SMDY vs. PFF ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to iShares US Preferred Stock ETF (PFF)

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$44.16

Average Daily Volume

525

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.45

Average Daily Volume

3,473,082

Number of Holdings ^*

225

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	PFF
30 Days	0.32%	3.80%
60 Days	0.23%	6.53%
90 Days	3.92%	7.10%
12 Months	21.05%	17.75%

31 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in PFF	Overlap
ADC	C	0.08%	0.09%	0.08%
AMG	C	0.33%	0.09%	0.09%
AMH	D	0.2%	0.07%	0.07%
ASB	D	0.39%	0.06%	0.06%
BC	C	0.23%	0.08%	0.08%
BHF	F	0.33%	0.16%	0.16%
CADE	C	0.07%	0.1%	0.07%
CFR	C	0.12%	0.08%	0.08%
CG	C	0.3%	0.25%	0.25%
CNO	C	0.41%	0.08%	0.08%
EPR	C	0.07%	0.07%	0.07%
EQH	C	0.33%	0.15%	0.15%
FHN	D	0.11%	0.08%	0.08%
GTLS	F	0.08%	0.25%	0.08%
HWC	D	0.12%	0.11%	0.11%
KMPR	D	0.34%	0.09%	0.09%
NSA	C	0.22%	0.14%	0.14%
ONB	D	0.07%	0.07%	0.07%
PNFP	C	0.07%	0.14%	0.07%
RBC	B	0.1%	0.38%	0.1%
RNR	B	0.34%	0.15%	0.15%
SF	B	0.43%	0.1%	0.1%
SIGI	D	0.15%	0.1%	0.1%
SNV	D	0.07%	0.12%	0.07%
SR	B	0.23%	0.16%	0.16%
TCBI	C	0.13%	0.17%	0.13%
VLY	D	0.08%	0.1%	0.08%
VNO	B	0.14%	0.12%	0.12%
VOYA	B	0.3%	0.19%	0.19%
WBS	C	0.43%	0.08%	0.08%
WCC	C	0.06%	0.35%	0.06%

