SHUS vs. SPY ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to SPDR S&P 500 (SPY)

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

$44.14

Average Daily Volume

2,728

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$595.54

Average Daily Volume

44,145,920

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	SPY
30 Days	1.04%	2.20%
60 Days	5.01%	6.59%
90 Days	5.78%	8.31%
12 Months	19.13%	34.88%

497 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in SPY	Overlap
A	F	0.15%	0.08%	0.08%
AAPL	C	0.49%	6.75%	0.49%
ABBV	D	0.24%	0.71%	0.24%
ABNB	C	0.12%	0.12%	0.12%
ABT	C	0.06%	0.4%	0.06%
ACGL	D	0.14%	0.08%	0.08%
ACN	C	0.13%	0.44%	0.13%
ADBE	C	0.15%	0.45%	0.15%
ADI	F	0.22%	0.22%	0.22%
ADM	F	0.36%	0.05%	0.05%
ADP	A	0.21%	0.25%	0.21%
ADSK	A	0.16%	0.13%	0.13%
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	C	0.2%	0.11%	0.11%
AIG	B	0.19%	0.1%	0.1%
AIZ	A	0.2%	0.02%	0.02%
AJG	A	0.03%	0.13%	0.03%
AKAM	F	0.26%	0.03%	0.03%
ALB	B	0.05%	0.02%	0.02%
ALGN	F	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%	0.31%	0.17%
AMCR	D	0.12%	0.03%	0.03%
AMD	F	0.14%	0.47%	0.14%
AME	A	0.12%	0.09%	0.09%
AMGN	F	0.23%	0.34%	0.23%
AMP	A	0.09%	0.11%	0.09%
AMT	F	0.06%	0.18%	0.06%
AMZN	A	0.21%	3.86%	0.21%
ANET	C	0.21%	0.22%	0.21%
ANSS	B	0.17%	0.06%	0.06%
AON	A	0.04%	0.17%	0.04%
AOS	F	0.21%	0.02%	0.02%
APA	F	0.07%	0.02%	0.02%
APD	B	0.05%	0.14%	0.05%
APH	B	0.18%	0.17%	0.17%
APTV	D	0.39%	0.03%	0.03%
ARE	F	0.1%	0.04%	0.04%
ATO	A	0.32%	0.04%	0.04%
AVB	A	0.1%	0.06%	0.06%
AVGO	C	0.22%	1.67%	0.22%
AVY	F	0.06%	0.03%	0.03%
AWK	D	0.32%	0.05%	0.05%
AXON	B	0.09%	0.07%	0.07%
AXP	B	0.05%	0.33%	0.05%
AZO	C	0.15%	0.11%	0.11%
BA	F	0.16%	0.21%	0.16%
BAC	A	0.12%	0.61%	0.12%
BALL	D	0.12%	0.04%	0.04%
BAX	F	0.05%	0.04%	0.04%
BBY	D	0.17%	0.04%	0.04%
BDX	D	0.05%	0.14%	0.05%
BEN	C	0.08%	0.01%	0.01%
BG	D	0.36%	0.02%	0.02%
BIIB	F	0.24%	0.05%	0.05%
BK	B	0.11%	0.12%	0.11%
BKNG	A	0.13%	0.33%	0.13%
BKR	B	0.35%	0.08%	0.08%
BLDR	D	0.19%	0.04%	0.04%
BMY	B	0.25%	0.22%	0.22%
BR	A	0.11%	0.05%	0.05%
BRK.A	B	0.49%	1.71%	0.49%
BRO	A	0.03%	0.05%	0.03%
