SHUS vs. FNDX ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

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

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$24.83

Average Daily Volume

1,186,729

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	FNDX
30 Days	2.26%	3.67%
60 Days	3.81%	4.58%
90 Days	5.24%	6.53%
12 Months	15.89%	29.67%

468 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in FNDX	Overlap
A	D	0.15%	0.05%	0.05%
AAPL	C	0.49%	4.35%	0.49%
ABBV	D	0.24%	0.49%	0.24%
ABT	B	0.06%	0.34%	0.06%
ACGL	D	0.14%	0.03%	0.03%
ACN	C	0.13%	0.36%	0.13%
ADBE	C	0.15%	0.2%	0.15%
ADI	D	0.22%	0.13%	0.13%
ADM	D	0.36%	0.21%	0.21%
ADP	B	0.21%	0.15%	0.15%
ADSK	A	0.16%	0.03%	0.03%
AEE	A	0.08%	0.07%	0.07%
AEP	D	0.24%	0.16%	0.16%
AES	F	0.31%	0.05%	0.05%
AFL	B	0.2%	0.21%	0.2%
AIG	B	0.19%	0.28%	0.19%
AIZ	A	0.2%	0.03%	0.03%
AJG	B	0.03%	0.05%	0.03%
AKAM	D	0.26%	0.03%	0.03%
ALB	C	0.05%	0.03%	0.03%
ALGN	D	0.1%	0.02%	0.02%
ALL	A	0.19%	0.27%	0.19%
ALLE	D	0.07%	0.01%	0.01%
AMAT	F	0.17%	0.24%	0.17%
AMCR	D	0.12%	0.03%	0.03%
AMD	F	0.14%	0.09%	0.09%
AME	A	0.12%	0.05%	0.05%
AMGN	D	0.23%	0.39%	0.23%
AMP	A	0.09%	0.15%	0.09%
AMT	D	0.06%	0.11%	0.06%
AMZN	C	0.21%	1.56%	0.21%
ANET	C	0.21%	0.04%	0.04%
ANSS	B	0.17%	0.02%	0.02%
AON	A	0.04%	0.13%	0.04%
AOS	F	0.21%	0.02%	0.02%
APA	D	0.07%	0.03%	0.03%
APD	A	0.05%	0.13%	0.05%
APH	A	0.18%	0.09%	0.09%
APTV	D	0.39%	0.02%	0.02%
ARE	D	0.1%	0.03%	0.03%
ATO	A	0.32%	0.04%	0.04%
AVB	B	0.1%	0.05%	0.05%
AVGO	D	0.22%	0.61%	0.22%
AVY	D	0.06%	0.04%	0.04%
AWK	D	0.32%	0.04%	0.04%
AXP	A	0.05%	0.36%	0.05%
AZO	C	0.15%	0.06%	0.06%
BA	F	0.16%	0.11%	0.11%
BAC	A	0.12%	1.3%	0.12%
BALL	D	0.12%	0.06%	0.06%
BAX	D	0.05%	0.07%	0.05%
BBWI	D	0.19%	0.03%	0.03%
BBY	D	0.17%	0.16%	0.16%
BDX	F	0.05%	0.11%	0.05%
BEN	C	0.08%	0.04%	0.04%
BG	F	0.36%	0.1%	0.1%
BIIB	F	0.24%	0.09%	0.09%
BK	A	0.11%	0.26%	0.11%
BKNG	A	0.13%	0.24%	0.13%
BKR	B	0.35%	0.16%	0.16%
BLDR	D	0.19%	0.06%	0.06%
BLK	C	0.09%	0.28%	0.09%
