SHUS vs. ILCB ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to iShares Morningstar U.S. Equity ETF (ILCB)

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

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$82.76

Average Daily Volume

40,854

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	ILCB
30 Days	2.26%	3.62%
60 Days	3.81%	4.81%
90 Days	5.24%	6.51%
12 Months	15.89%	32.50%

479 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in ILCB	Overlap
A	D	0.15%	0.07%	0.07%
AAPL	C	0.49%	6.21%	0.49%
ABBV	D	0.24%	0.56%	0.24%
ABNB	C	0.12%	0.11%	0.11%
ABT	B	0.06%	0.39%	0.06%
ACGL	D	0.14%	0.07%	0.07%
ACN	C	0.13%	0.43%	0.13%
ADBE	C	0.15%	0.43%	0.15%
ADI	D	0.22%	0.2%	0.2%
ADM	D	0.36%	0.05%	0.05%
ADP	B	0.21%	0.23%	0.21%
ADSK	A	0.16%	0.12%	0.12%
AEE	A	0.08%	0.05%	0.05%
AEP	D	0.24%	0.1%	0.1%
AES	F	0.31%	0.02%	0.02%
AFL	B	0.2%	0.11%	0.11%
AIG	B	0.19%	0.09%	0.09%
AJG	B	0.03%	0.12%	0.03%
AKAM	D	0.26%	0.03%	0.03%
ALB	C	0.05%	0.02%	0.02%
ALGN	D	0.1%	0.03%	0.03%
ALL	A	0.19%	0.1%	0.1%
ALLE	D	0.07%	0.02%	0.02%
AMAT	F	0.17%	0.27%	0.17%
AMCR	D	0.12%	0.03%	0.03%
AMD	F	0.14%	0.42%	0.14%
AME	A	0.12%	0.09%	0.09%
AMGN	D	0.23%	0.29%	0.23%
AMP	A	0.09%	0.11%	0.09%
AMT	D	0.06%	0.18%	0.06%
AMZN	C	0.21%	3.7%	0.21%
ANET	C	0.21%	0.19%	0.19%
ANSS	B	0.17%	0.06%	0.06%
AON	A	0.04%	0.16%	0.04%
AOS	F	0.21%	0.02%	0.02%
APA	D	0.07%	0.02%	0.02%
APD	A	0.05%	0.14%	0.05%
APH	A	0.18%	0.16%	0.16%
APTV	D	0.39%	0.02%	0.02%
ARE	D	0.1%	0.03%	0.03%
ATO	A	0.32%	0.04%	0.04%
AVB	B	0.1%	0.06%	0.06%
AVGO	D	0.22%	1.45%	0.22%
AVY	D	0.06%	0.03%	0.03%
AWK	D	0.32%	0.05%	0.05%
AXON	A	0.09%	0.08%	0.08%
AXP	A	0.05%	0.31%	0.05%
AZO	C	0.15%	0.1%	0.1%
BA	F	0.16%	0.2%	0.16%
BAC	A	0.12%	0.61%	0.12%
BALL	D	0.12%	0.04%	0.04%
BAX	D	0.05%	0.03%	0.03%
BBY	D	0.17%	0.03%	0.03%
BDX	F	0.05%	0.13%	0.05%
BEN	C	0.08%	0.01%	0.01%
BG	F	0.36%	0.02%	0.02%
BIIB	F	0.24%	0.04%	0.04%
BK	A	0.11%	0.11%	0.11%
BKNG	A	0.13%	0.32%	0.13%
BKR	B	0.35%	0.08%	0.08%
BLDR	D	0.19%	0.04%	0.04%
BLK	C	0.09%	0.3%	0.09%
BMY	B	0.25%	0.22%	0.22%
BR	A	0.11%	0.05%	0.05%
