HEGD
Swan Hedged Equity US Large Cap ETF·CBOE
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Key Stats
Assets Under Management
621.36MUSD
Fund Flows (1Y)
198.54MUSD
Dividend Yield
0.73%
Discount/Premium to NAV
0.19%
Shares Outstanding
24.45M
Expense Ratio
0.87%
About Swan Hedged Equity US Large Cap ETF
Issuer
Swan Capital Management, LLC
Brand
Swan
Inception Date
Dec 22, 2020
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Swan Capital Management LLC
Distributor
Foreside Fund Services LLC
HEGD seeks to invest in (one or more) ETFs that provide exposure to the US large-cap market, and hedges using put and call options as a defined risk strategy. The fund uses exchange-traded options on the S&P 500 Index. It invests in long-term put options for hedging purposes, and a combination of put and call options to increase income. Essentially, the portfolio contains an equity portion which is hedged with put options, combined with an actively managed option strategy that seeks additional returns and decrease volatility. As such, HEGD will also regularly engage in various spread option strategies. The fund intends to hold its ETF portfolio indefinitely, while the options are bought and sold when unfavorable risk is present. Rebalancing occurs annually.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.06% | +1.01% | +0.65% | +11.24% | +43.72% | +48.06% |
NAV Total Return | -1.00% | +0.73% | -0.20% | +10.39% | +42.61% | +50.25% |
Ratings
No data is currently available
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Holdings Analysis
Sector
Technology
33.69%
Financial Services
12.71%
Communication Services
11.17%
Consumer Cyclical
10.60%
Healthcare
9.44%
Industrials
8.13%
Consumer Defensive
5.14%
Energy
3.21%
Utilities
2.25%
Technology
33.69%
Financial Services
12.71%
Communication Services
11.17%
Consumer Cyclical
10.60%
Healthcare
9.44%
Industrials
8.13%
Consumer Defensive
5.14%
Energy
3.21%
Utilities
2.25%
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Asset
Region
99.51%
0.39%
0.09%
Category
Ratio
North America
99.51%
Europe
0.39%
Asia
0.09%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
SPY
State Street SPDR S&P 500 ETF Trust
88.33%
SPX US 12/17/27 P7300
5.39%
SPX US 12/17/27 P7400
4.35%
SPX US 12/17/27 C7500
1.62%
SPXW US 03/13/26 P6650
1.30%
SPXW US 03/13/26 P6450
0.80%
First American Government Obligations Fund 12/01/2031
0.62%
SPX US 02/20/26 P6500
0.39%
SPX US 02/20/26 P6300
0.18%
Cash & Other
0.07%
Top 10 Weight 103.05%
13 Total Holdings
Is SPY better than HEGD?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-23 | 2025-12-23 | 2025-12-24 | 0.090 |
| 2024-12-27 | 2024-12-27 | 2024-12-30 | 0.096 |
| 2022-12-29 | 2022-12-30 | 2023-01-03 | 0.149 |
| 2021-12-29 | 2021-12-30 | 2021-12-31 | 0.061 |
How Much Does HEGD Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy HEGD?
Fund Flows
