SHUS vs. USPX ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Franklin U.S. Equity Index ETF (USPX)

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

USPX

Franklin U.S. Equity Index ETF

USPX Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Equity Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries that have favorable exposure to multiple investment style factors.

Grade (RS Rating)

Last Trade

$52.38

Average Daily Volume

42,046

Number of Holdings ^*

543

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	USPX
30 Days	2.26%	3.77%
60 Days	3.81%	5.00%
90 Days	5.24%	6.73%
12 Months	15.89%	33.32%

471 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in USPX	Overlap
A	D	0.15%	0.07%	0.07%
AAPL	C	0.49%	6.32%	0.49%
ABBV	D	0.24%	0.57%	0.24%
ABNB	C	0.12%	0.11%	0.11%
ABT	B	0.06%	0.39%	0.06%
ACGL	D	0.14%	0.08%	0.08%
ACN	C	0.13%	0.44%	0.13%
ADBE	C	0.15%	0.43%	0.15%
ADI	D	0.22%	0.2%	0.2%
ADM	D	0.36%	0.05%	0.05%
ADP	B	0.21%	0.24%	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%
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%	0.28%	0.17%
AMCR	D	0.12%	0.03%	0.03%
AMD	F	0.14%	0.43%	0.14%
AME	A	0.12%	0.09%	0.09%
AMGN	D	0.23%	0.3%	0.23%
AMP	A	0.09%	0.11%	0.09%
AMT	D	0.06%	0.18%	0.06%
AMZN	C	0.21%	3.77%	0.21%
ANET	C	0.21%	0.19%	0.19%
ANSS	B	0.17%	0.05%	0.05%
AON	A	0.04%	0.16%	0.04%
APA	D	0.07%	0.02%	0.02%
APD	A	0.05%	0.14%	0.05%
APH	A	0.18%	0.16%	0.16%
APTV	D	0.39%	0.02%	0.02%
ARE	D	0.1%	0.03%	0.03%
ATO	A	0.32%	0.05%	0.05%
AVB	B	0.1%	0.06%	0.06%
AVGO	D	0.22%	1.48%	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%	0.31%	0.05%
AZO	C	0.15%	0.1%	0.1%
BA	F	0.16%	0.2%	0.16%
BAC	A	0.12%	0.62%	0.12%
BALL	D	0.12%	0.04%	0.04%
BAX	D	0.05%	0.03%	0.03%
BBY	D	0.17%	0.03%	0.03%
BDX	F	0.05%	0.13%	0.05%
BEN	C	0.08%	0.01%	0.01%
BG	F	0.36%	0.02%	0.02%
BIIB	F	0.24%	0.04%	0.04%
BK	A	0.11%	0.12%	0.11%
BKNG	A	0.13%	0.33%	0.13%
BKR	B	0.35%	0.09%	0.09%
BLDR	D	0.19%	0.04%	0.04%
BLK	C	0.09%	0.31%	0.09%
BMY	B	0.25%	0.23%	0.23%
BR	A	0.11%	0.05%	0.05%
BRK.A	B	0.49%	1.67%	0.49%
BRO	B	0.03%	0.05%	0.03%
BSX	B	0.06%	0.25%	0.06%
BX	A	0.08%	0.25%	0.08%
BXP	D	0.11%	0.02%	0.02%
C	A	0.13%	0.25%	0.13%
CAG	D	0.21%	0.02%	0.02%
CAH	B	0.19%	0.06%	0.06%
CARR	D	0.08%	0.12%	0.08%
CAT	B	0.14%	0.37%	0.14%
CB	C	0.14%	0.21%	0.14%
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%	0.16%	0.16%
CDW	F	0.12%	0.05%	0.05%
CE	F	0.07%	0.01%	0.01%
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%
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%	0.33%	0.33%
