SHUS vs. PBP ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to PowerShares S&P 500 BuyWrite Portfolio (PBP)

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

PBP

PowerShares S&P 500 BuyWrite Portfolio

PBP Description

The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite IndexTM (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index, including at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500Â® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500 (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$23.15

Average Daily Volume

20,950

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	PBP
30 Days	2.26%	1.82%
60 Days	3.81%	2.59%
90 Days	5.24%	4.17%
12 Months	15.89%	18.42%

498 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in PBP	Overlap
A	D	0.15%	0.08%	0.08%
AAPL	C	0.49%	7.01%	0.49%
ABBV	D	0.24%	0.61%	0.24%
ABNB	C	0.12%	0.12%	0.12%
ABT	B	0.06%	0.4%	0.06%
ACGL	D	0.14%	0.08%	0.08%
ACN	C	0.13%	0.46%	0.13%
ADBE	C	0.15%	0.47%	0.15%
ADI	D	0.22%	0.21%	0.21%
ADM	D	0.36%	0.05%	0.05%
ADP	B	0.21%	0.25%	0.21%
ADSK	A	0.16%	0.13%	0.13%
AEE	A	0.08%	0.05%	0.05%
AEP	D	0.24%	0.1%	0.1%
AES	F	0.31%	0.02%	0.02%
AFL	B	0.2%	0.11%	0.11%
AIG	B	0.19%	0.1%	0.1%
AIZ	A	0.2%	0.02%	0.02%
AJG	B	0.03%	0.13%	0.03%
AKAM	D	0.26%	0.03%	0.03%
ALB	C	0.05%	0.02%	0.02%
ALGN	D	0.1%	0.03%	0.03%
ALL	A	0.19%	0.1%	0.1%
ALLE	D	0.07%	0.02%	0.02%
AMAT	F	0.17%	0.31%	0.17%
AMCR	D	0.12%	0.03%	0.03%
AMD	F	0.14%	0.45%	0.14%
AME	A	0.12%	0.09%	0.09%
AMGN	D	0.23%	0.32%	0.23%
AMP	A	0.09%	0.11%	0.09%
AMT	D	0.06%	0.18%	0.06%
AMZN	C	0.21%	3.99%	0.21%
ANET	C	0.21%	0.2%	0.2%
ANSS	B	0.17%	0.06%	0.06%
AON	A	0.04%	0.17%	0.04%
AOS	F	0.21%	0.02%	0.02%
APA	D	0.07%	0.02%	0.02%
APD	A	0.05%	0.14%	0.05%
APH	A	0.18%	0.18%	0.18%
APTV	D	0.39%	0.03%	0.03%
ARE	D	0.1%	0.03%	0.03%
ATO	A	0.32%	0.05%	0.05%
AVB	B	0.1%	0.07%	0.07%
AVGO	D	0.22%	1.6%	0.22%
