SHUS vs. QUS ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to SPDR MSCI USA Quality Mix ETF (QUS)

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

$43.63

Average Daily Volume

2,520

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$159.06

Average Daily Volume

15,011

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	QUS
30 Days	-0.12%	-0.81%
60 Days	2.26%	1.62%
90 Days	3.67%	3.00%
12 Months	14.48%	27.56%

484 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in QUS	Overlap
A	F	0.15%	0.11%	0.11%
AAPL	C	0.49%	3.24%	0.49%
ABBV	F	0.24%	0.49%	0.24%
ABNB	D	0.12%	0.02%	0.02%
ABT	A	0.06%	0.16%	0.06%
ACGL	D	0.14%	0.38%	0.14%
ACN	C	0.13%	1.18%	0.13%
ADBE	D	0.15%	0.71%	0.15%
ADI	D	0.22%	0.14%	0.14%
ADM	D	0.36%	0.08%	0.08%
ADP	B	0.21%	0.54%	0.21%
ADSK	B	0.16%	0.16%	0.16%
AEE	A	0.08%	0.11%	0.08%
AEP	C	0.24%	0.19%	0.19%
AES	F	0.31%	0.01%	0.01%
AFL	C	0.2%	0.22%	0.2%
AIG	C	0.19%	0.12%	0.12%
AIZ	A	0.2%	0.12%	0.12%
AJG	B	0.03%	0.46%	0.03%
AKAM	F	0.26%	0.14%	0.14%
ALB	B	0.05%	0.02%	0.02%
ALGN	D	0.1%	0.01%	0.01%
ALL	A	0.19%	0.06%	0.06%
ALLE	D	0.07%	0.04%	0.04%
AMAT	F	0.17%	0.48%	0.17%
AMCR	D	0.12%	0.02%	0.02%
AMD	F	0.14%	0.06%	0.06%
AME	A	0.12%	0.02%	0.02%
AMGN	D	0.23%	0.27%	0.23%
AMP	A	0.09%	0.04%	0.04%
AMT	D	0.06%	0.04%	0.04%
AMZN	B	0.21%	0.69%	0.21%
ANET	C	0.21%	0.39%	0.21%
ANSS	B	0.17%	0.01%	0.01%
AON	B	0.04%	0.21%	0.04%
AOS	F	0.21%	0.03%	0.03%
APA	F	0.07%	0.05%	0.05%
APD	A	0.05%	0.05%	0.05%
APH	B	0.18%	0.71%	0.18%
APTV	F	0.39%	0.02%	0.02%
ARE	F	0.1%	0.02%	0.02%
ATO	A	0.32%	0.04%	0.04%
AVB	B	0.1%	0.02%	0.02%
AVGO	C	0.22%	0.58%	0.22%
AVY	D	0.06%	0.01%	0.01%
AWK	C	0.32%	0.02%	0.02%
AXON	A	0.09%	0.0%	0.0%
AXP	B	0.05%	0.11%	0.05%
AZO	C	0.15%	0.36%	0.15%
BA	D	0.16%	0.02%	0.02%
BAC	A	0.12%	0.69%	0.12%
BALL	D	0.12%	0.02%	0.02%
BAX	F	0.05%	0.02%	0.02%
BBWI	C	0.19%	0.01%	0.01%
BBY	D	0.17%	0.09%	0.09%
BDX	F	0.05%	0.24%	0.05%
BEN	C	0.08%	0.01%	0.01%
BG	D	0.36%	0.05%	0.05%
BIIB	F	0.24%	0.02%	0.02%
BK	B	0.11%	0.09%	0.09%
BKNG	A	0.13%	0.04%	0.04%
BKR	B	0.35%	0.04%	0.04%
