YLDE vs. SCLZ ETF Comparison

Comparison of ClearBridge Dividend Strategy ESG ETF (YLDE) to Swan Enhanced Dividend Income ETF (SCLZ)

YLDE

ClearBridge Dividend Strategy ESG ETF

YLDE Description

The investment seeks dividend income, growth of dividend income and long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in dividend-paying stocks or other instruments with similar economic characteristics that offer the potential for income growth and capital appreciation over time and that meet its financial and environmental, social and governance (ESG) criteria. The fund may also invest in companies that the subadviser believes are making substantial progress toward becoming a leader in ESG policies.

Grade (RS Rating)

Last Trade

$53.21

Average Daily Volume

3,110

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

$54.78

Average Daily Volume

1,684

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	YLDE	SCLZ
30 Days	4.28%	1.62%
60 Days	6.15%	2.11%
90 Days	8.39%	2.25%
12 Months	25.19%

17 Overlapping Holdings

Symbol	Grade	Weight in YLDE	Weight in SCLZ	Overlap
AAPL	B	2.1%	4.96%	2.1%
AVGO	D	2.57%	3.47%	2.57%
CSCO	A	1.15%	1.93%	1.15%
GOOGL	C	1.88%	5.41%	1.88%
HD	A	1.48%	2.48%	1.48%
HON	B	1.58%	1.65%	1.58%
JNJ	D	1.26%	2.25%	1.26%
JPM	B	3.36%	3.37%	3.36%
KO	D	1.84%	1.89%	1.84%
MRK	F	1.57%	1.83%	1.57%
MSFT	D	3.69%	4.84%	3.69%
ORCL	C	2.41%	2.18%	2.18%
PG	A	1.61%	2.43%	1.61%
SBUX	B	1.14%	1.48%	1.14%
TXN	D	0.65%	1.76%	0.65%
UNH	B	1.64%	2.86%	1.64%
V	A	2.77%	2.85%	2.77%

YLDE Overweight 33 Positions Relative to SCLZ

Symbol	Grade	Weight
WMB	B	4.25%
SRE	A	3.56%
APO	A	3.25%
CMCSA	C	2.98%
BDX	F	2.95%
TMUS	A	2.85%
TRV	B	2.74%
KMI	B	2.51%
LIN	D	2.43%
VMC	B	2.3%
COF	B	2.06%
MET	A	1.99%
AVB	B	1.91%
HLN	D	1.73%
AMT	D	1.68%
UNP	C	1.64%
WM	A	1.55%
SAP	B	1.54%
EQT	B	1.51%
APD	A	1.46%
EIX	A	1.44%
PNC	A	1.3%
DTE	C	1.25%
AZN	F	1.09%
PSA	C	1.02%
FCX	F	0.96%
PPG	D	0.88%
AIG	B	0.87%
DIS	B	0.86%
NUE	D	0.85%
GILD	B	0.78%
GM	B	0.76%
UPS	C	0.47%

YLDE Underweight 32 Positions Relative to SCLZ

Symbol	Grade	Weight
LLY	F	-2.99%
MA	B	-2.49%
INTU	C	-1.81%
PM	B	-1.8%
CAT	B	-1.76%
ABT	B	-1.75%
MCD	D	-1.75%
ACN	B	-1.71%
QCOM	F	-1.68%
PEP	F	-1.68%
TJX	A	-1.59%
ADP	B	-1.53%
MO	A	-1.49%
DE	B	-1.48%
APH	B	-1.47%
LMT	D	-1.44%
ITW	A	-1.43%
MMC	A	-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	B	-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%