SYNTAX RESEARCH, INC.

PrivateCIK: 1999827

Location

BOCA RATON, FL

192

Positions

$157.15M

Total AUM (reported)

1.20M

Total Shares

Allocation by class

COMM$33.78M21.5%

COM$30.13M19.2%

CORE S&P500 ETF$12.05M7.7%

7-10 YR TRSY BD$8.44M5.4%

MSCI USA VALUE$8.07M5.1%

1 3 YR TREAS BD$6.53M4.2%

IBOXX INV CP ETF$6.31M4.0%

Portfolio Concentration

Top 3$28.56M18.2%

4–10$39.53M25.2%

11–25$34.77M22.1%

Rest$54.29M34.5%

Top 3 weight

18.2%

Top 10 weight

43.3%

Voting Authority Distribution

Total shares with voting rights: 1.20M

Sole

Full voting authority

271.50K

% of voting shares22.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

930.45K

% of voting shares77.4%

Investment Discretion (by position count)

Sole192

Shared0

Other0

Dominant voting typeNone · 77.4% of voting shares

Institutional Holdings192

Rows:

ISHARES TR

SOLE

CORE S&P500 ETF

Shares18.44K

TypeSH

Market value$12.05M

7.67%

Sole

0.00

Shared

0.00

None

18.44K

ISHARES TR

SOLE

7-10 YR TRSY BD

Shares88.48K

TypeSH

Market value$8.44M

5.37%

Sole

0.00

Shared

0.00

None

88.48K

ISHARES TR

SOLE

MSCI USA VALUE

Shares56.73K

TypeSH

Market value$8.07M

5.13%

Sole

0.00

Shared

0.00

None

56.73K

APPLE INC

SOLE

COM

Shares28.78K

TypeSH

Market value$7.30M

4.65%

Sole

0.00

Shared

0.00

None

28.78K

ISHARES TR

SOLE

1 3 YR TREAS BD

Shares79.05K

TypeSH

Market value$6.53M

4.15%

Sole

0.00

Shared

0.00

None

79.05K

ISHARES TR

SOLE

IBOXX INV CP ETF

Shares57.91K

TypeSH

Market value$6.31M

4.02%

Sole

0.00

Shared

0.00

None

57.91K

PROSHARES TR

SOLE

S&P 500 DV ARIST

Shares55.76K

TypeSH

Market value$5.91M

3.76%

Sole

0.00

Shared

0.00

None

55.76K

STATE STR SPDR S&P 500 ETF T

SOLE

TR UNIT

Shares7.86K

TypeSH

Market value$5.11M

3.25%

Sole

0.00

Shared

0.00

None

7.86K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares64.30K

TypeSH

Market value$4.34M

2.76%

Sole

0.00

Shared

0.00

None

64.30K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares32.35K

TypeSH

Market value$4.02M

2.56%

Sole

0.00

Shared

0.00

None

32.35K

ISHARES TR

SOLE

MSCI USA MIN VOL

Shares30.35K

TypeSH

Market value$2.82M

1.79%

Sole

0.00

Shared

0.00

None

30.35K

ALPHABET INC

SOLE

CAP STK CL C

Shares9.81K

TypeSH

Market value$2.81M

1.79%

Sole

0.00

Shared

0.00

None

9.81K

ISHARES TR

SOLE

MSCI ACWI EX US

Shares40.10K

TypeSH

Market value$2.75M

1.75%

Sole

0.00

Shared

0.00

None

40.10K

PROLOGIS INC

SOLE

REIT

Shares20K

TypeSH

Market value$2.64M

1.68%

Sole

20K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COM

Shares6.84K

TypeSH

Market value$2.53M

1.61%

Sole

0.00

Shared

0.00

None

6.84K

FREEPORT MCMORAN INC

SOLE

COMM

Shares40K

