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ISWNAmplify BlackSwan ISWN ETF

Stay safeGrow my money5y track recordRanked #160 of 340 in this goal

Seeks investment results that correspond to the price and yield of the S-Network International BlackSwan Index.

By Amplify ETFs · Launched 2021

Annual Cost

0.49%

#2,404 of 5,562 · average

Fund Size

$37M

#3,831 of 5,562 · small

Dividend YieldGoal

2.80%

Track Record

5 years

#2,289 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,461+14.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

Global ex-US

Strategy

Structured outcome

Index tracked

S-Network International BlackSwan Index

What it actually holds

By weight

Concentration

Top 10 holdings = 87.8% of fundconcentrated

US TREASURY N/B
8.8%
US TREASURY N/B
8.8%
US TREASURY N/B
8.8%
US TREASURY N/B
8.8%
US TREASURY N/B
8.8%
US TREASURY N/B
8.8%
US TREASURY N/B
8.8%
US TREASURY N/B
8.8%
US TREASURY N/B
8.8%
US TREASURY N/B
8.8%

Asset allocation

Bonds
82.1%
Stocks
25.2%
Other
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.7%Moderate

Year-on-year price swings

Max drawdown
-32.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.44Below average
Sortino (3Y)
0.63Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks investment results that correspond to the price and yield of the S-Network International BlackSwan Index.
Strategy
Invests primarily in U.S. Treasury securities and long-dated call options on the iShares MSCI EAFE ETF. The strategy aims for capital protection while allowing participation in EFA's gains, with a target allocation of 90% in Treasuries and 10% in options.
Inception date
January 25, 2021
Fund family
Amplify ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19