BRK.A	B	0.49%	1.63%	0.49%
BRO	B	0.03%	0.05%	0.03%
BSX	B	0.06%	0.25%	0.06%
BX	A	0.08%	0.25%	0.08%
BXP	D	0.11%	0.02%	0.02%
C	A	0.13%	0.25%	0.13%
CAG	D	0.21%	0.02%	0.02%
CAH	B	0.19%	0.06%	0.06%
CARR	D	0.08%	0.12%	0.08%
CAT	B	0.14%	0.36%	0.14%
CB	C	0.14%	0.21%	0.14%
CBRE	B	0.04%	0.08%	0.04%
CCI	D	0.06%	0.09%	0.06%
CCL	B	0.09%	0.05%	0.05%
CDNS	B	0.33%	0.15%	0.15%
CDW	F	0.12%	0.05%	0.05%
CE	F	0.07%	0.02%	0.02%
CEG	D	0.38%	0.14%	0.14%
CF	B	0.09%	0.03%	0.03%
CFG	B	0.05%	0.04%	0.04%
CHD	B	0.41%	0.05%	0.05%
CHTR	C	0.46%	0.07%	0.07%
CI	F	0.18%	0.17%	0.17%
CINF	A	0.14%	0.05%	0.05%
CL	D	0.4%	0.15%	0.15%
CLX	B	0.41%	0.04%	0.04%
CMCSA	B	0.51%	0.32%	0.32%
CME	A	0.04%	0.16%	0.04%
CMG	B	0.49%	0.15%	0.15%
CMI	A	0.08%	0.1%	0.08%
CMS	C	0.07%	0.04%	0.04%
CNC	D	0.25%	0.06%	0.06%
CNP	B	0.25%	0.04%	0.04%
COF	B	0.69%	0.14%	0.14%
COP	C	0.07%	0.25%	0.07%
COR	B	0.18%	0.08%	0.08%
COST	B	0.7%	0.78%	0.7%
CPAY	A	0.04%	0.05%	0.04%
CPB	D	0.2%	0.02%	0.02%
CPRT	A	0.22%	0.1%	0.1%
CPT	B	0.1%	0.02%	0.02%
CRL	C	0.14%	0.02%	0.02%
CRM	B	0.35%	0.58%	0.35%
CRWD	B	0.18%	0.15%	0.15%
CSCO	B	0.21%	0.45%	0.21%
CSGP	D	0.04%	0.06%	0.04%
CSX	B	0.08%	0.13%	0.08%
CTAS	B	0.17%	0.14%	0.14%
CTRA	B	0.17%	0.04%	0.04%
CTSH	B	0.13%	0.07%	0.07%
CTVA	C	0.08%	0.07%	0.07%
CVS	D	0.68%	0.13%	0.13%
CVX	A	0.75%	0.53%	0.53%
D	C	0.24%	0.09%	0.09%
DAL	C	0.27%	0.08%	0.08%
DAY	B	0.22%	0.02%	0.02%
DD	D	0.05%	0.07%	0.05%
DE	A	0.13%	0.19%	0.13%
DECK	A	0.29%	0.05%	0.05%
DELL	C	0.17%	0.07%	0.07%
DFS	B	0.68%	0.09%	0.09%
DG	F	0.17%	0.03%	0.03%
DGX	A	0.16%	0.03%	0.03%
DHI	D	0.23%	0.09%	0.09%
DHR	F	0.1%	0.29%	0.1%
DIS	B	0.2%	0.4%	0.2%
DLR	B	0.26%	0.11%	0.11%
DLTR	F	0.17%	0.03%	0.03%
DOC	D	0.11%	0.03%	0.03%
DOV	A	0.17%	0.05%	0.05%
DOW	F	0.07%	0.06%	0.06%
DPZ	C	0.52%	0.03%	0.03%
DRI	B	0.5%	0.04%	0.04%
DTE	C	0.24%	0.05%	0.05%
DUK	C	0.07%	0.17%	0.07%
DVA	B	0.11%	0.02%	0.02%
DVN	F	0.16%	0.05%	0.05%
DXCM	D	0.09%	0.06%	0.06%
EA	A	0.48%	0.08%	0.08%
EBAY	D	0.22%	0.06%	0.06%
ECL	D	0.05%	0.12%	0.05%
ED	D	0.24%	0.06%	0.06%
EFX	F	0.04%	0.06%	0.04%
EG	C	0.14%	0.03%	0.03%
EIX	B	0.24%	0.06%	0.06%
