SHUS vs. FLCC ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Federated Hermes MDT Large Cap Core ETF (FLCC)

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

FLCC

Federated Hermes MDT Large Cap Core ETF

FLCC Description

The fund seeks to achieve its objective by investing primarily in the common stock of large-cap U.S. companies. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in large-cap companies. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.

Grade (RS Rating)

Last Trade

$28.79

Average Daily Volume

1,206

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	FLCC
30 Days	2.26%	5.96%
60 Days	3.81%	7.71%
90 Days	5.24%	11.16%
12 Months	15.89%

101 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in FLCC	Overlap
AAPL	C	0.49%	5.33%	0.49%
ABBV	D	0.24%	1.98%	0.24%
ACGL	D	0.14%	0.29%	0.14%
ADBE	C	0.15%	0.22%	0.15%
ALGN	D	0.1%	0.07%	0.07%
ALLE	D	0.07%	0.22%	0.07%
AMAT	F	0.17%	0.51%	0.17%
AMGN	D	0.23%	0.63%	0.23%
AMP	A	0.09%	2.16%	0.09%
AMT	D	0.06%	0.03%	0.03%
AMZN	C	0.21%	1.6%	0.21%
ANET	C	0.21%	1.45%	0.21%
BIIB	F	0.24%	0.27%	0.24%
BK	A	0.11%	1.49%	0.11%
CAH	B	0.19%	0.21%	0.19%
CBOE	B	0.04%	0.18%	0.04%
CBRE	B	0.04%	0.1%	0.04%
CCI	D	0.06%	0.05%	0.05%
CEG	D	0.38%	0.47%	0.38%
CI	F	0.18%	0.23%	0.18%
CL	D	0.4%	0.74%	0.4%
CNC	D	0.25%	0.18%	0.18%
COR	B	0.18%	0.61%	0.18%
COST	B	0.7%	1.48%	0.7%
CRM	B	0.35%	0.16%	0.16%
DELL	C	0.17%	0.24%	0.17%
DVN	F	0.16%	0.14%	0.14%
EBAY	D	0.22%	0.44%	0.22%
EIX	B	0.24%	0.38%	0.24%
ELV	F	0.24%	0.27%	0.24%
EOG	A	0.07%	0.56%	0.07%
ESS	B	0.1%	0.09%	0.09%
EXC	C	0.29%	0.07%	0.07%
EXPE	B	0.12%	0.99%	0.12%
F	C	0.24%	0.04%	0.04%
FMC	D	0.08%	0.36%	0.08%
FTNT	C	0.17%	1.58%	0.17%
GDDY	A	0.26%	2.53%	0.26%
GEHC	F	0.1%	0.14%	0.1%
GEV	B	0.18%	2.21%	0.18%
GILD	C	0.24%	0.96%	0.24%
GOOGL	C	0.22%	4.82%	0.22%
HIG	B	0.14%	0.25%	0.14%
HPE	B	0.19%	0.22%	0.19%
HUM	C	0.26%	0.25%	0.25%
ICE	C	0.04%	0.21%	0.04%
INCY	C	0.25%	0.59%	0.25%
JNJ	D	0.23%	1.15%	0.23%
KMB	D	0.41%	0.9%	0.41%
KR	B	0.73%	0.51%	0.51%
LLY	F	0.23%	0.27%	0.23%
MA	C	0.05%	0.56%	0.05%
MAS	D	0.19%	0.28%	0.19%
META	D	0.46%	2.49%	0.46%
MOS	F	0.08%	0.12%	0.08%
MPC	D	0.48%	0.48%	0.48%
MRK	F	0.24%	0.76%	0.24%
MSCI	C	0.04%	0.12%	0.04%
MSFT	F	0.32%	5.55%	0.32%
MU	D	0.15%	0.33%	0.15%
NEM	D	0.24%	0.32%	0.24%
NOW	A	0.22%	0.12%	0.12%
NTAP	C	0.17%	0.2%	0.17%
NTRS	A	0.08%	1.05%	0.08%
NVDA	C	0.13%	3.9%	0.13%
ORCL	B	0.34%	0.38%	0.34%
ORLY	B	0.14%	0.36%	0.14%
OTIS	C	0.08%	0.27%	0.08%
PAYC	B	0.21%	0.66%	0.21%
PEP	F	0.17%	0.45%	0.17%
PGR	A	0.19%	0.79%	0.19%
PLTR	B	0.22%	0.36%	0.22%
PM	B	0.35%	1.61%	0.35%
PPG	F	0.07%	0.71%	0.07%
PRU	A	0.2%	1.92%	0.2%
PSX	C	0.5%	0.11%	0.11%
QCOM	F	0.22%	1.42%	0.22%
QRVO	F	0.21%	0.12%	0.12%
RCL	A	0.08%	0.63%	0.08%
REGN	F	0.23%	0.29%	0.23%
ROK	B	0.03%	0.14%	0.03%
SBAC	D	0.06%	0.05%	0.05%
SPG	B	0.06%	0.06%	0.06%
STLD	B	0.27%	0.16%	0.16%
STT	A	0.11%	1.5%	0.11%
TER	D	0.16%	0.03%	0.03%
TFX	F	0.05%	0.14%	0.05%
TJX	A	0.71%	0.3%	0.3%
TRGP	B	0.24%	0.47%	0.24%
TRV	B	0.14%	1.05%	0.14%
TSLA	B	0.27%	0.28%	0.27%
TT	A	0.08%	0.44%	0.08%
UNH	C	0.25%	0.09%	0.09%
UNP	C	0.08%	0.28%	0.08%
VLTO	D	0.03%	2.38%	0.03%
VRSK	A	0.04%	0.53%	0.04%
VRTX	F	0.23%	0.33%	0.23%
WEC	A	0.07%	0.23%	0.07%
WM	A	0.18%	0.28%	0.18%
XEL	A	0.07%	0.09%	0.07%
ZTS	D	0.25%	0.46%	0.25%

