SHUS vs. GLOF ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to iShares Global Equity Factor ETF (GLOF)

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

$43.86

Average Daily Volume

2,702

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.02

Average Daily Volume

4,452

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	GLOF
30 Days	0.93%	-1.67%
60 Days	4.36%	0.80%
90 Days	5.12%	2.27%
12 Months	18.39%	25.75%

165 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in GLOF	Overlap
A	D	0.15%	0.09%	0.09%
AAPL	C	0.49%	4.18%	0.49%
ABBV	F	0.24%	0.73%	0.24%
ABNB	C	0.12%	0.24%	0.12%
ABT	B	0.06%	0.24%	0.06%
ACN	C	0.13%	0.29%	0.13%
ADBE	F	0.15%	0.18%	0.15%
AFL	C	0.2%	0.17%	0.17%
AMAT	F	0.17%	0.36%	0.17%
AMGN	D	0.23%	0.23%	0.23%
AMP	A	0.09%	0.49%	0.09%
AMZN	B	0.21%	2.18%	0.21%
ANET	C	0.21%	0.24%	0.21%
AVGO	C	0.22%	1.3%	0.22%
AXP	A	0.05%	0.21%	0.05%
AZO	C	0.15%	0.41%	0.15%
BAC	A	0.12%	0.21%	0.12%
BBY	C	0.17%	0.4%	0.17%
BIIB	F	0.24%	0.02%	0.02%
BK	A	0.11%	0.1%	0.1%
BKNG	A	0.13%	0.75%	0.13%
BLDR	D	0.19%	0.47%	0.19%
BLK	A	0.09%	0.12%	0.09%
BMY	B	0.25%	0.33%	0.25%
BRK.A	A	0.49%	0.18%	0.18%
CAT	B	0.14%	0.05%	0.05%
CDNS	B	0.33%	0.51%	0.33%
CDW	F	0.12%	0.11%	0.11%
CEG	D	0.38%	0.01%	0.01%
CF	A	0.09%	0.07%	0.07%
CHTR	B	0.46%	0.05%	0.05%
COF	A	0.69%	0.35%	0.35%
COP	C	0.07%	0.13%	0.07%
COST	B	0.7%	0.51%	0.51%
CRWD	B	0.18%	0.26%	0.18%
CSCO	B	0.21%	0.24%	0.21%
CSX	B	0.08%	0.02%	0.02%
CTAS	B	0.17%	0.49%	0.17%
CVS	F	0.68%	0.1%	0.1%
CVX	A	0.75%	0.06%	0.06%
DE	D	0.13%	0.07%	0.07%
DELL	C	0.17%	0.33%	0.17%
DFS	A	0.68%	0.18%	0.18%
DHR	D	0.1%	0.01%	0.01%
DOW	F	0.07%	0.09%	0.07%
DTE	C	0.24%	0.08%	0.08%
DVA	C	0.11%	0.19%	0.11%
EA	A	0.48%	0.04%	0.04%
EBAY	D	0.22%	0.31%	0.22%
EG	D	0.14%	0.1%	0.1%
ELV	F	0.24%	0.32%	0.24%
EMR	A	0.03%	0.17%	0.03%
ETN	A	0.26%	0.18%	0.18%
FICO	A	0.03%	0.62%	0.03%
FOXA	A	0.1%	0.09%	0.09%
FRT	B	0.06%	0.04%	0.04%
FTNT	A	0.17%	0.64%	0.17%
GEHC	D	0.1%	0.14%	0.1%
GILD	B	0.24%	0.3%	0.24%
GL	B	0.19%	0.02%	0.02%
GM	A	0.24%	0.08%	0.08%
GOOG	B	0.22%	2.57%	0.22%
GS	A	0.25%	0.13%	0.13%
GWW	A	0.13%	0.25%	0.13%
HD	A	0.25%	0.68%	0.25%
HOLX	D	0.1%	0.24%	0.1%
HPE	B	0.19%	0.32%	0.19%
HPQ	B	0.34%	0.27%	0.27%
HSY	F	0.17%	0.13%	0.13%
HUM	F	0.26%	0.14%	0.14%
IBM	D	0.33%	0.08%	0.08%
IDXX	F	0.09%	0.07%	0.07%
