SHUS vs. KOKU ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Xtrackers MSCI Kokusai Equity ETF (KOKU)

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

KOKU

Xtrackers MSCI Kokusai Equity ETF

KOKU Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Kokusai Index. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of issuers from developed markets (excluding Japan). The index is designed to track the performance of equity markets in developed markets (excluding Japan). It is non-diversified.

Grade (RS Rating)

Last Trade

$102.79

Average Daily Volume

367

Number of Holdings ^*

615

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	KOKU
30 Days	2.26%	2.13%
60 Days	3.81%	2.96%
90 Days	5.24%	3.69%
12 Months	15.89%	26.36%

485 Overlapping Holdings

	Symbol	Grade	Weight in SHUS	Weight in KOKU	Overlap
	A	D	0.15%	0.06%	0.06%
	AAPL	C	0.49%	4.94%	0.49%
	ABBV	D	0.24%	0.13%	0.13%
	ABBV	D	0.24%	0.44%	0.24%
	ABNB	C	0.12%	0.09%	0.09%
	ABT	B	0.06%	0.3%	0.06%
	ACGL	D	0.14%	0.06%	0.06%
	ACN	C	0.13%	0.33%	0.13%
	ADBE	C	0.15%	0.34%	0.15%
	ADI	D	0.22%	0.15%	0.15%
	ADM	D	0.36%	0.04%	0.04%
	ADP	B	0.21%	0.19%	0.19%
	ADSK	A	0.16%	0.1%	0.1%
	AEE	A	0.08%	0.04%	0.04%
	AEP	D	0.24%	0.08%	0.08%
	AES	F	0.31%	0.01%	0.01%
	AFL	B	0.2%	0.09%	0.09%
	AIG	B	0.19%	0.08%	0.08%
	AIZ	A	0.2%	0.02%	0.02%
	AJG	B	0.03%	0.09%	0.03%
	AKAM	D	0.26%	0.02%	0.02%
	ALB	C	0.05%	0.02%	0.02%
	ALGN	D	0.1%	0.02%	0.02%
	ALL	A	0.19%	0.08%	0.08%
	ALLE	D	0.07%	0.02%	0.02%
	AMAT	F	0.17%	0.21%	0.17%
	AMCR	D	0.12%	0.02%	0.02%
	AMD	F	0.14%	0.33%	0.14%
	AME	A	0.12%	0.07%	0.07%
	AMGN	D	0.23%	0.23%	0.23%
	AMP	A	0.09%	0.09%	0.09%
	AMT	D	0.06%	0.14%	0.06%
	AMZN	C	0.21%	2.86%	0.21%
	ANET	C	0.21%	0.15%	0.15%
	ANSS	B	0.17%	0.04%	0.04%
	AON	A	0.04%	0.11%	0.04%
	AOS	F	0.21%	0.01%	0.01%
	APA	D	0.07%	0.01%	0.01%
	APD	A	0.05%	0.11%	0.05%
	APH	A	0.18%	0.13%	0.13%
	APTV	D	0.39%	0.02%	0.02%