BMY	B	0.25%	0.45%	0.25%
BR	A	0.11%	0.03%	0.03%
BRK.A	B	0.49%	2.17%	0.49%
BRO	B	0.03%	0.02%	0.02%
BSX	B	0.06%	0.09%	0.06%
BWA	D	0.41%	0.05%	0.05%
BX	A	0.08%	0.13%	0.08%
BXP	D	0.11%	0.05%	0.05%
C	A	0.13%	1.1%	0.13%
CAG	D	0.21%	0.06%	0.06%
CAH	B	0.19%	0.07%	0.07%
CARR	D	0.08%	0.12%	0.08%
CAT	B	0.14%	0.41%	0.14%
CB	C	0.14%	0.26%	0.14%
CBOE	B	0.04%	0.01%	0.01%
CBRE	B	0.04%	0.13%	0.04%
CCI	D	0.06%	0.09%	0.06%
CCL	B	0.09%	0.06%	0.06%
CDNS	B	0.33%	0.03%	0.03%
CDW	F	0.12%	0.04%	0.04%
CE	F	0.07%	0.03%	0.03%
CEG	D	0.38%	0.1%	0.1%
CF	B	0.09%	0.07%	0.07%
CFG	B	0.05%	0.1%	0.05%
CHD	B	0.41%	0.04%	0.04%
CHRW	C	0.09%	0.08%	0.08%
CHTR	C	0.46%	0.35%	0.35%
CI	F	0.18%	0.48%	0.18%
CINF	A	0.14%	0.07%	0.07%
CL	D	0.4%	0.13%	0.13%
CLX	B	0.41%	0.04%	0.04%
CMCSA	B	0.51%	0.83%	0.51%
CME	A	0.04%	0.08%	0.04%
CMG	B	0.49%	0.04%	0.04%
CMI	A	0.08%	0.19%	0.08%
CMS	C	0.07%	0.06%	0.06%
CNC	D	0.25%	0.19%	0.19%
CNP	B	0.25%	0.06%	0.06%
COF	B	0.69%	0.48%	0.48%
COP	C	0.07%	0.48%	0.07%
COR	B	0.18%	0.02%	0.02%
COST	B	0.7%	0.66%	0.66%
CPAY	A	0.04%	0.06%	0.04%
CPB	D	0.2%	0.03%	0.03%
CPRT	A	0.22%	0.03%	0.03%
CPT	B	0.1%	0.02%	0.02%
CRL	C	0.14%	0.01%	0.01%
CRM	B	0.35%	0.15%	0.15%
CSCO	B	0.21%	0.82%	0.21%
CSX	B	0.08%	0.22%	0.08%
CTAS	B	0.17%	0.08%	0.08%
CTLT	B	0.24%	0.02%	0.02%
CTRA	B	0.17%	0.03%	0.03%
CTSH	B	0.13%	0.19%	0.13%
CTVA	C	0.08%	0.09%	0.08%
CVS	D	0.68%	0.68%	0.68%
CVX	A	0.75%	1.25%	0.75%
CZR	F	0.07%	0.02%	0.02%
D	C	0.24%	0.17%	0.17%
DAL	C	0.27%	0.03%	0.03%
DD	D	0.05%	0.17%	0.05%
DE	A	0.13%	0.23%	0.13%
DECK	A	0.29%	0.03%	0.03%
DELL	C	0.17%	0.03%	0.03%
DFS	B	0.68%	0.26%	0.26%
DG	F	0.17%	0.08%	0.08%
DGX	A	0.16%	0.07%	0.07%
DHI	D	0.23%	0.16%	0.16%
DHR	F	0.1%	0.15%	0.1%
DIS	B	0.2%	0.45%	0.2%
DLR	B	0.26%	0.08%	0.08%
DLTR	F	0.17%	0.05%	0.05%
DOC	D	0.11%	0.03%	0.03%
DOV	A	0.17%	0.06%	0.06%
DOW	F	0.07%	0.18%	0.07%
DPZ	C	0.52%	0.03%	0.03%
DRI	B	0.5%	0.05%	0.05%
DTE	C	0.24%	0.07%	0.07%
DUK	C	0.07%	0.3%	0.07%
DVA	B	0.11%	0.06%	0.06%
DVN	F	0.16%	0.09%	0.09%
EA	A	0.48%	0.09%	0.09%
