SMDY vs. PPTY ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to PPTY U.S. Diversified Real Estate ETF (PPTY)

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

PPTY

PPTY U.S. Diversified Real Estate ETF

PPTY Description

The investment seeks to track the performance, before fees and expenses, of the PPTYX - U.S. Diversified Real Estate Index¿ (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2017 by the fund's index provider and an affiliate of the fund's sub-adviser, and uses a rules-based methodology to provide diversified exposure to the liquid U.S. real estate market.

Grade (RS Rating)

Last Trade

$34.22

Average Daily Volume

7,967

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	PPTY
30 Days	0.32%	2.49%
60 Days	0.23%	6.30%
90 Days	3.92%	13.79%
12 Months	21.05%	32.30%

22 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in PPTY	Overlap
ADC	C	0.08%	0.76%	0.08%
AMH	D	0.2%	2.38%	0.2%
BRX	C	0.08%	0.11%	0.08%
CHH	B	0.11%	0.43%	0.11%
CUBE	C	0.22%	0.31%	0.22%
CUZ	C	0.12%	1.43%	0.12%
EGP	C	0.08%	1.4%	0.08%
ELS	D	0.21%	0.75%	0.21%
FR	C	0.09%	1.02%	0.09%
H	B	0.09%	0.63%	0.09%
IRT	C	0.21%	1.68%	0.21%
KRC	C	0.11%	0.1%	0.1%
KRG	C	0.07%	0.78%	0.07%
NNN	B	0.07%	0.1%	0.07%
NSA	C	0.22%	0.26%	0.22%
OHI	C	0.69%	0.72%	0.69%
REXR	C	0.08%	0.1%	0.08%
SBRA	C	0.73%	0.44%	0.44%
STAG	D	0.08%	1.66%	0.08%
VNO	B	0.14%	0.12%	0.12%
WH	B	0.1%	0.45%	0.1%
WPC	C	0.08%	1.24%	0.08%

SMDY Overweight 369 Positions Relative to PPTY

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%
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%
SF	B	0.43%
WBS	C	0.43%
SLAB	D	0.42%
IBKR	B	0.42%
RGEN	F	0.42%
PSTG	F	0.41%
CNO	C	0.41%
SFM	B	0.4%
ONTO	C	0.4%
SRPT	F	0.4%
CYTK	F	0.39%
ASB	D	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%
KMPR	D	0.34%
MTG	B	0.34%
RNR	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%
BHF	F	0.33%
AZTA	F	0.33%
FAF	B	0.33%
AMG	C	0.33%
BMRN	F	0.33%
EQH	C	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%
VOYA	B	0.3%
JWN	C	0.3%
NYT	B	0.3%
RGA	C	0.3%
CG	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%
BC	C	0.23%
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%
SR	B	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%
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%
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%
SIGI	D	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%
TCBI	C	0.13%
VAL	F	0.13%
RYN	C	0.13%
CLF	F	0.13%
OLED	D	0.13%
WFRD	F	0.13%
CFR	C	0.12%
WTFC	C	0.12%
CHDN	D	0.12%
HWC	D	0.12%
TREX	F	0.12%
CBSH	D	0.12%
RPM	B	0.11%
AVNT	B	0.11%
FHN	D	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%
RBC	B	0.1%
FLS	C	0.1%
CBT	B	0.1%
SSD	C	0.09%
CSL	B	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%
WWD	C	0.08%
ARW	B	0.08%
BWXT	A	0.08%
OC	C	0.08%
FFIN	C	0.08%
VLY	D	0.08%
WMS	D	0.08%
NEU	D	0.08%
AIT	B	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%
GTLS	F	0.08%
TKR	C	0.08%
SSB	C	0.08%
TPL	C	0.08%
OLN	D	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%
ONB	D	0.07%
SNX	C	0.07%
CADE	C	0.07%
UFPI	C	0.07%
SWN	C	0.07%
UBSI	D	0.07%
SNV	D	0.07%
EWBC	C	0.07%
CR	B	0.07%
AVT	B	0.07%
GBCI	C	0.07%
GT	F	0.07%
CC	D	0.07%
EPR	C	0.07%
LAMR	B	0.07%
PB	D	0.07%
PNFP	C	0.07%
CHRD	F	0.06%
CIVI	F	0.06%
CNM	F	0.06%
CCK	B	0.06%
WCC	C	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 68 Positions Relative to PPTY

Symbol	Grade	Weight
EQIX	B	-4.08%
AVB	C	-4.01%
ARE	C	-3.89%
PLD	C	-3.84%
FCPT	C	-3.63%
DLR	B	-3.42%
EQR	C	-2.98%
DEA	D	-2.65%
SPG	B	-2.59%
WELL	C	-2.53%
HIW	C	-2.43%
TRNO	D	-2.23%
UDR	C	-2.1%
ESS	C	-2.04%
MAR	B	-1.91%
MAA	C	-1.9%
COLD	D	-1.81%
REG	C	-1.7%
HLT	B	-1.58%
FRT	C	-1.5%
CPT	C	-1.49%
IIPR	B	-1.44%
AAT	C	-1.41%
KIM	C	-1.35%
VTR	C	-1.33%
ESRT	C	-1.3%
SLG	C	-1.2%
AKR	B	-1.15%
SUI	C	-1.05%
EQC	D	-1.0%
SKT	B	-0.97%
BXP	C	-0.92%
PSA	C	-0.91%
INVH	D	-0.87%
PECO	C	-0.78%
GTY	C	-0.77%
DOC	B	-0.74%
EXR	C	-0.66%
HST	D	-0.62%
O	B	-0.55%
DEI	B	-0.52%
RHP	C	-0.48%
DBRG	D	-0.44%
NHI	C	-0.44%
CTRE	C	-0.43%
NTST	D	-0.41%
APLE	C	-0.37%
CSR	D	-0.36%
IVT	D	-0.34%
LTC	C	-0.33%
SHO	C	-0.33%
NHC	D	-0.3%
UMH	C	-0.28%
AHH	D	-0.26%
ALEX	C	-0.19%
ROIC	C	-0.17%
CHCT	F	-0.16%
BNL	B	-0.11%
BFS	B	-0.1%
GMRE	C	-0.1%
DRH	C	-0.1%
UE	C	-0.1%
JBGS	C	-0.1%
EPRT	B	-0.1%
PLYM	D	-0.09%
LXP	C	-0.09%
XHR	B	-0.09%
AIV	C	-0.09%