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SCLZ Swan Enhanced Dividend Income ETF

Dividend stocks with call overlay on SCHD, paying monthly

Over the year to Sep 18, 2026, SCLZ paid 8.4% in cash and still finished 14.0 points behind SCHD.

Swan · Income ETFs · data as of

Key facts

8.4%Cash paid, 1 year, on its starting price
+13.2%Total return, 1 year
−14.0 ptsAgainst SCHD
8.5%Latest payout, annualized

Method

ETFIQ Return Stability Score

43.6106th of 173

SCLZ paid 8.4% in cash and its price rose 4.1%, so the payout came out of returns rather than principal.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −35.8 ptsMDST −28.6 ptsEIPI −26.8 ptsBLOX −26.6 ptsYQQQ −25.3 ptsULTY −24.3 ptsSLTY −22.7 ptsGDXY −21.4 ptsTDVI −20.9 ptsTOPW −19.8 ptsHIGH −18.8 ptsACKY −17.9 ptsYMAX −16.8 ptsHISF −16.4 ptsNDIV −16.4 ptsSDVD −16.4 ptsWEEI −15.8 ptsOARK −15.2 ptsFDND −14.1 ptsLFGY −13.6 ptsXLRI −13.6 ptsTCAL −13.5 ptsQRMI −13.3 ptsSLJY −13.2 ptsYYY −13.2 ptsYFYA −13.1 ptsHIPS −12.8 ptsJULH −12.1 ptsRNTY −12.0 ptsXLKI −12.0 ptsXBTY −11.8 ptsQUSA −11.7 ptsJULJ −11.5 ptsLJUL −11.5 ptsJANJ −11.4 ptsLJAN −11.4 ptsFGSI −11.3 ptsLOCT −11.2 ptsQLDY −11.2 ptsOCTJ −11.1 ptsCVRD −11.0 ptsIWMY −10.9 ptsJUCY −10.9 ptsAPRJ −10.5 ptsLAPR −10.5 ptsXISE −10.5 ptsXIJN −10.3 ptsAPRH −10.1 ptsJANH −10.1 ptsXIDE −10.1 ptsXLEI −10.0 ptsOCTH −9.9 ptsJEPI −9.5 ptsAIPI −9.4 ptsMAGY −9.4 ptsBAGY −9.2 ptsXIMR −9.1 ptsSRHR −8.8 ptsBUYW −8.1 ptsRDVI −8.0 ptsIAUI −7.7 ptsOVLH −7.5 ptsVEGA −7.2 ptsXV −7.1 ptsYBTC −7.1 ptsFTHI −6.9 ptsBITY −6.7 ptsXLVI −6.7 ptsXRMI −6.3 ptsIGLD −6.2 ptsFEPI −6.1 ptsYLDE −6.0 ptsGPTY −5.7 ptsKHPI −5.5 ptsQQQI −5.3 ptsSPIN −5.2 ptsTYLG −5.2 ptsSPUT −5.1 ptsETCO −4.8 ptsWTPI −4.6 ptsCAIE −4.1 ptsIQQQ −4.1 ptsPAPI −3.8 ptsBIGY −3.6 ptsJEPQ −3.2 ptsXLBI −3.2 ptsISPY −3.1 ptsIWMW −3.0 ptsWEEL −2.3 ptsGIAX −2.1 ptsDIVO −2.0 ptsKNG −1.6 ptsQDTY −1.6 ptsDFII −1.5 ptsRDTY −1.5 ptsTSPY −1.5 ptsYMAG −1.5 ptsBTCC −1.4 ptsNBOS −1.4 ptsNIHI −1.4 ptsEGGY −1.2 ptsSPYI −1.2 ptsRYLD −1.1 ptsRYLG −1.0 ptsXDTE −1.0 ptsXPAY −0.9 ptsSDTY −0.8 ptsWDTE −0.8 ptsJOYT −0.7 ptsQDTE −0.7 ptsKGLD −0.6 ptsQQQY −0.6 ptsRDTE −0.6 ptsTHTA −0.6 ptsXLII −0.6 ptsFTKI −0.5 ptsGPIQ −0.4 ptsFTQI −0.3 ptsSIXH −0.3 ptsDJIA +0.2 ptsLTTI +0.2 ptsDYLG +0.3 ptsGPIX +0.4 ptsXLFI +0.4 ptsQYLG +0.5 ptsHYBI +0.6 ptsHYTI +0.6 ptsIVVW +0.6 ptsLQTI +0.6 ptsXYLG +0.7 ptsTDAQ +1.0 ptsIWMI +1.1 ptsQYLD +1.2 ptsCSHI +1.3 ptsTLTX +1.3 ptsXYLD +1.4 ptsHYGW +1.5 ptsHYBL +1.6 ptsBNDI +1.7 ptsOVS +1.7 ptsPBP +1.9 ptsTLTI +1.9 ptsXLUI +1.9 ptsBALI +2.0 ptsBTCI +2.0 ptsCHPY +2.3 ptsOVB +2.3 ptsOVT +2.3 ptsYBIT +2.3 ptsITWO +2.4 ptsOVL +2.6 ptsYETH +2.8 ptsOVM +2.9 ptsTLTP +3.0 ptsSOXY +3.5 ptsDUBS +3.7 ptsLQDW +3.8 ptsXLYI +4.1 ptsTLTW +4.2 ptsOVF +4.5 ptsDOGG +4.6 ptsOMAH +4.9 ptsIDVO +5.2 ptsSEPI +5.2 ptsBCCC +5.9 ptsCEPI +6.0 ptsIDUB +7.2 ptsXLCI +7.9 ptsBUCK +9.6 ptsUSOY +11.6 ptsXLSI +12.5 ptsKLIP +22.5 ptsSCLZ −14.0 ptsSCLZ −14.0 pts−35.8 pts+22.5 pts

