SHUS vs. RAFE ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to PIMCO RAFI ESG U.S. ETF (RAFE)

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

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$37.07

Average Daily Volume

11,678

Number of Holdings ^*

237

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	RAFE
30 Days	-0.12%	-1.21%
60 Days	2.26%	1.18%
90 Days	3.67%	3.36%
12 Months	14.48%	21.84%

205 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in RAFE	Overlap
A	F	0.15%	0.13%	0.13%
AAPL	C	0.49%	5.06%	0.49%
ABBV	F	0.24%	1.26%	0.24%
ABT	A	0.06%	0.93%	0.06%
ACN	C	0.13%	0.78%	0.13%
ADBE	D	0.15%	0.5%	0.15%
ADI	D	0.22%	0.31%	0.22%
ADM	D	0.36%	0.26%	0.26%
ADP	B	0.21%	0.37%	0.21%
AKAM	F	0.26%	0.06%	0.06%
ALL	A	0.19%	0.46%	0.19%
AMAT	F	0.17%	0.71%	0.17%
AMD	F	0.14%	0.05%	0.05%
AMGN	D	0.23%	0.98%	0.23%
AMP	A	0.09%	0.2%	0.09%
AMT	D	0.06%	0.15%	0.06%
ANET	C	0.21%	0.02%	0.02%
APD	A	0.05%	0.32%	0.05%
AVB	B	0.1%	0.13%	0.1%
AVGO	C	0.22%	1.07%	0.22%
AWK	C	0.32%	0.1%	0.1%
AXP	B	0.05%	0.51%	0.05%
BAC	A	0.12%	0.68%	0.12%
BALL	D	0.12%	0.13%	0.12%
BAX	F	0.05%	0.15%	0.05%
BBY	D	0.17%	0.4%	0.17%
BDX	F	0.05%	0.27%	0.05%
BIIB	F	0.24%	0.24%	0.24%
BK	B	0.11%	0.16%	0.11%
BMY	A	0.25%	1.6%	0.25%
BSX	A	0.06%	0.09%	0.06%
C	B	0.13%	2.61%	0.13%
CAG	F	0.21%	0.06%	0.06%
CAH	B	0.19%	0.24%	0.19%
CARR	D	0.08%	0.3%	0.08%
CBRE	B	0.04%	0.3%	0.04%
CCI	C	0.06%	0.21%	0.06%
CDNS	B	0.33%	0.1%	0.1%
CDW	F	0.12%	0.09%	0.09%
CF	A	0.09%	0.12%	0.09%
CHD	A	0.41%	0.05%	0.05%
CI	D	0.18%	1.09%	0.18%
CL	D	0.4%	0.29%	0.29%
CMCSA	B	0.51%	1.28%	0.51%
CMI	A	0.08%	0.16%	0.08%
CNC	F	0.25%	0.11%	0.11%
COR	B	0.18%	0.11%	0.11%
CPB	D	0.2%	0.04%	0.04%
CRM	B	0.35%	0.49%	0.35%
CSCO	B	0.21%	2.39%	0.21%
CTSH	C	0.13%	0.15%	0.13%
CTVA	C	0.08%	0.04%	0.04%
CVS	F	0.68%	0.32%	0.32%
DD	D	0.05%	0.48%	0.05%