EBAY	D	0.22%	0.17%	0.17%
ECL	D	0.05%	0.08%	0.05%
ED	D	0.24%	0.12%	0.12%
EFX	F	0.04%	0.03%	0.03%
EG	C	0.14%	0.02%	0.02%
EIX	B	0.24%	0.1%	0.1%
EL	F	0.49%	0.03%	0.03%
ELV	F	0.24%	0.36%	0.24%
EMN	D	0.05%	0.08%	0.05%
EMR	A	0.03%	0.17%	0.03%
EOG	A	0.07%	0.23%	0.07%
EPAM	C	0.13%	0.02%	0.02%
EQIX	A	0.26%	0.08%	0.08%
EQR	B	0.1%	0.05%	0.05%
EQT	B	0.18%	0.04%	0.04%
ES	D	0.07%	0.08%	0.07%
ESS	B	0.1%	0.03%	0.03%
ETN	A	0.26%	0.23%	0.23%
ETR	B	0.25%	0.12%	0.12%
EVRG	A	0.08%	0.07%	0.07%
EW	C	0.06%	0.04%	0.04%
EXC	C	0.29%	0.17%	0.17%
EXPD	D	0.09%	0.04%	0.04%
EXPE	B	0.12%	0.04%	0.04%
EXR	D	0.11%	0.03%	0.03%
F	C	0.24%	0.33%	0.24%
FANG	D	0.07%	0.05%	0.05%
FAST	B	0.12%	0.07%	0.07%
FCX	D	0.29%	0.14%	0.14%
FDX	B	0.07%	0.32%	0.07%
FE	C	0.24%	0.09%	0.09%
FFIV	B	0.2%	0.03%	0.03%
FI	A	0.06%	0.13%	0.06%
FIS	C	0.05%	0.12%	0.05%
FITB	A	0.05%	0.13%	0.05%
FMC	D	0.08%	0.03%	0.03%
FOXA	B	0.1%	0.1%	0.1%
FSLR	F	0.2%	0.01%	0.01%
FTNT	C	0.17%	0.03%	0.03%
FTV	C	0.03%	0.03%	0.03%
GD	F	0.16%	0.21%	0.16%
GDDY	A	0.26%	0.03%	0.03%
GE	D	0.17%	0.15%	0.15%
GEHC	F	0.1%	0.09%	0.09%
GEN	B	0.17%	0.04%	0.04%
GEV	B	0.18%	0.04%	0.04%
GILD	C	0.24%	0.37%	0.24%
GIS	D	0.21%	0.11%	0.11%
GL	B	0.19%	0.03%	0.03%
GLW	B	0.19%	0.14%	0.14%
GM	B	0.24%	0.79%	0.24%
GNRC	B	0.08%	0.02%	0.02%
GOOG	C	0.22%	1.14%	0.22%
GOOGL	C	0.22%	1.33%	0.22%
GPC	D	0.15%	0.05%	0.05%
GPN	B	0.04%	0.09%	0.04%
GRMN	B	0.32%	0.03%	0.03%
GS	A	0.25%	0.62%	0.25%
GWW	B	0.13%	0.08%	0.08%
HAL	C	0.33%	0.06%	0.06%
HAS	D	0.25%	0.03%	0.03%
HBAN	A	0.05%	0.08%	0.05%
HCA	F	0.33%	0.2%	0.2%
HD	A	0.25%	0.8%	0.25%
HES	B	0.07%	0.06%	0.06%
HIG	B	0.14%	0.14%	0.14%
HII	D	0.08%	0.03%	0.03%
HLT	A	0.12%	0.06%	0.06%
HOLX	D	0.1%	0.04%	0.04%
HON	B	0.16%	0.37%	0.16%
HPE	B	0.19%	0.21%	0.19%
HPQ	B	0.34%	0.21%	0.21%
HRL	D	0.36%	0.03%	0.03%
HSIC	B	0.2%	0.04%	0.04%
HST	C	0.11%	0.04%	0.04%
HSY	F	0.17%	0.04%	0.04%
HUBB	B	0.26%	0.03%	0.03%
HUM	C	0.26%	0.19%	0.19%
HWM	A	0.07%	0.07%	0.07%
IBM	C	0.33%	0.54%	0.33%
ICE	C	0.04%	0.11%	0.04%