	ARE	D	0.1%	0.02%	0.02%
	ATO	A	0.32%	0.03%	0.03%
	AVB	B	0.1%	0.05%	0.05%
	AVGO	D	0.22%	1.1%	0.22%
	AVY	D	0.06%	0.02%	0.02%
	AWK	D	0.32%	0.04%	0.04%
	AXON	A	0.09%	0.06%	0.06%
	AXP	A	0.05%	0.25%	0.05%
	AZO	C	0.15%	0.08%	0.08%
	BA	F	0.16%	0.15%	0.15%
	BAC	A	0.12%	0.5%	0.12%
	BALL	D	0.12%	0.03%	0.03%
	BAX	D	0.05%	0.02%	0.02%
	BBWI	D	0.19%	0.01%	0.01%
	BBY	D	0.17%	0.03%	0.03%
	BDX	F	0.05%	0.1%	0.05%
	BEN	C	0.08%	0.01%	0.01%
	BG	F	0.36%	0.02%	0.02%
	BIIB	F	0.24%	0.03%	0.03%
	BK	A	0.11%	0.09%	0.09%
	BKNG	A	0.13%	0.25%	0.13%
	BKR	B	0.35%	0.07%	0.07%
	BLDR	D	0.19%	0.03%	0.03%
	BLK	C	0.09%	0.23%	0.09%
	BMY	B	0.25%	0.18%	0.18%
	BR	A	0.11%	0.04%	0.04%
	BRK.A	B	0.49%	0.94%	0.49%
	BRO	B	0.03%	0.04%	0.03%
	BSX	B	0.06%	0.19%	0.06%
	BX	A	0.08%	0.19%	0.08%
	BXP	D	0.11%	0.02%	0.02%
	C	A	0.13%	0.2%	0.13%
	CAG	D	0.21%	0.02%	0.02%
	CAH	B	0.19%	0.04%	0.04%
	CARR	D	0.08%	0.09%	0.08%
	CAT	B	0.14%	0.28%	0.14%
	CB	C	0.14%	0.17%	0.14%
	CBOE	B	0.04%	0.03%	0.03%
	CBRE	B	0.04%	0.06%	0.04%
	CCI	D	0.06%	0.07%	0.06%
	CCL	B	0.09%	0.04%	0.04%
	CDNS	B	0.33%	0.12%	0.12%
	CDW	F	0.12%	0.03%	0.03%
	CE	F	0.07%	0.01%	0.01%
	CEG	D	0.38%	0.11%	0.11%
	CF	B	0.09%	0.03%	0.03%
	CFG	B	0.05%	0.03%	0.03%
	CHD	B	0.41%	0.04%	0.04%
	CHRW	C	0.09%	0.02%	0.02%
	CHTR	C	0.46%	0.06%	0.06%
	CI	F	0.18%	0.13%	0.13%
	CINF	A	0.14%	0.03%	0.03%
	CL	D	0.4%	0.11%	0.11%
	CLX	B	0.41%	0.03%	0.03%
	CMCSA	B	0.51%	0.26%	0.26%
	CME	A	0.04%	0.12%	0.04%
	CMG	B	0.49%	0.13%	0.13%
	CMI	A	0.08%	0.07%	0.07%
	CMS	C	0.07%	0.03%	0.03%
	CNC	D	0.25%	0.05%	0.05%
	CNP	B	0.25%	0.03%	0.03%
	COF	B	0.69%	0.11%	0.11%
	COP	C	0.07%	0.2%	0.07%
	COR	B	0.18%	0.06%	0.06%
	COST	B	0.7%	0.6%	0.6%
	CPAY	A	0.04%	0.04%	0.04%
	CPB	D	0.2%	0.01%	0.01%
	CPRT	A	0.22%	0.07%	0.07%
	CPT	B	0.1%	0.02%	0.02%
	CRL	C	0.14%	0.01%	0.01%
	CRM	B	0.35%	0.47%	0.35%
	CRWD	B	0.18%	0.11%	0.11%
	CSCO	B	0.21%	0.35%	0.21%
	CSGP	D	0.04%	0.04%	0.04%
