PFIX vs. TGLR ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to LAFFER TENGLER Equity Income ETF (TGLR)

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

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$30.88

Average Daily Volume

2,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	TGLR
30 Days	1.63%	3.29%
60 Days	26.27%	4.83%
90 Days	22.86%	7.46%
12 Months	7.42%	30.96%

7 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in TGLR	Overlap
AVGO	D	3.86%	4.51%	3.86%
CVX	A	2.06%	3.15%	2.06%
JNJ	D	2.83%	2.82%	2.82%
JPM	A	3.9%	4.48%	3.9%
LHX	C	0.29%	3.04%	0.29%
PLD	D	0.91%	2.27%	0.91%
TXN	C	1.13%	3.26%	1.13%

PFIX Overweight 101 Positions Relative to TGLR

Symbol	Grade	Weight
XOM	B	3.19%
PG	A	2.82%
TM	D	1.97%
BAC	A	1.73%
NVS	D	1.56%
CSCO	B	1.48%
CMCSA	B	1.29%
QCOM	F	1.27%
VZ	C	1.26%
HSBH	B	1.23%
COP	C	1.01%
BLK	C	0.87%
TD	F	0.83%
LMT	D	0.82%
ETN	A	0.82%
MS	A	0.81%
UPS	C	0.81%
ADP	B	0.79%
C	A	0.77%
MDLZ	F	0.76%
CVS	D	0.76%
MMC	B	0.75%
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%
APD	A	0.37%
VLO	C	0.36%
AIG	B	0.34%
SRE	A	0.33%
NUE	C	0.32%
MET	A	0.32%
OKE	A	0.31%
AEP	D	0.31%
PAYX	C	0.3%
BK	A	0.29%
JCI	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%
PEG	A	0.23%
FANG	D	0.23%
HSY	F	0.22%
DFS	B	0.22%
ADM	D	0.22%
VICI	C	0.22%
BCS	C	0.22%
AVB	B	0.19%
EIX	B	0.19%
WEC	A	0.18%
TROW	B	0.17%
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%
GRMN	B	0.13%
OMC	C	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%
ATO	A	0.11%
CINF	A	0.11%
FNF	B	0.1%
SNA	A	0.1%
CCEP	C	0.1%
PKG	A	0.1%
BBY	D	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%

PFIX Underweight 22 Positions Relative to TGLR

Symbol	Grade	Weight
ORCL	B	-6.11%
AXP	A	-4.89%
WMT	A	-4.46%
MSFT	F	-4.27%
HD	A	-4.15%
CARR	D	-4.14%
GS	A	-3.92%
MCD	D	-3.87%
RTX	C	-3.65%
ABBV	D	-3.64%
EMR	A	-3.14%
SBUX	A	-2.89%
STLD	B	-2.8%
EOG	A	-2.77%
GOOGL	C	-2.56%
DELL	C	-2.52%
NXPI	D	-2.51%
AAPL	C	-2.41%
LRCX	F	-2.33%
PEP	F	-2.16%
MDT	D	-2.05%
NEE	D	-1.71%