The Syntax US 3000 Index is a float-adjusted market capitalization-weighted equity index of the 3000 largest publicly traded US companies as ranked by their float market caps, subject to screens for liquidity. Companies are defined as US according to Syntax’s proprietary country classification methodology, which considers regulatory filings, currencies of accounting and distribution, and use of tax havens.
The goal of the Index is to reflect the performance of the broad investible US market, providing an unbiased benchmark and a regularly refreshed universe for index development. To qualify for inclusion, a company’s stock must have a 20-day average daily traded value of at least ten thousand dollars, a float factor of at least 20% and a share price of at least one dollar as of the snapshot date for eligibility data used in the quarterly rebalancing.
|Number of Constituents||2997|
|Weighting Methodology||Float Market Cap|
|Index Inception Date||June 17, 2022|
|Base Index Value||1000|
|Total Return Index Value (as of 12/01/2022)||4899.3|
|Vol.||Sharpe Ratio||Track. Err.||Upside Capture||Down. Capture|
|BERKSHIRE HATHAWAY INC||1.35|
|UNITEDHEALTH GROUP INC||1.31|
|JOHNSON & JOHNSON||1.2|
|EXXON MOBIL CORP||1.02|
|Meta Platforms Inc||0.86|
Past performance is no guarantee of future results. All performance presented prior to the index inception date is back-tested performance. Back-tested performance is not actual performance, but is hypothetical. The inception date of the Syntax US 3000 Index is March 24, 2021. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. However, back-tested data may reflect the application of the index methodology with the benefit of hindsight. No theoretical or back-tested approach can account for all market factors and the impact of decisions that might have been made during the actual operation of an index. Actual returns may differ from, and be lower than, back-tested returns, which are not necessarily predictive of future returns. Charts and graphs are provided for illustrative purposes only.
The Syntax US 3000 Index is the property of Syntax LLC, which has contracted with Refinitiv US LLC (“Refinitiv”) to calculate and maintain the Index. The Index is not sponsored by Refinitiv or its affiliates or its third-party licensors. Syntax®, Stratified®, Stratified Indices®, Stratified-Weight™, Stratified Benchmark Indices™, Stratified Sector Indices™, Stratified Thematic Indices™, and Locus® are trademarks or registered trademarks of Syntax, LLC and its affiliate Locus LP. FIS™ is a trademark of Locus for Locus’ “Functional Information System.
Index performance does not represent actual fund or portfolio performance and such performance does not reflect the actual investment experience of any investor. An investor cannot invest directly in an index. In addition, the results actual investors might have achieved would have differed from those shown because of differences in the timing, amounts of their investments, and fees and expenses associated with an investment in a portfolio invested in accordance with an index. None of the Syntax Indices or the benchmark indices portrayed herein charge management fees or incur brokerage expenses, and no such fees or expenses were deducted from the performance shown; provided, however, that the returns of any investment portfolio invested in accordance with such indices would be net of such fees and expenses. Additionally, none of these indices lend securities, and no revenues from securities lending were added to the performance shown. Performance shown is unaudited and subject to revision. This site may include materials and documents containing forward-looking statements which are based on our expectations and projections as of the date made. Past returns are not necessarily predictive of future returns.
The Russell 3000 Index is an unmanaged index considered representative of the US stock market. Benchmark data for the Russell 3000 Index is provided by FTSE Russell.
Beta is a measure of relative risk, calculated as the covariance of the Index with a benchmark divided by the variance of the benchmark. Volatility is the annualized standard deviation of index returns. Sharpe ratio is a risk- adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. A higher Sharpe ratio indicates better risk-adjusted performance. Beta, volatility, and Sharpe ratio are calculated using monthly returns from 04/01/2012 to 03/31/2022. Weighted Average Stock Price-to-Earnings Ratio (P/E Ratio) is the harmonic weighted average of the ratio of each stock’s share price to its trailing 12 month earnings per share. Weighted Average Stock Price-to-Book-Value Ratio (P/B Ratio) is the harmonic weighted average of the ratio of each stock’s market price to its net asset value. Dividend Yield is the harmonic weighted average of the ratio of each stock’s annual dividend per share to its market price. Price-to-Earnings, Price-to-Book and Dividend Yield are calculated as of 03/31/2022. P/E, P/B, and Dividend Yield are calculated by Syntax via FactSet. Top holdings and security classifications used in calculating allocation tables are based on ending weight as of 03/31/2022.