IDXX	F	0.09%	0.02%	0.02%
IEX	B	0.2%	0.03%	0.03%
IFF	D	0.05%	0.05%	0.05%
INTC	D	0.16%	0.89%	0.16%
INTU	C	0.2%	0.11%	0.11%
INVH	D	0.1%	0.03%	0.03%
IP	B	0.06%	0.17%	0.06%
IPG	D	0.33%	0.04%	0.04%
IQV	D	0.13%	0.07%	0.07%
IR	B	0.2%	0.03%	0.03%
IRM	D	0.06%	0.06%	0.06%
ISRG	A	0.12%	0.09%	0.09%
IT	C	0.13%	0.03%	0.03%
ITW	B	0.17%	0.15%	0.15%
IVZ	B	0.09%	0.05%	0.05%
J	F	0.39%	0.05%	0.05%
JBHT	C	0.08%	0.05%	0.05%
JBL	B	0.37%	0.06%	0.06%
JCI	C	0.08%	0.16%	0.08%
JKHY	D	0.05%	0.02%	0.02%
JNJ	D	0.23%	0.89%	0.23%
JNPR	F	0.19%	0.05%	0.05%
JPM	A	0.12%	2.03%	0.12%
K	A	0.18%	0.07%	0.07%
KDP	D	0.24%	0.07%	0.07%
KEY	B	0.06%	0.1%	0.06%
KEYS	A	0.2%	0.04%	0.04%
KHC	F	0.21%	0.09%	0.09%
KIM	A	0.06%	0.03%	0.03%
KKR	A	0.09%	0.12%	0.09%
KLAC	D	0.17%	0.08%	0.08%
KMB	D	0.41%	0.1%	0.1%
KMI	A	0.25%	0.23%	0.23%
KMX	B	0.14%	0.06%	0.06%
KO	D	0.24%	0.35%	0.24%
KR	B	0.73%	0.3%	0.3%
KVUE	A	0.41%	0.05%	0.05%
L	A	0.49%	0.05%	0.05%
LDOS	C	0.13%	0.07%	0.07%
LEN	D	0.24%	0.16%	0.16%
LH	C	0.16%	0.09%	0.09%
LHX	C	0.08%	0.16%	0.08%
LIN	D	0.04%	0.33%	0.04%
LKQ	D	0.14%	0.05%	0.05%
LLY	F	0.23%	0.2%	0.2%
LMT	D	0.08%	0.37%	0.08%
LNT	A	0.08%	0.04%	0.04%
LOW	D	0.25%	0.43%	0.25%
LULU	C	0.3%	0.01%	0.01%
LUV	C	0.25%	0.02%	0.02%
LVS	C	0.08%	0.04%	0.04%
LW	C	0.22%	0.02%	0.02%
LYB	F	0.07%	0.14%	0.07%
MA	C	0.05%	0.29%	0.05%
MAA	B	0.1%	0.03%	0.03%
MAR	B	0.12%	0.09%	0.09%
MAS	D	0.19%	0.05%	0.05%
MCD	D	0.49%	0.34%	0.34%
MCHP	D	0.13%	0.05%	0.05%
MCK	B	0.18%	0.11%	0.11%
MCO	B	0.04%	0.07%	0.04%
MDLZ	F	0.18%	0.2%	0.18%
MDT	D	0.06%	0.16%	0.06%
MET	A	0.21%	0.26%	0.21%
META	D	0.46%	1.79%	0.46%
MGM	D	0.07%	0.06%	0.06%
MHK	D	0.18%	0.06%	0.06%
MKC	D	0.21%	0.03%	0.03%
MLM	B	0.17%	0.04%	0.04%
MMC	B	0.03%	0.14%	0.03%
MMM	D	0.17%	0.35%	0.17%
MNST	C	0.25%	0.05%	0.05%
MO	A	0.35%	0.37%	0.35%
MOH	F	0.25%	0.05%	0.05%
MOS	F	0.08%	0.06%	0.06%
MPC	D	0.48%	0.4%	0.4%
MRK	F	0.24%	0.42%	0.24%
MRNA	F	0.23%	0.03%	0.03%
MRO	B	0.07%	0.09%	0.07%
MS	A	0.26%	0.46%	0.26%
MSCI	C	0.04%	0.03%	0.03%
