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
1	1 iShares Core S&P 500 ETF IVV $636B	$13M	8.98%	23,136 +3,407	+17%	+$1.91M
2	2 iShares 1-3 Year Treasury Bond ETF SHY $23.7B	$7.39M	5.1%	89,338 +8,140	+10%	+$673K
3	3 iShares MSCI USA Value Factor ETF VLUE $6.79B	$6.43M	4.44%	60,292 -12,388	-17%	-$1.32M
4	4 Apple AAPL $3.2T	$6.42M	4.43%	28,891 -379	-1%	-$84.2K
5	5 iShares 7-10 Year Treasury Bond ETF IEF $35B	$5.97M	4.12%	62,575 +9,012	+17%	+$859K
6	6 ProShares S&P 500 Dividend Aristocrats ETF NOBL $11.6B	$5.12M	3.53%	50,082 +4,877	+11%	+$498K
7	7 SPDR S&P 500 ETF Trust SPY $647B	$4.51M	3.12%	8,068 -179	-2%	-$100K
8	8 iShares MSCI ACWI ex US ETF ACWX $6.49B	$3.85M	2.66%	69,488 -38,947	-36%	-$2.16M
9	9 iShares Core S&P Mid-Cap ETF IJH $97.8B	$3.77M	2.6%	64,619 +4,577	+8%	+$267K
10	10 Prologis PLD $101B	$3.58M	2.48%	32,068 -1,996	-6%	-$223K
11	11 iShares Core S&P Small-Cap ETF IJR $82.2B	$3.44M	2.37%	32,855 +4,007	+14%	+$419K
12	12 iShares Core MSCI Europe ETF IEUR $6.94B	$3.42M	2.36%	56,854 -39,420	-41%	-$2.37M
13	13 American Tower AMT $109B	$3.39M	2.34%	15,590 -1,952	-11%	-$425K
14	14 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $27.7B	$3.29M	2.27%	30,260 +4,895	+19%	+$532K
15	15 Alphabet (Google) Class C GOOG $2.33T	$3.25M	2.24%	20,805 +11,009	+112%	+$1.72M
16	16 Schlumberger SLB $51.2B	$3.2M	2.21%	76,641 -6,598	-8%	-$276K
17	17 Freeport-McMoran FCX $65.8B	$3.17M	2.19%	83,638 +2,851	+4%	+$108K
18	18 Merck MRK $205B	$3.05M	2.11%	34,034 +719	+2%	+$64.5K
19	19 Nutrien NTR $29.3B	$3M	2.07%	60,418 -2,416	-4%	-$120K
20	20 Newmont NEM $68.7B	$2.99M	2.06%	61,934 -10,191	-14%	-$492K
21	21 Broadcom AVGO $1.31T	$2.91M	2.01%	17,352 +10,560	+155%	+$1.77M
22	22 Dow Inc DOW $21B	$2.73M	1.88%	78,052 -4,236	-5%	-$148K
23	23 Americold COLD $4.82B	$2.6M	1.79%	121,001 -18,181	-13%	-$390K
24	24 Microsoft MSFT $3.76T	$2.57M	1.78%	6,850 -238	-3%	-$89.3K
25	25 FedEx FDX $55.5B	$2.42M	1.67%	9,940 -1,996	-17%	-$487K