SSPY vs. FCTR ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

166

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	FCTR
30 Days	4.23%	9.38%
60 Days	1.79%	12.16%
90 Days	3.72%	17.79%
12 Months	23.81%	36.88%

138 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in FCTR	Overlap
AAPL	C	0.5%	0.66%	0.5%
ACGL	D	0.14%	0.8%	0.14%
ADBE	C	0.16%	0.37%	0.16%
ADP	B	0.21%	1.1%	0.21%
ADSK	A	0.17%	0.42%	0.17%
AEE	A	0.08%	0.45%	0.08%
AEP	D	0.24%	0.41%	0.24%
AFL	B	0.2%	0.4%	0.2%
AME	A	0.13%	0.22%	0.13%
AMT	D	0.06%	0.34%	0.06%
ANET	C	0.21%	1.24%	0.21%
ATO	A	0.33%	0.27%	0.27%
AVB	B	0.1%	0.43%	0.1%
AVGO	D	0.23%	0.43%	0.23%
AWK	D	0.32%	0.38%	0.32%
AXON	A	0.09%	1.45%	0.09%
BDX	F	0.05%	0.39%	0.05%
BKNG	A	0.11%	0.29%	0.11%
BLK	C	0.08%	0.45%	0.08%
BR	A	0.11%	1.37%	0.11%
BRK.A	B	0.5%	0.24%	0.24%
BRO	B	0.04%	0.94%	0.04%
BSX	B	0.06%	0.47%	0.06%
BX	A	0.08%	0.36%	0.08%
CARR	D	0.08%	0.38%	0.08%
CB	C	0.14%	0.23%	0.14%
CDNS	B	0.33%	0.54%	0.33%
CHD	B	0.42%	0.23%	0.23%
CL	D	0.41%	1.01%	0.41%
CMG	B	0.5%	0.22%	0.22%
CMS	C	0.08%	0.46%	0.08%
COST	B	0.71%	0.34%	0.34%
CPAY	A	0.04%	0.26%	0.04%
CRWD	B	0.18%	0.68%	0.18%
CSCO	B	0.21%	0.25%	0.21%
CTAS	B	0.18%	1.05%	0.18%
DHI	D	0.24%	0.34%	0.24%
DPZ	C	0.52%	0.45%	0.45%
DRI	B	0.51%	0.49%	0.49%
DTE	C	0.25%	0.4%	0.25%
DUK	C	0.07%	0.49%	0.07%
DXCM	D	0.1%	0.4%	0.1%
ED	D	0.24%	0.43%	0.24%
EIX	B	0.25%	0.43%	0.25%
EQR	B	0.1%	0.4%	0.1%
ERIE	D	0.2%	0.45%	0.2%
ETN	A	0.26%	0.3%	0.26%
ETR	B	0.25%	0.5%	0.25%
EXC	C	0.3%	0.4%	0.3%
FAST	B	0.13%	0.52%	0.13%
FDS	B	0.04%	0.9%	0.04%
FE	C	0.24%	0.5%	0.24%
FI	A	0.06%	0.92%	0.06%
FICO	B	0.05%	1.51%	0.05%
GIS	D	0.21%	0.35%	0.21%
GWW	B	0.12%	0.28%	0.12%
HCA	F	0.33%	0.33%	0.33%
HON	B	0.17%	0.24%	0.17%
HSY	F	0.18%	0.19%	0.18%
HWM	A	0.08%	0.79%	0.08%
ICE	C	0.04%	0.77%	0.04%
IDXX	F	0.1%	0.31%	0.1%
INTU	C	0.2%	0.37%	0.2%
IRM	D	0.06%	0.61%	0.06%
ISRG	A	0.12%	0.91%	0.12%
ITW	B	0.17%	0.84%	0.17%
KDP	D	0.24%	0.42%	0.24%
KKR	A	0.09%	0.68%	0.09%
KLAC	D	0.17%	0.32%	0.17%
KMB	D	0.42%	0.39%	0.39%
KO	D	0.25%	0.52%	0.25%
LDOS	C	0.13%	0.8%	0.13%
LLY	F	0.23%	0.72%	0.23%
LMT	D	0.09%	0.45%	0.09%
LNT	A	0.08%	0.49%	0.08%
LW	C	0.22%	0.37%	0.22%
MA	C	0.04%	1.36%	0.04%
MCD	D	0.5%	0.65%	0.5%
