SWAN Fees and Costs — Amplify BlackSwan Growth & Treasury Core ETF
Data updated: 2026-08-28
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $5K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 43%.
SWAN Fees and Expenses
Annual operating expenses and sales charges of SWAN. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SWAN Costs Over Time
On $10,000 invested in SWAN, assuming 5% a year before costs, total costs come to $311 over 5 years, cutting the return by 0.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $311 |
| Value after costs | $10,448 | $11,406 | $12,451 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
SWAN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0028%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $213.0M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
SWAN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $4K | 83.32% |
| GOLDMAN SACHS & CO. LLC | $842 | 16.68% |
SWAN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $206.5M | 96.99% |
| RBC CAPITAL MARKETS LLC | $6.0M | 2.84% |
| STONEX FINANCIAL INC. | $356K | 0.17% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.