SHUS vs. ESG ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to FlexShares STOXX US ESG Impact Index Fund (ESG)

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

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

ESG

FlexShares STOXX US ESG Impact Index Fund

ESG Description

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXX US ESG Impact Index.

Grade (RS Rating)

Last Trade

$140.22

Average Daily Volume

4,414

Number of Holdings ^*

259

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	ESG
30 Days	2.26%	3.59%
60 Days	3.81%	3.59%
90 Days	5.24%	6.22%
12 Months	15.89%	27.36%

235 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in ESG	Overlap
A	D	0.15%	0.06%	0.06%
AAPL	C	0.49%	4.84%	0.49%
ABT	B	0.06%	0.66%	0.06%
ACN	C	0.13%	1.12%	0.13%
ADBE	C	0.15%	0.76%	0.15%
ADM	D	0.36%	0.08%	0.08%
ADP	B	0.21%	0.5%	0.21%
ADSK	A	0.16%	0.33%	0.16%
AEP	D	0.24%	0.2%	0.2%
AES	F	0.31%	0.04%	0.04%
AFL	B	0.2%	0.23%	0.2%
AIG	B	0.19%	0.08%	0.08%
AJG	B	0.03%	0.16%	0.03%
AKAM	D	0.26%	0.03%	0.03%
ALL	A	0.19%	0.08%	0.08%
AMAT	F	0.17%	0.5%	0.17%
AMD	F	0.14%	0.74%	0.14%
AMT	D	0.06%	0.37%	0.06%
AMZN	C	0.21%	5.34%	0.21%
AON	A	0.04%	0.27%	0.04%
APTV	D	0.39%	0.04%	0.04%
ARE	D	0.1%	0.05%	0.05%
AVGO	D	0.22%	1.95%	0.22%
AWK	D	0.32%	0.13%	0.13%
AZO	C	0.15%	0.09%	0.09%
BAC	A	0.12%	1.03%	0.12%
BALL	D	0.12%	0.07%	0.07%
BAX	D	0.05%	0.04%	0.04%
BBY	D	0.17%	0.09%	0.09%
BDX	F	0.05%	0.11%	0.05%
BG	F	0.36%	0.03%	0.03%
BK	A	0.11%	0.23%	0.11%
BKNG	A	0.13%	0.55%	0.13%
BKR	B	0.35%	0.1%	0.1%
BLK	C	0.09%	0.72%	0.09%
BMY	B	0.25%	0.39%	0.25%
BR	A	0.11%	0.09%	0.09%
BRK.A	B	0.49%	3.02%	0.49%
BSX	B	0.06%	0.21%	0.06%
C	A	0.13%	0.64%	0.13%
CAG	D	0.21%	0.03%	0.03%
CAH	B	0.19%	0.09%	0.09%
CAT	B	0.14%	0.31%	0.14%
CB	C	0.14%	0.26%	0.14%
CBRE	B	0.04%	0.2%	0.04%
CCL	B	0.09%	0.08%	0.08%
CDNS	B	0.33%	0.13%	0.13%
CEG	D	0.38%	0.18%	0.18%
CI	F	0.18%	0.3%	0.18%
CL	D	0.4%	0.31%	0.31%
CLX	B	0.41%	0.1%	0.1%
CMG	B	0.49%	0.27%	0.27%
CMI	A	0.08%	0.17%	0.08%
CMS	C	0.07%	0.05%	0.05%
COST	B	0.7%	1.01%	0.7%
CRM	B	0.35%	0.53%	0.35%
CRWD	B	0.18%	0.26%	0.18%
CSCO	B	0.21%	0.96%	0.21%
CTAS	B	0.17%	0.37%	0.17%
