Swan Defined Risk Growth Fund Class A Shares (SDAAX)
| Fund Assets | 53.98M |
| Expense Ratio | 1.68% |
| Min. Investment | $2,500 |
| Turnover | 54.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 1.71% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 15.56 |
| YTD Return | -5.80% |
| 1-Year Return | 4.78% |
| 5-Year Return | 36.28% |
| 52-Week Low | 13.10 |
| 52-Week High | 16.76 |
| Beta (5Y) | 0.64 |
| Holdings | 11 |
| Inception Date | Dec 27, 2018 |
About SDAAX
Swan Defined Risk Growth Fund Class A is an open-end mutual fund that employs a unique hedged equity approach focused on U.S. large-cap equities, particularly those represented in the S&P 500 Index. The fund’s primary objective is to achieve long-term capital appreciation while managing downside risk through its proprietary Defined Risk Strategy. This strategy combines direct and indirect investments in large-cap U.S. equities or ETFs with a disciplined use of exchange-traded options, notably long-term put options, to hedge against market downturns and minimize losses during bear markets. Additionally, the fund uses put and call options on various equity indices to enhance return potential. Its portfolio construction distinguishes itself by emphasizing growth over protection, devoting a smaller portion of the budget to hedges and instead increasing equity exposure for capital growth. The Swan Defined Risk Growth Fund Class A plays a notable role in the market by offering growth-oriented investors a way to participate in equity market upside while seeking to limit drawdowns during periods of market stress, thus catering to those who value both return potential and risk mitigation in their investment strategy.
Performance
SDAAX had a total return of 4.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.16%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FALCX | Fidelity | Fidelity Rutland Square Trust II - Strategic Advisers Large Cap Fund | 0.24% |
| FLCEX | Fidelity | Fidelity Large Cap Core Enhanced Index Fund | 0.39% |
| VQNPX | Vanguard | Vanguard Growth and Income Fund Investor Shares | 0.36% |
| FMGKX | Fidelity | Fidelity Magellan Fund - Class K | 0.40% |
| FMAGX | Fidelity | Fidelity Magellan Fund | 0.47% |
Top 10 Holdings
100.61% of assets| Name | Symbol | Weight |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 91.06% |
| SPX US 12/18/26 C6900 | n/a | 3.48% |
| First American Government Obligations Fund | FGXXX | 3.47% |
| SPX US 12/18/26 P5750 | n/a | 2.58% |
| SPXW US 12/31/25 P5500 | n/a | 0.33% |
| SPXW US 12/31/25 P5100 | n/a | 0.20% |
| SPXW US 09/30/25 P6200 | n/a | 0.00% |
| SPXW US 09/30/25 P6400 | n/a | 0.00% |
| SPXW US 09/30/25 P6000 | n/a | 0.00% |
| SPXW US 12/31/25 P5300 | n/a | -0.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.2853 | Dec 30, 2024 |
| Dec 27, 2023 | $3.525 | Dec 28, 2023 |
| Dec 29, 2020 | $0.0718 | Dec 29, 2020 |
| Dec 26, 2019 | $0.1896 | Dec 26, 2019 |