SSLY — Syntax Stratified SmallCap ETF
Data updated: 2024-08-21
SSLY — Syntax Stratified SmallCap ETF. United States Small Cap Blend / Core Equity · $17.27M AUM. Holdings, fees, performance and SEC filings.
SSLY Fund Overview
SSLY — Syntax Stratified SmallCap ETF is a US ETF managed by Syntax ETF Trust, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Syntax ETF Trust
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $17.27M
- 1-year return: 1.3%
- Ticker: SSLY
- SEC CIK: 0001580843
- SEC series ID: S000067566
- Share class ID: C000217195
SSLY Investment Objective and Strategy
Syntax Stratified SmallCap ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Syntax ETF Trust.
Investment objective
The Syntax Stratified SmallCap ETF (the Fund) seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified SmallCap Index (the Index).
Principal investment strategy
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. Syntaxs Stratified-Weight is the weighting methodology by which Syntax diversifies its indices by hierarchically grouping and distributing the weight of an indexs 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 investors ownership to accumulate in the largest, most momentum-driven companies and industries, while equal weighting is intended to permit an investors 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, 2023 was between $235 million and $8.2 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.
SSLY Holdings
Top 10 holdings of Syntax Stratified SmallCap ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vericel Corp | 0.85% |
| Alarm.com Holdings Inc | 0.80% |
| A10 Networks Inc | 0.80% |
| Embecta Corp | 0.76% |
| Tandem Diabetes Care Inc | 0.70% |
| Cinemark Holdings Inc | 0.69% |
| Harmonic Inc | 0.61% |
| Plexus Corp | 0.59% |
| Sanmina Corp | 0.59% |
| Calix Inc | 0.59% |
SSLY Portfolio Allocation
Asset-class allocation of Syntax Stratified SmallCap ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
SSLY Performance
Total returns for SSLY (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.3% |
| 3 years (annualised) | -4.2% |
SSLY Risk Information
Risk metrics for SSLY, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.5%
SSLY Costs and Fees
SSLY costs about $40 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.40%
- Gross expense ratio: 0.45%
- Portfolio turnover: 47%
- Brokerage commissions: 11.58 bps of average net assets (SEC N-CEN)
SSLY Cashflows
Over the 12 months to 2024-06, Syntax Stratified SmallCap ETF had net outflows of $1.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | $0 |
| 2024-05 | $0 |
| 2024-04 | $0 |
| 2024-03 | $0 |
| 2024-02 | $0 |
| 2024-01 | $0 |
SSLY Debt Constituents
No individual debt constituents are reported in Syntax Stratified SmallCap ETF's latest SEC N-PORT filing.
SSLY Prospectus and SEC Filings
Official Syntax Stratified SmallCap ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus supplement (497) — filed 2023-05-03
- Portfolio holdings (N-PORT) — filed 2024-08-21
- Portfolio holdings (N-PORT) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Annual census (N-CEN) — filed 2024-03-13
- Annual census (N-CEN) — filed 2023-03-16
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.