SYSAAC | Syntax SaaS Composite Index

Index Description

The Syntax SaaS Composite Index float market cap-weights publicly traded US companies that provide software-as-a-service products. The Index applies screens for thematic purity of exposure, liquidity, and size, and defines business segments including SaaS for the healthcare & life science, business processing, financial technology, sales and marketing, consumer, government, communications, and IT industries.

The Index uses company classification data structured in Syntax's proprietary Functional Information System (FIS)®, which draws primarily from audited annual reports (e.g., 10-K filings) and secondarily from unaudited documents (e.g., news articles, company websites) to allow granular groupings and comparisons of companies by the characteristics of their various product lines.

Index Facts

Number of Constituents 177
Weighting Methodology Float Market Cap
Rebalancing Frequency Quarterly
Currency USD
Exchange Symbol/Ticker SYSAAC
Index Inception Date December 16, 2022
Total Return Index Value as of 12/13/2023 5056.38

Index Performance

Multi-Horizon Returns % as of 2023-09-30
YTD3Q231Y3Y5Y7Y10YSince 03.15.13
SaaS Composite32.32-1.7032.83-0.529.5116.2514.2215.13
S&P 50013.07-3.2821.6110.159.9212.2411.9112.50
Annual Index Performance % as of 2023-09-30
SaaS Composite-41.788.2677.1026.5215.3942.004.663.465.32-
S&P 500-18.1128.7118.4031.49-4.3821.8311.961.3813.6932.39
Index Statistics as of 2023-09-30
Vol.Sharpe RatioTrack. Err.Upside CaptureDown. Capture
SaaS Composite20.90.6212.86114.0110.2
S&P 50015.00.72-100.0100.0
Index Fundamentals as of 2023-09-30
BetaDividend YieldP / E Ratio
SaaS Composite1.110.44199.4
S&P 5001.001.6723.0
Top Holdings as of 2023-09-30
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Company Weight (%)
Meta Platforms Inc. Class A 4.86
Palo Alto Networks Inc. 4.63
Intl Business Machines Corp 4.59
ServiceNow Inc. 4.53
Intuit Inc 4.50
Salesforce Inc. 4.44
Adobe Inc. 4.40
Oracle Corp 4.13
Workday Inc 3.88
Atlassian Corp 3.10