BLDR	D	0.19%	0.08%	0.08%
BLK	B	0.09%	0.46%	0.09%
BMY	A	0.25%	0.34%	0.25%
BR	B	0.11%	0.03%	0.03%
BRK.A	B	0.49%	1.1%	0.49%
BRO	B	0.03%	0.01%	0.01%
BSX	A	0.06%	0.04%	0.04%
BX	A	0.08%	0.05%	0.05%
BXP	D	0.11%	0.01%	0.01%
C	B	0.13%	0.45%	0.13%
CAG	F	0.21%	0.02%	0.02%
CAH	B	0.19%	0.12%	0.12%
CARR	D	0.08%	0.04%	0.04%
CAT	C	0.14%	0.63%	0.14%
CB	C	0.14%	0.65%	0.14%
CBOE	C	0.04%	0.29%	0.04%
CBRE	B	0.04%	0.05%	0.04%
CCI	C	0.06%	0.03%	0.03%
CCL	A	0.09%	0.01%	0.01%
CDNS	B	0.33%	0.29%	0.29%
CDW	F	0.12%	0.19%	0.12%
CE	F	0.07%	0.01%	0.01%
CEG	C	0.38%	0.03%	0.03%
CF	A	0.09%	0.03%	0.03%
CFG	B	0.05%	0.07%	0.05%
CHD	A	0.41%	0.14%	0.14%
CHRW	B	0.09%	0.02%	0.02%
CHTR	B	0.46%	0.09%	0.09%
CI	D	0.18%	0.24%	0.18%
CINF	A	0.14%	0.03%	0.03%
CL	D	0.4%	0.17%	0.17%
CLX	A	0.41%	0.01%	0.01%
CMCSA	B	0.51%	0.42%	0.42%
CME	A	0.04%	0.23%	0.04%
CMG	C	0.49%	0.22%	0.22%
CMI	A	0.08%	0.17%	0.08%
CMS	C	0.07%	0.09%	0.07%
CNC	F	0.25%	0.08%	0.08%
CNP	A	0.25%	0.02%	0.02%
COF	B	0.69%	0.17%	0.17%
COP	B	0.07%	0.17%	0.07%
COR	B	0.18%	0.35%	0.18%
COST	A	0.7%	1.31%	0.7%
CPAY	A	0.04%	0.02%	0.02%
CPB	D	0.2%	0.12%	0.12%
CPRT	B	0.22%	0.14%	0.14%
CPT	C	0.1%	0.01%	0.01%
CRL	D	0.14%	0.01%	0.01%
CRM	B	0.35%	0.12%	0.12%
CRWD	B	0.18%	0.06%	0.06%
CSCO	B	0.21%	1.34%	0.21%
CSGP	F	0.04%	0.01%	0.01%
CSX	C	0.08%	0.05%	0.05%
CTAS	B	0.17%	0.23%	0.17%
CTLT	D	0.24%	0.01%	0.01%
CTRA	B	0.17%	0.03%	0.03%
CTSH	C	0.13%	0.39%	0.13%
CTVA	C	0.08%	0.16%	0.08%
CVS	F	0.68%	0.29%	0.29%
CVX	A	0.75%	0.55%	0.55%
D	C	0.24%	0.14%	0.14%
DAL	A	0.27%	0.01%	0.01%
DAY	B	0.22%	0.0%	0.0%
DD	D	0.05%	0.04%	0.04%
DE	C	0.13%	0.1%	0.1%
DECK	A	0.29%	0.09%	0.09%
DELL	B	0.17%	0.06%	0.06%
DFS	B	0.68%	0.07%	0.07%
DG	F	0.17%	0.02%	0.02%
DGX	A	0.16%	0.06%	0.06%
DHI	D	0.23%	0.19%	0.19%
DHR	D	0.1%	0.09%	0.09%
DIS	B	0.2%	0.17%	0.17%
DLR	A	0.26%	0.04%	0.04%
DLTR	F	0.17%	0.02%	0.02%
DOC	D	0.11%	0.01%	0.01%
DOV	B	0.17%	0.02%	0.02%
DOW	F	0.07%	0.06%	0.06%
DPZ	C	0.52%	0.07%	0.07%
DRI	C	0.5%	0.02%	0.02%
DTE	C	0.24%	0.1%	0.1%
DUK	C	0.07%	0.6%	0.07%
DVA	C	0.11%	0.01%	0.01%
DVN	F	0.16%	0.04%	0.04%
DXCM	C	0.09%	0.0%	0.0%
