ETF Performance

Syntax Stratified LargeCap ETF | SSPY

Ticker Symbol: SSPY

Fund Inception Date: 01/01/2015

Gross Expense Ratio: 0.45%

Net Expense Ratio*: 0.30%

MONTHLY End Returns

As of August 31, 2023

	MTD	QTD	YTD	1y	3y	5y	Incept.
SSPY NAV (%)	-2.85	0.61	7.53	9.68	12.91	9.62	10.04
SSPY Market Price (%)	-2.72	0.56	7.69	9.57	12.91	-	-

QUARTER End Returns

As of June 30, 2023

	QTD	YTD	1y	3y	5y	Incept.
SSPY NAV (%)	3.76	6.88	14.01	16.00	10.71	10.18
SSPY Market Price (%)	3.90	7.10	14.41	15.99	-	-
Syntax Stratified LargeCap Index (TR) (%)	3.86	7.06	14.38	16.42	11.00	-
S&P 500 Index (%)	8.74	16.89	19.59	14.60	12.31	11.57
S&P 500 Equal Weight Index (%)	3.99	7.03	13.76	15.82	10.21	9.77

Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, please visit www.syntaxadvisors.com, call (866) 972-4492, or download a prospectus now, or talk to your financial advisor. Read it carefully before investing.

The Fund is subject to certain other risks, including but not limited to, equity securities risk, large-capitalization risk, index tracking risk, passive strategy/index risk, and market trading risk. Investing involves risk, including possible loss of principal.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Investors may purchase or sell individual shares on an exchange on which they are listed. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Please see the prospectus for more details.

The Syntax Stratified LargeCap Index™ is the property of Syntax, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third-party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Syntax, LLC, the parent company of Syntax Advisors, LLC. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).

The Syntax Stratified LargeCap Index™ is the property of Syntax, LLC, the Fund’s index provider. Syntax®, Stratified®, Stratified Indices®, Stratified Weight™, and FIS™ are trademarks or registered trademarks of Locus LP. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Foreside Fund Services, LLC is the distributor of the Syntax ETF Trust, and not affiliated with Syntax Advisors, LLC.
FINRA’s brokercheck

Syntax Stratified MidCap ETF | SMDY

Ticker Symbol: SMDY

Fund Inception Date: 01/01/2015

Gross Expense Ratio: 0.45%

Net Expense Ratio*: 0.35%

MONTHLY End Returns

As of August 31, 2023

	MTD	QTD	YTD	1y	3y	5y	Incept.
SMDY NAV (%)	-3.34	0.44	10.39	11.71	12.47	6.95	8.72
SMDY Market Price (%)	-3.26	0.36	10.45	11.64	12.42	-	-

QUARTER End Returns

As of June 30, 2023

	QTD	YTD	1y	3y	5y	Incept.
SMDY NAV (%)	4.85	9.92	17.62	15.26	8.13	8.85
SMDY Market Price (%)	4.96	10.05	18.04	15.28	-	-
Syntax Stratified MidCap Index (TR) (%)	4.98	10.18	18.10	15.79	8.56	-
S&P 400 Index (%)	4.85	8.84	17.61	15.44	7.79	8.92
S&P 400 Equal Weight Index (%)	4.82	9.45	18.00	17.91	8.28	8.94

Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, please visit www.syntaxadvisors.com, call (866) 972-4492, or download a prospectus now, or talk to your financial advisor. Read it carefully before investing.

The Fund is subject to certain other risks, including but not limited to, equity securities risk, small- and mid-capitalization risk, index tracking risk, passive strategy/index risk, and market trading risk. Investing involves risk, including possible loss of principal.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Investors may purchase or sell individual shares on an exchange on which they are listed. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Please see the prospectus for more details.

The Syntax Stratified MidCap Index™ is the property of Syntax, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third-party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Syntax, LLC, the parent company of Syntax Advisors, LLC. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).

