SKOR vs. PFIX ETF Comparison

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

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

$49.13

Average Daily Volume

41,088

Number of Holdings ^*

305

* 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	SKOR	PFIX
30 Days	1.46%	-0.25%
60 Days	3.18%	-15.63%
90 Days	4.05%	-9.95%
12 Months	10.13%	-5.58%

61 Overlapping Holdings

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

SKOR Overweight 244 Positions Relative to PFIX

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

SKOR Underweight 46 Positions Relative to PFIX

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