SHUS vs. WOMN ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Impact Shares YWCA Womenas Empowerment ETF (WOMN)

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

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	WOMN
30 Days	2.26%	2.87%
60 Days	3.81%	2.73%
90 Days	5.24%	5.77%
12 Months	15.89%	26.34%

180 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in WOMN	Overlap
A	D	0.15%	0.13%	0.13%
AAPL	C	0.49%	5.02%	0.49%
ABBV	D	0.24%	1.55%	0.24%
ACN	C	0.13%	1.9%	0.13%
ADBE	C	0.15%	2.23%	0.15%
ADM	D	0.36%	0.15%	0.15%
ADP	B	0.21%	0.5%	0.21%
ADSK	A	0.16%	0.45%	0.16%
AEP	D	0.24%	0.23%	0.23%
AIG	B	0.19%	0.24%	0.19%
ALB	C	0.05%	0.05%	0.05%
ALL	A	0.19%	0.21%	0.19%
AMGN	D	0.23%	0.82%	0.23%
AMP	A	0.09%	0.21%	0.09%
AMT	D	0.06%	0.49%	0.06%
AMZN	C	0.21%	4.47%	0.21%
ANSS	B	0.17%	0.25%	0.17%
APD	A	0.05%	0.27%	0.05%
AWK	D	0.32%	0.11%	0.11%
AXP	A	0.05%	0.7%	0.05%
BAC	A	0.12%	1.25%	0.12%
BAX	D	0.05%	0.09%	0.05%
BBY	D	0.17%	0.16%	0.16%
BIIB	F	0.24%	0.13%	0.13%
BK	A	0.11%	0.22%	0.11%
BKR	B	0.35%	0.17%	0.17%
BLK	C	0.09%	0.6%	0.09%
BMY	B	0.25%	0.43%	0.25%
C	A	0.13%	0.56%	0.13%
CAG	D	0.21%	0.07%	0.07%
CAH	B	0.19%	0.13%	0.13%
CARR	D	0.08%	0.26%	0.08%
CBRE	B	0.04%	0.16%	0.04%
CE	F	0.07%	0.06%	0.06%
CFG	B	0.05%	0.04%	0.04%
CHD	B	0.41%	0.11%	0.11%
CI	F	0.18%	0.5%	0.18%
CL	D	0.4%	0.39%	0.39%
CLX	B	0.41%	0.08%	0.08%
CMI	A	0.08%	0.2%	0.08%
CMS	C	0.07%	0.09%	0.07%
CNP	B	0.25%	0.08%	0.08%
COF	B	0.69%	0.24%	0.24%
COP	C	0.07%	0.65%	0.07%
CPB	D	0.2%	0.05%	0.05%
CRM	B	0.35%	2.27%	0.35%
CSCO	B	0.21%	1.92%	0.21%
CTVA	C	0.08%	0.18%	0.08%
CVX	A	0.75%	1.31%	0.75%
D	C	0.24%	0.23%	0.23%
DAL	C	0.27%	0.12%	0.12%
DAY	B	0.22%	0.08%	0.08%
DD	D	0.05%	0.15%	0.05%
DECK	A	0.29%	0.28%	0.28%
DOC	D	0.11%	0.07%	0.07%
DOW	F	0.07%	0.17%	0.07%
EA	A	0.48%	0.16%	0.16%
EBAY	D	0.22%	0.29%	0.22%
ECL	D	0.05%	0.27%	0.05%
ED	D	0.24%	0.16%	0.16%
EIX	B	0.24%	0.15%	0.15%
EL	F	0.49%	0.11%	0.11%
ELV	F	0.24%	0.59%	0.24%
EMR	A	0.03%	0.28%	0.03%
EQIX	A	0.26%	0.39%	0.26%
ESS	B	0.1%	0.08%	0.08%
ETN	A	0.26%	0.59%	0.26%
ETR	B	0.25%	0.12%	0.12%
EXC	C	0.29%	0.19%	0.19%
EXPE	B	0.12%	0.15%	0.12%
F	C	0.24%	0.46%	0.24%
FITB	A	0.05%	0.13%	0.05%
FTV	C	0.03%	0.24%	0.03%
GE	D	0.17%	0.88%	0.17%
GILD	C	0.24%	0.46%	0.24%
GIS	D	0.21%	0.19%	0.19%
GM	B	0.24%	0.49%	0.24%
GPN	B	0.04%	0.14%	0.04%
GWW	B	0.13%	0.19%	0.13%
HBAN	A	0.05%	0.09%	0.05%
HIG	B	0.14%	0.16%	0.14%
HPE	B	0.19%	0.19%	0.19%