MSFT	F	0.32%	2.43%	0.32%
MSI	B	0.49%	0.07%	0.07%
MTB	A	0.06%	0.11%	0.06%
MTD	D	0.14%	0.03%	0.03%
MU	D	0.15%	0.38%	0.15%
NDAQ	A	0.04%	0.03%	0.03%
NDSN	B	0.03%	0.02%	0.02%
NEE	D	0.24%	0.24%	0.24%
NEM	D	0.24%	0.13%	0.13%
NFLX	A	0.22%	0.17%	0.17%
NI	A	0.32%	0.05%	0.05%
NKE	D	0.33%	0.19%	0.19%
NOC	D	0.08%	0.2%	0.08%
NOW	A	0.22%	0.01%	0.01%
NRG	B	0.32%	0.1%	0.1%
NSC	B	0.08%	0.21%	0.08%
NTAP	C	0.17%	0.07%	0.07%
NTRS	A	0.08%	0.08%	0.08%
NUE	C	0.25%	0.19%	0.19%
NVDA	C	0.13%	0.4%	0.13%
NVR	D	0.3%	0.08%	0.08%
NWSA	B	0.1%	0.04%	0.04%
NXPI	D	0.23%	0.05%	0.05%
O	D	0.06%	0.04%	0.04%
ODFL	B	0.08%	0.06%	0.06%
OKE	A	0.24%	0.14%	0.14%
OMC	C	0.33%	0.08%	0.08%
ON	D	0.22%	0.04%	0.04%
ORCL	B	0.34%	0.5%	0.34%
ORLY	B	0.14%	0.11%	0.11%
OTIS	C	0.08%	0.05%	0.05%
OXY	D	0.07%	0.11%	0.07%
PANW	C	0.16%	0.03%	0.03%
PARA	C	0.2%	0.11%	0.11%
PAYX	C	0.21%	0.06%	0.06%
PCAR	B	0.12%	0.15%	0.12%
PCG	A	0.07%	0.03%	0.03%
PEG	A	0.25%	0.11%	0.11%
PEP	F	0.17%	0.41%	0.17%
PFE	D	0.24%	0.68%	0.24%
PFG	D	0.2%	0.09%	0.09%
PG	A	0.41%	0.77%	0.41%
PGR	A	0.19%	0.23%	0.19%
PH	A	0.08%	0.13%	0.08%
PHM	D	0.25%	0.11%	0.11%
PKG	A	0.06%	0.07%	0.06%
PLD	D	0.06%	0.07%	0.06%
PM	B	0.35%	0.48%	0.35%
PNC	B	0.06%	0.3%	0.06%
PNR	A	0.19%	0.04%	0.04%
PNW	B	0.07%	0.04%	0.04%
POOL	C	0.13%	0.02%	0.02%
PPG	F	0.07%	0.08%	0.07%
PPL	B	0.08%	0.11%	0.08%
PRU	A	0.2%	0.22%	0.2%
PSA	D	0.1%	0.05%	0.05%
PSX	C	0.5%	0.36%	0.36%
PWR	A	0.4%	0.07%	0.07%
PYPL	B	0.06%	0.22%	0.06%
QCOM	F	0.22%	0.43%	0.22%
QRVO	F	0.21%	0.03%	0.03%
REG	B	0.06%	0.02%	0.02%
REGN	F	0.23%	0.1%	0.1%
RF	A	0.06%	0.09%	0.06%
RJF	A	0.25%	0.05%	0.05%
RL	B	0.32%	0.03%	0.03%
RMD	C	0.09%	0.03%	0.03%
ROK	B	0.03%	0.06%	0.03%
ROP	B	0.03%	0.05%	0.03%
ROST	C	0.71%	0.07%	0.07%
RSG	A	0.18%	0.06%	0.06%
RTX	C	0.08%	0.34%	0.08%
RVTY	F	0.1%	0.03%	0.03%
SBAC	D	0.06%	0.02%	0.02%
SBUX	A	0.48%	0.28%	0.28%
SCHW	B	0.25%	0.13%	0.13%
SHW	A	0.06%	0.08%	0.06%
SJM	D	0.21%	0.05%	0.05%
SLB	C	0.34%	0.12%	0.12%
SNA	A	0.25%	0.06%	0.06%
SNPS	B	0.34%	0.03%	0.03%