BSX	A	0.06%	0.25%	0.06%
BWA	B	0.41%	0.02%	0.02%
BX	A	0.08%	0.25%	0.08%
BXP	D	0.11%	0.02%	0.02%
C	A	0.13%	0.26%	0.13%
CAG	F	0.21%	0.03%	0.03%
CAH	A	0.19%	0.06%	0.06%
CARR	C	0.08%	0.13%	0.08%
CAT	C	0.14%	0.4%	0.14%
CB	C	0.14%	0.21%	0.14%
CBOE	D	0.04%	0.04%	0.04%
CBRE	A	0.04%	0.08%	0.04%
CCI	F	0.06%	0.09%	0.06%
CCL	A	0.09%	0.05%	0.05%
CDNS	B	0.33%	0.16%	0.16%
CDW	F	0.12%	0.05%	0.05%
CE	F	0.07%	0.02%	0.02%
CEG	D	0.38%	0.15%	0.15%
CF	B	0.09%	0.03%	0.03%
CFG	B	0.05%	0.04%	0.04%
CHD	B	0.41%	0.05%	0.05%
CHRW	A	0.09%	0.02%	0.02%
CHTR	B	0.46%	0.08%	0.08%
CI	D	0.18%	0.18%	0.18%
CINF	A	0.14%	0.05%	0.05%
CL	F	0.4%	0.15%	0.15%
CLX	A	0.41%	0.04%	0.04%
CMCSA	B	0.51%	0.35%	0.35%
CME	A	0.04%	0.16%	0.04%
CMG	B	0.49%	0.16%	0.16%
CMI	A	0.08%	0.1%	0.08%
CMS	C	0.07%	0.04%	0.04%
CNC	F	0.25%	0.07%	0.07%
CNP	B	0.25%	0.04%	0.04%
COF	B	0.69%	0.15%	0.15%
COP	C	0.07%	0.26%	0.07%
COR	A	0.18%	0.09%	0.09%
COST	B	0.7%	0.79%	0.7%
CPAY	A	0.04%	0.05%	0.04%
CPB	F	0.2%	0.02%	0.02%
CPRT	A	0.22%	0.1%	0.1%
CPT	C	0.1%	0.02%	0.02%
CRL	C	0.14%	0.02%	0.02%
CRM	B	0.35%	0.59%	0.35%
CRWD	B	0.18%	0.15%	0.15%
CSCO	A	0.21%	0.46%	0.21%
CSGP	D	0.04%	0.06%	0.04%
CSX	B	0.08%	0.14%	0.08%
CTAS	A	0.17%	0.15%	0.15%
CTLT	D	0.24%	0.02%	0.02%
CTRA	B	0.17%	0.04%	0.04%
CTSH	A	0.13%	0.08%	0.08%
CTVA	C	0.08%	0.09%	0.08%
CVS	F	0.68%	0.15%	0.15%
CVX	B	0.75%	0.53%	0.53%
CZR	F	0.07%	0.02%	0.02%
D	D	0.24%	0.1%	0.1%
DAL	A	0.27%	0.08%	0.08%
DAY	C	0.22%	0.03%	0.03%
DD	D	0.05%	0.07%	0.05%
DE	D	0.13%	0.21%	0.13%
DECK	B	0.29%	0.05%	0.05%
DELL	B	0.17%	0.08%	0.08%
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	F	0.23%	0.1%	0.1%
DHR	F	0.1%	0.32%	0.1%
DIS	B	0.2%	0.36%	0.2%
DLR	C	0.26%	0.11%	0.11%
DLTR	F	0.17%	0.03%	0.03%
DOC	C	0.11%	0.03%	0.03%
DOV	A	0.17%	0.06%	0.06%
DOW	F	0.07%	0.07%	0.07%
DPZ	C	0.52%	0.03%	0.03%
DRI	B	0.5%	0.04%	0.04%
DTE	D	0.24%	0.05%	0.05%
DUK	D	0.07%	0.17%	0.07%
DVA	C	0.11%	0.01%	0.01%
DVN	F	0.16%	0.05%	0.05%
DXCM	C	0.09%	0.05%	0.05%
EA	A	0.48%	0.08%	0.08%
EBAY	C	0.22%	0.06%	0.06%
ECL	C	0.05%	0.12%	0.05%
ED	D	0.24%	0.07%	0.07%
EFX	D	0.04%	0.07%	0.04%
EG	D	0.14%	0.03%	0.03%
