Key stats
About Amplify ETF Trust Amplify Bloomberg U.S. Treasury Target High Income ETF
Expense ratio
0.38%
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Inception date
Oct 29, 2024
Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index - Benchmark TR Gross
TLTP combines long positions in the iShares 20+ Year Treasury Bond ETF (TLT) and sells weekly, at-the-money FLEX call options on the underlying ETF. Holdings may include either the ETF or direct US treasuries, depending on favorable pricing. The strategy aims to generate option premiums targeted at 1% per month through covered calls. In exchange for these premiums, the fund forfeits any gains above the options strike price when the ETF appreciates. Additionally, it gives up market gains on ETF holdings if call options are exercised. Up to 50% of the call options may be uncovered, with US Treasuries used to meet obligations as needed. The fund uses European-style options, meaning they can only be exercised at expiration. TLTP performs best in relatively stable markets, where premium income is consistent, and bond prices dont decline sharply. However, the use of FLEX options opens investors to counterparty risk.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Government
Bonds, Cash & Other100.00%
ETF62.44%
Government36.04%
Mutual fund0.98%
Cash0.58%
Rights & Warrants−0.05%
Top 10 holdings
Dividends
Dividend payout history