Following a period of heightened volatility in March, markets regained momentum in April, demonstrating resilience as major indices advanced and the S&P 500 Index reached a new all-time high. Investor sentiment improved as attention shifted toward stabilizing influences, including a continued stretch of solid earnings results and a ceasefire agreement in the Iran conflict. Robust earnings helped ease concerns around elevated valuations for certain companies, while easing geopolitical tensions contributed to a moderation in volatility, which peaked in late March. At the same time, oil prices, including WTI and Brent, retraced from recent highs. While geopolitical and policy-related uncertainties remain and could reintroduce volatility if conditions deteriorate, recent market action suggests investors are increasingly weighing these risks against supportive fundamentals and a still-evolving macro backdrop.
During the month of April, QDVO returned 11% (NAV), while the benchmark, the S&P 500 Growth Index returned 14.76%. QDVO has returned 4.55% YTD while the S&P 500 Growth Index returned 5.54% YTD. The Fund has modestly underperformed the benchmark, driven primarily by the magnitude of the broader equity market rally off the lows, which tends to limit relative returns for covered call strategies. Sectors that contributed the most to returns include Information Technology (+19.60%) and Communication Services (+15.79%), while Utilities (-5.84%) and Health Care (-0.10%) detracted from returns.1 Positions that contributed most significantly were Alphabet Inc (GOOGL), NVIDIA Corp (NVDA), and Amazon Inc (AMZN). The biggest detractors were Intuit Inc (INTU) and RTX Corp (RTX).
During the month the Fund exited positions in AST SpaceMobile Inc (ASTS), and T-Mobile US Inc (TMUS). Positions were initiated in Sandisk (SNDK), Tempus AI Inc (TEM), and Robinhood Markets Inc (HOOD). QDVO wrote a total of 16 calls throughout the month and finished April with 14 covered calls2 written against holdings in the Fund. Total calls written decreased from the previous month reflecting the drop in volatility and equity markets advancing meaningfully.
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 QDVOETF.com.
YIELD
| Distribution Frequency: Monthly |
Distribution Rate: 11.11% |
30-Day SEC Yield: 0.38% |
Distribution Rate is the normalized current distribution (annualized) over NAV per share. Distributions may include income, capital gains, or return of capital and may change during the year. Details are provided in the Fund's Form 19(a)-1. There is no guarantee the ETF will pay a distribution. 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
Fund inception date: 8/21/2024. QDVO’s total expense ratio is 0.56%. 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/QDVO. 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.
SECTORS
| Sector | % Weight |
TOP 10 HOLDINGS
| Ticker | Name | % Weight |
All data as of 4/30/2026. 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. Indexes are unmanaged and it's not possible to invest directly in an index. The S&P 500 Growth Index is a benchmark that measures the performance of large-cap growth stocks in the U.S. equity market from the S&P 500. The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. CBOE Volatility Index (VIX) is a measure of implied volatility, based on the prices of a basket of S&P 500 Index options with 30 days to expiration.
1All percentages shown indicate total return of the sector for the month. 2A covered call refers to a financial transaction in which the investor selling call options owns an equivalent amount of the underlying security.