DE	C	0.13%	0.43%	0.13%
DELL	B	0.17%	0.11%	0.11%
DG	F	0.17%	0.12%	0.12%
DGX	A	0.16%	0.05%	0.05%
DHR	D	0.1%	0.38%	0.1%
DIS	B	0.2%	0.85%	0.2%
DOV	B	0.17%	0.05%	0.05%
DOW	F	0.07%	0.42%	0.07%
DVA	C	0.11%	0.13%	0.11%
EA	A	0.48%	0.23%	0.23%
EBAY	D	0.22%	0.33%	0.22%
ECL	D	0.05%	0.21%	0.05%
EIX	C	0.24%	0.19%	0.19%
EL	F	0.49%	0.09%	0.09%
ELV	F	0.24%	0.76%	0.24%
EQIX	A	0.26%	0.19%	0.19%
EQR	C	0.1%	0.13%	0.1%
ESS	A	0.1%	0.04%	0.04%
EW	C	0.06%	0.12%	0.06%
F	C	0.24%	0.92%	0.24%
FAST	B	0.12%	0.1%	0.1%
FDX	B	0.07%	0.35%	0.07%
FI	A	0.06%	0.22%	0.06%
FIS	C	0.05%	0.29%	0.05%
FITB	B	0.05%	0.1%	0.05%
FOXA	B	0.1%	0.15%	0.1%
GEHC	D	0.1%	0.22%	0.1%
GEN	B	0.17%	0.03%	0.03%
GILD	C	0.24%	0.87%	0.24%
GIS	F	0.21%	0.26%	0.21%
GM	B	0.24%	1.79%	0.24%
GPC	F	0.15%	0.06%	0.06%
GS	B	0.25%	0.8%	0.25%
GWW	B	0.13%	0.15%	0.13%
HAS	D	0.25%	0.04%	0.04%
HCA	F	0.33%	0.08%	0.08%
HD	A	0.25%	1.4%	0.25%
HIG	B	0.14%	0.21%	0.14%
HLT	A	0.12%	0.12%	0.12%
HOLX	D	0.1%	0.08%	0.08%
HPE	B	0.19%	0.56%	0.19%
HPQ	B	0.34%	0.58%	0.34%
HRL	D	0.36%	0.01%	0.01%
HSIC	C	0.2%	0.04%	0.04%
HST	D	0.11%	0.09%	0.09%
HSY	F	0.17%	0.05%	0.05%
HUM	D	0.26%	0.33%	0.26%
IBM	C	0.33%	1.45%	0.33%
IFF	D	0.05%	0.1%	0.05%
INTC	C	0.16%	2.33%	0.16%
IP	A	0.06%	0.34%	0.06%
IRM	C	0.06%	0.15%	0.06%
ISRG	A	0.12%	0.11%	0.11%
ITW	B	0.17%	0.25%	0.17%
JCI	B	0.08%	0.45%	0.08%
JNJ	D	0.23%	2.55%	0.23%
JNPR	D	0.19%	0.16%	0.16%
JPM	A	0.12%	3.18%	0.12%
K	B	0.18%	0.14%	0.14%
KDP	D	0.24%	0.11%	0.11%
KEYS	C	0.2%	0.09%	0.09%
KHC	F	0.21%	0.17%	0.17%
KIM	A	0.06%	0.05%	0.05%
KLAC	F	0.17%	0.18%	0.17%
KMB	C	0.41%	0.23%	0.23%
KO	D	0.24%	0.78%	0.24%
LH	B	0.16%	0.15%	0.15%
LIN	D	0.04%	0.91%	0.04%
LKQ	F	0.14%	0.07%	0.07%
LLY	F	0.23%	0.6%	0.23%
LOW	C	0.25%	0.95%	0.25%
MA	B	0.05%	0.63%	0.05%
MAA	A	0.1%	0.06%	0.06%
MAR	B	0.12%	0.23%	0.12%
MCHP	F	0.13%	0.05%	0.05%
MCK	A	0.18%	0.34%	0.18%
