shus indicatorshus indicator

Syntax Stratified

U.S. Total Market Hedged

shus index

About SHUS

The Fund seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 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. Using the Stratified Defined Risk Strategy, the fund combines Syntax’s Stratified Weight Methodology with the Defined Risk Strategy of Swan Global Investments, LLC.

The Defined Risk Strategy

The Fund seeks to reduce market risk by buying S&P 500 Index put options to limit overall portfolio downside loss. In an effort to generate additional returns, the Fund will also buy and sell options on equity indices including different expiration dates and engage in various option spread strategies. Each option strategy includes a hedging element so that the Fund is not exposed to significant losses on written options.

Fund Snapshot

As of June 23, 2022

NAV $37.92
Market Price $38.03
Premium/Discount 0.29%
Rolling 30 Day Bid/Ask 0.25%

Fund Details

As of May 31, 2022

Net Assets $45,359,141.75
Ticker SHUS
CUSIP 87166N502
Asset Class Equity
Listing Exchange NYSE Arca
Fund Inception Date June 15, 2021
Gross Expense Ratio 1.30
Net Expense Ratio* 0.65
Ticker Name Weight (%) Shares Market Value
SSPY SYNTAX STRATIFIED LARGECAP ETF 69.65 478,711 $29,053,401.43
SPYX152345500.U SPDR S+P 500 ETF TRUST DEC23 455 PUT 17.54 87,600 $7,317,228.00
SMDY SYNTAX STRATIFIED MIDCAP ETF 8.17 102,678 $3,406,250.24
SSLY SYNTAX STRATIFIED SMALLCAP ETF 4.10 42,665 $1,710,896.37
SPYL152351500.U SPDR S+P 500 ETF TRUST DEC23 515 CALL 0.49 43,800 $204,546.00
US DOLLAR 0.24 99,469 $99,469.98
NET OTHER ASSETS -0.02 1 -$10,392.34
SPYL152357500.U SPDR S+P 500 ETF TRUST DEC23 575 CALL -0.16 -43,800 -$68,328.00

Holdings are subject to change.

MONTHLY End Returns

As of May 31, 2022

MTD QTD YTD 1y 3y 5y Incept.
NAV (%) 0.59 -2.13 -4.70 - - - -1.32
Market Price (%) 1.52 -2.24 -4.93 - - - -1.54

QUARTER End Returns

As of March 31, 2022

QTD YTD 1y 3y 5y Incept.
NAV (%) -2.63 -2.63 - - - 0.82
Market Price (%) -2.75 -2.75 - - - 0.71

Premium Discount

Calendar Year 2021
Days traded at premium 77 35
Days traded at discount 49 24