KNG vs. SCLZ ETF Comparison

Comparison of CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) to Swan Enhanced Dividend Income ETF (SCLZ)

KNG

CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF

KNG Description

The investment seeks to track the performance, before fees and expenses, of the Cboe S&P 500® Dividend Aristocrats Target Income Index Monthly Series (the "index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. The index is designed with the primary goal of generating an annualized level of income from stock dividends and option premiums that is approximately 3% over the annual dividend yield of the S&P 500 Index and a secondary goal of generating price returns that are proportional to the price returns of the S&P 500 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.70

Average Daily Volume

306,359

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

$54.24

Average Daily Volume

1,765

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KNG	SCLZ
30 Days	-0.69%	-0.30%
60 Days	0.15%	1.39%
90 Days	1.94%	2.20%
12 Months	16.70%

11 Overlapping Holdings

Symbol	Grade	Weight in KNG	Weight in SCLZ	Overlap
ABT	B	1.5%	1.75%	1.5%
ADP	A	1.59%	1.53%	1.53%
CAT	B	1.52%	1.76%	1.52%
CTAS	B	1.58%	1.37%	1.37%
GD	D	1.48%	1.32%	1.32%
ITW	B	1.61%	1.43%	1.43%
JNJ	C	1.41%	2.25%	1.41%
KO	D	1.41%	1.89%	1.41%
MCD	D	1.51%	1.75%	1.51%
PEP	F	1.46%	1.68%	1.46%
PG	C	1.5%	2.43%	1.5%

KNG Overweight 54 Positions Relative to SCLZ

Symbol	Grade	Weight
EMR	B	1.81%
GPC	D	1.67%
DOV	A	1.66%
CAH	B	1.65%
CINF	A	1.65%
GWW	B	1.65%
FAST	B	1.65%
CVX	A	1.64%
TROW	B	1.63%
ALB	B	1.63%
SHW	B	1.63%
PNR	A	1.62%
BEN	C	1.62%
CHD	A	1.6%
ROP	B	1.59%
CLX	A	1.59%
CHRW	B	1.59%
SPGI	C	1.58%
NUE	C	1.58%
BRO	B	1.58%
NDSN	B	1.57%
TGT	F	1.56%
WST	C	1.56%
KVUE	A	1.56%
WMT	A	1.55%
EXPD	C	1.54%
ATO	A	1.54%
ESS	B	1.53%
SYY	D	1.53%
LOW	C	1.52%
FRT	B	1.51%
CB	C	1.49%
HRL	D	1.49%
AFL	B	1.49%
APD	A	1.49%
PPG	F	1.48%
ECL	D	1.47%
IBM	C	1.46%
KMB	C	1.46%
MKC	C	1.45%
BDX	F	1.45%
LIN	C	1.45%
AOS	F	1.44%
MDT	D	1.44%
SJM	D	1.44%
ADM	D	1.41%
CL	D	1.4%
AMCR	C	1.4%
NEE	C	1.38%
ABBV	F	1.36%
O	C	1.35%
ED	C	1.35%
SWK	D	1.27%
XOM	B	1.25%

KNG Underweight 38 Positions Relative to SCLZ

Symbol	Grade	Weight
GOOGL	C	-5.41%
AAPL	C	-4.96%
MSFT	D	-4.84%
AVGO	D	-3.47%
JPM	A	-3.37%
LLY	F	-2.99%
UNH	B	-2.86%
V	A	-2.85%
MA	B	-2.49%
HD	B	-2.48%
ORCL	A	-2.18%
CSCO	B	-1.93%
MRK	D	-1.83%
INTU	B	-1.81%
PM	B	-1.8%
TXN	C	-1.76%
ACN	B	-1.71%
QCOM	F	-1.68%
HON	C	-1.65%
TJX	A	-1.59%
MO	A	-1.49%
SBUX	A	-1.48%
DE	B	-1.48%
APH	A	-1.47%
LMT	D	-1.44%
MMC	B	-1.43%
PCAR	B	-1.42%
AON	A	-1.42%
SNA	A	-1.38%
ZTS	D	-1.32%
MDLZ	F	-1.28%
PAYX	B	-1.27%
OTIS	C	-1.27%
MSCI	C	-1.26%
CTSH	B	-1.23%
YUM	D	-1.2%
CBOE	C	-1.16%
HSY	F	-1.09%