SHUS vs. AFLG ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Active Factor Large Cap ETF (AFLG)

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.13

Average Daily Volume

2,757

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.42

Average Daily Volume

26,187

Number of Holdings ^*

247

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	AFLG
30 Days	1.61%	3.08%
60 Days	4.99%	6.94%
90 Days	7.12%	10.83%
12 Months	19.11%	40.55%

210 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in AFLG	Overlap
AAPL	D	0.49%	7.13%	0.49%
ABBV	D	0.24%	1.02%	0.24%
ACGL	D	0.14%	0.18%	0.14%
ACN	C	0.13%	0.22%	0.13%
ADBE	C	0.15%	0.31%	0.15%
ADM	F	0.36%	0.07%	0.07%
AFL	C	0.2%	0.74%	0.2%
AIG	C	0.19%	0.29%	0.19%
AIZ	A	0.2%	0.15%	0.15%
ALL	A	0.19%	0.08%	0.08%
ALLE	D	0.07%	0.01%	0.01%
AMAT	F	0.17%	0.38%	0.17%
AMCR	D	0.12%	0.04%	0.04%
AMP	A	0.09%	0.15%	0.09%
AMZN	B	0.21%	1.79%	0.21%
ANET	C	0.21%	0.14%	0.14%
AOS	F	0.21%	0.42%	0.21%
APH	B	0.18%	0.59%	0.18%
AVB	B	0.1%	0.05%	0.05%
AVGO	B	0.22%	1.37%	0.22%
AXP	B	0.05%	0.4%	0.05%
AZO	C	0.15%	0.18%	0.15%
BBWI	C	0.19%	0.14%	0.14%
BBY	D	0.17%	0.52%	0.17%
BEN	C	0.08%	0.17%	0.08%
BG	D	0.36%	0.06%	0.06%
BK	B	0.11%	0.73%	0.11%
BKNG	A	0.13%	0.28%	0.13%
BLDR	D	0.19%	0.34%	0.19%
BMY	B	0.25%	0.57%	0.25%
BRK.A	C	0.49%	1.55%	0.49%
BRO	A	0.03%	0.3%	0.03%
BSX	A	0.06%	0.66%	0.06%
BWA	B	0.41%	0.04%	0.04%
CAH	B	0.19%	0.11%	0.11%
CAT	B	0.14%	0.58%	0.14%
CBOE	D	0.04%	0.4%	0.04%
CDNS	B	0.33%	0.05%	0.05%
CDW	F	0.12%	0.03%	0.03%
CEG	D	0.38%	0.62%	0.38%
CF	B	0.09%	0.42%	0.09%
CFG	B	0.05%	0.25%	0.05%
CI	D	0.18%	0.15%	0.15%
CL	F	0.4%	0.6%	0.4%
CMCSA	B	0.51%	0.57%	0.51%
CME	B	0.04%	0.24%	0.04%
CMG	B	0.49%	0.32%	0.32%
CMI	B	0.08%	0.48%	0.08%
CNC	F	0.25%	0.22%	0.22%
COR	A	0.18%	0.57%	0.18%
COST	B	0.7%	0.9%	0.7%
CPT	C	0.1%	0.15%	0.1%
CRM	B	0.35%	0.56%	0.35%
CSCO	A	0.21%	0.45%	0.21%
CTAS	A	0.17%	0.69%	0.17%
