SHUS vs. VONV ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Vanguard Russell 1000 Value ETF (VONV)

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

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000Â® Value Index. The index is designed to measure the performance of large-capitalization value stocks in the United States. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	VONV
30 Days	2.26%	3.51%
60 Days	3.81%	4.96%
90 Days	5.24%	7.00%
12 Months	15.89%	29.73%

436 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in VONV	Overlap
A	D	0.15%	0.15%	0.15%
ABBV	D	0.24%	0.82%	0.24%
ABT	B	0.06%	0.78%	0.06%
ACGL	D	0.14%	0.14%	0.14%
ACN	C	0.13%	0.87%	0.13%
ADI	D	0.22%	0.44%	0.22%
ADM	D	0.36%	0.11%	0.11%
ADP	B	0.21%	0.03%	0.03%
AEE	A	0.08%	0.09%	0.08%
AEP	D	0.24%	0.21%	0.21%
AES	F	0.31%	0.05%	0.05%
AFL	B	0.2%	0.23%	0.2%
AIG	B	0.19%	0.2%	0.19%
AIZ	A	0.2%	0.04%	0.04%
AJG	B	0.03%	0.23%	0.03%
AKAM	D	0.26%	0.06%	0.06%
ALB	C	0.05%	0.04%	0.04%
ALGN	D	0.1%	0.03%	0.03%
ALL	A	0.19%	0.17%	0.17%
ALLE	D	0.07%	0.05%	0.05%
AMAT	F	0.17%	0.05%	0.05%
AMCR	D	0.12%	0.06%	0.06%
AMD	F	0.14%	0.32%	0.14%
AME	A	0.12%	0.17%	0.12%
AMGN	D	0.23%	0.15%	0.15%
AMP	A	0.09%	0.02%	0.02%
ANSS	B	0.17%	0.11%	0.11%
AON	A	0.04%	0.29%	0.04%
AOS	F	0.21%	0.04%	0.04%
APA	D	0.07%	0.03%	0.03%
APD	A	0.05%	0.28%	0.05%
APH	A	0.18%	0.13%	0.13%
APTV	D	0.39%	0.06%	0.06%
ARE	D	0.1%	0.08%	0.08%
ATO	A	0.32%	0.08%	0.08%
AVB	B	0.1%	0.13%	0.1%
AVY	D	0.06%	0.04%	0.04%
AWK	D	0.32%	0.11%	0.11%
AXP	A	0.05%	0.38%	0.05%
AZO	C	0.15%	0.02%	0.02%
BA	F	0.16%	0.34%	0.16%
BAC	A	0.12%	1.14%	0.12%
BALL	D	0.12%	0.07%	0.07%
BAX	D	0.05%	0.07%	0.05%
BBWI	D	0.19%	0.03%	0.03%
BBY	D	0.17%	0.08%	0.08%
BDX	F	0.05%	0.27%	0.05%
BEN	C	0.08%	0.02%	0.02%
BG	F	0.36%	0.05%	0.05%
BIIB	F	0.24%	0.1%	0.1%
BK	A	0.11%	0.22%	0.11%
BKNG	A	0.13%	0.04%	0.04%
BKR	B	0.35%	0.15%	0.15%
BLDR	D	0.19%	0.07%	0.07%
BLK	C	0.09%	0.58%	0.09%
BMY	B	0.25%	0.45%	0.25%
BR	A	0.11%	0.01%	0.01%
BRK.A	B	0.49%	3.3%	0.49%
BRO	B	0.03%	0.06%	0.03%
BSX	B	0.06%	0.49%	0.06%
BWA	D	0.41%	0.03%	0.03%
BXP	D	0.11%	0.05%	0.05%
C	A	0.13%	0.49%	0.13%
CAG	D	0.21%	0.06%	0.06%
CAH	B	0.19%	0.04%	0.04%
CARR	D	0.08%	0.2%	0.08%
CAT	B	0.14%	0.63%	0.14%
