Amplify Cash Flow High Income ETF

Fund Details

Data as of: N/A
Ticker HCOW
Inception 9/20/2023
Primary Exchange Nasdaq
CUSIP 032108680
Net Assets N/A
Shares Outstanding N/A
# of Holdings (view all holdings) N/A
Expense Ratio 0.65%

Index Details

Index NameKelly US Cash Flow Dividend Leaders Index
Index ProviderKelly Indexes, LLC
Index TickerHCOWETF
WeightingModified Market Cap
Rebalance FrequencyQuarterly
Index Websitekellyintel.com

 

1 Estimate based on the expenses the Fund expects to incur for the current fiscal year.

2 The Fund's investment adviser has agreed to waive the management fees for the Fund until at least July 25, 2024.

Three Reasons to Own HCOW:

  1. High Current Income From Dividends & S&P 500-based Call Income Strategy:Strategy seeks dividend income from high cash flow US-based dividend paying stocks, plus a call income strategy on the S&P 500 index.
  2. High Free Cash Flow Stock Exposure: Strategy seeks dividend paying companies with a history of dividend growth while excluding companies with payout ratios above 75%.
  3. Risk Control: Strategy seeks 80% or more exposure to high quality US based dividend paying stocks with an individual industry exposure cap of 24%.

Payout ratio is forward-looking and calculated by dividing the forward 12-month indicated dividend by the forward 12-month consensus earnings per share forecast.

Objective and Strategy

HCOW is an actively-managed strategy-driven ETF that seeks to provide high monthly income through the ownership of dividend paying companies with high free cash flow yield combined with a call income strategy component.

Free cash flow is the remaining cash a company has after covering all expenses.

High free cash flow is one way to indicate the financial stability of a company.

Call income strategy is designed to create option-based income and can enhance traditional income from stock-based dividends.

Yield

Data as of: TBD
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

Data as of: N/A
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

Data as of: N/A
 

Fund Holdings

Data as of: N/A
TOP HOLDINGS
CALL INCOME STRATEGY
TOTAL PORTFOLIO ALLOCATION
∑ =
%

Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.

The Call Income Strategy is a rules-based strategy that seeks to provide systematic and non-discretionary income by selling, each day, two call option contracts on the S&P 500 Index with targeted expiration dates of approximately two weeks into the future. The Fund will hold certain assets that serve as collateral allocated to the Call Income Strategy.

HCOW Selection Methodology

The Syntax US 1000 Index is a broad-based US equity index that tracks the top 1000 companies within the Syntax US 3000 Index, excluding companies in the financials sector as determined by Syntax LLC.

High Free Cash Flow & Dividend Growth

Data as of: August 31, 2023

Past performance is not a guarantee of future results. Index performance is not representative of fund performance. Source: Amplify ETFs and Syntax LLC. Yield on 8/31/2023. Trailing free cash flow yield is an indicator that compares free cash flow and market cap. Trailing 12 month dividend yield includes all dividends paid during the past year in order to calculate the dividend yield.

Index Sector Allocation

Data as of: N/A

Market Capitalization

Data as of: N/A
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
(9/20/23)
1 Yr. Since Inception
(9/20/23)
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
S&P 500 TR 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
S&P 500 TR 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.

The S&P 500 Total Return Index is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies.

Premium/Discount

Data as of: N/A
 

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

HCOW Distributions

EX-DATERECORD DATEPAYABLE DATEAMOUNT

2023

2024

1/29/241/30/241/31/24$ 0.16906
2/27/242/28/242/29/24$0.17080
3/26/243/27/243/28/24$0.18013
4/26/244/29/244/30/24$0.17566
5/30/245/30/245/31/24$0.17419
6/27/246/27/246/28/24
7/30/247/30/247/31/24
8/29/248/29/248/30/24
9/27/249/27/249/30/24
10/30/2410/30/2410/31/24
11/27/2411/27/2411/29/24
12/30/2412/30/2412/31/24

There is no guarantee that distributions will be made.

*The Systematic Option Series AM US 1 Excess Return Strategy and its data (collectively, the “Index”) are provided “AS IS” and “AS AVAILABLE” without warranty or liability of any kind, whether express or implied, and no copying or distribution is permitted. The Index owner and its third party data providers make no representation or warranty, express or implied, regarding the advisability of investing in any products linked to the Index, and does not sponsor, promote, issue, sell or otherwise recommend or endorse any investment or strategy, including any financial products or strategies, based on the Index or otherwise utilizing the Index. Index owner does not guarantee the accuracy, timeliness, non-infringement and/or completeness of the index or of the methodology underlying the index, the calculation of the index or any data supplied by it for use in connection with any product that utilizes the index. Index owner expressly disclaims all liability for any special, punitive, direct, indirect or consequential damage even if notified of the possibility of such damages.

Investing involves risk, including the possible loss of principal. The fund is new with limited operating history. You could lose money by investing in the Fund. 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. There can be no assurance that the Fund’s investment objectives will be achieved. Brokerage commissions will reduce returns. Although the Shares are listed for trading on the Exchange, there can be no assurance that an active trading market for the Shares will develop or be maintained.

The value of the Shares will fluctuate with changes in the value of the equity securities in which it invests. Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers 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. Diversification does not assure a profit or protect against a loss in a declining market. The Fund is susceptible to operational risks through breaches in cyber security. Small and/or mid-capitalization companies may be more vulnerable to adverse general market or economic developments.

The Fund is actively-managed and its performance reflects investment decisions that the Adviser makes for the Fund. The Fund’s use of derivatives may be considered aggressive and may expose the Fund to greater risks and larger losses or smaller gains than investing directly in the reference asset(s) underlying those derivatives.

The Fund is subject to increased counterparty risk with respect to the amount it expects to receive from counterparties to uncleared swaps. Investing in options and other instruments with option-type elements may increase the risk, volatility and/or transaction expenses of the Fund. The Fund invests in the COWS ETF which invests in large capitalization companies. Large-capitalization companies may be less able than smaller-capitalization companies to adapt to changing market conditions.

Amplify Investments LLC serves as the investment adviser to the Fund. Kelly Strategic Management, LLC and Penserra Capital Management LLC each serve as investment sub-advisers to the Fund.

Amplify ETFs are distributed by Foreside Fund Services, LLC.

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