Swan Defined Risk Fund Class I Shares (SDRIX)
| Fund Assets | 628.01M |
| Expense Ratio | 1.27% |
| Min. Investment | $100,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 1.56 |
| Dividend Yield | 10.51% |
| Dividend Growth | 67.56% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 14.80 |
| YTD Return | 0.41% |
| 1-Year Return | 8.73% |
| 5-Year Return | 37.13% |
| 52-Week Low | 12.51 |
| 52-Week High | 14.94 |
| Beta (5Y) | n/a |
| Holdings | 20 |
| Inception Date | Jul 30, 2012 |
About SDRIX
The Swan Defined Risk Fund Class I Shares is an actively managed mutual fund designed to provide both income and capital growth by employing a hedged equity strategy. Its primary objective is to achieve consistent returns with reduced downside risk relative to traditional equity investments, focusing specifically on the U.S. stock market and the S&P 500. The fund implements a unique rules-based investment process that combines owning diversified U.S. equity ETFs—primarily sector-focused Select Sector SPDR ETFs and broad-market funds like the iShares Core S&P 500 ETF—with the continual use of long-term put options as a hedge against significant market declines. This always-invested, always-hedged approach aims to smooth investor outcomes throughout full market cycles, offering a measure of downside protection while remaining exposed to equity market upside. The fund’s structure is particularly notable for its emphasis on risk management over market timing or individual stock selection, instead relying on time-tested strategies to complement equity allocations across different environments. Designed for institutional investors and growth-oriented individuals seeking lower volatility and a degree of market risk mitigation, the Swan Defined Risk Fund Class I Shares plays a distinctive role in delivering an absolute return framework within a portfolio context.
Performance
SDRIX had a total return of 8.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.47%.
Top 10 Holdings
97.58% of assets| Name | Symbol | Weight |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 67.40% |
| State Street Technology Select Sector SPDR ETF | XLK | 9.77% |
| State Street Financial Select Sector SPDR ETF | XLF | 3.80% |
| SPX US 12/18/26 P6100 | n/a | 3.61% |
| Select Sector Spdr Trust - SPDR-CONS DISCRE | n/a | 3.01% |
| State Street Communication Services Select Sector SPDR ETF | XLC | 2.83% |
| State Street Health Care Select Sector SPDR ETF | XLV | 2.55% |
| State Street Industrial Select Sector SPDR ETF | XLI | 2.38% |
| Select Sector Spdr Trust - SPDR-CONS STAPLE | n/a | 1.40% |
| State Street Energy Select Sector SPDR ETF | XLE | 0.83% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $1.5581 | Dec 31, 2025 |
| Dec 27, 2024 | $0.9299 | Dec 30, 2024 |
| Dec 27, 2023 | $1.7383 | Dec 28, 2023 |
| Dec 29, 2020 | $0.0465 | Dec 29, 2020 |
| Dec 26, 2019 | $0.1582 | Dec 26, 2019 |
| Dec 21, 2018 | $0.1171 | Dec 21, 2018 |