11.3% of the 173 sit at or below SCLZ on this measure.

What happened to the principal
ETCO −75.5%XBTY −74.1%YETH −66.4%YBTC −60.1%BTCC −59.1%YBIT −58.9%BAGY −57.9%ULTY −54.1%BITY −51.5%SLTY −51.5%BCCC −48.5%BTCI −47.0%LFGY −44.7%DFII −43.7%BLOX −40.9%YMAX −40.7%TOPW −37.7%OARK −34.0%GDXY −33.1%KLIP −32.5%YMAG −28.1%YQQQ −25.7%MAGY −25.3%IWMY −24.9%CEPI −22.5%RDTY −21.8%RDTE −21.4%QLDY −20.3%QDTE −19.2%TLTX −18.5%EGGY −16.2%XLYI −15.5%ACKY −15.1%WDTE −14.8%QDTY −14.0%AIPI −13.8%TLTP −13.4%XDTE −13.4%QQQY −13.2%LTTI −12.6%XLUI −11.3%QUSA −11.0%SDTY −10.8%GIAX −10.5%FEPI −10.0%TLTW −9.9%LQTI −9.7%XLRI −9.4%TLTI −9.1%LQDW −8.8%XLCI −8.8%XV −8.8%YYY −8.8%TCAL −8.6%HIGH −8.3%FDND −8.2%GPTY −8.1%IGLD −7.9%RNTY −7.3%HIPS −7.0%HYTI −6.8%XLSI −6.5%OMAH −6.3%XLBI −6.3%IWMW −6.2%XLFI −6.2%HYGW −6.0%XPAY −5.8%HYBI −5.5%OVB −5.0%BNDI −4.9%USOY −4.8%HISF −4.7%OVT −4.3%QRMI −3.8%OVM −3.6%FGSI −3.2%HYBL −2.8%CAIE −2.5%JUCY −2.5%XRMI −2.4%BUCK −2.2%CVRD −2.2%MLPD −2.1%IAUI −2.0%IVVW −2.0%YFYA −1.7%JEPI −1.2%XLII −1.2%XIJN −0.9%WTPI −0.8%JULJ −0.6%XISE −0.6%CSHI −0.4%JULH −0.4%KNG −0.4%BIGY −0.3%LJUL −0.3%QQQI −0.1%TSPY −0.1%JANH 0.0%JANJ 0.0%LAPR 0.0%OCTH 0.0%XIDE 0.0%APRJ +0.1%LJAN +0.1%LOCT +0.1%OCTJ +0.1%APRH +0.3%FTHI +0.3%XIMR +0.5%WEEL +0.7%SRHR +1.0%SDVD +1.2%SPYI +1.2%IWMI +1.3%KHPI +1.5%BUYW +2.1%DJIA +2.4%QYLG +2.4%XYLG +2.6%YLDE +2.6%NIHI +2.8%RYLD +2.9%KGLD +3.4%TDAQ +3.4%DYLG +3.5%FTKI +3.8%XLVI +4.0%THTA +4.1%RYLG +4.2%PAPI +4.5%XLKI +4.6%PBP +5.5%JEPQ +5.7%SPIN +5.8%XYLD +5.9%NBOS +6.0%SPUT +6.0%DIVO +7.3%GPIX +7.4%ISPY +7.6%DOGG +8.0%FTQI +8.0%MDST +8.2%TDVI +8.2%OVF +8.3%OVS +8.5%OVLH +8.8%VEGA +8.9%QYLD +9.1%BALI +9.2%GPIQ +9.3%OVL +9.4%RDVI +9.6%ITWO +10.5%IQQQ +10.8%SLJY +12.3%EIPI +12.8%XLEI +12.8%SEPI +13.4%SIXH +14.1%IDVO +14.4%JOYT +15.2%WEEI +17.3%IDUB +17.4%DUBS +17.6%NDIV +20.4%CHPY +20.6%TYLG +20.6%SOXY +64.1%SCLZ +4.1%SCLZ +4.1%−75.5%+64.1%

76% of the 173 sit at or below SCLZ on this measure.

Weighted evenly, those two positions are what the score combines, across the 173 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−14.0 pts11.350%
what happened to the principal+4.1%7650%

All income ETFs ranked by this score · How it is computed

What a holder got

SCLZ against SCHDSCLZ returned +13.2% with distributions reinvested against +27.2% for US dividend stocks (SCHD), used as the dividend proxy, a gap of −14.0 pts. Of that, 8.4% arrived as cash rather than price.+13.2%SCLZ total return+27.2%US dividend stocks (SCHD), used as the dividend proxy8.4% of it arrived as cash

Over the year to Sep 18, 2026, SCLZ returned +13.2% with distributions reinvested and US dividend stocks (SCHD), used as the dividend proxy returned +27.2%, so a holder came out behind it by 14.0 points. The lighter segment is the 8.4% that arrived as cash rather than as price.

Its ten largest equity positions

SCLZ top ten by weight, 49.9% of its 57 equity positions, from the holdings filed for Jun 30, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.
HoldingWeight
MICRON TECHNOLOGY INC7.89%
APPLE INC6.15%
NVIDIA CORP5.99%
ALPHABET INC5.18%
ADVANCED MICRO DEVICES INC5.14%
BROADCOM INC4.71%
ELI LILLY & COMPANY3.86%
AMAZON.COM INC3.75%
MICROSOFT CORP3.71%
JP MORGAN CHASE & COMPANY3.50%

Method

Period by period

SCLZ over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnSCHDAhead or behind
3 months2.1%+0.7%+2.9%+6.5%−3.6 pts
6 months3.8%+10.2%+14.2%+12.7%+1.6 pts
1 year8.4%+4.1%+13.2%+27.2%−14.0 pts
Since launch19.6%+13.7%+36.5%+42.8%−6.3 pts

