NOBL vs. SCLZ ETF Comparison

Comparison of ProShares S&P 500 Aristocrats ETF (NOBL) to Swan Enhanced Dividend Income ETF (SCLZ)

NOBL

ProShares S&P 500 Aristocrats ETF

NOBL Description

The investment seeks investment results before fees and expenses that track the performance of the S&P 500Â® Dividend AristocratsÂ® Index (the "index"). The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the index). The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight.

Grade (RS Rating)

Last Trade

$106.96

Average Daily Volume

423,177

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	NOBL	SCLZ
30 Days	1.07%	0.58%
60 Days	1.14%	1.63%
90 Days	3.79%	2.59%
12 Months	20.86%

11 Overlapping Holdings

Symbol	Grade	Weight in NOBL	Weight in SCLZ	Overlap
ABT	B	1.53%	1.75%	1.53%
ADP	B	1.56%	1.53%	1.53%
CAT	B	1.51%	1.76%	1.51%
CTAS	B	1.57%	1.37%	1.37%
GD	F	1.44%	1.32%	1.32%
ITW	B	1.6%	1.43%	1.43%
JNJ	D	1.43%	2.25%	1.43%
KO	D	1.39%	1.89%	1.39%
MCD	D	1.46%	1.75%	1.46%
PEP	F	1.39%	1.68%	1.39%
PG	A	1.53%	2.43%	1.53%

NOBL Overweight 54 Positions Relative to SCLZ

Symbol	Grade	Weight
EMR	A	1.81%
GPC	D	1.67%
CINF	A	1.67%
ALB	C	1.66%
DOV	A	1.65%
BEN	C	1.64%
FAST	B	1.64%
GWW	B	1.64%
CHD	B	1.63%
PNR	A	1.62%
CVX	A	1.62%
CAH	B	1.62%
TROW	B	1.61%
CLX	B	1.61%
NUE	C	1.58%
TGT	F	1.58%
BRO	B	1.58%
KVUE	A	1.57%
SHW	A	1.57%
ATO	A	1.56%
CHRW	C	1.56%
SPGI	C	1.55%
WMT	A	1.54%
ROP	B	1.54%
APD	A	1.54%
NDSN	B	1.54%
SYY	B	1.54%
XOM	B	1.53%
EXPD	D	1.53%
AFL	B	1.52%
LOW	D	1.52%
ESS	B	1.52%
KMB	D	1.51%
FRT	B	1.5%
CB	C	1.49%
PPG	F	1.47%
ECL	D	1.46%
MDT	D	1.46%
IBM	C	1.45%
MKC	D	1.44%
CL	D	1.44%
SJM	D	1.43%
LIN	D	1.43%
HRL	D	1.43%
BDX	F	1.42%
WST	C	1.41%
AOS	F	1.41%
ADM	D	1.41%
NEE	D	1.4%
AMCR	D	1.39%
ED	D	1.37%
O	D	1.36%
ABBV	D	1.33%
SWK	D	1.28%

NOBL Underweight 38 Positions Relative to SCLZ

Symbol	Grade	Weight
GOOGL	C	-5.41%
AAPL	C	-4.96%
MSFT	F	-4.84%
AVGO	D	-3.47%
JPM	A	-3.37%
LLY	F	-2.99%
UNH	C	-2.86%
V	A	-2.85%
MA	C	-2.49%
HD	A	-2.48%
ORCL	B	-2.18%
CSCO	B	-1.93%
MRK	F	-1.83%
INTU	C	-1.81%
PM	B	-1.8%
TXN	C	-1.76%
ACN	C	-1.71%
QCOM	F	-1.68%
HON	B	-1.65%
TJX	A	-1.59%
MO	A	-1.49%
SBUX	A	-1.48%
DE	A	-1.48%
APH	A	-1.47%
LMT	D	-1.44%
MMC	B	-1.43%
PCAR	B	-1.42%
AON	A	-1.42%
SNA	A	-1.38%
ZTS	D	-1.32%
MDLZ	F	-1.28%
PAYX	C	-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%