Syntax Research Portfolio holdings

AUM $141M

This Quarter Return

-1.31%

1 Year Return

+5.99%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$145M

AUM Growth

+$5.38M (+4%)

Cap. Flow

+$5.52M

Cap. Flow % of AUM

3.81%

Top 10 Holdings %Top 10 Hldgs %

41.46%

Holding

189

New

Increased

Reduced

Closed

Top Buys

1	Digital Realty Trust DLR	$2.15M
2	Leidos LDOS	$2.02M
3	iShares Core S&P 500 ETF IVV	$1.91M
4	Broadcom AVGO	$1.77M
5	Alphabet (Google) Class C GOOG	$1.72M

Top Sells

1	iShares Core MSCI Europe ETF IEUR	$2.37M
2	iShares MSCI ACWI ex US ETF ACWX	$2.16M
3	Air Products & Chemicals APD	$1.8M
4	iShares MSCI USA Value Factor ETF VLUE	$1.32M
5	ConocoPhillips COP	$1.02M

Sector Composition

1	Technology	14.31%
2	Materials	11.39%
3	Real Estate	9.07%
4	Industrials	4.29%
5	Energy	3.56%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Vale VALE $44.3B	$2.3M	1.58%	230,000 -21,250	-8%	-$212K
27	27 Qualcomm QCOM $173B	$2.28M	1.57%	14,843 +10,051	+210%	+$1.54M
28	28 Digital Realty Trust DLR $60.4B	$2.15M	1.48%	+15,000	New	+$2.15M
29	29 Leidos LDOS $20.8B	$2.02M	1.4%	+15,000	New	+$2.02M
30	30 JPMorgan Chase JPM $801B	$1.87M	1.29%	7,608 -277	-4%	-$67.9K
31	31 Arista Networks ANET $138B	$1.7M	1.18%	+22,000	New	+$1.7M
32	32 FMC FMC $5.42B	$1.7M	1.17%	40,201 +10,101	+34%	+$426K
33	33 Oracle ORCL $669B	$1.54M	1.06%	+11,000	New	+$1.54M
34	34 iShares MSCI USA Quality Factor ETF QUAL $53.2B	$1.52M	1.05%	8,880 +2,456	+38%	+$420K
35	35 ConocoPhillips COP $117B	$1.18M	0.82%	11,264 -9,740	-46%	-$1.02M
36	36 Weyerhaeuser WY $19B	$1.17M	0.81%	+40,000	New	+$1.17M
37	37 iShares Core MSCI Emerging Markets ETF IEMG $99.7B	$1.08M	0.75%	20,095 -7,841	-28%	-$423K
38	38 iShares China Large-Cap ETF FXI $6.55B	$1.01M	0.7%	28,249 -8,526	-23%	-$306K
39	39 iShares MSCI Emerging Markets ETF EEM $18.8B	$995K	0.69%	22,765 -8,616	-27%	-$377K
40	40 Amazon AMZN $2.41T	$818K	0.56%	4,300	–	–
41	41 Boeing BA $172B	$812K	0.56%	4,762 -273	-5%	-$46.6K
42	42 Chevron CVX $305B	$746K	0.51%	4,456 -5,314	-54%	-$889K
43	43 RTX Corp RTX $199B	$720K	0.5%	5,439 -131	-2%	-$17.4K
44	44 United Parcel Service UPS $85.6B	$641K	0.44%	5,823 +965	+20%	+$106K
45	45 iShares MSCI USA Min Vol Factor ETF USMV $23.7B	$619K	0.43%	6,612 +5,393	+442%	+$505K
46	46 Air Products & Chemicals APD $63.8B	$596K	0.41%	2,020 -6,102	-75%	-$1.8M
47	47 Berkshire Hathaway Class B BRK.B $1.03T	$545K	0.38%	1,024	–	–
48	48 Medtronic MDT $117B	$528K	0.36%	5,877 +49	+0.8%	+$4.4K
49	49 iShares US Treasury Bond ETF GOVT $27.5B	$528K	0.36%	22,958 -1,538	-6%	-$35.4K
50	50 iShares 20+ Year Treasury Bond ETF TLT $47.9B	$506K	0.35%	5,562 +36	+0.7%	+$3.28K