SO	D	0.08%	0.26%	0.08%
SOLV	C	0.05%	0.02%	0.02%
SPG	B	0.06%	0.1%	0.06%
SPGI	C	0.04%	0.15%	0.04%
SRE	A	0.07%	0.13%	0.07%
STE	F	0.12%	0.03%	0.03%
STLD	B	0.27%	0.11%	0.11%
STT	A	0.11%	0.1%	0.1%
STX	D	0.17%	0.09%	0.09%
STZ	D	0.25%	0.07%	0.07%
SW	A	0.07%	0.09%	0.07%
SWK	D	0.26%	0.07%	0.07%
SWKS	F	0.21%	0.04%	0.04%
SYF	B	0.68%	0.34%	0.34%
SYK	C	0.12%	0.13%	0.12%
SYY	B	0.73%	0.1%	0.1%
T	A	0.33%	1.27%	0.33%
TAP	C	0.25%	0.05%	0.05%
TDG	D	0.06%	0.06%	0.06%
TDY	B	0.03%	0.03%	0.03%
TER	D	0.16%	0.04%	0.04%
TFC	A	0.05%	0.23%	0.05%
TFX	F	0.05%	0.02%	0.02%
TGT	F	0.17%	0.38%	0.17%
TJX	A	0.71%	0.22%	0.22%
TMO	F	0.14%	0.25%	0.14%
TMUS	B	0.33%	0.25%	0.25%
TPR	B	0.32%	0.05%	0.05%
TRGP	B	0.24%	0.07%	0.07%
TRMB	B	0.03%	0.03%	0.03%
TROW	B	0.08%	0.13%	0.08%
TRV	B	0.14%	0.31%	0.14%
TSCO	D	0.12%	0.06%	0.06%
TSLA	B	0.27%	0.28%	0.27%
TSN	B	0.35%	0.2%	0.2%
TT	A	0.08%	0.06%	0.06%
TTWO	A	0.48%	0.03%	0.03%
TXN	C	0.22%	0.34%	0.22%
TXT	D	0.16%	0.06%	0.06%
UBER	D	0.11%	0.04%	0.04%
UDR	B	0.1%	0.02%	0.02%
UHS	D	0.32%	0.08%	0.08%
ULTA	F	0.17%	0.03%	0.03%
UNH	C	0.25%	1.22%	0.25%
UNP	C	0.08%	0.35%	0.08%
UPS	C	0.08%	0.28%	0.08%
URI	B	0.14%	0.13%	0.13%
USB	A	0.05%	0.32%	0.05%
V	A	0.04%	0.36%	0.04%
VICI	C	0.06%	0.02%	0.02%
VLO	C	0.49%	0.39%	0.39%
VMC	B	0.17%	0.05%	0.05%
VRSK	A	0.04%	0.04%	0.04%
VRSN	F	0.27%	0.01%	0.01%
VRTX	F	0.23%	0.07%	0.07%
VST	B	0.4%	0.16%	0.16%
VTR	C	0.11%	0.08%	0.08%
VTRS	A	0.24%	0.1%	0.1%
VZ	C	0.32%	1.13%	0.32%
WAB	B	0.13%	0.06%	0.06%
WAT	B	0.15%	0.04%	0.04%
WBA	F	0.63%	0.17%	0.17%
WBD	C	0.19%	0.08%	0.08%
WDC	D	0.17%	0.12%	0.12%
WEC	A	0.07%	0.08%	0.07%
WELL	A	0.11%	0.1%	0.1%
WFC	A	0.13%	1.35%	0.13%
WM	A	0.18%	0.15%	0.15%
WMB	A	0.24%	0.17%	0.17%
WMT	A	0.72%	1.47%	0.72%
WRB	A	0.13%	0.03%	0.03%
WST	C	0.05%	0.02%	0.02%
WTW	B	0.04%	0.07%	0.04%
WY	D	0.17%	0.09%	0.09%
XEL	A	0.07%	0.12%	0.07%
XOM	B	0.75%	1.99%	0.75%
XYL	D	0.19%	0.03%	0.03%
YUM	B	0.5%	0.08%	0.08%
ZBH	C	0.12%	0.05%	0.05%
ZBRA	B	0.13%	0.04%	0.04%
ZTS	D	0.25%	0.07%	0.07%