	CSX	B	0.08%	0.1%	0.08%
	CTAS	B	0.17%	0.12%	0.12%
	CTLT	B	0.24%	0.01%	0.01%
	CTRA	B	0.17%	0.03%	0.03%
	CTSH	B	0.13%	0.06%	0.06%
	CTVA	C	0.08%	0.06%	0.06%
	CVS	D	0.68%	0.1%	0.1%
	CVX	A	0.75%	0.42%	0.42%
	D	C	0.24%	0.07%	0.07%
	DAL	C	0.27%	0.01%	0.01%
	DAY	B	0.22%	0.02%	0.02%
	DD	D	0.05%	0.05%	0.05%
	DE	A	0.13%	0.16%	0.13%
	DECK	A	0.29%	0.05%	0.05%
	DELL	C	0.17%	0.06%	0.06%
	DFS	B	0.68%	0.07%	0.07%
	DG	F	0.17%	0.03%	0.03%
	DGX	A	0.16%	0.03%	0.03%
	DHI	D	0.23%	0.07%	0.07%
	DHR	F	0.1%	0.24%	0.1%
	DIS	B	0.2%	0.31%	0.2%
	DLR	B	0.26%	0.08%	0.08%
	DLTR	F	0.17%	0.02%	0.02%
	DOC	D	0.11%	0.02%	0.02%
	DOV	A	0.17%	0.04%	0.04%
	DOW	F	0.07%	0.05%	0.05%
	DPZ	C	0.52%	0.02%	0.02%
	DRI	B	0.5%	0.03%	0.03%
	DTE	C	0.24%	0.04%	0.04%
	DUK	C	0.07%	0.13%	0.07%
	DVA	B	0.11%	0.02%	0.02%
	DVN	F	0.16%	0.04%	0.04%
	DXCM	D	0.09%	0.04%	0.04%
	EA	A	0.48%	0.06%	0.06%
	EBAY	D	0.22%	0.05%	0.05%
	ECL	D	0.05%	0.09%	0.05%
	ED	D	0.24%	0.05%	0.05%
	EFX	F	0.04%	0.04%	0.04%
	EG	C	0.14%	0.02%	0.02%
	EIX	B	0.24%	0.05%	0.05%
	EL	F	0.49%	0.02%	0.02%
	ELV	F	0.24%	0.14%	0.14%
	EMN	D	0.05%	0.02%	0.02%
	EMR	A	0.03%	0.11%	0.03%
	ENPH	F	0.25%	0.01%	0.01%
	EOG	A	0.07%	0.12%	0.07%
	EPAM	C	0.13%	0.02%	0.02%
	EQIX	A	0.26%	0.13%	0.13%
	EQR	B	0.1%	0.04%	0.04%
	EQT	B	0.18%	0.04%	0.04%
	ERIE	D	0.2%	0.02%	0.02%
	ES	D	0.07%	0.04%	0.04%
	ESS	B	0.1%	0.03%	0.03%
	ETN	A	0.26%	0.21%	0.21%
	ETR	B	0.25%	0.05%	0.05%
	EVRG	A	0.08%	0.02%	0.02%
	EW	C	0.06%	0.06%	0.06%
	EXC	C	0.29%	0.06%	0.06%
	EXPD	D	0.09%	0.03%	0.03%
	EXPE	B	0.12%	0.04%	0.04%
	EXR	D	0.11%	0.05%	0.05%
	F	C	0.24%	0.06%	0.06%
	FANG	D	0.07%	0.05%	0.05%
	FAST	B	0.12%	0.07%	0.07%
	FCX	D	0.29%	0.09%	0.09%
	FDS	B	0.04%	0.03%	0.03%
	FDX	B	0.07%	0.1%	0.07%
	FE	C	0.24%	0.04%	0.04%
	FFIV	B	0.2%	0.02%	0.02%
	FI	A	0.06%	0.19%	0.06%
	FICO	B	0.03%	0.09%	0.03%
	FIS	C	0.05%	0.07%	0.05%
	FITB	A	0.05%	0.05%	0.05%
	FOX	A	0.1%	0.01%	0.01%