HPQ	B	0.34%	0.36%	0.34%
HST	C	0.11%	0.06%	0.06%
HSY	F	0.17%	0.13%	0.13%
IBM	C	0.33%	1.64%	0.33%
IFF	D	0.05%	0.12%	0.05%
INTC	D	0.16%	0.81%	0.16%
INTU	C	0.2%	1.56%	0.2%
INVH	D	0.1%	0.09%	0.09%
IPG	D	0.33%	0.06%	0.06%
IR	B	0.2%	0.16%	0.16%
IRM	D	0.06%	0.15%	0.06%
JCI	C	0.08%	0.22%	0.08%
JNJ	D	0.23%	1.82%	0.23%
K	A	0.18%	0.09%	0.09%
KEY	B	0.06%	0.08%	0.06%
KEYS	A	0.2%	0.25%	0.2%
KHC	F	0.21%	0.16%	0.16%
KMB	D	0.41%	0.22%	0.22%
KO	D	0.24%	1.25%	0.24%
KR	B	0.73%	0.17%	0.17%
LLY	F	0.23%	3.49%	0.23%
LNT	A	0.08%	0.07%	0.07%
LULU	C	0.3%	0.29%	0.29%
LUV	C	0.25%	0.07%	0.07%
MA	C	0.05%	1.77%	0.05%
MCD	D	0.49%	2.04%	0.49%
MCO	B	0.04%	0.33%	0.04%
MDLZ	F	0.18%	0.47%	0.18%
MET	A	0.21%	0.22%	0.21%
META	D	0.46%	4.85%	0.46%
MMM	D	0.17%	0.33%	0.17%
MPWR	F	0.21%	0.36%	0.21%
MRK	F	0.24%	1.3%	0.24%
MS	A	0.26%	0.6%	0.26%
MSFT	F	0.32%	2.49%	0.32%
MSI	B	0.49%	0.63%	0.49%
MTCH	D	0.46%	0.04%	0.04%
NEM	D	0.24%	0.26%	0.24%
NFLX	A	0.22%	0.72%	0.22%
NI	A	0.32%	0.06%	0.06%
NOW	A	0.22%	1.42%	0.22%
NSC	B	0.08%	0.25%	0.08%
NTRS	A	0.08%	0.08%	0.08%
OMC	C	0.33%	0.09%	0.09%
OXY	D	0.07%	0.17%	0.07%
PAYX	C	0.21%	0.18%	0.18%
PCG	A	0.07%	0.18%	0.07%
PEG	A	0.25%	0.18%	0.18%
PEP	F	0.17%	1.17%	0.17%
PFG	D	0.2%	0.08%	0.08%
PG	A	0.41%	1.82%	0.41%
PGR	A	0.19%	0.67%	0.19%
PNR	A	0.19%	0.06%	0.06%
PNW	B	0.07%	0.04%	0.04%
PPG	F	0.07%	0.13%	0.07%
PPL	B	0.08%	0.1%	0.08%
PRU	A	0.2%	0.19%	0.19%
PSX	C	0.5%	0.26%	0.26%
PYPL	B	0.06%	0.34%	0.06%
REGN	F	0.23%	0.55%	0.23%
RF	A	0.06%	0.1%	0.06%
RJF	A	0.25%	0.1%	0.1%
ROK	B	0.03%	0.14%	0.03%
RSG	A	0.18%	0.19%	0.18%
SBUX	A	0.48%	1.03%	0.48%
SJM	D	0.21%	0.06%	0.06%
SPGI	C	0.04%	0.7%	0.04%
SRE	A	0.07%	0.23%	0.07%
STT	A	0.11%	0.11%	0.11%
SWK	D	0.26%	0.07%	0.07%
SYF	B	0.68%	0.09%	0.09%
TAP	C	0.25%	0.05%	0.05%
TEL	B	0.19%	0.43%	0.19%
TGT	F	0.17%	0.36%	0.17%
TMUS	B	0.33%	0.36%	0.33%
TROW	B	0.08%	0.11%	0.08%
TT	A	0.08%	0.39%	0.08%
TYL	B	0.21%	0.22%	0.21%
UBER	D	0.11%	1.22%	0.11%
UNH	C	0.25%	2.47%	0.25%
UNP	C	0.08%	0.71%	0.08%
UPS	C	0.08%	0.43%	0.08%
USB	A	0.05%	0.35%	0.05%
V	A	0.04%	1.94%	0.04%
VRSK	A	0.04%	0.17%	0.04%
VRTX	F	0.23%	0.54%	0.23%
VST	B	0.4%	0.14%	0.14%
VTR	C	0.11%	0.11%	0.11%
VZ	C	0.32%	0.82%	0.32%
WELL	A	0.11%	0.33%	0.11%
WFC	A	0.13%	0.95%	0.13%
WM	A	0.18%	0.37%	0.18%
WMB	A	0.24%	0.24%	0.24%
WMT	A	0.72%	0.73%	0.72%
WTW	B	0.04%	0.13%	0.04%
XOM	B	0.75%	2.53%	0.75%
XYL	D	0.19%	0.15%	0.15%
YUM	B	0.5%	0.36%	0.36%

