ISWN ETF — Amplify BlackSwan ISWN ETF

Amplify BlackSwan ISWN ETF (ISWN)

Updated October 16, 2026.

ISWN is an ETF. its distribution rate is 3.27%, its trailing-12-month yield is 3.11%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is -3.2% over the past 5.7 years, 117.9 points behind SPY at 114.7%.

Amplify BlackSwan ISWN ETF is a non-diversified fund that allocates approximately 90% of its assets to U.S. Treasury securities and approximately 10% to long-dated call options on the iShares MSCI EAFE ETF, seeking to blend fixed-income stability with equity upside exposure. The fund distributes quarterly with a modest current distribution rate and carries an expense ratio of 0.49%. This structure appeals to income investors seeking Treasury-backed returns while maintaining some exposure to international equity gains through options strategies.

ISWN performance versus SPY

Price and return data through 2026-10-16.

Total return is -3.2% over the past 5.7 years, 117.9 points behind SPY at 114.7%. Over the past year its total return — price change plus distributions reinvested — is 1.0%. Its deepest 1-year drawdown was 9.6%.

ISWN key facts

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

3.07%

Issuer

Amplify ETFs

Asset type

ETF

Asset class

Fixed Income

Inception date

01/25/2021

Expense ratio

0.49%

Distribution rate

3.27%

Distribution frequency

Quarterly

Trailing yield

3.11%

Last close

$21.04 (as of 2026-10-16)

AUM

$34,485,191

Average volume

2020.0

Dividend

$0.17183

Ex-dividend date

09/29/2026

Payment date

09/30/2026

Beta

0.54

How Dividend Vision calculates yield and returns

Distribution rate (3.27%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.11%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Amplify ETFs or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ISWN risks and drawbacks

ISWN's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.6%.

Who may consider ISWN — and who may not

ISWN may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (ISWN pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on ISWN

• All tickers starting with I

Tagged: Fixed Income.

Frequently asked questions

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