The Syntax Stratified MidCap Index™ is the property of Syntax, LLC, the Fund’s index provider. Syntax®, Stratified®, Stratified Indices®, Stratified Weight™, and FIS™ are trademarks or registered trademarks of Locus LP. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Foreside Fund Services, LLC is the distributor of the Syntax ETF Trust, and not affiliated with Syntax Advisors, LLC.
FINRA’s brokercheck

Syntax Stratified SmallCap ETF | SSLY

Ticker Symbol: SSLY

Fund Inception Date: 05/28/2020

Gross Expense Ratio: 0.45%

Net Expense Ratio*: 0.40%

MONTHLY End Returns

As of August 31, 2023

	MTD	QTD	YTD	1y	3y	5y	Incept.
SSLY NAV (%)	-5.14	-0.82	5.49	2.53	10.87	-	14.70
SSLY Market Price (%)	-5.04	-0.86	5.52	2.50	10.85	-	14.70

QUARTER End Returns

As of June 30, 2023

	QTD	YTD	1y	3y	5y	Incept.
SSLY NAV (%)	2.56	6.37	8.97	14.70	-	15.87
SSLY Market Price (%)	2.64	6.43	9.37	14.75	-	15.89
Syntax Stratified SmallCap Index (TR) (%)	2.71	6.63	9.45	15.60	-	16.85
S&P 600 Index (%)	3.38	6.03	9.75	15.19	-	15.69
S&P 600 Equal Weight Index (%)	1.93	4.00	7.05	17.19	-	18.34

Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, please visit www.syntaxadvisors.com, call (866) 972-4492, or talk to your financial advisor. Read it carefully before investing.

The Fund is subject to certain other risks, including but not limited to, equity securities risk, small-capitalization risk, index tracking risk, passive strategy/index risk, and market trading risk. Investing involves risk, including possible loss of principal.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Investors may purchase or sell individual shares on an exchange on which they are listed. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Please see the prospectus for more details.

The Syntax Stratified SmallCap Index™ is the property of Syntax, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third-party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Syntax, LLC, the parent company of Syntax Advisors, LLC. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).

The Syntax Stratified SmallCap Index™ is the property of Syntax, LLC, the Fund’s index provider. Syntax®, Stratified®, Stratified Indices®, Stratified Weight™, and FIS™ are trademarks or registered trademarks of Locus LP. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Foreside Fund Services, LLC is the distributor of the Syntax ETF Trust, and not affiliated with Syntax Advisors, LLC.
FINRA’s brokercheck

Syntax Stratified U.S. Total Market ETF | SYUS

Ticker Symbol: SYUS

Fund Inception Date: 03/18/2021

Gross Expense Ratio: 1.06%

Net Expense Ratio*: 0.35%

MONTHLY End Returns

As of August 31, 2023

	MTD	QTD	YTD	1y	3y	5y	Incept.
SYUS NAV (%)	-2.89	0.47	7.82	9.35	-	-	4.62
SYUS Market Price (%)	-2.89	0.46	7.81	9.32	-	-	4.61

QUARTER End Returns

As of June 30, 2023

	QTD	YTD	1y	3y	5y	Incept.
SYUS NAV (%)	3.92	7.32	14.42	-	-	4.75
SYUS Market Price (%)	3.90	7.32	14.41	-	-	4.75
S&P 1500 Index (%)	8.39	16.15	19.24	-	-	6.79

Investing in securities of small and mid-sized companies may involve greater volatility than investing in larger and more established companies.

Certain investments may be subject to restrictions on resale, trade over-the-counter or in limited volume, or lack an active trading market.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Investors may purchase or sell individual shares on an exchange on which they are listed. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Please see the prospectus for more details.

The S&P Composite 1500® combines three leading indices, the S&P 500®, the S&P MidCap 400®, and the S&P SmallCap 600®, to cover approximately 90% of U.S. market capitalization. Investors seeking to replicate the performance of the US equity market or benchmark against a representative universe of investable stocks may want to consider this fund.

Syntax®, Stratified®, Stratified Indices®, Stratified Weight™, and FIS™ are trademarks or registered trademarks of Locus LP. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Foreside Fund Services, LLC is the distributor of the Syntax ETF Trust, and not affiliated with Syntax Advisors, LLC.
FINRA’s brokercheck

Syntax Stratified U.S. Total Market Hedged ETF | SHUS

Ticker Symbol: SHUS

Fund Inception Date: 06/15/2021

Gross Expense Ratio: 1.30%

Net Expense Ratio*: 0.65%

MONTHLY End Returns

As of August 31, 2023

	MTD	QTD	YTD	1y	3y	5y	Incept.
SHUS NAV (%)	-2.93	0.17	2.30	6.56	-	-	0.98
SHUS Market Price (%)	-2.78	0.43	2.07	6.97	-	-	0.98

QUARTER End Returns

As of June 30, 2023

	QTD	YTD	1y	3y	5y	Incept.
SHUS NAV (%)	1.97	2.12	7.49	-	-	0.98
SHUS Market Price (%)	1.73	1.63	7.89	-	-	0.85
S&P 1500 Index (%)	8.39	16.15	19.24	-	-	3.46

Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other important information, please visit www.syntaxadvisors.com, call (866) 972-4492, or download a prospectus now, or talk to your financial advisor. Read it carefully before investing.