	FOXA	B	0.1%	0.02%	0.02%
	FSLR	F	0.2%	0.03%	0.03%
	FTNT	C	0.17%	0.09%	0.09%
	FTV	C	0.03%	0.04%	0.03%
	GD	F	0.16%	0.1%	0.1%
	GDDY	A	0.26%	0.04%	0.04%
	GE	D	0.17%	0.29%	0.17%
	GEHC	F	0.1%	0.05%	0.05%
	GEN	B	0.17%	0.02%	0.02%
	GEV	B	0.18%	0.13%	0.13%
	GILD	C	0.24%	0.16%	0.16%
	GIS	D	0.21%	0.05%	0.05%
	GLW	B	0.19%	0.06%	0.06%
	GM	B	0.24%	0.1%	0.1%
	GOOG	C	0.22%	1.33%	0.22%
	GOOGL	C	0.22%	1.52%	0.22%
	GPC	D	0.15%	0.03%	0.03%
	GPN	B	0.04%	0.04%	0.04%
	GRMN	B	0.32%	0.05%	0.05%
	GS	A	0.25%	0.29%	0.25%
	GWW	B	0.13%	0.08%	0.08%
	HAL	C	0.33%	0.04%	0.04%
	HBAN	A	0.05%	0.04%	0.04%
	HCA	F	0.33%	0.1%	0.1%
	HD	A	0.25%	0.61%	0.25%
	HES	B	0.07%	0.06%	0.06%
	HIG	B	0.14%	0.06%	0.06%
	HII	D	0.08%	0.01%	0.01%
	HLT	A	0.12%	0.1%	0.1%
	HOLX	D	0.1%	0.03%	0.03%
	HON	B	0.16%	0.23%	0.16%
	HPE	B	0.19%	0.04%	0.04%
	HPQ	B	0.34%	0.05%	0.05%
	HRL	D	0.36%	0.01%	0.01%
	HSIC	B	0.2%	0.01%	0.01%
	HST	C	0.11%	0.02%	0.02%
	HSY	F	0.17%	0.04%	0.04%
	HUBB	B	0.26%	0.03%	0.03%
	HUM	C	0.26%	0.05%	0.05%
	HWM	A	0.07%	0.07%	0.07%
	IBM	C	0.33%	0.29%	0.29%
	ICE	C	0.04%	0.13%	0.04%
	IDXX	F	0.09%	0.05%	0.05%
	IEX	B	0.2%	0.03%	0.03%
	IFF	D	0.05%	0.03%	0.03%
	INCY	C	0.25%	0.02%	0.02%
	INTC	D	0.16%	0.15%	0.15%
	INTU	C	0.2%	0.29%	0.2%
	INVH	D	0.1%	0.03%	0.03%
	IP	B	0.06%	0.03%	0.03%
	IPG	D	0.33%	0.02%	0.02%
	IQV	D	0.13%	0.05%	0.05%
	IR	B	0.2%	0.06%	0.06%
	IRM	D	0.06%	0.05%	0.05%
	ISRG	A	0.12%	0.28%	0.12%
	IT	C	0.13%	0.06%	0.06%
	ITW	B	0.17%	0.12%	0.12%
	J	F	0.39%	0.03%	0.03%
	JBHT	C	0.08%	0.02%	0.02%
	JBL	B	0.37%	0.02%	0.02%
	JCI	C	0.08%	0.09%	0.08%
	JKHY	D	0.05%	0.02%	0.02%
	JNJ	D	0.23%	0.56%	0.23%
	JNPR	F	0.19%	0.01%	0.01%
	JPM	A	0.12%	1.06%	0.12%
	K	A	0.18%	0.03%	0.03%
	KDP	D	0.24%	0.05%	0.05%
	KEY	B	0.06%	0.03%	0.03%
	KEYS	A	0.2%	0.04%	0.04%
	KHC	F	0.21%	0.04%	0.04%
	KIM	A	0.06%	0.02%	0.02%
	KKR	A	0.09%	0.14%	0.09%
	KLAC	D	0.17%	0.13%	0.13%
	KMB	D	0.41%	0.07%	0.07%
	KMI	A	0.25%	0.08%	0.08%
