SHUS vs. FCTR ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

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

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

166

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	FCTR
30 Days	2.26%	9.38%
60 Days	3.81%	12.16%
90 Days	5.24%	17.79%
12 Months	15.89%	36.88%

138 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in FCTR	Overlap
AAPL	C	0.49%	0.66%	0.49%
ACGL	D	0.14%	0.8%	0.14%
ADBE	C	0.15%	0.37%	0.15%
ADP	B	0.21%	1.1%	0.21%
ADSK	A	0.16%	0.42%	0.16%
AEE	A	0.08%	0.45%	0.08%
AEP	D	0.24%	0.41%	0.24%
AFL	B	0.2%	0.4%	0.2%
AME	A	0.12%	0.22%	0.12%
AMT	D	0.06%	0.34%	0.06%
ANET	C	0.21%	1.24%	0.21%
ATO	A	0.32%	0.27%	0.27%
AVB	B	0.1%	0.43%	0.1%
AVGO	D	0.22%	0.43%	0.22%
AWK	D	0.32%	0.38%	0.32%
AXON	A	0.09%	1.45%	0.09%
BDX	F	0.05%	0.39%	0.05%
BKNG	A	0.13%	0.29%	0.13%
BLK	C	0.09%	0.45%	0.09%
BR	A	0.11%	1.37%	0.11%
BRK.A	B	0.49%	0.24%	0.24%
BRO	B	0.03%	0.94%	0.03%
BSX	B	0.06%	0.47%	0.06%
BX	A	0.08%	0.36%	0.08%
CARR	D	0.08%	0.38%	0.08%
CB	C	0.14%	0.23%	0.14%
CDNS	B	0.33%	0.54%	0.33%
CHD	B	0.41%	0.23%	0.23%
CL	D	0.4%	1.01%	0.4%
CMG	B	0.49%	0.22%	0.22%
CMS	C	0.07%	0.46%	0.07%
COST	B	0.7%	0.34%	0.34%
CPAY	A	0.04%	0.26%	0.04%
CRWD	B	0.18%	0.68%	0.18%
CSCO	B	0.21%	0.25%	0.21%
CTAS	B	0.17%	1.05%	0.17%
DHI	D	0.23%	0.34%	0.23%
DPZ	C	0.52%	0.45%	0.45%
DRI	B	0.5%	0.49%	0.49%
DTE	C	0.24%	0.4%	0.24%
DUK	C	0.07%	0.49%	0.07%
DXCM	D	0.09%	0.4%	0.09%
ED	D	0.24%	0.43%	0.24%
EIX	B	0.24%	0.43%	0.24%
EQR	B	0.1%	0.4%	0.1%
ERIE	D	0.2%	0.45%	0.2%
ETN	A	0.26%	0.3%	0.26%
ETR	B	0.25%	0.5%	0.25%
EXC	C	0.29%	0.4%	0.29%
FAST	B	0.12%	0.52%	0.12%
FDS	B	0.04%	0.9%	0.04%
FE	C	0.24%	0.5%	0.24%
FI	A	0.06%	0.92%	0.06%
FICO	B	0.03%	1.51%	0.03%
GIS	D	0.21%	0.35%	0.21%
GWW	B	0.13%	0.28%	0.13%
HCA	F	0.33%	0.33%	0.33%
HON	B	0.16%	0.24%	0.16%
HSY	F	0.17%	0.19%	0.17%
HWM	A	0.07%	0.79%	0.07%
ICE	C	0.04%	0.77%	0.04%
