Amplify XRP 3% Monthly Option Income ETF

Frequently Asked Questions About XRPM

What does XRPM invest in?

The fund seeks to participate in the price return of XRP (“XRP Price”) and to generate a high level of annualized option premium by selling options on U.S.-regulated ETFs that provide exposure to XRP (“XRP ETPs”). The fund will seek to vary its option selling each week to a level sufficient to generate 36% annualized option premium (the “Target Option Premium”), based upon the NAV of the fund each time the fund sells the weekly options contracts. The fund is non-diversified.

What is the expense ratio of XRPM?

Amplify XRP 3% Monthly Option Income ETF (XRPM) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

What is XRPM's distribution yield?

XRPM's trailing-twelve-month yield is 39.49%, calculated from the sum of distributions over the past year divided by the current price. A rate this high reflects large option-premium distributions against a NAV that has declined over the same period — part of each payout may be return of capital rather than earned income.

How does XRPM's covered-call strategy work?

XRPM 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 XRPM?

Amplify XRP 3% Monthly Option Income ETF (XRPM) manages $12.4M 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 XRPM actively managed or an index fund?

XRPM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.