CTSH	A	0.13%	0.45%	0.13%
CVS	F	0.68%	0.18%	0.18%
CVX	B	0.75%	0.45%	0.45%
DECK	B	0.29%	0.27%	0.27%
DELL	C	0.17%	0.14%	0.14%
DHI	D	0.23%	0.35%	0.23%
DPZ	C	0.52%	0.05%	0.05%
DVN	F	0.16%	0.31%	0.16%
EA	A	0.48%	0.31%	0.31%
EBAY	D	0.22%	0.1%	0.1%
ECL	D	0.05%	0.55%	0.05%
ED	D	0.24%	0.26%	0.24%
EG	D	0.14%	0.14%	0.14%
EIX	D	0.24%	0.23%	0.23%
ELV	F	0.24%	0.74%	0.24%
EPAM	C	0.13%	0.04%	0.04%
EQR	D	0.1%	0.1%	0.1%
ERIE	F	0.2%	0.24%	0.2%
ESS	C	0.1%	0.05%	0.05%
ETN	A	0.26%	0.53%	0.26%
EVRG	A	0.08%	0.28%	0.08%
EXPE	B	0.12%	0.2%	0.12%
FDX	B	0.07%	0.24%	0.07%
FE	D	0.24%	0.54%	0.24%
FFIV	B	0.2%	0.6%	0.2%
FI	A	0.06%	0.12%	0.06%
FICO	A	0.03%	0.72%	0.03%
FIS	C	0.05%	0.39%	0.05%
FOXA	A	0.1%	0.54%	0.1%
GDDY	A	0.26%	0.5%	0.26%
GE	C	0.17%	0.15%	0.15%
GEN	A	0.17%	0.1%	0.1%
GILD	B	0.24%	0.6%	0.24%
GL	B	0.19%	0.16%	0.16%
GOOGL	B	0.22%	2.04%	0.22%
GRMN	A	0.32%	0.41%	0.32%
GWW	B	0.13%	0.19%	0.13%
HIG	C	0.14%	1.08%	0.14%
HLT	A	0.12%	0.35%	0.12%
HOLX	D	0.1%	0.04%	0.04%
HPQ	B	0.34%	0.5%	0.34%
HSIC	F	0.2%	0.4%	0.2%
HST	C	0.11%	0.39%	0.11%
HUM	F	0.26%	0.15%	0.15%
HWM	B	0.07%	0.4%	0.07%
IBM	D	0.33%	0.44%	0.33%
ICE	D	0.04%	0.41%	0.04%
INCY	B	0.25%	0.25%	0.25%
IP	B	0.06%	0.35%	0.06%
IPG	F	0.33%	0.08%	0.08%
IT	A	0.13%	0.12%	0.12%
IVZ	C	0.09%	0.04%	0.04%
J	B	0.39%	0.09%	0.09%
JBL	B	0.37%	0.19%	0.19%
JNJ	F	0.23%	0.76%	0.23%
KEYS	B	0.2%	0.21%	0.2%
KHC	F	0.21%	0.11%	0.11%
KLAC	F	0.17%	0.12%	0.12%
KMB	F	0.41%	0.06%	0.06%
KO	F	0.24%	0.36%	0.24%
KR	A	0.73%	0.48%	0.48%
L	B	0.49%	0.17%	0.17%
LDOS	A	0.13%	0.15%	0.13%
LEN	D	0.24%	0.35%	0.24%
LH	B	0.16%	0.09%	0.09%
LKQ	D	0.14%	0.17%	0.14%
LLY	D	0.23%	0.47%	0.23%
LMT	D	0.08%	0.36%	0.08%
LOW	B	0.25%	0.33%	0.25%
LYB	F	0.07%	0.07%	0.07%
MA	A	0.05%	0.21%	0.05%
MAA	C	0.1%	0.47%	0.1%
MAS	D	0.19%	0.55%	0.19%
MCK	B	0.18%	0.47%	0.18%
MCO	C	0.04%	0.05%	0.04%
MET	C	0.21%	0.04%	0.04%
META	B	0.46%	1.86%	0.46%
MMM	D	0.17%	0.56%	0.17%
