months	-23.65%	11.55%

61 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in SKOR	Overlap
ADP	A	0.79%	0.07%	0.07%
AEE	A	0.14%	0.25%	0.14%
AEP	B	0.31%	0.02%	0.02%
AIG	F	0.34%	0.04%	0.04%
AMCR	A	0.09%	0.12%	0.09%
APD	C	0.37%	0.19%	0.19%
ATO	A	0.11%	0.17%	0.11%
AVB	C	0.19%	0.02%	0.02%
AVGO	C	3.86%	0.04%	0.04%
BAC	D	1.73%	0.0%	0.0%
BK	C	0.29%	0.05%	0.05%
BLK	B	0.87%	0.08%	0.08%
C	B	0.77%	0.08%	0.08%
CMCSA	B	1.29%	0.14%	0.14%
CMI	B	0.28%	0.04%	0.04%
CMS	A	0.12%	0.08%	0.08%
CPB	D	0.06%	0.06%	0.06%
CSCO	A	1.48%	0.04%	0.04%
CVS	D	0.76%	0.16%	0.16%
DFS	C	0.22%	0.11%	0.11%
DTE	A	0.17%	0.09%	0.09%
EIX	A	0.19%	0.04%	0.04%
ES	A	0.15%	0.04%	0.04%
FITB	C	0.16%	0.09%	0.09%
FNF	A	0.1%	0.03%	0.03%
GD	A	0.46%	0.14%	0.14%
GILD	A	0.66%	0.13%	0.13%
GIS	B	0.28%	0.08%	0.08%
HBAN	C	0.13%	0.08%	0.08%
HST	D	0.11%	0.09%	0.09%
JNJ	C	2.83%	0.18%	0.18%
JPM	D	3.9%	0.01%	0.01%
LHX	A	0.29%	0.1%	0.1%
LMT	A	0.82%	0.23%	0.23%
LNT	A	0.08%	0.1%	0.08%
MDLZ	C	0.76%	0.07%	0.07%
MET	A	0.32%	0.09%	0.09%
MMC	D	0.75%	0.01%	0.01%
MS	B	0.81%	0.04%	0.04%
NI	A	0.08%	0.19%	0.08%
NSC	B	0.42%	0.07%	0.07%
OKE	C	0.31%	0.14%	0.14%
PEG	A	0.23%	0.07%	0.07%
PG	C	2.82%	0.06%	0.06%
PKG	A	0.1%	0.07%	0.07%
PLD	D	0.91%	0.07%	0.07%
PNC	C	0.43%	0.03%	0.03%
QCOM	D	1.27%	0.08%	0.08%
RSG	D	0.28%	0.04%	0.04%
SO	A	0.55%	0.1%	0.1%
SRE	A	0.33%	0.07%	0.07%
STT	C	0.16%	0.07%	0.07%
SYF	C	0.12%	0.08%	0.08%
TD	C	0.83%	0.17%	0.17%
TXN	C	1.13%	0.07%	0.07%
UPS	D	0.81%	0.08%	0.08%
USB	C	0.45%	0.07%	0.07%
VLO	F	0.36%	0.08%	0.08%
VZ	A	1.26%	0.03%	0.03%
WEC	A	0.18%	0.17%	0.17%
XEL	A	0.25%	0.14%	0.14%

PFIX Overweight 46 Positions Relative to SKOR

Symbol	Grade	Weight
XOM	B	3.19%
CVX	D	2.06%
TM	D	1.97%
NVS	D	1.56%
COP	D	1.01%
ETN	C	0.82%
HMC	D	0.45%
PSX	F	0.45%
STLA	F	0.43%
PCAR	D	0.42%
TRV	C	0.38%
NUE	D	0.32%
PAYX	A	0.3%
JCI	B	0.29%
EXC	A	0.27%
KR	B	0.26%
E	D	0.26%
FANG	F	0.23%
HSY	D	0.22%
ADM	D	0.22%
VICI	C	0.22%
BCS	C	0.22%
TROW	D	0.17%
MTB	C	0.15%
PFG	C	0.14%
GPC	D	0.14%
DRI	C	0.14%
ETR	A	0.14%
GRMN	D	0.13%
OMC	A	0.13%
HPE	C	0.13%
RF	C	0.12%
SWKS	F	0.12%
NTRS	C	0.11%
VTRS	D	0.11%
CINF	A	0.11%
SNA	B	0.1%
CCEP	D	0.1%
BBY	B	0.1%
IP	B	0.09%
EG	B	0.09%
CAG	B	0.09%
MOS	F	0.07%
EVRG	B	0.07%
CHRW	A	0.06%
FRO	D	0.02%

