DIVO vs. SCLZ ETF Comparison

Comparison of Amplify YieldShares CWP Dividend & Option Income ETF (DIVO) to Swan Enhanced Dividend Income ETF (SCLZ)

DIVO

Amplify YieldShares CWP Dividend & Option Income ETF

DIVO Description

The investment seeks to provide current income as its primary investment objective and to provide capital appreciation as its secondary investment objective. Under normal circumstances, the fund will invest at least 80% of its total assets in dividend-paying U.S. exchange-traded equity securities ("Equity Securities") and will opportunistically utilize an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on such Equity Securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.89

Average Daily Volume

231,185

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

$53.49

Average Daily Volume

1,105

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DIVO	SCLZ
30 Days	2.40%	0.66%
60 Days	3.07%	3.39%
90 Days	5.59%	5.84%
12 Months	19.46%

6 Overlapping Holdings

Symbol	Grade	Weight in DIVO	Weight in SCLZ	Overlap
AAPL	C	5.02%	4.99%	4.99%
JPM	D	4.66%	3.42%	3.42%
MSFT	C	5.05%	5.0%	5.0%
UNH	C	5.74%	2.93%	2.93%
V	C	5.45%	2.75%	2.75%
VZ	B	3.03%	2.96%	2.96%

DIVO Overweight 18 Positions Relative to SCLZ

Symbol	Grade	Weight
HD	A	5.3%
PG	C	5.01%
AMGN	B	5.0%
CAT	B	4.99%
GS	C	4.81%
HON	D	4.39%
IBM	A	4.05%
MRK	D	3.46%
WMT	B	3.44%
AXP	B	3.07%
CME	C	3.06%
TJX	C	3.04%
FCX	D	2.89%
CVX	D	2.8%
MCD	B	2.09%
MPC	D	1.83%
DUK	B	1.1%
DE	B	1.03%

DIVO Underweight 4 Positions Relative to SCLZ

Symbol	Grade	Weight
LLY	C	-4.32%
AVGO	C	-3.29%
MA	B	-2.49%
ABBV	C	-2.46%