Stratified LargeCap Hedged ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 4 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About SHUS
The Fund is an actively managed exchange-traded fund(“ETF”) that invests in a portfolio of equity securities, including common stocks and/or ETFs, that tracks a benchmark index(the “Syntax Stratified LargeCap Index” (the “Index”)) while also employing risk management strategies to limitdownside risk and generate additional returns. The Index utilizes all of the same constituents as the S&P 500 Index but weights themaccording to Syntax LLC’s (“Syntax” or the “Index Provider”) proprietary Stratified WeightTMmethodology. The Fund may obtain investment exposure to the Index by investing in one or more ETFs designed to track the performance ofthe Index. The ETFs in which the Fund invests seek to provide investment results that, before expenses, correspond generally to the totalreturn performance of publicly traded equity securities of companies comprising the Index. Under normal circumstances, the Fund investsat least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the securities of large capitalization companies.The Fund defines large capitalization companies as those that, at the time of investment, are constituents of the S&P 500 Index. Whenapplying this 80% investment policy, the Fund will count direct investments in equity securities of large capitalization companies andinvestments in ETFs that provide exposure to large capitalization companies. Syntax’s Stratified-WeightTM is theweighting methodology by which Syntax diversifies an index’s constituent companies that share “Related Business Risks.”Related Business Risk occurs when two or more companies provide similar products and/or services or share economic relationships suchas having common suppliers, customers or competitors. The process of identifying, grouping, and diversifying holdings across Related BusinessRisk groups within an index is called stratification, and was designed by Syntax to seek to correct for business risk concentrations thatregularly occur in capitalization-weighted indices and equal-weighted indices. To achieve a stratified weight exposure, the Indexreclassifies the constituents of the underlying index according to their “Related Business Risks” by following the SyntaxFIS Sector Taxonomy (“SFST”) to determine industry classification, which utilizes Syntax’s proprietary Functional InformationSystem (FIS®) technology to capture the attributes of a company's business models and its underlying product lines. SFSTpresents classification as a series of descending tiers (i.e. by Sector, Sub-Sector, Industry, Sub-Industry, and Business Activities andIndividual Product Lines). Each of the eight primary Sectors of the Index (Consumer Products & Services; Energy; Financials; Food;Industrials; Information; Information Tools; and Healthcare) has a target starting weight at each rebalance of one eighth of the index,or 12.5%. Each descending level of the SFST tiers then equallydivides its allocated weight across each group within that tier (e.g., equally across each Sub-Sector within a Sector, or equally acrosseach Industry within a Sub-Sector), and this process is repeated until the bottom level tier is reached and the assigned weight is dividedequally across all the constituents of the final group in that tier. Because each descending tier may have a different number of groupsand final constituent securities, the resulting constituent weights may differ significantly from an equally-weighted index. The Fund may gain exposure to the Index through investmentsin the equity securities comprising the Index or through investments in ETFs that seek to track the performance of the Index. To the extentthat the Fund derives exposure to the Index through direct investments in the Index’s constituents, Exchange Traded Concepts, LLC(the “Adviser”) generally will use a replication methodology, meaning it will invest the Fund’s equity portfolio inall of the securities comprising the Index in proportion to their respective weightings in the Index. However, the Adviser may utilizea sampling methodology under various circumstances, including when it may not be possible or practicable to purchase all of the securitiesin the Index and given the number of constituents of the Index. To the extent that the Fund derives exposure to theIndex through investments in an ETF that seeks to track the Index, the Fund will invest significantly in the Stratified LargeCap IndexETF (“SSPY”). SSPY seeks to provide investment results that, before expenses, correspond generally to the total return performanceof publicly traded equity securities of companies comprising the Index. The Adviser to the Fund also serves as the investment adviserto SSPY. Under normal market conditions, SSPY invests at least 80% of its total assets in the securities comprising the Index. From timeto time, SSPY may invest in and hold securities that are not included in the Index when the investment adviser believes such securitieswill help SSPY to achieve its investment objective. SSPY may invest up to 20% of its assets in investments that are not included in theIndex, but that the investment adviser believes will help SSPY track the performance of the Index. Additional information regarding SSPY,including its prospectus and most recent annual report, is available without charge by visiting www.stratifiedfunds.com/sspy. In addition to its equity holdings, the Fund willalso use option spread strategies in an effort to manage the risk of the Fund’s equity holdings to negative market movements andto obtain option premiums to offset the cost of the options. The Fund may protect against large losses by hedging the Fund’s equityexposure through purchases of protective put option spreads on indices or funds. An option spread is a strategy where the Fund holds along option and a short option, but with different prices or expirations. The Fund’s option spreads will include put and call optionspreads on equity market indices, futures options on equity market indices, or funds. These strategies may be used to seek additionalcash flow in the form of premiums from options sold by the Fund, contributing to the Fund’s total return, or when the Adviser believesthere is the potential for higher risk of loss in equity markets. In exchange for this income, the Fund’s total return may be reducedrelative to a portfolio consisting solely of equity securities in rising markets and may be enhanced relative to the same portfolio inflat or declining markets. The market value of the option strategy may be up to 20% of the Fund’s overall net asset value.
SHUS News
Data for SHUS is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.