# Amplify BlackSwan Growth & Treasury Core ETF (SWAN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/swan for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Amplify · Asset class: Equity - Strategy: Passive Index · Inception: 2018-11-06 The Amplify BlackSwan Growth & Treasury Core ETF (SWAN) is structured to replicate the investment outcomes of the S-Network BlackSwan Core Index. This underlying index pursues a dual objective: capturing the full upside potential of the S&P 500, concurrently mitigating the risk of significant market declines. To achieve this, the ETF primarily allocates approximately 90% of its assets to U.S. Treasury securities, with the remaining 10% invested in in-the-money call options on the SPY ETF. ## Key Facts | Metric | Value | |---|---| | Price | $32.56 | | Expense Ratio | 0.49% | | Assets Under Management | $153.0M | | NAV | $32.41 | | Holdings Count | 12 | | Distribution Yield (TTM) | 3.38% | | Annual Distribution (TTM) | $1.10 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $30.45 – $34.21 | | Beta | 0.86 | ## Latest Distribution - Amount: $0.2699 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does SWAN invest in? The Amplify BlackSwan Growth & Treasury Core ETF (SWAN) is structured to replicate the investment outcomes of the S-Network BlackSwan Core Index. This underlying index pursues a dual objective: capturing the full upside potential of the S&P 500, concurrently mitigating the risk of significant market declines. To achieve this, the ETF primarily allocates approximately 90% of its assets to U.S. Treasury securities, with the remaining 10% invested in in-the-money call options on the SPY ETF. ### What is the expense ratio of SWAN? Amplify BlackSwan Growth & Treasury Core ETF (SWAN) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SWAN? Amplify BlackSwan Growth & Treasury Core ETF (SWAN) manages $153.0M 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 SWAN actively managed or an index fund? SWAN is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SWAN's is 0.49%) because there's no security selection cost. ### When was SWAN launched? Amplify BlackSwan Growth & Treasury Core ETF (SWAN) launched in November 2018 and is managed by Amplify. ### How has SWAN performed? SWAN's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does SWAN pay a dividend? Amplify BlackSwan Growth & Treasury Core ETF (SWAN) currently distributes little or no income. Trailing-twelve-month yield is 3.38%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SWAN pay dividends? Amplify BlackSwan Growth & Treasury Core ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SWAN's dividend yield? SWAN's trailing-twelve-month yield is 3.38%, calculated from the sum of dividends over the past year divided by the current price. ### When is SWAN's next ex-dividend date? The most recently announced ex-dividend date for SWAN 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 SWAN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.49% 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 SWAN charge its expense ratio? The expense ratio is deducted in tiny daily slices from SWAN'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 SWAN cost more than a fund like VOO? SWAN is a passive index fund (current expense ratio 0.49%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to SWAN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SWAN (0.49%) 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/swan - Distribution history: https://www.dividenddata.com/funds/swan/dividend - Holdings & diversification: https://www.dividenddata.com/funds/swan/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/swan/expenses - Peer comparison: https://www.dividenddata.com/funds/swan/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.