CTSH	B	0.13%	0.1%	0.1%
CTVA	C	0.08%	0.06%	0.06%
CVS	D	0.68%	0.28%	0.28%
CVX	A	0.75%	1.36%	0.75%
D	C	0.24%	0.08%	0.08%
DD	D	0.05%	0.12%	0.05%
DE	A	0.13%	0.44%	0.13%
DECK	A	0.29%	0.11%	0.11%
DFS	B	0.68%	0.18%	0.18%
DG	F	0.17%	0.02%	0.02%
DIS	B	0.2%	0.81%	0.2%
DLTR	F	0.17%	0.04%	0.04%
DOC	D	0.11%	0.08%	0.08%
DOV	A	0.17%	0.05%	0.05%
DOW	F	0.07%	0.1%	0.07%
DPZ	C	0.52%	0.04%	0.04%
DUK	C	0.07%	0.21%	0.07%
EA	A	0.48%	0.13%	0.13%
EBAY	D	0.22%	0.1%	0.1%
ECL	D	0.05%	0.17%	0.05%
ED	D	0.24%	0.05%	0.05%
EIX	B	0.24%	0.13%	0.13%
EL	F	0.49%	0.06%	0.06%
ELV	F	0.24%	0.39%	0.24%
EMR	A	0.03%	0.12%	0.03%
ESS	B	0.1%	0.06%	0.06%
ETR	B	0.25%	0.08%	0.08%
EW	C	0.06%	0.13%	0.06%
EXPD	D	0.09%	0.03%	0.03%
EXPE	B	0.12%	0.07%	0.07%
FANG	D	0.07%	0.05%	0.05%
FCX	D	0.29%	0.15%	0.15%
FDS	B	0.04%	0.1%	0.04%
FDX	B	0.07%	0.22%	0.07%
FFIV	B	0.2%	0.02%	0.02%
FITB	A	0.05%	0.08%	0.05%
FTV	C	0.03%	0.1%	0.03%
GEHC	F	0.1%	0.17%	0.1%
GEN	B	0.17%	0.07%	0.07%
GILD	C	0.24%	0.28%	0.24%
GIS	D	0.21%	0.18%	0.18%
GLW	B	0.19%	0.06%	0.06%
GM	B	0.24%	0.32%	0.24%
GS	A	0.25%	0.92%	0.25%
GWW	B	0.13%	0.17%	0.13%
HBAN	A	0.05%	0.06%	0.05%
HD	A	0.25%	0.99%	0.25%
HIG	B	0.14%	0.14%	0.14%
HLT	A	0.12%	0.25%	0.12%
HOLX	D	0.1%	0.06%	0.06%
HPE	B	0.19%	0.12%	0.12%
HPQ	B	0.34%	0.17%	0.17%
HST	C	0.11%	0.02%	0.02%
HSY	F	0.17%	0.1%	0.1%
IBM	C	0.33%	0.95%	0.33%
ICE	C	0.04%	0.44%	0.04%
IDXX	F	0.09%	0.06%	0.06%
IEX	B	0.2%	0.04%	0.04%
INTC	D	0.16%	0.53%	0.16%
INTU	C	0.2%	0.48%	0.2%
IPG	D	0.33%	0.06%	0.06%
IQV	D	0.13%	0.12%	0.12%
IRM	D	0.06%	0.13%	0.06%
IT	C	0.13%	0.17%	0.13%
ITW	B	0.17%	0.13%	0.13%
JBL	B	0.37%	0.03%	0.03%
JNJ	D	0.23%	1.79%	0.23%
JPM	A	0.12%	3.38%	0.12%
K	A	0.18%	0.09%	0.09%
KDP	D	0.24%	0.06%	0.06%
KEY	B	0.06%	0.05%	0.05%
KHC	F	0.21%	0.09%	0.09%
KLAC	D	0.17%	0.15%	0.15%
KMB	D	0.41%	0.22%	0.22%
KO	D	0.24%	1.2%	0.24%
KR	B	0.73%	0.2%	0.2%
LKQ	D	0.14%	0.02%	0.02%
LLY	F	0.23%	2.2%	0.23%
LNT	A	0.08%	0.05%	0.05%
LOW	D	0.25%	0.51%	0.25%
LULU	C	0.3%	0.19%	0.19%
LVS	C	0.08%	0.04%	0.04%
MA	C	0.05%	1.06%	0.05%
MAR	B	0.12%	0.28%	0.12%
MAS	D	0.19%	0.03%	0.03%
MCD	D	0.49%	0.35%	0.35%
MCK	B	0.18%	0.26%	0.18%
MCO	B	0.04%	0.13%	0.04%
MDLZ	F	0.18%	0.36%	0.18%