	KMX	B	0.14%	0.02%	0.02%
	KO	D	0.24%	0.38%	0.24%
	KR	B	0.73%	0.06%	0.06%
	KVUE	A	0.41%	0.07%	0.07%
	L	A	0.49%	0.02%	0.02%
	LDOS	C	0.13%	0.03%	0.03%
	LEN	D	0.24%	0.06%	0.06%
	LH	C	0.16%	0.03%	0.03%
	LHX	C	0.08%	0.07%	0.07%
	LIN	D	0.04%	0.33%	0.04%
	LKQ	D	0.14%	0.01%	0.01%
	LLY	F	0.23%	0.91%	0.23%
	LMT	D	0.08%	0.17%	0.08%
	LNT	A	0.08%	0.02%	0.02%
	LOW	D	0.25%	0.23%	0.23%
	LULU	C	0.3%	0.05%	0.05%
	LUV	C	0.25%	0.01%	0.01%
	LVS	C	0.08%	0.03%	0.03%
	LW	C	0.22%	0.02%	0.02%
	LYB	F	0.07%	0.03%	0.03%
	LYV	A	0.09%	0.03%	0.03%
	MA	C	0.05%	0.65%	0.05%
	MAA	B	0.1%	0.03%	0.03%
	MAR	B	0.12%	0.11%	0.11%
	MAS	D	0.19%	0.03%	0.03%
	MCD	D	0.49%	0.32%	0.32%
	MCHP	D	0.13%	0.05%	0.05%
	MCK	B	0.18%	0.12%	0.12%
	MCO	B	0.04%	0.12%	0.04%
	MDLZ	F	0.18%	0.13%	0.13%
	MDT	D	0.06%	0.18%	0.06%
	MET	A	0.21%	0.08%	0.08%
	META	D	0.46%	1.82%	0.46%
	MGM	D	0.07%	0.02%	0.02%
	MKC	D	0.21%	0.03%	0.03%
	MKTX	D	0.04%	0.01%	0.01%
	MLM	B	0.17%	0.06%	0.06%
	MMC	B	0.03%	0.16%	0.03%
	MMM	D	0.17%	0.11%	0.11%
	MNST	C	0.25%	0.06%	0.06%
	MO	A	0.35%	0.15%	0.15%
	MOH	F	0.25%	0.03%	0.03%
	MOS	F	0.08%	0.01%	0.01%
	MPC	D	0.48%	0.09%	0.09%
	MPWR	F	0.21%	0.05%	0.05%
	MRK	F	0.24%	0.37%	0.24%
	MRNA	F	0.23%	0.02%	0.02%
	MRO	B	0.07%	0.03%	0.03%
	MS	A	0.26%	0.25%	0.25%
	MSCI	C	0.04%	0.07%	0.04%
	MSFT	F	0.32%	4.41%	0.32%
	MSI	B	0.49%	0.12%	0.12%
	MTB	A	0.06%	0.05%	0.05%
	MTCH	D	0.46%	0.01%	0.01%
	MTD	D	0.14%	0.04%	0.04%
	MU	D	0.15%	0.16%	0.15%
	NDAQ	A	0.04%	0.05%	0.04%
	NDSN	B	0.03%	0.02%	0.02%
	NEE	D	0.24%	0.23%	0.23%
	NEM	D	0.24%	0.07%	0.07%
	NFLX	A	0.22%	0.54%	0.22%
	NI	A	0.32%	0.02%	0.02%
	NKE	D	0.33%	0.14%	0.14%
	NOC	D	0.08%	0.11%	0.08%
	NOW	A	0.22%	0.31%	0.22%
	NRG	B	0.32%	0.03%	0.03%
	NSC	B	0.08%	0.09%	0.08%
	NTAP	C	0.17%	0.04%	0.04%
	NTRS	A	0.08%	0.03%	0.03%
	NUE	C	0.25%	0.06%	0.06%
	NVDA	C	0.13%	5.27%	0.13%
	NVR	D	0.3%	0.05%	0.05%
	NWSA	B	0.1%	0.02%	0.02%
	NXPI	D	0.23%	0.08%	0.08%
