"AMZW is designed to provide weekly distributions and calendar week returns equal to 1.2 times the calendar week total return of Amazon common shares, amplifying both upside and risk."
"The return engine is a total return swap structure, allowing the fund to receive the full economic return of Amazon shares without directly holding all of those shares."
"Recent distributions are estimated to be 100% return of capital, meaning they are not generated from investment income but from the fund's own assets, affecting tax treatment."
"On April 10, 2026, AMZW declared a weekly distribution of $0.3305 per share, reflecting a roughly 60% increase from the prior week's distribution."
AMZW is an actively managed ETF that provides weekly distributions based on Amazon's performance, targeting 120% of its weekly returns. It uses a total return swap structure to gain exposure without directly holding all shares. The fund holds a portion of Amazon shares and a government money market position. Recent distributions are primarily return of capital, impacting tax treatment and cost basis. For example, a distribution of $0.3305 per share was declared, showing significant week-to-week variability in payouts.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]