SHUS Overweight 320 Positions Relative to WOMN

Symbol	Grade	Weight
SYY	B	0.73%
ROST	C	0.71%
TJX	A	0.71%
COST	B	0.7%
CVS	D	0.68%
DFS	B	0.68%
WBA	F	0.63%
DPZ	C	0.52%
CMCSA	B	0.51%
DRI	B	0.5%
L	A	0.49%
VLO	C	0.49%
CMG	B	0.49%
BRK.A	B	0.49%
MPC	D	0.48%
TTWO	A	0.48%
CHTR	C	0.46%
KVUE	A	0.41%
BWA	D	0.41%
PWR	A	0.4%
APTV	D	0.39%
J	F	0.39%
CEG	D	0.38%
JBL	B	0.37%
HRL	D	0.36%
BG	F	0.36%
PM	B	0.35%
MO	A	0.35%
TSN	B	0.35%
ORCL	B	0.34%
SLB	C	0.34%
SNPS	B	0.34%
T	A	0.33%
NKE	D	0.33%
HCA	F	0.33%
CDNS	B	0.33%
HAL	C	0.33%
RL	B	0.32%
UHS	D	0.32%
ATO	A	0.32%
TPR	B	0.32%
GRMN	B	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
FCX	D	0.29%
UAL	A	0.28%
VRSN	F	0.27%
STLD	B	0.27%
TSLA	B	0.27%
HUM	C	0.26%
HUBB	B	0.26%
DLR	B	0.26%
GDDY	A	0.26%
AKAM	D	0.26%
ZTS	D	0.25%
STZ	D	0.25%
PHM	D	0.25%
MOH	F	0.25%
KMI	A	0.25%
MNST	C	0.25%
SNA	A	0.25%
INCY	C	0.25%
SCHW	B	0.25%
LOW	D	0.25%
ENPH	F	0.25%
NUE	C	0.25%
HAS	D	0.25%
HD	A	0.25%
GS	A	0.25%
CNC	D	0.25%
TRGP	B	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
KDP	D	0.24%
PFE	D	0.24%
NEE	D	0.24%
LEN	D	0.24%
DTE	C	0.24%
CTLT	B	0.24%
NXPI	D	0.23%
MRNA	F	0.23%
DHI	D	0.23%
LW	C	0.22%
QCOM	F	0.22%
AVGO	D	0.22%
PLTR	B	0.22%
ADI	D	0.22%
CPRT	A	0.22%
GOOGL	C	0.22%
TXN	C	0.22%
ON	D	0.22%
GOOG	C	0.22%
ANET	C	0.21%
AOS	F	0.21%
MKC	D	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
PAYC	B	0.21%
IEX	B	0.2%
AFL	B	0.2%
PARA	C	0.2%
FFIV	B	0.2%
ERIE	D	0.2%
AIZ	A	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
DIS	B	0.2%
MAS	D	0.19%
WBD	C	0.19%
GLW	B	0.19%
BBWI	D	0.19%
BLDR	D	0.19%
GL	B	0.19%
JNPR	F	0.19%
CRWD	B	0.18%
EQT	B	0.18%
GEV	B	0.18%
ROL	B	0.18%
COR	B	0.18%
MCK	B	0.18%
MHK	D	0.18%
APH	A	0.18%
DG	F	0.17%
FTNT	C	0.17%
MLM	B	0.17%
NTAP	C	0.17%
DOV	A	0.17%
GEN	B	0.17%
ITW	B	0.17%
WY	D	0.17%
CTRA	B	0.17%
DLTR	F	0.17%
PTC	A	0.17%
DELL	C	0.17%
KLAC	D	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	D	0.17%
AMAT	F	0.17%
ULTA	F	0.17%
CTAS	B	0.17%
PANW	C	0.16%
GD	F	0.16%
DVN	F	0.16%
BA	F	0.16%
DGX	A	0.16%
LH	C	0.16%
TXT	D	0.16%
HON	B	0.16%
TER	D	0.16%
TECH	D	0.15%
AZO	C	0.15%
GPC	D	0.15%
WAT	B	0.15%
SMCI	F	0.15%
MU	D	0.15%
MTD	D	0.14%
CRL	C	0.14%
CINF	A	0.14%
URI	B	0.14%
TRV	B	0.14%
CB	C	0.14%
CAT	B	0.14%
AMD	F	0.14%
ACGL	D	0.14%
EG	C	0.14%
