Swan Hedged Equity US Large Cap ETF
HEGD
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Dec 23, 2020
- CIK
- 0001683471
- Similar Companies
- Business
- Swan Hedged Equity US Large Cap ETF (HEGD) is an actively managed exchange-traded fund that seeks long-term capital appreciation while mitigating overall market risk through a defined risk strategy combining passive equity exposure with active options-based hedging. The fund invests at least 80% of its net assets in large capitalization U.S. companies, primarily through low-cost S&P 500 index ETFs for uncapped upside participation; it employs long-term put options (LEAPs) purchased at or near-the-money on the S&P 500 Index to hedge against downside risk; and it actively trades put and call options on the S&P 500 Index or related ETFs to offset hedging costs and generate additional returns. Launched on December 22, 2020, and traded on Cboe BZX, HEGD is advised by Swan Capital Management, LLC and sub-advised by Swan Global Investments, LLC, a firm specializing in options overlay strategies since 1997 with headquarters in Durango, Colorado. HEGD targets long-term investors seeking U.S. large-cap equity market returns with reduced volatility, serving as a core equity holding, bond surrogate, cash deployment vehicle, or liquid alternative; it operates primarily in the U.S. market with total net assets of approximately $599 million as of December 2025. In February 2024, Swan Global Investments partnered with O'Shares Investments to launch the Swan Enhanced Dividend Income ETF (SCLZ), expanding its hedged equity and income-focused ETF offerings. The fund maintains its core Always Invested, Always Hedged process without reported acquisitions, major reorganizations, or strategic shifts in the last 1-2 years, focusing on steady asset growth and performance relative to the S&P 500 amid ongoing market volatility.