Swan Hedged Equity US Large Cap ETF (HEGD)

• Market cap: $488M
• 1 day: 0.28%
• 5 days: 0.57%
• 1 month: 2.41%
• 3 months: 7.77%
• 6 months: 12.54%
• Year to date: 10.03%
• 1 year: 12.69%
• 5 years: 49.39%
• 10 years: 49.39%

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

63% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 16

40% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]

20% more capital invested

Capital invested by funds: $279M [Q1] → $335M (+$56.5M) [Q2]

1.75% more ownership

Funds ownership: 76.96% [Q1] → 78.71% (+1.75%) [Q2]

10% less funds holding

Funds holding: 70 [Q1] → 63 (-7) [Q2]

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14