CVRD vs. SCLZ ETF Comparison

Comparison of Madison Covered Call ETF (CVRD) to Swan Enhanced Dividend Income ETF (SCLZ)

CVRD

Madison Covered Call ETF

CVRD Description

The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies.

Grade (RS Rating)

Last Trade

$19.75

Average Daily Volume

6,657

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SCLZ

Swan Enhanced Dividend Income ETF

SCLZ Description

SCLZ aims to maximize income through a portfolio of US dividend-paying companies combined with a covered call writing strategy. This strategy provides a potential buffer against market volatility, although the reduction is limited to the amount of option premium received. Based on the large- and mid-cap stocks of the OShares Focused Quality Dividend Index, the fund selects 50 names based on a composite score for quality and growth characteristics. The composite score considers quality factors, dividend growth, dividend coverage, and dividend yield. Note some stocks with superior dividend payouts and higher capital appreciation potential may be excluded if option premium potential is too low. Quarterly, constituents are re-ranked based on historic dividend yield and potential capital appreciation, with holdings sold when they are no longer listed. Risk management involves establishing pre-defined exit points for each option to reduce downside exposure while maximizing income.

Grade (RS Rating)

Last Trade

$54.78

Average Daily Volume

1,684

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVRD	SCLZ
30 Days	1.31%	1.62%
60 Days	1.79%	2.11%
90 Days	2.92%	2.25%
12 Months	9.83%

10 Overlapping Holdings

Symbol	Grade	Weight in CVRD	Weight in SCLZ	Overlap
ABT	B	2.55%	1.75%	1.75%
ACN	B	2.33%	1.71%	1.71%
APH	B	1.57%	1.47%	1.47%
CSCO	A	3.92%	1.93%	1.93%
HON	B	2.35%	1.65%	1.65%
JNJ	D	1.47%	2.25%	1.47%
MSFT	D	2.49%	4.84%	2.49%
PEP	F	1.67%	1.68%	1.67%
TXN	D	1.77%	1.76%	1.76%
V	A	3.17%	2.85%	2.85%

CVRD Overweight 32 Positions Relative to SCLZ

Symbol	Grade	Weight
LVS	C	3.7%
CME	A	3.69%
GOOG	C	3.44%
ADBE	C	3.24%
PYPL	A	3.02%
STZ	D	2.89%
MDT	D	2.82%
CMCSA	C	2.81%
TMUS	A	2.59%
APD	A	2.37%
AES	F	2.19%
A	D	2.18%
UPS	C	2.1%
AMZN	C	2.08%
EMR	A	2.04%
MCHP	F	2.04%
ADM	F	1.98%
AMD	F	1.86%
LH	B	1.72%
LOW	C	1.7%
AMT	D	1.67%
MTDR	C	1.6%
HPE	B	1.54%
UNP	C	1.52%
GLW	B	1.43%
DHR	D	1.42%
COP	D	1.32%
FAST	B	1.26%
ROST	C	1.03%
RIG	D	0.83%
DLTR	D	0.8%
APA	F	0.66%

CVRD Underweight 39 Positions Relative to SCLZ

Symbol	Grade	Weight
GOOGL	C	-5.41%
AAPL	B	-4.96%
AVGO	D	-3.47%
JPM	B	-3.37%
LLY	F	-2.99%
UNH	B	-2.86%
MA	B	-2.49%
HD	A	-2.48%
PG	A	-2.43%
ORCL	C	-2.18%
KO	D	-1.89%
MRK	F	-1.83%
INTU	C	-1.81%
PM	B	-1.8%
CAT	B	-1.76%
MCD	D	-1.75%
QCOM	F	-1.68%
TJX	A	-1.59%
ADP	B	-1.53%
MO	A	-1.49%
SBUX	B	-1.48%
DE	B	-1.48%
LMT	D	-1.44%
ITW	A	-1.43%
MMC	A	-1.43%
PCAR	B	-1.42%
AON	A	-1.42%
SNA	A	-1.38%
CTAS	B	-1.37%
ZTS	D	-1.32%
GD	F	-1.32%
MDLZ	F	-1.28%
PAYX	B	-1.27%
OTIS	C	-1.27%
MSCI	C	-1.26%
CTSH	B	-1.23%
YUM	B	-1.2%
CBOE	B	-1.16%
HSY	F	-1.09%