EL	F	0.49%	0.03%	0.03%
ELV	F	0.24%	0.18%	0.18%
EMN	D	0.05%	0.02%	0.02%
EMR	A	0.03%	0.14%	0.03%
ENPH	F	0.25%	0.02%	0.02%
EOG	A	0.07%	0.15%	0.07%
EPAM	C	0.13%	0.03%	0.03%
EQIX	A	0.26%	0.16%	0.16%
EQR	B	0.1%	0.05%	0.05%
EQT	B	0.18%	0.05%	0.05%
ERIE	D	0.2%	0.02%	0.02%
ES	D	0.07%	0.04%	0.04%
ESS	B	0.1%	0.04%	0.04%
ETN	A	0.26%	0.28%	0.26%
ETR	B	0.25%	0.06%	0.06%
EVRG	A	0.08%	0.03%	0.03%
EW	C	0.06%	0.08%	0.06%
EXC	C	0.29%	0.08%	0.08%
EXPD	D	0.09%	0.03%	0.03%
EXPE	B	0.12%	0.04%	0.04%
EXR	D	0.11%	0.07%	0.07%
F	C	0.24%	0.08%	0.08%
FANG	D	0.07%	0.06%	0.06%
FAST	B	0.12%	0.09%	0.09%
FCX	D	0.29%	0.12%	0.12%
FDS	B	0.04%	0.04%	0.04%
FDX	B	0.07%	0.13%	0.07%
FE	C	0.24%	0.04%	0.04%
FFIV	B	0.2%	0.03%	0.03%
FI	A	0.06%	0.23%	0.06%
FICO	B	0.03%	0.11%	0.03%
FIS	C	0.05%	0.09%	0.05%
FITB	A	0.05%	0.06%	0.05%
FOX	A	0.1%	0.01%	0.01%
FOXA	B	0.1%	0.02%	0.02%
FSLR	F	0.2%	0.04%	0.04%
FTNT	C	0.17%	0.12%	0.12%
FTV	C	0.03%	0.05%	0.03%
GD	F	0.16%	0.14%	0.14%
GDDY	A	0.26%	0.05%	0.05%
GE	D	0.17%	0.37%	0.17%
GEHC	F	0.1%	0.06%	0.06%
GEN	B	0.17%	0.03%	0.03%
GEV	B	0.18%	0.17%	0.17%
GILD	C	0.24%	0.21%	0.21%
GIS	D	0.21%	0.07%	0.07%
GLW	B	0.19%	0.07%	0.07%
GM	B	0.24%	0.12%	0.12%
GOOG	C	0.22%	1.74%	0.22%
GOOGL	C	0.22%	1.95%	0.22%
GPC	D	0.15%	0.03%	0.03%
GPN	B	0.04%	0.06%	0.04%
GRMN	B	0.32%	0.06%	0.06%
GS	A	0.25%	0.37%	0.25%
GWW	B	0.13%	0.1%	0.1%
HAL	C	0.33%	0.05%	0.05%
HBAN	A	0.05%	0.05%	0.05%
HCA	F	0.33%	0.12%	0.12%
HD	A	0.25%	0.78%	0.25%
HES	B	0.07%	0.08%	0.07%
HIG	B	0.14%	0.07%	0.07%
HII	D	0.08%	0.01%	0.01%
HLT	A	0.12%	0.12%	0.12%
HOLX	D	0.1%	0.04%	0.04%
HON	B	0.16%	0.29%	0.16%
HPE	B	0.19%	0.05%	0.05%
HPQ	B	0.34%	0.07%	0.07%
HRL	D	0.36%	0.02%	0.02%
HST	C	0.11%	0.02%	0.02%
HSY	F	0.17%	0.05%	0.05%
HUBB	B	0.26%	0.04%	0.04%
HUM	C	0.26%	0.06%	0.06%
HWM	A	0.07%	0.09%	0.07%
IBM	C	0.33%	0.36%	0.33%
ICE	C	0.04%	0.17%	0.04%
IDXX	F	0.09%	0.07%	0.07%
IEX	B	0.2%	0.03%	0.03%
IFF	D	0.05%	0.04%	0.04%
INCY	C	0.25%	0.02%	0.02%
INTC	D	0.16%	0.2%	0.16%
INTU	C	0.2%	0.37%	0.2%
INVH	D	0.1%	0.04%	0.04%
IP	B	0.06%	0.04%	0.04%
IPG	D	0.33%	0.02%	0.02%
IQV	D	0.13%	0.07%	0.07%
