Fund inception date: 8/24/2022. NDIV’s total expense ratio is 0.59%. 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/NDIV. 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. There is no guarantee that distributions will be made. *Distribution Rate is the normalized current distribution (annualized) over NAV per share. Distribution stated includes estimated net investment income and no return of capital. See Form 19a-1. **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.
Among NDIV’s top performers in Q3 were Helmerich & Payne (+48%), CVR Energy (+36%), and APA Corp (+35%)
US land rig driller Helmerich & Payne operates the largest fleet of land drilling rigs and has a growing international presence despite headwinds. Quarterly revenue rose 49.2% year-over-year to $1.04 billion, above analyst estimates of $1 billion.3 CVR Energy continues to be a target of activist investor Carl Icahn. Improving crack spreads4 and cost efficiencies have driven a rebound in the stock.5 APA Corp’s recent August earnings call painted a picture of robust financial health and strategic advancements, despite some operational challenges. The company reported a noteworthy reduction in net debt, cutting over $850 million in the quarter, which marks a decrease of more than 15%.6
Detractors from performance for the Q3 period were FMC Corp (-18%), LyondellBasell Industries (-13%) and Atlas Energy Solutions (-13%)
FMC Corp’s stock reached a new 52-week low, while maintaining a notable 7.46% dividend yield and a 20-year streak of consistent dividend payments. Company earnings actually beat expectations amid market pressures and internal challenges.7 Chemical company LyondellBasell is pausing projects due to a weak operating environment.8 Atlas Energy Solutions saw multiple downgrades on soft Permian sand market pricing pressures.9
Visit the NDIV fund page for more information, including fact sheets, index methodology and regulatory documents.