SHUS vs. APUE ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE)

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

APUE

Trust for Professional Managers ActivePassive U.S. Equity ETF

APUE Description

The fund is an actively-managed exchange-traded fund ("ETF") that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund"s benchmark index, the CRSP U.S. Total Market Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$36.75

Average Daily Volume

85,016

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	APUE
30 Days	2.26%	3.74%
60 Days	3.81%	4.87%
90 Days	5.24%	6.08%
12 Months	15.89%	33.10%

252 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in APUE	Overlap
A	D	0.15%	0.09%	0.09%
AAPL	C	0.49%	5.79%	0.49%
ABBV	D	0.24%	0.6%	0.24%
ABNB	C	0.12%	0.11%	0.11%
ABT	B	0.06%	0.25%	0.06%
ACGL	D	0.14%	0.06%	0.06%
ACN	C	0.13%	0.58%	0.13%
ADBE	C	0.15%	0.47%	0.15%
ADI	D	0.22%	0.29%	0.22%
ADM	D	0.36%	0.03%	0.03%
ADP	B	0.21%	0.17%	0.17%
AEE	A	0.08%	0.1%	0.08%
AEP	D	0.24%	0.22%	0.22%
AFL	B	0.2%	0.41%	0.2%
AIG	B	0.19%	0.14%	0.14%
ALL	A	0.19%	0.08%	0.08%
AMAT	F	0.17%	0.39%	0.17%
AMD	F	0.14%	0.45%	0.14%
AMGN	D	0.23%	0.18%	0.18%
AMT	D	0.06%	0.22%	0.06%
AMZN	C	0.21%	3.5%	0.21%
ANET	C	0.21%	0.24%	0.21%
AON	A	0.04%	0.08%	0.04%
APD	A	0.05%	0.09%	0.05%
APH	A	0.18%	0.43%	0.18%
ARE	D	0.1%	0.07%	0.07%
AVB	B	0.1%	0.08%	0.08%
AVGO	D	0.22%	1.41%	0.22%
AXP	A	0.05%	0.39%	0.05%
BA	F	0.16%	0.06%	0.06%
BAC	A	0.12%	0.49%	0.12%
BALL	D	0.12%	0.13%	0.12%
BEN	C	0.08%	0.07%	0.07%
BK	A	0.11%	0.37%	0.11%
BLK	C	0.09%	0.3%	0.09%
BMY	B	0.25%	0.18%	0.18%
BR	A	0.11%	0.29%	0.11%
BRK.A	B	0.49%	1.84%	0.49%
BSX	B	0.06%	0.28%	0.06%
BX	A	0.08%	0.25%	0.08%
C	A	0.13%	0.38%	0.13%
CAH	B	0.19%	0.1%	0.1%
CARR	D	0.08%	0.15%	0.08%
CAT	B	0.14%	0.29%	0.14%
CB	C	0.14%	0.06%	0.06%
CBOE	B	0.04%	0.17%	0.04%
CBRE	B	0.04%	0.07%	0.04%
CCI	D	0.06%	0.08%	0.06%
CCL	B	0.09%	0.16%	0.09%
CEG	D	0.38%	0.11%	0.11%
CI	F	0.18%	0.05%	0.05%
CL	D	0.4%	0.1%	0.1%
CMCSA	B	0.51%	0.27%	0.27%
CMG	B	0.49%	0.12%	0.12%
CMI	A	0.08%	0.11%	0.08%
CNC	D	0.25%	0.03%	0.03%
COF	B	0.69%	0.3%	0.3%
COP	C	0.07%	0.24%	0.07%
COR	B	0.18%	0.08%	0.08%
COST	B	0.7%	0.81%	0.7%
CPRT	A	0.22%	0.11%	0.11%
CRM	B	0.35%	0.62%	0.35%
CRWD	B	0.18%	0.13%	0.13%
CSCO	B	0.21%	0.38%	0.21%
CSGP	D	0.04%	0.06%	0.04%