IR	B	0.2%	0.08%	0.08%
IRM	D	0.06%	0.06%	0.06%
ISRG	A	0.12%	0.36%	0.12%
IT	C	0.13%	0.08%	0.08%
ITW	B	0.17%	0.15%	0.15%
J	F	0.39%	0.03%	0.03%
JBHT	C	0.08%	0.03%	0.03%
JBL	B	0.37%	0.03%	0.03%
JCI	C	0.08%	0.11%	0.08%
JKHY	D	0.05%	0.02%	0.02%
JNJ	D	0.23%	0.71%	0.23%
JNPR	F	0.19%	0.02%	0.02%
JPM	A	0.12%	1.34%	0.12%
K	A	0.18%	0.04%	0.04%
KDP	D	0.24%	0.07%	0.07%
KEY	B	0.06%	0.03%	0.03%
KEYS	A	0.2%	0.05%	0.05%
KHC	F	0.21%	0.05%	0.05%
KIM	A	0.06%	0.03%	0.03%
KKR	A	0.09%	0.19%	0.09%
KLAC	D	0.17%	0.16%	0.16%
KMB	D	0.41%	0.09%	0.09%
KMI	A	0.25%	0.1%	0.1%
KMX	B	0.14%	0.02%	0.02%
KO	D	0.24%	0.46%	0.24%
KR	B	0.73%	0.08%	0.08%
KVUE	A	0.41%	0.08%	0.08%
L	A	0.49%	0.03%	0.03%
LDOS	C	0.13%	0.04%	0.04%
LEN	D	0.24%	0.0%	0.0%
LEN	D	0.24%	0.08%	0.08%
LH	C	0.16%	0.04%	0.04%
LHX	C	0.08%	0.09%	0.08%
LIN	D	0.04%	0.41%	0.04%
LKQ	D	0.14%	0.02%	0.02%
LLY	F	0.23%	1.22%	0.23%
LMT	D	0.08%	0.22%	0.08%
LNT	A	0.08%	0.03%	0.03%
LOW	D	0.25%	0.3%	0.25%
LULU	C	0.3%	0.07%	0.07%
LUV	C	0.25%	0.04%	0.04%
LVS	C	0.08%	0.04%	0.04%
LW	C	0.22%	0.02%	0.02%
LYB	F	0.07%	0.04%	0.04%
LYV	A	0.09%	0.04%	0.04%
MA	C	0.05%	0.82%	0.05%
MAA	B	0.1%	0.04%	0.04%
MAR	B	0.12%	0.12%	0.12%
MAS	D	0.19%	0.03%	0.03%
MCD	D	0.49%	0.41%	0.41%
MCHP	D	0.13%	0.06%	0.06%
MCK	B	0.18%	0.15%	0.15%
MCO	B	0.04%	0.14%	0.04%
MDLZ	F	0.18%	0.17%	0.17%
MDT	D	0.06%	0.22%	0.06%
MET	A	0.21%	0.1%	0.1%
META	D	0.46%	2.34%	0.46%
MGM	D	0.07%	0.02%	0.02%
MKC	D	0.21%	0.04%	0.04%
MLM	B	0.17%	0.07%	0.07%
MMC	B	0.03%	0.21%	0.03%
MMM	D	0.17%	0.14%	0.14%
MNST	C	0.25%	0.07%	0.07%
MO	A	0.35%	0.18%	0.18%
MOH	F	0.25%	0.03%	0.03%
MOS	F	0.08%	0.02%	0.02%
MPC	D	0.48%	0.1%	0.1%
MPWR	F	0.21%	0.05%	0.05%
MRK	F	0.24%	0.47%	0.24%
MRNA	F	0.23%	0.02%	0.02%
MRO	B	0.07%	0.03%	0.03%
MS	A	0.26%	0.32%	0.26%
MSCI	C	0.04%	0.09%	0.04%
MSFT	F	0.32%	5.94%	0.32%
MSI	B	0.49%	0.16%	0.16%
MTB	A	0.06%	0.07%	0.06%
MTD	D	0.14%	0.05%	0.05%
MU	D	0.15%	0.21%	0.15%
NDAQ	A	0.04%	0.06%	0.04%
NDSN	B	0.03%	0.03%	0.03%
NEE	D	0.24%	0.3%	0.24%
NEM	D	0.24%	0.09%	0.09%
NFLX	A	0.22%	0.68%	0.22%
NI	A	0.32%	0.03%	0.03%
