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Trending ETFs

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$30.06

$172 M

1.94%

$0.59

0.49%

Vitals

YTD Return

15.3%

1 yr return

23.5%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

3.6%

Net Assets

$172 M

Holdings in Top 10

85.7%

52 WEEK LOW AND HIGH

$30.1
$25.01
$30.56

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 194.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$30.06

$172 M

1.94%

$0.59

0.49%

SWAN - Profile

Distributions

  • YTD Total Return 15.3%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.25%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Amplify BlackSwan Growth & Treasury Core ETF
  • Fund Family Name
    Amplify ETFs
  • Inception Date
    Nov 05, 2018
  • Shares Outstanding
    17030000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Ragauss

Fund Description

The Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in the securities that comprise the Index, which will primarily include U.S. Treasury securities and long-dated call options (“LEAP Options”) on the SPDR S&P 500 ETF Trust (“SPY”). The Fund is not a money market fund. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund’s investment sub-advisers, Cerity Partners LLC (“Cerity”) and Toroso Investments, LLC (“Toroso,” and with Cerity, the “Sub-Advisers”), manage the investment of the Fund’s assets. The index provider is S-Network Global Indexes, Inc. (“S-Network” or the “Index Provider”). The Index Provider is not affiliated with the Fund, Amplify Investments LLC (the “Adviser”) or either Sub-Adviser.

The Index is a rules-based, quantitative index that seeks to provide capital protection against the unpredictable, rare and highly disruptive events that have come to be referred to as “Black Swans.” The Index’s strategy is designed to allow for some participation in the investment gains experienced by the S&P 500 Index while still providing a buffer against significant losses. The Index seeks to provide such returns by allocating approximately 10% of its index market capitalization to a portfolio of LEAP Options on SPY and approximately 90% of its index market capitalization in a portfolio of U.S. Treasury securities. The SPY LEAP Options utilize SPY as the reference asset in order to provide the exposure to the S&P 500 Index. Due to the terms of these SPY LEAP Options (which are discussed in more detail below), these positions allow the equity portion of the Index to participate in approximately 70% of the upside experienced by SPY over a full market cycle. The U.S. Treasury securities portion of the portfolio is included to help mitigate against significant losses. By allocating approximately 90% of its index market capitalization to U.S. Treasury securities, the Index seeks to create a portfolio buffer that is positioned to preserve capital in the event of a “Black Swan” event. The Index is not designed to provide investment returns that correspond closely with the returns of the S&P 500 Index. The Fund is not an appropriate investment for investors who seek such returns.

The SPY LEAP Options portfolio is composed of in-the-money LEAP Options that, at the time of purchase, have expirations of at least one year and one day in the future and expire in either June or December, as applicable. An “in-the-money” option contract is one that currently presents a profit opportunity due to the relationship between the strike price and the current price of the reference asset. For purchased call option contracts, such as the SPY LEAP Options held by the Fund, an in-the-money option contract is one with a strike price that is below the current price of the underlying reference asset. The LEAP Options utilized by the Fund will generally have a delta of 70 at the time of purchase, meaning that for every $1.00 of movement in the share price of SPY, each LEAP Option will have a corresponding movement of $0.70. Therefore, while not subject to a return cap when SPY experiences gains, the Index generally only participates in approximately 70% of the gains experienced by SPY over a full market cycle. When SPY experiences losses, the SPY LEAP Options portfolio participates in approximately 70% of such losses experienced by SPY, but those losses are mitigated by the Index’s approximately 90% position in U.S. Treasury securities.

The U.S. Treasury securities portfolio is composed of U.S. Treasury securities that cumulatively provide an intermediate duration. This duration was selected as the Index’s target duration to seek to lower portfolio risk levels by increasing the probability of low correlation of the U.S. Treasuries to the U.S. equities markets. Duration is a measure of the expected price volatility of a debt security as a result of changes in market rates of interest, based on, among other factors, the weighted average timing of the debt security’s expected principal and interest payments. In general, duration represents the expected percentage change in the value of a security for an immediate 1% change in interest rates. For example, the price of a security with a duration of 10 years would be expected to drop by approximately 10% in response to a 1% increase in interest rates. An “intermediate duration,” is generally referred to as a security with a duration of 5 to 10 years.