IDXX	F	0.09%	0.31%	0.09%
INTU	C	0.2%	0.37%	0.2%
IRM	D	0.06%	0.61%	0.06%
ISRG	A	0.12%	0.91%	0.12%
ITW	B	0.17%	0.84%	0.17%
KDP	D	0.24%	0.42%	0.24%
KKR	A	0.09%	0.68%	0.09%
KLAC	D	0.17%	0.32%	0.17%
KMB	D	0.41%	0.39%	0.39%
KO	D	0.24%	0.52%	0.24%
LDOS	C	0.13%	0.8%	0.13%
LLY	F	0.23%	0.72%	0.23%
LMT	D	0.08%	0.45%	0.08%
LNT	A	0.08%	0.49%	0.08%
LW	C	0.22%	0.37%	0.22%
MA	C	0.05%	1.36%	0.05%
MCD	D	0.49%	0.65%	0.49%
MCO	B	0.04%	0.39%	0.04%
MDLZ	F	0.18%	0.19%	0.18%
MDT	D	0.06%	0.39%	0.06%
META	D	0.46%	0.45%	0.45%
MMC	B	0.03%	0.54%	0.03%
MNST	C	0.25%	0.19%	0.19%
MPWR	F	0.21%	0.31%	0.21%
MSCI	C	0.04%	0.49%	0.04%
MSFT	F	0.32%	0.36%	0.32%
MSI	B	0.49%	1.73%	0.49%
NFLX	A	0.22%	0.47%	0.22%
NI	A	0.32%	0.55%	0.32%
NOC	D	0.08%	0.4%	0.08%
NOW	A	0.22%	0.51%	0.22%
NVDA	C	0.13%	0.77%	0.13%
NVR	D	0.3%	0.36%	0.3%
O	D	0.06%	0.41%	0.06%
OKE	A	0.24%	0.36%	0.24%
ORCL	B	0.34%	0.51%	0.34%
ORLY	B	0.14%	0.43%	0.14%
PANW	C	0.16%	0.5%	0.16%
PAYX	C	0.21%	1.42%	0.21%
PCAR	B	0.12%	0.19%	0.12%
PEP	F	0.17%	0.2%	0.17%
PG	A	0.41%	0.52%	0.41%
PGR	A	0.19%	0.48%	0.19%
PH	A	0.08%	0.62%	0.08%
PHM	D	0.25%	0.42%	0.25%
PLTR	B	0.22%	2.43%	0.22%
PPG	F	0.07%	0.41%	0.07%
PPL	B	0.08%	0.51%	0.08%
PSA	D	0.1%	0.34%	0.1%
PWR	A	0.4%	0.37%	0.37%
RCL	A	0.08%	0.56%	0.08%
ROL	B	0.18%	0.9%	0.18%
ROP	B	0.03%	0.42%	0.03%
ROST	C	0.71%	0.47%	0.47%
RSG	A	0.18%	0.24%	0.18%
SBAC	D	0.06%	0.53%	0.06%
SNPS	B	0.34%	0.44%	0.34%
SO	D	0.08%	0.44%	0.08%
SPGI	C	0.04%	0.47%	0.04%
SRE	A	0.07%	0.5%	0.07%
SYK	C	0.12%	1.36%	0.12%
SYY	B	0.73%	0.77%	0.73%
TDG	D	0.06%	0.99%	0.06%
TJX	A	0.71%	0.6%	0.6%
TRGP	B	0.24%	0.73%	0.24%
TT	A	0.08%	0.82%	0.08%
TTWO	A	0.48%	0.51%	0.48%
URI	B	0.14%	0.41%	0.14%
V	A	0.04%	1.34%	0.04%
VICI	C	0.06%	0.63%	0.06%
VRSK	A	0.04%	0.93%	0.04%
VRSN	F	0.27%	0.87%	0.27%
VRTX	F	0.23%	0.37%	0.23%
VST	B	0.4%	1.86%	0.4%
WEC	A	0.07%	0.48%	0.07%
WM	A	0.18%	0.22%	0.18%
YUM	B	0.5%	0.95%	0.5%