AVY	D	0.06%	0.03%	0.03%
AWK	D	0.32%	0.05%	0.05%
AXON	A	0.09%	0.09%	0.09%
AXP	A	0.05%	0.33%	0.05%
AZO	C	0.15%	0.1%	0.1%
BA	F	0.16%	0.2%	0.16%
BAC	A	0.12%	0.63%	0.12%
BALL	D	0.12%	0.04%	0.04%
BAX	D	0.05%	0.03%	0.03%
BBY	D	0.17%	0.04%	0.04%
BDX	F	0.05%	0.13%	0.05%
BEN	C	0.08%	0.01%	0.01%
BG	F	0.36%	0.03%	0.03%
BIIB	F	0.24%	0.05%	0.05%
BK	A	0.11%	0.12%	0.11%
BKNG	A	0.13%	0.34%	0.13%
BKR	B	0.35%	0.09%	0.09%
BLDR	D	0.19%	0.04%	0.04%
BLK	C	0.09%	0.29%	0.09%
BMY	B	0.25%	0.24%	0.24%
BR	A	0.11%	0.05%	0.05%
BRK.A	B	0.49%	1.73%	0.49%
BRO	B	0.03%	0.05%	0.03%
BSX	B	0.06%	0.26%	0.06%
BWA	D	0.41%	0.02%	0.02%
BX	A	0.08%	0.26%	0.08%
BXP	D	0.11%	0.02%	0.02%
C	A	0.13%	0.26%	0.13%
CAG	D	0.21%	0.03%	0.03%
CAH	B	0.19%	0.06%	0.06%
CARR	D	0.08%	0.13%	0.08%
CAT	B	0.14%	0.38%	0.14%
CB	C	0.14%	0.22%	0.14%
CBOE	B	0.04%	0.04%	0.04%
CBRE	B	0.04%	0.08%	0.04%
CCI	D	0.06%	0.09%	0.06%
CCL	B	0.09%	0.05%	0.05%
CDNS	B	0.33%	0.17%	0.17%
CDW	F	0.12%	0.05%	0.05%
CE	F	0.07%	0.02%	0.02%
CEG	D	0.38%	0.14%	0.14%
CF	B	0.09%	0.03%	0.03%
CFG	B	0.05%	0.04%	0.04%
CHD	B	0.41%	0.05%	0.05%
CHRW	C	0.09%	0.03%	0.03%
CHTR	C	0.46%	0.08%	0.08%
CI	F	0.18%	0.18%	0.18%
CINF	A	0.14%	0.05%	0.05%
CL	D	0.4%	0.15%	0.15%
CLX	B	0.41%	0.04%	0.04%
CMCSA	B	0.51%	0.34%	0.34%
CME	A	0.04%	0.16%	0.04%
CMG	B	0.49%	0.17%	0.17%
CMI	A	0.08%	0.1%	0.08%
CMS	C	0.07%	0.04%	0.04%
CNC	D	0.25%	0.06%	0.06%
CNP	B	0.25%	0.04%	0.04%
COF	B	0.69%	0.14%	0.14%
COP	C	0.07%	0.27%	0.07%
COR	B	0.18%	0.09%	0.09%
COST	B	0.7%	0.83%	0.7%
CPAY	A	0.04%	0.05%	0.04%
CPB	D	0.2%	0.02%	0.02%
CPRT	A	0.22%	0.1%	0.1%
CPT	B	0.1%	0.03%	0.03%
CRL	C	0.14%	0.02%	0.02%
CRM	B	0.35%	0.65%	0.35%
CRWD	B	0.18%	0.16%	0.16%
CSCO	B	0.21%	0.47%	0.21%
CSGP	D	0.04%	0.06%	0.04%
CSX	B	0.08%	0.14%	0.08%
CTAS	B	0.17%	0.15%	0.15%
CTLT	B	0.24%	0.02%	0.02%
CTRA	B	0.17%	0.04%	0.04%
CTSH	B	0.13%	0.08%	0.08%
CTVA	C	0.08%	0.08%	0.08%
