FDVV vs. SCLZ ETF Comparison

Comparison of Fidelity Core Dividend ETF (FDVV) to Swan Enhanced Dividend Income ETF (SCLZ)

FDVV

Fidelity Core Dividend ETF

FDVV Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Core Dividend Index. Normally investing at least 80% of assets in securities included in the Fidelity Core Dividend Index and in depository receipts representing securities included in the index. The Fidelity Core Dividend Index is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends.

Grade (RS Rating)

Last Trade

$52.35

Average Daily Volume

441,792

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

$54.45

Average Daily Volume

1,700

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDVV	SCLZ
30 Days	2.09%	0.58%
60 Days	4.08%	1.63%
90 Days	5.58%	2.59%
12 Months	34.54%

22 Overlapping Holdings

Symbol	Grade	Weight in FDVV	Weight in SCLZ	Overlap
AAPL	C	5.54%	4.96%	4.96%
AVGO	D	1.96%	3.47%	1.96%
CAT	B	1.56%	1.76%	1.56%
CSCO	B	1.1%	1.93%	1.1%
HD	A	0.49%	2.48%	0.49%
HON	B	1.39%	1.65%	1.39%
JNJ	D	0.69%	2.25%	0.69%
JPM	A	1.08%	3.37%	1.08%
LMT	D	1.41%	1.44%	1.41%
MCD	D	0.33%	1.75%	0.33%
MO	A	1.78%	1.49%	1.49%
MSFT	F	5.13%	4.84%	4.84%
PCAR	B	1.16%	1.42%	1.16%
PEP	F	1.5%	1.68%	1.5%
PG	A	2.01%	2.43%	2.01%
PM	B	2.01%	1.8%	1.8%
QCOM	F	1.02%	1.68%	1.02%
SBUX	A	0.28%	1.48%	0.28%
TJX	A	0.33%	1.59%	0.33%
TXN	C	1.11%	1.76%	1.11%
UNH	C	0.91%	2.86%	0.91%
V	A	0.79%	2.85%	0.79%

FDVV Overweight 70 Positions Relative to SCLZ

Symbol	Grade	Weight
NVDA	C	6.56%
TRGP	B	2.21%
XOM	B	1.98%
NEE	D	1.61%
GE	D	1.61%
KMI	A	1.6%
RTX	C	1.55%
CVX	A	1.55%
SO	D	1.46%
D	C	1.36%
AEP	D	1.34%
DUK	C	1.34%
EIX	B	1.32%
EOG	A	1.26%
SPG	B	1.22%
COP	C	1.19%
ES	D	1.18%
OHI	C	1.18%
UNP	C	1.17%
PSA	D	1.1%
DELL	C	1.08%
UPS	C	1.08%
ACI	C	1.06%
IBM	C	1.01%
PLD	D	0.94%
GLPI	C	0.93%
VICI	C	0.93%
DVN	F	0.91%
HPQ	B	0.9%
CCI	D	0.88%
WY	D	0.83%
WPC	D	0.78%
GEV	B	0.75%
BAC	A	0.71%
WFC	A	0.7%
GS	A	0.63%
ABBV	D	0.62%
MS	A	0.61%
BX	A	0.55%
BMY	B	0.53%
GILD	C	0.52%
PNC	B	0.49%
C	A	0.48%
AMGN	D	0.46%
PFE	D	0.46%
WBA	F	0.44%
USB	A	0.43%
TFC	A	0.43%
CME	A	0.4%
LOW	D	0.34%
CVS	D	0.33%
GM	B	0.33%
MAR	B	0.27%
DKS	C	0.26%
BBY	D	0.25%
NKE	D	0.21%
F	C	0.2%
T	A	0.18%
VZ	C	0.16%
CMCSA	B	0.15%
FOXA	B	0.14%
TKO	B	0.13%
EA	A	0.12%
OMC	C	0.11%
NWSA	B	0.11%
NYT	C	0.1%
WMG	C	0.09%
NXST	C	0.09%
IPG	D	0.08%
PARA	C	0.07%

FDVV Underweight 27 Positions Relative to SCLZ

Symbol	Grade	Weight
GOOGL	C	-5.41%
LLY	F	-2.99%
MA	C	-2.49%
ORCL	B	-2.18%
KO	D	-1.89%
MRK	F	-1.83%
INTU	C	-1.81%
ABT	B	-1.75%
ACN	C	-1.71%
ADP	B	-1.53%
DE	A	-1.48%
APH	A	-1.47%
ITW	B	-1.43%
MMC	B	-1.43%
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	C	-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%