Swan Defined Risk Growth C (SDACX)

Fund Assets	57.63M
Expense Ratio	2.506%
Min. Investment	$2,500
Turnover	14.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	15.88
YTD Return	7.28%
1-Year Return	10.41%
5-Year Return	34.69%
52-Week Low	13.75
52-Week High	16.13
Beta (5Y)	n/a
Holdings	20
Inception Date	Dec 27, 2018

About SDACX

Swan Defined Risk Growth Fund Class C is an open-end mutual fund that implements a growth-oriented, hedged equity strategy focused on U.S. large-cap exposure while managing market risk. According to the sponsor, the fund seeks capital appreciation by pairing core allocations to broad U.S. equity vehicles tied to the S&P 500 with a systematic overlay of long-term put options to hedge against significant market declines. It emphasizes a rules-based approach that avoids market timing and individual stock selection, relying instead on diversified and time-tested options strategies to target superior risk-adjusted results over a full market cycle. Portfolio disclosures indicate substantial use of an S&P 500 ETF for equity exposure alongside listed options and short-term instruments to implement the hedge. Key fund characteristics include an always-hedged posture using LEAPS, a growth profile designed for investors with higher risk tolerance, and an objective of potentially reducing downside risk and volatility relative to the S&P 500 Index over time.

• Fund Family: Swan
• Category: Options Trading
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SDACX
• Share Class: Class C Shares
• Index: S&P 500 TR

Performance

SDACX had a total return of 10.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.14%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FMGKX	Fidelity	Fidelity Magellan K	0.57%
FEQDX	Fidelity	Fidelity Advisor Hedged Equity C	1.55%
FEQJX	Fidelity	Fidelity Advisor Hedged Equity I	0.55%
FEQNX	Fidelity	Fidelity Advisor Hedged Equity M	1.05%
FEQZX	Fidelity	Fidelity Advisor Hedged Equity Z	0.50%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SDAIX	Class I Shares	1.43%
SDAAX	Class A Shares	1.68%

Top 10 Holdings

102.15% of assets

Name	Symbol	Weight
iShares Core S&P 500 ETF	IVV	89.83%
SPX US 12/17/27 C7500	n/a	5.82%
SPX US 12/17/27 P7050	n/a	2.34%
First American Government Obligs X	FGXXX	1.85%
SPX US 12/17/27 P6900	n/a	1.78%
SPXW US 08/14/26 P7100	n/a	0.14%
SPX US 12/17/27 P6400	n/a	0.13%
SPXW US 08/07/26 P7100	n/a	0.11%
VIX US 07/22/26 P17.5	n/a	0.08%
SPX US 07/17/26 P7280	n/a	0.08%

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	$0.0717	Dec 29, 2020
Dec 26, 2019	$0.1959	Dec 26, 2019

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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