FMCX vs. SCLZ ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to Swan Enhanced Dividend Income ETF (SCLZ)

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.39

Average Daily Volume

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

$54.45

Average Daily Volume

1,700

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	SCLZ
30 Days	3.30%	0.58%
60 Days	4.89%	1.63%
90 Days	8.18%	2.59%
12 Months	26.68%

13 Overlapping Holdings

Symbol	Grade	Weight in FMCX	Weight in SCLZ	Overlap
AAPL	C	6.93%	4.96%	4.96%
GD	F	0.13%	1.32%	0.13%
GOOGL	C	1.77%	5.41%	1.77%
HON	B	0.6%	1.65%	0.6%
JPM	A	0.3%	3.37%	0.3%
MCD	D	1.12%	1.75%	1.12%
MO	A	0.84%	1.49%	0.84%
MSFT	F	4.79%	4.84%	4.79%
PG	A	1.3%	2.43%	1.3%
PM	B	1.21%	1.8%	1.21%
UNH	C	6.84%	2.86%	2.86%
V	A	0.21%	2.85%	0.21%
YUM	B	1.18%	1.2%	1.18%

FMCX Overweight 39 Positions Relative to SCLZ

Symbol	Grade	Weight
KKR	A	6.14%
IAC	D	5.35%
AMZN	C	5.01%
GDDY	A	4.98%
LBRDK	C	4.24%
LSXMK	D	4.22%
GGG	B	3.98%
PYPL	B	3.9%
MTCH	D	3.18%
LSXMA	D	1.79%
LBRDA	C	1.74%
CMCSA	B	1.13%
AMGN	D	1.11%
KEYS	A	1.06%
VUSB	A	0.92%
ICSH	A	0.92%
GILD	C	0.87%
CL	D	0.85%
ENTG	D	0.82%
ARWR	F	0.72%
NKE	D	0.68%
DHR	F	0.55%
GOOG	C	0.5%
BAX	D	0.47%
YUMC	C	0.42%
MUSA	A	0.4%
SPGI	C	0.37%
MTX	B	0.33%
KEX	C	0.33%
EQR	B	0.3%
MUR	D	0.25%
FWONK	B	0.21%
BKNG	A	0.19%
FLWS	F	0.15%
BATRK	C	0.11%
PNR	A	0.1%
FWONA	B	0.05%
VMEO	B	0.03%
BATRA	F	0.02%

FMCX Underweight 36 Positions Relative to SCLZ

Symbol	Grade	Weight
AVGO	D	-3.47%
LLY	F	-2.99%
MA	C	-2.49%
HD	A	-2.48%
JNJ	D	-2.25%
ORCL	B	-2.18%
CSCO	B	-1.93%
KO	D	-1.89%
MRK	F	-1.83%
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%
TJX	A	-1.59%
ADP	B	-1.53%
SBUX	A	-1.48%
DE	A	-1.48%
APH	A	-1.47%
LMT	D	-1.44%
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%
CBOE	B	-1.16%
HSY	F	-1.09%