CB	C	0.14%	0.46%	0.14%
CBOE	B	0.04%	0.09%	0.04%
CBRE	B	0.04%	0.16%	0.04%
CCI	D	0.06%	0.19%	0.06%
CCL	B	0.09%	0.09%	0.09%
CDW	F	0.12%	0.05%	0.05%
CE	F	0.07%	0.04%	0.04%
CEG	D	0.38%	0.28%	0.28%
CF	B	0.09%	0.06%	0.06%
CFG	B	0.05%	0.08%	0.05%
CHD	B	0.41%	0.1%	0.1%
CHRW	C	0.09%	0.05%	0.05%
CHTR	C	0.46%	0.12%	0.12%
CI	F	0.18%	0.32%	0.18%
CINF	A	0.14%	0.09%	0.09%
CL	D	0.4%	0.14%	0.14%
CMCSA	B	0.51%	0.67%	0.51%
CME	A	0.04%	0.32%	0.04%
CMI	A	0.08%	0.18%	0.08%
CMS	C	0.07%	0.08%	0.07%
CNC	D	0.25%	0.13%	0.13%
CNP	B	0.25%	0.07%	0.07%
COF	B	0.69%	0.25%	0.25%
COP	C	0.07%	0.51%	0.07%
CPB	D	0.2%	0.04%	0.04%
CPRT	A	0.22%	0.01%	0.01%
CPT	B	0.1%	0.05%	0.05%
CRL	C	0.14%	0.04%	0.04%
CRM	B	0.35%	0.17%	0.17%
CSCO	B	0.21%	0.89%	0.21%
CSGP	D	0.04%	0.12%	0.04%
CSX	B	0.08%	0.26%	0.08%
CTAS	B	0.17%	0.01%	0.01%
CTLT	B	0.24%	0.04%	0.04%
CTRA	B	0.17%	0.07%	0.07%
CTSH	B	0.13%	0.15%	0.13%
CTVA	C	0.08%	0.17%	0.08%
CVS	D	0.68%	0.29%	0.29%
CVX	A	0.75%	1.03%	0.75%
CZR	F	0.07%	0.03%	0.03%
D	C	0.24%	0.2%	0.2%
DAL	C	0.27%	0.15%	0.15%
DAY	B	0.22%	0.04%	0.04%
DD	D	0.05%	0.14%	0.05%
DE	A	0.13%	0.41%	0.13%
DELL	C	0.17%	0.11%	0.11%
DFS	B	0.68%	0.15%	0.15%
DG	F	0.17%	0.07%	0.07%
DGX	A	0.16%	0.07%	0.07%
DHI	D	0.23%	0.2%	0.2%
DHR	F	0.1%	0.63%	0.1%
DIS	B	0.2%	0.71%	0.2%
DLR	B	0.26%	0.23%	0.23%
DLTR	F	0.17%	0.05%	0.05%
DOC	D	0.11%	0.06%	0.06%
DOV	A	0.17%	0.1%	0.1%
DOW	F	0.07%	0.14%	0.07%
DPZ	C	0.52%	0.04%	0.04%
DRI	B	0.5%	0.04%	0.04%
DTE	C	0.24%	0.1%	0.1%
DUK	C	0.07%	0.36%	0.07%
DVN	F	0.16%	0.1%	0.1%
EA	A	0.48%	0.16%	0.16%
EBAY	D	0.22%	0.12%	0.12%
ECL	D	0.05%	0.03%	0.03%
ED	D	0.24%	0.14%	0.14%
EFX	F	0.04%	0.1%	0.04%
EG	C	0.14%	0.05%	0.05%
EIX	B	0.24%	0.13%	0.13%
EL	F	0.49%	0.04%	0.04%
ELV	F	0.24%	0.32%	0.24%
EMN	D	0.05%	0.05%	0.05%
EMR	A	0.03%	0.25%	0.03%
EOG	A	0.07%	0.28%	0.07%
EPAM	C	0.13%	0.04%	0.04%
EQIX	A	0.26%	0.33%	0.26%
EQR	B	0.1%	0.11%	0.1%
EQT	B	0.18%	0.08%	0.08%
ES	D	0.07%	0.09%	0.07%
ESS	B	0.1%	0.07%	0.07%
ETN	A	0.26%	0.53%	0.26%
ETR	B	0.25%	0.13%	0.13%
EVRG	A	0.08%	0.05%	0.05%
EW	C	0.06%	0.13%	0.06%
EXC	C	0.29%	0.16%	0.16%
EXPD	D	0.09%	0.06%	0.06%
EXR	D	0.11%	0.14%	0.11%
F	C	0.24%	0.16%	0.16%
FANG	D	0.07%	0.13%	0.07%
FAST	B	0.12%	0.03%	0.03%
FCX	D	0.29%	0.26%	0.26%