CVS	D	0.68%	0.14%	0.14%
CVX	A	0.75%	0.56%	0.56%
CZR	F	0.07%	0.02%	0.02%
D	C	0.24%	0.1%	0.1%
DAL	C	0.27%	0.08%	0.08%
DAY	B	0.22%	0.02%	0.02%
DD	D	0.05%	0.07%	0.05%
DE	A	0.13%	0.2%	0.13%
DECK	A	0.29%	0.05%	0.05%
DELL	C	0.17%	0.08%	0.08%
DFS	B	0.68%	0.09%	0.09%
DG	F	0.17%	0.03%	0.03%
DGX	A	0.16%	0.04%	0.04%
DHI	D	0.23%	0.1%	0.1%
DHR	F	0.1%	0.31%	0.1%
DIS	B	0.2%	0.4%	0.2%
DLR	B	0.26%	0.11%	0.11%
DLTR	F	0.17%	0.03%	0.03%
DOC	D	0.11%	0.03%	0.03%
DOV	A	0.17%	0.06%	0.06%
DOW	F	0.07%	0.06%	0.06%
DPZ	C	0.52%	0.03%	0.03%
DRI	B	0.5%	0.04%	0.04%
DTE	C	0.24%	0.05%	0.05%
DUK	C	0.07%	0.17%	0.07%
DVA	B	0.11%	0.01%	0.01%
DVN	F	0.16%	0.05%	0.05%
DXCM	D	0.09%	0.06%	0.06%
EA	A	0.48%	0.08%	0.08%
EBAY	D	0.22%	0.06%	0.06%
ECL	D	0.05%	0.13%	0.05%
ED	D	0.24%	0.07%	0.07%
EFX	F	0.04%	0.07%	0.04%
EG	C	0.14%	0.03%	0.03%
EIX	B	0.24%	0.06%	0.06%
EL	F	0.49%	0.03%	0.03%
ELV	F	0.24%	0.19%	0.19%
EMN	D	0.05%	0.02%	0.02%
EMR	A	0.03%	0.15%	0.03%
ENPH	F	0.25%	0.02%	0.02%
EOG	A	0.07%	0.16%	0.07%
EPAM	C	0.13%	0.03%	0.03%
EQIX	A	0.26%	0.17%	0.17%
EQR	B	0.1%	0.05%	0.05%
EQT	B	0.18%	0.05%	0.05%
ERIE	D	0.2%	0.02%	0.02%
ES	D	0.07%	0.04%	0.04%
ESS	B	0.1%	0.04%	0.04%
ETN	A	0.26%	0.29%	0.26%
ETR	B	0.25%	0.06%	0.06%
EVRG	A	0.08%	0.03%	0.03%
EW	C	0.06%	0.08%	0.06%
EXC	C	0.29%	0.08%	0.08%
EXPD	D	0.09%	0.03%	0.03%
EXPE	B	0.12%	0.05%	0.05%
EXR	D	0.11%	0.07%	0.07%
F	C	0.24%	0.09%	0.09%
FANG	D	0.07%	0.07%	0.07%
FAST	B	0.12%	0.1%	0.1%
FCX	D	0.29%	0.13%	0.13%
FDS	B	0.04%	0.04%	0.04%
FDX	B	0.07%	0.13%	0.07%
FE	C	0.24%	0.04%	0.04%
FFIV	B	0.2%	0.03%	0.03%
FI	A	0.06%	0.25%	0.06%
FICO	B	0.03%	0.12%	0.03%
FIS	C	0.05%	0.1%	0.05%
FITB	A	0.05%	0.06%	0.05%
FMC	D	0.08%	0.01%	0.01%
FOX	A	0.1%	0.01%	0.01%
FOXA	B	0.1%	0.02%	0.02%
FRT	B	0.06%	0.02%	0.02%
FSLR	F	0.2%	0.04%	0.04%
FTNT	C	0.17%	0.12%	0.12%
FTV	C	0.03%	0.05%	0.03%
GD	F	0.16%	0.15%	0.15%
GDDY	A	0.26%	0.05%	0.05%
GE	D	0.17%	0.39%	0.17%