SHUS Overweight 32 Positions Relative to FNDX

Symbol	Grade	Weight
MTCH	D	0.46%
UAL	A	0.28%
INCY	C	0.25%
ENPH	F	0.25%
DAY	B	0.22%
PLTR	B	0.22%
PAYC	B	0.21%
TYL	B	0.21%
MPWR	F	0.21%
ERIE	D	0.2%
TEL	B	0.19%
CRWD	B	0.18%
ROL	B	0.18%
PTC	A	0.17%
TECH	D	0.15%
SMCI	F	0.15%
ABNB	C	0.12%
PODD	C	0.1%
NWS	B	0.1%
FOX	A	0.1%
AXON	A	0.09%
NCLH	B	0.09%
LYV	A	0.09%
DXCM	D	0.09%
WYNN	D	0.08%
RCL	A	0.08%
FRT	B	0.06%
CSGP	D	0.04%
FDS	B	0.04%
MKTX	D	0.04%
FICO	B	0.03%
VLTO	D	0.03%

SHUS Underweight 253 Positions Relative to FNDX

Symbol	Grade	Weight
LUMN	C	-0.65%
LRCX	F	-0.15%
ALLY	C	-0.1%
RS	B	-0.09%
ARW	D	-0.08%
USFD	A	-0.08%
WHR	B	-0.08%
WKC	D	-0.08%
JLL	D	-0.08%
OC	A	-0.07%
VFC	C	-0.07%
CMA	A	-0.07%
THC	D	-0.07%
R	B	-0.07%
X	C	-0.07%
LAD	A	-0.07%
AVT	C	-0.07%
OVV	B	-0.06%
TOL	B	-0.06%
M	D	-0.06%
JEF	A	-0.06%
UNM	A	-0.06%
AA	B	-0.06%
ZION	B	-0.06%
OMF	A	-0.06%
LNG	B	-0.06%
FLEX	A	-0.06%
PFGC	B	-0.06%
EME	C	-0.06%
FNF	B	-0.06%
KSS	F	-0.06%
ACM	A	-0.05%
VNO	B	-0.05%
AFG	A	-0.05%
INGR	B	-0.05%
ORI	A	-0.05%
MKL	A	-0.05%
CSL	C	-0.05%
AN	C	-0.05%
KD	B	-0.05%
DXC	B	-0.05%
ALSN	B	-0.05%
LEA	D	-0.05%
EQH	B	-0.05%
TDS	B	-0.05%
GPI	A	-0.05%
CASY	A	-0.05%
DINO	D	-0.05%
SFM	A	-0.05%
BFH	B	-0.05%
LNC	B	-0.05%
FBIN	D	-0.04%
LPX	B	-0.04%
BCC	B	-0.04%
GAP	C	-0.04%
SSNC	B	-0.04%
OSK	B	-0.04%
AMG	B	-0.04%
ZIM	C	-0.04%
UFPI	B	-0.04%
FYBR	D	-0.04%
RPM	A	-0.04%
CNO	A	-0.04%
DOX	D	-0.04%
CRBG	B	-0.04%
SLM	A	-0.04%
TMHC	B	-0.04%
CCK	C	-0.04%
DKS	C	-0.04%
GT	C	-0.04%
RGA	A	-0.04%
RHI	B	-0.04%
FAF	A	-0.04%
MUSA	A	-0.04%
BERY	B	-0.04%
LPLA	A	-0.04%
PVH	C	-0.04%
AYI	B	-0.04%
WCC	B	-0.04%
THO	B	-0.04%
KNX	B	-0.04%
WSM	B	-0.04%
EVR	B	-0.04%
OGN	D	-0.04%
JXN	C	-0.04%
MAN	D	-0.04%
MRVL	B	-0.04%
UGI	A	-0.04%
EXP	A	-0.03%
SEE	C	-0.03%
THG	A	-0.03%
LSTR	D	-0.03%
PRI	A	-0.03%
AR	B	-0.03%
SCI	B	-0.03%
ACI	C	-0.03%
GNTX	C	-0.03%
AAP	C	-0.03%
TRU	D	-0.03%
BTU	B	-0.03%
SQ	B	-0.03%
ITT	A	-0.03%
KBH	D	-0.03%
BURL	A	-0.03%
ILMN	D	-0.03%
CW	B	-0.03%
TPH	D	-0.03%