MO	A	0.35%	1.0%	0.35%
MOH	F	0.25%	0.1%	0.1%
MOS	D	0.08%	0.03%	0.03%
MPC	D	0.48%	0.12%	0.12%
MRK	F	0.24%	0.68%	0.24%
MSFT	C	0.32%	4.71%	0.32%
MSI	B	0.49%	0.38%	0.38%
MTCH	F	0.46%	0.31%	0.31%
NFLX	A	0.22%	0.81%	0.22%
NRG	B	0.32%	0.79%	0.32%
NTAP	C	0.17%	0.62%	0.17%
NUE	C	0.25%	0.37%	0.25%
NVDA	A	0.13%	5.3%	0.13%
NVR	D	0.3%	0.5%	0.3%
NWSA	B	0.1%	0.19%	0.1%
NXPI	F	0.23%	0.06%	0.06%
ORLY	A	0.14%	0.06%	0.06%
PCAR	B	0.12%	0.39%	0.12%
PEG	D	0.25%	0.53%	0.25%
PFG	C	0.2%	0.04%	0.04%
PG	D	0.41%	0.85%	0.41%
PGR	B	0.19%	0.72%	0.19%
PH	B	0.08%	0.23%	0.08%
PHM	D	0.25%	0.54%	0.25%
PKG	B	0.06%	0.36%	0.06%
PM	C	0.35%	0.37%	0.35%
PPG	F	0.07%	0.2%	0.07%
PPL	A	0.08%	0.05%	0.05%
PRU	B	0.2%	0.09%	0.09%
PSA	D	0.1%	0.06%	0.06%
PSX	D	0.5%	0.09%	0.09%
QCOM	F	0.22%	0.98%	0.22%
QRVO	F	0.21%	0.06%	0.06%
RF	A	0.06%	0.27%	0.06%
RL	B	0.32%	0.82%	0.32%
RMD	B	0.09%	0.1%	0.09%
ROL	B	0.18%	0.06%	0.06%
ROST	F	0.71%	0.04%	0.04%
SHW	B	0.06%	0.2%	0.06%
SNA	A	0.25%	0.61%	0.25%
SNPS	B	0.34%	0.06%	0.06%
SO	D	0.08%	0.14%	0.08%
SOLV	C	0.05%	0.27%	0.05%
SPG	B	0.06%	0.58%	0.06%
SPGI	D	0.04%	0.08%	0.04%
STLD	B	0.27%	0.45%	0.27%
STT	B	0.11%	0.05%	0.05%
SWKS	F	0.21%	0.22%	0.21%
SYF	B	0.68%	0.26%	0.26%
SYK	A	0.12%	0.15%	0.12%
T	C	0.33%	0.18%	0.18%
TDG	B	0.06%	0.0%	0.0%
TJX	B	0.71%	0.37%	0.37%
TMUS	A	0.33%	0.34%	0.33%
TPR	B	0.32%	0.43%	0.32%
TRGP	A	0.24%	0.31%	0.24%
TROW	B	0.08%	0.2%	0.08%
TT	A	0.08%	0.47%	0.08%
TXT	D	0.16%	0.08%	0.08%
UDR	D	0.1%	0.05%	0.05%
UHS	D	0.32%	0.98%	0.32%
ULTA	C	0.17%	0.16%	0.16%
UNH	B	0.25%	0.27%	0.25%
V	A	0.04%	0.29%	0.04%
VICI	D	0.06%	0.45%	0.06%
VLO	D	0.49%	0.3%	0.3%
VRSN	C	0.27%	0.21%	0.21%
VST	B	0.4%	0.98%	0.4%
VTR	C	0.11%	0.22%	0.11%
VTRS	B	0.24%	0.09%	0.09%
VZ	D	0.32%	0.5%	0.32%
WAB	B	0.13%	0.38%	0.13%
WBA	D	0.63%	0.04%	0.04%
WELL	B	0.11%	0.32%	0.11%
WMT	A	0.72%	0.6%	0.6%
WTW	A	0.04%	0.05%	0.04%
XOM	B	0.75%	0.76%	0.75%