	O	D	0.06%	0.07%	0.06%
	ODFL	B	0.08%	0.06%	0.06%
	OKE	A	0.24%	0.1%	0.1%
	OMC	C	0.33%	0.03%	0.03%
	ON	D	0.22%	0.04%	0.04%
	ORCL	B	0.34%	0.46%	0.34%
	ORLY	B	0.14%	0.11%	0.11%
	OTIS	C	0.08%	0.06%	0.06%
	OXY	D	0.07%	0.05%	0.05%
	PANW	C	0.16%	0.19%	0.16%
	PARA	C	0.2%	0.01%	0.01%
	PAYC	B	0.21%	0.02%	0.02%
	PAYX	C	0.21%	0.07%	0.07%
	PCAR	B	0.12%	0.09%	0.09%
	PCG	A	0.07%	0.06%	0.06%
	PEG	A	0.25%	0.07%	0.07%
	PEP	F	0.17%	0.33%	0.17%
	PFE	D	0.24%	0.21%	0.21%
	PFG	D	0.2%	0.03%	0.03%
	PG	A	0.41%	0.6%	0.41%
	PGR	A	0.19%	0.22%	0.19%
	PH	A	0.08%	0.14%	0.08%
	PHM	D	0.25%	0.04%	0.04%
	PKG	A	0.06%	0.03%	0.03%
	PLD	D	0.06%	0.16%	0.06%
	PLTR	B	0.22%	0.2%	0.2%
	PM	B	0.35%	0.3%	0.3%
	PNC	B	0.06%	0.13%	0.06%
	PNR	A	0.19%	0.03%	0.03%
	PODD	C	0.1%	0.03%	0.03%
	POOL	C	0.13%	0.02%	0.02%
	PPG	F	0.07%	0.04%	0.04%
	PPL	B	0.08%	0.04%	0.04%
	PRU	A	0.2%	0.07%	0.07%
	PSA	D	0.1%	0.08%	0.08%
	PSX	C	0.5%	0.08%	0.08%
	PTC	A	0.17%	0.04%	0.04%
	PWR	A	0.4%	0.07%	0.07%
	PYPL	B	0.06%	0.13%	0.06%
	QCOM	F	0.22%	0.27%	0.22%
	QRVO	F	0.21%	0.01%	0.01%
	RCL	A	0.08%	0.09%	0.08%
	REG	B	0.06%	0.02%	0.02%
	REGN	F	0.23%	0.13%	0.13%
	RF	A	0.06%	0.04%	0.04%
	RJF	A	0.25%	0.05%	0.05%
	RMD	C	0.09%	0.05%	0.05%
	ROK	B	0.03%	0.05%	0.03%
	ROL	B	0.18%	0.02%	0.02%
	ROP	B	0.03%	0.09%	0.03%
	ROST	C	0.71%	0.07%	0.07%
	RSG	A	0.18%	0.07%	0.07%
	RTX	C	0.08%	0.24%	0.08%
	RVTY	F	0.1%	0.02%	0.02%
	SBAC	D	0.06%	0.04%	0.04%
	SBUX	A	0.48%	0.17%	0.17%
	SCHW	B	0.25%	0.19%	0.19%
	SHW	A	0.06%	0.14%	0.06%
	SJM	D	0.21%	0.02%	0.02%
	SLB	C	0.34%	0.09%	0.09%
	SMCI	F	0.15%	0.01%	0.01%
	SNA	A	0.25%	0.03%	0.03%
	SNPS	B	0.34%	0.12%	0.12%
	SO	D	0.08%	0.14%	0.08%
	SOLV	C	0.05%	0.01%	0.01%
	SPG	B	0.06%	0.09%	0.06%
	SPGI	C	0.04%	0.24%	0.04%
	SRE	A	0.07%	0.09%	0.07%
	STE	F	0.12%	0.03%	0.03%
	STLD	B	0.27%	0.03%	0.03%
	STT	A	0.11%	0.04%	0.04%
	STX	D	0.17%	0.03%	0.03%
	STZ	D	0.25%	0.06%	0.06%
	SW	A	0.07%	0.04%	0.04%
