WOMN vs. SCLZ ETF Comparison

Comparison of Impact Shares YWCA Womenas Empowerment ETF (WOMN) to Swan Enhanced Dividend Income ETF (SCLZ)

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.63

Average Daily Volume

4,032

Number of Holdings ^*

198

* 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

$53.49

Average Daily Volume

1,105

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WOMN	SCLZ
30 Days	2.82%	0.66%
60 Days	5.66%	3.39%
90 Days	7.58%	5.84%
12 Months	28.98%

8 Overlapping Holdings

Symbol	Grade	Weight in WOMN	Weight in SCLZ	Overlap
AAPL	C	5.02%	4.99%	4.99%
ABBV	C	1.55%	2.46%	1.55%
LLY	C	3.49%	4.32%	3.49%
MA	B	1.77%	2.49%	1.77%
MSFT	C	2.49%	5.0%	2.49%
UNH	C	2.47%	2.93%	2.47%
V	C	1.94%	2.75%	1.94%
VZ	B	0.82%	2.96%	0.82%

WOMN Overweight 190 Positions Relative to SCLZ

Symbol	Grade	Weight
META	A	4.85%
AMZN	C	4.47%
XOM	D	2.53%
CRM	D	2.27%
ADBE	F	2.23%
MCD	B	2.04%
CSCO	B	1.92%
ACN	C	1.9%
PG	C	1.82%
JNJ	C	1.82%
IBM	A	1.64%
INTU	C	1.56%
NOW	A	1.42%
CVX	D	1.31%
MRK	D	1.3%
KO	B	1.25%
BAC	D	1.25%
UBER	C	1.22%
PEP	D	1.17%
SBUX	C	1.03%
WFC	D	0.95%
GE	A	0.88%
AMGN	B	0.82%
INTC	F	0.81%
WMT	B	0.73%
NFLX	B	0.72%
UNP	C	0.71%
SPGI	A	0.7%
AXP	B	0.7%
PGR	A	0.67%
COP	D	0.65%
MSI	B	0.63%
MS	C	0.6%
BLK	B	0.6%
ELV	C	0.59%
ETN	C	0.59%
C	D	0.56%
REGN	C	0.55%
VRTX	D	0.54%
WDAY	D	0.51%
CI	C	0.5%
ADP	B	0.5%
GM	B	0.49%
AMT	C	0.49%
MDLZ	C	0.47%
F	F	0.46%
GILD	B	0.46%
ADSK	C	0.45%
TEL	D	0.43%
BMY	C	0.43%
UPS	F	0.43%
TT	A	0.39%
EQIX	B	0.39%
CL	C	0.39%
WM	D	0.37%
TGT	C	0.36%
HPQ	D	0.36%
MPWR	C	0.36%
TMUS	C	0.36%
YUM	F	0.36%
USB	B	0.35%
PYPL	B	0.34%
MMM	A	0.33%
WELL	C	0.33%
MCO	A	0.33%
LULU	D	0.29%
EBAY	B	0.29%
DECK	D	0.28%
EMR	D	0.28%
APD	B	0.27%
ECL	A	0.27%
PSX	D	0.26%
CARR	B	0.26%
HUBS	D	0.26%
NEM	B	0.26%
NSC	C	0.25%
KEYS	C	0.25%
ANSS	D	0.25%
FTV	C	0.24%
AIG	D	0.24%
WMB	B	0.24%
COF	A	0.24%
D	B	0.23%
SRE	B	0.23%
AEP	C	0.23%
KMB	D	0.22%
MET	A	0.22%
JCI	B	0.22%
BK	A	0.22%
TYL	C	0.22%
AMP	B	0.21%
ALL	B	0.21%
CMI	C	0.2%
RSG	D	0.19%
EXC	B	0.19%
GIS	B	0.19%
GWW	A	0.19%
PRU	C	0.19%
HPE	D	0.19%
PEG	A	0.18%
CTVA	B	0.18%
PCG	B	0.18%
PAYX	C	0.18%
VRSK	D	0.17%
KR	C	0.17%
BKR	C	0.17%
DOW	D	0.17%
DASH	B	0.17%
OXY	F	0.17%
BBY	C	0.16%
KHC	C	0.16%
HIG	B	0.16%
ED	C	0.16%
EA	D	0.16%
IR	C	0.16%
CBRE	A	0.16%
EIX	C	0.15%
IRM	B	0.15%
ADM	D	0.15%
DD	B	0.15%
XYL	D	0.15%
EXPE	C	0.15%
WSM	D	0.15%
GPN	D	0.14%
ROK	F	0.14%
OKTA	F	0.14%
VST	A	0.14%
CAH	C	0.13%
HSY	D	0.13%
A	C	0.13%
FITB	B	0.13%
WTW	C	0.13%
BIIB	F	0.13%
PPG	D	0.13%
IFF	C	0.12%
ETR	A	0.12%
DAL	C	0.12%
VTR	C	0.11%
SCI	C	0.11%
EL	F	0.11%
STT	B	0.11%
TROW	D	0.11%
CHD	C	0.11%
AWK	C	0.11%
RF	B	0.1%
RJF	C	0.1%
PPL	B	0.1%
CMS	B	0.09%
SYF	C	0.09%
BAX	C	0.09%
OMC	B	0.09%
BAH	B	0.09%
INVH	C	0.09%
K	A	0.09%
HBAN	B	0.09%
BMRN	F	0.08%
CNP	D	0.08%
KEY	B	0.08%
DAY	D	0.08%
PFG	B	0.08%
PINS	F	0.08%
NTRS	B	0.08%
ESS	C	0.08%
TRU	B	0.08%
CLX	C	0.08%
SWK	B	0.07%
CAG	C	0.07%
LNT	B	0.07%
OC	D	0.07%
LUV	C	0.07%
DOC	C	0.07%
HST	C	0.06%
IPG	C	0.06%
SJM	C	0.06%
CE	F	0.06%
NI	B	0.06%
ETSY	F	0.06%
PNR	B	0.06%
TAP	D	0.05%
CPB	B	0.05%
REXR	C	0.05%
ALB	F	0.05%
ELS	C	0.05%
Z	B	0.04%
CFG	C	0.04%
PNW	B	0.04%
MTCH	C	0.04%
RHI	D	0.03%
AGR	B	0.01%
ZG	B	0.01%

WOMN Underweight 2 Positions Relative to SCLZ

	Symbol	Grade	Weight
	JPM	D	-3.42%
	AVGO	C	-3.29%