Fund Details
| Ticker | AIEQ® |
| Inception |
10/17/2017 |
| Primary Exchange | NYSE Arca |
| CUSIP | 032108565 |
| Net Assets | N/A |
| Shares Outstanding | |
| # of Holdings (view all holdings) | N/A |
| Expense Ratio: | 0.75% |
Index Details
| Index Name | AI Powered Equity Index |
| Index Ticker | AIEQTR |
| Index Provider | EquBot Inc. |
| Weighting Methodology | Proprietary |
| Rebalance Frequency | Monthly |
| Index Website | EquBot |
| Index Methodology | |
Why Invest in AIEQ?
- Harnesses The Power of AI: Strategy uses IBM Watson for machine learning, sentiment analysis and natural language processing to select securities for the EquBot index.
- Quantum Computing: Analyzing more than 1 million data points every day, across news, social media, industry and analyst reports, financial statements on over 6,000 U.S. companies, technical, macro, market data and more.
- Institutional Capability For Everyone: Previously only available to hedge funds and professional trading firms, this method of stock selection is now accessible as an efficient solution in an ETF.
Objective and Strategy
AIEQ seeks investment results that generally correlate (before fees and expenses) to the total return performance of the AI Powered Equity Index that runs on the IBM Watson™ platform. Leveraging the power of artificial intelligence (AI), the unbiased and data-driven approach revolutionizes security selection by harnessing up to 10 years of historical data and then applying this analysis to recent economic data and more than 1M news articles and data sources to transform security selection.
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
Fund Holdings
| TOP 10 HOLDINGS | |||
|---|---|---|---|
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Sector Allocation
Country Allocation
Market Capitalization
| LARGE CAP (> $10B): | N/A |
| MID CAP ($2B - $10B): | N/A |
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 (10/17/17) |
1 Yr. | 3 Yr. | 5 Yr. | Since Inception (10/17/17) |
|
| Month end as of TBD | |||||||||
| Fund NAV | N/A | N/A | 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 | N/A | N/A |
| AI Powered Equity Index | N/A | N/A | 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 | N/A | N/A |
| Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| AI Powered Equity Index | N/A | N/A | 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. The AI Powered Equity Index tracks the performance of companies selected by an AI data-driven quantitative model that factors in recent economic events and news.
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.
| Calendar Year | Calendar Year through | |
|---|---|---|
| Days traded at premium | N/A | N/A |
| Days traded at net asset value | N/A | N/A |
| Days traded at discount | N/A | N/A |
There is no guarantee that distributions will be made.
Prior to 1/29/24, the Amplify AI Powered Equity ETF was formerly the AI Powered Equity ETF.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. The equity securities held in the Fund’s portfolio may experience sudden, unpredictable drops in value or long periods of decline in value. This may occur because of factors that affect securities markets generally or factors affecting specific issuers, industries, or sectors in which the Fund invests such as political, market and economic developments, as well as events that impact specific issuers. The Fund’s Index invests in companies that are derived from a SPAC. These companies may be unseasoned and lack a trading history, a track record of reporting to investors, and widely available research coverage. Smaller companies may be more vulnerable to adverse business or economic events than larger, more established companies, and may underperform other segments of the market or the equity market as a whole.
Amplify Investments LLC is the Investment Adviser to the Fund, and Toroso Investments, LLC serves as the Investment Sub-Adviser.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
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