	SWK	D	0.26%	0.02%	0.02%
	SWKS	F	0.21%	0.02%	0.02%
	SYF	B	0.68%	0.04%	0.04%
	SYK	C	0.12%	0.2%	0.12%
	SYY	B	0.73%	0.06%	0.06%
	T	A	0.33%	0.24%	0.24%
	TAP	C	0.25%	0.02%	0.02%
	TDG	D	0.06%	0.11%	0.06%
	TDY	B	0.03%	0.03%	0.03%
	TECH	D	0.15%	0.02%	0.02%
	TER	D	0.16%	0.02%	0.02%
	TFC	A	0.05%	0.09%	0.05%
	TFX	F	0.05%	0.01%	0.01%
	TGT	F	0.17%	0.11%	0.11%
	TJX	A	0.71%	0.21%	0.21%
	TMO	F	0.14%	0.29%	0.14%
	TMUS	B	0.33%	0.19%	0.19%
	TRGP	B	0.24%	0.06%	0.06%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.08%	0.04%	0.04%
	TRV	B	0.14%	0.09%	0.09%
	TSCO	D	0.12%	0.04%	0.04%
	TSLA	B	0.27%	1.39%	0.27%
	TSN	B	0.35%	0.03%	0.03%
	TT	A	0.08%	0.14%	0.08%
	TTWO	A	0.48%	0.05%	0.05%
	TXN	C	0.22%	0.27%	0.22%
	TXT	D	0.16%	0.03%	0.03%
	TYL	B	0.21%	0.04%	0.04%
	UBER	D	0.11%	0.2%	0.11%
	UDR	B	0.1%	0.02%	0.02%
	UHS	D	0.32%	0.02%	0.02%
	ULTA	F	0.17%	0.03%	0.03%
	UNH	C	0.25%	0.82%	0.25%
	UNP	C	0.08%	0.22%	0.08%
	UPS	C	0.08%	0.14%	0.08%
	URI	B	0.14%	0.09%	0.09%
	USB	A	0.05%	0.12%	0.05%
	V	A	0.04%	0.73%	0.04%
	VICI	C	0.06%	0.05%	0.05%
	VLO	C	0.49%	0.07%	0.07%
	VLTO	D	0.03%	0.03%	0.03%
	VMC	B	0.17%	0.06%	0.06%
	VRSK	A	0.04%	0.06%	0.04%
	VRSN	F	0.27%	0.03%	0.03%
	VRTX	F	0.23%	0.18%	0.18%
	VST	B	0.4%	0.08%	0.08%
	VTR	C	0.11%	0.04%	0.04%
	VTRS	A	0.24%	0.02%	0.02%
	VZ	C	0.32%	0.26%	0.26%
	WAB	B	0.13%	0.05%	0.05%
	WAT	B	0.15%	0.03%	0.03%
	WBA	F	0.63%	0.01%	0.01%
	WBD	C	0.19%	0.03%	0.03%
	WDC	D	0.17%	0.03%	0.03%
	WEC	A	0.07%	0.05%	0.05%
	WELL	A	0.11%	0.13%	0.11%
	WFC	A	0.13%	0.39%	0.13%
	WM	A	0.18%	0.13%	0.13%
	WMB	A	0.24%	0.11%	0.11%
	WMT	A	0.72%	0.56%	0.56%
	WRB	A	0.13%	0.03%	0.03%
	WST	C	0.05%	0.03%	0.03%
	WTW	B	0.04%	0.05%	0.04%
	WY	D	0.17%	0.03%	0.03%
	WYNN	D	0.08%	0.01%	0.01%
	XEL	A	0.07%	0.06%	0.06%
	XOM	B	0.75%	0.8%	0.75%
	XYL	D	0.19%	0.04%	0.04%
	YUM	B	0.5%	0.06%	0.06%
	ZBH	C	0.12%	0.03%	0.03%
	ZBRA	B	0.13%	0.03%	0.03%
	ZTS	D	0.25%	0.12%	0.12%