CTAS	B	0.17%	0.31%	0.17%
CTRA	B	0.17%	0.04%	0.04%
CTSH	B	0.13%	0.07%	0.07%
CTVA	C	0.08%	0.06%	0.06%
CVS	D	0.68%	0.05%	0.05%
CVX	A	0.75%	0.31%	0.31%
DAL	C	0.27%	0.05%	0.05%
DD	D	0.05%	0.1%	0.05%
DE	A	0.13%	0.15%	0.13%
DECK	A	0.29%	0.31%	0.29%
DELL	C	0.17%	0.05%	0.05%
DGX	A	0.16%	0.13%	0.13%
DHI	D	0.23%	0.22%	0.22%
DHR	F	0.1%	0.39%	0.1%
DIS	B	0.2%	0.44%	0.2%
DLR	B	0.26%	0.08%	0.08%
DLTR	F	0.17%	0.02%	0.02%
DOV	A	0.17%	0.14%	0.14%
DRI	B	0.5%	0.08%	0.08%
DTE	C	0.24%	0.02%	0.02%
DUK	C	0.07%	0.4%	0.07%
DVN	F	0.16%	0.06%	0.06%
ECL	D	0.05%	0.12%	0.05%
ED	D	0.24%	0.15%	0.15%
EFX	F	0.04%	0.09%	0.04%
EG	C	0.14%	0.04%	0.04%
ELV	F	0.24%	0.04%	0.04%
EMR	A	0.03%	0.13%	0.03%
EOG	A	0.07%	0.11%	0.07%
EQR	B	0.1%	0.3%	0.1%
ESS	B	0.1%	0.15%	0.1%
ETN	A	0.26%	0.39%	0.26%
ETR	B	0.25%	0.3%	0.25%
EVRG	A	0.08%	0.16%	0.08%
EW	C	0.06%	0.05%	0.05%
EXR	D	0.11%	0.07%	0.07%
FCX	D	0.29%	0.16%	0.16%
FDX	B	0.07%	0.18%	0.07%
FI	A	0.06%	0.33%	0.06%
FOX	A	0.1%	0.14%	0.1%
FOXA	B	0.1%	0.13%	0.1%
FSLR	F	0.2%	0.04%	0.04%
GD	F	0.16%	0.06%	0.06%
GDDY	A	0.26%	0.16%	0.16%
GE	D	0.17%	0.47%	0.17%
GEN	B	0.17%	0.05%	0.05%
GEV	B	0.18%	0.14%	0.14%
GILD	C	0.24%	0.16%	0.16%
GIS	D	0.21%	0.01%	0.01%
GM	B	0.24%	0.22%	0.22%
GOOG	C	0.22%	1.63%	0.22%
GOOGL	C	0.22%	1.98%	0.22%
GPN	B	0.04%	0.05%	0.04%
GRMN	B	0.32%	0.15%	0.15%
GS	A	0.25%	0.32%	0.25%
GWW	B	0.13%	0.27%	0.13%
HCA	F	0.33%	0.31%	0.31%
HD	A	0.25%	0.59%	0.25%
HIG	B	0.14%	0.12%	0.12%
HOLX	D	0.1%	0.12%	0.1%
HON	B	0.16%	0.3%	0.16%
HST	C	0.11%	0.0%	0.0%
HUBB	B	0.26%	0.04%	0.04%
HWM	A	0.07%	0.16%	0.07%
IBM	C	0.33%	0.42%	0.33%
ICE	C	0.04%	0.15%	0.04%
INTU	C	0.2%	0.49%	0.2%
IP	B	0.06%	0.16%	0.06%
IR	B	0.2%	0.05%	0.05%
IRM	D	0.06%	0.16%	0.06%
ISRG	A	0.12%	0.43%	0.12%
J	F	0.39%	0.04%	0.04%
JKHY	D	0.05%	0.23%	0.05%
JNJ	D	0.23%	0.89%	0.23%
JPM	A	0.12%	1.5%	0.12%
KHC	F	0.21%	0.07%	0.07%
KKR	A	0.09%	0.21%	0.09%
KLAC	D	0.17%	0.19%	0.17%
KMB	D	0.41%	0.13%	0.13%
KO	D	0.24%	0.42%	0.24%
KR	B	0.73%	0.09%	0.09%
KVUE	A	0.41%	0.07%	0.07%
L	A	0.49%	0.25%	0.25%
LEN	D	0.24%	0.15%	0.15%
LEN	D	0.24%	0.2%	0.2%
LIN	D	0.04%	0.33%	0.04%
LLY	F	0.23%	1.16%	0.23%
LMT	D	0.08%	0.15%	0.08%
LOW	D	0.25%	0.35%	0.25%
LW	C	0.22%	0.25%	0.22%
MA	C	0.05%	0.59%	0.05%
MAS	D	0.19%	0.24%	0.19%
MCD	D	0.49%	0.23%	0.23%
MCK	B	0.18%	0.11%	0.11%