SHUS Overweight 399 Positions Relative to FLCC

Symbol	Grade	Weight
CVX	A	0.75%
XOM	B	0.75%
SYY	B	0.73%
WMT	A	0.72%
ROST	C	0.71%
COF	B	0.69%
SYF	B	0.68%
CVS	D	0.68%
DFS	B	0.68%
WBA	F	0.63%
DPZ	C	0.52%
CMCSA	B	0.51%
DRI	B	0.5%
YUM	B	0.5%
L	A	0.49%
EL	F	0.49%
VLO	C	0.49%
MSI	B	0.49%
MCD	D	0.49%
CMG	B	0.49%
BRK.A	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%
KVUE	A	0.41%
PG	A	0.41%
BWA	D	0.41%
CHD	B	0.41%
VST	B	0.4%
PWR	A	0.4%
APTV	D	0.39%
J	F	0.39%
JBL	B	0.37%
HRL	D	0.36%
ADM	D	0.36%
BG	F	0.36%
BKR	B	0.35%
MO	A	0.35%
TSN	B	0.35%
SLB	C	0.34%
SNPS	B	0.34%
HPQ	B	0.34%
T	A	0.33%
TMUS	B	0.33%
NKE	D	0.33%
IPG	D	0.33%
OMC	C	0.33%
HCA	F	0.33%
CDNS	B	0.33%
IBM	C	0.33%
HAL	C	0.33%
AWK	D	0.32%
RL	B	0.32%
UHS	D	0.32%
ATO	A	0.32%
NI	A	0.32%
TPR	B	0.32%
GRMN	B	0.32%
VZ	C	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
LULU	C	0.3%
FCX	D	0.29%
DECK	A	0.29%
UAL	A	0.28%
VRSN	F	0.27%
DAL	C	0.27%
MS	A	0.26%
HUBB	B	0.26%
ETN	A	0.26%
EQIX	A	0.26%
SWK	D	0.26%
DLR	B	0.26%
AKAM	D	0.26%
STZ	D	0.25%
PHM	D	0.25%
MOH	F	0.25%
LUV	C	0.25%
KMI	A	0.25%
MNST	C	0.25%
ETR	B	0.25%
TAP	C	0.25%
SNA	A	0.25%
BMY	B	0.25%
SCHW	B	0.25%
CNP	B	0.25%
RJF	A	0.25%
LOW	D	0.25%
ENPH	F	0.25%
NUE	C	0.25%
HAS	D	0.25%
HD	A	0.25%
PEG	A	0.25%
GS	A	0.25%
AEP	D	0.24%
D	C	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
ED	D	0.24%
KDP	D	0.24%
PFE	D	0.24%
NEE	D	0.24%
WMB	A	0.24%
GM	B	0.24%
LEN	D	0.24%
KO	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%
DAY	B	0.22%
NFLX	A	0.22%
AVGO	D	0.22%
ADI	D	0.22%
CPRT	A	0.22%
TXN	C	0.22%
ON	D	0.22%
GOOG	C	0.22%
KHC	F	0.21%
CSCO	B	0.21%
AOS	F	0.21%
MKC	D	0.21%
SWKS	F	0.21%
SJM	D	0.21%
MET	A	0.21%
GIS	D	0.21%
CAG	D	0.21%
ADP	B	0.21%
PAYX	C	0.21%
TYL	B	0.21%
MPWR	F	0.21%
IR	B	0.2%
IEX	B	0.2%
AFL	B	0.2%
PARA	C	0.2%
FFIV	B	0.2%
CPB	D	0.2%
ERIE	D	0.2%
AIZ	A	0.2%
INTU	C	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
KEYS	A	0.2%
DIS	B	0.2%
PFG	D	0.2%
TEL	B	0.19%
XYL	D	0.19%
WBD	C	0.19%
GLW	B	0.19%
BBWI	D	0.19%
PNR	A	0.19%
ALL	A	0.19%
BLDR	D	0.19%
GL	B	0.19%
AIG	B	0.19%
JNPR	F	0.19%
RSG	A	0.18%
CRWD	B	0.18%
EQT	B	0.18%
MDLZ	F	0.18%
ROL	B	0.18%
K	A	0.18%
MCK	B	0.18%
MHK	D	0.18%
APH	A	0.18%
TGT	F	0.17%
MMM	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
GE	D	0.17%
MLM	B	0.17%
DOV	A	0.17%
GEN	B	0.17%
ITW	B	0.17%
WY	D	0.17%
BBY	D	0.17%
CTRA	B	0.17%
DLTR	F	0.17%
PTC	A	0.17%
KLAC	D	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	D	0.17%
HSY	F	0.17%
ULTA	F	0.17%
CTAS	B	0.17%
PANW	C	0.16%
INTC	D	0.16%
GD	F	0.16%
BA	F	0.16%
DGX	A	0.16%
LH	C	0.16%
TXT	D	0.16%
HON	B	0.16%
ADSK	A	0.16%
TECH	D	0.15%
AZO	C	0.15%
GPC	D	0.15%
A	D	0.15%