FDS	B	0.04%	0.04%	0.04%
FDX	B	0.07%	0.25%	0.07%
FE	C	0.24%	0.1%	0.1%
FFIV	B	0.2%	0.05%	0.05%
FI	A	0.06%	0.31%	0.06%
FICO	B	0.03%	0.03%	0.03%
FIS	C	0.05%	0.2%	0.05%
FITB	A	0.05%	0.12%	0.05%
FMC	D	0.08%	0.03%	0.03%
FOX	A	0.1%	0.02%	0.02%
FOXA	B	0.1%	0.04%	0.04%
FRT	B	0.06%	0.04%	0.04%
FSLR	F	0.2%	0.08%	0.08%
FTNT	C	0.17%	0.04%	0.04%
FTV	C	0.03%	0.1%	0.03%
GD	F	0.16%	0.32%	0.16%
GE	D	0.17%	0.59%	0.17%
GEHC	F	0.1%	0.14%	0.1%
GEN	B	0.17%	0.06%	0.06%
GEV	B	0.18%	0.33%	0.18%
GILD	C	0.24%	0.44%	0.24%
GIS	D	0.21%	0.15%	0.15%
GL	B	0.19%	0.04%	0.04%
GLW	B	0.19%	0.15%	0.15%
GM	B	0.24%	0.23%	0.23%
GNRC	B	0.08%	0.02%	0.02%
GPC	D	0.15%	0.06%	0.06%
GPN	B	0.04%	0.11%	0.04%
GRMN	B	0.32%	0.12%	0.12%
GS	A	0.25%	0.48%	0.25%
GWW	B	0.13%	0.02%	0.02%
HAL	C	0.33%	0.1%	0.1%
HAS	D	0.25%	0.0%	0.0%
HBAN	A	0.05%	0.09%	0.05%
HCA	F	0.33%	0.2%	0.2%
HD	A	0.25%	0.32%	0.25%
HES	B	0.07%	0.05%	0.05%
HIG	B	0.14%	0.13%	0.13%
HII	D	0.08%	0.03%	0.03%
HLT	A	0.12%	0.11%	0.11%
HOLX	D	0.1%	0.07%	0.07%
HON	B	0.16%	0.45%	0.16%
HPE	B	0.19%	0.1%	0.1%
HPQ	B	0.34%	0.11%	0.11%
HRL	D	0.36%	0.04%	0.04%
HSIC	B	0.2%	0.04%	0.04%
HST	C	0.11%	0.05%	0.05%
HSY	F	0.17%	0.09%	0.09%
HUBB	B	0.26%	0.09%	0.09%
HUM	C	0.26%	0.12%	0.12%
HWM	A	0.07%	0.15%	0.07%
IBM	C	0.33%	0.76%	0.33%
ICE	C	0.04%	0.35%	0.04%
IEX	B	0.2%	0.07%	0.07%
IFF	D	0.05%	0.1%	0.05%
INCY	C	0.25%	0.04%	0.04%
INTC	D	0.16%	0.37%	0.16%
INVH	D	0.1%	0.08%	0.08%
IP	B	0.06%	0.08%	0.06%
IPG	D	0.33%	0.04%	0.04%
IQV	D	0.13%	0.13%	0.13%
IR	B	0.2%	0.15%	0.15%
IRM	D	0.06%	0.06%	0.06%
ITW	B	0.17%	0.19%	0.17%
IVZ	B	0.09%	0.03%	0.03%
J	F	0.39%	0.07%	0.07%
JBHT	C	0.08%	0.06%	0.06%
JBL	B	0.37%	0.05%	0.05%
JCI	C	0.08%	0.17%	0.08%
JKHY	D	0.05%	0.05%	0.05%
JNJ	D	0.23%	1.54%	0.23%
JNPR	F	0.19%	0.05%	0.05%
JPM	A	0.12%	2.55%	0.12%
K	A	0.18%	0.08%	0.08%
KDP	D	0.24%	0.15%	0.15%
KEY	B	0.06%	0.06%	0.06%
KEYS	A	0.2%	0.1%	0.1%
KHC	F	0.21%	0.12%	0.12%
KIM	A	0.06%	0.06%	0.06%
KKR	A	0.09%	0.27%	0.09%
KMB	D	0.41%	0.11%	0.11%
KMI	A	0.25%	0.19%	0.19%
KMX	B	0.14%	0.04%	0.04%
KO	D	0.24%	0.43%	0.24%
KR	B	0.73%	0.15%	0.15%
KVUE	A	0.41%	0.18%	0.18%
L	A	0.49%	0.06%	0.06%
LDOS	C	0.13%	0.1%	0.1%
LEN	D	0.24%	0.01%	0.01%
LEN	D	0.24%	0.16%	0.16%
LH	C	0.16%	0.08%	0.08%