MCO	B	0.04%	0.39%	0.04%
MDLZ	F	0.18%	0.19%	0.18%
MDT	D	0.06%	0.39%	0.06%
META	D	0.47%	0.45%	0.45%
MMC	B	0.04%	0.54%	0.04%
MNST	C	0.25%	0.19%	0.19%
MPWR	F	0.22%	0.31%	0.22%
MSCI	C	0.04%	0.49%	0.04%
MSFT	F	0.32%	0.36%	0.32%
MSI	B	0.49%	1.73%	0.49%
NFLX	A	0.22%	0.47%	0.22%
NI	A	0.33%	0.55%	0.33%
NOC	D	0.09%	0.4%	0.09%
NOW	A	0.22%	0.51%	0.22%
NVDA	C	0.13%	0.77%	0.13%
NVR	D	0.26%	0.36%	0.26%
O	D	0.07%	0.41%	0.07%
OKE	A	0.24%	0.36%	0.24%
ORCL	B	0.34%	0.51%	0.34%
ORLY	B	0.14%	0.43%	0.14%
PANW	C	0.16%	0.5%	0.16%
PAYX	C	0.21%	1.42%	0.21%
PCAR	B	0.13%	0.19%	0.13%
PEP	F	0.18%	0.2%	0.18%
PG	A	0.42%	0.52%	0.42%
PGR	A	0.19%	0.48%	0.19%
PH	A	0.08%	0.62%	0.08%
PHM	D	0.25%	0.42%	0.25%
PLTR	B	0.23%	2.43%	0.23%
PPG	F	0.07%	0.41%	0.07%
PPL	B	0.08%	0.51%	0.08%
PSA	D	0.11%	0.34%	0.11%
PWR	A	0.4%	0.37%	0.37%
RCL	A	0.09%	0.56%	0.09%
ROL	B	0.18%	0.9%	0.18%
ROP	B	0.03%	0.42%	0.03%
ROST	C	0.72%	0.47%	0.47%
RSG	A	0.18%	0.24%	0.18%
SBAC	D	0.06%	0.53%	0.06%
SNPS	B	0.34%	0.44%	0.34%
SO	D	0.08%	0.44%	0.08%
SPGI	C	0.04%	0.47%	0.04%
SRE	A	0.08%	0.5%	0.08%
SYK	C	0.12%	1.36%	0.12%
SYY	B	0.75%	0.77%	0.75%
TDG	D	0.08%	0.99%	0.08%
TJX	A	0.72%	0.6%	0.6%
TRGP	B	0.24%	0.73%	0.24%
TT	A	0.07%	0.82%	0.07%
TTWO	A	0.49%	0.51%	0.49%
URI	B	0.14%	0.41%	0.14%
V	A	0.04%	1.34%	0.04%
VICI	C	0.06%	0.63%	0.06%
VRSK	A	0.04%	0.93%	0.04%
VRSN	F	0.27%	0.87%	0.27%
VRTX	F	0.23%	0.37%	0.23%
VST	B	0.41%	1.86%	0.41%
WEC	A	0.07%	0.48%	0.07%
WM	A	0.18%	0.22%	0.18%
YUM	B	0.51%	0.95%	0.51%

SSPY Overweight 362 Positions Relative to FCTR

Symbol	Grade	Weight
XOM	B	0.77%
CVX	A	0.76%
KR	B	0.74%
WMT	A	0.73%
COF	B	0.7%
SYF	B	0.69%
CVS	D	0.69%
DFS	B	0.69%
WBA	F	0.64%
CMCSA	B	0.52%
PSX	C	0.51%
VLO	C	0.5%
EL	F	0.5%
EA	A	0.49%
MPC	D	0.49%
L	A	0.49%
SBUX	A	0.48%
CHTR	C	0.47%
MTCH	D	0.47%
KVUE	A	0.42%
BWA	D	0.42%
CLX	B	0.41%
APTV	D	0.4%
J	F	0.4%
JBL	B	0.38%
CEG	D	0.38%
ADM	D	0.37%
BG	F	0.37%
TSN	B	0.36%
HRL	D	0.36%
SLB	C	0.35%
HPQ	B	0.35%
PM	B	0.35%
BKR	B	0.35%
CRM	B	0.35%
MO	A	0.35%
IPG	D	0.34%
IBM	C	0.34%
OMC	C	0.34%
HAL	C	0.34%
TMUS	B	0.33%
GRMN	B	0.33%
TPR	B	0.33%
VZ	C	0.33%
T	A	0.33%
NRG	B	0.33%
NKE	D	0.33%
AES	F	0.32%
UHS	D	0.32%
RL	B	0.32%
LULU	C	0.31%
FCX	D	0.3%
DECK	A	0.3%
TSLA	B	0.28%
DAL	C	0.28%