MDT	D	0.06%	0.36%	0.06%
MET	A	0.21%	0.2%	0.2%
META	D	0.46%	5.19%	0.46%
MKC	D	0.21%	0.06%	0.06%
MMC	B	0.03%	0.27%	0.03%
MRK	F	0.24%	1.02%	0.24%
MRNA	F	0.23%	0.04%	0.04%
MRO	B	0.07%	0.05%	0.05%
MS	A	0.26%	0.26%	0.26%
MSCI	C	0.04%	0.12%	0.04%
MSFT	F	0.32%	4.72%	0.32%
MU	D	0.15%	0.54%	0.15%
NDAQ	A	0.04%	0.13%	0.04%
NDSN	B	0.03%	0.04%	0.03%
NEM	D	0.24%	0.19%	0.19%
NI	A	0.32%	0.04%	0.04%
NKE	D	0.33%	0.22%	0.22%
NOW	A	0.22%	0.36%	0.22%
NRG	B	0.32%	0.04%	0.04%
NTAP	C	0.17%	0.08%	0.08%
NXPI	D	0.23%	0.23%	0.23%
OMC	C	0.33%	0.1%	0.1%
ORCL	B	0.34%	0.74%	0.34%
OTIS	C	0.08%	0.16%	0.08%
PANW	C	0.16%	0.32%	0.16%
PEG	A	0.25%	0.14%	0.14%
PFE	D	0.24%	0.36%	0.24%
PFG	D	0.2%	0.08%	0.08%
PG	A	0.41%	1.94%	0.41%
PNR	A	0.19%	0.07%	0.07%
PPL	B	0.08%	0.04%	0.04%
PSA	D	0.1%	0.09%	0.09%
PYPL	B	0.06%	0.29%	0.06%
QCOM	F	0.22%	0.6%	0.22%
RF	A	0.06%	0.06%	0.06%
ROK	B	0.03%	0.13%	0.03%
ROST	C	0.71%	0.2%	0.2%
RSG	A	0.18%	0.07%	0.07%
SBUX	A	0.48%	0.19%	0.19%
SHW	A	0.06%	0.15%	0.06%
SJM	D	0.21%	0.02%	0.02%
SLB	C	0.34%	0.31%	0.31%
SMCI	F	0.15%	0.05%	0.05%
SNPS	B	0.34%	0.21%	0.21%
SPGI	C	0.04%	0.65%	0.04%
SRE	A	0.07%	0.14%	0.07%
STT	A	0.11%	0.07%	0.07%
STX	D	0.17%	0.03%	0.03%
STZ	D	0.25%	0.07%	0.07%
SWK	D	0.26%	0.04%	0.04%
SYK	C	0.12%	0.56%	0.12%
TFC	A	0.05%	0.21%	0.05%
TFX	F	0.05%	0.02%	0.02%
TGT	F	0.17%	0.29%	0.17%
TJX	A	0.71%	0.67%	0.67%
TRV	B	0.14%	0.24%	0.14%
TSCO	D	0.12%	0.12%	0.12%
TSLA	B	0.27%	2.83%	0.27%
TSN	B	0.35%	0.03%	0.03%
TT	A	0.08%	0.38%	0.08%
TXN	C	0.22%	0.62%	0.22%
UBER	D	0.11%	0.49%	0.11%
UNH	C	0.25%	0.91%	0.25%
UNP	C	0.08%	0.58%	0.08%
USB	A	0.05%	0.39%	0.05%
V	A	0.04%	2.11%	0.04%
VICI	C	0.06%	0.17%	0.06%
VLO	C	0.49%	0.11%	0.11%
VRSK	A	0.04%	0.13%	0.04%
VRTX	F	0.23%	0.4%	0.23%
VTR	C	0.11%	0.07%	0.07%
VZ	C	0.32%	0.28%	0.28%
WAB	B	0.13%	0.09%	0.09%
WDC	D	0.17%	0.11%	0.11%
WELL	A	0.11%	0.32%	0.11%
WM	A	0.18%	0.13%	0.13%
WMT	A	0.72%	1.82%	0.72%
WST	C	0.05%	0.04%	0.04%
WTW	B	0.04%	0.15%	0.04%
WY	D	0.17%	0.11%	0.11%
XEL	A	0.07%	0.06%	0.06%
XOM	B	0.75%	2.63%	0.75%
XYL	D	0.19%	0.1%	0.1%
YUM	B	0.5%	0.12%	0.12%
ZBH	C	0.12%	0.04%	0.04%
ZBRA	B	0.13%	0.07%	0.07%
ZTS	D	0.25%	0.32%	0.25%