INTU	A	0.2%	0.52%	0.2%
IT	B	0.13%	0.35%	0.13%
JNJ	D	0.23%	0.6%	0.23%
JPM	A	0.12%	0.9%	0.12%
KLAC	F	0.17%	0.32%	0.17%
KO	D	0.24%	0.2%	0.2%
KR	B	0.73%	0.42%	0.42%
LIN	D	0.04%	0.18%	0.04%
LLY	F	0.23%	0.81%	0.23%
LOW	A	0.25%	0.67%	0.25%
LULU	C	0.3%	0.07%	0.07%
LYB	F	0.07%	0.18%	0.07%
MA	A	0.05%	0.52%	0.05%
MAS	D	0.19%	0.18%	0.18%
MCD	D	0.49%	0.54%	0.49%
MCK	A	0.18%	0.6%	0.18%
MCO	C	0.04%	0.03%	0.03%
MDLZ	F	0.18%	0.05%	0.05%
MDT	D	0.06%	0.01%	0.01%
META	C	0.46%	1.39%	0.46%
MOH	F	0.25%	0.23%	0.23%
MOS	D	0.08%	0.03%	0.03%
MPC	D	0.48%	0.2%	0.2%
MRK	F	0.24%	0.44%	0.24%
MRNA	F	0.23%	0.04%	0.04%
MRO	A	0.07%	0.14%	0.07%
MSCI	A	0.04%	0.31%	0.04%
MSFT	D	0.32%	4.03%	0.32%
MSI	A	0.49%	0.5%	0.49%
MTCH	F	0.46%	0.03%	0.03%
MTD	F	0.14%	0.41%	0.14%
NDAQ	A	0.04%	0.06%	0.04%
NI	A	0.32%	0.03%	0.03%
NKE	D	0.33%	0.08%	0.08%
NOW	B	0.22%	0.35%	0.22%
NTAP	D	0.17%	0.12%	0.12%
NUE	D	0.25%	0.22%	0.22%
NVDA	B	0.13%	4.43%	0.13%
NVR	D	0.3%	0.2%	0.2%
NWS	A	0.1%	0.08%	0.08%
OMC	C	0.33%	0.02%	0.02%
ORCL	A	0.34%	0.39%	0.34%
ORLY	A	0.14%	0.33%	0.14%
PANW	B	0.16%	0.33%	0.16%
PAYX	B	0.21%	0.05%	0.05%
PCAR	B	0.12%	0.01%	0.01%
PEP	F	0.17%	0.63%	0.17%
PFE	F	0.24%	0.22%	0.22%
PFG	C	0.2%	0.1%	0.1%
PG	C	0.41%	0.7%	0.41%
PH	A	0.08%	0.05%	0.05%
PHM	D	0.25%	0.22%	0.22%
PLD	D	0.06%	0.01%	0.01%
PM	A	0.35%	0.26%	0.26%
PSA	C	0.1%	0.2%	0.1%
QCOM	F	0.22%	0.36%	0.22%
QRVO	F	0.21%	0.03%	0.03%
REG	A	0.06%	0.03%	0.03%
SBUX	A	0.48%	0.19%	0.19%
SNPS	C	0.34%	0.23%	0.23%
SPG	A	0.06%	0.08%	0.06%
SPGI	C	0.04%	0.2%	0.04%
STLD	B	0.27%	0.3%	0.27%
STT	A	0.11%	0.18%	0.11%
STX	D	0.17%	0.02%	0.02%
SYF	A	0.68%	0.57%	0.57%
T	A	0.33%	0.33%	0.33%
TGT	D	0.17%	0.29%	0.17%
TJX	A	0.71%	0.06%	0.06%
TMO	D	0.14%	0.36%	0.14%
TRV	A	0.14%	0.16%	0.14%
TSCO	D	0.12%	0.04%	0.04%
TSLA	B	0.27%	0.34%	0.27%
TT	A	0.08%	0.43%	0.08%
TXN	C	0.22%	0.37%	0.22%
UBER	C	0.11%	0.1%	0.1%
ULTA	D	0.17%	0.07%	0.07%
UNH	B	0.25%	0.76%	0.25%
UNP	D	0.08%	0.11%	0.08%
URI	B	0.14%	0.12%	0.12%
V	A	0.04%	0.74%	0.04%
VICI	C	0.06%	0.02%	0.02%
VLO	C	0.49%	0.13%	0.13%
VLTO	D	0.03%	0.17%	0.03%
VRSN	D	0.27%	0.02%	0.02%
VRTX	C	0.23%	0.17%	0.17%
VST	A	0.4%	0.38%	0.38%
VZ	C	0.32%	0.1%	0.1%
WFC	A	0.13%	0.16%	0.13%
WMT	A	0.72%	0.63%	0.63%
WY	D	0.17%	0.02%	0.02%
XOM	B	0.75%	0.36%	0.36%
YUM	D	0.5%	0.22%	0.22%

