IWX vs. SCLZ ETF Comparison

Comparison of iShares Russell Top 200 Value ETF (IWX) to Swan Enhanced Dividend Income ETF (SCLZ)

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$84.83

Average Daily Volume

314,955

Number of Holdings ^*

158

* 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

$55.03

Average Daily Volume

1,681

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IWX	SCLZ
30 Days	4.44%	2.08%
60 Days	4.75%	2.59%
90 Days	7.01%	2.91%
12 Months	29.15%

31 Overlapping Holdings

Symbol	Grade	Weight in IWX	Weight in SCLZ	Overlap
ABT	B	1.21%	1.75%	1.21%
ACN	B	1.34%	1.71%	1.34%
ADP	A	0.05%	1.53%	0.05%
AON	A	0.45%	1.42%	0.45%
APH	B	0.21%	1.47%	0.21%
CAT	B	0.97%	1.76%	0.97%
CSCO	A	1.4%	1.93%	1.4%
CTAS	A	0.02%	1.37%	0.02%
DE	B	0.61%	1.48%	0.61%
GD	F	0.47%	1.32%	0.47%
HD	B	0.49%	2.48%	0.49%
HON	B	0.76%	1.65%	0.76%
ITW	A	0.3%	1.43%	0.3%
JNJ	D	2.24%	2.25%	2.24%
JPM	B	4.24%	3.37%	3.37%
KO	D	0.62%	1.89%	0.62%
LMT	D	0.47%	1.44%	0.47%
MCD	D	1.19%	1.75%	1.19%
MDLZ	F	0.52%	1.28%	0.52%
MMC	A	0.57%	1.43%	0.57%
MO	A	0.58%	1.49%	0.58%
PCAR	B	0.35%	1.42%	0.35%
PEP	F	0.28%	1.68%	0.28%
PG	A	1.87%	2.43%	1.87%
PM	A	1.2%	1.8%	1.2%
QCOM	F	0.07%	1.68%	0.07%
SBUX	B	0.15%	1.48%	0.15%
TJX	A	0.33%	1.59%	0.33%
TXN	D	0.97%	1.76%	0.97%
UNH	B	3.06%	2.86%	2.86%
ZTS	F	0.08%	1.32%	0.08%

IWX Overweight 127 Positions Relative to SCLZ

Symbol	Grade	Weight
BRK.A	B	5.18%
XOM	C	3.23%
WMT	A	2.2%
BAC	A	1.91%
CVX	A	1.68%
WFC	A	1.57%
LIN	D	1.3%
DIS	B	1.27%
TMO	F	1.18%
IBM	C	1.13%
VZ	B	1.06%
ABBV	D	1.0%
CMCSA	C	0.99%
T	A	0.98%
NEE	D	0.95%
SPGI	B	0.95%
RTX	D	0.95%
LOW	C	0.93%
BLK	C	0.93%
GE	C	0.91%
DHR	D	0.9%
MS	C	0.88%
ETN	A	0.86%
PFE	D	0.85%
GS	A	0.83%
COP	D	0.79%
C	B	0.79%
BSX	B	0.77%
CB	C	0.7%
TMUS	A	0.69%
BMY	B	0.69%
MDT	D	0.68%
GILD	B	0.66%
SCHW	A	0.65%
MU	F	0.64%
PLD	D	0.63%
ADI	D	0.62%
INTC	D	0.62%
AXP	A	0.61%
SYK	B	0.6%
UPS	C	0.59%
SO	C	0.58%
PH	A	0.54%
GEV	B	0.54%
PYPL	B	0.53%
ICE	D	0.53%
DUK	C	0.52%
PNC	A	0.5%
FI	A	0.5%
BA	F	0.49%
EQIX	A	0.49%
CME	A	0.49%
CI	D	0.49%
WELL	A	0.49%
EOG	C	0.47%
USB	A	0.47%
ELV	F	0.47%
AMD	F	0.45%
UNP	C	0.45%
REGN	F	0.44%
EMR	A	0.44%
APD	A	0.43%
KKR	A	0.43%
MRVL	B	0.42%
COF	B	0.42%
TGT	F	0.42%
CRH	A	0.41%
NOC	D	0.41%
CSX	B	0.41%
FDX	B	0.4%
CVS	D	0.4%
BDX	F	0.39%
CARR	D	0.38%
GM	C	0.38%
MAR	A	0.38%
TT	A	0.37%
FCX	F	0.37%
SLB	C	0.37%
TFC	B	0.37%
NSC	A	0.36%
CEG	C	0.36%
TRV	B	0.36%
VRTX	D	0.36%
MMM	C	0.35%
ROP	B	0.35%
SRE	B	0.35%
JCI	C	0.34%
TDG	D	0.33%
PSX	C	0.33%
MPC	D	0.33%
AEP	C	0.31%
MET	A	0.3%
AIG	B	0.3%
D	C	0.29%
HCA	F	0.29%
CRM	B	0.28%
NEM	F	0.28%
VLO	C	0.27%
MCK	B	0.27%
PSA	C	0.27%
MSI	B	0.26%
RSG	A	0.26%
F	C	0.26%
STZ	F	0.23%
CL	D	0.21%
NKE	F	0.21%
KDP	D	0.21%
EW	C	0.2%
OXY	F	0.2%
AMGN	F	0.2%
DELL	C	0.18%
KHC	D	0.17%
KMB	C	0.16%
PGR	A	0.14%
APO	A	0.13%
FTNT	B	0.07%
AMAT	F	0.07%
MRNA	F	0.07%
EL	F	0.06%
BKNG	A	0.06%
ECL	D	0.05%
SHW	A	0.05%
MNST	B	0.04%
DASH	A	0.04%
AZO	B	0.03%
ORLY	A	0.03%
CPRT	A	0.02%

IWX Underweight 18 Positions Relative to SCLZ

Symbol	Grade	Weight
GOOGL	C	-5.41%
AAPL	A	-4.96%
MSFT	C	-4.84%
AVGO	D	-3.47%
LLY	D	-2.99%
V	A	-2.85%
MA	A	-2.49%
ORCL	B	-2.18%
MRK	D	-1.83%
INTU	C	-1.81%
SNA	A	-1.38%
PAYX	B	-1.27%
OTIS	C	-1.27%
MSCI	B	-1.26%
CTSH	A	-1.23%
YUM	B	-1.2%
CBOE	B	-1.16%
HSY	F	-1.09%