Syntax Stratified

Total Market II

SYII

About SYII

The Syntax Stratified Total Market II ETF (the “Fund”) seeks to obtain capital growth that exceeds the performance of the S&P Composite 1500® Index (the “1500 Index”) over a full market cycle by investing in exchange-traded funds or underlying securities that provide Stratified Weight™ U.S. total equity market exposure to companies in the 1500 Index.

Compared to capitalization weighted indexes, the Stratified approach may provide the following potential advantages:

Reduce the negative impact of a significant correction in an overweight sector
Increase the chance of participating in all sectors during a market rally
Capture a fuller range of market opportunities

Fund Snapshot

As of September 20, 2023

NAV	$41.49
Market Price	$41.52
Premium/Discount	0.07%
Rolling 30 Day Bid/Ask	0.29%

Fund Details

As of August 31, 2023

Net Assets	$7,430,395.24
Ticker	SYII
CUSIP	87166N700
Asset Class	Equity
Listing Exchange	NYSE Arca
Fund Inception Date	June 14, 2022
Gross Expense Ratio	1.06
Net Expense Ratio*	0.35

Top 10 Holdings

As of

View All Holdings

Ticker	Name	Weight (%)	Shares	Market Value
SSPY	SYNTAX STRATIFIED LARGECAP ETF	84.98	91,788	$6,079,550.64
SMDY	SYNTAX STRATIFIED MIDCAP ETF	9.98	19,330	$713,669.40
SSLY	SYNTAX STRATIFIED SMALLCAP ETF	4.99	8,882	$357,082.16
	US DOLLAR	0.05	3,658	$3,658.42
	NET OTHER ASSETS	0.00	1	-$170.51

Holdings are subject to change.

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

CALENDAR YEAR Returns

As of December 31, 2022

	2022**
SYII NAV (%)	8.29
SYII Market Price (%)	8.33

**Represents the return for the period from the inception date of June 14, 2022 through December 31, 2022. Returns for periods less than a year are not annualized.

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, 2024, and the Total Annual Fund Operating Expenses do not exceed 0.35%. Performance would have been lower without fee waivers/expense reimbursements in effect. Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.

Premium Discount

Calendar Year 2022

Days traded at premium	57	4
Days traded at discount	13	11

Premium and Discount Line Graph

DOWNLOAD

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.

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.

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