SHUS Overweight 335 Positions Relative to GLOF

Symbol	Grade	Weight
SYY	D	0.73%
ROST	D	0.71%
WBA	F	0.63%
DPZ	C	0.52%
CMCSA	B	0.51%
PSX	C	0.5%
DRI	B	0.5%
L	A	0.49%
EL	F	0.49%
CMG	B	0.49%
TTWO	A	0.48%
CLX	A	0.41%
KVUE	A	0.41%
KMB	C	0.41%
BWA	A	0.41%
CHD	A	0.41%
PWR	A	0.4%
CL	D	0.4%
APTV	F	0.39%
J	D	0.39%
JBL	C	0.37%
HRL	D	0.36%
ADM	D	0.36%
BG	D	0.36%
BKR	A	0.35%
MO	A	0.35%
CRM	A	0.35%
TSN	A	0.35%
SLB	C	0.34%
TMUS	A	0.33%
IPG	F	0.33%
HCA	D	0.33%
HAL	C	0.33%
AWK	C	0.32%
RL	B	0.32%
UHS	D	0.32%
ATO	A	0.32%
TPR	A	0.32%
GRMN	B	0.32%
NRG	B	0.32%
AES	F	0.31%
FCX	F	0.29%
EXC	C	0.29%
DECK	A	0.29%
UAL	A	0.28%
DAL	A	0.27%
MS	A	0.26%
HUBB	B	0.26%
EQIX	B	0.26%
SWK	F	0.26%
DLR	A	0.26%
GDDY	A	0.26%
AKAM	F	0.26%
ZTS	D	0.25%
STZ	D	0.25%
LUV	A	0.25%
KMI	A	0.25%
MNST	D	0.25%
ETR	A	0.25%
TAP	A	0.25%
SNA	A	0.25%
INCY	B	0.25%
SCHW	A	0.25%
CNP	A	0.25%
RJF	A	0.25%
ENPH	F	0.25%
HAS	D	0.25%
PEG	C	0.25%
CNC	F	0.25%
AEP	C	0.24%
D	C	0.24%
TRGP	A	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
ED	D	0.24%
KDP	D	0.24%
NEE	C	0.24%
WMB	A	0.24%
NEM	F	0.24%
LEN	D	0.24%
F	C	0.24%
CTLT	C	0.24%
EIX	C	0.24%
REGN	F	0.23%
NXPI	F	0.23%
DHI	D	0.23%
LW	C	0.22%
DAY	B	0.22%
NFLX	A	0.22%
PLTR	A	0.22%
ADI	D	0.22%
CPRT	A	0.22%
GOOGL	B	0.22%
ON	F	0.22%
KHC	F	0.21%
AOS	F	0.21%
MKC	D	0.21%
SWKS	F	0.21%
SJM	F	0.21%
MET	A	0.21%
GIS	D	0.21%
CAG	F	0.21%
ADP	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%
FFIV	B	0.2%
CPB	D	0.2%
ERIE	F	0.2%
AIZ	A	0.2%
HSIC	D	0.2%
FSLR	F	0.2%
PRU	A	0.2%
KEYS	C	0.2%
DIS	A	0.2%
CAH	B	0.19%
TEL	C	0.19%
XYL	D	0.19%
PGR	B	0.19%
WBD	B	0.19%
GLW	B	0.19%
BBWI	C	0.19%
PNR	A	0.19%
ALL	A	0.19%
AIG	B	0.19%
JNPR	D	0.19%
RSG	B	0.18%
EQT	A	0.18%
GEV	A	0.18%
WM	B	0.18%
ROL	A	0.18%
COR	B	0.18%
K	B	0.18%
CI	D	0.18%
MHK	D	0.18%
APH	B	0.18%
MMM	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
GE	D	0.17%
MLM	B	0.17%
DOV	A	0.17%
GEN	B	0.17%
ITW	B	0.17%
CTRA	A	0.17%
DLTR	F	0.17%
PTC	B	0.17%
VMC	B	0.17%
WDC	F	0.17%
INTC	C	0.16%
GD	D	0.16%
DVN	F	0.16%
BA	F	0.16%
DGX	A	0.16%
LH	B	0.16%
TXT	D	0.16%
HON	A	0.16%
ADSK	B	0.16%
TER	F	0.16%
TECH	D	0.15%
GPC	D	0.15%
WAT	B	0.15%
SMCI	F	0.15%
MU	D	0.15%
CRL	D	0.14%
CINF	A	0.14%
CB	C	0.14%
HIG	C	0.14%
AMD	F	0.14%
ACGL	C	0.14%
KMX	B	0.14%
LKQ	D	0.14%
EPAM	B	0.13%
POOL	D	0.13%
CTSH	B	0.13%
C	A	0.13%
WAB	B	0.13%
ZBRA	B	0.13%