GEHC	F	0.1%	0.08%	0.08%
GEN	B	0.17%	0.03%	0.03%
GEV	B	0.18%	0.18%	0.18%
GILD	C	0.24%	0.23%	0.23%
GIS	D	0.21%	0.07%	0.07%
GL	B	0.19%	0.02%	0.02%
GLW	B	0.19%	0.07%	0.07%
GM	B	0.24%	0.13%	0.13%
GNRC	B	0.08%	0.02%	0.02%
GOOG	C	0.22%	1.72%	0.22%
GOOGL	C	0.22%	2.08%	0.22%
GPC	D	0.15%	0.03%	0.03%
GPN	B	0.04%	0.06%	0.04%
GRMN	B	0.32%	0.07%	0.07%
GS	A	0.25%	0.38%	0.25%
GWW	B	0.13%	0.11%	0.11%
HAL	C	0.33%	0.05%	0.05%
HAS	D	0.25%	0.02%	0.02%
HBAN	A	0.05%	0.05%	0.05%
HCA	F	0.33%	0.13%	0.13%
HD	A	0.25%	0.81%	0.25%
HES	B	0.07%	0.08%	0.07%
HIG	B	0.14%	0.07%	0.07%
HII	D	0.08%	0.02%	0.02%
HLT	A	0.12%	0.12%	0.12%
HOLX	D	0.1%	0.04%	0.04%
HON	B	0.16%	0.3%	0.16%
HPE	B	0.19%	0.06%	0.06%
HPQ	B	0.34%	0.07%	0.07%
HRL	D	0.36%	0.02%	0.02%
HSIC	B	0.2%	0.02%	0.02%
HST	C	0.11%	0.02%	0.02%
HSY	F	0.17%	0.05%	0.05%
HUBB	B	0.26%	0.05%	0.05%
HUM	C	0.26%	0.07%	0.07%
HWM	A	0.07%	0.09%	0.07%
IBM	C	0.33%	0.39%	0.33%
ICE	C	0.04%	0.18%	0.04%
IDXX	F	0.09%	0.07%	0.07%
IEX	B	0.2%	0.04%	0.04%
IFF	D	0.05%	0.05%	0.05%
INCY	C	0.25%	0.03%	0.03%
INTC	D	0.16%	0.22%	0.16%
INTU	C	0.2%	0.4%	0.2%
INVH	D	0.1%	0.04%	0.04%
IP	B	0.06%	0.04%	0.04%
IPG	D	0.33%	0.02%	0.02%
IQV	D	0.13%	0.07%	0.07%
IR	B	0.2%	0.08%	0.08%
IRM	D	0.06%	0.07%	0.06%
ISRG	A	0.12%	0.39%	0.12%
IT	C	0.13%	0.08%	0.08%
ITW	B	0.17%	0.15%	0.15%
IVZ	B	0.09%	0.02%	0.02%
J	F	0.39%	0.04%	0.04%
JBHT	C	0.08%	0.03%	0.03%
JBL	B	0.37%	0.03%	0.03%
JCI	C	0.08%	0.12%	0.08%
JKHY	D	0.05%	0.03%	0.03%
JNJ	D	0.23%	0.74%	0.23%
JNPR	F	0.19%	0.03%	0.03%
JPM	A	0.12%	1.39%	0.12%
K	A	0.18%	0.04%	0.04%
KDP	D	0.24%	0.07%	0.07%
KEY	B	0.06%	0.04%	0.04%
KEYS	A	0.2%	0.05%	0.05%
KHC	F	0.21%	0.06%	0.06%
KIM	A	0.06%	0.03%	0.03%
KKR	A	0.09%	0.21%	0.09%
KLAC	D	0.17%	0.18%	0.17%
KMB	D	0.41%	0.09%	0.09%
KMI	A	0.25%	0.1%	0.1%
KMX	B	0.14%	0.02%	0.02%
KO	D	0.24%	0.49%	0.24%
KR	B	0.73%	0.08%	0.08%
KVUE	A	0.41%	0.09%	0.09%
L	A	0.49%	0.03%	0.03%
