RUNN vs. SCLZ ETF Comparison

Comparison of Running Oak Efficient Growth ETF (RUNN) to Swan Enhanced Dividend Income ETF (SCLZ)

RUNN

Running Oak Efficient Growth ETF

RUNN Description

The fund is in an actively managed exchange-traded fund ("ETF"). Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in exchange-traded equity securities of large and mid-sized U.S. companies with market capitalizations of at least $5 billion. The fund is roughly equally-weighted with 50-75 stocks typically held in the portfolio. The fund may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.57

Average Daily Volume

41,599

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

$54.50

Average Daily Volume

1,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RUNN	SCLZ
30 Days	1.62%	0.53%
60 Days	5.78%	0.73%
90 Days	8.51%	3.19%
12 Months	31.56%

8 Overlapping Holdings

Symbol	Grade	Weight in RUNN	Weight in SCLZ	Overlap
ACN	B	1.67%	1.73%	1.67%
ADP	A	1.81%	1.54%	1.54%
GD	C	1.67%	1.4%	1.4%
HON	B	1.71%	1.55%	1.55%
MMC	D	1.57%	1.41%	1.41%
TJX	A	1.58%	1.53%	1.53%
UNH	B	1.6%	2.9%	1.6%
V	A	1.77%	2.76%	1.77%

RUNN Overweight 47 Positions Relative to SCLZ

Symbol	Grade	Weight
EME	B	2.28%
SAIA	B	2.26%
GWW	B	2.04%
LDOS	C	2.02%
ETN	B	2.01%
CW	C	2.0%
PH	A	1.98%
FI	A	1.97%
NVT	C	1.97%
TXRH	A	1.92%
IR	A	1.9%
CACI	C	1.9%
J	D	1.89%
ITT	A	1.86%
AME	A	1.84%
WSO	B	1.83%
PRI	B	1.82%
FELE	B	1.82%
GOOG	C	1.8%
DECK	B	1.8%
TDY	B	1.79%
CSL	B	1.79%
FDS	A	1.79%
APD	B	1.79%
GGG	B	1.78%
NSC	B	1.76%
DRI	B	1.74%
RBA	B	1.72%
BSX	A	1.71%
TSCO	D	1.71%
DOX	C	1.7%
BRO	B	1.7%
BR	A	1.68%
TTC	F	1.67%
SYK	A	1.65%
BDX	F	1.64%
SSNC	C	1.63%
RSG	B	1.62%
ROP	A	1.62%
AJG	A	1.58%
ICE	C	1.54%
STE	D	1.52%
AVY	F	1.5%
FCN	F	1.45%
IQV	F	1.43%
CI	D	1.42%
ICLR	F	1.15%

RUNN Underweight 41 Positions Relative to SCLZ

Symbol	Grade	Weight
GOOGL	C	-5.52%
MSFT	C	-4.89%
AAPL	C	-4.89%
AVGO	C	-3.81%
LLY	F	-3.24%
JPM	A	-3.21%
MA	B	-2.44%
HD	B	-2.38%
PG	C	-2.3%
JNJ	D	-2.25%
ORCL	A	-2.16%
CSCO	A	-1.93%
KO	F	-1.92%
MRK	F	-1.9%
CAT	B	-1.84%
TXN	B	-1.83%
INTU	A	-1.77%
MCD	C	-1.75%
QCOM	F	-1.74%
PEP	D	-1.72%
ABT	C	-1.7%
PM	B	-1.67%
APH	B	-1.54%
DE	D	-1.49%
LMT	D	-1.48%
ITW	B	-1.43%
AON	B	-1.41%
PCAR	B	-1.41%
MO	A	-1.4%
SBUX	B	-1.4%
CTAS	B	-1.37%
SNA	A	-1.34%
PAYX	B	-1.3%
MDLZ	F	-1.3%
ZTS	D	-1.29%
CTSH	A	-1.28%
OTIS	D	-1.26%
YUM	B	-1.22%
MSCI	B	-1.2%
CBOE	D	-1.12%
HSY	F	-1.09%