HEGD – Swan Hedged Equity US Large Cap ETF

 

Fund Details

The Swan Hedged Equity US Large Cap ETF (HEGD) seeks long-term capital appreciation
while mitigating overall market risk.

HEGD is built upon our innovative and time-tested Always Invested, Always Hedged process launched in 1997.

A distinct blend of passive investing1 and active risk management, all in one ETF.

Fund Performance

The NAV is the dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day. The  Price is the current price at which shares are bought and sold. Market returns are based upon the last trade price. Additional Disclosures.

Fact Sheet

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Summary Prospectus

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Prospectus

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Semi-Annual Report

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Annual Report

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HEGD Part F - 2.28.23

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HEGD Part F - 8.31.22

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2023 – Distribution Notice

As of 02/26/2024

Ticker HEGD
CUSIP 53656F599
Exchange Cboe
Management Fee 0.79%
Gross Expense Ratio 0.87%
Shares Outstanding 11300000.000
Premium/Discount % 0.14%
Inception Date (date) 12/22/2020
NAV $20.21
Net Assets $228,317,617.11
30-day Median Bid/Ask Spread 0.15

 

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CUMULATIVE (%) ANNUALIZED (%)
As of Date 1 Mo. 3 Mo. 6 Mo. YTD Since Inception (12/22/2020) As of Date 1 Yr. 3 Yr. Since Inception (12/22/2020)
HEGD NAV 12/31/2023 3.90 8.08 5.93 13.99 20.21 12/31/2023 13.99 5.90 6.28
HEGD MKT 12/31/2023 3.79 8.18 5.90 14.17 20.25 12/31/2023 14.17 5.93 6.29

Total returns are based on the closing market price of the ETF on the date shown above.

The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end can be requested by calling 866-617-7926.

The Adviser has voluntarily agreed to limit fees. This agreement may change or end at any time. Performance would have been lower without limitations in effect.

Fund NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Closing Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Why Remain HEGD?

 

Equity markets tend to go up over time,

      so we’re ALWAYS INVESTED.

Severe losses can derail investors’ goals,

     so we’re ALWAYS HEDGED.

Leverage the benefits of passive investing
and active risk management.

Our Process

Our innovative Always Invested, Always Hedged philosophy is executed in a 3-step process.

Step 1

Invest for Growth

Always Invested:

Passively invest in low-cost, index ETFs

Step 2

Hedge to Mitigate Risk

Always Hedged:

Actively manage long-term hedge (LEAPS)

Step 3

Seek Additional Return

Actively Manage:

Short-term & long-term option strategies

More About Hedged Equity

1 – Although the Fund is actively managed, the Fund intends to passively invest (buy and hold) roughly 90% of it’s assets directly or indirectly through one or more ETFs in equity securities of large cap U.S. companies.

Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF’s prospectus containing this and other important information, please call 866.617.7926 or view or download a prospectus online. Please read the prospectus carefully before you invest.

The fund’s investment objective is to seek capital appreciation while mitigating overall market risk.

An investment in the fund involves risk, including possible loss of principal.

Exchange Traded Funds and Mutual Funds involve risk, including possible loss of principal. There is no guarantee the Fund will meet its objective.  The fund will use put and call options, which are referred to as “derivative” instruments since their values are based on, or derived from, an underlying reference asset, such as an index. Derivatives can be volatile, and a small investment in a derivative can have a large impact on the performance of the Fund as derivatives can result in losses in excess of the amount invested. Options used by the Fund to reduce volatility and generate returns may not perform as intended. There can be no assurance that the Fund’s option strategy will be effective. It may expose the Fund to losses, e.g., option premiums, to which it would not have otherwise been exposed. Further, the option strategy may not fully protect the Fund against declines in the value of its portfolio securities. The prices of options may change rapidly over time and do not necessarily move in tandem with the price of the underlying securities. Selling call options reduces the Fund’s ability to profit from increases in the value of the Fund’s equity portfolio, and purchasing put options may result in the Fund’s loss of premiums paid in the event that the put options expire unexercised. To the extent that the Fund reduces its put option holdings relative to the number of call options sold by the Fund, the Fund’s ability to mitigate losses in the event of a market decline will be reduced.  The Fund is non‐diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.

Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

The Fund is distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC and Swan Capital Management, LLC & Swan Global Investments, LLC are not affiliated. SWGI-20201118-0001