SHUS Overweight 362 Positions Relative to FCTR

Symbol	Grade	Weight
CVX	A	0.75%
XOM	B	0.75%
KR	B	0.73%
WMT	A	0.72%
COF	B	0.69%
SYF	B	0.68%
CVS	D	0.68%
DFS	B	0.68%
WBA	F	0.63%
CMCSA	B	0.51%
PSX	C	0.5%
L	A	0.49%
EL	F	0.49%
VLO	C	0.49%
SBUX	A	0.48%
EA	A	0.48%
MPC	D	0.48%
MTCH	D	0.46%
CHTR	C	0.46%
CLX	B	0.41%
KVUE	A	0.41%
BWA	D	0.41%
APTV	D	0.39%
J	F	0.39%
CEG	D	0.38%
JBL	B	0.37%
HRL	D	0.36%
ADM	D	0.36%
BG	F	0.36%
PM	B	0.35%
BKR	B	0.35%
MO	A	0.35%
CRM	B	0.35%
TSN	B	0.35%
SLB	C	0.34%
HPQ	B	0.34%
T	A	0.33%
TMUS	B	0.33%
NKE	D	0.33%
IPG	D	0.33%
OMC	C	0.33%
IBM	C	0.33%
HAL	C	0.33%
RL	B	0.32%
UHS	D	0.32%
TPR	B	0.32%
GRMN	B	0.32%
VZ	C	0.32%
NRG	B	0.32%
AES	F	0.31%
LULU	C	0.3%
FCX	D	0.29%
DECK	A	0.29%
UAL	A	0.28%
STLD	B	0.27%
TSLA	B	0.27%
DAL	C	0.27%
MS	A	0.26%
HUM	C	0.26%
HUBB	B	0.26%
EQIX	A	0.26%
SWK	D	0.26%
DLR	B	0.26%
GDDY	A	0.26%
AKAM	D	0.26%
ZTS	D	0.25%
STZ	D	0.25%
MOH	F	0.25%
LUV	C	0.25%
KMI	A	0.25%
TAP	C	0.25%
SNA	A	0.25%
BMY	B	0.25%
INCY	C	0.25%
SCHW	B	0.25%
CNP	B	0.25%
RJF	A	0.25%
UNH	C	0.25%
LOW	D	0.25%
ENPH	F	0.25%
NUE	C	0.25%
HAS	D	0.25%
HD	A	0.25%
PEG	A	0.25%
GS	A	0.25%
CNC	D	0.25%
MRK	F	0.24%
D	C	0.24%
VTRS	A	0.24%
PFE	D	0.24%
BIIB	F	0.24%
ABBV	D	0.24%
NEE	D	0.24%
WMB	A	0.24%
NEM	D	0.24%
GM	B	0.24%
LEN	D	0.24%
ELV	F	0.24%
F	C	0.24%
GILD	C	0.24%
CTLT	B	0.24%
REGN	F	0.23%
NXPI	D	0.23%
MRNA	F	0.23%
AMGN	D	0.23%
JNJ	D	0.23%
EBAY	D	0.22%
DAY	B	0.22%
QCOM	F	0.22%
ADI	D	0.22%
CPRT	A	0.22%
GOOGL	C	0.22%
TXN	C	0.22%
ON	D	0.22%
GOOG	C	0.22%
KHC	F	0.21%
AOS	F	0.21%
MKC	D	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
SJM	D	0.21%
MET	A	0.21%
CAG	D	0.21%
PAYC	B	0.21%
TYL	B	0.21%
AMZN	C	0.21%
IR	B	0.2%
IEX	B	0.2%
PARA	C	0.2%
FFIV	B	0.2%
CPB	D	0.2%
AIZ	A	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
PRU	A	0.2%
KEYS	A	0.2%
DIS	B	0.2%
PFG	D	0.2%
CAH	B	0.19%
TEL	B	0.19%
XYL	D	0.19%
MAS	D	0.19%
HPE	B	0.19%
WBD	C	0.19%
GLW	B	0.19%
BBWI	D	0.19%
PNR	A	0.19%
ALL	A	0.19%
BLDR	D	0.19%
GL	B	0.19%
AIG	B	0.19%
JNPR	F	0.19%
EQT	B	0.18%
GEV	B	0.18%
COR	B	0.18%
K	A	0.18%
MCK	B	0.18%
CI	F	0.18%
MHK	D	0.18%
APH	A	0.18%
TGT	F	0.17%
MMM	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
GE	D	0.17%
FTNT	C	0.17%
MLM	B	0.17%
NTAP	C	0.17%
DOV	A	0.17%
GEN	B	0.17%
WY	D	0.17%
BBY	D	0.17%
CTRA	B	0.17%
DLTR	F	0.17%
PTC	A	0.17%
DELL	C	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	D	0.17%
AMAT	F	0.17%
ULTA	F	0.17%
INTC	D	0.16%
GD	F	0.16%
DVN	F	0.16%
BA	F	0.16%
DGX	A	0.16%
LH	C	0.16%
TXT	D	0.16%
TER	D	0.16%
TECH	D	0.15%
AZO	C	0.15%
GPC	D	0.15%
A	D	0.15%
WAT	B	0.15%
SMCI	F	0.15%
