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Trending ETFs

Syntax Stratified SmallCap ETF

ETF
SSLY
Payout Change
Pending
Price as of:
$45.0204 +1.1 +2.51%
primary theme
U.S. Small-Cap Blend Equity
SSLY (ETF)

Syntax Stratified SmallCap ETF

Payout Change
Pending
Price as of:
$45.0204 +1.1 +2.51%
primary theme
U.S. Small-Cap Blend Equity
SSLY (ETF)

Syntax Stratified SmallCap ETF

Payout Change
Pending
Price as of:
$45.0204 +1.1 +2.51%
primary theme
U.S. Small-Cap Blend Equity

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$45.02

$17.7 M

1.18%

$0.52

0.45%

Vitals

YTD Return

0.7%

1 yr return

11.5%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

N/A

Net Assets

$17.7 M

Holdings in Top 10

6.9%

52 WEEK LOW AND HIGH

$43.9
$36.80
$45.27

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 40.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$45.02

$17.7 M

1.18%

$0.52

0.45%

SSLY - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.87%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Syntax Stratified SmallCap ETF
  • Fund Family Name
    Syntax
  • Inception Date
    May 28, 2020
  • Shares Outstanding
    425000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Wolfe

Fund Description

The Fund seeks to track its performance to the Index. The Fund employs a replication strategy, which means that the Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. The Index, which was created by Syntax LLC (“Syntax” or the “Index Provider”), an affiliate of the Adviser, is the Stratified WeightTM version, as described below, of the broad-based S&P SmallCap 600 Index and holds the same constituents as the S&P SmallCap 600 Index. Although the S&P SmallCap 600 Index seeks to measure the small cap segment of the US equity market, it may include some constituent stocks of companies that may be considered small, medium and large capitalization companies. Under normal market conditions, the Fund invests substantially all, and at least 80% of its total assets in the securities comprising the Index. The Fund may from time to time own securities that are not included in the Index and may hold securities that are not in a stratified weight exposure if the Adviser deems it in the interest of the Fund.

Syntax’s Stratified-Weight™ is the weighting methodology by which Syntax diversifies its indices by hierarchically grouping and distributing the weight of 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 such as having common suppliers, customers or competitors. The process of identifying, grouping, and diversifying holdings across Related Business Risk groups within an index is called stratification, and was designed to correct for business risk concentrations that regularly occur in capitalization-weighted indices and equal-weighted indices. Capitalization weighting can cause an investor’s ownership to accumulate in the largest, most momentum-driven companies and industries, while equal weighting is intended to permit an investor’s ownership to accumulate in the industries that have the most company representatives in the index. Instead of concentrating in the largest companies or the most represented industries, Syntax diversifies (or stratifies) index weight across a fixed number of business risk groups in a manner designed to provide a diversified exposure to all of the business opportunities of an index. The Related Business Risk groups are: Consumer Products & Services; Energy; Financials; Food; Industrials; Information; Information Tools; and Healthcare.

Under normal market conditions, the Index rebalances quarterly, on the third Friday of each quarter-ending month, and will typically include 600 components allocated across the above-described Related Business Risk groups. The Index is reconstituted at the time the S&P SmallCap 600 Index does the same, which is conducted on an ongoing basis. The market capitalization of companies in the S&P SmallCap 600 Index as of December 31, 2022 was between $203 million and $6.2 billion. The assets in the Fund are managed by Vantage Consulting Group (the “Sub-Adviser”).

Please see the Additional Strategies Information section of the Prospectus for more information on the Syntax Stratified Weight methodology.

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SSLY - Performance

Return Ranking - Trailing

Period SSLY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -5.1% 23.8% 97.84%
1 Yr 11.5% -12.5% 56.1% 95.86%
3 Yr -1.5%* -8.5% 41.4% 92.65%
5 Yr N/A* -13.7% 32.2% 35.01%
10 Yr N/A* -3.0% 17.2% 55.58%

* Annualized

Return Ranking - Calendar

Period SSLY Return Category Return Low Category Return High Rank in Category (%)
2023 10.2% -49.6% 29.0% 70.02%
2022 -19.5% -59.3% 118.2% 38.20%
2021 16.7% -31.6% 39.3% 21.79%
2020 N/A -51.0% 39.5% N/A
2019 N/A -16.9% 37.8% N/A

