Amplify CWP Enhanced Dividend Income ETF (DIVO) received a 5-star Morningstar RatingTM for the overall period based on risk-adjusted return among 82 funds in the Derivative Income category (as of 06/30/23). DIVO returned 4.70% on a net asset value (NAV) compared to its benchmarks, the S&P 500 TR Index at 6.61% and the CBOE S&P 500 BuyWrite Index at 2.10% for month ending June 30, 2023. The industrials sector (11.23%) contributed most significantly to DIVO’s return for the month of June 2023, followed by energy (10.90%) and financials (16.54%). Positions that contributed most significantly included Deere & Co. (3.16%), Apple Inc. (4.63%), and Visa Inc. (5.42%). Positions that detracted most significantly included General Mills Inc. (2.79%) and Goldman Sachs Group Inc. (4.63%), respectively. The portfolio held nine covered calls1 at the end of June 2023: Deere & Co., Duke Energy Corp., General Mills Inc., Goldman Sachs Group Inc., Johnson & Johnson, Marathon Pete Corp., Schlumberger Ltd., UnitedHealth Group Inc., and United Parcel Service Inc.
YIELD
Distribution Rate is the annual yield an investor would receive if the most recent distribution remained the same going forward. The yield represents a single distribution from the fund and does not represent total return to the fund. The distribution yield is calculated by annualizing the most recent distribution – from both dividend and option income – and dividing it by the most recent NAV. Distributions have included a return of capital. Please click here for more information. 30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the income earned from dividends – excluding option income – during the period after deducting the Fund’s expenses for the period.
PERFORMANCE
The performance data quoted represents past performance. Past performance does not guarantee future results. The 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 their original cost and current performance may be lower or higher than the performance quoted. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Brokerage commissions will reduce returns.
All data as of 06/30/2023. Subject to change at any time. Fund holdings should not be considered recommendations to buy or sell any security. View Current Complete Holdings
Index Definitions: All indexes are unmanaged and it’s not possible to invest directly in an index. S&P 500 Total Return Index— market-capitalization-weighted index of the 500 largest U.S. publicly traded companies by market value, and assumes distributions are reinvested back into the index. It does not include fees or expenses. CBOE S&P 500 BuyWrite Index (BXM)—tracks the performance of a hypothetical buy-write strategy on the S&P 500 Index. A “buy-write” strategy is generally one in which an investor buys a stock (or basket of stocks), and also writes covered calls that correspond to those holdings.
DIVO differs substantially from the S&P 500 Index and CBOE S&P 500 BuyWrite index, which are used for comparison purposes as widely recognized measures of U.S. stock market performance. While the returns of DIVO have exhibited positive (but varying) correlation to the indexes over time, DIVO may invest in different stocks and in different proportions than in the S&P 500 index and CBOE S&P 500 BuyWrite index.
A covered call refers to a financial transaction in which the investor selling call options owns an equivalent amount of the underlying security.