PFIX Underweight 244 Positions Relative to SKOR

Symbol	Grade	Weight
LEN	B	-0.32%
KMI	A	-0.28%
FOXA	A	-0.25%
PEP	D	-0.24%
SPG	A	-0.22%
NXPI	F	-0.21%
CHTR	D	-0.2%
GM	D	-0.2%
PHM	A	-0.2%
VRSN	C	-0.19%
MAS	A	-0.19%
TPR	B	-0.19%
PAA	D	-0.19%
TMO	C	-0.19%
NOC	B	-0.19%
CHD	B	-0.18%
ELV	F	-0.18%
CCI	A	-0.18%
DOW	B	-0.17%
GPN	F	-0.17%
PM	B	-0.17%
DG	F	-0.16%
LII	C	-0.16%
ARW	C	-0.15%
ALL	C	-0.15%
ADI	C	-0.15%
RPRX	B	-0.14%
TDY	B	-0.14%
CI	C	-0.14%
ALLY	F	-0.14%
TMUS	A	-0.14%
WU	D	-0.13%
BWA	C	-0.13%
WM	D	-0.13%
AMT	C	-0.13%
JBHT	D	-0.12%
BRX	B	-0.12%
O	A	-0.12%
CME	A	-0.12%
T	A	-0.12%
INTC	D	-0.12%
HUM	F	-0.12%
APH	D	-0.11%
AMGN	D	-0.11%
CM	C	-0.11%
SWK	A	-0.11%
BHP	B	-0.11%
ED	A	-0.11%
K	B	-0.11%
MKL	B	-0.11%
NVT	D	-0.11%
AMZN	C	-0.11%
ATHS	A	-0.11%
UNP	C	-0.11%
ARCC	A	-0.11%
BMO	B	-0.11%
LH	D	-0.11%
ORCL	C	-0.11%
VRSK	D	-0.1%
DLR	C	-0.1%
BMY	B	-0.1%
BIDU	C	-0.1%
WY	B	-0.1%
CNP	B	-0.1%
BKU	D	-0.1%
TRMB	B	-0.1%
CB	A	-0.1%
INTU	F	-0.1%
MO	B	-0.1%
COST	C	-0.1%
GS	D	-0.1%
V	C	-0.1%
VNT	F	-0.09%
IBM	C	-0.09%
THG	A	-0.09%
SBUX	B	-0.09%
DHR	B	-0.09%
CARR	C	-0.09%
FHN	D	-0.09%
DIS	D	-0.09%
BXP	C	-0.09%
CMA	C	-0.09%
AGR	C	-0.09%
CL	D	-0.09%
MCK	F	-0.09%
ADBE	F	-0.09%
FLO	C	-0.09%
LAZ	C	-0.09%
MLM	D	-0.09%
BNS	A	-0.09%
AON	A	-0.09%
AAPL	C	-0.09%
KMB	B	-0.08%
BR	B	-0.08%
AFG	B	-0.08%
PSA	C	-0.08%
ADSK	C	-0.08%
AWH	F	-0.08%
BG	D	-0.08%
FAF	B	-0.08%
LEA	F	-0.08%
BDX	B	-0.08%
EBAY	A	-0.08%
CSL	A	-0.08%
KLAC	D	-0.08%
HP	F	-0.08%
ORI	A	-0.08%
H	C	-0.08%
CBOE	B	-0.08%
KO	B	-0.08%
DSS	F	-0.08%
AMH	D	-0.08%
EW	F	-0.08%
DINO	F	-0.08%
KEYS	C	-0.08%
KDP	C	-0.08%
NDAQ	C	-0.08%
WHR	C	-0.08%
ROP	C	-0.08%
BRO	A	-0.08%
