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SHUSStratified LargeCap Hedged ETF

Get income5y track recordRanked #1,428 of 1,650 in this goal

Seeks to obtain capital growth.

By Syntax · Launched 2021

Annual Cost

0.79%

#4,215 of 5,861 · expensive

Fund Size

$25M

#4,321 of 5,861 · small

Dividend YieldGoal

1.25%

Track Record

5 years

#2,342 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,721+17.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Syntax Stratified LargeCap Index

What it actually holds

By weight

Concentration

Top 4 holdings = 100.0% of fundconcentrated

Exchange Listed Funds Trust
98.9%
N/A
1.4%
BBH SWEEP VEHICLE
0.3%
N/A
-0.5%

Asset allocation

Stocks
99.6%
Cash
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.8%Moderate

Year-on-year price swings

Max drawdown
-13.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.50Below average
Sortino (3Y)
0.74Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to obtain capital growth.
Strategy
Actively managed ETF that invests in a portfolio of equity securities, including common stocks and/or ETFs, that tracks the Syntax Stratified LargeCap Index. Focuses on large capitalization companies, utilizing risk management strategies and option spreads to limit downside risk and generate additional returns across sectors like Consumer Products, Energy, Financials, and Healthcare.
Inception date
June 15, 2021
Fund family
Syntax

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04