MCO	D	0.04%	0.13%	0.04%
MDLZ	F	0.18%	0.24%	0.18%
MET	A	0.21%	0.55%	0.21%
META	C	0.46%	0.98%	0.46%
MHK	D	0.18%	0.04%	0.04%
MMM	D	0.17%	0.88%	0.17%
MOS	D	0.08%	0.17%	0.08%
MRK	F	0.24%	1.39%	0.24%
MSFT	D	0.32%	4.52%	0.32%
MSI	B	0.49%	0.17%	0.17%
MU	D	0.15%	0.84%	0.15%
NDAQ	A	0.04%	0.05%	0.04%
NEM	D	0.24%	0.36%	0.24%
NFLX	A	0.22%	0.06%	0.06%
NKE	F	0.33%	0.4%	0.33%
NTAP	C	0.17%	0.22%	0.17%
NTRS	A	0.08%	0.06%	0.06%
NVDA	A	0.13%	0.88%	0.13%
NWSA	B	0.1%	0.06%	0.06%
O	C	0.06%	0.01%	0.01%
OMC	C	0.33%	0.12%	0.12%
ON	F	0.22%	0.08%	0.08%
ORCL	A	0.34%	1.33%	0.34%
ORLY	B	0.14%	0.04%	0.04%
OTIS	C	0.08%	0.09%	0.08%
PARA	D	0.2%	0.18%	0.18%
PAYX	B	0.21%	0.09%	0.09%
PEP	F	0.17%	0.24%	0.17%
PFE	F	0.24%	1.92%	0.24%
PFG	C	0.2%	0.16%	0.16%
PG	C	0.41%	2.18%	0.41%
PGR	B	0.19%	0.2%	0.19%
PKG	B	0.06%	0.12%	0.06%
PLD	D	0.06%	0.06%	0.06%
PPG	F	0.07%	0.17%	0.07%
PRU	B	0.2%	0.4%	0.2%
PYPL	B	0.06%	0.51%	0.06%
QCOM	F	0.22%	1.29%	0.22%
ROK	B	0.03%	0.04%	0.03%
RSG	A	0.18%	0.03%	0.03%
SHW	C	0.06%	0.13%	0.06%
SJM	D	0.21%	0.07%	0.07%
SNPS	C	0.34%	0.07%	0.07%
SOLV	F	0.05%	0.07%	0.05%
SPGI	D	0.04%	0.08%	0.04%
STT	B	0.11%	0.21%	0.11%
SWK	F	0.26%	0.09%	0.09%
SYK	A	0.12%	0.09%	0.09%
SYY	D	0.73%	0.2%	0.2%
T	A	0.33%	1.86%	0.33%
TER	F	0.16%	0.08%	0.08%
TGT	B	0.17%	0.91%	0.17%
TJX	A	0.71%	0.38%	0.38%
TMUS	B	0.33%	0.37%	0.33%
TPR	B	0.32%	0.11%	0.11%
TROW	B	0.08%	0.09%	0.08%
TSCO	D	0.12%	0.09%	0.09%
TSLA	A	0.27%	0.39%	0.27%
TSN	B	0.35%	0.05%	0.05%
TXN	C	0.22%	0.7%	0.22%
UNH	C	0.25%	0.5%	0.25%
UPS	C	0.08%	0.42%	0.08%
V	A	0.04%	0.86%	0.04%
VTR	B	0.11%	0.18%	0.11%
VTRS	A	0.24%	0.07%	0.07%
VZ	C	0.32%	1.29%	0.32%
WAB	B	0.13%	0.07%	0.07%
WAT	C	0.15%	0.09%	0.09%
WBA	F	0.63%	0.08%	0.08%
WDC	F	0.17%	0.3%	0.17%
WELL	A	0.11%	0.26%	0.11%
WFC	A	0.13%	2.2%	0.13%
WM	B	0.18%	0.35%	0.18%
WY	D	0.17%	0.21%	0.17%
ZTS	D	0.25%	0.11%	0.11%

