Changes of Independent Registered Public Accounting Firm
Ernst & Young LLP (“EY”) served as the independent registered public accounting firm of the Syntax ETF Trust (the “Trust”) for the fiscal years ended December 31, 2019 and December 31, 2020. EY’s reports on the financial statements for the fiscal years ended December 31, 2019 and 2020 contained no adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principle. During such fiscal year-ends and through June 14, 2021, the date of dismissal, (i) there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY, would have caused them to make reference to the subject matter of the disagreements in connection with their reports on the Trust’s financial statements for such period, and (ii) there were no “reportable events” of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
On May 13, 2021, the Audit Committee and the Trust’s Board of Directors approved the engagement of Cohen & Co Ltd. (“Cohen”), to serve as the independent registered public accounting firm for the Trust’s fiscal year ending December 31, 2021, and thereby approved the dismissal of EY effective upon completion of its December 31, 2020 audit and issuance of its report thereon. During the Trust’s fiscal years ended December 31, 2019 and December 31, 2020 and through May 13, 2021, neither the Trust, nor anyone on its behalf, consulted with Cohen on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Trust’s financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of said Item 304).
The Trust provided EY with a copy of the disclosures proposed to be made in this N-CSRS and requested that EY furnish the Trust with a letter addressed to the Commission stating whether it agrees with the statements made by the Trust in response to Item 304(a) of Regulation S-K, and, if not, stating the respects in which it does not agree. The EY letter is attached hereto as an exhibit.
Premium/Discount Information
Information regarding how often the Shares of each Fund traded on the exchange at a price above (i.e., at a premium) or below (i.e., at a discount) the NAV of the Fund during the past calendar year can be found at www.syntaxadvisors.com.
Proxy Voting Policies and Procedures and Records
A description of the Funds' proxy voting policies and procedures that are used by the Funds' investment adviser to vote proxies relating to the Funds' portfolio of securities are available (i) without charge, upon request by calling 1-866-972-4492 (toll free) or (ii) on the SEC’s website at www.sec.gov. Information regarding how the investment adviser voted for the 12-month period ended June 30, is available by August 31 of each year by calling the same number, on the SEC’s website at www.sec.gov, and on the Funds' website at www.syntaxadvisors.com.
Quarterly Portfolio Schedule
Following the Funds' first and third fiscal quarter-ends, a complete schedule of investments is filed with the SEC as an exhibit on Form N-PORT, which can be found on the SEC’s website at www.sec.gov. The Funds' schedules of investments are available upon request, without charge, by calling 1-866-972-4492 (toll free) and on the Funds’ website at www.syntaxadvisors.com.
Other information regarding the Funds is available on the Funds’ website at www.syntaxadvisors.com as well as on the website of the Securities and Exchange Commission at www.sec.gov.