Method

When SCLZ pays

SCLZ pays monthly. The last distribution was $0.4034 a share, which went ex on Aug 20, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Oct 15, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for SCLZ. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Oct 15, 2026Oct 19, 2026$0.4034ETFIQ projection
Every distribution ETFIQ holds for SCLZ (13, most recent first)
Cash distributions per share for SCLZ. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Aug 20, 2026$0.4034
Jul 24, 2026$0.3993
Jun 25, 2026$0.3943
May 21, 2026$0.3907
Apr 23, 2026$0.3766
Mar 19, 2026$0.3685
Feb 19, 2026$0.3707
Jan 22, 2026$0.3725
Dec 19, 2025$0.3727
Nov 21, 2025$0.3716
Oct 17, 2025$0.3711
Sep 19, 2025$0.3705
Aug 22, 2025$0.3631

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Feb 27, 2024, SCLZ has returned +36.5% with distributions reinvested, against +42.8% for US dividend stocks (SCHD), used as the dividend proxy, and has paid out 19.6% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 8.5%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

SCLZ (Swan Enhanced Dividend Income ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategydividend stocks with call overlay
BenchmarkUS dividend stocks (SCHD), used as the dividend proxy (proxy)
Paysmonthly
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$20m
Latest payout, annualized (ETFIQ)8.5%
Expense ratio (485BPOS XBRL, Oct 23, 2025)0.79%
Cash paid, last 12 months, over today’s price (ETFIQ)8.0%
LaunchedFeb 27, 2024
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.4034 ex Aug 20, 2026
Sum of the last 12 distributions$4.5619

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has SCLZ paid over the last year?
Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting price in cash distributions, while the price rose 4.1%.
Is SCLZ ahead of SCHD?
Over the year to Sep 18, 2026, with every distribution reinvested, SCLZ returned +13.2% against +27.2% for US dividend stocks (SCHD), used as the dividend proxy, so a holder was behind it by 14.0 points.
How often does SCLZ pay, and how much?
SCLZ pays monthly. The latest distribution annualizes to 8.5% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
When does SCLZ next pay a distribution?
SCLZ pays monthly. The last distribution went ex on Aug 20, 2026 at $0.4034 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Oct 15, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does SCLZ cost?
The prospectus expense ratio is 0.79% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Compare SCLZ

Also against APRJ, BALI, BALQ, BIGY, CAIQ, CDPI, CVRD, DDDD, DIVO, DJIA, DOGG, DRKY, DUBS, DYLG, EGGY, FDND, FEPI, FGSI, FTHI, FTQI, GPIQ, GPIX, GRNI, HEMI, HJAN, IQQQ, ISPY, IVVW, JANH, JANJ, JANQ, JEPI, JEPQ, JOYT, JUDO, JULH, JULJ, KHPI, KIQQ, KNG, KYLD, LAPR, LJAN, LJUL, LOCT, MAGY, NLSI, OARK, OCTH, OCTJ, ODTE, OEI, OMAH, OVL, OVLH, PAPI, PBP, PCOV, QDTE, QDTY, QLDY, QQQI, QQQY, QRMI, QUSA, QVOL, QYLD, QYLG, RDVI, RECI, RNTY, ROCQ, ROCY, SCEP, SDTY, SDVD, SEPI, SIOO, SIXH, SPIN, SPUT, SPYI, TCAL, TDAQ, TPAY, TPRY, TSPY, ULTY, VOOY, WDTE, XDTE, XIDE, XIJN, XIMR, XISE, XPAY, XQQI, XRMI, XSHP, XSPI, XVSP, XYLD, XYLG, YLDE, YMAG, YQQQ, YSPC, YYY.

Funds near this one

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SCLZ payout bar, ETFIQ

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Where SCLZ is written about

SCLZ, Income ETFs, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open SCLZ live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, SCLZ, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/sclz Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources