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Trending ETFs

Name

As of 11/22/2024

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

$12.15

$436 M

11.85%

$1.44

4.60%

Vitals

YTD Return

15.6%

1 yr return

20.4%

3 Yr Avg Return

0.8%

5 Yr Avg Return

3.6%

Net Assets

$436 M

Holdings in Top 10

32.5%

52 WEEK LOW AND HIGH

$12.1
$11.21
$12.37

Expenses

OPERATING FEES

Expense Ratio 4.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 90.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 11/22/2024

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

$12.15

$436 M

11.85%

$1.44

4.60%

YYY - Profile

Distributions

  • YTD Total Return 15.6%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.81%
DIVIDENDS
  • Dividend Yield 11.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Amplify High Income ETF
  • Fund Family Name
    Amplify ETFs
  • Inception Date
    Jun 11, 2012
  • Shares Outstanding
    25250000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dustin Lewellyn

Fund Description

The Fund will normally invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of the Index. Because the Index is comprised of securities issued by other investment companies (as opposed to operating companies), the Fund operates in a manner that is commonly referred to as a “fund of funds,” meaning that it invests its assets in shares of funds that are included in the Index. The Index seeks to measure the performance of the common stock (or its equivalent) of the top 60 U.S. exchange-listed closed-end funds (the “Underlying Funds”), as selected and ranked according to factors employed by the Index methodology that are designed to result in a portfolio that produces high current income (the “Methodology”).

The Index universe is not limited by the types of securities or other instruments in which an Underlying Fund may invest, nor the investment strategy an Underlying Fund may employ. Thus, the Underlying Funds may invest in a variety of securities including, but not limited to, equity securities (both dividend and non-dividend paying), foreign securities (including depositary receipts), taxable investment grade fixed income securities, investment grade municipal securities, taxable high yield fixed income securities and high yield municipal securities (commonly referred to as “junk bonds”), preferred securities, convertible securities, commodities, real-estate related securities, including real estate investment trusts (“REITs”), and derivatives. The Underlying Funds may employ different investment strategies including, but not limited to, dividend strategies, global and international strategies, covered call option strategies, balanced strategies, limited duration strategies, tax and risk-managed strategies, sector strategies, real estate, energy, utility, commodity, natural resources and other equity or income-oriented strategies.

The initial Index universe begins with all closed-end funds whose shares are listed and trade on one of the following U.S. securities exchanges: the Nasdaq Stock Market®, the New York Stock Exchange, NYSE American, or the CBOE Exchange. From this initial universe, eligible constituents are then considered for inclusion based on its respective “Tier” classification, with funds qualifying as either a “Tier 1 Fund” or “Tier 2 Fund”. To be considered a “Tier 1 Fund,” a fund must meet the following criteria:

       have net assets of at least $500 million;

       have a six-month average daily traded value of at least $1 million;

       have a fund yield that is greater than or equal to 1.2 times the median fund yield of dividend-paying funds within the closed-end fund universe;

       have a trading price differential to NAV (i.e., a trading price premium or discount to NAV) that is not in the top 25th percentile of the closed-end fund universe (with funds with premiums and smaller discounts rated more highly than those with larger discounts); and

       have an expense ratio that is less than or equal to 6%.

To be considered a “Tier 2 Fund”, a fund must meet the following criteria:

       have net assets of at least $250 million;

       have a fund average daily traded value of at least $800,000;

       have a fund yield that is greater than or equal to the median fund yield of dividend-paying funds within the closed-end fund universe;

       have a trading price differential to NAV that is not in the top 10th percentile of the closed-end fund universe; and

       have an expense ratio that is less than or equal to 6%.

A combined rank score for each eligible Index constituent is then calculated based on the following criteria and calculated in accordance with the Index methodology: fund yield (descending); fund trading premium/discount (ascending); and fund average daily traded value (descending). Each fund is then assigned an overall rank based on its combined rank score. The Index selects the Tier 1 Funds with a rank of 1 through 60. However, if fewer than 60 Tier 1 Funds are selected, the Index includes the Tier 2 Funds with the best overall rank not already selected as Tier 1 Funds until the Index either reaches a total of 60 constituents or the list of eligible Tier 2 Funds is exhausted. While the Index seeks to have 60 components, that number is a maximum limit and not a fixed target.

Index constituents are weighted according to a “modified” fund-yield weighted methodology. The initial Index weights are determined as follows:

       the top 30 Underlying Funds as determined by ranking Fund Yield in descending order are each assigned a weight of 3%; and

       all remaining Underlying Funds are given equal weights such that the combined weights add up to 100%.

Initial weights are adjusted at the semi-annual rebalance to comply with the following ongoing maximum weight constraints:

       no constituent may exceed 3.5%;

       no constituent outside the top 30 may exceed 2%;

       no constituent may exceed the ratio of 10 days of a constituent’s fund average daily traded value divided by 110% of the Fund’s net assets; and

       no constituent may exceed the ratio of 2.7% of a constituent’s net assets divided by 100% of the Fund’s net assets.

The Index weight adjustment is conducted such that any excess weight from a constituent exceeding its max weight is redistributed proportionally to other eligible constituents. The Index is rebalanced and reconstituted semi-annually, effective on the trading day following the third Friday in January and July. The rebalance and reconstitution of the Index is conducted using reference data as of the third Friday of the month prior (December and June, respectively). The Index but may be adjusted more frequently for specific corporate events, as detailed in the Methodology.

The Index is unmanaged and cannot be invested in directly. The Fund employs a “passive management” investment strategy in seeking to achieve its investment objective. The Fund generally will use a replication methodology, meaning it will invest in all of the Underlying Funds comprising the Index in proportion to the weightings in the Index. However, the Fund may utilize a sampling methodology under various circumstances where it may not be possible or practicable to purchase all of the Underlying Funds in the Index.

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

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YYY - Performance

Return Ranking - Trailing

Period YYY Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -3.7% 26.5% 19.35%
1 Yr 20.4% 0.0% 37.1% 24.88%
3 Yr 0.8%* -20.7% 11.6% 60.47%
5 Yr 3.6%* -11.9% 21.8% 73.04%
10 Yr 3.6%* -5.2% 9.3% 67.39%

* Annualized

Return Ranking - Calendar

Period YYY Return Category Return Low Category Return High Rank in Category (%)
2023 -0.3% -18.9% 60.2% 89.81%
2022 -29.9% -48.5% 0.1% 93.95%
2021 4.4% -19.0% 48.3% 49.07%
2020 -10.7% -16.5% 52.8% 99.02%
2019 11.2% -8.5% 26.6% 40.70%

Total Return Ranking - Trailing

Period YYY Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -3.7% 26.5% 19.35%
1 Yr 20.4% 0.0% 37.1% 24.88%
3 Yr 0.8%* -20.7% 11.6% 60.47%
5 Yr 3.6%* -11.9% 21.8% 73.04%
10 Yr 3.6%* -5.2% 9.3% 67.39%

* Annualized

Total Return Ranking - Calendar

Period YYY Return Category Return Low Category Return High Rank in Category (%)
2023 13.0% -11.7% 61.8% 26.85%
2022 -21.8% -48.5% 4.6% 89.30%
2021 14.1% -14.2% 48.3% 31.78%
2020 -0.9% -11.7% 77.4% 89.71%
2019 20.5% -3.9% 28.4% 13.57%

YYY - Holdings

Concentration Analysis

YYY Category Low Category High YYY % Rank
Net Assets 436 M 2.19 M 12 B 39.63%
Number of Holdings 47 2 2274 52.53%
Net Assets in Top 10 151 M 1.68 M 9.46 B 44.24%
Weighting of Top 10 32.51% 20.8% 109.8% 88.02%

Top 10 Holdings

  1. Oxford Lane Capital Corp 3.58%
  2. Pimco Dynamic Income Fund 3.48%
  3. PIMCO Dynamic Income Opportunities Fund 3.41%
  4. PIMCO Access Income Fund 3.40%
  5. Eagle Point Credit Co Inc 3.39%
  6. Kayne Anderson Energy Infrastructure Fund 3.15%
  7. First Trust Intermediate Duration Preferred Income Fund 3.12%
  8. Nuveen Preferred Income Opportunities Fund 3.05%
  9. Nuveen Credit Strategies Income Fund 2.96%
  10. Nuveen Floating Rate Income Fund/Closed-end Fund 2.96%