SHUS Overweight 290 Positions Relative to AFLG

Symbol	Grade	Weight
SYY	B	0.73%
COF	B	0.69%
DFS	B	0.68%
DRI	B	0.5%
YUM	B	0.5%
EL	F	0.49%
MCD	D	0.49%
SBUX	B	0.48%
TTWO	A	0.48%
CHTR	B	0.46%
CLX	B	0.41%
KVUE	A	0.41%
CHD	B	0.41%
PWR	B	0.4%
APTV	F	0.39%
HRL	F	0.36%
BKR	B	0.35%
TSN	C	0.35%
ORCL	A	0.34%
SLB	D	0.34%
NKE	F	0.33%
OMC	B	0.33%
HCA	D	0.33%
HAL	D	0.33%
AWK	D	0.32%
ATO	A	0.32%
NI	A	0.32%
AES	F	0.31%
LULU	C	0.3%
FCX	F	0.29%
EXC	D	0.29%
UAL	A	0.28%
TSLA	B	0.27%
DAL	A	0.27%
MS	A	0.26%
HUBB	B	0.26%
EQIX	C	0.26%
SWK	F	0.26%
DLR	B	0.26%
AKAM	F	0.26%
ZTS	F	0.25%
STZ	D	0.25%
LUV	B	0.25%
KMI	A	0.25%
MNST	B	0.25%
ETR	B	0.25%
TAP	B	0.25%
SCHW	A	0.25%
CNP	B	0.25%
RJF	A	0.25%
ENPH	F	0.25%
HAS	D	0.25%
HD	B	0.25%
GS	B	0.25%
AEP	D	0.24%
D	D	0.24%
OKE	A	0.24%
KDP	D	0.24%
PFE	F	0.24%
BIIB	F	0.24%
NEE	D	0.24%
WMB	A	0.24%
NEM	F	0.24%
GM	B	0.24%
F	C	0.24%
DTE	D	0.24%
CTLT	C	0.24%
REGN	F	0.23%
VRTX	B	0.23%
MRNA	F	0.23%
AMGN	F	0.23%
LW	C	0.22%
DAY	B	0.22%
NOW	A	0.22%
PLTR	B	0.22%
ADI	D	0.22%
CPRT	B	0.22%
TXN	B	0.22%
ON	D	0.22%
GOOG	B	0.22%
MKC	D	0.21%
SJM	F	0.21%
GIS	F	0.21%
CAG	F	0.21%
ADP	A	0.21%
PAYX	B	0.21%
PAYC	B	0.21%
TYL	B	0.21%
MPWR	F	0.21%
IR	A	0.2%
IEX	B	0.2%
PARA	C	0.2%
CPB	F	0.2%
INTU	A	0.2%
FSLR	F	0.2%
DIS	C	0.2%
TEL	B	0.19%
XYL	D	0.19%
HPE	B	0.19%
WBD	C	0.19%
GLW	B	0.19%
PNR	B	0.19%
JNPR	C	0.19%
RSG	A	0.18%
CRWD	B	0.18%
EQT	A	0.18%
GEV	B	0.18%
WM	A	0.18%
MDLZ	F	0.18%
K	A	0.18%
MHK	D	0.18%
TGT	C	0.17%
ANSS	B	0.17%
DG	F	0.17%
FTNT	A	0.17%
MLM	B	0.17%
DOV	A	0.17%
ITW	B	0.17%
WY	F	0.17%
CTRA	C	0.17%
DLTR	F	0.17%
PTC	B	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	D	0.17%
HSY	D	0.17%
PEP	F	0.17%
PANW	A	0.16%
INTC	C	0.16%
GD	A	0.16%
BA	F	0.16%
DGX	A	0.16%
HON	B	0.16%
ADSK	B	0.16%
TER	D	0.16%
TECH	C	0.15%
GPC	D	0.15%
A	F	0.15%
WAT	B	0.15%
SMCI	F	0.15%
MU	C	0.15%
MTD	F	0.14%
CRL	C	0.14%
CINF	A	0.14%
URI	B	0.14%
TRV	B	0.14%
CB	D	0.14%
AMD	F	0.14%
KMX	C	0.14%
TMO	F	0.14%
POOL	D	0.13%
WFC	B	0.13%
C	B	0.13%
DE	D	0.13%
ZBRA	A	0.13%
MCHP	F	0.13%
WRB	B	0.13%
IQV	F	0.13%
ABNB	C	0.12%
MAR	A	0.12%
STE	F	0.12%
ISRG	A	0.12%
BAC	A	0.12%
BALL	D	0.12%
JPM	B	0.12%
ZBH	C	0.12%