Total Return Ranking - Trailing

Period SSLY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -5.1% 23.8% 97.84%
1 Yr 11.5% -12.5% 56.1% 95.86%
3 Yr -1.5%* -8.5% 41.4% 92.65%
5 Yr N/A* -13.7% 32.2% N/A
10 Yr N/A* -3.0% 17.2% N/A

* Annualized

Total Return Ranking - Calendar

Period SSLY Return Category Return Low Category Return High Rank in Category (%)
2023 11.6% -21.7% 31.8% 86.00%
2022 -18.6% -45.2% 123.7% 67.93%
2021 25.5% 0.0% 47.7% 36.26%
2020 N/A -50.5% 46.9% N/A
2019 N/A -12.6% 43.7% N/A

SSLY - Holdings

Concentration Analysis

SSLY Category Low Category High SSLY % Rank
Net Assets 17.7 M 480 K 118 B 97.54%
Number of Holdings 604 2 2519 19.82%
Net Assets in Top 10 1.24 M 104 K 9.83 B 99.12%
Weighting of Top 10 6.93% -2849.0% 100.5% 88.91%

Top 10 Holdings

  1. Tandem Diabetes Care Inc 0.90%
  2. Embecta Corp 0.78%
  3. Vericel Corp 0.77%
  4. Leslie's Inc 0.70%
  5. Harmonic Inc 0.68%
  6. ADTRAN Holdings Inc 0.66%
  7. Cerence Inc 0.63%
  8. Alarm.com Holdings Inc 0.62%
  9. Haverty Furniture Cos Inc 0.60%
  10. Plexus Corp 0.59%

Asset Allocation

Weighting Return Low Return High SSLY % Rank
Stocks
99.75% -565235.00% 107.11% 9.47%
Cash
0.25% 0.00% 565934.00% 88.77%
Preferred Stocks
0.00% 0.00% 7.53% 72.28%
Other
0.00% -598.74% 82.28% 77.02%
Convertible Bonds
0.00% 0.00% 3.17% 71.53%
Bonds
0.00% -2.00% 74.53% 72.46%

Stock Sector Breakdown

Weighting Return Low Return High SSLY % Rank
Technology
16.53% 0.00% 54.70% 22.87%
Consumer Cyclical
14.44% 0.99% 47.79% 9.93%
Healthcare
14.05% 0.00% 26.53% 42.38%
Financial Services
13.17% 0.00% 35.52% 86.88%
Industrials
12.69% 2.46% 37.42% 94.50%
Consumer Defense
7.21% 0.00% 18.87% 8.16%
Communication Services
5.72% 0.00% 14.85% 5.32%
Real Estate
5.31% 0.00% 29.43% 71.45%
Energy
3.96% 0.00% 37.72% 76.06%
Utilities
3.61% 0.00% 18.58% 18.79%
Basic Materials
3.32% 0.00% 18.66% 83.33%

Stock Geographic Breakdown

Weighting Return Low Return High SSLY % Rank
US
99.75% -565235.00% 107.11% 6.67%
Non US
0.00% 0.00% 94.14% 76.14%

SSLY - Expenses

Operational Fees

SSLY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 38.45% 86.42%
Management Fee 0.45% 0.00% 1.50% 20.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

SSLY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SSLY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SSLY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 1.00% 314.00% 44.15%

SSLY - Distributions

Dividend Yield Analysis

SSLY Category Low Category High SSLY % Rank
Dividend Yield 1.18% 0.00% 42.10% 40.70%

Dividend Distribution Analysis

SSLY Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Annual Annual

Net Income Ratio Analysis

SSLY Category Low Category High SSLY % Rank
Net Income Ratio 0.87% -2.40% 2.49% 16.31%

Capital Gain Distribution Analysis

SSLY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Distributions History

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SSLY - Fund Manager Analysis

Managers

James Wolfe


Start Date

Tenure

Tenure Rank

May 29, 2020

2.01

2.0%

Mr. Wolfe currently serves as portfolio manager. He has held a variety of positions since joining Vantage in 1988 including trader, operations manager, and systems developer specializing in quantitative modeling, and he is currently head trader. Mr. Wolfe received his BA from Virginia Wesleyan College in 1983 and an MBA from the College of William and Mary in 1989.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.05 2.58