CME	A	0.04%	0.16%	0.04%
CMG	B	0.49%	0.16%	0.16%
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%	0.26%	0.07%
COR	B	0.18%	0.08%	0.08%
COST	B	0.7%	0.79%	0.7%
CPAY	A	0.04%	0.04%	0.04%
CPB	D	0.2%	0.02%	0.02%
CPRT	A	0.22%	0.1%	0.1%
CPT	B	0.1%	0.02%	0.02%
CRL	C	0.14%	0.02%	0.02%
CRM	B	0.35%	0.59%	0.35%
CRWD	B	0.18%	0.16%	0.16%
CSCO	B	0.21%	0.45%	0.21%
CSGP	D	0.04%	0.06%	0.04%
CSX	B	0.08%	0.13%	0.08%
CTAS	B	0.17%	0.15%	0.15%
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%	0.13%	0.13%
CVX	A	0.75%	0.53%	0.53%
D	C	0.24%	0.09%	0.09%
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%	0.07%	0.07%
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%	0.09%	0.09%
DHR	F	0.1%	0.29%	0.1%
DIS	B	0.2%	0.41%	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%	0.05%	0.05%
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%
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%	0.12%	0.05%
ED	D	0.24%	0.06%	0.06%
EFX	F	0.04%	0.06%	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%	0.18%	0.18%
EMN	D	0.05%	0.02%	0.02%
EMR	A	0.03%	0.14%	0.03%
ENPH	F	0.25%	0.02%	0.02%
EOG	A	0.07%	0.15%	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%
ES	D	0.07%	0.04%	0.04%
ESS	B	0.1%	0.04%	0.04%
ETN	A	0.26%	0.28%	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%	0.04%	0.04%
EXR	D	0.11%	0.07%	0.07%
F	C	0.24%	0.08%	0.08%
FANG	D	0.07%	0.06%	0.06%
FAST	B	0.12%	0.09%	0.09%
FCX	D	0.29%	0.12%	0.12%
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%	0.24%	0.06%
FICO	B	0.03%	0.11%	0.03%
FIS	C	0.05%	0.1%	0.05%
FITB	A	0.05%	0.06%	0.05%
FOX	A	0.1%	0.01%	0.01%
FOXA	B	0.1%	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%	0.13%	0.13%
GDDY	A	0.26%	0.05%	0.05%
GE	D	0.17%	0.38%	0.17%
GEHC	F	0.1%	0.06%	0.06%
GEN	B	0.17%	0.03%	0.03%
GEV	B	0.18%	0.18%	0.18%
GILD	C	0.24%	0.22%	0.22%
GIS	D	0.21%	0.07%	0.07%
GLW	B	0.19%	0.07%	0.07%
GM	B	0.24%	0.12%	0.12%
GOOG	C	0.22%	1.77%	0.22%
GOOGL	C	0.22%	1.98%	0.22%
GPC	D	0.15%	0.03%	0.03%
GPN	B	0.04%	0.06%	0.04%
GRMN	B	0.32%	0.06%	0.06%
GS	A	0.25%	0.38%	0.25%
GWW	B	0.13%	0.09%	0.09%
HAL	C	0.33%	0.05%	0.05%
HBAN	A	0.05%	0.05%	0.05%
HCA	F	0.33%	0.12%	0.12%
HD	A	0.25%	0.79%	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%	0.29%	0.16%
HPE	B	0.19%	0.05%	0.05%
HPQ	B	0.34%	0.07%	0.07%
HRL	D	0.36%	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%	0.06%	0.06%
HWM	A	0.07%	0.09%	0.07%
IBM	C	0.33%	0.37%	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%	0.04%	0.04%