WELL	B	-0.08%
TT	A	-0.08%
SPGI	C	-0.08%
NFG	A	-0.08%
ORLY	A	-0.08%
JEF	B	-0.08%
KEY	C	-0.08%
MMM	B	-0.08%
MU	D	-0.08%
DUK	B	-0.08%
GLPI	B	-0.08%
D	A	-0.08%
ABBV	A	-0.08%
EMR	B	-0.07%
AVT	B	-0.07%
KMPR	D	-0.07%
NTAP	D	-0.07%
DHI	B	-0.07%
PCG	B	-0.07%
PPG	D	-0.07%
DGX	C	-0.07%
CPT	C	-0.07%
SBRA	C	-0.07%
WB	C	-0.07%
ALLE	A	-0.07%
BAX	D	-0.07%
CE	D	-0.07%
ITW	B	-0.07%
DOV	C	-0.07%
A	B	-0.07%
BKH	B	-0.07%
ESS	C	-0.07%
GSBD	D	-0.07%
FMC	B	-0.07%
TEL	D	-0.07%
MKC	B	-0.07%
AWK	C	-0.07%
AMP	A	-0.07%
CUBE	C	-0.07%
HUBB	A	-0.07%
OTIS	A	-0.07%
CFG	D	-0.07%
MCO	C	-0.07%
HPQ	C	-0.07%
AXP	A	-0.07%
EPD	B	-0.07%
BABA	A	-0.07%
HSBC	C	-0.07%
WFC	D	-0.07%
ROK	D	-0.06%
SKT	A	-0.06%
REG	B	-0.06%
WAB	A	-0.06%
SCS	D	-0.06%
GL	C	-0.06%
BA	F	-0.06%
ECL	A	-0.06%
WPC	C	-0.06%
AL	D	-0.06%
WTW	A	-0.06%
TFC	D	-0.06%
NNN	A	-0.06%
SITC	F	-0.05%
DT	C	-0.05%
EFX	D	-0.05%
RY	A	-0.05%
AER	C	-0.05%
DLTR	F	-0.05%
AZO	D	-0.05%
ZTS	B	-0.05%
PDM	C	-0.04%
KIM	C	-0.04%
STLD	C	-0.04%
HPP	F	-0.04%
VOYA	A	-0.04%
KRG	C	-0.04%
FTV	B	-0.04%
RNR	A	-0.04%
AIZ	A	-0.04%
SJM	B	-0.04%
RPM	C	-0.04%
EA	D	-0.04%
ARE	D	-0.04%
PGR	C	-0.04%
HII	D	-0.04%
AXS	A	-0.04%
HIW	C	-0.04%
CSX	D	-0.04%
AFL	A	-0.04%
HON	B	-0.04%
MCD	A	-0.04%
MSI	A	-0.04%
MAR	B	-0.04%
KRC	C	-0.04%
SCHW	D	-0.04%
SHW	B	-0.04%
LOW	A	-0.04%
MSFT	C	-0.04%
DB	C	-0.04%
MA	A	-0.04%
NEE	A	-0.04%
FLS	B	-0.03%
SYK	C	-0.03%
GOOGL	C	-0.03%
HCA	A	-0.03%
PH	B	-0.02%
CTAS	C	-0.02%
AAP	F	-0.02%
BDN	A	-0.02%
MAA	C	-0.02%
EQR	C	-0.02%
PYPL	B	-0.02%
CLX	B	-0.02%
AVY	B	-0.02%
VTR	B	-0.02%
COF	C	-0.02%
MUFG	D	-0.02%
WMT	A	-0.02%
UNH	B	-0.02%
CP	C	-0.01%
EQIX	B	-0.0%
HD	A	-0.0%
OHI	C	-0.0%
PRU	C	-0.0%