EA	A	0.48%	0.31%	0.31%
EBAY	D	0.22%	0.02%	0.02%
ECL	D	0.05%	0.02%	0.02%
ED	C	0.24%	0.42%	0.24%
EFX	F	0.04%	0.01%	0.01%
EG	D	0.14%	0.18%	0.14%
EIX	C	0.24%	0.04%	0.04%
EL	F	0.49%	0.01%	0.01%
ELV	F	0.24%	0.29%	0.24%
EMN	D	0.05%	0.02%	0.02%
EMR	A	0.03%	0.05%	0.03%
ENPH	F	0.25%	0.02%	0.02%
EOG	A	0.07%	0.15%	0.07%
EPAM	C	0.13%	0.04%	0.04%
EQIX	A	0.26%	0.02%	0.02%
EQR	C	0.1%	0.02%	0.02%
EQT	A	0.18%	0.03%	0.03%
ERIE	F	0.2%	0.17%	0.17%
ES	C	0.07%	0.03%	0.03%
ESS	A	0.1%	0.01%	0.01%
ETN	B	0.26%	0.05%	0.05%
ETR	A	0.25%	0.05%	0.05%
EVRG	A	0.08%	0.02%	0.02%
EW	C	0.06%	0.12%	0.06%
EXC	C	0.29%	0.06%	0.06%
EXPD	D	0.09%	0.06%	0.06%
EXPE	B	0.12%	0.02%	0.02%
EXR	C	0.11%	0.02%	0.02%
F	C	0.24%	0.16%	0.16%
FANG	D	0.07%	0.22%	0.07%
FAST	B	0.12%	0.15%	0.12%
FCX	F	0.29%	0.04%	0.04%
FDS	B	0.04%	0.05%	0.04%
FDX	B	0.07%	0.12%	0.07%
FE	C	0.24%	0.02%	0.02%
FFIV	B	0.2%	0.23%	0.2%
FI	A	0.06%	0.31%	0.06%
FICO	B	0.03%	0.2%	0.03%
FIS	C	0.05%	0.03%	0.03%
FITB	B	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%	0.03%	0.03%
FTNT	B	0.17%	0.01%	0.01%
FTV	D	0.03%	0.02%	0.02%
GD	D	0.16%	0.07%	0.07%
GDDY	A	0.26%	0.34%	0.26%
GE	D	0.17%	0.11%	0.11%
GEHC	D	0.1%	0.03%	0.03%
GEN	B	0.17%	0.13%	0.13%
GEV	A	0.18%	0.05%	0.05%
GILD	C	0.24%	0.43%	0.24%
GIS	F	0.21%	0.25%	0.21%
GLW	B	0.19%	0.14%	0.14%
GM	B	0.24%	0.32%	0.24%
GOOG	B	0.22%	1.12%	0.22%
GOOGL	B	0.22%	1.2%	0.22%
GPC	F	0.15%	0.02%	0.02%
GPN	C	0.04%	0.04%	0.04%
GRMN	B	0.32%	0.2%	0.2%
GS	B	0.25%	0.3%	0.25%
GWW	B	0.13%	0.2%	0.13%
HAL	C	0.33%	0.03%	0.03%
HBAN	B	0.05%	0.06%	0.05%
HCA	F	0.33%	0.06%	0.06%
HD	A	0.25%	0.35%	0.25%
HES	B	0.07%	0.02%	0.02%
HIG	B	0.14%	0.09%	0.09%
HII	F	0.08%	0.01%	0.01%
HLT	A	0.12%	0.01%	0.01%
HOLX	D	0.1%	0.07%	0.07%
HON	B	0.16%	0.53%	0.16%
HPE	B	0.19%	0.06%	0.06%
HPQ	B	0.34%	0.07%	0.07%
HRL	D	0.36%	0.08%	0.08%
HSIC	C	0.2%	0.01%	0.01%
HST	D	0.11%	0.01%	0.01%
HSY	F	0.17%	0.18%	0.17%
HUBB	B	0.26%	0.07%	0.07%
HUM	D	0.26%	0.2%	0.2%
HWM	A	0.07%	0.01%	0.01%
IBM	C	0.33%	0.67%	0.33%
ICE	C	0.04%	0.14%	0.04%
IDXX	F	0.09%	0.12%	0.09%
IEX	B	0.2%	0.05%	0.05%
IFF	D	0.05%	0.02%	0.02%
INCY	C	0.25%	0.2%	0.2%
INTC	C	0.16%	0.18%	0.16%
INTU	B	0.2%	0.04%	0.04%
INVH	D	0.1%	0.01%	0.01%
IP	A	0.06%	0.04%	0.04%
IPG	F	0.33%	0.01%	0.01%
IQV	F	0.13%	0.02%	0.02%
IR	B	0.2%	0.02%	0.02%
IRM	C	0.06%	0.01%	0.01%
ISRG	A	0.12%	0.04%	0.04%
IT	C	0.13%	0.13%	0.13%
ITW	B	0.17%	0.27%	0.17%
J	D	0.39%	0.02%	0.02%
JBHT	C	0.08%	0.05%	0.05%
JBL	C	0.37%	0.03%	0.03%
JCI	B	0.08%	0.05%	0.05%
JKHY	D	0.05%	0.04%	0.04%
JNJ	D	0.23%	1.64%	0.23%
JNPR	D	0.19%	0.17%	0.17%
JPM	A	0.12%	1.06%	0.12%
K	B	0.18%	0.29%	0.18%
KDP	D	0.24%	0.23%	0.23%
KEY	B	0.06%	0.04%	0.04%
KEYS	C	0.2%	0.26%	0.2%
KHC	F	0.21%	0.18%	0.18%
KIM	A	0.06%	0.02%	0.02%
KKR	A	0.09%	0.04%	0.04%
KLAC	F	0.17%	0.29%	0.17%
KMB	C	0.41%	0.1%	0.1%
KMI	A	0.25%	0.07%	0.07%
KMX	C	0.14%	0.03%	0.03%
KO	D	0.24%	0.81%	0.24%
KR	B	0.73%	0.31%	0.31%
KVUE	A	0.41%	0.04%	0.04%
L	A	0.49%	0.12%	0.12%
LDOS	C	0.13%	0.02%	0.02%
LEN	D	0.24%	0.06%	0.06%
LH	B	0.16%	0.03%	0.03%
LHX	B	0.08%	0.04%	0.04%
LIN	D	0.04%	0.15%	0.04%
LKQ	F	0.14%	0.02%	0.02%
LLY	F	0.23%	1.92%	0.23%
LMT	D	0.08%	0.72%	0.08%
LNT	A	0.08%	0.05%	0.05%
LOW	C	0.25%	0.13%	0.13%
LULU	C	0.3%	0.12%	0.12%
LUV	B	0.25%	0.01%	0.01%
LVS	B	0.08%	0.01%	0.01%
LW	C	0.22%	0.03%	0.03%
LYB	F	0.07%	0.04%	0.04%
LYV	A	0.09%	0.01%	0.01%
MA	B	0.05%	1.69%	0.05%
MAA	A	0.1%	0.01%	0.01%
MAR	B	0.12%	0.02%	0.02%
MAS	D	0.19%	0.01%	0.01%
MCD	D	0.49%	0.5%	0.49%
MCHP	F	0.13%	0.1%	0.1%
MCK	A	0.18%	0.61%	0.18%
MCO	D	0.04%	0.21%	0.04%
MDLZ	F	0.18%	0.22%	0.18%
MDT	D	0.06%	0.15%	0.06%
MET	A	0.21%	0.09%	0.09%
META	C	0.46%	2.32%	0.46%
MGM	D	0.07%	0.01%	0.01%
MKC	D	0.21%	0.01%	0.01%
MKTX	D	0.04%	0.03%	0.03%
MLM	B	0.17%	0.02%	0.02%
MMC	D	0.03%	0.69%	0.03%
MMM	D	0.17%	0.28%	0.17%
MNST	C	0.25%	0.12%	0.12%
MO	A	0.35%	0.07%	0.07%
MOH	F	0.25%	0.13%	0.13%
MOS	D	0.08%	0.03%	0.03%
MPC	D	0.48%	0.32%	0.32%
MPWR	F	0.21%	0.07%	0.07%
MRK	F	0.24%	0.46%	0.24%
MRNA	F	0.23%	0.01%	0.01%
MRO	A	0.07%	0.04%	0.04%
MS	A	0.26%	0.21%	0.21%
MSCI	B	0.04%	0.01%	0.01%
MSFT	D	0.32%	2.7%	0.32%
MSI	B	0.49%	0.63%	0.49%
MTB	A	0.06%	0.08%	0.06%
