Swan Hedged Equity US Large Cap ETF (HEGD)

Assets	$623.99M
Expense Ratio	0.88%
PE Ratio	n/a
Shares Out	24.45M
Dividend (ttm)	$0.09
Dividend Yield	0.35%
Ex-Dividend Date	Dec 23, 2025
Payout Frequency	Annual
Payout Ratio	n/a

Volume	66,816
Open	25.49
Previous Close	25.51
Day's Range	25.49 - 25.60
52-Week Low	21.11
52-Week High	25.75
Beta	0.56
Holdings	15
Inception Date	Dec 22, 2020

About HEGD

Fund Home Page

The Swan Hedged Equity US Large Cap ETF (HEGD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides hedged exposure to US large-cap companies using ETFs and options. HEGD was launched on Dec 22, 2020 and is issued by Swan.

• Asset Class: Equity
• Category: Equity Hedged
• Region: North America
• Stock Exchange: BATS
• Ticker Symbol: HEGD
• ETF Provider: Swan

Top 10 Holdings

114.42% of assets

Name	Symbol	Weight
State Street® SPDR® S&P 500® ETF	n/a	89.42%
Option on S&P 500 PR	n/a	9.75%
Option on S&P 500 PR	n/a	7.78%
Option on S&P 500 PR	n/a	3.48%
Put On S&P 500 Mar26	n/a	1.34%
Put On S&P 500 Mar26	n/a	0.82%
Option on S&P 500 PR	n/a	0.70%
Option on S&P 500 PR	n/a	0.44%
First American Government Obligations Fund	FGXXX	0.36%
OTHER ASSETS AND LIABILITIES	n/a	0.31%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$0.09032	Dec 24, 2025
Dec 27, 2024	$0.09645	Dec 30, 2024
Dec 28, 2023	$0.0759	Jan 2, 2024
Dec 29, 2022	$0.14915	Jan 3, 2023
Dec 29, 2021	$0.06139	Dec 31, 2021

Performance

HEGD had a total return of 12.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.37%.