SHUS Overweight 295 Positions Relative to RAFE

Symbol	Grade	Weight
CVX	A	0.75%
XOM	B	0.75%
KR	B	0.73%
WMT	A	0.72%
ROST	D	0.71%
COST	A	0.7%
COF	B	0.69%
SYF	B	0.68%
DFS	B	0.68%
DPZ	C	0.52%
PSX	C	0.5%
DRI	C	0.5%
YUM	D	0.5%
L	A	0.49%
VLO	C	0.49%
MCD	D	0.49%
CMG	C	0.49%
BRK.A	B	0.49%
SBUX	A	0.48%
MPC	D	0.48%
TTWO	A	0.48%
MTCH	F	0.46%
CHTR	B	0.46%
CLX	A	0.41%
KVUE	A	0.41%
BWA	D	0.41%
VST	A	0.4%
PWR	A	0.4%
APTV	F	0.39%
J	D	0.39%
CEG	C	0.38%
JBL	C	0.37%
BG	D	0.36%
PM	A	0.35%
BKR	B	0.35%
MO	A	0.35%
SLB	C	0.34%
IPG	F	0.33%
HAL	C	0.33%
RL	C	0.32%
UHS	D	0.32%
ATO	A	0.32%
NI	A	0.32%
GRMN	B	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
LULU	C	0.3%
FCX	F	0.29%
EXC	C	0.29%
DECK	A	0.29%
UAL	A	0.28%
VRSN	F	0.27%
STLD	B	0.27%
DAL	A	0.27%
MS	A	0.26%
HUBB	B	0.26%
ETN	B	0.26%
DLR	A	0.26%
GDDY	A	0.26%
STZ	D	0.25%
PHM	D	0.25%
MOH	F	0.25%
LUV	B	0.25%
KMI	A	0.25%
MNST	C	0.25%
ETR	A	0.25%
TAP	B	0.25%
SNA	B	0.25%
INCY	C	0.25%
SCHW	A	0.25%
CNP	A	0.25%
RJF	A	0.25%
ENPH	F	0.25%
NUE	D	0.25%
PEG	C	0.25%
AEP	C	0.24%
D	C	0.24%
TRGP	A	0.24%
OKE	A	0.24%
FE	C	0.24%
ED	C	0.24%
NEE	C	0.24%
WMB	A	0.24%
LEN	D	0.24%
DTE	C	0.24%
CTLT	D	0.24%
REGN	F	0.23%
NXPI	F	0.23%
VRTX	D	0.23%
MRNA	F	0.23%
DHI	D	0.23%
LW	C	0.22%
DAY	B	0.22%
NOW	B	0.22%
PLTR	A	0.22%
CPRT	B	0.22%
GOOGL	B	0.22%
GOOG	B	0.22%
AOS	F	0.21%
MKC	D	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
PAYC	B	0.21%
TYL	B	0.21%
MPWR	F	0.21%
AMZN	B	0.21%
IR	B	0.2%
IEX	B	0.2%
AFL	C	0.2%
FFIV	B	0.2%
ERIE	F	0.2%
AIZ	A	0.2%
INTU	B	0.2%
FSLR	F	0.2%
TEL	C	0.19%
XYL	D	0.19%
MAS	D	0.19%
WBD	B	0.19%
GLW	B	0.19%
BBWI	C	0.19%
PNR	B	0.19%
BLDR	D	0.19%
GL	C	0.19%
AIG	C	0.19%
CRWD	B	0.18%
EQT	A	0.18%
GEV	A	0.18%
ROL	B	0.18%
APH	B	0.18%
ANSS	B	0.17%
GE	D	0.17%
FTNT	B	0.17%
MLM	B	0.17%
CTRA	B	0.17%
DLTR	F	0.17%
PTC	B	0.17%
VMC	B	0.17%
STX	D	0.17%
ULTA	F	0.17%
CTAS	B	0.17%
PANW	B	0.16%
GD	D	0.16%
DVN	F	0.16%
BA	D	0.16%
TXT	D	0.16%
HON	B	0.16%
ADSK	B	0.16%
TECH	F	0.15%
AZO	C	0.15%
SMCI	F	0.15%
MTD	F	0.14%
CRL	D	0.14%
CINF	A	0.14%
URI	B	0.14%
TRV	A	0.14%
CB	C	0.14%
CAT	C	0.14%
ACGL	D	0.14%
EG	D	0.14%
KMX	C	0.14%
TMO	F	0.14%
IT	C	0.13%
EPAM	C	0.13%