NKE	D	0.33%	0.17%	0.17%
NOC	D	0.08%	0.14%	0.08%
NOW	A	0.22%	0.4%	0.22%
NRG	B	0.32%	0.04%	0.04%
NSC	B	0.08%	0.11%	0.08%
NTAP	C	0.17%	0.05%	0.05%
NTRS	A	0.08%	0.04%	0.04%
NUE	C	0.25%	0.07%	0.07%
NVDA	C	0.13%	6.48%	0.13%
NVR	D	0.3%	0.05%	0.05%
NWS	B	0.1%	0.01%	0.01%
NWSA	B	0.1%	0.02%	0.02%
NXPI	D	0.23%	0.11%	0.11%
O	D	0.06%	0.09%	0.06%
ODFL	B	0.08%	0.08%	0.08%
OKE	A	0.24%	0.12%	0.12%
OMC	C	0.33%	0.04%	0.04%
ON	D	0.22%	0.05%	0.05%
ORCL	B	0.34%	0.57%	0.34%
ORLY	B	0.14%	0.14%	0.14%
OTIS	C	0.08%	0.08%	0.08%
OXY	D	0.07%	0.06%	0.06%
PANW	C	0.16%	0.24%	0.16%
PAYC	B	0.21%	0.02%	0.02%
PAYX	C	0.21%	0.09%	0.09%
PCAR	B	0.12%	0.11%	0.11%
PCG	A	0.07%	0.09%	0.07%
PEG	A	0.25%	0.09%	0.09%
PEP	F	0.17%	0.42%	0.17%
PFE	D	0.24%	0.27%	0.24%
PFG	D	0.2%	0.04%	0.04%
PG	A	0.41%	0.77%	0.41%
PGR	A	0.19%	0.29%	0.19%
PH	A	0.08%	0.17%	0.08%
PHM	D	0.25%	0.05%	0.05%
PKG	A	0.06%	0.04%	0.04%
PLD	D	0.06%	0.2%	0.06%
PLTR	B	0.22%	0.25%	0.22%
PM	B	0.35%	0.38%	0.35%
PNC	B	0.06%	0.16%	0.06%
PNR	A	0.19%	0.03%	0.03%
PODD	C	0.1%	0.03%	0.03%
POOL	C	0.13%	0.03%	0.03%
PPG	F	0.07%	0.06%	0.06%
PPL	B	0.08%	0.05%	0.05%
PRU	A	0.2%	0.09%	0.09%
PSA	D	0.1%	0.1%	0.1%
PSX	C	0.5%	0.11%	0.11%
PTC	A	0.17%	0.04%	0.04%
PWR	A	0.4%	0.09%	0.09%
PYPL	B	0.06%	0.17%	0.06%
QCOM	F	0.22%	0.34%	0.22%
QRVO	F	0.21%	0.01%	0.01%
RCL	A	0.08%	0.1%	0.08%
REG	B	0.06%	0.02%	0.02%
REGN	F	0.23%	0.15%	0.15%
RF	A	0.06%	0.05%	0.05%
RJF	A	0.25%	0.06%	0.06%
RMD	C	0.09%	0.07%	0.07%
ROK	B	0.03%	0.06%	0.03%
ROL	B	0.18%	0.03%	0.03%
ROP	B	0.03%	0.11%	0.03%
ROST	C	0.71%	0.09%	0.09%
RSG	A	0.18%	0.08%	0.08%
RTX	C	0.08%	0.3%	0.08%
RVTY	F	0.1%	0.03%	0.03%
SBAC	D	0.06%	0.05%	0.05%
SBUX	A	0.48%	0.22%	0.22%
SCHW	B	0.25%	0.22%	0.22%
SHW	A	0.06%	0.17%	0.06%
SJM	D	0.21%	0.02%	0.02%
SLB	C	0.34%	0.12%	0.12%
SMCI	F	0.15%	0.02%	0.02%
SNA	A	0.25%	0.04%	0.04%
SNPS	B	0.34%	0.15%	0.15%
SO	D	0.08%	0.18%	0.08%
SOLV	C	0.05%	0.02%	0.02%
SPG	B	0.06%	0.11%	0.06%
SPGI	C	0.04%	0.3%	0.04%
SRE	A	0.07%	0.11%	0.07%
STE	F	0.12%	0.04%	0.04%
STLD	B	0.27%	0.04%	0.04%
STT	A	0.11%	0.06%	0.06%
STX	D	0.17%	0.04%	0.04%
STZ	D	0.25%	0.07%	0.07%