LDOS	C	0.13%	0.05%	0.05%
LEN	D	0.24%	0.08%	0.08%
LH	C	0.16%	0.04%	0.04%
LHX	C	0.08%	0.1%	0.08%
LIN	D	0.04%	0.44%	0.04%
LKQ	D	0.14%	0.02%	0.02%
LLY	F	0.23%	1.25%	0.23%
LMT	D	0.08%	0.23%	0.08%
LNT	A	0.08%	0.03%	0.03%
LOW	D	0.25%	0.31%	0.25%
LULU	C	0.3%	0.08%	0.08%
LUV	C	0.25%	0.04%	0.04%
LVS	C	0.08%	0.03%	0.03%
LW	C	0.22%	0.02%	0.02%
LYB	F	0.07%	0.04%	0.04%
LYV	A	0.09%	0.04%	0.04%
MA	C	0.05%	0.87%	0.05%
MAA	B	0.1%	0.04%	0.04%
MAR	B	0.12%	0.13%	0.12%
MAS	D	0.19%	0.03%	0.03%
MCD	D	0.49%	0.43%	0.43%
MCHP	D	0.13%	0.07%	0.07%
MCK	B	0.18%	0.16%	0.16%
MCO	B	0.04%	0.15%	0.04%
MDLZ	F	0.18%	0.18%	0.18%
MDT	D	0.06%	0.22%	0.06%
MET	A	0.21%	0.1%	0.1%
META	D	0.46%	2.55%	0.46%
MGM	D	0.07%	0.02%	0.02%
MHK	D	0.18%	0.01%	0.01%
MKC	D	0.21%	0.04%	0.04%
MKTX	D	0.04%	0.02%	0.02%
MLM	B	0.17%	0.07%	0.07%
MMC	B	0.03%	0.22%	0.03%
MMM	D	0.17%	0.15%	0.15%
MNST	C	0.25%	0.08%	0.08%
MO	A	0.35%	0.19%	0.19%
MOH	F	0.25%	0.04%	0.04%
MOS	F	0.08%	0.02%	0.02%
MPC	D	0.48%	0.11%	0.11%
MPWR	F	0.21%	0.06%	0.06%
MRK	F	0.24%	0.5%	0.24%
MRNA	F	0.23%	0.03%	0.03%
MRO	B	0.07%	0.03%	0.03%
MS	A	0.26%	0.33%	0.26%
MSCI	C	0.04%	0.1%	0.04%
MSFT	F	0.32%	6.41%	0.32%
MSI	B	0.49%	0.17%	0.17%
MTB	A	0.06%	0.07%	0.06%
MTCH	D	0.46%	0.02%	0.02%
MTD	D	0.14%	0.05%	0.05%
MU	D	0.15%	0.22%	0.15%
NCLH	B	0.09%	0.02%	0.02%
NDAQ	A	0.04%	0.07%	0.04%
NDSN	B	0.03%	0.03%	0.03%
NEE	D	0.24%	0.31%	0.24%
NEM	D	0.24%	0.09%	0.09%
NFLX	A	0.22%	0.73%	0.22%
NI	A	0.32%	0.03%	0.03%
NKE	D	0.33%	0.18%	0.18%
NOC	D	0.08%	0.14%	0.08%
NOW	A	0.22%	0.43%	0.22%
NRG	B	0.32%	0.04%	0.04%
NSC	B	0.08%	0.12%	0.08%
NTAP	C	0.17%	0.05%	0.05%
NTRS	A	0.08%	0.04%	0.04%
NUE	C	0.25%	0.07%	0.07%
NVDA	C	0.13%	7.29%	0.13%
NVR	D	0.3%	0.06%	0.06%
NWS	B	0.1%	0.01%	0.01%
NWSA	B	0.1%	0.02%	0.02%
NXPI	D	0.23%	0.12%	0.12%
O	D	0.06%	0.1%	0.06%
ODFL	B	0.08%	0.09%	0.08%
OKE	A	0.24%	0.13%	0.13%
OMC	C	0.33%	0.04%	0.04%
ON	D	0.22%	0.06%	0.06%
