SwanEquity HedgedHEGD · Cboe BZX

Swan Hedged Equity US Large Cap ETF (HEGD)

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Price: $26.89; —11 Sept 2026
Assets: $734.9M; Total net assets
Expense ratio: 0.87%; Category 1.18%
Yield: 0.33%; Trailing distributions

1Y return: 9.9%-2.2%; Category 12.1%
3Y CAGR: 13.3%-1.4%; Category 14.6%
5Y CAGR: 8.0%+0.2%; Category 7.8%

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Swan Hedged Equity US Large Cap ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-1.3%	+1.1%	+7.8%	+6.7%	+9.9%	+13.3%	+8.0%	—	+9.3%
Equity Hedged average	-1.0%	0.8%	10.4%	9.1%	12.1%	14.6%	7.8%	8.9%	11.2%
Difference	-0.3%	+0.4%	-2.5%	-2.4%	-2.2%	-1.4%	+0.2%	—	-1.9%

Holdings

The 1 largest positions make up 93.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
SPY	State Street® SPDR® S&P 500® ETF	93.40%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 24.7
P/B: 5.3
P/S: 3.7
P/CF: 19.0

Sector allocation

Share of the equity the fund holds.

Technology38.4%
Financial services12.1%
Communication services9.6%
Consumer discretionary9.4%
Health care9.3%
Industrials7.8%
Consumer staples4.5%
Energy3.4%
Utilities2.0%
Real estate1.8%
Materials1.7%

Asset mix

Stocks108.9%
Other0.1%

ETF details

Issuer: Swan
Category: Equity · Equity Hedged
Ticker: HEGD
Exchange: Cboe BZX
Inception: 22 Dec 2020 (5.7 years)
Structure: Exchange Traded Fund
Expense ratio: 0.87% (category 1.18%)
Holdings turnover: 20% (category 104%)
Distribution yield: 0.33%
Beta, 3 years: 0.61
Total net assets: $734.9M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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