SSPY

Syntax Stratified LargeCap ETF

The Stratified Weight version of the S&P 500®.

sspy index

Overview

Fund Snapshot

As of Aug 19, 2019

NAV $46.51
Market Price $46.59
Premium/Discount 0.17%

About SSPY

Seeks to provide investment results that, before expenses, track the performance of the Syntax Stratified LargeCap Index
Same stocks as the S&P 500®, providing access to constituents that are the leading proxy for the market
Reweighted to diversify related business risk and provide a more balanced exposure than cap-weighting

Key Facts

Fund Details

As of Jul 31, 2019

Net Assets $53,862,250.54
Ticker SSPY
Asset Class Equity
Exchange NYSE Arca
CUSIP 87166N106
Fund Inception Date Jan 1, 2015
Gross Expense Ratio 0.45
Net Expense Ratio* 0.30

Index Details

As of Jul 31, 2019

Index Name Syntax Stratified LargeCap Index
Index Ticker SYLC
Index Provider Syntax, LLC
Weighting Method Stratified Weight
Rebalance Quarterly
Currency USD
Inception Date Dec 27, 2016
Number of Holdings 505

Performance

Month End Returns

As of Jul 31, 2019

Name MTD QTD YTD 1y 3y Incept.
NAV(%) 1.00 1.00 19.81 6.80 11.62 9.37
Market Price (%) 1.16 1.16 20.02 - - -

Quarter End Returns

As of Jun 30, 2019

Name QTD YTD 1y 3y Incept.
NAV(%) 3.44 18.63 8.97 12.78 9.31
Market Price (%) 3.42 18.64 - - -

Calendar Year

As of Dec 31, 2018

Name 2015 2016 2017 2018
NAV(%) -1.44 14.11 19.73 -6.57
Market Price (%) - - - -

Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here. Performance data current to the most recent month end is available by calling (866) 972-4492. *The Adviser has contractually agreed to waive and/or reimburse certain fees/expenses until May 1, 2020. Performance would have been lower without fee waivers/expense reimbursements in effect.

A privately offered fund managed by Syntax Advisors, LLC was reorganized into the ETF as of January 2, 2019 upon commencement of the ETF operations. For periods prior to the commencement of ETF operations, the fund’s performance is that of the private fund. The Fund’s NAV price as of January 2, 2019 was used in calculating market price performance for January 2 and January 3, prior to prior to the fund first trading on the New York Stock Exchange on January 4, 2019.

The returns were calculated using the methodology the SEC requires of registered funds. However, since the private fund did not calculate its returns on a per share basis, its returns have been calculated on its total net asset value. While the performance of the private fund is net of all fees and expenses, the performance of the private fund has not been restated to reflect the management and fee waivers applicable to the Fund. The Fund may be subject to higher fees which would negatively impact performance. The private fund began operations on January 1, 2015 and, on January 2, 2019, was reorganized into the Fund. Prior to the reorganization, the private fund had investment objectives, policies and strategies that were, in all material respects, the same as those of the Fund, and was managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. However, as a registered investment company, the Fund is subject to certain restrictions under the Investment Company Act of 1940 (the “1940 Act”) and the Internal Revenue Code of 1986 (the “Internal Revenue Code”) which did not apply to the private fund. If the private fund had been subject to the provisions of the 1940 Act and the Internal Revenue Code, its performance could have been adversely affected. However, these restrictions are not expected to have a material effect on the Fund’s investment performance.

Premium/Discount

Number of Days At

Premium 38
NAV 7
Discount 18

Premium/Discount Range

Number of Days At

Premium 38
NAV 7
Discount 18

Premium/Discount Range

Information presented here is historical and is not indicative of future results. Investment premiums or discounts may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above.

The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund’s net asset value. The vertical axis of the chart shows the premium or discount expressed as a percentage of NAV. The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Holdings

Top 10

As of Aug 19, 2019

View All Holdings
Ticker Name Weight(%) Shares Market Value
MCD MCDONALD S CORP 0.83 2,110 $461,625.80
YUM YUM BRANDS INC 0.82 3,946 $459,551.16
COST COSTCO WHOLESALE CORP 0.82 1,667 $459,441.87
WMT WALMART INC 0.81 3,973 $452,167.13
SYY SYSCO CORP 0.79 5,994 $441,158.40
CVS CVS HEALTH CORP 0.78 7,111 $436,544.29
CVX CHEVRON CORP 0.75 3,587 $420,790.97
ANSS ANSYS INC 0.75 1,955 $416,395.45
KR KROGER CO 0.74 17,854 $410,463.46
XOM EXXON MOBIL CORP 0.73 5,830 $404,893.50

Holdings are subject to change.

How to Buy

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