SCLZ vs. MDLV ETF Comparison

Comparison of Swan Enhanced Dividend Income ETF (SCLZ) to Morgan Dempsey Large Cap Value ETF (MDLV)

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

MDLV

Morgan Dempsey Large Cap Value ETF

MDLV Description

The investment seeks to provide a high level of current income and long-term capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in dividend paying companies that the fund’s sub-adviser, Morgan Dempsey Capital Management, LLC (the “Sub-Adviser”), believes are attractively valued. Under normal circumstances, the fund will invest at least 80% of its net assets in equity securities of large cap companies, which it defines as companies larger than $25 billion in market capitalization.

Grade (RS Rating)

Last Trade

$27.38

Average Daily Volume

8,118

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SCLZ	MDLV
30 Days	0.58%	0.14%
60 Days	1.63%	0.70%
90 Days	2.59%	3.79%
12 Months		20.78%

11 Overlapping Holdings

Symbol	Grade	Weight in SCLZ	Weight in MDLV	Overlap
CSCO	B	1.93%	3.17%	1.93%
GD	F	1.32%	2.75%	1.32%
HSY	F	1.09%	0.98%	0.98%
JNJ	D	2.25%	2.11%	2.11%
KO	D	1.89%	2.73%	1.89%
LMT	D	1.44%	3.53%	1.44%
MCD	D	1.75%	1.64%	1.64%
MRK	F	1.83%	2.3%	1.83%
PG	A	2.43%	1.96%	1.96%
PM	B	1.8%	3.31%	1.8%
SBUX	A	1.48%	1.74%	1.48%

SCLZ Overweight 38 Positions Relative to MDLV

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%
HD	A	2.48%
ORCL	B	2.18%
INTU	C	1.81%
CAT	B	1.76%
TXN	C	1.76%
ABT	B	1.75%
ACN	C	1.71%
QCOM	F	1.68%
PEP	F	1.68%
HON	B	1.65%
TJX	A	1.59%
ADP	B	1.53%
MO	A	1.49%
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%
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%

SCLZ Underweight 24 Positions Relative to MDLV

Symbol	Grade	Weight
XOM	B	-3.98%
ETR	B	-3.68%
T	A	-3.58%
WEC	A	-3.4%
C	A	-3.34%
CVX	A	-3.32%
CMI	A	-3.2%
IBM	C	-3.17%
PRU	A	-2.98%
CCI	D	-2.79%
BIL	A	-2.77%
VZ	C	-2.76%
MDT	D	-2.74%
GILD	C	-2.61%
UPS	C	-2.6%
DUK	C	-2.51%
LYB	F	-2.5%
SO	D	-2.44%
ES	D	-2.4%
GIS	D	-2.2%
KHC	F	-2.18%
PSX	C	-2.04%
PFE	D	-2.03%
RIO	D	-1.41%