Investing involves risk, including possible loss of principal. The Fund is actively managed using a proprietary process, and there can be no guarantee that the Fund's investment strategies will be successful. The Fund may invest in Underlying Funds or Securities that are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively-managed fund, which typically seeks to outperform a benchmark index. Maintaining investments in securities regardless of their individual performance or market conditions could negatively affect the Fund's return. The Fund is new and has no operating history. As a result, investors have a limited track record on which to base their investment decision. The Fund is subject to certain other risks, including but not limited to, equity securities risk, large-, mid-, and small-capitalization risk, and market trading risk.

Investing in securities of small and mid-sized companies may involve greater volatility than investing in larger and more established companies.

Certain investments may be subject to restrictions on resale, trade over-the-counter or in limited volume, or lack an active trading market.

Purchased put options may expire worthless and may have imperfect correlation to the value of the Fund’s sector based investments. Written call and put options may limit the Fund’s participation in equity market gains and may amplify losses in market declines. The Fund’s losses are potentially large in a written put or call transaction. If unhedged, written calls expose the Fund to potentially unlimited losses. The Fund invests in derivatives. Derivatives are financial instruments that derive their performance from an underlying reference asset, such as an index. The return on a derivative instrument may not correlate with the return of its underlying reference asset. Derivatives can be volatile and may be less liquid than other securities.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Investors may purchase or sell individual shares on an exchange on which they are listed. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Please see the prospectus for more details.

The S&P Composite 1500® combines three leading indices, the S&P 500®, the S&P MidCap 400®, and the S&P SmallCap 600®, to cover approximately 90% of U.S. market capitalization. Investors seeking to replicate the performance of the US equity market or benchmark against a representative universe of investable stocks may want to consider this fund.

Syntax®, Stratified®, Stratified Indices®, Stratified Weight™, and FIS™ are trademarks or registered trademarks of Locus LP. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Foreside Fund Services, LLC is the distributor of the Syntax ETF Trust, and not affiliated with Syntax Advisors, LLC.
FINRA’s brokercheck

Syntax Stratified Total Market II ETF | SYII

Ticker Symbol: SYII

Fund Inception Date: 06/14/2022

Gross Expense Ratio: 1.06%

Net Expense Ratio*: 0.35%

MONTHLY End Returns

As of August 31, 2023

	MTD	QTD	YTD	1y	3y	5y	Incept.
SYII NAV (%)	-2.89	0.47	7.83	9.31	-	-	13.59
SYII Market Price (%)	-2.84	0.52	7.84	9.36	-	-	13.64

QUARTER End Returns

As of June 30, 2023

	QTD	YTD	1y	3y	5y	Incept.
SYII NAV (%)	3.92	7.32	14.38	-	-	15.44
SYII Market Price (%)	3.91	7.29	14.31	-	-	15.45
S&P 1500 Index (%)	8.39	16.15	19.24	-	-	19.71

Investing involves risk, including possible loss of principal. The Fund is actively managed using a proprietary process, and there can be no guarantee that the Fund's investment strategies will be successful. The Fund may invest in Underlying Funds or Securities that are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively-managed fund, which typically seeks to outperform a benchmark index. Maintaining investments in securities regardless of their individual performance or market conditions could negatively affect the Fund's return. Liquidity risk exists when particular investments are difficult to purchase or sell. Certain investments may be subject to restrictions on resale, trade over-the-counter or in limited volume, or lack an active trading market. The Fund is a new fund. As a new Fund, there can be no assurance that it will grow to or maintain an economically viable size, which may cause it to experience greater tracking error to the Index than it otherwise would at a higher asset level, nor can there be assurance regarding Fund performance; either factor may also cause the Fund to liquidate. The Fund has no operating history. As a result, investors have a limited track record on which to base their investment decision.

Investing in securities of small and mid-sized companies may involve greater volatility than investing in larger and more established companies.

Certain investments may be subject to restrictions on resale, trade over-the-counter or in limited volume, or lack an active trading market.