LVHD vs. SCLZ ETF Comparison

Comparison of Legg Mason Low Volatility High Dividend ETF (LVHD) to Swan Enhanced Dividend Income ETF (SCLZ)

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.82

Average Daily Volume

43,099

Number of Holdings ^*

118

* 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 ^*

49

* may have additional holdings in another (foreign) market

Performance

Period	LVHD	SCLZ
30 Days	1.05%	0.58%
60 Days	1.24%	1.63%
90 Days	4.51%	2.59%
12 Months	21.71%

12 Overlapping Holdings

	Symbol	Grade	Weight in LVHD	Weight in SCLZ	Overlap
	CSCO	B	2.57%	1.93%	1.93%
	HD	A	2.66%	2.48%	2.48%
	HSY	F	2.14%	1.09%	1.09%
	JNJ	D	2.29%	2.25%	2.25%
	KO	D	2.3%	1.89%	1.89%
	LMT	D	2.54%	1.44%	1.44%
	MCD	D	2.71%	1.75%	1.75%
	MDLZ	F	2.32%	1.28%	1.28%
	MO	A	2.78%	1.49%	1.49%
	PAYX	C	2.07%	1.27%	1.27%
	PEP	F	2.39%	1.68%	1.68%
	PM	B	2.44%	1.8%	1.8%

LVHD Overweight 106 Positions Relative to SCLZ

	Symbol	Grade	Weight
	CVX	A	2.69%
	USB	A	2.58%
	IBM	C	2.47%
	SO	D	2.41%
	DUK	C	2.33%
	KDP	D	2.26%
	OKE	A	2.18%
	KMB	D	2.1%
	AEP	D	2.07%
	PNC	B	2.01%
	GIS	D	1.87%
	XEL	A	1.84%
	EXC	C	1.83%
	SYY	B	1.81%
	K	A	1.76%
	DRI	B	1.65%
	ETR	B	1.65%
	WEC	A	1.48%
	VICI	C	1.4%
	ED	D	1.28%
	OMC	C	1.17%
	LYB	F	1.16%
	FANG	D	1.14%
	PKG	A	1.06%
	AEE	A	1.04%
	NI	A	1.04%
	DTE	C	1.02%
	HST	C	1.01%
	EVRG	A	0.93%
	IPG	D	0.9%
	MAA	B	0.87%
	KIM	A	0.84%
	ESS	B	0.83%
	EQR	B	0.8%
	PNW	B	0.71%
	LNT	A	0.67%
	REG	B	0.63%
	FNF	B	0.54%
	WPC	D	0.53%
	FRT	B	0.51%
	ADC	B	0.5%
	BRX	A	0.5%
	CUBE	D	0.49%
	GLPI	C	0.48%
	DTM	B	0.42%
	OGE	B	0.37%
	ONB	B	0.35%
	WTRG	B	0.34%
	NNN	D	0.33%
	CTRE	D	0.31%
	EPRT	B	0.31%
	AFG	A	0.31%
	STAG	F	0.31%
	POR	C	0.31%
	VLY	B	0.29%
	MSM	C	0.28%
	IDA	A	0.28%
	SON	D	0.27%
	DOC	D	0.26%
	FNB	A	0.25%
	NSA	D	0.25%
	APLE	B	0.24%
	OGS	A	0.23%
	EPR	D	0.22%
	BKH	A	0.22%
	INSW	F	0.22%
	HIW	D	0.2%
	SR	A	0.19%
	ALE	A	0.19%
	FHI	A	0.17%
	FIBK	A	0.17%
	NJR	A	0.17%
	FULT	A	0.17%
	BOH	B	0.16%
	UBSI	B	0.16%
	BNL	D	0.15%
	CBU	B	0.14%
	FHB	A	0.14%
	AVA	A	0.14%
	AUB	B	0.13%
	NWE	B	0.13%
	ROIC	A	0.13%
	NHI	D	0.13%
	CNA	B	0.12%
	LXP	D	0.12%
	CVBF	A	0.12%
	NTST	D	0.11%
	FCPT	C	0.11%
	PFS	B	0.1%
	FRME	B	0.08%
	DEA	D	0.08%
	LTC	B	0.08%
	NWN	A	0.08%
	TOWN	B	0.07%
	NBTB	B	0.07%
	HOPE	B	0.07%
	UVV	B	0.07%
	FFBC	A	0.07%
	UNIT	B	0.07%
	GTY	B	0.07%
	NWBI	B	0.07%
	PINC	B	0.06%
	AAT	B	0.06%
	PFBC	B	0.06%
	LADR	B	0.06%
	FCF	A	0.06%

LVHD Underweight 37 Positions Relative to SCLZ

	Symbol	Grade	Weight
	GOOGL	C	-5.41%
	AAPL	C	-4.96%
	MSFT	F	-4.84%
	AVGO	D	-3.47%
	JPM	A	-3.37%
	LLY	F	-2.99%
	UNH	C	-2.86%
	V	A	-2.85%
	MA	C	-2.49%
	PG	A	-2.43%
	ORCL	B	-2.18%
	MRK	F	-1.83%
	INTU	C	-1.81%
	CAT	B	-1.76%
	TXN	C	-1.76%
	ABT	B	-1.75%
	ACN	C	-1.71%
	QCOM	F	-1.68%
	HON	B	-1.65%
	TJX	A	-1.59%
	ADP	B	-1.53%
	SBUX	A	-1.48%
	DE	A	-1.48%
	APH	A	-1.47%
	ITW	B	-1.43%
	MMC	B	-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%
	OTIS	C	-1.27%
	MSCI	C	-1.26%
	CTSH	B	-1.23%
	YUM	B	-1.2%
	CBOE	B	-1.16%

LVHD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric REIT - Retail REIT - Diversified Utilities - Diversified Utilities - Regulated Gas REIT - Healthcare Facilities REIT - Industrial Beverages - Soft Drinks REIT - Hotel & Motel REIT - Residential Tobacco Advertising Agencies Confectioners Insurance - Property & Casualty Oil & Gas Midstream Packaged Foods Packaging & Containers REIT - Office Restaurants

Keywords: S&P 500 Real Estate Investment Trust Bank Natural Gas Banking Electricity Deposit Products Real Estate Loans Nasdaq 100 Trust Services Commercial Banking Real Estate Market Dow Jones Component Electric Utility Investment Management Retail Properties Asset Management Services Cash Management Services Gas Transmission Insurance

SCLZ: Top Represented Industries & Keywords

Industries: Business Services Drug Manufacturers - Major Restaurants Semiconductors Aerospace & Defense Beverages - Soft Drinks Confectioners Credit Services Diversified Industrials Farm & Construction Equipment Information Technology Services Insurance Brokers Software - Infrastructure Tobacco Apparel Stores Banks - Global Capital Markets Communication Equipment Consumer Electronics Drug Manufacturers - Specialty & Generic

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Computing Pharmaceutical Products Risk Management Work From Home Business Process Outsourcing CRM Electronics Operating System Smartphones Animal Health Beverage Products Business Process Outsourcing Services Cloud Computing Customer Relationship Management Diabetes Diagnostic Products Drink