MU	D	0.15%
MTD	D	0.14%
CRL	C	0.14%
CINF	A	0.14%
TRV	B	0.14%
HIG	B	0.14%
CAT	B	0.14%
AMD	F	0.14%
EG	C	0.14%
KMX	B	0.14%
LKQ	D	0.14%
TMO	F	0.14%
IT	C	0.13%
EPAM	C	0.13%
POOL	C	0.13%
WFC	A	0.13%
CTSH	B	0.13%
C	A	0.13%
DE	A	0.13%
WAB	B	0.13%
ACN	C	0.13%
ZBRA	B	0.13%
MCHP	D	0.13%
WRB	A	0.13%
IQV	D	0.13%
HLT	A	0.12%
ABNB	C	0.12%
MAR	B	0.12%
EXPE	B	0.12%
STE	F	0.12%
CDW	F	0.12%
BAC	A	0.12%
BALL	D	0.12%
JPM	A	0.12%
ZBH	C	0.12%
TSCO	D	0.12%
AMCR	D	0.12%
VTR	C	0.11%
DVA	B	0.11%
WELL	A	0.11%
EXR	D	0.11%
DOC	D	0.11%
BXP	D	0.11%
HST	C	0.11%
BK	A	0.11%
UBER	D	0.11%
STT	A	0.11%
HOLX	D	0.1%
PODD	C	0.1%
NWSA	B	0.1%
DHR	F	0.1%
NWS	B	0.1%
RVTY	F	0.1%
ESS	B	0.1%
INVH	D	0.1%
FOX	A	0.1%
UDR	B	0.1%
GEHC	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
FOXA	B	0.1%
ARE	D	0.1%
CPT	B	0.1%
EXPD	D	0.09%
CCL	B	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%
EVRG	A	0.08%
JCI	C	0.08%
GNRC	B	0.08%
UNP	C	0.08%
WYNN	D	0.08%
NSC	B	0.08%
OTIS	C	0.08%
CMI	A	0.08%
HII	D	0.08%
RTX	C	0.08%
ODFL	B	0.08%
NTRS	A	0.08%
LVS	C	0.08%
MOS	F	0.08%
JBHT	C	0.08%
CSX	B	0.08%
CTVA	C	0.08%
LHX	C	0.08%
FMC	D	0.08%
BEN	C	0.08%
TROW	B	0.08%
UPS	C	0.08%
LYB	F	0.07%
SW	A	0.07%
FANG	D	0.07%
OXY	D	0.07%
CZR	F	0.07%
COP	C	0.07%
MGM	D	0.07%
MRO	B	0.07%
EOG	A	0.07%
APA	D	0.07%
DOW	F	0.07%
HES	B	0.07%
PNW	B	0.07%
CE	F	0.07%
ALLE	D	0.07%
ES	D	0.07%
FDX	B	0.07%
PCG	A	0.07%
XEL	A	0.07%
KEY	B	0.06%
RF	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
EW	C	0.06%
ABT	B	0.06%
PYPL	B	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%
CCI	D	0.06%
PKG	A	0.06%
SPG	B	0.06%
SHW	A	0.06%
AXP	A	0.05%
APD	A	0.05%
SOLV	C	0.05%
IFF	D	0.05%
ECL	D	0.05%
BAX	D	0.05%
WST	C	0.05%
TFX	F	0.05%
EMN	D	0.05%
ALB	C	0.05%
DD	D	0.05%
FIS	C	0.05%
JKHY	D	0.05%
HBAN	A	0.05%
TFC	A	0.05%
USB	A	0.05%
CFG	B	0.05%
FITB	A	0.05%
EFX	F	0.04%
WTW	B	0.04%
AON	A	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
GPN	B	0.04%
CBOE	B	0.04%
NDAQ	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
LIN	D	0.04%
ROK	B	0.03%
VLTO	D	0.03%
EMR	A	0.03%
NDSN	B	0.03%
FTV	C	0.03%
TRMB	B	0.03%
TDY	B	0.03%
AJG	B	0.03%

SHUS Underweight 28 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.82%
MSTR	C	-2.06%
ARES	A	-1.04%
APO	B	-1.03%
HOOD	B	-0.92%
THC	D	-0.81%
EME	C	-0.77%
TPL	A	-0.75%
MANH	D	-0.7%
TTD	B	-0.59%
NET	B	-0.58%
DDOG	A	-0.56%
HUBS	A	-0.55%
ZS	C	-0.53%
LNG	B	-0.52%
TOL	B	-0.52%
SNOW	C	-0.51%
RBLX	C	-0.49%
DASH	A	-0.47%
ALNY	D	-0.43%
GLPI	C	-0.42%
MDB	C	-0.4%
LII	A	-0.37%
BSY	D	-0.37%
CSL	C	-0.33%
RIVN	F	-0.32%
FCNCA	A	-0.31%
LECO	B	-0.17%