SCLZSwan Enhanced Dividend Income ETF
Seeks primarily income through dividend-paying stocks.
By Swan Capital Management LLC · Launched 2024
0.79%
#4,056 of 5,573 · expensive
$18M
#4,418 of 5,573 · small
9.14%
2 years
#3,450 of 5,573 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 45.1% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks primarily income through dividend-paying stocks.
- Strategy
- Actively invests primarily in large-cap and mid-cap U.S. dividend-paying common stocks, using a quantitative screening process. Enhances returns by writing covered call options on its stock portfolio, aiming for approximately 50 holdings.
- Inception date
- February 26, 2024
- Fund family
- Swan Capital Management LLC
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-20