SHUS Overweight 16 Positions Relative to KOKU

	Symbol	Grade	Weight
	BWA	D	0.41%
	RL	B	0.32%
	TPR	B	0.32%
	UAL	A	0.28%
	HAS	D	0.25%
	TEL	B	0.19%
	GL	B	0.19%
	MHK	D	0.18%
	NWS	B	0.1%
	NCLH	B	0.09%
	IVZ	B	0.09%
	GNRC	B	0.08%
	FMC	D	0.08%
	CZR	F	0.07%
	PNW	B	0.07%
	FRT	B	0.06%

SHUS Underweight 130 Positions Relative to KOKU

	Symbol	Grade	Weight
	NVS	D	-0.3%
	HSBH	B	-0.25%
	UL	D	-0.22%
	SHOP	B	-0.19%
	TD	F	-0.15%
	LRCX	F	-0.14%
	MELI	D	-0.13%
	MRVL	B	-0.11%
	APO	B	-0.1%
	DEO	F	-0.1%
	COIN	C	-0.09%
	APP	B	-0.09%
	CNI	D	-0.09%
	LNG	B	-0.08%
	TTD	B	-0.08%
	DASH	A	-0.08%
	WDAY	B	-0.08%
	MSTR	C	-0.08%
	SQ	B	-0.07%
	WCN	A	-0.07%
	LYG	F	-0.07%
	FLUT	A	-0.07%
	BCS	C	-0.07%
	SNOW	C	-0.06%
	VRT	B	-0.06%
	GOLD	D	-0.05%
	ARES	A	-0.05%
	VEEV	C	-0.05%
	E	F	-0.05%
	HUBS	A	-0.05%
	DDOG	A	-0.05%
	TEAM	A	-0.05%
	SE	B	-0.05%
	LPLA	A	-0.04%
	NET	B	-0.04%
	TPL	A	-0.04%
	STLA	F	-0.04%
	ALNY	D	-0.04%
	CHKP	D	-0.03%
	RPM	A	-0.03%
	ACM	A	-0.03%
	BAH	F	-0.03%
	SSNC	B	-0.03%
	LII	A	-0.03%
	OC	A	-0.03%
	EQH	B	-0.03%
	PINS	D	-0.03%
	TEVA	D	-0.03%
	AER	B	-0.03%
	ZS	C	-0.03%
	TRU	D	-0.03%
	MDB	C	-0.03%
	FCNCA	A	-0.03%
	ZM	B	-0.03%
	RBLX	C	-0.03%
	CSL	C	-0.03%
	ILMN	D	-0.03%
	EME	C	-0.03%
	MKL	A	-0.03%
	FBIN	D	-0.02%
	MNDY	C	-0.02%
	CNH	C	-0.02%
	OVV	B	-0.02%
	WIX	B	-0.02%
	RPRX	D	-0.02%
	HEI	B	-0.02%
	OKTA	C	-0.02%
	NBIX	C	-0.02%
	SNAP	C	-0.02%
	BMRN	D	-0.02%
	ALLY	C	-0.02%
	DKS	C	-0.02%
	AMH	D	-0.02%
	CCK	C	-0.02%
	LOGI	D	-0.02%
	WTRG	B	-0.02%
	AVTR	F	-0.02%
	WPC	D	-0.02%
	CYBR	B	-0.02%
	TOST	B	-0.02%
	ELS	C	-0.02%
	HOOD	B	-0.02%
	TW	A	-0.02%
	GGG	B	-0.02%
	GLPI	C	-0.02%
	CCEP	C	-0.02%
	SUI	D	-0.02%
	FNF	B	-0.02%
	PSTG	D	-0.02%
	ENTG	D	-0.02%
	DT	C	-0.02%
	DOCU	A	-0.02%
	WSM	B	-0.02%
	WSO	A	-0.02%
	TWLO	A	-0.02%
	BURL	A	-0.02%
	XRX	F	-0.02%
	UTHR	C	-0.02%
	HEI	B	-0.02%
	RBA	A	-0.02%
	RS	B	-0.02%
	DKNG	B	-0.02%
	MANH	D	-0.02%
	GLBE	B	-0.01%
	WFG	D	-0.01%
	CELH	F	-0.01%
	WLK	D	-0.01%
	H	B	-0.01%
	FUTU	D	-0.01%
	UHAL	D	-0.01%
	BSY	D	-0.01%
	RIVN	F	-0.01%
	ACI	C	-0.01%
	DINO	D	-0.01%
	OTEX	D	-0.01%
	CRBG	B	-0.01%
	CHRD	D	-0.01%
	TTC	D	-0.01%
	ROKU	D	-0.01%
	KNX	B	-0.01%
	BIO	D	-0.01%
	EXAS	D	-0.01%
	QGEN	D	-0.01%
	IOT	A	-0.01%
	CG	A	-0.01%
	SEIC	B	-0.01%
	GRAB	B	-0.01%
	AFG	A	-0.01%
	Z	A	-0.01%
	DOOO	F	-0.0%

SHUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Aerospace Chemical Medicine Real Estate Investment Trust Telecommunications Bank Banking Semiconductor Insurance Products Petroleum Industry Transport Investment Bank

KOKU: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Utilities - Regulated Electric Asset Management Semiconductors Software - Infrastructure Capital Markets Oil & Gas E&P Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology Drug Manufacturers - Major REIT - Residential Specialty Chemicals Insurance - Property & Casualty Internet Content & Information Packaged Foods

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Telecommunications Aerospace Bank Medicine Real Estate Investment Trust Banking Insurance Products Semiconductor Cloud Computing Mining Mobile Devices