ORCL	B	0.34%	0.6%	0.34%
ORLY	B	0.14%	0.14%	0.14%
OTIS	C	0.08%	0.08%	0.08%
OXY	D	0.07%	0.07%	0.07%
PANW	C	0.16%	0.26%	0.16%
PARA	C	0.2%	0.01%	0.01%
PAYC	B	0.21%	0.02%	0.02%
PAYX	C	0.21%	0.09%	0.09%
PCAR	B	0.12%	0.12%	0.12%
PCG	A	0.07%	0.09%	0.07%
PEG	A	0.25%	0.09%	0.09%
PEP	F	0.17%	0.46%	0.17%
PFE	D	0.24%	0.3%	0.24%
PFG	D	0.2%	0.04%	0.04%
PG	A	0.41%	0.8%	0.41%
PGR	A	0.19%	0.31%	0.19%
PH	A	0.08%	0.18%	0.08%
PHM	D	0.25%	0.05%	0.05%
PKG	A	0.06%	0.04%	0.04%
PLD	D	0.06%	0.21%	0.06%
PLTR	B	0.22%	0.24%	0.22%
PM	B	0.35%	0.4%	0.35%
PNC	B	0.06%	0.17%	0.06%
PNR	A	0.19%	0.04%	0.04%
PNW	B	0.07%	0.02%	0.02%
PODD	C	0.1%	0.04%	0.04%
POOL	C	0.13%	0.03%	0.03%
PPG	F	0.07%	0.06%	0.06%
PPL	B	0.08%	0.05%	0.05%
PRU	A	0.2%	0.09%	0.09%
PSA	D	0.1%	0.11%	0.1%
PSX	C	0.5%	0.11%	0.11%
PTC	A	0.17%	0.05%	0.05%
PWR	A	0.4%	0.1%	0.1%
PYPL	B	0.06%	0.18%	0.06%
QCOM	F	0.22%	0.37%	0.22%
QRVO	F	0.21%	0.01%	0.01%
RCL	A	0.08%	0.11%	0.08%
REG	B	0.06%	0.02%	0.02%
REGN	F	0.23%	0.17%	0.17%
RF	A	0.06%	0.05%	0.05%
RJF	A	0.25%	0.06%	0.06%
RL	B	0.32%	0.02%	0.02%
RMD	C	0.09%	0.07%	0.07%
ROK	B	0.03%	0.07%	0.03%
ROL	B	0.18%	0.03%	0.03%
ROP	B	0.03%	0.12%	0.03%
ROST	C	0.71%	0.1%	0.1%
RSG	A	0.18%	0.09%	0.09%
RTX	C	0.08%	0.32%	0.08%
RVTY	F	0.1%	0.03%	0.03%
SBAC	D	0.06%	0.05%	0.05%
SBUX	A	0.48%	0.23%	0.23%
SCHW	B	0.25%	0.24%	0.24%
SHW	A	0.06%	0.18%	0.06%
SJM	D	0.21%	0.02%	0.02%
SLB	C	0.34%	0.12%	0.12%
SMCI	F	0.15%	0.02%	0.02%
SNA	A	0.25%	0.04%	0.04%
SNPS	B	0.34%	0.17%	0.17%
SO	D	0.08%	0.19%	0.08%
SOLV	C	0.05%	0.02%	0.02%
SPG	B	0.06%	0.11%	0.06%
SPGI	C	0.04%	0.33%	0.04%
SRE	A	0.07%	0.12%	0.07%
STE	F	0.12%	0.04%	0.04%
STLD	B	0.27%	0.04%	0.04%
STT	A	0.11%	0.06%	0.06%
STX	D	0.17%	0.04%	0.04%
STZ	D	0.25%	0.08%	0.08%
SW	A	0.07%	0.05%	0.05%
SWK	D	0.26%	0.03%	0.03%
SWKS	F	0.21%	0.03%	0.03%
SYF	B	0.68%	0.05%	0.05%
SYK	C	0.12%	0.27%	0.12%
SYY	B	0.73%	0.07%	0.07%
T	A	0.33%	0.32%	0.32%