INCY	C	0.25%	0.03%	0.03%
INTC	D	0.16%	0.2%	0.16%
INTU	C	0.2%	0.37%	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%	0.37%	0.12%
IT	C	0.13%	0.08%	0.08%
ITW	B	0.17%	0.16%	0.16%
J	F	0.39%	0.03%	0.03%
JBHT	C	0.08%	0.03%	0.03%
JCI	C	0.08%	0.11%	0.08%
JKHY	D	0.05%	0.03%	0.03%
JNJ	D	0.23%	0.73%	0.23%
JNPR	F	0.19%	0.02%	0.02%
JPM	A	0.12%	1.36%	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%	0.05%	0.05%
KIM	A	0.06%	0.03%	0.03%
KKR	A	0.09%	0.19%	0.09%
KLAC	D	0.17%	0.17%	0.17%
KMB	D	0.41%	0.09%	0.09%
KMI	A	0.25%	0.11%	0.11%
KMX	B	0.14%	0.02%	0.02%
KO	D	0.24%	0.47%	0.24%
KR	B	0.73%	0.08%	0.08%
KVUE	A	0.41%	0.08%	0.08%
L	A	0.49%	0.03%	0.03%
LDOS	C	0.13%	0.04%	0.04%
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%	0.42%	0.04%
LKQ	D	0.14%	0.02%	0.02%
LLY	F	0.23%	1.24%	0.23%
LMT	D	0.08%	0.23%	0.08%
LNT	A	0.08%	0.03%	0.03%
LOW	D	0.25%	0.3%	0.25%
LULU	C	0.3%	0.07%	0.07%
LUV	C	0.25%	0.04%	0.04%
LVS	C	0.08%	0.04%	0.04%
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%	0.83%	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%	0.41%	0.41%
MCHP	D	0.13%	0.07%	0.07%
MCK	B	0.18%	0.17%	0.17%
MCO	B	0.04%	0.15%	0.04%
MDLZ	F	0.18%	0.17%	0.17%
MDT	D	0.06%	0.22%	0.06%
MET	A	0.21%	0.1%	0.1%
META	D	0.46%	2.37%	0.46%
MGM	D	0.07%	0.02%	0.02%
MKC	D	0.21%	0.04%	0.04%
MLM	B	0.17%	0.07%	0.07%
MMC	B	0.03%	0.22%	0.03%
MMM	D	0.17%	0.14%	0.14%
MNST	C	0.25%	0.07%	0.07%
MO	A	0.35%	0.19%	0.19%
MOH	F	0.25%	0.03%	0.03%
MOS	F	0.08%	0.02%	0.02%
MPC	D	0.48%	0.1%	0.1%
MPWR	F	0.21%	0.05%	0.05%
MRK	F	0.24%	0.48%	0.24%
MRNA	F	0.23%	0.02%	0.02%
MRO	B	0.07%	0.03%	0.03%
MS	A	0.26%	0.33%	0.26%
MSCI	C	0.04%	0.09%	0.04%
MSFT	F	0.32%	6.06%	0.32%
MSI	B	0.49%	0.15%	0.15%
MTB	A	0.06%	0.07%	0.06%
MTD	D	0.14%	0.05%	0.05%
MU	D	0.15%	0.21%	0.15%
NDAQ	A	0.04%	0.06%	0.04%
NEE	D	0.24%	0.31%	0.24%
NEM	D	0.24%	0.09%	0.09%
NFLX	A	0.22%	0.71%	0.22%
NI	A	0.32%	0.03%	0.03%
NKE	D	0.33%	0.18%	0.18%
NOC	D	0.08%	0.13%	0.08%
NOW	A	0.22%	0.39%	0.22%
NRG	B	0.32%	0.04%	0.04%
NSC	B	0.08%	0.11%	0.08%
NTAP	C	0.17%	0.05%	0.05%
NTRS	A	0.08%	0.05%	0.05%
NUE	C	0.25%	0.07%	0.07%
NVDA	C	0.13%	6.61%	0.13%
NVR	D	0.3%	0.05%	0.05%
NWS	B	0.1%	0.01%	0.01%
NWSA	B	0.1%	0.02%	0.02%
NXPI	D	0.23%	0.11%	0.11%
O	D	0.06%	0.1%	0.06%
ODFL	B	0.08%	0.08%	0.08%
OKE	A	0.24%	0.12%	0.12%
OMC	C	0.33%	0.04%	0.04%
ON	D	0.22%	0.06%	0.06%
ORCL	B	0.34%	0.58%	0.34%
ORLY	B	0.14%	0.14%	0.14%
OTIS	C	0.08%	0.08%	0.08%
OXY	D	0.07%	0.06%	0.06%
PANW	C	0.16%	0.24%	0.16%
PAYC	B	0.21%	0.02%	0.02%
PAYX	C	0.21%	0.09%	0.09%