LII	A	-0.03%
G	B	-0.03%
FLR	B	-0.03%
SNX	C	-0.03%
BC	C	-0.03%
APO	B	-0.03%
ABG	B	-0.03%
SNV	B	-0.03%
SEIC	B	-0.03%
VOYA	B	-0.03%
ARMK	B	-0.03%
CAR	C	-0.03%
OGE	B	-0.03%
GPK	C	-0.03%
FL	F	-0.03%
RRX	B	-0.03%
AGCO	D	-0.03%
CACI	D	-0.03%
MTH	D	-0.03%
JHG	A	-0.03%
CLF	F	-0.03%
EWBC	A	-0.03%
WU	D	-0.03%
CIEN	B	-0.03%
GNW	A	-0.03%
NXST	C	-0.03%
CG	A	-0.03%
HUN	F	-0.03%
FHN	A	-0.03%
CMC	B	-0.03%
OLN	D	-0.03%
BAH	F	-0.03%
WSO	A	-0.03%
PBF	D	-0.03%
MTZ	B	-0.03%
SANM	B	-0.03%
NWL	B	-0.03%
HBI	B	-0.03%
MLI	C	-0.03%
WLK	D	-0.02%
MDU	D	-0.02%
MTN	C	-0.02%
ODP	F	-0.02%
COHR	B	-0.02%
ALV	C	-0.02%
ALK	C	-0.02%
ADNT	F	-0.02%
FLO	D	-0.02%
MPW	F	-0.02%
MATX	C	-0.02%
LEG	F	-0.02%
BPOP	B	-0.02%
CHKP	D	-0.02%
ARCH	B	-0.02%
TKR	D	-0.02%
MIDD	C	-0.02%
AER	B	-0.02%
NSIT	F	-0.02%
KBR	F	-0.02%
POR	C	-0.02%
MKSI	C	-0.02%
VAC	B	-0.02%
TTC	D	-0.02%
UHAL	D	-0.02%
XRX	F	-0.02%
WPC	D	-0.02%
ASO	F	-0.02%
GLPI	C	-0.02%
WERN	C	-0.02%
OI	C	-0.02%
POST	C	-0.02%
NFG	A	-0.02%
ASGN	F	-0.02%
NAVI	C	-0.02%
SM	B	-0.02%
CCEP	C	-0.02%
LECO	B	-0.02%
ST	F	-0.02%
AL	B	-0.02%
MUR	D	-0.02%
TPX	B	-0.02%
PII	D	-0.02%
STWD	C	-0.02%
PAG	B	-0.02%
HUBG	A	-0.02%
SLG	B	-0.02%
GGG	B	-0.02%
GXO	B	-0.02%
PENN	C	-0.02%
HOG	D	-0.02%
NOV	C	-0.02%
DCI	B	-0.02%
FCNCA	A	-0.02%
NVT	B	-0.02%
AVTR	F	-0.02%
BECN	B	-0.02%
SKX	D	-0.02%
CC	C	-0.02%
CNH	C	-0.02%
SUI	D	-0.02%
LAMR	D	-0.02%
PK	B	-0.02%
BRX	A	-0.02%
MTG	C	-0.02%
ABM	B	-0.02%
DAR	C	-0.02%
ATR	B	-0.02%
BJ	A	-0.02%
EHC	B	-0.02%
RUSHA	C	-0.02%
SAIC	F	-0.02%
REZI	A	-0.02%
TGNA	B	-0.02%
BAP	B	-0.02%
SON	D	-0.02%
AXTA	A	-0.02%
VSH	D	-0.01%
ANDE	D	-0.01%
LILAK	D	-0.01%
CNXC	F	-0.01%
DBX	B	-0.01%
ICLR	D	-0.01%
WTRG	B	-0.01%
MSM	C	-0.01%
SPTN	D	-0.01%
CHE	D	-0.01%
MMS	F	-0.01%
AEO	F	-0.01%
CYH	F	-0.01%
JAZZ	B	-0.01%
BLD	D	-0.01%
TNL	A	-0.01%
PRGO	B	-0.01%
QRTEA	F	-0.01%
AAL	B	-0.01%
FTI	A	-0.01%
JWN	C	-0.01%
HRB	D	-0.01%
XRAY	F	-0.01%
DK	C	-0.01%
HTZ	C	-0.01%
DAN	D	-0.01%
UNFI	A	-0.01%
CRI	D	-0.01%
CNX	A	-0.01%
CPRI	F	-0.01%