TBG vs. SCLZ ETF Comparison

Comparison of TBG Dividend Focus ETF (TBG) to Swan Enhanced Dividend Income ETF (SCLZ)

TBG

TBG Dividend Focus ETF

TBG Description

The fund seeks to achieve its investment objective by investing in equity securities of small-, mid- and large- capitalization companies that the sub-adviser believes have the potential to grow their dividends over time. The fund will invest primarily in companies that have operations in and/or domiciled in the U.S. and that trade on U.S. stock exchanges. In addition, the fund may invest in real estate investment trusts (REITs) and master limited partnerships (MLPs).

Grade (RS Rating)

Last Trade

$33.72

Average Daily Volume

16,908

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

$54.36

Average Daily Volume

1,700

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TBG	SCLZ
30 Days	3.97%	0.42%
60 Days	5.35%	1.47%
90 Days	9.29%	2.43%
12 Months	34.63%

11 Overlapping Holdings

Symbol	Grade	Weight in TBG	Weight in SCLZ	Overlap
AVGO	D	1.41%	3.47%	1.41%
CSCO	B	4.13%	1.93%	1.93%
JNJ	D	1.54%	2.25%	1.54%
JPM	A	2.1%	3.37%	2.1%
LMT	D	2.47%	1.44%	1.44%
MCD	D	1.22%	1.75%	1.22%
MRK	F	3.23%	1.83%	1.83%
PEP	F	1.98%	1.68%	1.68%
PG	A	2.72%	2.43%	2.43%
SBUX	A	1.73%	1.48%	1.48%
TXN	C	2.49%	1.76%	1.76%

TBG Overweight 22 Positions Relative to SCLZ

Symbol	Grade	Weight
SPG	B	4.54%
CVX	A	4.33%
GILD	C	4.28%
IBM	C	4.27%
ET	A	4.0%
LYB	F	3.98%
VZ	C	3.89%
CMI	A	3.72%
EPD	A	3.69%
BX	A	3.66%
TFC	A	3.54%
KVUE	A	3.08%
OWL	A	3.07%
AEP	D	2.8%
MS	A	2.54%
GIS	D	2.52%
LAMR	D	2.51%
MC	B	2.22%
APO	B	2.08%
CLX	B	2.01%
AMGN	D	2.0%
XOM	B	1.96%

TBG Underweight 38 Positions Relative to SCLZ

Symbol	Grade	Weight
GOOGL	C	-5.41%
AAPL	C	-4.96%
MSFT	F	-4.84%
LLY	F	-2.99%
UNH	C	-2.86%
V	A	-2.85%
MA	C	-2.49%
HD	A	-2.48%
ORCL	B	-2.18%
KO	D	-1.89%
INTU	C	-1.81%
PM	B	-1.8%
CAT	B	-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%
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%
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%