YYY Profile
The Amplify High Income ETF (YYY), issued by Amplify Investments, functions as an exchange-traded fund designed to replicate the performance of the ISE High Income index. Launched on June 12, 2013, YYY tracks an index composed of US-listed closed-end funds, which are selected and weighted based on criteria including yield, discount to Net Asset Value (NAV), and trading volume.
The fund's investment strategy focuses on capturing income opportunities from closed-end funds across various asset classes and sectors without constraints on underlying assets or investment strategies. This approach allows YYY to provide investors with diversified exposure to high-yielding securities while benefiting from potential opportunities presented by discounts to NAV and robust trading volumes.
YYY's portfolio construction emphasizes yield-seeking investments, reflecting its objective to deliver high income generation to investors in a low interest rate environment. The ETF's management employs a disciplined approach to selecting closed-end funds that exhibit attractive income characteristics and liquidity profiles, aiming to enhance total return through a combination of dividends and potential capital appreciation.
Amplify Investments' management of YYY underscores its commitment to offering innovative investment solutions that cater to income-focused investors seeking attractive yields and portfolio diversification. As part of Amplify Investments' suite of ETF offerings, YYY exemplifies the firm's dedication to providing transparent access to closed-end fund strategies within a structured and efficient ETF framework. The ETF's listing on major exchanges ensures liquidity and accessibility, facilitating effective implementation of income-oriented investment strategies aligned with evolving market conditions and investor objectives.
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