ETF Evaluator:
SWP Growth & Income ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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ETF Details
SWP Growth & Income ETF Overview
SWP Growth & Income ETF (SWP) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). SWP Investment Management, LLC launched the ETF in 2024.
The investment seeks to provide long-term capital appreciation with a secondary emphasis on generating current income.
The adviser seeks to achieve the fund’s investment objective by investing at least 80% of its net assets in income-producing equity securities that are judged to have strong growth characteristics. The adviser considers “income-producing equity securities” as equity securities that pay dividends, such as common stocks, preferred stocks, securities (including debt securities) that are convertible into common stocks, and ETFs and other investment companies.
About SWP Growth & Income ETF (SWP)
There are 3 members of the management team with an average tenure of 1.85 years: Nathan Fischer (2024), Mark Tepper (2024) and Robert Lambert (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
SWP Growth & Income ETF has 76 securities in its portfolio. The top 10 holdings constitute 35.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
SWP Growth & Income ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. SWP Growth & Income ETF has 8.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.8% There is 8.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SWP Growth & Income ETF has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $150 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SWP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SWP Growth & Income ETF expense ratio is high compared to funds in the Large Blend category. SWP Growth & Income ETF has an expense ratio of 0.99%, which is 139% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. SWP Growth & Income ETF has a portfolio turnover rate of 85%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, SWP Growth & Income ETF returned 1.6%, which earned it a grade of A, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
SWP Growth & Income ETF has a trailing yield of 5.66%, which is above the 1.16% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
SWP Growth & Income ETF Grades
Year to date, the ETF has returned 6.9%, 2.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.0% over the past year (grade of D).
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SWP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SWP Return (NAV) | 1.6% | 1.1% | 15.0% | na | na | na |
| SWP Return (Price) | 1.8% | 1.3% | 15.1% | na | na | na |
| NAV +/- Price Return | -0.105% | -0.118% | -0.121% | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| SWP Grade (NAV) | A | F | D | na | na | na |
| +/- Category (NAV) | 2.5% | -2.6% | -2.6% | na | na | na |
| SWP Tax-Cost Ratio | na | na | 3.5% | na | na | na |
SWP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SWP Return (NAV) | 6.9% | 16.7% | na | na | na | na | na | na | na | na | na |
| SWP Return (Price) | 6.9% | 16.9% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.004% | 0.011% | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| SWP Grade (NAV) | F | C | na | na | na | na | na | na | na | na | na |
| +/- Category | -2.6% | 1.4% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 5.7% |
| Total Assets: | $ 151 Mil |
| Share Class Assets: | $ 151 Mil |
| Turnover: | 85.0% |
| Expense Ratio: | 0.99% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Fischer Nathan (2024), Tepper Mark (2024), Lambert Robert (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 76 |
| % in Top 10 Holdings: | 35.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.0% |
Portfolio Allocation |
|
| Domestic Stock: | 90.8% |
| Foreign Stock: | 8.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 1.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | SWP Investment Management, LLC |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | September 24, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.99% (Rating: High) |
| Category Average Expense Ratio (%): | 0.41% |