LHX	C	0.08%	0.19%	0.08%
LIN	D	0.04%	0.88%	0.04%
LKQ	D	0.14%	0.04%	0.04%
LMT	D	0.08%	0.32%	0.08%
LNT	A	0.08%	0.06%	0.06%
LOW	D	0.25%	0.6%	0.25%
LUV	C	0.25%	0.07%	0.07%
LW	C	0.22%	0.03%	0.03%
LYB	F	0.07%	0.09%	0.07%
MAA	B	0.1%	0.07%	0.07%
MAR	B	0.12%	0.24%	0.12%
MAS	D	0.19%	0.07%	0.07%
MCD	D	0.49%	0.79%	0.49%
MCHP	D	0.13%	0.16%	0.13%
MCK	B	0.18%	0.15%	0.15%
MDLZ	F	0.18%	0.37%	0.18%
MDT	D	0.06%	0.46%	0.06%
MET	A	0.21%	0.18%	0.18%
MGM	D	0.07%	0.03%	0.03%
MHK	D	0.18%	0.03%	0.03%
MKC	D	0.21%	0.08%	0.08%
MKTX	D	0.04%	0.04%	0.04%
MLM	B	0.17%	0.14%	0.14%
MMC	B	0.03%	0.37%	0.03%
MMM	D	0.17%	0.23%	0.17%
MNST	C	0.25%	0.03%	0.03%
MO	A	0.35%	0.37%	0.35%
MOH	F	0.25%	0.03%	0.03%
MOS	F	0.08%	0.03%	0.03%
MPC	D	0.48%	0.21%	0.21%
MRNA	F	0.23%	0.07%	0.07%
MRO	B	0.07%	0.06%	0.06%
MS	A	0.26%	0.51%	0.26%
MSCI	C	0.04%	0.07%	0.04%
MSI	B	0.49%	0.16%	0.16%
MTB	A	0.06%	0.13%	0.06%
MTCH	D	0.46%	0.04%	0.04%
MTD	D	0.14%	0.11%	0.11%
MU	D	0.15%	0.44%	0.15%
NDAQ	A	0.04%	0.12%	0.04%
NDSN	B	0.03%	0.06%	0.03%
NEE	D	0.24%	0.65%	0.24%
NEM	D	0.24%	0.21%	0.21%
NI	A	0.32%	0.06%	0.06%
NKE	D	0.33%	0.14%	0.14%
NOC	D	0.08%	0.28%	0.08%
NRG	B	0.32%	0.04%	0.04%
NSC	B	0.08%	0.23%	0.08%
NTAP	C	0.17%	0.05%	0.05%
NTRS	A	0.08%	0.08%	0.08%
NUE	C	0.25%	0.14%	0.14%
NVR	D	0.3%	0.1%	0.1%
NWS	B	0.1%	0.01%	0.01%
NWSA	B	0.1%	0.04%	0.04%
O	D	0.06%	0.21%	0.06%
OKE	A	0.24%	0.23%	0.23%
OMC	C	0.33%	0.08%	0.08%
ON	D	0.22%	0.12%	0.12%
ORLY	B	0.14%	0.02%	0.02%
OTIS	C	0.08%	0.16%	0.08%
OXY	D	0.07%	0.13%	0.07%
PARA	C	0.2%	0.03%	0.03%
PAYC	B	0.21%	0.02%	0.02%
PAYX	C	0.21%	0.11%	0.11%
PCAR	B	0.12%	0.21%	0.12%
PCG	A	0.07%	0.17%	0.07%
PEG	A	0.25%	0.18%	0.18%
PEP	F	0.17%	0.19%	0.17%
PFE	D	0.24%	0.64%	0.24%
PFG	D	0.2%	0.08%	0.08%
PG	A	0.41%	1.21%	0.41%
PGR	A	0.19%	0.09%	0.09%
PH	A	0.08%	0.32%	0.08%
PHM	D	0.25%	0.11%	0.11%
PKG	A	0.06%	0.08%	0.06%
PLD	D	0.06%	0.42%	0.06%
PM	B	0.35%	0.83%	0.35%
PNC	B	0.06%	0.3%	0.06%
PNR	A	0.19%	0.07%	0.07%
PNW	B	0.07%	0.04%	0.04%
PPG	F	0.07%	0.12%	0.07%
PPL	B	0.08%	0.1%	0.08%
PRU	A	0.2%	0.18%	0.18%
PSA	D	0.1%	0.18%	0.1%
PSX	C	0.5%	0.2%	0.2%
PTC	A	0.17%	0.03%	0.03%
PWR	A	0.4%	0.12%	0.12%
PYPL	B	0.06%	0.32%	0.06%
QCOM	F	0.22%	0.05%	0.05%
QRVO	F	0.21%	0.03%	0.03%