MDLZ	F	0.18%	0.28%	0.18%
MDT	D	0.06%	0.33%	0.06%
META	D	0.46%	2.28%	0.46%
MNST	C	0.25%	0.04%	0.04%
MO	A	0.35%	0.47%	0.35%
MPC	D	0.48%	0.13%	0.13%
MPWR	F	0.21%	0.06%	0.06%
MRK	F	0.24%	0.35%	0.24%
MS	A	0.26%	0.23%	0.23%
MSFT	F	0.32%	5.41%	0.32%
MU	D	0.15%	0.16%	0.15%
NDAQ	A	0.04%	0.06%	0.04%
NEE	D	0.24%	0.2%	0.2%
NEM	D	0.24%	0.07%	0.07%
NFLX	A	0.22%	0.74%	0.22%
NI	A	0.32%	0.18%	0.18%
NOW	A	0.22%	0.47%	0.22%
NTAP	C	0.17%	0.05%	0.05%
NUE	C	0.25%	0.04%	0.04%
NVDA	C	0.13%	5.97%	0.13%
NWS	B	0.1%	0.05%	0.05%
ORCL	B	0.34%	0.42%	0.34%
PANW	C	0.16%	0.17%	0.16%
PCAR	B	0.12%	0.31%	0.12%
PCG	A	0.07%	0.12%	0.07%
PEG	A	0.25%	0.14%	0.14%
PEP	F	0.17%	0.32%	0.17%
PFE	D	0.24%	0.25%	0.24%
PFG	D	0.2%	0.04%	0.04%
PG	A	0.41%	0.99%	0.41%
PGR	A	0.19%	0.26%	0.19%
PH	A	0.08%	0.33%	0.08%
PHM	D	0.25%	0.29%	0.25%
PKG	A	0.06%	0.07%	0.06%
PLD	D	0.06%	0.18%	0.06%
PLTR	B	0.22%	0.11%	0.11%
PM	B	0.35%	0.25%	0.25%
PPL	B	0.08%	0.19%	0.08%
PSX	C	0.5%	0.05%	0.05%
PWR	A	0.4%	0.11%	0.11%
PYPL	B	0.06%	0.15%	0.06%
QCOM	F	0.22%	0.48%	0.22%
RCL	A	0.08%	0.08%	0.08%
REGN	F	0.23%	0.18%	0.18%
ROK	B	0.03%	0.08%	0.03%
ROP	B	0.03%	0.17%	0.03%
ROST	C	0.71%	0.06%	0.06%
RSG	A	0.18%	0.05%	0.05%
RTX	C	0.08%	0.21%	0.08%
SHW	A	0.06%	0.27%	0.06%
SLB	C	0.34%	0.05%	0.05%
SMCI	F	0.15%	0.02%	0.02%
SNA	A	0.25%	0.27%	0.25%
SNPS	B	0.34%	0.1%	0.1%
SO	D	0.08%	0.22%	0.08%
SPG	B	0.06%	0.46%	0.06%
SPGI	C	0.04%	0.26%	0.04%
STLD	B	0.27%	0.11%	0.11%
STT	A	0.11%	0.09%	0.09%
SWKS	F	0.21%	0.1%	0.1%
SYF	B	0.68%	0.11%	0.11%
SYK	C	0.12%	0.38%	0.12%
T	A	0.33%	0.43%	0.33%
TGT	F	0.17%	0.16%	0.16%
TJX	A	0.71%	0.32%	0.32%
TMO	F	0.14%	0.29%	0.14%
TMUS	B	0.33%	0.41%	0.33%
TSLA	B	0.27%	1.68%	0.27%
TT	A	0.08%	0.17%	0.08%
TXN	C	0.22%	0.29%	0.22%
TXT	D	0.16%	0.15%	0.15%
UAL	A	0.28%	0.03%	0.03%
UBER	D	0.11%	0.29%	0.11%
UNH	C	0.25%	1.04%	0.25%
UNP	C	0.08%	0.38%	0.08%
UPS	C	0.08%	0.1%	0.08%
URI	B	0.14%	0.26%	0.14%
V	A	0.04%	0.64%	0.04%
VICI	C	0.06%	0.25%	0.06%
VLO	C	0.49%	0.06%	0.06%
VLTO	D	0.03%	0.03%	0.03%
VRTX	F	0.23%	0.21%	0.21%
VZ	C	0.32%	0.38%	0.32%
WAB	B	0.13%	0.18%	0.13%
WAT	B	0.15%	0.26%	0.15%
WELL	A	0.11%	0.13%	0.11%
WFC	A	0.13%	0.62%	0.13%
WMT	A	0.72%	0.93%	0.72%
WY	D	0.17%	0.14%	0.14%
XOM	B	0.75%	0.99%	0.75%
ZBH	C	0.12%	0.13%	0.12%
ZBRA	B	0.13%	0.26%	0.13%
ZTS	D	0.25%	0.09%	0.09%