TAP	C	0.25%	0.02%	0.02%
TDG	D	0.06%	0.14%	0.06%
TDY	B	0.03%	0.05%	0.03%
TECH	D	0.15%	0.02%	0.02%
TER	D	0.16%	0.04%	0.04%
TFC	A	0.05%	0.13%	0.05%
TFX	F	0.05%	0.02%	0.02%
TGT	F	0.17%	0.14%	0.14%
TJX	A	0.71%	0.27%	0.27%
TMO	F	0.14%	0.41%	0.14%
TMUS	B	0.33%	0.24%	0.24%
TPR	B	0.32%	0.03%	0.03%
TRGP	B	0.24%	0.08%	0.08%
TRMB	B	0.03%	0.04%	0.03%
TROW	B	0.08%	0.05%	0.05%
TRV	B	0.14%	0.12%	0.12%
TSCO	D	0.12%	0.06%	0.06%
TSLA	B	0.27%	1.75%	0.27%
TSN	B	0.35%	0.04%	0.04%
TT	A	0.08%	0.19%	0.08%
TTWO	A	0.48%	0.06%	0.06%
TXN	C	0.22%	0.38%	0.22%
TXT	D	0.16%	0.03%	0.03%
TYL	B	0.21%	0.05%	0.05%
UAL	A	0.28%	0.06%	0.06%
UBER	D	0.11%	0.3%	0.11%
UDR	B	0.1%	0.03%	0.03%
UHS	D	0.32%	0.02%	0.02%
ULTA	F	0.17%	0.04%	0.04%
UNH	C	0.25%	1.11%	0.25%
UNP	C	0.08%	0.29%	0.08%
UPS	C	0.08%	0.2%	0.08%
URI	B	0.14%	0.12%	0.12%
USB	A	0.05%	0.16%	0.05%
V	A	0.04%	1.04%	0.04%
VICI	C	0.06%	0.07%	0.06%
VLO	C	0.49%	0.09%	0.09%
VLTO	D	0.03%	0.05%	0.03%
VMC	B	0.17%	0.08%	0.08%
VRSK	A	0.04%	0.08%	0.04%
VRSN	F	0.27%	0.03%	0.03%
VRTX	F	0.23%	0.25%	0.23%
VST	B	0.4%	0.1%	0.1%
VTR	C	0.11%	0.05%	0.05%
VTRS	A	0.24%	0.03%	0.03%
VZ	C	0.32%	0.35%	0.32%
WAB	B	0.13%	0.07%	0.07%
WAT	B	0.15%	0.04%	0.04%
WBA	F	0.63%	0.01%	0.01%
WBD	C	0.19%	0.04%	0.04%
WDC	D	0.17%	0.04%	0.04%
WEC	A	0.07%	0.06%	0.06%
WELL	A	0.11%	0.16%	0.11%
WFC	A	0.13%	0.5%	0.13%
WM	A	0.18%	0.16%	0.16%
WMB	A	0.24%	0.14%	0.14%
WMT	A	0.72%	0.74%	0.72%
WRB	A	0.13%	0.04%	0.04%
WST	C	0.05%	0.05%	0.05%
WTW	B	0.04%	0.06%	0.04%
WY	D	0.17%	0.05%	0.05%
WYNN	D	0.08%	0.02%	0.02%
XEL	A	0.07%	0.08%	0.07%
XOM	B	0.75%	1.08%	0.75%
XYL	D	0.19%	0.06%	0.06%
YUM	B	0.5%	0.08%	0.08%
ZBH	C	0.12%	0.04%	0.04%
ZBRA	B	0.13%	0.04%	0.04%
ZTS	D	0.25%	0.16%	0.16%

SHUS Overweight 2 Positions Relative to PBP

	Symbol	Grade	Weight
	TEL	B	0.19%
	BBWI	D	0.19%

SHUS Underweight 1 Positions Relative to PBP

	Symbol	Grade	Weight
	LRCX	F	-0.2%