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Amplify ETF Trust - Amplify CEF High Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It is co-managed by Penserra Capital Management LLC. The fund invests in public equity, fixed income, and commodity markets of the United States. For its equity portion, it invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests through other funds in debt securities. For its commodity portion…
Is YYY's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
The Amplify CEF High Income ETF offers a 12.81% distribution rate, but its 10-year NAV total return is only 5.11% annualized. Several major credit-oriented holdings use substantial leverage, while tight high-yield spreads leave limited room for error if credit conditions normalize. YYY's underlying CEF discount has narrowed from 7.9% at June-end to 5.27%, reducing the valuation cushion available to investors.
Beyond covered call funds and preferred stock ETFs, a quieter corner of the income market runs on closed-end fund discounts and floating-rate loan collateral, and the yields range from surprising to almost implausible.
YYY: More Funds But Less Returns
CreativeOne Wealth LLC boosted its stake in shares of Amplify High Income ETF (NYSEARCA:YYY) by 109.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 94,025 shares of the company's stock after acquiring an additional 49,164 shares during the period. CreativeOne Wealth LLC owned about
Amplify ETFs launches the Amplify Municipal CEF High Income ETF, a new ETF targeting high tax-free income through municipal closed-end funds.