TypeSH

Market value$2.35M

1.50%

Sole

40K

Shared

0.00

None

0.00

ALPHABET INC-CL C

SOLE

COMM

Shares8K

TypeSH

Market value$2.29M

1.46%

Sole

Shared

0.00

None

0.00

JPMORGAN CHASE & CO

SOLE

COM

Shares7.75K

TypeSH

Market value$2.28M

1.45%

Sole

0.00

Shared

0.00

None

7.75K

BROADCOM LIMITED

SOLE

COMM

Shares7K

TypeSH

Market value$2.17M

1.38%

Sole

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE MSCI EURO

Shares30.43K

TypeSH

Market value$2.14M

1.36%

Sole

0.00

Shared

0.00

None

30.43K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares30.47K

TypeSH

Market value$2.13M

1.35%

Sole

0.00

Shared

0.00

None

30.47K

ISHARES TR

SOLE

EXPANDED TECH

Shares24.95K

TypeSH

Market value$2.00M

1.27%

Sole

0.00

Shared

0.00

None

24.95K

TAKE-TWO INTERACTIVE SOFTWRE

SOLE

COMM

Shares10K

TypeSH

Market value$1.98M

1.26%

Sole

10K

Shared

0.00

None

0.00

ARISTA NETWORKS INC

SOLE

COMM

Shares16K

TypeSH

Market value$1.96M

1.25%

Sole

16K

Shared

0.00

None

0.00

PALO ALTO NETWORKS INC

SOLE

COMM

Shares12K

TypeSH

Market value$1.92M

1.22%

Sole

12K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	CORE S&P500 ETF	18.44K	SH	$12.05M 7.67%	0.00	18.44K
ISHARES TRSOLE	7-10 YR TRSY BD	88.48K	SH	$8.44M 5.37%	0.00	88.48K
ISHARES TRSOLE	MSCI USA VALUE	56.73K	SH	$8.07M 5.13%	0.00	56.73K
APPLE INCSOLE	COM	28.78K	SH	$7.30M 4.65%	0.00	28.78K
ISHARES TRSOLE	1 3 YR TREAS BD	79.05K	SH	$6.53M 4.15%	0.00	79.05K
ISHARES TRSOLE	IBOXX INV CP ETF	57.91K	SH	$6.31M 4.02%	0.00	57.91K
PROSHARES TRSOLE	S&P 500 DV ARIST	55.76K	SH	$5.91M 3.76%	0.00	55.76K
STATE STR SPDR S&P 500 ETF TSOLE	TR UNIT	7.86K	SH	$5.11M 3.25%	0.00	7.86K
ISHARES TRSOLE	CORE S&P MCP ETF	64.30K	SH	$4.34M 2.76%	0.00	64.30K
ISHARES TRSOLE	CORE S&P SCP ETF	32.35K	SH	$4.02M 2.56%	0.00	32.35K
ISHARES TRSOLE	MSCI USA MIN VOL	30.35K	SH	$2.82M 1.79%	0.00	30.35K
ALPHABET INCSOLE	CAP STK CL C	9.81K	SH	$2.81M 1.79%	0.00	9.81K
ISHARES TRSOLE	MSCI ACWI EX US	40.10K	SH	$2.75M 1.75%	0.00	40.10K
PROLOGIS INCSOLE	REIT	20K	SH	$2.64M 1.68%	20K	0.00
MICROSOFT CORPSOLE	COM	6.84K	SH	$2.53M 1.61%	0.00	6.84K
FREEPORT MCMORAN INCSOLE	COMM	40K	SH	$2.35M 1.50%	40K	0.00
ALPHABET INC-CL CSOLE	COMM	8K	SH	$2.29M 1.46%	8K	0.00
JPMORGAN CHASE & COSOLE	COM	7.75K	SH	$2.28M 1.45%	0.00	7.75K
BROADCOM LIMITEDSOLE	COMM	7K	SH	$2.17M 1.38%	7K	0.00
ISHARES TRSOLE	CORE MSCI EURO	30.43K	SH	$2.14M 1.36%	0.00	30.43K
ISHARES INCSOLE	CORE MSCI EMKT	30.47K	SH	$2.13M 1.35%	0.00	30.47K
ISHARES TRSOLE	EXPANDED TECH	24.95K	SH	$2.00M 1.27%	0.00	24.95K
TAKE-TWO INTERACTIVE SOFTWRESOLE	COMM	10K	SH	$1.98M 1.26%	10K	0.00
ARISTA NETWORKS INCSOLE	COMM	16K	SH	$1.96M 1.25%	16K	0.00
PALO ALTO NETWORKS INCSOLE	COMM	12K	SH	$1.92M 1.22%	12K	0.00

Page 1 of 8

…