SCLZ vs. RAFE ETF Comparison

Comparison of Swan Enhanced Dividend Income ETF (SCLZ) to PIMCO RAFI ESG U.S. ETF (RAFE)

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

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$36.79

Average Daily Volume

5,261

Number of Holdings ^*

233

* may have additional holdings in another (foreign) market

Performance

Period	SCLZ	RAFE
30 Days	0.66%	2.16%
60 Days	3.39%	2.27%
90 Days	5.84%	4.10%
12 Months		25.55%

10 Overlapping Holdings

Symbol	Grade	Weight in SCLZ	Weight in RAFE	Overlap
AAPL	C	4.99%	5.15%	4.99%
ABBV	C	2.46%	1.46%	1.46%
AVGO	C	3.29%	1.05%	1.05%
JPM	D	3.42%	2.99%	2.99%
LLY	C	4.32%	0.74%	0.74%
MA	B	2.49%	0.6%	0.6%
MSFT	C	5.0%	4.99%	4.99%
UNH	C	2.93%	0.99%	0.99%
V	C	2.75%	0.84%	0.84%
VZ	B	2.96%	1.0%	1.0%

SCLZ Overweight 0 Positions Relative to RAFE

	Symbol	Grade	Weight

SCLZ Underweight 223 Positions Relative to RAFE

Symbol	Grade	Weight
JNJ	C	-2.76%
PG	C	-2.37%
C	D	-2.36%
T	C	-2.05%
PFE	C	-2.04%
CSCO	B	-2.02%
META	A	-1.99%
WFC	D	-1.83%
INTC	F	-1.72%
IBM	A	-1.64%
MRK	D	-1.62%
GM	B	-1.57%
HD	A	-1.37%
QCOM	F	-1.37%
ORCL	B	-1.31%
BMY	C	-1.22%
CI	C	-1.2%
CMCSA	D	-1.15%
BAC	D	-1.13%
LIN	B	-1.09%
AMGN	B	-1.06%
ELV	C	-1.04%
MMM	A	-0.97%
ABT	C	-0.93%
TGT	C	-0.92%
KO	B	-0.92%
LOW	A	-0.9%
F	F	-0.87%
DIS	D	-0.82%
ACN	C	-0.76%
MU	F	-0.75%
AMAT	D	-0.72%
GILD	B	-0.71%
TXN	C	-0.7%
MET	A	-0.57%
NVDA	D	-0.53%
HPQ	D	-0.52%
AXP	B	-0.52%
ADBE	F	-0.52%
DD	B	-0.51%
ALL	B	-0.49%
BLK	B	-0.49%
DOW	D	-0.46%
GS	C	-0.46%
FDX	F	-0.46%
PRU	C	-0.45%
BBY	C	-0.45%
NEM	B	-0.45%
HPE	D	-0.44%
LRCX	F	-0.44%
PYPL	B	-0.42%
DE	B	-0.4%
UPS	F	-0.4%
CL	C	-0.4%
TJX	C	-0.39%
NKE	D	-0.38%
JCI	B	-0.38%
DHR	C	-0.34%
ADP	B	-0.33%
FIS	B	-0.33%
WM	D	-0.33%
CARR	B	-0.33%
TSLA	C	-0.32%
TMUS	C	-0.32%
PGR	A	-0.31%
WDC	D	-0.3%
MCK	F	-0.29%
IP	C	-0.29%
BIIB	F	-0.28%
WELL	C	-0.28%
KMB	D	-0.28%
GIS	B	-0.28%
APD	B	-0.28%
MDLZ	C	-0.27%
CCI	C	-0.26%
BDX	F	-0.26%
CMI	C	-0.26%