MCHP	F	0.13%
LDOS	C	0.13%
WRB	A	0.13%
IQV	F	0.13%
HLT	A	0.12%
SYK	A	0.12%
MAR	A	0.12%
EXPE	A	0.12%
STE	D	0.12%
ISRG	A	0.12%
BALL	D	0.12%
ZBH	C	0.12%
FAST	B	0.12%
AMCR	C	0.12%
AME	A	0.12%
VTR	C	0.11%
WELL	A	0.11%
EXR	C	0.11%
DOC	D	0.11%
BR	A	0.11%
BXP	D	0.11%
HST	D	0.11%
PODD	A	0.1%
NWSA	B	0.1%
RVTY	D	0.1%
ESS	A	0.1%
INVH	D	0.1%
EQR	C	0.1%
FOX	A	0.1%
UDR	C	0.1%
ALGN	D	0.1%
MAA	A	0.1%
AVB	A	0.1%
ARE	D	0.1%
CPT	D	0.1%
AXON	A	0.09%
EXPD	D	0.09%
KKR	A	0.09%
CCL	A	0.09%
CHRW	A	0.09%
NCLH	B	0.09%
IVZ	B	0.09%
LYV	A	0.09%
RMD	C	0.09%
DXCM	C	0.09%
SO	C	0.08%
PPL	A	0.08%
EVRG	A	0.08%
CARR	D	0.08%
LNT	A	0.08%
AEE	A	0.08%
JCI	A	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
NSC	B	0.08%
OTIS	D	0.08%
CMI	A	0.08%
LMT	D	0.08%
HII	F	0.08%
NOC	D	0.08%
BX	A	0.08%
RTX	D	0.08%
ODFL	B	0.08%
NTRS	A	0.08%
LVS	C	0.08%
JBHT	B	0.08%
CTVA	D	0.08%
LHX	B	0.08%
FMC	F	0.08%
BEN	C	0.08%
TROW	A	0.08%
RCL	A	0.08%
UPS	C	0.08%
SW	A	0.07%
FANG	D	0.07%
OXY	F	0.07%
PPG	F	0.07%
CZR	F	0.07%
MGM	D	0.07%
EOG	A	0.07%
APA	F	0.07%
HES	B	0.07%
PNW	A	0.07%
CE	F	0.07%
ALLE	D	0.07%
DUK	C	0.07%
WEC	A	0.07%
ES	C	0.07%
FDX	A	0.07%
PCG	A	0.07%
SRE	A	0.07%
XEL	A	0.07%
CMS	C	0.07%
HWM	A	0.07%
FI	A	0.06%
KEY	A	0.06%
RF	A	0.06%
PNC	A	0.06%
MTB	A	0.06%
EW	C	0.06%
PYPL	A	0.06%
AMT	D	0.06%
BSX	B	0.06%
IP	A	0.06%
KIM	A	0.06%
AVY	D	0.06%
SBAC	D	0.06%
CCI	D	0.06%
PKG	B	0.06%
O	D	0.06%
IRM	D	0.06%
TDG	D	0.06%
SHW	B	0.06%
APD	A	0.05%
SOLV	C	0.05%
IFF	D	0.05%
ECL	D	0.05%
BAX	F	0.05%
WST	C	0.05%
BDX	F	0.05%
TFX	F	0.05%
EMN	C	0.05%
ALB	C	0.05%
DD	D	0.05%
FIS	B	0.05%
JKHY	D	0.05%
HBAN	A	0.05%
TFC	A	0.05%
USB	B	0.05%
CFG	A	0.05%
FITB	A	0.05%
EFX	F	0.04%
WTW	B	0.04%
AON	A	0.04%
CBRE	B	0.04%
CSGP	F	0.04%
GPN	B	0.04%
CBOE	D	0.04%
VRSK	B	0.04%
ICE	D	0.04%
FDS	A	0.04%
CPAY	A	0.04%
MKTX	C	0.04%
CME	A	0.04%
ROK	A	0.03%
NDSN	B	0.03%
FTV	D	0.03%
TRMB	A	0.03%
TDY	B	0.03%
ROP	C	0.03%
AJG	A	0.03%
MMC	C	0.03%
BRO	B	0.03%

SHUS Underweight 24 Positions Relative to GLOF

Symbol	Grade	Weight
TEAM	A	-0.54%
LII	B	-0.42%
DOCU	A	-0.38%
FERG	D	-0.37%
MFG	A	-0.3%
MELI	D	-0.28%
ALLY	C	-0.25%
LRCX	F	-0.22%
MUFG	A	-0.2%
FNF	C	-0.19%
HUBS	A	-0.16%
LI	F	-0.16%
SIRI	C	-0.13%
ZS	B	-0.13%
SMFG	A	-0.09%
TM	F	-0.08%
CRH	B	-0.06%
FWONA	B	-0.05%
LINE	F	-0.05%
CPNG	C	-0.05%
DOX	D	-0.04%
WIT	B	-0.02%
OKTA	D	-0.01%
VEEV	C	-0.01%