# Manager Directed Portfolios - SWP Growth & Income ETF (SWP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/swp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: SWP Investment Management · Asset class: Equity - Strategy: Actively Managed · Inception: 2024-09-24 SWPs objective is to provide long-term capital appreciation with the secondary goal of providing income. It does so by actively investing in income-producing companies in the US equity market. The fund focuses on companies that have consistent profit margins and earnings growth while providing a history of paying stable dividends. The securities are actively managed but are selected using macroeconomic, fundamental, and technical analysis. The fund will primarily hold US companies, but it may invest in foreign issuers including ADRs and foreign securities traded on US exchanges. It may also... ## Key Facts | Metric | Value | |---|---| | Price | $27.53 | | Expense Ratio | 0.99% | | Assets Under Management | $145.3M | | NAV | $27.36 | | Holdings Count | 41 | | Distribution Yield (TTM) | 9.52% | | Annual Distribution (TTM) | $2.62 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $25.73 – $29.87 | | Beta | 0.96 | ## Latest Distribution - Amount: $0.5710 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does SWP invest in? SWPs objective is to provide long-term capital appreciation with the secondary goal of providing income. It does so by actively investing in income-producing companies in the US equity market. The fund focuses on companies that have consistent profit margins and earnings growth while providing a history of paying stable dividends. The securities are actively managed but are selected using macroeconomic, fundamental, and technical analysis. The fund will primarily hold US companies, but it may invest in foreign issuers including ADRs and foreign securities traded on US exchanges. It may also hold companies of any size but is expected to substantially invest in large-caps. Note that the fund may tilt to certain sectors due to greater value stock exposure. Approximately 30-70 stocks will comprise the fund, all capped at 10% in weighting. ### What is the expense ratio of SWP? Manager Directed Portfolios - SWP Growth & Income ETF (SWP) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations. ### What is SWP's dividend yield? SWP's trailing-twelve-month yield is 9.52%, calculated from the sum of dividends over the past year divided by the current price. ### How big is SWP? Manager Directed Portfolios - SWP Growth & Income ETF (SWP) manages $145.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SWP actively managed or an index fund? SWP is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SWP's is 0.99%) in exchange for the discretion to over- or under-weight positions. ### When was SWP launched? Manager Directed Portfolios - SWP Growth & Income ETF (SWP) launched in September 2024 and is managed by SWP Investment Management. ### Does SWP pay a dividend? Yes, Manager Directed Portfolios - SWP Growth & Income ETF (SWP) distributes dividends to shareholders. The trailing-twelve-month yield is 9.52%. Full dividend history is on this page. ### How often does SWP pay dividends? Manager Directed Portfolios - SWP Growth & Income ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is SWP's next ex-dividend date? The most recently announced ex-dividend date for SWP was 2026-09-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will SWP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.99% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SWP charge its expense ratio? The expense ratio is deducted in tiny daily slices from SWP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SWP cost more than a fund like VOO? SWP is actively managed (current expense ratio 0.99%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether SWP's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to SWP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SWP (0.99%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/swp - Distribution history: https://www.dividenddata.com/funds/swp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/swp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/swp/expenses - Peer comparison: https://www.dividenddata.com/funds/swp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.