UAL	A	0.28%
SWK	D	0.27%
GDDY	A	0.27%
EQIX	A	0.27%
AKAM	D	0.27%
STLD	B	0.27%
CNP	B	0.26%
HUBB	B	0.26%
ENPH	F	0.26%
NUE	C	0.26%
PEG	A	0.26%
LOW	D	0.26%
HAS	D	0.26%
CNC	D	0.26%
HD	A	0.26%
MS	A	0.26%
UNH	C	0.26%
HUM	C	0.26%
DLR	B	0.26%
LEN	D	0.25%
GM	B	0.25%
WMB	A	0.25%
NEM	D	0.25%
F	C	0.25%
GILD	C	0.25%
CTLT	B	0.25%
MOH	F	0.25%
STZ	D	0.25%
ZTS	D	0.25%
SNA	A	0.25%
LUV	C	0.25%
KMI	A	0.25%
TAP	C	0.25%
INCY	C	0.25%
RJF	A	0.25%
BMY	B	0.25%
GS	A	0.25%
SCHW	B	0.25%
MRNA	F	0.24%
AMGN	D	0.24%
JNJ	D	0.24%
MRK	F	0.24%
D	C	0.24%
VTRS	A	0.24%
PFE	D	0.24%
BIIB	F	0.24%
NEE	D	0.24%
ELV	F	0.24%
ABBV	D	0.24%
CPRT	A	0.23%
ON	D	0.23%
GOOGL	C	0.23%
GOOG	C	0.23%
TXN	C	0.23%
NXPI	D	0.23%
PAYC	B	0.22%
REGN	F	0.22%
TYL	B	0.22%
EBAY	D	0.22%
AMZN	C	0.22%
DAY	B	0.22%
QCOM	F	0.22%
ADI	D	0.22%
FFIV	B	0.21%
KEYS	A	0.21%
DIS	B	0.21%
PFG	D	0.21%
AOS	F	0.21%
MKC	D	0.21%
KHC	F	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
SJM	D	0.21%
MET	A	0.21%
CAG	D	0.21%
ALL	A	0.2%
GL	B	0.2%
AIG	B	0.2%
IEX	B	0.2%
IR	B	0.2%
JNPR	F	0.2%
PARA	C	0.2%
CPB	D	0.2%
PRU	A	0.2%
AIZ	A	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
MHK	D	0.19%
CI	F	0.19%
APH	A	0.19%
XYL	D	0.19%
CAH	B	0.19%
TEL	B	0.19%
HPE	B	0.19%
MAS	D	0.19%
WBD	C	0.19%
PNR	A	0.19%
BLDR	D	0.19%
GLW	B	0.19%
BBWI	D	0.19%
AMAT	F	0.18%
GEV	B	0.18%
EQT	B	0.18%
MCK	B	0.18%
COR	B	0.18%
K	A	0.18%
TGT	F	0.17%
TER	D	0.17%
MMM	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
FTNT	C	0.17%
DOV	A	0.17%
NTAP	C	0.17%
GEN	B	0.17%
BBY	D	0.17%
WY	D	0.17%
CTRA	B	0.17%
GE	D	0.17%
MLM	B	0.17%
DLTR	F	0.17%
DELL	C	0.17%
PTC	A	0.17%
VMC	B	0.17%
STX	D	0.17%
ULTA	F	0.17%
WDC	D	0.17%
INTC	D	0.16%
DVN	F	0.16%
GD	F	0.16%
BA	F	0.16%
LH	C	0.16%
TXT	D	0.16%
DGX	A	0.16%
TECH	D	0.15%
SMCI	F	0.15%
A	D	0.15%
GPC	D	0.15%
WAT	B	0.15%
MTD	D	0.15%
MU	D	0.15%
WRB	A	0.14%
MCHP	D	0.14%
AZO	C	0.14%
CAT	B	0.14%
IQV	D	0.14%
TMO	F	0.14%
TRV	B	0.14%
CINF	A	0.14%
CRL	C	0.14%
HIG	B	0.14%
AMD	F	0.14%
KMX	B	0.14%
EG	C	0.14%
LKQ	D	0.14%
BALL	D	0.13%
JPM	A	0.13%
CDW	F	0.13%
AMCR	D	0.13%
POOL	C	0.13%
DE	A	0.13%
ACN	C	0.13%
EPAM	C	0.13%
WFC	A	0.13%
CTSH	B	0.13%
ZBRA	B	0.13%
C	A	0.13%
WAB	B	0.13%
IT	C	0.13%
STT	A	0.12%
HLT	A	0.12%
MAR	B	0.12%
ABNB	C	0.12%