SHUS Overweight 265 Positions Relative to ESG

Symbol	Grade	Weight
SYY	B	0.73%
COF	B	0.69%
SYF	B	0.68%
WBA	F	0.63%
CMCSA	B	0.51%
PSX	C	0.5%
DRI	B	0.5%
L	A	0.49%
MSI	B	0.49%
MPC	D	0.48%
TTWO	A	0.48%
MTCH	D	0.46%
CHTR	C	0.46%
KVUE	A	0.41%
BWA	D	0.41%
CHD	B	0.41%
VST	B	0.4%
PWR	A	0.4%
J	F	0.39%
HRL	D	0.36%
PM	B	0.35%
MO	A	0.35%
T	A	0.33%
TMUS	B	0.33%
HCA	F	0.33%
HAL	C	0.33%
RL	B	0.32%
UHS	D	0.32%
ATO	A	0.32%
TPR	B	0.32%
GRMN	B	0.32%
NVR	D	0.3%
EXC	C	0.29%
UAL	A	0.28%
VRSN	F	0.27%
STLD	B	0.27%
DAL	C	0.27%
HUM	C	0.26%
HUBB	B	0.26%
ETN	A	0.26%
EQIX	A	0.26%
DLR	B	0.26%
GDDY	A	0.26%
PHM	D	0.25%
MOH	F	0.25%
LUV	C	0.25%
KMI	A	0.25%
MNST	C	0.25%
TAP	C	0.25%
SNA	A	0.25%
INCY	C	0.25%
SCHW	B	0.25%
CNP	B	0.25%
RJF	A	0.25%
ENPH	F	0.25%
NUE	C	0.25%
HAS	D	0.25%
CNC	D	0.25%
TRGP	B	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
BIIB	F	0.24%
ABBV	D	0.24%
NEE	D	0.24%
WMB	A	0.24%
LEN	D	0.24%
F	C	0.24%
DTE	C	0.24%
CTLT	B	0.24%
REGN	F	0.23%
AMGN	D	0.23%
DHI	D	0.23%
LW	C	0.22%
DAY	B	0.22%
NFLX	A	0.22%
PLTR	B	0.22%
ADI	D	0.22%
CPRT	A	0.22%
GOOGL	C	0.22%
ON	D	0.22%
GOOG	C	0.22%
ANET	C	0.21%
AOS	F	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
PAYX	C	0.21%
PAYC	B	0.21%
TYL	B	0.21%
MPWR	F	0.21%
IR	B	0.2%
PARA	C	0.2%
CPB	D	0.2%
ERIE	D	0.2%
AIZ	A	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
PRU	A	0.2%
KEYS	A	0.2%
TEL	B	0.19%
PGR	A	0.19%
WBD	C	0.19%
BBWI	D	0.19%
BLDR	D	0.19%
GL	B	0.19%
JNPR	F	0.19%
EQT	B	0.18%
GEV	B	0.18%
ROL	B	0.18%
COR	B	0.18%
MHK	D	0.18%
APH	A	0.18%
MMM	D	0.17%
ANSS	B	0.17%
GE	D	0.17%
FTNT	C	0.17%
MLM	B	0.17%
CTRA	B	0.17%
PTC	A	0.17%
DELL	C	0.17%
VMC	B	0.17%
PEP	F	0.17%
ULTA	F	0.17%
GD	F	0.16%
DVN	F	0.16%
BA	F	0.16%
DGX	A	0.16%
LH	C	0.16%
TXT	D	0.16%
HON	B	0.16%
TER	D	0.16%
TECH	D	0.15%
GPC	D	0.15%
WAT	B	0.15%
MTD	D	0.14%
CRL	C	0.14%
CINF	A	0.14%
URI	B	0.14%
ACGL	D	0.14%
EG	C	0.14%
ORLY	B	0.14%
KMX	B	0.14%
TMO	F	0.14%
EPAM	C	0.13%
POOL	C	0.13%
