Swan Defined Risk Growth Fund Class I Shares (SDAIX)

Fund Assets	57.63M
Expense Ratio	1.485%
Min. Investment	$100,000
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	17.16
YTD Return	8.18%
1-Year Return	11.54%
5-Year Return	41.80%
52-Week Low	14.78
52-Week High	17.41
Beta (5Y)	n/a
Holdings	20
Inception Date	Dec 27, 2018

About SDAIX

Swan Defined Risk Growth Fund Class I is a mutual fund structured as a hedged equity vehicle, targeting investors seeking long-term capital appreciation with a focus on downside risk management. The fund primarily invests in large-cap U.S. equities, closely tracking the performance of the S&P 500 Index through direct or indirect exposure. Its strategy combines equity holdings, notably a significant allocation to an S&P 500 ETF, with the use of options contracts—such as calls and protective puts—to hedge against significant market declines. This defined risk approach aims to participate in market growth while seeking to mitigate losses during market downturns. The fund falls within the equity hedged category and is classified under a large blend investment style. By blending growth potential with risk controls, it appeals to investors who desire equity exposure but are mindful of market volatility and drawdowns. Swan Defined Risk Growth Fund Class I plays a distinctive role in the market by offering a systematic, rules-based framework for managing equity risk over the long term.

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

Performance

SDAIX had a total return of 11.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.12%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
VPMAX	Vanguard	Vanguard PRIMECAP Adm	0.28%
VGIAX	Vanguard	Vanguard Growth & Income Adm	0.28%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
SDAAX	Class A Shares	1.68%
SDACX	Class C Shares	2.43%

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	$0.0839	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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