WAT	B	0.15%
SMCI	F	0.15%
MTD	D	0.14%
CRL	C	0.14%
CINF	A	0.14%
URI	B	0.14%
CB	C	0.14%
CAT	B	0.14%
AMD	F	0.14%
EG	C	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%
WFC	A	0.13%
GWW	B	0.13%
CTSH	B	0.13%
C	A	0.13%
DE	A	0.13%
WAB	B	0.13%
ACN	C	0.13%
ZBRA	B	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%
SYK	C	0.12%
ABNB	C	0.12%
MAR	B	0.12%
STE	F	0.12%
ISRG	A	0.12%
CDW	F	0.12%
BAC	A	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%
VTR	C	0.11%
DVA	B	0.11%
WELL	A	0.11%
EXR	D	0.11%
DOC	D	0.11%
BR	A	0.11%
BXP	D	0.11%
HST	C	0.11%
UBER	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%
INVH	D	0.1%
EQR	B	0.1%
FOX	A	0.1%
UDR	B	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%
BLK	C	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%
PPL	B	0.08%
EVRG	A	0.08%
CARR	D	0.08%
LNT	A	0.08%
AEE	A	0.08%
JCI	C	0.08%
PH	A	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
NSC	B	0.08%
CMI	A	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%
JBHT	C	0.08%
CSX	B	0.08%
CTVA	C	0.08%
LHX	C	0.08%
BEN	C	0.08%
TROW	B	0.08%
UPS	C	0.08%
LYB	F	0.07%
SW	A	0.07%
FANG	D	0.07%
OXY	D	0.07%
CZR	F	0.07%
COP	C	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%
DUK	C	0.07%
ES	D	0.07%
FDX	B	0.07%
PCG	A	0.07%
SRE	A	0.07%
CMS	C	0.07%
HWM	A	0.07%
FI	A	0.06%
KEY	B	0.06%
RF	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
EW	C	0.06%
ABT	B	0.06%
MDT	D	0.06%
PYPL	B	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%
VICI	C	0.06%
PKG	A	0.06%
O	D	0.06%
IRM	D	0.06%
TDG	D	0.06%
SHW	A	0.06%
AXP	A	0.05%
APD	A	0.05%
SOLV	C	0.05%
IFF	D	0.05%
ECL	D	0.05%
BAX	D	0.05%
WST	C	0.05%
BDX	F	0.05%
EMN	D	0.05%
ALB	C	0.05%
DD	D	0.05%
FIS	C	0.05%
JKHY	D	0.05%
HBAN	A	0.05%
TFC	A	0.05%
USB	A	0.05%
CFG	B	0.05%
FITB	A	0.05%
EFX	F	0.04%
WTW	B	0.04%
MCO	B	0.04%
AON	A	0.04%
CSGP	D	0.04%
GPN	B	0.04%
SPGI	C	0.04%
FDS	B	0.04%
V	A	0.04%
NDAQ	A	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
LIN	D	0.04%
FICO	B	0.03%
EMR	A	0.03%
NDSN	B	0.03%
FTV	C	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 40 Positions Relative to FLCC

Symbol	Grade	Weight
SPOT	B	-2.21%
NTNX	A	-1.68%
APP	B	-1.57%
IBKR	A	-1.23%
KRC	C	-1.03%
SN	D	-0.96%
WING	D	-0.93%
GAP	C	-0.84%
LNG	B	-0.84%
ALSN	B	-0.71%
ZM	B	-0.59%
PEGA	A	-0.57%
VRT	B	-0.54%
BAH	F	-0.52%
AAP	C	-0.5%
ELAN	D	-0.5%
MUSA	A	-0.47%
LII	A	-0.42%
CRUS	D	-0.39%
CRBG	B	-0.38%
PVH	C	-0.32%
ILMN	D	-0.3%
DXC	B	-0.27%
DASH	A	-0.26%
DDOG	A	-0.25%
VIRT	B	-0.25%
RBLX	C	-0.24%
AXTA	A	-0.23%
RYAN	B	-0.2%
CW	B	-0.18%
WU	D	-0.16%
R	B	-0.15%
ZI	D	-0.14%
MAN	D	-0.13%
HUBS	A	-0.1%
UTHR	C	-0.08%
BERY	B	-0.07%
ALNY	D	-0.05%
AA	B	-0.05%
LRCX	F	-0.05%