The Index reconstitutes and rebalances every June and December. At each June reconstitution, the Index liquidates its existing June LEAP Options and purchases LEAP Options that expire the following June. The December LEAP Option positions will remain unchanged at each June reconstitution. At each December reconstitution, the Index liquidates its existing December LEAP Options and purchases LEAP Options that expire the following December. The June LEAP Options positions will remain unchanged at each December reconstitution. So as to maintain the desired allocation of the portfolio, net gains or losses derived from the reconstitutions of the LEAP Options positions are added to or subtracted from the U.S. Treasury securities portfolio at each reconstitution. The Index also rebalances the U.S. Treasury securities portfolio any time the portfolio’s target duration deviates by more than 0.5 years. For more information regarding the Index methodology, please see the section entitled “Additional Information About the Fund’s Strategies and Risks.”

Diversification Status. The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”).

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SWAN - Performance

Return Ranking - Trailing

Period SWAN Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% -2.8% 240.8% 94.07%
1 Yr 23.5% -4.3% 140.6% 90.87%
3 Yr -2.3%* -8.3% 18.3% N/A
5 Yr 3.6%* -5.0% 17.3% N/A
10 Yr N/A* -4.6% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period SWAN Return Category Return Low Category Return High Rank in Category (%)
2023 8.6% -34.1% 904.0% 5.86%
2022 -29.2% -28.6% 438.4% 11.56%
2021 5.2% -93.5% 8.2% N/A
2020 14.2% -38.9% 19.8% N/A
2019 17.6% -10.9% 12.8% N/A

Total Return Ranking - Trailing

Period SWAN Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% -2.7% 244.0% 91.30%
1 Yr 23.5% -4.3% 140.6% 88.26%
3 Yr -2.3%* -8.3% 18.3% N/A
5 Yr 3.6%* -5.4% 17.3% N/A
10 Yr N/A* -4.6% 13.2% N/A

* Annualized

Total Return Ranking - Calendar

Period SWAN Return Category Return Low Category Return High Rank in Category (%)
2023 12.1% -34.1% 904.0% 5.86%
2022 -27.8% -5.9% 438.4% 12.14%
2021 10.6% -81.2% 8.2% N/A
2020 16.2% -29.0% 19.8% N/A
2019 19.2% -10.9% 12.8% N/A

SWAN - Holdings

Concentration Analysis

SWAN Category Low Category High SWAN % Rank
Net Assets 172 M 25 17.4 B 10.11%
Number of Holdings 14 2 508 74.81%
Net Assets in Top 10 151 M -6.66 M 5.12 B 5.73%
Weighting of Top 10 85.67% 11.3% 100.0% 1.33%

Top 10 Holdings

  1. SPDR SP 500 ETF Trust 10.20%
  2. United States Treasury Note/Bond 8.41%
  3. United States Treasury Note/Bond 8.41%
  4. United States Treasury Note/Bond 8.40%
  5. United States Treasury Note/Bond 8.39%
  6. United States Treasury Note/Bond 8.39%
  7. United States Treasury Note/Bond 8.37%
  8. United States Treasury Note/Bond 8.36%
  9. United States Treasury Note/Bond 8.36%
  10. United States Treasury Note/Bond 8.36%

Asset Allocation

Weighting Return Low Return High SWAN % Rank
Bonds
83.82% 0.00% 97.96% 3.44%
Other
15.77% 0.00% 45.92% 46.95%
Cash
0.73% -0.76% 100.29% 85.50%
Stocks
0.00% -3.92% 100.76% 85.88%
Preferred Stocks
0.00% 0.00% 3.08% 33.21%
Convertible Bonds
0.00% 0.00% 20.91% 36.26%

Bond Sector Breakdown

Weighting Return Low Return High SWAN % Rank
Government
100.00% 0.00% 99.91% 0.38%
Derivative
15.77% 0.00% 0.13% 33.59%
Cash & Equivalents
0.73% 0.09% 100.00% 100.00%
Securitized
0.00% 0.00% 22.63% 33.21%
Corporate
0.00% 0.00% 91.57% 40.46%
Municipal
0.00% 0.00% 97.57% 32.44%