Asset Allocation

Weighting Return Low Return High YYY % Rank
Stocks
99.84% 0.00% 145.83% 4.61%
Convertible Bonds
5.87% 0.00% 8.92% 0.92%
Cash
1.17% -33.22% 99.64% 71.89%
Preferred Stocks
0.00% -0.09% 5.36% 84.79%
Other
0.00% -29.71% 135.29% 86.18%
Bonds
0.00% 0.00% 106.59% 88.48%

Stock Sector Breakdown

Weighting Return Low Return High YYY % Rank
Utilities
22.17% 0.00% 91.12% 1.09%
Technology
11.84% 0.00% 85.77% 68.31%
Financial Services
11.84% 0.00% 98.22% 58.47%
Real Estate
10.56% 0.00% 99.45% 19.67%
Energy
8.66% 0.00% 60.89% 23.50%
Healthcare
8.18% 0.00% 38.63% 75.41%
Industrials
6.68% 0.00% 23.85% 69.95%
Communication Services
6.30% 0.00% 21.61% 44.26%
Consumer Cyclical
5.88% 0.00% 25.83% 62.30%
Consumer Defense
4.14% 0.00% 37.51% 74.86%
Basic Materials
3.75% 0.00% 56.73% 50.27%

Stock Geographic Breakdown

Weighting Return Low Return High YYY % Rank
US
99.84% 0.00% 145.83% 4.61%
Non US
0.00% -1.94% 38.53% 85.71%

YYY - Expenses

Operational Fees

YYY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.60% 0.45% 10.24% 4.61%
Management Fee 0.50% 0.00% 1.50% 19.35%
12b-1 Fee 0.00% 0.00% 1.00% 25.00%
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

YYY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

YYY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

YYY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 90.00% 1.75% 441.00% 42.53%

YYY - Distributions

Dividend Yield Analysis

YYY Category Low Category High YYY % Rank
Dividend Yield 11.85% 0.00% 24.95% 1.38%

Dividend Distribution Analysis

YYY Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Quarterly

Net Income Ratio Analysis

YYY Category Low Category High YYY % Rank
Net Income Ratio 4.81% -2.01% 13.72% 6.91%

Capital Gain Distribution Analysis

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

Distributions History

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YYY - Fund Manager Analysis

Managers

Dustin Lewellyn


Start Date

Tenure

Tenure Rank

Oct 02, 2019

2.66

2.7%

Dustin Lewellyn, CFA. Mr. Lewellyn has extensive background in institutional investment process with a specific focus on exchange-traded funds (“ETFs”). Mr. Lewellyn was a portfolio manager at BGI (now part of Blackrock), and he managed a number of international equity funds. Dustin also was head of ETF product management and product development at Northern Trust where he oversaw the build out and management of all areas of a new ETF business, including primary responsibility for the portfolio management process surrounding the ETFs. Mr. Lewellyn also built and ran a new ETF business for Charles Schwab, including having primary responsibility for the technology and investment process to support portfolio management for the ETFs. Mr. Lewellyn started a consulting business with a focus on ETFs and helped numerous new ETF sponsors, as well as service providers, understand the resource requirements to participate in the industry utilizing current best practices. Mr. Lewellyn holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds security licenses 7, 63, 66 and 24.

Ernesto Tong


Start Date

Tenure

Tenure Rank

Oct 02, 2019

2.66

2.7%

Mr. Tong has been a managing director with Penserra since 2015. Prior to joining Penserra, Mr. Tong spent seven years as a vice president at Blackrock, where he was a portfolio manager for a number of the iShares ETFs, and prior to that, he spent two years in the firm’s index research group.

Anand Desai


Start Date

Tenure

Tenure Rank

Oct 02, 2019

2.66

2.7%

Anand Desai. Mr. Desai has been an Associate with Penserra since 2015. Prior to joining the Penserra Capital Management, LLC, Mr. Desai was a portfolio fund accountant at State Street for five years.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.67 13.0