SW	A	0.07%	0.05%	0.05%
SWK	D	0.26%	0.03%	0.03%
SWKS	F	0.21%	0.03%	0.03%
SYF	B	0.68%	0.05%	0.05%
SYK	C	0.12%	0.27%	0.12%
SYY	B	0.73%	0.07%	0.07%
T	A	0.33%	0.31%	0.31%
TAP	C	0.25%	0.02%	0.02%
TDG	D	0.06%	0.13%	0.06%
TDY	B	0.03%	0.04%	0.03%
TECH	D	0.15%	0.02%	0.02%
TEL	B	0.19%	0.09%	0.09%
TER	D	0.16%	0.03%	0.03%
TFC	A	0.05%	0.12%	0.05%
TFX	F	0.05%	0.02%	0.02%
TGT	F	0.17%	0.14%	0.14%
TJX	A	0.71%	0.26%	0.26%
TMO	F	0.14%	0.38%	0.14%
TMUS	B	0.33%	0.22%	0.22%
TRGP	B	0.24%	0.08%	0.08%
TRMB	B	0.03%	0.03%	0.03%
TROW	B	0.08%	0.05%	0.05%
TRV	B	0.14%	0.11%	0.11%
TSCO	D	0.12%	0.06%	0.06%
TSLA	B	0.27%	1.72%	0.27%
TSN	B	0.35%	0.03%	0.03%
TT	A	0.08%	0.18%	0.08%
TTWO	A	0.48%	0.06%	0.06%
TXN	C	0.22%	0.35%	0.22%
TXT	D	0.16%	0.03%	0.03%
TYL	B	0.21%	0.05%	0.05%
UAL	A	0.28%	0.06%	0.06%
UBER	D	0.11%	0.28%	0.11%
UDR	B	0.1%	0.03%	0.03%
UHS	D	0.32%	0.02%	0.02%
ULTA	F	0.17%	0.03%	0.03%
UNH	C	0.25%	1.05%	0.25%
UNP	C	0.08%	0.28%	0.08%
UPS	C	0.08%	0.19%	0.08%
URI	B	0.14%	0.11%	0.11%
USB	A	0.05%	0.15%	0.05%
V	A	0.04%	1.0%	0.04%
VICI	C	0.06%	0.06%	0.06%
VLO	C	0.49%	0.09%	0.09%
VLTO	D	0.03%	0.05%	0.03%
VMC	B	0.17%	0.07%	0.07%
VRSK	A	0.04%	0.08%	0.04%
VRSN	F	0.27%	0.03%	0.03%
VRTX	F	0.23%	0.23%	0.23%
VST	B	0.4%	0.09%	0.09%
VTR	C	0.11%	0.05%	0.05%
VTRS	A	0.24%	0.03%	0.03%
VZ	C	0.32%	0.34%	0.32%
WAB	B	0.13%	0.07%	0.07%
WAT	B	0.15%	0.04%	0.04%
WBA	F	0.63%	0.01%	0.01%
WBD	C	0.19%	0.04%	0.04%
WDC	D	0.17%	0.04%	0.04%
WEC	A	0.07%	0.06%	0.06%
WELL	A	0.11%	0.16%	0.11%
WFC	A	0.13%	0.49%	0.13%
WM	A	0.18%	0.15%	0.15%
WMB	A	0.24%	0.13%	0.13%
WMT	A	0.72%	0.7%	0.7%
WRB	A	0.13%	0.04%	0.04%
WST	C	0.05%	0.04%	0.04%
WTW	B	0.04%	0.06%	0.04%
WY	D	0.17%	0.04%	0.04%
WYNN	D	0.08%	0.02%	0.02%
XEL	A	0.07%	0.07%	0.07%
XOM	B	0.75%	1.02%	0.75%
XYL	D	0.19%	0.06%	0.06%
YUM	B	0.5%	0.07%	0.07%
ZBH	C	0.12%	0.04%	0.04%
ZBRA	B	0.13%	0.04%	0.04%
ZTS	D	0.25%	0.15%	0.15%

SHUS Overweight 22 Positions Relative to ILCB

Symbol	Grade	Weight
MTCH	D	0.46%
BWA	D	0.41%
RL	B	0.32%
TPR	B	0.32%
HAS	D	0.25%
CTLT	B	0.24%
PARA	C	0.2%
AIZ	A	0.2%
HSIC	B	0.2%
BBWI	D	0.19%