EIX	C	0.24%	0.06%	0.06%
EL	F	0.49%	0.03%	0.03%
ELV	F	0.24%	0.2%	0.2%
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%	0.14%	0.07%
EPAM	B	0.13%	0.02%	0.02%
EQIX	B	0.26%	0.17%	0.17%
EQR	C	0.1%	0.05%	0.05%
EQT	B	0.18%	0.05%	0.05%
ERIE	F	0.2%	0.02%	0.02%
ES	D	0.07%	0.04%	0.04%
ESS	C	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	D	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%	0.09%	0.09%
FANG	D	0.07%	0.07%	0.07%
FAST	A	0.12%	0.1%	0.1%
FCX	F	0.29%	0.13%	0.13%
FDS	A	0.04%	0.04%	0.04%
FDX	B	0.07%	0.13%	0.07%
FE	D	0.24%	0.04%	0.04%
FFIV	A	0.2%	0.03%	0.03%
FI	A	0.06%	0.24%	0.06%
FICO	B	0.03%	0.1%	0.03%
FIS	B	0.05%	0.09%	0.05%
FITB	A	0.05%	0.06%	0.05%
FMC	F	0.08%	0.02%	0.02%
FOX	A	0.1%	0.01%	0.01%
FOXA	A	0.1%	0.02%	0.02%
FRT	C	0.06%	0.02%	0.02%
FSLR	F	0.2%	0.04%	0.04%
FTNT	B	0.17%	0.1%	0.1%
FTV	D	0.03%	0.05%	0.03%
GD	A	0.16%	0.16%	0.16%
GDDY	A	0.26%	0.05%	0.05%
GE	C	0.17%	0.39%	0.17%
GEHC	F	0.1%	0.08%	0.08%
GEN	A	0.17%	0.03%	0.03%
GEV	B	0.18%	0.18%	0.18%
GILD	C	0.24%	0.23%	0.23%
GIS	F	0.21%	0.07%	0.07%
GL	B	0.19%	0.02%	0.02%
GLW	C	0.19%	0.07%	0.07%
GM	A	0.24%	0.12%	0.12%
GNRC	B	0.08%	0.02%	0.02%
GOOG	B	0.22%	1.71%	0.22%
GOOGL	B	0.22%	2.06%	0.22%
GPC	D	0.15%	0.03%	0.03%
GPN	B	0.04%	0.06%	0.04%
GRMN	A	0.32%	0.06%	0.06%
GS	B	0.25%	0.37%	0.25%
GWW	B	0.13%	0.11%	0.11%
HAL	C	0.33%	0.05%	0.05%
HAS	D	0.25%	0.02%	0.02%
HBAN	B	0.05%	0.05%	0.05%
HCA	D	0.33%	0.13%	0.13%
HD	B	0.25%	0.77%	0.25%
HES	C	0.07%	0.08%	0.07%
HIG	C	0.14%	0.07%	0.07%
HII	D	0.08%	0.02%	0.02%
HLT	A	0.12%	0.12%	0.12%
HOLX	D	0.1%	0.04%	0.04%
HON	B	0.16%	0.28%	0.16%
HPE	B	0.19%	0.06%	0.06%
HPQ	B	0.34%	0.07%	0.07%
HRL	F	0.36%	0.02%	0.02%
HSIC	F	0.2%	0.02%	0.02%
HST	C	0.11%	0.03%	0.03%
HSY	D	0.17%	0.05%	0.05%
HUBB	B	0.26%	0.05%	0.05%
HUM	D	0.26%	0.07%	0.07%
HWM	A	0.07%	0.09%	0.07%
IBM	C	0.33%	0.39%	0.33%
ICE	D	0.04%	0.18%	0.04%
IDXX	D	0.09%	0.07%	0.07%
IEX	B	0.2%	0.04%	0.04%
IFF	F	0.05%	0.04%	0.04%
INCY	B	0.25%	0.03%	0.03%
INTC	C	0.16%	0.21%	0.16%
INTU	A	0.2%	0.36%	0.2%
INVH	D	0.1%	0.04%	0.04%
IP	C	0.06%	0.04%	0.04%
IPG	F	0.33%	0.02%	0.02%