SHUS Overweight 249 Positions Relative to APUE

Symbol	Grade	Weight
SYY	B	0.73%
DFS	B	0.68%
WBA	F	0.63%
DPZ	C	0.52%
YUM	B	0.5%
EL	F	0.49%
MSI	B	0.49%
SBUX	A	0.48%
EA	A	0.48%
TTWO	A	0.48%
MTCH	D	0.46%
CHTR	C	0.46%
CLX	B	0.41%
BWA	D	0.41%
CHD	B	0.41%
VST	B	0.4%
APTV	D	0.39%
JBL	B	0.37%
HRL	D	0.36%
BG	F	0.36%
BKR	B	0.35%
TSN	B	0.35%
HPQ	B	0.34%
NKE	D	0.33%
IPG	D	0.33%
OMC	C	0.33%
CDNS	B	0.33%
HAL	C	0.33%
AWK	D	0.32%
RL	B	0.32%
UHS	D	0.32%
ATO	A	0.32%
TPR	B	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
LULU	C	0.3%
EXC	C	0.29%
VRSN	F	0.27%
HUM	C	0.26%
EQIX	A	0.26%
SWK	D	0.26%
AKAM	D	0.26%
STZ	D	0.25%
MOH	F	0.25%
LUV	C	0.25%
KMI	A	0.25%
TAP	C	0.25%
INCY	C	0.25%
SCHW	B	0.25%
CNP	B	0.25%
RJF	A	0.25%
ENPH	F	0.25%
HAS	D	0.25%
D	C	0.24%
TRGP	B	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
KDP	D	0.24%
BIIB	F	0.24%
WMB	A	0.24%
F	C	0.24%
CTLT	B	0.24%
EIX	B	0.24%
NXPI	D	0.23%
MRNA	F	0.23%
EBAY	D	0.22%
DAY	B	0.22%
ON	D	0.22%
AOS	F	0.21%
MKC	D	0.21%
QRVO	F	0.21%
SJM	D	0.21%
MET	A	0.21%
CAG	D	0.21%
PAYX	C	0.21%
PAYC	B	0.21%
TYL	B	0.21%
IEX	B	0.2%
PARA	C	0.2%
FFIV	B	0.2%
CPB	D	0.2%
ERIE	D	0.2%
AIZ	A	0.2%
HSIC	B	0.2%
PRU	A	0.2%
KEYS	A	0.2%
TEL	B	0.19%
XYL	D	0.19%
HPE	B	0.19%
WBD	C	0.19%
GLW	B	0.19%
BBWI	D	0.19%
PNR	A	0.19%
BLDR	D	0.19%
GL	B	0.19%
JNPR	F	0.19%
EQT	B	0.18%
WM	A	0.18%
ROL	B	0.18%
K	A	0.18%
MHK	D	0.18%
MMM	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
FTNT	C	0.17%
MLM	B	0.17%
ITW	B	0.17%
BBY	D	0.17%
PTC	A	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	D	0.17%
HSY	F	0.17%
ULTA	F	0.17%
INTC	D	0.16%
LH	C	0.16%
ADSK	A	0.16%
TER	D	0.16%
TECH	D	0.15%
AZO	C	0.15%
GPC	D	0.15%
MTD	D	0.14%
CRL	C	0.14%
CINF	A	0.14%
TRV	B	0.14%
ORLY	B	0.14%
KMX	B	0.14%
LKQ	D	0.14%
IT	C	0.13%
EPAM	C	0.13%
POOL	C	0.13%
BKNG	A	0.13%
MCHP	D	0.13%
LDOS	C	0.13%
WRB	A	0.13%
IQV	D	0.13%
HLT	A	0.12%
MAR	B	0.12%
EXPE	B	0.12%
STE	F	0.12%
CDW	F	0.12%
FAST	B	0.12%
TSCO	D	0.12%
AMCR	D	0.12%
AME	A	0.12%
VTR	C	0.11%
DVA	B	0.11%
DOC	D	0.11%
BXP	D	0.11%
PODD	C	0.1%
NWSA	B	0.1%
RVTY	F	0.1%
INVH	D	0.1%
UDR	B	0.1%
GEHC	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
PSA	D	0.1%
CPT	B	0.1%
AXON	A	0.09%
EXPD	D	0.09%
AMP	A	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%
LNT	A	0.08%
JCI	C	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
NSC	B	0.08%
OTIS	C	0.08%
HII	D	0.08%
NOC	D	0.08%
ODFL	B	0.08%
NTRS	A	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%
TROW	B	0.08%
LYB	F	0.07%
SW	A	0.07%
FANG	D	0.07%
OXY	D	0.07%
PPG	F	0.07%
CZR	F	0.07%
MGM	D	0.07%
MRO	B	0.07%
APA	D	0.07%
DOW	F	0.07%
HES	B	0.07%
PNW	B	0.07%
CE	F	0.07%
ALLE	D	0.07%
WEC	A	0.07%
ES	D	0.07%
SRE	A	0.07%
XEL	A	0.07%
CMS	C	0.07%
KEY	B	0.06%
RF	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
KIM	A	0.06%
REG	B	0.06%
AVY	D	0.06%
FRT	B	0.06%
SBAC	D	0.06%
O	D	0.06%
TDG	D	0.06%
SOLV	C	0.05%
IFF	D	0.05%
BAX	D	0.05%
WST	C	0.05%
BDX	F	0.05%
TFX	F	0.05%
EMN	D	0.05%
ALB	C	0.05%
FIS	C	0.05%
HBAN	A	0.05%
TFC	A	0.05%
USB	A	0.05%
CFG	B	0.05%
FITB	A	0.05%
WTW	B	0.04%
MCO	B	0.04%
VRSK	A	0.04%
FDS	B	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
MSCI	C	0.04%
FICO	B	0.03%
NDSN	B	0.03%
FTV	C	0.03%
TRMB	B	0.03%
TDY	B	0.03%
AJG	B	0.03%
MMC	B	0.03%
BRO	B	0.03%