PCAR	B	0.12%	0.11%	0.11%
PCG	A	0.07%	0.09%	0.07%
PEG	A	0.25%	0.09%	0.09%
PEP	F	0.17%	0.43%	0.17%
PFE	D	0.24%	0.28%	0.24%
PFG	D	0.2%	0.04%	0.04%
PG	A	0.41%	0.79%	0.41%
PGR	A	0.19%	0.29%	0.19%
PH	A	0.08%	0.17%	0.08%
PHM	D	0.25%	0.06%	0.06%
PKG	A	0.06%	0.04%	0.04%
PLD	D	0.06%	0.21%	0.06%
PLTR	B	0.22%	0.26%	0.22%
PM	B	0.35%	0.39%	0.35%
PNC	B	0.06%	0.16%	0.06%
PNR	A	0.19%	0.03%	0.03%
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%	0.1%	0.1%
PSX	C	0.5%	0.11%	0.11%
PTC	A	0.17%	0.04%	0.04%
PWR	A	0.4%	0.09%	0.09%
PYPL	B	0.06%	0.18%	0.06%
QCOM	F	0.22%	0.35%	0.22%
QRVO	F	0.21%	0.01%	0.01%
RCL	A	0.08%	0.11%	0.08%
REG	B	0.06%	0.03%	0.03%
REGN	F	0.23%	0.16%	0.16%
RF	A	0.06%	0.05%	0.05%
RJF	A	0.25%	0.06%	0.06%
RMD	C	0.09%	0.06%	0.06%
ROK	B	0.03%	0.07%	0.03%
ROL	B	0.18%	0.03%	0.03%
ROP	B	0.03%	0.11%	0.03%
ROST	C	0.71%	0.09%	0.09%
RSG	A	0.18%	0.08%	0.08%
RTX	C	0.08%	0.31%	0.08%
RVTY	F	0.1%	0.03%	0.03%
SBAC	D	0.06%	0.04%	0.04%
SBUX	A	0.48%	0.22%	0.22%
SCHW	B	0.25%	0.23%	0.23%
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%	0.16%	0.16%
SO	D	0.08%	0.19%	0.08%
SPG	B	0.06%	0.11%	0.06%
SPGI	C	0.04%	0.31%	0.04%
SRE	A	0.07%	0.11%	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%	0.07%	0.07%
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%	0.04%	0.03%
TECH	D	0.15%	0.02%	0.02%
TER	D	0.16%	0.03%	0.03%
TFC	A	0.05%	0.12%	0.05%
TFX	F	0.05%	0.01%	0.01%
TGT	F	0.17%	0.14%	0.14%
TJX	A	0.71%	0.27%	0.27%
TMO	F	0.14%	0.38%	0.14%
TMUS	B	0.33%	0.23%	0.23%
TRGP	B	0.24%	0.08%	0.08%
TRMB	B	0.03%	0.03%	0.03%
TROW	B	0.08%	0.05%	0.05%
TRV	B	0.14%	0.11%	0.11%
TSCO	D	0.12%	0.05%	0.05%
TSLA	B	0.27%	1.75%	0.27%
TSN	B	0.35%	0.04%	0.04%
TT	A	0.08%	0.17%	0.08%
TTWO	A	0.48%	0.06%	0.06%
TXN	C	0.22%	0.36%	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%	0.29%	0.11%
UDR	B	0.1%	0.03%	0.03%
UHS	D	0.32%	0.02%	0.02%
ULTA	F	0.17%	0.03%	0.03%
UNH	C	0.25%	1.07%	0.25%
UNP	C	0.08%	0.28%	0.08%
UPS	C	0.08%	0.19%	0.08%
URI	B	0.14%	0.11%	0.11%
USB	A	0.05%	0.15%	0.05%
V	A	0.04%	1.01%	0.04%
VICI	C	0.06%	0.06%	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%	0.24%	0.23%
VST	B	0.4%	0.09%	0.09%
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%	0.15%	0.15%
WMB	A	0.24%	0.13%	0.13%
WMT	A	0.72%	0.72%	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%	0.04%	0.04%
WYNN	D	0.08%	0.02%	0.02%
XEL	A	0.07%	0.08%	0.07%
XOM	B	0.75%	1.04%	0.75%
XYL	D	0.19%	0.06%	0.06%
YUM	B	0.5%	0.07%	0.07%
ZBH	C	0.12%	0.04%	0.04%
ZBRA	B	0.13%	0.05%	0.05%
ZTS	D	0.25%	0.16%	0.16%

