Fund Details
| Ticker | SLJY |
| Launch Date | 08/19/2025 |
| Primary Exchange | NYSE Arca |
| CUSIP | 032108433 |
| Net Assets | $1,250,000 |
| Shares Outstanding | 50,000 |
| # of Holdings (view all holdings) | TBD |
| Total Expense Ratio: | 0.75% |
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 |
Why Invest in SLJY ETF?
- High Income: SLJY targets 18% annualized option premium income.
- Upside Participation: Pursues price appreciation and high option premium1 income to deliver attractive total return potential by prioritizing out of the money (OTM)2 options.
- Diversified Income: SLJY seeks monthly income distributions from covered call premiums offering income diversification potential due to silvers’ historically low correlation to stocks and bonds.
Objective and Strategy
SLJY seeks to balance high income and capital appreciation through investment exposure to junior silver mining companies and a covered call strategy. By incorporating a tactical OTM covered call options writing strategy, the fund seeks to monetize volatility to generate 18% annualized option income while also offering the upside potential of junior silver mining companies through exposure to Amplify Junior Silver Miners ETF (SILJ), underlying equities of SILJ, and silver exchange traded products (ETPs).
Yield
| Distribution Frequency | Monthly | 30-Day SEC Yield** | N/A | |
| Distribution Rate* | N/A | |||
* Distribution Rate is the normalized current distribution (annualized) over NAV per share. In addition to net interest income, distribution on X/XX/XXXX included an estimated return of capital of XX%. See Form 19a-1.
** 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.
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.
SLJY Weekly Covered Call Construction
Buy
Buy long exposure to SILJ and underlying equities of SILJ and Silver ETFs.
Targets 18% Annual Premium Income
Write
Sell covered calls on a portion of the portfolio OTM, to target 18% annualized premium income while providing upside potential.
Roll
Replace expiring covered call options with new ones to generate ongoing option premiums.
Distribute
SLJY seeks to pay monthly distributions that include targeted option premiums.
There is no guarantee that distributions will be made. There is no guarantee the Fund will achieve the Target Option Premium in any given investment period.
Sector Allocation
Junior Silver Miners Exposure & Covered Call Enhanced Income
SLJY utilizes a covered call strategy and seeks exposure to junior silver mining companies, a dynamic asset class we believe has significant growth potential.
Upside Participation with High Beta3 Exposure
SLJY provides access to junior silver mining stocks, which typically have a high beta, both up and down, to the price of silver. SLJY prioritizes OTM covered call options to offer upside exposure to junior silver miners while generating option premium income—aiming to balance growth and yield.
Income from Volatility
SLJY’s covered calls aim to monetize price swings, turning volatility into attractive income potential.
Risk Management and Diversification
Covered calls in SLJY may provide an income cushion in volatile markets while also offering exposure to an asset class that typically has a low correlation to traditional equities and bonds.
Silver Macro Tailwinds
Benefit from long-term drivers such as industrial demand due in part to AI (artificial intelligence) and electrification, market uncertainty, and monetary policy shifts.
Market Capitalization
| LARGE CAP (> $10B): | N/A |
| MID CAP ($2B - $10B): | N/A |
| SMALL CAP ($300M - < $2B): | 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 | 1 Yr. | Since Inception | |||
| Month end as of TBD | |||||||||
| 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 | ||
| Quarter end as of TBD | |||||||||
| 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 | ||
Fund inception date: 08/18/2025. 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. 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.
NAV and Market Price
| Previous Day's NAV | Previous Day's Market Price | |||
|---|---|---|---|---|
| Net Asset Value | $25.00 | 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
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 |
1An option premium is the cost an option buyer pays to the seller for the right to trade an asset at a set price within a certain period.
2OTM means calls are written using an out of the money strategy.
3High beta means an asset is typically more sensitive to market movements.
Investing involves risk and 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. The fund is new with limited operating history.
The Fund is actively-managed, and its performance reflects investment decisions that the Adviser makes for 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. A higher portfolio turnover will cause the Fund to incur additional transaction costs and may result in higher taxes when Shares are held in a taxable account. Brokerage commissions will reduce returns. The Fund invests in the equity securities of companies in the metals and mining industry included in the SILJ ETF. Metals and mining investments can be speculative and more volatile than other sectors. As a non-diversified fund, it holds fewer assets and is more exposed to issuer volatility.
Option prices are volatile, influenced by asset value, rates, and policies. FLEX Options may be less liquid, making it harder to close positions at preferred times or prices.
The Fund plans monthly distributions, partly as return of capital, which lowers cost basis and may increase future taxes, even if shares are sold at a loss.
Amplify Investments LLC is the Investment Adviser to the Fund, and Tidal Investments, LLC serves as the Investment Sub-Adviser. Amplify ETFs are distributed by Foreside Fund Services, LLC.
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