SMDY Overweight 360 Positions Relative to PFF

Symbol	Grade	Weight
SMG	B	2.01%
FYBR	C	1.55%
COTY	D	1.55%
DOCS	B	1.52%
CIEN	B	1.42%
LITE	B	1.41%
IRDM	C	1.23%
ZD	D	0.98%
DT	C	0.84%
SBRA	C	0.73%
OHI	C	0.69%
QLYS	D	0.67%
THC	C	0.66%
ACHC	D	0.65%
ARMK	B	0.62%
WING	C	0.58%
WEN	C	0.58%
TXRH	B	0.58%
LNW	F	0.54%
COKE	C	0.53%
DLB	D	0.52%
LAD	B	0.51%
UTHR	B	0.5%
ERIE	B	0.5%
AMKR	F	0.48%
EXEL	C	0.48%
TOL	A	0.47%
PAG	D	0.47%
POST	B	0.47%
TMHC	B	0.46%
KBH	C	0.46%
ILMN	D	0.45%
MTSI	C	0.45%
BRBR	B	0.45%
HALO	D	0.45%
CRUS	D	0.44%
AN	C	0.44%
SLAB	D	0.42%
IBKR	B	0.42%
RGEN	F	0.42%
PSTG	F	0.41%
SFM	B	0.4%
ONTO	C	0.4%
SRPT	F	0.4%
CYTK	F	0.39%
NVST	D	0.39%
PRGO	F	0.39%
GMED	D	0.39%
CVLT	B	0.38%
LSCC	D	0.38%
PRI	B	0.38%
JAZZ	D	0.38%
POWI	F	0.37%
UNM	B	0.37%
MANH	B	0.37%
LIVN	D	0.36%
DUOL	C	0.36%
ALGM	D	0.36%
MKSI	F	0.36%
FNF	B	0.35%
PCTY	D	0.35%
WEX	C	0.35%
SYNA	D	0.35%
ENOV	F	0.35%
GHC	B	0.35%
MTG	B	0.34%
PPC	D	0.34%
CAR	D	0.34%
DBX	C	0.34%
HRB	C	0.34%
NBIX	F	0.34%
BURL	C	0.33%
INGR	B	0.33%
USFD	C	0.33%
HAE	D	0.33%
MIDD	C	0.33%
CPRI	D	0.33%
AZTA	F	0.33%
FAF	B	0.33%
BMRN	F	0.33%
PFGC	B	0.32%
ESNT	B	0.32%
ESAB	C	0.32%
TGNA	C	0.32%
BLKB	C	0.32%
FHI	B	0.32%
JHG	B	0.32%
NXST	D	0.31%
MEDP	F	0.31%
ARWR	F	0.31%
MORN	C	0.31%
TKO	A	0.31%
RMBS	F	0.3%
JWN	C	0.3%
NYT	B	0.3%
RGA	C	0.3%
LECO	D	0.29%
CRI	D	0.29%
LOPE	D	0.29%
SEIC	B	0.29%
APPF	C	0.29%
MMS	B	0.29%
SAM	D	0.28%
TEX	F	0.28%
FLO	C	0.28%
ALTR	C	0.28%
DAR	F	0.28%
NWE	A	0.27%
PNM	B	0.27%
IDA	B	0.27%
WMG	D	0.27%
COLM	C	0.27%
OGE	B	0.27%
MSA	D	0.27%
DKS	D	0.27%
WU	C	0.27%
AGCO	D	0.26%
TDC	D	0.26%
BJ	D	0.26%
HQY	C	0.26%
ST	D	0.26%
POR	B	0.26%
EEFT	F	0.26%
OSK	F	0.26%
SLM	C	0.26%
TTC	F	0.25%
OGS	B	0.25%
OPCH	C	0.25%
SKX	C	0.25%
EHC	B	0.25%
LANC	F	0.25%
NSP	F	0.25%
CROX	C	0.25%
PVH	D	0.24%
AYI	B	0.24%
PLNT	C	0.24%
OLLI	C	0.24%
SHC	C	0.24%
VNT	F	0.24%
ORA	B	0.24%
CGNX	F	0.24%
DTM	C	0.24%
ALE	A	0.24%
BKH	B	0.24%
ZI	D	0.24%
THO	C	0.24%
HOG	C	0.24%
FIVE	D	0.23%
UGI	B	0.23%
GAP	F	0.23%
KEX	C	0.23%
NFG	B	0.23%
M	F	0.23%
RH	C	0.23%
SAIC	C	0.23%
IPGP	D	0.23%
SCI	C	0.23%
NJR	C	0.23%
G	C	0.23%
EXLS	B	0.23%
AMED	D	0.23%
ALLY	F	0.22%
CELH	F	0.22%
AM	B	0.22%
GME	D	0.22%
CASY	D	0.22%
CUBE	C	0.22%
PII	D	0.22%
JEF	C	0.22%
WSM	C	0.21%
MUSA	D	0.21%
RYAN	C	0.21%
WTRG	D	0.21%
CHE	C	0.21%
SWX	C	0.21%