FAST	B	0.12%
TSCO	D	0.12%
AME	A	0.12%
DVA	C	0.11%
EXR	D	0.11%
DOC	C	0.11%
BR	A	0.11%
BXP	D	0.11%
UBER	F	0.11%
PODD	B	0.1%
DHR	F	0.1%
NWS	B	0.1%
RVTY	C	0.1%
INVH	D	0.1%
FOX	A	0.1%
GEHC	D	0.1%
ALGN	D	0.1%
ARE	F	0.1%
AXON	B	0.09%
EXPD	F	0.09%
KKR	B	0.09%
CCL	A	0.09%
CHRW	B	0.09%
NCLH	A	0.09%
BLK	B	0.09%
LYV	A	0.09%
DXCM	C	0.09%
IDXX	D	0.09%
CARR	D	0.08%
LNT	C	0.08%
AEE	A	0.08%
JCI	B	0.08%
GNRC	B	0.08%
UNP	D	0.08%
WYNN	F	0.08%
NSC	B	0.08%
OTIS	D	0.08%
HII	D	0.08%
NOC	C	0.08%
BX	B	0.08%
RTX	C	0.08%
ODFL	B	0.08%
NTRS	A	0.08%
LVS	C	0.08%
JBHT	B	0.08%
CSX	B	0.08%
CTVA	C	0.08%
LHX	B	0.08%
FMC	F	0.08%
RCL	A	0.08%
UPS	D	0.08%
SW	C	0.07%
FANG	D	0.07%
OXY	F	0.07%
CZR	D	0.07%
COP	C	0.07%
MGM	F	0.07%
MRO	B	0.07%
EOG	B	0.07%
APA	F	0.07%
DOW	F	0.07%
HES	C	0.07%
PNW	B	0.07%
CE	F	0.07%
DUK	D	0.07%
WEC	B	0.07%
ES	F	0.07%
PCG	A	0.07%
SRE	A	0.07%
XEL	A	0.07%
CMS	D	0.07%
KEY	B	0.06%
PNC	A	0.06%
MTB	B	0.06%
EW	F	0.06%
ABT	B	0.06%
MDT	D	0.06%
PYPL	B	0.06%
AMT	F	0.06%
KIM	B	0.06%
REG	B	0.06%
AVY	F	0.06%
FRT	C	0.06%
PLD	F	0.06%
SBAC	D	0.06%
CCI	F	0.06%
O	D	0.06%
IRM	C	0.06%
APD	B	0.05%
IFF	F	0.05%
BAX	F	0.05%
WST	C	0.05%
BDX	D	0.05%
TFX	F	0.05%
EMN	D	0.05%
ALB	C	0.05%
DD	D	0.05%
JKHY	C	0.05%
HBAN	A	0.05%
TFC	A	0.05%
USB	B	0.05%
FITB	A	0.05%
EFX	D	0.04%
AON	A	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
GPN	B	0.04%
VRSK	A	0.04%
FDS	A	0.04%
NDAQ	B	0.04%
CPAY	A	0.04%
MKTX	C	0.04%
LIN	D	0.04%
MSCI	B	0.04%
ROK	B	0.03%
VLTO	D	0.03%
EMR	A	0.03%
NDSN	B	0.03%
FTV	D	0.03%
TRMB	B	0.03%
TDY	A	0.03%
ROP	B	0.03%
AJG	B	0.03%
MMC	C	0.03%

SHUS Underweight 37 Positions Relative to AFLG

Symbol	Grade	Weight
APP	A	-0.66%
EME	B	-0.63%
RS	B	-0.63%
GLPI	D	-0.43%
CNA	D	-0.42%
CSL	C	-0.4%
RHI	B	-0.36%
OC	B	-0.35%
IBKR	A	-0.34%
WSM	F	-0.33%
OGN	F	-0.33%
WU	F	-0.3%
VSCO	B	-0.26%
LII	B	-0.25%
MANH	C	-0.25%
ALNY	D	-0.24%
BAH	C	-0.23%
ZM	A	-0.23%
WPC	F	-0.22%
TOL	B	-0.16%
SCCO	D	-0.13%
VRT	B	-0.13%
RPM	B	-0.11%
ETSY	C	-0.1%
CRBG	C	-0.1%
SSNC	C	-0.09%
DXC	B	-0.08%
CVNA	B	-0.07%
TPL	A	-0.07%
DINO	D	-0.06%
WSO	A	-0.06%
DASH	A	-0.06%
ZION	B	-0.06%
UTHR	B	-0.05%
PINS	D	-0.04%
DKS	D	-0.04%
EQH	B	-0.0%