GL	B	0.19%
MHK	D	0.18%
CHRW	C	0.09%
NCLH	B	0.09%
IVZ	B	0.09%
GNRC	B	0.08%
FMC	D	0.08%
CZR	F	0.07%
PNW	B	0.07%
FRT	B	0.06%
CBOE	B	0.04%
MKTX	D	0.04%

SHUS Underweight 135 Positions Relative to ILCB

Symbol	Grade	Weight
LRCX	F	-0.18%
MELI	D	-0.18%
MRVL	B	-0.15%
APO	B	-0.13%
CRH	A	-0.13%
MSTR	C	-0.12%
COIN	C	-0.12%
APP	B	-0.12%
WDAY	B	-0.11%
DASH	A	-0.1%
TTD	B	-0.1%
SQ	B	-0.09%
LNG	B	-0.09%
FERG	B	-0.08%
SNOW	C	-0.08%
VRT	B	-0.08%
HUBS	A	-0.07%
DDOG	A	-0.07%
TEAM	A	-0.07%
CPNG	D	-0.06%
ALNY	D	-0.06%
ARES	A	-0.06%
VEEV	C	-0.06%
EME	C	-0.05%
LPLA	A	-0.05%
RBLX	C	-0.05%
TPL	A	-0.05%
NET	B	-0.05%
FCNCA	A	-0.05%
ZS	C	-0.04%
TRU	D	-0.04%
WSO	A	-0.04%
IBKR	A	-0.04%
EXE	B	-0.04%
BAH	F	-0.04%
DKNG	B	-0.04%
COO	D	-0.04%
ZM	B	-0.04%
LII	A	-0.04%
MDB	C	-0.04%
CSL	C	-0.04%
ILMN	D	-0.04%
MKL	A	-0.04%
FNF	B	-0.03%
RNR	C	-0.03%
SAIA	B	-0.03%
UTHR	C	-0.03%
AVTR	F	-0.03%
DT	C	-0.03%
ENTG	D	-0.03%
ACM	A	-0.03%
PSTG	D	-0.03%
USFD	A	-0.03%
TW	A	-0.03%
GGG	B	-0.03%
THC	D	-0.03%
CASY	A	-0.03%
FLEX	A	-0.03%
RGA	A	-0.03%
SUI	D	-0.03%
TOL	B	-0.03%
WSM	B	-0.03%
FIX	A	-0.03%
DOCU	A	-0.03%
SSNC	B	-0.03%
HEI	B	-0.03%
TWLO	A	-0.03%
HOOD	B	-0.03%
MANH	D	-0.03%
OC	A	-0.03%
PINS	D	-0.03%
XPO	B	-0.03%
NTNX	A	-0.03%
BURL	A	-0.03%
FWONK	B	-0.03%
RPM	A	-0.03%
RS	B	-0.03%
NTRA	B	-0.03%
MEDP	D	-0.02%
EXAS	D	-0.02%
WING	D	-0.02%
AR	B	-0.02%
MORN	B	-0.02%
WMS	D	-0.02%
WTRG	B	-0.02%
SRPT	D	-0.02%
ALLY	C	-0.02%
CNH	C	-0.02%
CHDN	B	-0.02%
UNM	A	-0.02%
RPRX	D	-0.02%
AFG	A	-0.02%
BJ	A	-0.02%
FND	C	-0.02%
TTEK	F	-0.02%
CCK	C	-0.02%
CG	A	-0.02%
HEI	B	-0.02%
BLD	D	-0.02%
RRX	B	-0.02%
SNAP	C	-0.02%
DKS	C	-0.02%
OVV	B	-0.02%
AMH	D	-0.02%
NVT	B	-0.02%
OKTA	C	-0.02%
BMRN	D	-0.02%
LECO	B	-0.02%
NBIX	C	-0.02%
WPC	D	-0.02%
SCI	B	-0.02%
EQH	B	-0.02%
CLH	B	-0.02%
ELS	C	-0.02%
GLPI	C	-0.02%
PFGC	B	-0.02%
COTY	F	-0.01%
PAG	B	-0.01%
CELH	F	-0.01%
WLK	D	-0.01%
BRKR	D	-0.01%
U	C	-0.01%
SNX	C	-0.01%
UHAL	D	-0.01%
PCOR	B	-0.01%
BSY	D	-0.01%
SIRI	C	-0.01%
AZPN	A	-0.01%
DINO	D	-0.01%
ACI	C	-0.01%
CNM	D	-0.01%
UHAL	D	-0.0%
FWONA	B	-0.0%
ALAB	B	-0.0%
AGR	B	-0.0%