LFUS	C	0.21%
ELS	D	0.21%
IRT	C	0.21%
THG	C	0.2%
ENS	C	0.2%
CNXC	F	0.2%
LNTH	D	0.2%
CLH	C	0.19%
MP	C	0.19%
ORI	B	0.19%
GNTX	D	0.19%
KNX	C	0.19%
CACI	B	0.19%
BCO	B	0.19%
PEN	D	0.19%
VC	F	0.19%
DINO	F	0.18%
LII	C	0.18%
GXO	D	0.18%
SRCL	B	0.18%
NVT	C	0.18%
LSTR	D	0.18%
SAIA	D	0.18%
RGLD	C	0.18%
XPO	D	0.18%
AVTR	C	0.18%
XRAY	D	0.18%
UAA	C	0.17%
WHR	C	0.17%
MAT	D	0.17%
AFG	C	0.17%
JLL	B	0.17%
CMC	D	0.17%
TPX	B	0.17%
KD	F	0.17%
EXPO	B	0.17%
ANF	D	0.17%
RS	D	0.17%
CHX	F	0.17%
FLR	D	0.17%
RBA	D	0.17%
R	C	0.17%
FIX	B	0.17%
HLI	C	0.17%
EVR	B	0.17%
BRKR	D	0.16%
RCM	C	0.16%
ELF	F	0.16%
EXP	B	0.16%
TTEK	C	0.16%
FCN	C	0.16%
NOV	F	0.16%
KNF	C	0.16%
ACM	B	0.16%
UA	C	0.16%
KNSL	D	0.16%
MTZ	C	0.16%
X	F	0.16%
RLI	B	0.16%
EME	B	0.15%
COHR	C	0.15%
PBF	F	0.15%
YETI	D	0.15%
FND	C	0.15%
AA	C	0.15%
NOVT	D	0.14%
KBR	D	0.14%
PCH	C	0.14%
MDU	B	0.14%
MAN	C	0.14%
UMBF	C	0.14%
LPX	B	0.14%
PGNY	F	0.14%
BDC	B	0.14%
ASGN	D	0.14%
GATX	D	0.14%
BYD	C	0.14%
MASI	C	0.14%
BLD	C	0.14%
GLPI	C	0.14%
NEOG	D	0.14%
VAL	F	0.13%
RYN	C	0.13%
CLF	F	0.13%
OLED	D	0.13%
WFRD	F	0.13%
CUZ	C	0.12%
WTFC	C	0.12%
CHDN	D	0.12%
TREX	F	0.12%
CBSH	D	0.12%
RPM	B	0.11%
AVNT	B	0.11%
CHH	B	0.11%
KRC	C	0.11%
DCI	C	0.1%
AAON	B	0.1%
PK	D	0.1%
TNL	C	0.1%
VSH	F	0.1%
GGG	C	0.1%
LEA	D	0.1%
AXTA	B	0.1%
WTS	C	0.1%
FLS	C	0.1%
CBT	B	0.1%
WH	B	0.1%
SSD	C	0.09%
CSL	B	0.09%
FR	C	0.09%
CNX	B	0.09%
HGV	F	0.09%
HXL	F	0.09%
RRX	C	0.09%
MTN	D	0.09%
HELE	D	0.09%
VMI	C	0.09%
ATR	B	0.09%
WLK	C	0.09%
ADNT	D	0.09%
VVV	D	0.09%
H	B	0.09%
WWD	C	0.08%
ARW	B	0.08%
BWXT	A	0.08%
BRX	C	0.08%
OC	C	0.08%
FFIN	C	0.08%
EGP	C	0.08%
WMS	D	0.08%
NEU	D	0.08%
AIT	B	0.08%
STAG	D	0.08%
MSM	D	0.08%
ALV	F	0.08%
VAC	D	0.08%
ITT	B	0.08%
CW	B	0.08%
COLB	B	0.08%
TKR	C	0.08%
REXR	C	0.08%
SSB	C	0.08%
TPL	C	0.08%
OLN	D	0.08%
WPC	C	0.08%
ASH	F	0.08%
OZK	F	0.07%
CACC	F	0.07%
PR	F	0.07%
ZION	D	0.07%
HOMB	D	0.07%
SNX	C	0.07%
UFPI	C	0.07%
SWN	C	0.07%
UBSI	D	0.07%
NNN	B	0.07%
EWBC	C	0.07%
CR	B	0.07%
AVT	B	0.07%
GBCI	C	0.07%
KRG	C	0.07%
GT	F	0.07%
CC	D	0.07%
LAMR	B	0.07%
PB	D	0.07%
CHRD	F	0.06%
CIVI	F	0.06%
CNM	F	0.06%
CCK	B	0.06%
AR	C	0.06%
BERY	B	0.06%
SLGN	B	0.06%
OVV	F	0.06%
RRC	D	0.06%
STWD	B	0.06%
FNB	D	0.06%
MUR	F	0.06%
CHK	C	0.06%
IBOC	D	0.06%
MTDR	F	0.06%
SON	D	0.05%
GEF	C	0.05%
GPK	C	0.05%
WOLF	F	0.04%
WSO	C	0.04%

