The Amplify TLT U.S. Treasury 12% Option Income ETF (TLTP) seeks investment results that generally correspond to the performance (before fees and expenses) of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index. TLTP provides convenient single ticker access to a weekly covered call strategy offering opportunities for a higher level of income and capital appreciation on the shares not covered by calls.
U.S. Treasury yields rose during the first quarter of 2026, led by the short end of the curve, as markets weighed inflation concerns stemming from the administration’s reciprocal tariffs and heightened geopolitical risks in the Middle East.
During the quarter, the 2-year yield climbed by 0.32% while the 30-year yield rose by 0.067%, resulting in a flattening of the Treasury yield curve.
Despite the rise in Treasury yields during the first quarter, the TLTP ETF posted a positive return of 0.28% (non-annualized), driven by the collection of option premiums.
| Distribution Rate/Yield* | |
| Distribution Rate: | 13.56% |
| 30-Day SEC Yield: | 4.39% |
| Distribution Frequency: | Monthly |
| Cumulative (%) | Annualized (%) | |||
|---|---|---|---|---|
| YTD | Since Inception | 1 Yr. | Since Inception | |
| NAV | 0.28% | 1.59% | 1.38% | 1.12% |
| Closing Price | 0.19% | 1.61% | 1.23% | 1.13% |
| Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index | 0.57% |
2.60% |
1.56% |
1.82% |
Data as of 3/31/26. Fund inception date: 10/28/24. Total expense ratio is 0.39%. There is no guarantee that a distribution will be made. 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. Click here for recent month end performance. 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. Prospectus
Top Strategic Holdings
| Company | Weight (%) |
|---|---|
| iShares 20+ Year Treasury Bond ETF | 73.60% |
| U.S. Treasury Notes 4.25% 08/15/2054 | 26.69% |
| TLT 04/02/2026 86 C | -0.47% |
Data as of 3/31/26. Holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell a security.
Outlook
Elevated market volatility has enabled the Fund to capture higher option premiums with less restrictive coverage. Unless geopolitical tensions in the Middle East persist indefinitely, we anticipate long-term rates will either trend lower or see their upward pressure capped toward year-end. Under such conditions, the Fund is positioned to meet target of 12% annualized income, alongside an improved capital appreciation opportunity.