ORLY	B	0.14%
KMX	B	0.14%
LKQ	D	0.14%
TMO	F	0.14%
IT	C	0.13%
EPAM	C	0.13%
POOL	C	0.13%
CTSH	B	0.13%
DE	A	0.13%
WAB	B	0.13%
ZBRA	B	0.13%
BKNG	A	0.13%
NVDA	C	0.13%
MCHP	D	0.13%
LDOS	C	0.13%
WRB	A	0.13%
IQV	D	0.13%
HLT	A	0.12%
SYK	C	0.12%
ABNB	C	0.12%
MAR	B	0.12%
STE	F	0.12%
ISRG	A	0.12%
CDW	F	0.12%
BALL	D	0.12%
JPM	A	0.12%
ZBH	C	0.12%
FAST	B	0.12%
TSCO	D	0.12%
PCAR	B	0.12%
AMCR	D	0.12%
AME	A	0.12%
DVA	B	0.11%
EXR	D	0.11%
BR	A	0.11%
BXP	D	0.11%
HOLX	D	0.1%
PODD	C	0.1%
NWSA	B	0.1%
DHR	F	0.1%
NWS	B	0.1%
RVTY	F	0.1%
EQR	B	0.1%
FOX	A	0.1%
UDR	B	0.1%
GEHC	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
FOXA	B	0.1%
AVB	B	0.1%
PSA	D	0.1%
ARE	D	0.1%
CPT	B	0.1%
AXON	A	0.09%
EXPD	D	0.09%
KKR	A	0.09%
CCL	B	0.09%
CHRW	C	0.09%
NCLH	B	0.09%
CF	B	0.09%
IVZ	B	0.09%
LYV	A	0.09%
RMD	C	0.09%
DXCM	D	0.09%
IDXX	F	0.09%
SO	D	0.08%
EVRG	A	0.08%
AEE	A	0.08%
PH	A	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
OTIS	C	0.08%
LMT	D	0.08%
HII	D	0.08%
NOC	D	0.08%
BX	A	0.08%
RTX	C	0.08%
ODFL	B	0.08%
LVS	C	0.08%
MOS	F	0.08%
JBHT	C	0.08%
CSX	B	0.08%
LHX	C	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%
CZR	F	0.07%
MGM	D	0.07%
MRO	B	0.07%
EOG	A	0.07%
APA	D	0.07%
HES	B	0.07%
ALLE	D	0.07%
DUK	C	0.07%
WEC	A	0.07%
ES	D	0.07%
FDX	B	0.07%
XEL	A	0.07%
HWM	A	0.07%
FI	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
EW	C	0.06%
ABT	B	0.06%
MDT	D	0.06%
BSX	B	0.06%
IP	B	0.06%
KIM	A	0.06%
REG	B	0.06%
AVY	D	0.06%
FRT	B	0.06%
PLD	D	0.06%
SBAC	D	0.06%
VICI	C	0.06%
CCI	D	0.06%
PKG	A	0.06%
O	D	0.06%
SPG	B	0.06%
TDG	D	0.06%
SHW	A	0.06%
SOLV	C	0.05%
WST	C	0.05%
BDX	F	0.05%
TFX	F	0.05%
EMN	D	0.05%
FIS	C	0.05%
JKHY	D	0.05%
TFC	A	0.05%
EFX	F	0.04%
AON	A	0.04%
CSGP	D	0.04%
CBOE	B	0.04%
ICE	C	0.04%
FDS	B	0.04%
NDAQ	A	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
LIN	D	0.04%
MSCI	C	0.04%
FICO	B	0.03%
VLTO	D	0.03%
NDSN	B	0.03%
TRMB	B	0.03%
TDY	B	0.03%
ROP	B	0.03%
AJG	B	0.03%
MMC	B	0.03%
BRO	B	0.03%

SHUS Underweight 18 Positions Relative to WOMN

Symbol	Grade	Weight
WDAY	B	-0.51%
HUBS	A	-0.26%
DASH	A	-0.17%
WSM	B	-0.15%
OKTA	C	-0.14%
SCI	B	-0.11%
BAH	F	-0.09%
BMRN	D	-0.08%
PINS	D	-0.08%
TRU	D	-0.08%
OC	A	-0.07%
ETSY	D	-0.06%
REXR	F	-0.05%
ELS	C	-0.05%
Z	A	-0.04%
RHI	B	-0.03%
AGR	B	-0.01%
ZG	A	-0.01%