SHUS Underweight 41 Positions Relative to APUE

Symbol	Grade	Weight
DFAS	A	-4.83%
AER	B	-0.42%
AWI	A	-0.38%
CHDN	B	-0.38%
MUSA	A	-0.37%
WTM	A	-0.37%
ENTG	D	-0.31%
POST	C	-0.27%
LANC	C	-0.27%
AXTA	A	-0.27%
THG	A	-0.25%
NEU	C	-0.23%
CACC	D	-0.23%
CWST	A	-0.22%
QLYS	C	-0.22%
DASH	A	-0.2%
LRCX	F	-0.2%
TTC	D	-0.19%
ESI	A	-0.19%
FR	C	-0.18%
REYN	D	-0.15%
TREX	C	-0.15%
COIN	C	-0.15%
UNF	B	-0.14%
MTN	C	-0.14%
BRKR	D	-0.13%
FNF	B	-0.13%
CNNE	B	-0.09%
CABO	C	-0.09%
CRBG	B	-0.07%
TW	A	-0.07%
LNG	B	-0.07%
MKL	A	-0.07%
APO	B	-0.06%
RBLX	C	-0.06%
SQ	B	-0.06%
CVNA	B	-0.05%
IBKR	A	-0.05%
MSTR	C	-0.03%
RKT	F	-0.02%
WPC	D	-0.02%