Audio Commentary by Tim Seymour
Glossary of Terms:
Beta: Measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole.
BPs: A basis point (BP) is a unit that is equal to 1/100th of 1%
CAGR: Compound annual growth rate
CDU: Germany's Christian Democratic Union party (political party)
CPG: Consumer packaged goods
CRM: Customer relationship management
CSA: Controlled Substance Act
DEA: Drug Enforcement Agency
DOJ: Department of Justice
EBITDA: earnings before interest, taxes, depreciation, and amortization
ERP: Enterprise resource planning
EV: enterprise value
FinCEN: Financial Crimes Enforcement Network, a bureau of the U.S. Dept. of the Treasury
HHS: Department of Human and Health Services
HSR: Hart-Scott-Rodino Antitrust Improvements Act of 1976
Long: Having a position in a security by way of investing
LPs: limited partners
M&A: mergers & acquisitions
MSOs: Multi-State Operators
OTC: Over-the-Counter
SG&A: selling, general and administrative expenses
Short Selling: Investment or trading strategy that speculates on the decline in a stock or other securities price
SPAC: Special Purpose Acquisition Company
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For most recent month end performance, visit amplifyetfs.com. Brokerage commissions will reduce returns. NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price is the last price at which the fund traded.
This material is accompanied by the Funds' prospectus: CNBS and MJ. Carefully consider the Funds' investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at AmplifyETFs.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. Companies involved in the cannabis industry face competition, may have limited access to the services of banks, may have substantial burdens on company resources due to litigation, complaints or enforcement actions, and are heavily dependent on receiving necessary permits and authorizations to engage in medical cannabis research or to otherwise cultivate, possess or distribute cannabis. The possession and use of cannabis, even for medical purposes, is illegal under federal and certain states' laws, which may negatively impact the value of the Fund's investments. Securities issued by non-U.S. companies present risks beyond those of securities of U.S. issuers. CNBS is additionally subject to active-management risk.
Amplify Investments LLC is the Investment Adviser to the Funds. Tidal Investments LLC and Seymour Asset Management LLC serve as the Investment Sub-Advisers.
Amplify ETFs are distributed by Foreside Fund Services, LLC.