# Amplify TLT U.S. Treasury 12% Option Income ETF (TLTP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tltp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Amplify · Asset class: Equity - Strategy: Options Income · Inception: 2024-10-29 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 Tr... ## Key Facts | Metric | Value | |---|---| | Price | $19.48 | | Expense Ratio | 0.39% | | Assets Under Management | $31.3M | | NAV | $19.57 | | Holdings Count | 3 | | Distribution Yield (TTM) | 14.02% | | Annual Distribution (TTM) | $2.73 /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.56 – $23.36 | | Beta | 0.13 | ## Latest Distribution - Amount: $0.2091 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does TLTP invest in? 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. 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. Prior to February 19, 2025, the fund name was Amplify Bloomberg U.S. Treasury Target High Income ETF. Until November 24, 2025, the fund name was Amplify Bloomberg US Treasury 12% Premium Income ETF. ### What is the expense ratio of TLTP? Amplify TLT U.S. Treasury 12% Option Income ETF (TLTP) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations. ### What is TLTP's distribution yield? TLTP's trailing-twelve-month yield is 14.02%, calculated from the sum of distributions over the past year divided by the current price. ### How does TLTP's covered-call strategy work? TLTP sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund. ### How big is TLTP? Amplify TLT U.S. Treasury 12% Option Income ETF (TLTP) manages $31.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is TLTP actively managed or an index fund? TLTP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does TLTP pay a distribution? Yes, Amplify TLT U.S. Treasury 12% Option Income ETF (TLTP) distributes distributions to shareholders. The trailing-twelve-month yield is 14.02%. Full distribution history is on this page. ### How often does TLTP pay distributions? Amplify TLT U.S. Treasury 12% Option Income ETF pays distributions Monthly. Each ex-dividend date, record date, and payment date is listed in the distribution history table on this page. ### When is TLTP's next ex-distribution date? The most recently announced ex-distribution date for TLTP was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the distribution history table on this page. ### Is TLTP's distribution sustainable? Covered-call ETFs like TLTP fund their distributions from option premium income. Sustainability depends on (1) whether option premiums stay high enough to cover the announced rate, and (2) whether NAV holds up over time. The NAV Erosion section on this page contrasts total return with price change since inception. If distributions consistently exceed total return, the fund is paying out capital rather than income. ### How much will TLTP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TLTP charge its expense ratio? The expense ratio is deducted in tiny daily slices from TLTP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TLTP cost more than a fund like VOO? TLTP is an options-income fund (current expense ratio 0.39%). Covered-call and 0DTE strategies require active option-writing, daily rebalancing, and dedicated risk management. They cost more than passive equity funds. The Cost Verdict card compares TLTP against the options-income cohort, not VOO. ### Are TLTP's distributions taxed at ordinary income or qualified-dividend rates? TLTP's option-premium distributions are typically classified as ordinary income (NOT the qualified-dividend rate), so they're taxed at your marginal federal rate plus state. For a 24% bracket investor that's roughly 2x the 15% long-term capital gains rate most dividend investors are used to. The Fee Compounding Forecast card above lets you layer in this tax drag alongside the fund fee. Consult a tax advisor. This is not tax advice. ### Are there cheaper alternatives to TLTP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TLTP (0.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tltp - Distribution history: https://www.dividenddata.com/funds/tltp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tltp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tltp/expenses - Peer comparison: https://www.dividenddata.com/funds/tltp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.