SHUS Overweight 29 Positions Relative to USPX

Symbol	Grade	Weight
MTCH	D	0.46%
BWA	D	0.41%
JBL	B	0.37%
RL	B	0.32%
TPR	B	0.32%
HAS	D	0.25%
CTLT	B	0.24%
AOS	F	0.21%
PARA	C	0.2%
ERIE	D	0.2%
AIZ	A	0.2%
HSIC	B	0.2%
TEL	B	0.19%
BBWI	D	0.19%
GL	B	0.19%
MHK	D	0.18%
DVA	B	0.11%
CHRW	C	0.09%
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%
SOLV	C	0.05%
CBOE	B	0.04%
MKTX	D	0.04%
NDSN	B	0.03%

SHUS Underweight 72 Positions Relative to USPX

Symbol	Grade	Weight
LRCX	F	-0.18%
MELI	D	-0.18%
MRVL	B	-0.15%
APO	B	-0.13%
COIN	C	-0.12%
DASH	A	-0.11%
TTD	B	-0.11%
WDAY	B	-0.11%
LNG	B	-0.09%
SQ	B	-0.09%
SNOW	C	-0.08%
VRT	B	-0.08%
DDOG	A	-0.07%
TEAM	A	-0.07%
ALNY	D	-0.06%
CPNG	D	-0.06%
FCNCA	A	-0.06%
VEEV	C	-0.06%
ARES	A	-0.06%
HUBS	A	-0.06%
MKL	A	-0.05%
LII	A	-0.05%
LPLA	A	-0.05%
RBLX	C	-0.05%
NET	B	-0.05%
TPL	A	-0.05%
ZM	B	-0.04%
ZS	C	-0.04%
WSO	A	-0.04%
ILMN	D	-0.04%
MDB	C	-0.04%
AVTR	F	-0.03%
RGA	A	-0.03%
EWBC	A	-0.03%
DT	C	-0.03%
SUI	D	-0.03%
EQH	B	-0.03%
OC	A	-0.03%
ENTG	D	-0.03%
FNF	B	-0.03%
DOCU	A	-0.03%
BURL	A	-0.03%
SSNC	B	-0.03%
FLEX	A	-0.03%
HEI	B	-0.03%
PINS	D	-0.03%
TRU	D	-0.03%
TWLO	A	-0.03%
BAH	F	-0.03%
ACI	C	-0.02%
SCCO	F	-0.02%
EXAS	D	-0.02%
CG	A	-0.02%
RPRX	D	-0.02%
CNH	C	-0.02%
CCK	C	-0.02%
HEI	B	-0.02%
AFG	A	-0.02%
SNAP	C	-0.02%
Z	A	-0.02%
NBIX	C	-0.02%
OKTA	C	-0.02%
WPC	D	-0.02%
BMRN	D	-0.02%
ELS	C	-0.02%
AGR	B	-0.01%
ZG	A	-0.01%
WLK	D	-0.01%
U	C	-0.01%
SIRI	C	-0.01%
BSY	D	-0.01%
CRBG	B	-0.01%