CBRE	A	-0.26%
EBAY	B	-0.25%
HUM	F	-0.25%
NTAP	D	-0.25%
ECL	A	-0.24%
CRM	D	-0.24%
LUMN	C	-0.23%
ITW	C	-0.23%
CVS	F	-0.22%
ADI	C	-0.22%
CAH	C	-0.22%
WY	C	-0.21%
ADM	D	-0.21%
AMP	B	-0.21%
HIG	B	-0.21%
EA	D	-0.21%
STT	B	-0.2%
EIX	C	-0.2%
VTR	C	-0.19%
KHC	C	-0.19%
SYY	D	-0.19%
IRM	B	-0.19%
MAR	C	-0.19%
EQIX	B	-0.18%
JLL	B	-0.17%
PPG	D	-0.17%
AMT	C	-0.17%
MSI	B	-0.16%
JNPR	A	-0.16%
SPGI	A	-0.16%
CTSH	C	-0.16%
BK	A	-0.16%
SYK	C	-0.16%
DVA	B	-0.16%
OC	D	-0.15%
KLAC	D	-0.15%
GEHC	C	-0.15%
WHR	C	-0.15%
EQR	C	-0.14%
VFC	C	-0.14%
BSX	B	-0.14%
K	A	-0.14%
GWW	A	-0.14%
BALL	C	-0.14%
SHW	B	-0.14%
AVB	C	-0.13%
PLD	C	-0.13%
ARW	C	-0.13%
BAX	C	-0.13%
PARA	F	-0.13%
DG	F	-0.13%
A	C	-0.13%
MCO	A	-0.13%
PFG	B	-0.13%
AWK	C	-0.12%
MOS	F	-0.12%
KDP	B	-0.12%
TSN	D	-0.12%
NFLX	B	-0.12%
AMD	D	-0.12%
KSS	F	-0.12%
CF	C	-0.11%
SOLV	C	-0.11%
VTRS	D	-0.11%
GAP	F	-0.11%
WBA	F	-0.11%
EW	F	-0.11%
OMC	B	-0.11%
ZTS	C	-0.11%
PKG	B	-0.11%
CDW	D	-0.1%
ISRG	C	-0.1%
HLT	B	-0.1%
DGX	C	-0.09%
EL	F	-0.09%
PVH	F	-0.09%
TSCO	C	-0.09%
LNC	D	-0.09%
TER	D	-0.09%
CDNS	D	-0.09%
HST	C	-0.09%
FITB	B	-0.09%
LEA	F	-0.08%
IFF	C	-0.08%
TPR	C	-0.08%
HOLX	C	-0.08%
OTIS	C	-0.08%
WAT	C	-0.08%
AVT	C	-0.08%
SJM	C	-0.08%
SWK	B	-0.08%
FOXA	B	-0.08%
ON	F	-0.08%
MHK	C	-0.08%
AKAM	D	-0.07%
USFD	B	-0.07%
HAS	B	-0.07%
FAST	C	-0.07%
DOX	C	-0.07%
PAYX	C	-0.07%
GPC	D	-0.07%
LKQ	F	-0.07%
MRVL	C	-0.06%
O	C	-0.06%
EQH	C	-0.06%
RSG	D	-0.06%
MCHP	D	-0.06%
SNPS	D	-0.06%
MAA	C	-0.06%
DOV	B	-0.06%
HSY	D	-0.05%
FLEX	C	-0.05%
DXC	C	-0.05%
XRX	F	-0.05%
FL	D	-0.05%
CPB	B	-0.05%
ESS	C	-0.05%
CHD	C	-0.05%
BKNG	B	-0.05%
DELL	C	-0.05%
TROW	D	-0.04%
ROK	F	-0.04%
CTVA	B	-0.04%
NWL	D	-0.04%
NTRS	B	-0.04%
CAG	C	-0.04%
KEYS	C	-0.04%
OGN	D	-0.04%
WU	D	-0.04%
HUN	D	-0.04%
HSIC	D	-0.04%
KD	D	-0.03%
AAP	F	-0.03%
AGCO	D	-0.03%
VNO	B	-0.03%
ORLY	D	-0.02%
NWSA	D	-0.02%
ILMN	C	-0.02%
GT	F	-0.02%
KLG	C	-0.01%
HRL	D	-0.01%
WAB	A	-0.01%
NDAQ	A	-0.01%
MAN	C	-0.01%
KIM	C	-0.01%
ANET	A	-0.01%