SMDY Underweight 194 Positions Relative to PFF

Symbol	Grade	Weight
C	C	-1.66%
ALB	D	-1.19%
NEE	B	-1.14%
T	B	-0.93%
TBB	A	-0.81%
T	B	-0.67%
DUK	B	-0.63%
SOJD	B	-0.6%
TBC	A	-0.52%
RZC	C	-0.47%
SREA	A	-0.46%
JPM	D	-0.43%
NEE	B	-0.43%
SO	B	-0.41%
APO	B	-0.41%
CMSD	B	-0.39%
F	F	-0.38%
JXN	B	-0.37%
MET	B	-0.37%
CHSCO	B	-0.36%
LNC	C	-0.35%
PRS	B	-0.35%
SCHW	D	-0.34%
SYF	C	-0.33%
CHSCL	A	-0.33%
QRTEP	C	-0.33%
BANC	C	-0.32%
CHSCM	A	-0.32%
STT	B	-0.31%
DUKB	B	-0.31%
AXS	B	-0.31%
WFC	D	-0.3%
BPYPM	B	-0.3%
FITBI	B	-0.29%
UZE	B	-0.28%
SOJC	B	-0.28%
CTDD	C	-0.28%
BTSG	B	-0.28%
PFH	B	-0.27%
USM	C	-0.27%
CHSCN	B	-0.27%
CFG	D	-0.26%
MS	B	-0.26%
TPG	C	-0.26%
KKR	B	-0.26%
NLY	B	-0.26%
DTW	B	-0.25%
RZB	A	-0.25%
EAI	B	-0.24%
KEY	C	-0.24%
NTRS	C	-0.23%
CHSCP	C	-0.23%
TDS	B	-0.23%
FG	C	-0.23%
USB	C	-0.23%
PBI	C	-0.22%
RLJ	D	-0.21%
HIG	B	-0.21%
ATHS	A	-0.2%
PRU	C	-0.2%
FCNCA	D	-0.2%
AGNCN	B	-0.2%
NGL	D	-0.19%
MGR	A	-0.19%
UNMA	C	-0.19%
RF	B	-0.19%
ESGRP	F	-0.19%
ACGLO	B	-0.19%
UMH	C	-0.18%
ALL	C	-0.18%
WTFCP	A	-0.18%
KREF	C	-0.18%
GPJA	B	-0.17%
CMSC	B	-0.17%
NAVI	D	-0.16%
OZKAP	A	-0.16%
NRUC	B	-0.16%
WAL	B	-0.16%
MTB	C	-0.16%
TVC	B	-0.15%
GL	D	-0.15%
EMP	B	-0.15%
ELC	B	-0.15%
AL	C	-0.15%
SFB	B	-0.14%
HPP	F	-0.14%
AIZN	B	-0.14%
WAFD	D	-0.14%
FBRT	C	-0.14%
AGNC	B	-0.14%
CMSA	B	-0.13%
FITB	B	-0.13%
KIM	C	-0.13%
DDT	A	-0.13%
KMI	C	-0.13%
DLR	B	-0.12%
CMS	B	-0.12%
EIX	B	-0.12%
WRB	D	-0.12%
TVE	B	-0.12%
GS	B	-0.12%
SLMBP	B	-0.12%
SLG	C	-0.12%
DBRG	D	-0.12%
FCNCO	A	-0.12%
DTE	A	-0.12%
AUB	D	-0.11%
TFC	D	-0.11%
NYMTM	A	-0.11%
DHC	C	-0.11%
HBAN	B	-0.11%
LBRDP	B	-0.11%
AFGC	B	-0.11%
AHH	D	-0.1%
RITM	D	-0.1%
AFGE	C	-0.1%
SITC	D	-0.1%
SNCR	C	-0.1%
AGNCL	A	-0.09%
ARR	C	-0.09%
AFGD	A	-0.09%
BNRE	C	-0.09%
ZIONO	A	-0.09%
TRTX	D	-0.09%
SPLP	D	-0.09%
WSBC	D	-0.09%
FULT	D	-0.09%
HTLF	C	-0.08%
NYMTL	B	-0.08%
RILY	F	-0.08%
NMFC	F	-0.08%
TWO	C	-0.08%
QVCD	C	-0.08%
AFGB	A	-0.08%
MBIN	D	-0.08%
ARGD	B	-0.08%
WTFCM	A	-0.08%
LANDO	A	-0.08%
NYMTN	A	-0.08%
GAIN	A	-0.08%
FRT	C	-0.08%
CTVA	B	-0.08%
GPMT	D	-0.08%
BOH	D	-0.08%
CIM	C	-0.08%
IVR	C	-0.07%
RILYN	F	-0.07%
PCG	C	-0.07%
CLDT	D	-0.07%
PSEC	C	-0.07%
FTAI	B	-0.07%
BPOPM	B	-0.07%
GNL	D	-0.07%
SAR	C	-0.07%
ACR	C	-0.07%
CTO	D	-0.07%
MHNC	C	-0.07%
DCOMP	B	-0.07%
PSA	C	-0.07%
ABR	B	-0.07%
FCRX	A	-0.07%
ENO	B	-0.07%
NYCB	D	-0.07%
PMT	C	-0.07%
DRH	C	-0.07%
MSBI	D	-0.07%
MFA	C	-0.07%
REG	C	-0.07%
BW	D	-0.07%
EQC	D	-0.07%
NEWT	D	-0.07%
DX	B	-0.07%
TRIN	D	-0.07%
ATLC	C	-0.07%
VLYPP	B	-0.07%
RC	F	-0.06%
OPI	F	-0.06%
BFS	B	-0.06%
LXP	C	-0.06%
PEB	D	-0.06%
BAC	D	-0.06%
CNOB	C	-0.06%
EFC	C	-0.06%
CODI	C	-0.06%
VLYPO	A	-0.06%
COF	B	-0.06%
MHLA	C	-0.05%
FATBP	F	-0.05%
FOSL	D	-0.05%
INN	B	-0.05%
CIO	C	-0.05%
SHO	C	-0.05%
BHR	C	-0.03%
XELAP	F	-0.0%