IQV	F	0.13%	0.08%	0.08%
IR	A	0.2%	0.08%	0.08%
IRM	D	0.06%	0.07%	0.06%
ISRG	A	0.12%	0.36%	0.12%
IT	A	0.13%	0.08%	0.08%
ITW	A	0.17%	0.15%	0.15%
IVZ	C	0.09%	0.02%	0.02%
J	B	0.39%	0.04%	0.04%
JBHT	B	0.08%	0.03%	0.03%
JBL	C	0.37%	0.03%	0.03%
JCI	A	0.08%	0.11%	0.08%
JKHY	C	0.05%	0.03%	0.03%
JNJ	D	0.23%	0.76%	0.23%
JNPR	D	0.19%	0.03%	0.03%
JPM	B	0.12%	1.4%	0.12%
K	A	0.18%	0.04%	0.04%
KDP	D	0.24%	0.07%	0.07%
KEY	B	0.06%	0.04%	0.04%
KEYS	C	0.2%	0.06%	0.06%
KHC	F	0.21%	0.06%	0.06%
KIM	A	0.06%	0.03%	0.03%
KKR	B	0.09%	0.2%	0.09%
KLAC	F	0.17%	0.18%	0.17%
KMB	F	0.41%	0.09%	0.09%
KMI	B	0.25%	0.1%	0.1%
KMX	C	0.14%	0.02%	0.02%
KO	F	0.24%	0.49%	0.24%
KR	A	0.73%	0.08%	0.08%
KVUE	B	0.41%	0.09%	0.09%
L	A	0.49%	0.03%	0.03%
LDOS	B	0.13%	0.05%	0.05%
LEN	D	0.24%	0.08%	0.08%
LH	A	0.16%	0.04%	0.04%
LHX	A	0.08%	0.1%	0.08%
LIN	D	0.04%	0.44%	0.04%
LKQ	D	0.14%	0.02%	0.02%
LLY	F	0.23%	1.22%	0.23%
LMT	C	0.08%	0.23%	0.08%
LNT	C	0.08%	0.03%	0.03%
LOW	B	0.25%	0.3%	0.25%
LULU	C	0.3%	0.07%	0.07%
LUV	B	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	B	0.09%	0.04%	0.04%
MA	B	0.05%	0.86%	0.05%
MAA	C	0.1%	0.04%	0.04%
MAR	A	0.12%	0.13%	0.12%
MAS	D	0.19%	0.03%	0.03%
MCD	C	0.49%	0.42%	0.42%
MCHP	F	0.13%	0.08%	0.08%
MCK	A	0.18%	0.14%	0.14%
MCO	C	0.04%	0.14%	0.04%
MDLZ	F	0.18%	0.18%	0.18%
MDT	D	0.06%	0.23%	0.06%
MET	C	0.21%	0.1%	0.1%
META	B	0.46%	2.49%	0.46%
MGM	D	0.07%	0.02%	0.02%
MHK	D	0.18%	0.02%	0.02%
MKC	D	0.21%	0.04%	0.04%
MKTX	C	0.04%	0.02%	0.02%
MLM	B	0.17%	0.08%	0.08%
MMC	C	0.03%	0.22%	0.03%
MMM	C	0.17%	0.15%	0.15%
MNST	B	0.25%	0.08%	0.08%
MO	A	0.35%	0.18%	0.18%
MOH	F	0.25%	0.04%	0.04%
MOS	D	0.08%	0.02%	0.02%
MPC	D	0.48%	0.1%	0.1%
MPWR	F	0.21%	0.08%	0.08%
MRK	F	0.24%	0.51%	0.24%
MRNA	F	0.23%	0.03%	0.03%
MRO	B	0.07%	0.03%	0.03%
MS	A	0.26%	0.33%	0.26%
MSCI	B	0.04%	0.09%	0.04%
MSFT	C	0.32%	6.23%	0.32%
MSI	B	0.49%	0.16%	0.16%
MTB	B	0.06%	0.07%	0.06%
MTCH	F	0.46%	0.02%	0.02%
MTD	F	0.14%	0.06%	0.06%
MU	D	0.15%	0.25%	0.15%
NCLH	B	0.09%	0.02%	0.02%
NDAQ	A	0.04%	0.06%	0.04%
NDSN	B	0.03%	0.03%	0.03%
NEE	D	0.24%	0.31%	0.24%
NEM	F	0.24%	0.1%	0.1%