MTCH	F	0.46%	0.01%	0.01%
MTD	F	0.14%	0.01%	0.01%
MU	D	0.15%	0.07%	0.07%
NDAQ	A	0.04%	0.02%	0.02%
NDSN	D	0.03%	0.01%	0.01%
NEE	C	0.24%	0.1%	0.1%
NEM	D	0.24%	0.18%	0.18%
NFLX	A	0.22%	0.14%	0.14%
NI	A	0.32%	0.02%	0.02%
NKE	F	0.33%	0.28%	0.28%
NOC	D	0.08%	0.55%	0.08%
NOW	B	0.22%	0.27%	0.22%
NRG	B	0.32%	0.03%	0.03%
NSC	B	0.08%	0.05%	0.05%
NTAP	C	0.17%	0.16%	0.16%
NTRS	A	0.08%	0.03%	0.03%
NUE	D	0.25%	0.07%	0.07%
NVDA	A	0.13%	2.76%	0.13%
NVR	D	0.3%	0.11%	0.11%
NWSA	B	0.1%	0.01%	0.01%
NXPI	F	0.23%	0.03%	0.03%
O	C	0.06%	0.04%	0.04%
ODFL	B	0.08%	0.13%	0.08%
OKE	A	0.24%	0.05%	0.05%
OMC	C	0.33%	0.07%	0.07%
ON	F	0.22%	0.02%	0.02%
ORCL	A	0.34%	0.53%	0.34%
ORLY	B	0.14%	0.26%	0.14%
OTIS	C	0.08%	0.04%	0.04%
OXY	F	0.07%	0.1%	0.07%
PANW	B	0.16%	0.32%	0.16%
PARA	D	0.2%	0.03%	0.03%
PAYC	B	0.21%	0.03%	0.03%
PAYX	B	0.21%	0.16%	0.16%
PCAR	C	0.12%	0.06%	0.06%
PCG	A	0.07%	0.06%	0.06%
PEG	C	0.25%	0.04%	0.04%
PEP	F	0.17%	1.01%	0.17%
PFE	F	0.24%	0.33%	0.24%
PFG	C	0.2%	0.03%	0.03%
PG	C	0.41%	0.59%	0.41%
PGR	B	0.19%	0.65%	0.19%
PH	B	0.08%	0.04%	0.04%
PHM	D	0.25%	0.11%	0.11%
PKG	B	0.06%	0.09%	0.06%
PLD	D	0.06%	0.08%	0.06%
PLTR	A	0.22%	0.01%	0.01%
PM	A	0.35%	0.11%	0.11%
PNC	B	0.06%	0.17%	0.06%
PNR	B	0.19%	0.01%	0.01%
PODD	B	0.1%	0.0%	0.0%
POOL	D	0.13%	0.04%	0.04%
PPG	F	0.07%	0.02%	0.02%
PPL	A	0.08%	0.03%	0.03%
PRU	B	0.2%	0.08%	0.08%
PSA	C	0.1%	0.14%	0.1%
PSX	C	0.5%	0.14%	0.14%
PTC	B	0.17%	0.18%	0.17%
PWR	A	0.4%	0.02%	0.02%
PYPL	B	0.06%	0.08%	0.06%
QCOM	F	0.22%	0.55%	0.22%
QRVO	F	0.21%	0.01%	0.01%
RCL	A	0.08%	0.01%	0.01%
REG	A	0.06%	0.01%	0.01%
REGN	F	0.23%	0.25%	0.23%
RF	A	0.06%	0.06%	0.06%
RJF	A	0.25%	0.03%	0.03%
RMD	C	0.09%	0.09%	0.09%
ROK	B	0.03%	0.1%	0.03%
ROL	B	0.18%	0.17%	0.17%
ROP	C	0.03%	0.46%	0.03%
ROST	D	0.71%	0.03%	0.03%
RSG	A	0.18%	0.54%	0.18%
RTX	D	0.08%	0.18%	0.08%
RVTY	D	0.1%	0.01%	0.01%
SBAC	D	0.06%	0.01%	0.01%
SBUX	A	0.48%	0.06%	0.06%
SCHW	A	0.25%	0.07%	0.07%
SHW	C	0.06%	0.26%	0.06%
SJM	D	0.21%	0.02%	0.02%
SLB	C	0.34%	0.05%	0.05%
SMCI	F	0.15%	0.03%	0.03%
SNA	B	0.25%	0.06%	0.06%
SNPS	C	0.34%	0.28%	0.28%