WFC	A	0.13%
NVDA	C	0.13%
MCHP	D	0.13%
LDOS	C	0.13%
WRB	A	0.13%
ABNB	C	0.12%
STE	F	0.12%
ISRG	A	0.12%
CDW	F	0.12%
FAST	B	0.12%
PCAR	B	0.12%
AMCR	D	0.12%
AME	A	0.12%
DVA	B	0.11%
EXR	D	0.11%
BXP	D	0.11%
PODD	C	0.1%
NWSA	B	0.1%
DHR	F	0.1%
NWS	B	0.1%
RVTY	F	0.1%
INVH	D	0.1%
EQR	B	0.1%
FOX	A	0.1%
UDR	B	0.1%
ALGN	D	0.1%
MAA	B	0.1%
FOXA	B	0.1%
AVB	B	0.1%
CPT	B	0.1%
AXON	A	0.09%
KKR	A	0.09%
AMP	A	0.09%
CHRW	C	0.09%
NCLH	B	0.09%
CF	B	0.09%
IVZ	B	0.09%
LYV	A	0.09%
RMD	C	0.09%
DXCM	D	0.09%
SO	D	0.08%
EVRG	A	0.08%
CARR	D	0.08%
AEE	A	0.08%
JCI	C	0.08%
PH	A	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
NSC	B	0.08%
LMT	D	0.08%
HII	D	0.08%
NOC	D	0.08%
BX	A	0.08%
RTX	C	0.08%
ODFL	B	0.08%
NTRS	A	0.08%
MOS	F	0.08%
JBHT	C	0.08%
CSX	B	0.08%
LHX	C	0.08%
FMC	D	0.08%
BEN	C	0.08%
TROW	B	0.08%
RCL	A	0.08%
UPS	C	0.08%
LYB	F	0.07%
SW	A	0.07%
OXY	D	0.07%
PPG	F	0.07%
CZR	F	0.07%
COP	C	0.07%
MGM	D	0.07%
EOG	A	0.07%
APA	D	0.07%
HES	B	0.07%
PNW	B	0.07%
CE	F	0.07%
ALLE	D	0.07%
WEC	A	0.07%
ES	D	0.07%
PCG	A	0.07%
HWM	A	0.07%
FI	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
IP	B	0.06%
KIM	A	0.06%
REG	B	0.06%
AVY	D	0.06%
FRT	B	0.06%
PLD	D	0.06%
SBAC	D	0.06%
CCI	D	0.06%
PKG	A	0.06%
O	D	0.06%
SPG	B	0.06%
TDG	D	0.06%
AXP	A	0.05%
APD	A	0.05%
SOLV	C	0.05%
IFF	D	0.05%
EMN	D	0.05%
ALB	C	0.05%
FIS	C	0.05%
JKHY	D	0.05%
CFG	B	0.05%
EFX	F	0.04%
CSGP	D	0.04%
GPN	B	0.04%
CBOE	B	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
LIN	D	0.04%
FICO	B	0.03%
VLTO	D	0.03%
TRMB	B	0.03%
TDY	B	0.03%
ROP	B	0.03%
BRO	B	0.03%

SHUS Underweight 24 Positions Relative to ESG

Symbol	Grade	Weight
APO	B	-0.35%
LRCX	F	-0.24%
FLUT	A	-0.23%
HUBS	A	-0.14%
LII	A	-0.09%
LNG	B	-0.08%
NU	C	-0.08%
CCEP	C	-0.08%
WSM	B	-0.08%
XPO	B	-0.07%
NVT	B	-0.06%
ACM	A	-0.06%
BURL	A	-0.05%
DOX	D	-0.05%
SUI	D	-0.05%
RPRX	D	-0.05%
SNAP	C	-0.04%
OC	A	-0.03%
LECO	B	-0.03%
OKTA	C	-0.02%
DKS	C	-0.02%
RNR	C	-0.02%
AVTR	F	-0.02%
PSTG	D	-0.02%