Summary
YYY Chart
YYY: The Income Is Attractive, The Long-Term Returns Are Not
The Amplify CEF High Income ETF offers a 12.81% distribution rate, but its 10-year NAV total return is only 5.11% annualized. Several major credit-oriented holdings use substantial leverage, while tight high-yield spreads leave limited room for error if credit conditions normalize. YYY's underlying CEF discount has narrowed from 7.9% at June-end to 5.27%, reducing the valuation cushion available to investors.
YYY: Return Free Risk, Don't Be Fooled By This 12% Yield ETF
Amplify CEF High Income ETF offers diversified exposure to high-yield closed-end funds with a 50/50 equities/bonds allocation and no top-level leverage. Despite a 12% yield, YYY's long-term annualized return is under 6%, raising concerns about fee drag and real, after-inflation returns. Recent 3-year performance exceeded 12.5% annualized, but peer funds like CEFS and FOF have delivered stronger risk-adjusted results.
Amplify High Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 217,081 | $2.54M | $2.42M | -$115,943.96 | -4.57% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 216,316 | $2.49M | $2.42M | -$78,955.86 | -3.17% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 33,150 | $413,459.31 | $370,119.75 | -$43,339.56 | -10.48% |
 Andrew Endelman Independent Wealth Network Inc. | 187,920 | $2.24M | $2.1M | -$140,701.01 | -6.28% |
 Richard A. Flora Key Client Fiduciary Advisors LLC | 14,066 | $155,240.98 | $158,383.16 | $3,142.18 | 2.02% |
Amplify High Income ETF (YYY) FAQ
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Amplify High Income ETF Profile
| ARCA 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.