SO	C	0.08%	0.54%	0.08%
SOLV	F	0.05%	0.06%	0.05%
SPG	A	0.06%	0.03%	0.03%
SPGI	D	0.04%	0.07%	0.04%
SRE	A	0.07%	0.06%	0.06%
STE	D	0.12%	0.01%	0.01%
STLD	B	0.27%	0.04%	0.04%
STT	B	0.11%	0.06%	0.06%
STX	D	0.17%	0.07%	0.07%
STZ	D	0.25%	0.02%	0.02%
SW	A	0.07%	0.03%	0.03%
SWK	F	0.26%	0.02%	0.02%
SWKS	F	0.21%	0.05%	0.05%
SYF	B	0.68%	0.06%	0.06%
SYK	A	0.12%	0.05%	0.05%
SYY	D	0.73%	0.05%	0.05%
T	A	0.33%	0.69%	0.33%
TAP	B	0.25%	0.02%	0.02%
TDG	D	0.06%	0.01%	0.01%
TDY	B	0.03%	0.21%	0.03%
TECH	F	0.15%	0.0%	0.0%
TER	F	0.16%	0.04%	0.04%
TFC	A	0.05%	0.16%	0.05%
TFX	F	0.05%	0.01%	0.01%
TGT	B	0.17%	0.1%	0.1%
TJX	A	0.71%	0.56%	0.56%
TMO	F	0.14%	0.1%	0.1%
TMUS	B	0.33%	0.78%	0.33%
TRGP	A	0.24%	0.03%	0.03%
TRMB	B	0.03%	0.01%	0.01%
TROW	B	0.08%	0.09%	0.08%
TRV	A	0.14%	0.47%	0.14%
TSCO	D	0.12%	0.09%	0.09%
TSLA	A	0.27%	0.28%	0.27%
TSN	B	0.35%	0.3%	0.3%
TT	A	0.08%	0.26%	0.08%
TTWO	A	0.48%	0.01%	0.01%
TXN	C	0.22%	1.06%	0.22%
TXT	D	0.16%	0.02%	0.02%
TYL	B	0.21%	0.01%	0.01%
UBER	F	0.11%	0.18%	0.11%
UDR	C	0.1%	0.01%	0.01%
UHS	D	0.32%	0.02%	0.02%
ULTA	F	0.17%	0.08%	0.08%
UNH	C	0.25%	2.21%	0.25%
UNP	D	0.08%	0.08%	0.08%
UPS	C	0.08%	0.11%	0.08%
URI	B	0.14%	0.04%	0.04%
USB	B	0.05%	0.16%	0.05%
V	A	0.04%	1.91%	0.04%
VICI	C	0.06%	0.04%	0.04%
VLO	C	0.49%	0.15%	0.15%
VLTO	C	0.03%	0.08%	0.03%
VMC	B	0.17%	0.02%	0.02%
VRSK	B	0.04%	0.15%	0.04%
VRSN	F	0.27%	0.22%	0.22%
VRTX	D	0.23%	0.57%	0.23%
VST	A	0.4%	0.02%	0.02%
VTR	B	0.11%	0.02%	0.02%
VTRS	A	0.24%	0.05%	0.05%
VZ	C	0.32%	0.81%	0.32%
WAB	B	0.13%	0.02%	0.02%
WAT	C	0.15%	0.07%	0.07%
WBA	F	0.63%	0.06%	0.06%
WBD	B	0.19%	0.11%	0.11%
WDC	F	0.17%	0.02%	0.02%
WEC	A	0.07%	0.29%	0.07%
WELL	A	0.11%	0.04%	0.04%
WFC	A	0.13%	0.5%	0.13%
WM	B	0.18%	0.52%	0.18%
WMB	A	0.24%	0.15%	0.15%
WMT	A	0.72%	0.94%	0.72%
WRB	B	0.13%	0.12%	0.12%
WST	D	0.05%	0.06%	0.05%
WTW	B	0.04%	0.16%	0.04%
WY	D	0.17%	0.03%	0.03%
WYNN	D	0.08%	0.0%	0.0%
XEL	A	0.07%	0.2%	0.07%
XOM	B	0.75%	0.81%	0.75%
XYL	D	0.19%	0.01%	0.01%
YUM	D	0.5%	0.19%	0.19%
ZBH	C	0.12%	0.02%	0.02%
ZBRA	B	0.13%	0.01%	0.01%
ZTS	D	0.25%	0.25%	0.25%

