RECAP Amplify CWP Enhanced Dividend Income ETF (DIVO) received a 5-star Morningstar RatingTM for the overall period based on risk-adjusted return among 80 funds in the Derivative Income category (as of 03/31/23). DIVO returned 1.61% on a net asset value (NAV) compared to its benchmarks, the S&P 500 TR Index at 3.67% and the CBOE S&P 500 BuyWrite Index at 1.86% for month ending March 31, 2023. The information technology sector (10.26%) contributed most significantly to DIVO’s return for the month of March 2023, followed by consumer staples (10.78%) and consumer discretionary (11.81%). Financials (16.85%) and materials (6.28%) contributed the least to DIVO's return during the period, respectively. Positions that contributed most significantly included Microsoft Corp. (5.75%) and Procter & Gamble Co. (5.18%). Positions that detracted most significantly included JPMorgan Chase & Co. (4.70%) and Nucor Corp. (3.61%), respectively. The portfolio held seven covered calls at the end of March 2023: Dow Inc., Duke Energy, JP Morgan Chase & Co., Microsoft Corp., and Nucor Corp., Home Depot Inc., and Schlumberger Ltd.
RECAP Amplify Natural Resources Dividend Income ETF (NDIV) seeks investment results that generally correspond to the price and yield of the EQM Natural Resources Dividend Income Index. The Index is comprised of dividend-paying U.S. exchange-listed equities operating primarily in the natural resource and commodity-related industries such as: energy, chemicals, agriculture, metals & mining, paper products, and timber. NDIV returned -1.04% on a net asset value (NAV) compared to its benchmark, the EQM Natural Resources Dividend Income Index at -0.93% for the month, as of March 31, 2023. The metals & mining industry (18.06%) contributed most significantly to NDIV's return for the month of March 2023. The following industries detracted from the portfolio: chemicals (11.61%), and oil, gas & consumable fuels (70.32%). Positions that contributed most significantly included BHP Group Ltd. (4.70%), Pioneer Natural Resources Co. (4.19%) and Hess Midstream (3.39%). Positions that detracted most significantly included Petroleo Brasileiro (7.36%) and Sociedad Quimica Y Minera (4.33%), respectively.
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