RCL	A	0.08%	0.13%	0.08%
REG	B	0.06%	0.05%	0.05%
REGN	F	0.23%	0.32%	0.23%
RF	A	0.06%	0.09%	0.06%
RJF	A	0.25%	0.11%	0.11%
RL	B	0.32%	0.03%	0.03%
RMD	C	0.09%	0.1%	0.09%
ROK	B	0.03%	0.11%	0.03%
ROP	B	0.03%	0.23%	0.03%
ROST	C	0.71%	0.14%	0.14%
RSG	A	0.18%	0.16%	0.16%
RTX	C	0.08%	0.64%	0.08%
RVTY	F	0.1%	0.06%	0.06%
SBAC	D	0.06%	0.1%	0.06%
SBUX	A	0.48%	0.1%	0.1%
SCHW	B	0.25%	0.38%	0.25%
SHW	A	0.06%	0.03%	0.03%
SJM	D	0.21%	0.05%	0.05%
SLB	C	0.34%	0.23%	0.23%
SNA	A	0.25%	0.07%	0.07%
SO	D	0.08%	0.4%	0.08%
SOLV	C	0.05%	0.04%	0.04%
SPG	B	0.06%	0.16%	0.06%
SPGI	C	0.04%	0.6%	0.04%
SRE	A	0.07%	0.21%	0.07%
STE	F	0.12%	0.09%	0.09%
STLD	B	0.27%	0.08%	0.08%
STT	A	0.11%	0.11%	0.11%
STZ	D	0.25%	0.15%	0.15%
SW	A	0.07%	0.11%	0.07%
SWK	D	0.26%	0.06%	0.06%
SWKS	F	0.21%	0.06%	0.06%
SYF	B	0.68%	0.09%	0.09%
SYK	C	0.12%	0.36%	0.12%
SYY	B	0.73%	0.06%	0.06%
T	A	0.33%	0.65%	0.33%
TAP	C	0.25%	0.04%	0.04%
TDG	D	0.06%	0.23%	0.06%
TDY	B	0.03%	0.08%	0.03%
TECH	D	0.15%	0.05%	0.05%
TER	D	0.16%	0.01%	0.01%
TFC	A	0.05%	0.23%	0.05%
TFX	F	0.05%	0.04%	0.04%
TGT	F	0.17%	0.28%	0.17%
TJX	A	0.71%	0.21%	0.21%
TMO	F	0.14%	0.84%	0.14%
TMUS	B	0.33%	0.43%	0.33%
TPR	B	0.32%	0.04%	0.04%
TRMB	B	0.03%	0.06%	0.03%
TROW	B	0.08%	0.1%	0.08%
TRV	B	0.14%	0.22%	0.14%
TSN	B	0.35%	0.07%	0.07%
TT	A	0.08%	0.22%	0.08%
TTWO	A	0.48%	0.11%	0.11%
TXN	C	0.22%	0.65%	0.22%
TXT	D	0.16%	0.06%	0.06%
TYL	B	0.21%	0.02%	0.02%
UAL	A	0.28%	0.1%	0.1%
UDR	B	0.1%	0.06%	0.06%
UHS	D	0.32%	0.05%	0.05%
ULTA	F	0.17%	0.01%	0.01%
UNH	C	0.25%	1.94%	0.25%
UNP	C	0.08%	0.3%	0.08%
UPS	C	0.08%	0.39%	0.08%
URI	B	0.14%	0.16%	0.14%
USB	A	0.05%	0.3%	0.05%
VICI	C	0.06%	0.13%	0.06%
VLO	C	0.49%	0.17%	0.17%
VLTO	D	0.03%	0.06%	0.03%
VMC	B	0.17%	0.11%	0.11%
VRSN	F	0.27%	0.06%	0.06%
VRTX	F	0.23%	0.25%	0.23%
VTR	C	0.11%	0.11%	0.11%
VTRS	A	0.24%	0.06%	0.06%
VZ	C	0.32%	0.71%	0.32%
WAB	B	0.13%	0.13%	0.13%
WAT	B	0.15%	0.03%	0.03%
WBA	F	0.63%	0.03%	0.03%
WBD	C	0.19%	0.08%	0.08%
WDC	D	0.17%	0.09%	0.09%
WEC	A	0.07%	0.12%	0.07%
WELL	A	0.11%	0.33%	0.11%
WFC	A	0.13%	0.91%	0.13%
WMB	A	0.24%	0.25%	0.24%
WMT	A	0.72%	1.42%	0.72%
WRB	A	0.13%	0.07%	0.07%
WST	C	0.05%	0.04%	0.04%
WTW	B	0.04%	0.12%	0.04%
WY	D	0.17%	0.09%	0.09%
WYNN	D	0.08%	0.04%	0.04%