Bond Geographic Breakdown

Weighting Return Low Return High SWAN % Rank
US
83.82% 0.00% 97.96% 3.44%
Non US
0.00% 0.00% 16.94% 32.82%

SWAN - Expenses

Operational Fees

SWAN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.20% 6.78% 97.94%
Management Fee 0.49% 0.20% 1.75% 8.96%
12b-1 Fee 0.00% 0.00% 1.00% 18.97%
Administrative Fee N/A 0.02% 0.28% N/A

Sales Fees

SWAN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SWAN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SWAN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 194.00% 0.00% 456.80% 90.18%

SWAN - Distributions

Dividend Yield Analysis

SWAN Category Low Category High SWAN % Rank
Dividend Yield 1.94% 0.00% 3.76% 7.06%

Dividend Distribution Analysis

SWAN Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

SWAN Category Low Category High SWAN % Rank
Net Income Ratio 0.25% -2.54% 14.24% 50.00%

Capital Gain Distribution Analysis

SWAN Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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SWAN - Fund Manager Analysis

Managers

Charles Ragauss


Start Date

Tenure

Tenure Rank

Nov 05, 2018

3.57

3.6%

Mr. Ragauss currently serves as Director of Product Management at CSat Investment Advisory, having joined the it in April 2016. Prior to joiningCSat Investment Advisory, Mr. Ragauss was Assistant Vice President at Huntington National Bank (“Huntington”), where he was Product Manager for the Huntington Funds and Huntington Strategy Shares ETFs, a combined fund complex of almost $4 billion in assets under management. At Huntington, he led ETF development bringing to market some of the first actively managed ETFs. Mr. Ragauss joined Huntington in 2010. Mr. Ragauss attended Grand Valley State University where he received his Bachelor of Business Administration in Finance and International Business, as well as a minor in French. He is a member of both the National and West Michigan CFA societies and holds the CFA designation.

Indu Chhachhi


Start Date

Tenure

Tenure Rank

Nov 05, 2018

3.57

3.6%

Indu Chhachhi. Dr. Chhachhi serves as Investment Committee Member and Research at ARGI. Dr. Chhachhi joined ARGI in 2006 as a Financial Planner. Dr. Chhachhi has a doctorate in finance from Southern Illinois University and has been teaching finance at the university level since 1990. He served as the Chair of the Finance Department at Western Kentucky University from 1999 – 2007 and returned to this position in 2017. Currently, he is the Professor of Finance at WKU. He also serves as the Director of the Tennessee Valley Authority’s Investment Challenge Program.

Dan Cupkovic


Start Date

Tenure

Tenure Rank

Nov 05, 2018

3.57

3.6%

Dan Cupkovic, CFP. Mr. Cupkovic serves as Director of Investment at ARGI. He joined ARGI in 2008. Mr. Cupkovic is a member of the ARGI Investment Committee, which actively oversees the ARGI managed investment strategies. In addition to his investment role, Mr. Cupkovic works as a lead advisor for institutional accounts and high net worth clientele.

Matt Westfall


Start Date

Tenure

Tenure Rank

Nov 05, 2018

3.57

3.6%

Matt Westfall, CFA. Mr. Westfall serves a Portfolio Manager at ARGI Investment Services, LLC. He joined ARGI Investment Services, LLC in 2010. He has a B.S./B.A. in Finance and Marketing from Ohio State University and earned his Chartered Financial Analyst® designation from the CFA Institute. Mr. Westfall has previous experience in investment banking developing research.

Michael Venuto


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Mr. Venuto is a co-founder and has been the Chief Investment Officer of the Toroso Investments, LLC since 2012. Mr. Venuto is an ETF industry veteran with over a decade of experience in the design and implementation of ETF-based investment strategies. Previously, he was Head of Investments at Global X Funds where he provided portfolio optimization services to institutional clients. Before that, he was Senior Vice President at Horizon Kinetics where his responsibilities included new business development, investment strategy and client and strategic initiatives.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 19.77 3.61 5.67