STE	F	0.12%
EXPE	B	0.12%
ZBH	C	0.12%
TSCO	D	0.12%
BAC	A	0.12%
ARE	D	0.11%
VTR	C	0.11%
WELL	A	0.11%
EXR	D	0.11%
DVA	B	0.11%
CPT	B	0.11%
DOC	D	0.11%
BXP	D	0.11%
HST	C	0.11%
UBER	D	0.11%
BK	A	0.11%
PODD	C	0.1%
HOLX	D	0.1%
DHR	F	0.1%
NWSA	B	0.1%
NWS	B	0.1%
ESS	B	0.1%
RVTY	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
INVH	D	0.1%
GEHC	F	0.1%
FOX	A	0.1%
UDR	B	0.1%
FOXA	B	0.1%
TROW	B	0.09%
FMC	D	0.09%
BEN	C	0.09%
UPS	C	0.09%
EXPD	D	0.09%
CCL	B	0.09%
CHRW	C	0.09%
CF	B	0.09%
NCLH	B	0.09%
LYV	A	0.09%
IVZ	B	0.09%
RMD	C	0.09%
ALLE	D	0.08%
PCG	A	0.08%
XEL	A	0.08%
EVRG	A	0.08%
JCI	C	0.08%
UNP	C	0.08%
CMI	A	0.08%
NSC	B	0.08%
OTIS	C	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
ODFL	B	0.08%
RTX	C	0.08%
HII	D	0.08%
NTRS	A	0.08%
LHX	C	0.08%
LVS	C	0.08%
AMP	A	0.08%
MOS	F	0.08%
JBHT	C	0.08%
CSX	B	0.08%
CTVA	C	0.08%
SPG	B	0.07%
LYB	F	0.07%
SW	A	0.07%
FANG	D	0.07%
OXY	D	0.07%
CZR	F	0.07%
COP	C	0.07%
MRO	B	0.07%
MGM	D	0.07%
EOG	A	0.07%
DOW	F	0.07%
APA	D	0.07%
HES	B	0.07%
PNW	B	0.07%
FDX	B	0.07%
CE	F	0.07%
ES	D	0.07%
TFC	A	0.06%
CFG	B	0.06%
HBAN	A	0.06%
USB	A	0.06%
FITB	A	0.06%
PNC	B	0.06%
KEY	B	0.06%
RF	A	0.06%
MTB	A	0.06%
EW	C	0.06%
ABT	B	0.06%
AVY	D	0.06%
PYPL	B	0.06%
IP	B	0.06%
PKG	A	0.06%
REG	B	0.06%
KIM	A	0.06%
PLD	D	0.06%
FRT	B	0.06%
SHW	A	0.06%
CCI	D	0.06%
IFF	D	0.05%
ECL	D	0.05%
SOLV	C	0.05%
BAX	D	0.05%
APD	A	0.05%
TFX	F	0.05%
WST	C	0.05%
EMN	D	0.05%
DD	D	0.05%
ALB	C	0.05%
JKHY	D	0.05%
FIS	C	0.05%
AON	A	0.04%
EFX	F	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
GPN	B	0.04%
CBOE	B	0.04%
NDAQ	A	0.04%
AXP	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
LIN	D	0.04%
VLTO	D	0.03%
ROK	B	0.03%
NDSN	B	0.03%
TDY	B	0.03%
EMR	A	0.03%
TRMB	B	0.03%
FTV	C	0.03%
AJG	B	0.03%
WTW	B	0.03%

SSPY Underweight 28 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.82%
MSTR	C	-2.06%
ARES	A	-1.04%
APO	B	-1.03%
HOOD	B	-0.92%
THC	D	-0.81%
EME	C	-0.77%
TPL	A	-0.75%
MANH	D	-0.7%
TTD	B	-0.59%
NET	B	-0.58%
DDOG	A	-0.56%
HUBS	A	-0.55%
ZS	C	-0.53%
LNG	B	-0.52%
TOL	B	-0.52%
SNOW	C	-0.51%
RBLX	C	-0.49%
DASH	A	-0.47%
ALNY	D	-0.43%
GLPI	C	-0.42%
MDB	C	-0.4%
LII	A	-0.37%
BSY	D	-0.37%
CSL	C	-0.33%
RIVN	F	-0.32%
FCNCA	A	-0.31%
LECO	B	-0.17%