HEGD – Swan Hedged Equity US Large Cap ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long term capital appreciation while mitigating overall market risk. The fund is an actively-managed ETF that pursues its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) directly and indirectly through one or more other investment companies, including ETFs, in equity securities of large capitalization U.S. companies. It may buy and sell put and call options.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HEGD	Swan Hedged Equity US Large Cap ETF	ETF	Open			Dec 22, 2020	$742.92M	0.870%	—	—	$190.13M

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