Swan Hedged Equity US Large Cap ETF (HEGD)

• Market cap: $476M
• 1 day: -0.12%
• 5 days: 1.07%
• 1 month: 1.57%
• 3 months: 6.47%
• 6 months: 11.8%
• Year to date: 9.36%
• 1 year: 12.11%
• 5 years: 48.49%
• 10 years: 48.49%

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