POOL	D	0.13%
ZBRA	B	0.13%
BKNG	A	0.13%
LDOS	C	0.13%
WRB	B	0.13%
IQV	F	0.13%
ABNB	D	0.12%
EXPE	B	0.12%
STE	D	0.12%
ZBH	C	0.12%
PCAR	C	0.12%
AMCR	D	0.12%
AME	A	0.12%
EXR	C	0.11%
DOC	D	0.11%
BR	B	0.11%
BXP	D	0.11%
UBER	F	0.11%
PODD	B	0.1%
NWS	A	0.1%
RVTY	D	0.1%
INVH	D	0.1%
FOX	A	0.1%
UDR	C	0.1%
ALGN	D	0.1%
PSA	C	0.1%
ARE	F	0.1%
CPT	C	0.1%
AXON	A	0.09%
EXPD	D	0.09%
KKR	A	0.09%
CCL	A	0.09%
CHRW	B	0.09%
NCLH	B	0.09%
BLK	B	0.09%
IVZ	C	0.09%
LYV	A	0.09%
RMD	C	0.09%
DXCM	C	0.09%
IDXX	F	0.09%
SO	C	0.08%
PPL	A	0.08%
EVRG	A	0.08%
LNT	A	0.08%
AEE	A	0.08%
TT	A	0.08%
PH	B	0.08%
GNRC	B	0.08%
UNP	D	0.08%
WYNN	D	0.08%
NSC	B	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%
LVS	B	0.08%
JBHT	C	0.08%
CSX	C	0.08%
LHX	B	0.08%
FMC	D	0.08%
BEN	C	0.08%
RCL	A	0.08%
LYB	F	0.07%
SW	A	0.07%
FANG	D	0.07%
OXY	F	0.07%
CZR	F	0.07%
COP	B	0.07%
MGM	D	0.07%
MRO	A	0.07%
EOG	A	0.07%
APA	F	0.07%
HES	B	0.07%
PNW	B	0.07%
CE	F	0.07%
ALLE	D	0.07%
DUK	C	0.07%
WEC	A	0.07%
ES	C	0.07%
PCG	A	0.07%
SRE	A	0.07%
XEL	A	0.07%
CMS	C	0.07%
HWM	A	0.07%
KEY	B	0.06%
RF	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
MDT	D	0.06%
REG	A	0.06%
AVY	D	0.06%
FRT	B	0.06%
SBAC	D	0.06%
VICI	C	0.06%
SPG	A	0.06%
TDG	D	0.06%
WST	D	0.05%
TFX	F	0.05%
EMN	D	0.05%
ALB	B	0.05%
JKHY	D	0.05%
HBAN	B	0.05%
TFC	A	0.05%
USB	B	0.05%
CFG	B	0.05%
EFX	F	0.04%
WTW	B	0.04%
AON	B	0.04%
CSGP	F	0.04%
GPN	C	0.04%
CBOE	C	0.04%
VRSK	B	0.04%
ICE	C	0.04%
FDS	B	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
MSCI	B	0.04%
FICO	B	0.03%
VLTO	C	0.03%
EMR	A	0.03%
NDSN	D	0.03%
FTV	D	0.03%
TRMB	B	0.03%
TDY	B	0.03%
ROP	C	0.03%
AJG	B	0.03%
MMC	D	0.03%
BRO	B	0.03%

SHUS Underweight 32 Positions Relative to RAFE

Symbol	Grade	Weight
LRCX	F	-0.43%
LUMN	C	-0.22%
JLL	D	-0.18%
WHR	B	-0.17%
OC	A	-0.17%
VFC	C	-0.16%
ARW	F	-0.12%
KSS	F	-0.12%
MRVL	B	-0.11%
PVH	C	-0.09%
GAP	D	-0.09%
DOX	D	-0.08%
AVT	C	-0.08%
ILMN	C	-0.07%
LNC	B	-0.07%
LEA	F	-0.07%
USFD	A	-0.07%
HUN	F	-0.06%
DXC	D	-0.06%
KD	A	-0.05%
EQH	B	-0.05%
GT	C	-0.05%
NWL	B	-0.04%
FLEX	B	-0.04%
XRX	F	-0.04%
FL	F	-0.04%
WU	F	-0.03%
AAP	D	-0.03%
AGCO	F	-0.03%
OGN	F	-0.03%
MAN	F	-0.02%
M	D	-0.02%