Swan Defined Risk Fund Class C Shares (SDRCX)
| Fund Assets | 618.68M |
| Expense Ratio | 2.27% |
| Min. Investment | $2,500 |
| Turnover | 12.00% |
| Dividend (ttm) | 1.56 |
| Dividend Yield | 11.82% |
| Dividend Growth | 70.14% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 13.18 |
| YTD Return | -2.66% |
| 1-Year Return | 8.26% |
| 5-Year Return | 18.57% |
| 52-Week Low | 12.87 |
| 52-Week High | 15.22 |
| Beta (5Y) | n/a |
| Holdings | 30 |
| Inception Date | Oct 18, 2012 |
About SDRCX
Swan Defined Risk Fund Class C Shares is an actively managed mutual fund designed to provide long-term capital appreciation while seeking to manage downside risk. The fund primarily follows a hedged equity strategy, investing in U.S. large-cap equities—often through funds like the iShares Core S&P 500 ETF—alongside options-based overlay strategies that aim to protect against significant market declines. This approach places it in the Equity Hedged category, where managers employ various options tactics, such as spreads and collars, to generate returns and buffer volatility. Notable features include concentrated top holdings, with the top ten representing almost the entire portfolio, and a consistently low portfolio turnover rate. The fund's multi-manager team focuses on capital preservation, making it a distinctive choice within the risk-managed equity segment. Its risk and return characteristics—such as lower beta and strong correlation to benchmarks—reflect its specific goal of participating in market gains while aiming to mitigate large losses, highlighting its unique role for investors seeking a less volatile path to equity exposure.
Performance
SDRCX had a total return of 8.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.97%.
Top 10 Holdings
96.26% of assets| Name | Symbol | Weight |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 60.71% |
| State Street Technology Select Sector SPDR ETF | XLK | 9.87% |
| S&P 500 Index Spx Us 12/17/27 P7250 | n/a | 4.59% |
| S&P 500 Index Spx Us 12/17/27 P7350 | n/a | 4.48% |
| State Street Financial Select Sector SPDR ETF | XLF | 3.82% |
| State Street® CnsmrDiscSelSectSPDR®ETF | n/a | 2.97% |
| State Street Health Care Select Sector SPDR ETF | XLV | 2.80% |
| State Street Communication Services Select Sector SPDR ETF | XLC | 2.79% |
| State Street Industrial Select Sector SPDR ETF | XLI | 2.37% |
| Cash | n/a | 1.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $1.5581 | Dec 31, 2025 |
| Dec 27, 2024 | $0.9158 | Dec 30, 2024 |
| Dec 27, 2023 | $1.6893 | Dec 28, 2023 |
| Dec 26, 2019 | $0.0174 | Dec 26, 2019 |
| Dec 23, 2016 | $0.0759 | Dec 23, 2016 |
| Dec 19, 2013 | $0.0049 | Dec 19, 2013 |