Amplify High Income ETF (1OBG)
XMUN 
Summary
1OBG Chart
YYY Provides Diversified Exposure To Closed-End Funds But Underperform Peer Strategies
YYY offers high income via diversified CEF exposure, focusing on funds trading at discounts to NAV for potential value remediation. The ETF's high management fee and significant portfolio turnover may impact net returns and create tax implications for investors. YYY has underperformed peer CEF ETFs like CEFS, which offer similar strategies, but have delivered better historical returns, despite higher fees.
YYY: Slow-Motion Train Wreck Unfolding As Expected
Amplify High Income ETF (YYY) has a 12% yield from a portfolio of 60 closed-end funds. YYY is well diversified in asset classes, sectors, and holdings. YYY's high yield masks a persistent decay in value and distributions.
YYY: Stretching For An Amplified Yield Of 12.8%
The Amplify High Income ETF offers a high yield of 12.8%. The YYY ETF employs a "fund-of-funds" strategy, investing in 60 closed-end funds, with a 60/40 allocation in stocks & bonds, and significant exposure to issuers abrdn and BlackRock. Despite its attractive yield, the YYY ETF's long-term total returns are mediocre, significantly under-performing broader market indexes and other high-yield alternatives.
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Amplify High Income ETF Profile
| XMUN Exchange | US Country |
Overview
The fund described focuses on investing a significant portion of its assets, at least 80%, in securities listed within a specific index. This index comprises securities issued by other investment companies, positioning this fund as a "fund of funds." This investment strategy involves placing its resources in shares of other funds that form part of the index it tracks. The targeted index is designed to reflect the performance of the common stock of the top 60 U.S. exchange-listed closed-end funds, offering investors exposure to a diversified portfolio of investments through a single fund.
Products and Services
- Fund of Funds Investment Strategy
The primary product of this company is its investment strategy, which focuses on pooling investments into shares of other funds that are included in a specifically targeted index. This method allows investors to gain diversified exposure to the securities of top U.S. exchange-listed closed-end funds. It is an approach that aims to mitigate risk through diversification, while also attempting to capitalize on the performance of various assets within the closed-end fund space.
- Exposure to Top 60 U.S. Exchange-Listed Closed-End Funds
By investing in this fund, individuals gain access to the top 60 U.S. exchange-listed closed-end funds as measured by the performance of their common stock. This product offers a unique opportunity for investors to diversify their portfolio across a broad spectrum of assets, which may include equities, bonds, and other securities, managed by leading closed-end funds within the United States. It simplifies the investment process by providing a consolidated entry point to a variety of assets that would otherwise require multiple transactions and extensive research to replicate.
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