XEL	A	0.07%	0.15%	0.07%
XOM	B	0.75%	2.1%	0.75%
XYL	D	0.19%	0.12%	0.12%
YUM	B	0.5%	0.09%	0.09%
ZBH	C	0.12%	0.09%	0.09%
ZBRA	B	0.13%	0.06%	0.06%
ZTS	D	0.25%	0.06%	0.06%

SHUS Overweight 65 Positions Relative to VONV

Symbol	Grade	Weight
COST	B	0.7%
AAPL	C	0.49%
CMG	B	0.49%
META	D	0.46%
CLX	B	0.41%
VST	B	0.4%
ORCL	B	0.34%
SNPS	B	0.34%
CDNS	B	0.33%
MSFT	F	0.32%
LULU	C	0.3%
DECK	A	0.29%
TSLA	B	0.27%
GDDY	A	0.26%
ENPH	F	0.25%
MRK	F	0.24%
TRGP	B	0.24%
NXPI	D	0.23%
LLY	F	0.23%
NOW	A	0.22%
NFLX	A	0.22%
AVGO	D	0.22%
PLTR	B	0.22%
GOOGL	C	0.22%
GOOG	C	0.22%
ANET	C	0.21%
MPWR	F	0.21%
AMZN	C	0.21%
ERIE	D	0.2%
INTU	C	0.2%
TEL	B	0.19%
CRWD	B	0.18%
WM	A	0.18%
ROL	B	0.18%
COR	B	0.18%
KLAC	D	0.17%
STX	D	0.17%
PANW	C	0.16%
ADSK	A	0.16%
SMCI	F	0.15%
ADBE	C	0.15%
IT	C	0.13%
POOL	C	0.13%
NVDA	C	0.13%
ABNB	C	0.12%
EXPE	B	0.12%
ISRG	A	0.12%
TSCO	D	0.12%
DVA	B	0.11%
UBER	D	0.11%
PODD	C	0.1%
AXON	A	0.09%
NCLH	B	0.09%
LYV	A	0.09%
DXCM	D	0.09%
IDXX	F	0.09%
BX	A	0.08%
ODFL	B	0.08%
LVS	C	0.08%
AMT	D	0.06%
MA	C	0.05%
MCO	B	0.04%
VRSK	A	0.04%
V	A	0.04%
CPAY	A	0.04%

SHUS Underweight 406 Positions Relative to VONV

Symbol	Grade	Weight
MRVL	B	-0.25%
MSTR	C	-0.14%
LNG	B	-0.09%
ILMN	D	-0.09%
FCNCA	A	-0.09%
SQ	B	-0.09%
APO	B	-0.08%
ZM	B	-0.08%
UTHR	C	-0.07%
RS	B	-0.07%
SUI	D	-0.07%
WSO	A	-0.07%
CSL	C	-0.07%
CVNA	B	-0.07%
TRU	D	-0.07%
RGA	A	-0.06%
USFD	A	-0.06%
ACM	A	-0.06%
THC	D	-0.06%
TOL	B	-0.06%
SSNC	B	-0.06%
MKL	A	-0.06%
AVTR	F	-0.06%
OC	A	-0.06%
RBA	A	-0.06%
HOOD	B	-0.06%
FNF	B	-0.06%
IBKR	A	-0.06%
FTI	A	-0.05%
ITT	A	-0.05%
SCI	B	-0.05%
CLH	B	-0.05%
UNM	A	-0.05%
AMH	D	-0.05%
WPC	D	-0.05%
CASY	A	-0.05%
CACI	D	-0.05%
COHR	B	-0.05%
NVT	B	-0.05%
BMRN	D	-0.05%
RPM	A	-0.05%
EME	C	-0.05%
ELS	C	-0.05%
GLPI	C	-0.05%
CW	B	-0.05%
RNR	C	-0.05%
EWBC	A	-0.05%
GGG	B	-0.05%
DTM	B	-0.04%
FYBR	D	-0.04%
DCI	B	-0.04%
BWXT	B	-0.04%
WBS	A	-0.04%
JLL	D	-0.04%
TW	A	-0.04%
WAL	B	-0.04%
NYT	C	-0.04%
LAD	A	-0.04%
CIEN	B	-0.04%
REXR	F	-0.04%
AFG	A	-0.04%
AYI	B	-0.04%
ALSN	B	-0.04%
QGEN	D	-0.04%
FHN	A	-0.04%
EVR	B	-0.04%
PRI	A	-0.04%
RGLD	C	-0.04%
SOFI	A	-0.04%
WTRG	B	-0.04%
CNH	C	-0.04%
EHC	B	-0.04%
WWD	B	-0.04%
ARMK	B	-0.04%
DKS	C	-0.04%
AA	B	-0.04%
DOX	D	-0.04%
AFRM	B	-0.04%