NFLX	A	0.22%	0.67%	0.22%
NI	A	0.32%	0.03%	0.03%
NKE	F	0.33%	0.18%	0.18%
NOC	C	0.08%	0.14%	0.08%
NOW	A	0.22%	0.41%	0.22%
NRG	B	0.32%	0.04%	0.04%
NSC	B	0.08%	0.12%	0.08%
NTAP	D	0.17%	0.05%	0.05%
NTRS	A	0.08%	0.04%	0.04%
NUE	C	0.25%	0.08%	0.08%
NVDA	B	0.13%	7.14%	0.13%
NVR	D	0.3%	0.06%	0.06%
NWS	B	0.1%	0.01%	0.01%
NWSA	B	0.1%	0.02%	0.02%
NXPI	F	0.23%	0.12%	0.12%
O	D	0.06%	0.1%	0.06%
ODFL	B	0.08%	0.09%	0.08%
OKE	A	0.24%	0.12%	0.12%
OMC	B	0.33%	0.04%	0.04%
ON	F	0.22%	0.06%	0.06%
ORCL	A	0.34%	0.58%	0.34%
ORLY	A	0.14%	0.14%	0.14%
OTIS	C	0.08%	0.08%	0.08%
OXY	D	0.07%	0.07%	0.07%
PANW	A	0.16%	0.25%	0.16%
PARA	C	0.2%	0.01%	0.01%
PAYC	B	0.21%	0.02%	0.02%
PAYX	B	0.21%	0.09%	0.09%
PCAR	B	0.12%	0.12%	0.12%
PCG	A	0.07%	0.09%	0.07%
PEG	C	0.25%	0.08%	0.08%
PEP	D	0.17%	0.45%	0.17%
PFE	F	0.24%	0.31%	0.24%
PFG	C	0.2%	0.04%	0.04%
PG	C	0.41%	0.76%	0.41%
PGR	A	0.19%	0.3%	0.19%
PH	A	0.08%	0.18%	0.08%
PHM	D	0.25%	0.05%	0.05%
PKG	B	0.06%	0.04%	0.04%
PLD	D	0.06%	0.21%	0.06%
PLTR	B	0.22%	0.22%	0.22%
PM	C	0.35%	0.39%	0.35%
PNC	B	0.06%	0.16%	0.06%
PNR	A	0.19%	0.03%	0.03%
PNW	B	0.07%	0.02%	0.02%
PODD	B	0.1%	0.03%	0.03%
POOL	D	0.13%	0.03%	0.03%
PPG	F	0.07%	0.06%	0.06%
PPL	A	0.08%	0.05%	0.05%
PRU	B	0.2%	0.09%	0.09%
PSA	C	0.1%	0.1%	0.1%
PSX	D	0.5%	0.11%	0.11%
PTC	B	0.17%	0.05%	0.05%
PWR	B	0.4%	0.09%	0.09%
PYPL	A	0.06%	0.17%	0.06%
QCOM	F	0.22%	0.38%	0.22%
QRVO	F	0.21%	0.01%	0.01%
RCL	A	0.08%	0.11%	0.08%
REG	A	0.06%	0.02%	0.02%
REGN	F	0.23%	0.17%	0.17%
RF	B	0.06%	0.05%	0.05%
RJF	A	0.25%	0.06%	0.06%
RL	B	0.32%	0.02%	0.02%
RMD	C	0.09%	0.07%	0.07%
ROK	B	0.03%	0.07%	0.03%
ROL	B	0.18%	0.03%	0.03%
ROP	A	0.03%	0.12%	0.03%
ROST	F	0.71%	0.09%	0.09%
RSG	A	0.18%	0.08%	0.08%
RTX	C	0.08%	0.32%	0.08%
RVTY	C	0.1%	0.03%	0.03%
SBAC	D	0.06%	0.05%	0.05%
SBUX	B	0.48%	0.22%	0.22%
SCHW	A	0.25%	0.23%	0.23%
SHW	A	0.06%	0.18%	0.06%
SJM	F	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%	0.17%	0.17%
SO	D	0.08%	0.19%	0.08%
SOLV	D	0.05%	0.02%	0.02%
SPG	B	0.06%	0.11%	0.06%
SPGI	C	0.04%	0.31%	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	B	0.11%	0.06%	0.06%
STX	D	0.17%	0.04%	0.04%