SHUS Overweight 16 Positions Relative to QUS

Symbol	Grade	Weight
BWA	D	0.41%
RL	C	0.32%
TPR	B	0.32%
UAL	A	0.28%
HAS	D	0.25%
TEL	C	0.19%
GL	C	0.19%
MHK	D	0.18%
NWS	A	0.1%
NCLH	B	0.09%
IVZ	C	0.09%
GNRC	B	0.08%
FMC	D	0.08%
CZR	F	0.07%
PNW	B	0.07%
FRT	B	0.06%

SHUS Underweight 99 Positions Relative to QUS

Symbol	Grade	Weight
WCN	A	-0.53%
FCNCA	A	-0.34%
LRCX	F	-0.3%
BAH	D	-0.2%
MKL	A	-0.15%
AFG	A	-0.15%
WDAY	C	-0.15%
NBIX	C	-0.11%
UTHR	C	-0.1%
TPL	A	-0.09%
EME	A	-0.08%
BMRN	F	-0.08%
HUBS	B	-0.08%
VEEV	C	-0.08%
MANH	D	-0.07%
TW	A	-0.07%
MELI	D	-0.07%
ALNY	D	-0.07%
LPLA	A	-0.07%
WSO	A	-0.06%
WSM	D	-0.06%
GGG	B	-0.05%
LNG	A	-0.05%
KNX	B	-0.04%
CNH	C	-0.03%
ALLY	C	-0.03%
RS	B	-0.03%
TTC	F	-0.03%
ACI	C	-0.03%
APO	A	-0.03%
SQ	A	-0.03%
SEIC	B	-0.03%
OVV	C	-0.03%
APP	A	-0.02%
SSNC	C	-0.02%
CCK	D	-0.02%
EQH	B	-0.02%
MRVL	B	-0.02%
OC	A	-0.02%
FNF	A	-0.02%
CRBG	B	-0.02%
DINO	D	-0.02%
TTD	B	-0.01%
HOOD	A	-0.01%
ENTG	F	-0.01%
RIVN	F	-0.01%
BIO	C	-0.01%
Z	A	-0.01%
LII	A	-0.01%
VRT	A	-0.01%
ILMN	C	-0.01%
ARES	A	-0.01%
UHAL	D	-0.01%
AMH	C	-0.01%
WLK	F	-0.01%
RPRX	F	-0.01%
DASH	A	-0.01%
GLPI	C	-0.01%
WTRG	B	-0.01%
FBIN	F	-0.01%
TRU	D	-0.01%
CSL	C	-0.01%
AVTR	F	-0.01%
RPM	B	-0.01%
SUI	C	-0.01%
WPC	C	-0.01%
TWLO	A	-0.01%
BURL	A	-0.01%
ACM	B	-0.01%
COIN	A	-0.01%
CHRD	F	-0.01%
DKS	D	-0.01%
CG	B	-0.01%
ZM	B	-0.01%
CELH	F	-0.0%
IOT	A	-0.0%
ZS	B	-0.0%
TEAM	A	-0.0%
NET	B	-0.0%
RBLX	B	-0.0%
MDB	C	-0.0%
TOST	A	-0.0%
DKNG	B	-0.0%
BSY	D	-0.0%
PSTG	F	-0.0%
DDOG	A	-0.0%
SNAP	D	-0.0%
H	B	-0.0%
DT	C	-0.0%
DOCU	B	-0.0%
EXAS	D	-0.0%
HEI	A	-0.0%
ROKU	D	-0.0%
SNOW	C	-0.0%
PINS	F	-0.0%
MSTR	A	-0.0%
ELS	B	-0.0%
HEI	A	-0.0%
OKTA	D	-0.0%