TTEK	F	-0.04%
FBIN	D	-0.04%
BLD	D	-0.04%
SF	B	-0.04%
OVV	B	-0.04%
OHI	C	-0.04%
RPRX	D	-0.04%
PFGC	B	-0.04%
CUBE	D	-0.04%
NTNX	A	-0.04%
TWLO	A	-0.04%
CCK	C	-0.04%
CG	A	-0.04%
RRX	B	-0.04%
ATR	B	-0.04%
BJ	A	-0.04%
LSTR	D	-0.03%
MKSI	C	-0.03%
ARW	D	-0.03%
MTSI	B	-0.03%
OKTA	C	-0.03%
WEX	D	-0.03%
XP	F	-0.03%
FAF	A	-0.03%
RGEN	D	-0.03%
MTG	C	-0.03%
ATI	D	-0.03%
SIRI	C	-0.03%
WMS	D	-0.03%
BFAM	D	-0.03%
CGNX	C	-0.03%
PB	A	-0.03%
OSK	B	-0.03%
KEX	C	-0.03%
HRB	D	-0.03%
G	B	-0.03%
STAG	F	-0.03%
JAZZ	B	-0.03%
COKE	C	-0.03%
RHI	B	-0.03%
FCN	D	-0.03%
MAT	D	-0.03%
AGNC	D	-0.03%
ROKU	D	-0.03%
FND	C	-0.03%
MIDD	C	-0.03%
SSD	D	-0.03%
DASH	A	-0.03%
FR	C	-0.03%
FLS	B	-0.03%
BIO	D	-0.03%
ESAB	B	-0.03%
WSM	B	-0.03%
GNTX	C	-0.03%
PR	B	-0.03%
GXO	B	-0.03%
LBRDK	C	-0.03%
RRC	B	-0.03%
SNV	B	-0.03%
CHE	D	-0.03%
ONTO	D	-0.03%
VFC	C	-0.03%
Z	A	-0.03%
VNO	B	-0.03%
COLD	D	-0.03%
ADC	B	-0.03%
SKX	D	-0.03%
SAIC	F	-0.03%
SEIC	B	-0.03%
CBSH	A	-0.03%
CFR	B	-0.03%
ZION	B	-0.03%
AR	B	-0.03%
WTFC	A	-0.03%
ACI	C	-0.03%
EXAS	D	-0.03%
LECO	B	-0.03%
CR	A	-0.03%
MTZ	B	-0.03%
CHRD	D	-0.03%
APG	B	-0.03%
NNN	D	-0.03%
RBC	A	-0.03%
TKO	B	-0.03%
OGE	B	-0.03%
PNFP	B	-0.03%
JEF	A	-0.03%
BERY	B	-0.03%
BRX	A	-0.03%
VOYA	B	-0.03%
CRBG	B	-0.03%
KNX	B	-0.03%
AAL	B	-0.03%
KBR	F	-0.03%
HLI	B	-0.03%
GMED	A	-0.03%
EGP	F	-0.03%
RIVN	F	-0.03%
ALLY	C	-0.03%
GWRE	A	-0.03%
GME	C	-0.03%
AXTA	A	-0.03%
WCC	B	-0.03%
GPK	C	-0.03%
TTC	D	-0.03%
CMA	A	-0.03%
BRBR	A	-0.03%
LAMR	D	-0.03%
ORI	A	-0.03%
X	C	-0.03%
SNX	C	-0.03%
INGR	B	-0.03%
ALNY	D	-0.02%
KMPR	B	-0.02%
MSGS	A	-0.02%
RH	B	-0.02%
HOG	D	-0.02%
ACHC	F	-0.02%
AN	C	-0.02%
SITE	D	-0.02%
GTES	A	-0.02%
W	F	-0.02%
AWI	A	-0.02%
CLF	F	-0.02%
FLO	D	-0.02%
UHAL	D	-0.02%
OLED	D	-0.02%
GAP	C	-0.02%
M	D	-0.02%
FRPT	B	-0.02%
ASH	D	-0.02%
EEFT	B	-0.02%
SLGN	A	-0.02%
LITE	B	-0.02%
DLB	B	-0.02%
TPG	A	-0.02%
DBX	B	-0.02%
AGO	B	-0.02%
WSC	D	-0.02%
WTM	A	-0.02%
WLK	D	-0.02%
BILL	A	-0.02%
RYN	D	-0.02%
OZK	B	-0.02%
XRAY	F	-0.02%
AL	B	-0.02%
CUZ	B	-0.02%
KRC	C	-0.02%
DOCS	C	-0.02%
SLM	A	-0.02%
BYD	C	-0.02%
HXL	D	-0.02%
OLN	D	-0.02%
AVT	C	-0.02%
OGN	D	-0.02%
SN	D	-0.02%
ROIV	C	-0.02%
PSN	D	-0.02%
SEE	C	-0.02%
UGI	A	-0.02%
ZG	A	-0.02%
SON	D	-0.02%
ST	F	-0.02%
FNB	A	-0.02%