STZ	D	0.25%	0.07%	0.07%
SW	C	0.07%	0.05%	0.05%
SWK	F	0.26%	0.03%	0.03%
SWKS	F	0.21%	0.03%	0.03%
SYF	B	0.68%	0.05%	0.05%
SYK	A	0.12%	0.25%	0.12%
SYY	B	0.73%	0.08%	0.08%
T	A	0.33%	0.32%	0.32%
TAP	B	0.25%	0.02%	0.02%
TDG	B	0.06%	0.15%	0.06%
TDY	A	0.03%	0.04%	0.03%
TECH	B	0.15%	0.02%	0.02%
TER	F	0.16%	0.04%	0.04%
TFC	B	0.05%	0.13%	0.05%
TFX	F	0.05%	0.02%	0.02%
TGT	C	0.17%	0.14%	0.14%
TJX	B	0.71%	0.26%	0.26%
TMO	F	0.14%	0.43%	0.14%
TMUS	A	0.33%	0.23%	0.23%
TPR	B	0.32%	0.02%	0.02%
TRGP	B	0.24%	0.08%	0.08%
TRMB	B	0.03%	0.04%	0.03%
TROW	B	0.08%	0.05%	0.05%
TRV	B	0.14%	0.12%	0.12%
TSCO	C	0.12%	0.06%	0.06%
TSLA	B	0.27%	1.6%	0.27%
TSN	C	0.35%	0.03%	0.03%
TT	A	0.08%	0.18%	0.08%
TTWO	A	0.48%	0.05%	0.05%
TXN	C	0.22%	0.39%	0.22%
TXT	C	0.16%	0.03%	0.03%
TYL	B	0.21%	0.05%	0.05%
UAL	B	0.28%	0.06%	0.06%
UBER	F	0.11%	0.31%	0.11%
UDR	C	0.1%	0.03%	0.03%
UHS	D	0.32%	0.02%	0.02%
ULTA	C	0.17%	0.04%	0.04%
UNH	B	0.25%	1.1%	0.25%
UNP	C	0.08%	0.3%	0.08%
UPS	C	0.08%	0.2%	0.08%
URI	B	0.14%	0.12%	0.12%
USB	A	0.05%	0.16%	0.05%
V	A	0.04%	1.02%	0.04%
VICI	D	0.06%	0.06%	0.06%
VLO	D	0.49%	0.09%	0.09%
VLTO	C	0.03%	0.05%	0.03%
VMC	B	0.17%	0.08%	0.08%
VRSK	A	0.04%	0.08%	0.04%
VRSN	C	0.27%	0.03%	0.03%
VRTX	B	0.23%	0.25%	0.23%
VST	B	0.4%	0.09%	0.09%
VTR	C	0.11%	0.05%	0.05%
VTRS	B	0.24%	0.03%	0.03%
VZ	C	0.32%	0.35%	0.32%
WAB	A	0.13%	0.07%	0.07%
WAT	A	0.15%	0.05%	0.05%
WBA	D	0.63%	0.01%	0.01%
WBD	B	0.19%	0.04%	0.04%
WDC	D	0.17%	0.05%	0.05%
WEC	B	0.07%	0.06%	0.06%
WELL	B	0.11%	0.15%	0.11%
WFC	A	0.13%	0.49%	0.13%
WM	A	0.18%	0.16%	0.16%
WMB	B	0.24%	0.13%	0.13%
WMT	A	0.72%	0.72%	0.72%
WRB	B	0.13%	0.04%	0.04%
WST	B	0.05%	0.05%	0.05%
WTW	A	0.04%	0.06%	0.04%
WY	F	0.17%	0.05%	0.05%
WYNN	F	0.08%	0.02%	0.02%
XEL	A	0.07%	0.07%	0.07%
XOM	B	0.75%	1.07%	0.75%
XYL	D	0.19%	0.06%	0.06%
YUM	B	0.5%	0.08%	0.08%
ZBH	C	0.12%	0.04%	0.04%
ZBRA	A	0.13%	0.04%	0.04%
ZTS	D	0.25%	0.15%	0.15%

SHUS Overweight 3 Positions Relative to SPY

Symbol	Grade	Weight
TEL	B	0.19%
BBWI	C	0.19%
BLK	B	0.09%

SHUS Underweight 1 Positions Relative to SPY

	Symbol	Grade	Weight
	LRCX	F	-0.2%