Fund Details
| Ticker | TLTP |
| Inception | 10/29/2024 |
| Primary Exchange | CBOE |
| CUSIP | 032108516 |
| Net Assets | TBD |
| Shares Outstanding | |
| # of Holdings (view all holdings) | TBD |
| Fees & Expenses | |
| Management Fee: | 0.30% |
| Acquired Fund Fees & Expenses: | 0.08% |
| Total Expense Ratio: | 0.38% |
Index Details
| Index Name | Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index |
| Index Ticker | BTSICTTT |
| Rebalance Frequency | Weekly Options Roll |
| Index Website | Bloomberg.com |
Three Reasons to Own TLTP ETF:
- Targeted Income: Strategy targets 1% option income from US Treasuries each month, with the potential for additional US Treasury bond income.
- Risk Mitigation: Weekly covered call options can help mitigate risk by providing additional income in volatile markets.
- Convenient Access: Provides simple, efficient entry to a tailored U.S. Treasury options strategy via a single ticker.
Objective and Strategy
The Amplify Bloomberg U.S. Treasury Target High Income ETF 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 access to a weekly covered call strategy that offers opportunities for a higher level of income.
Yield
| Distribution Frequency | Monthly | 30-Day SEC Yield** | N/A | |
| Distribution Rate* | N/A | |||
* The Distribution Rate is computed as the normalized current distribution (annualized) over NAV per share. In addition to net interest income, distributions may include capital gains and return of capital (ROC). 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.
NAV and Market Price
| Previous Day's NAV | Previous Day's Market Price | |||
|---|---|---|---|---|
| Net Asset Value | N/A | Closing Price | N/A | |
| Daily Change | N/A | Daily Change | N/A | |
| % Daily Change | N/A | % Daily Change | N/A | |
| 30-Day Median Bid/Ask Spread | N/A | Premium/Discount % | N/A | |
| Premium Discount History | ||||
Daily Price/NAV Performance
Index Breakdown
| Long Position: | ISHARES TR 20 YR TR BD ETF (TLT) |
| Short Call Option: | TLT 11/1/24 92.5 Call |
| Option Coverage: | 28.40% |
Fund Holdings
| TOP STRATEGIC HOLDINGS | |||
|---|---|---|---|
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Targeted High-Income Covered Call Construction
TLTP strategy aims to provide a high level of income through buying iShares 20+ Year Treasury Bond ETF (“TLT”) and selling one-week expiration, at-the-money call option contracts, to target annual 12% option income.
Buy
Buy long-term U.S. treasuries through TLT.
Target 12% Option Income Annually
Write
Sell weekly call options on TLT. The number of alls may vary week-to-week, selling only enough calls to generate 12% premium on an annualized basis.
Roll
On a weekly basis, replace expiring covered call option with the new one (roll) to help generate ongoing option premiums.
Distribute
TLTP seeks to pay monthly distributions that include both the targeted options income premiums and the underlying TLT dividends.
There is no guarantee that distributions will be made.
Sector Allocation
Market Capitalization
| LARGE CAP (> $10B): | N/A |
| MID CAP ($2B - $10B): | N/A |
| SMALL CAP ($300M - < $2B): | N/A |
| MICRO CAP (<$300M): |
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Performance
| CUMULATIVE (%) | ANNUALIZED (%) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Mo. | 3 Mo. | 6 Mo. | YTD | Since Inception (10/29/24) |
1 Yr. | Since Inception (10/29/24) |
|||
| Month end as of TBD | |||||||||
| Fund NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Quarter end as of TBD | |||||||||
| Fund NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
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. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price or market price is the most recent price at which the fund was traded.
Indexes are unmanaged and it’s not possible to invest directly in an index. Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index is designed to provide a targeted annualized option premium income of 12% through writing weekly covered call options.
Premium/Discount
The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund's daily net asset value ("NAV"). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than an NAV when those shares are sold because shares are bought and sold at current market prices.
This is your Counts mockup
| Calendar Year | Calendar Year through | |
|---|---|---|
| Days traded at premium | 0 | 0 |
| Days traded at net asset value | 0 | 0 |
| Days traded at discount | 0 | 0 |
There is no guarantee that distributions will be made.
*A covered call refers to a financial transaction in which the investor selling call options owns an equivalent amount of the underlying security.
Investing involves risk, including the possible loss of principal. You could lose money by investing in the Fund. There can be no assurance that the Fund’s investment objectives will be achieved. Interest Rate Risk is the risk when interest rates rise, there is a corresponding decline in bond values. Conversely, very low or negative interest rates may magnify interest rate risk. The Fund is non-diversified and can invest a greater portion of its assets in individual securities than a diversified fund; changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund. The Fund is subject to the risks associated with the Underlying Funds specifically U.S. Treasury Securities Risk. The Fund bears its proportionate share of the Underlying ETF’s expenses.
Covered call risk is the risk that the Fund will forgo, during the option’s life, the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the strike price of the call, but has retained the risk of loss should the price of the underlying security decline. The Fund will also utilize FLEX Options and subject to the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. The Fund currently expects to make distributions on a regular basis, a portion of which may be considered return of capital.
Investment Adviser: Amplify Investments LLC; Sub-Adviser: Samsung Asset Management (New York), Inc.
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