KD	B	-0.02%
IDA	A	-0.02%
CROX	D	-0.02%
THO	B	-0.02%
THG	A	-0.02%
JHG	A	-0.02%
TKR	D	-0.02%
POST	C	-0.02%
SAIA	B	-0.02%
BC	C	-0.02%
LEA	D	-0.02%
PVH	C	-0.02%
H	B	-0.02%
WHR	B	-0.02%
NFG	A	-0.02%
OMF	A	-0.02%
OLLI	D	-0.02%
MTDR	B	-0.02%
BPOP	B	-0.02%
COIN	C	-0.02%
SRCL	C	-0.02%
VNT	B	-0.02%
MDU	D	-0.02%
CRUS	D	-0.02%
LNC	B	-0.02%
S	B	-0.02%
COLB	A	-0.02%
LFUS	F	-0.02%
ALK	C	-0.02%
ESI	A	-0.02%
AXS	A	-0.02%
DINO	D	-0.02%
RLI	B	-0.02%
AMG	B	-0.02%
NOV	C	-0.02%
MSA	D	-0.02%
STWD	C	-0.02%
WH	B	-0.02%
DAR	C	-0.02%
VMI	B	-0.02%
ELAN	D	-0.02%
AGCO	D	-0.02%
R	B	-0.02%
UA	C	-0.01%
SNDR	B	-0.01%
FTRE	D	-0.01%
GO	C	-0.01%
LYFT	C	-0.01%
REYN	D	-0.01%
EXEL	B	-0.01%
LEG	F	-0.01%
TRIP	F	-0.01%
WOLF	F	-0.01%
WEN	D	-0.01%
INFA	D	-0.01%
VSTS	C	-0.01%
BIRK	D	-0.01%
PPC	C	-0.01%
QS	F	-0.01%
UAA	C	-0.01%
AZEK	A	-0.01%
LPX	B	-0.01%
CRI	D	-0.01%
PSTG	D	-0.01%
PINC	B	-0.01%
CNXC	F	-0.01%
KSS	F	-0.01%
SAM	C	-0.01%
ETSY	D	-0.01%
YETI	C	-0.01%
AAP	C	-0.01%
AZTA	D	-0.01%
BROS	B	-0.01%
LCID	F	-0.01%
GLOB	B	-0.01%
IPGP	D	-0.01%
RKT	F	-0.01%
RCM	F	-0.01%
BRKR	D	-0.01%
ENOV	C	-0.01%
CPRI	F	-0.01%
JWN	C	-0.01%
ADTN	A	-0.01%
EXP	A	-0.01%
HAYW	B	-0.01%
BOKF	B	-0.01%
MP	B	-0.01%
SHC	F	-0.01%
HHH	B	-0.01%
SPB	C	-0.01%
CWEN	C	-0.01%
CC	C	-0.01%
VIRT	B	-0.01%
AGR	B	-0.01%
ALGM	D	-0.01%
CXT	B	-0.01%
VAC	B	-0.01%
CLVT	F	-0.01%
COLM	B	-0.01%
LOPE	B	-0.01%
MPW	F	-0.01%
PAG	B	-0.01%
COTY	F	-0.01%
AMKR	D	-0.01%
PK	B	-0.01%
NSA	D	-0.01%
CNM	D	-0.01%
BHF	B	-0.01%
MAN	D	-0.01%
MASI	A	-0.01%
PENN	C	-0.01%
WU	D	-0.01%
AM	A	-0.01%
AMED	F	-0.01%
IRDM	D	-0.01%
PLNT	A	-0.01%
FHB	A	-0.01%
TNL	A	-0.01%
SPR	D	-0.01%
U	C	-0.01%
NXST	C	-0.01%
EPR	D	-0.01%
ZI	D	-0.01%
PRGO	B	-0.01%
HIW	D	-0.01%
CIVI	D	-0.01%
DXC	B	-0.01%
IAC	D	-0.01%
NEU	C	-0.01%
PII	D	-0.01%
GFS	C	-0.01%
MSM	C	-0.01%
NVST	B	-0.01%
DNB	B	-0.01%
HUN	F	-0.01%
NWL	B	-0.01%
SMG	D	-0.01%
UHAL	D	-0.0%
UWMC	D	-0.0%
SEG	B	-0.0%
NFE	D	-0.0%
IONS	F	-0.0%
TXG	F	-0.0%
PLTK	B	-0.0%
CHH	A	-0.0%
CACC	D	-0.0%
UI	A	-0.0%
TFSL	A	-0.0%
LBRDA	C	-0.0%
SEB	F	-0.0%
PATH	C	-0.0%
CWEN	C	-0.0%
DJT	C	-0.0%
CAR	C	-0.0%
LSCC	D	-0.0%
PYCR	C	-0.0%
MTN	C	-0.0%
HCP	B	-0.0%
FIVE	F	-0.0%
CNA	B	-0.0%
DV	C	-0.0%
DDS	B	-0.0%
NCNO	B	-0.0%
CERT	F	-0.0%