SCLZ

Swan Enhanced Dividend Income E

Swan · Income

$56.43▼ −0.3% last session▲ +7.7% YTD

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▼ −0.3%	▼ −0.5%	▲ +3.4%	▲ +9.8%	▲ +10.0%	—	—	▲ +36.5%
Peer average	▼ −0.6%	▼ −0.9%	▲ +2.0%	▲ +6.6%	▲ +7.8%	▲ +47.4%	▲ +58.3%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in SCLZ

What’s in this fund

SCLZSwan Enhanced Dividend Income E

71 largest holdings

As of Oct 30, 2026

Technology38.6%

MSFT7.0%AAPL6.5%NVDA6.1%AVGO3.1%AMD3.0%MU2.8%CSCO2.0%PLTR1.9%INTC1.8%AMAT1.6%LRCX1.5%TTWOUBER

Financial Services12.4%

JPM3.2%BRK-B3.1%V2.4%MA1.8%GS0.9%WFC0.9%

Healthcare10.2%

LLY3.2%JNJ2.1%ABBV1.6%UNH1.3%MRK1.2%AMGN

Communication Services9.1%

META3.6%GOOGL1.5%GOOG1.3%T0.8%TMUS

DIS

Consumer Cyclical8.9%

AMZN3.3%TSLA2.7%HD0.8%MCDTJXLOWHLT

Industrials7.2%

GE1.6%CAT1.5%RTX1.4%GEV1.2%DE

Consumer Defensive5.0%

WMT1.3%COST1.1%KO0.9%PM MO

Energy4.0%

XOM1.8%CVX1.3%PSXWMB

Utilities2.1%

DUKCEGAEPD

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 · as of Oct 30, 2026

1MSFTMICROSOFT CORP7.04%2AAPLAPPLE INC6.50%3NVDANVIDIA CORP6.13%4METAMETA PLATFORMS-A3.56%5AMZNAMAZON.COM INC3.29%6LLYELI LILLY & CO3.24%7JPMJPMORGAN CHASE3.22%8BRK-BBERKSHIRE HATH-B3.14%9AVGOBROADCOM INC3.12%10AMDADV MICRO DEVICE3.01%11MUMICRON TECH2.76%12TSLATESLA INC2.72%13VVISA INC-CLASS A2.38%14JNJJOHNSON&JOHNSON2.10%15CSCOCISCO SYSTEMS2.00%16PLTRPALANTIR TECHN-A1.89%17XOMEXXONMOBIL HOLDI1.83%18INTCINTEL CORP1.82%19MAMASTERCARD INC-A1.78%

20—FRST AM-GV OB-X1.71%

Go deeper

Prospectus & documentsRead the official filings

Fund factsStructure & strategy

Issuer: Swan
Inception: 2024-02-26
Exchange: CBOE
CUSIP: 66538R532
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

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.

Trading & liquidityNAV, volume & spreads

Reported net asset value: $56.55
NAV provider updated: 2026-10-30 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 1.1K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 8.2%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-22

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Ex-date	Pay date	Per share
2026-10-22	2026-10-27	$0.40
2026-09-24	2026-09-29	$0.41
2026-08-20	2026-08-25	$0.40
2026-07-24	2026-07-29	$0.40
2026-06-25	2026-06-30	$0.39
2026-05-21	2026-05-26	$0.39
2026-04-23	2026-04-28	$0.38
2026-03-19	2026-03-24	$0.37
2026-02-19	2026-02-24	$0.37
2026-01-22	2026-01-27	$0.37
2025-12-19	2025-12-24	$0.37
2025-11-21	2025-11-26	$0.37

Fees & costsWhat ownership costs

Net expense ratio: 0.79%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $79.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 3/5 · rule-based
Annualized volatility · 1Y: 10.51%
Beta vs VOO · 1Y: —
Maximum drawdown · 1Y: ▼ −7.0%

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind SCLZ.

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