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| Distribution Rate Distribution Rate is the normalized current distribution (annualized) over NAV per share. Distributions may include return of capital (ROC). Click on "All Distributions→" to view Form 19a-1. |
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| 30-Day SEC Yield 30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the income earned from dividends – excluding option income – during the period after deducting the Fund’s expenses for the period. |
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Overview
Why Invest in YYYM ETF?
- Tax Advantaged High Income: YYYM seeks tax-advantaged high monthly income through a portfolio of ~30 tax-exempt municipal bond CEFs prioritizing yield, NAV discounts, and liquidity.
- Appreciation Potential: YYYM aims to enhance yield with capital appreciation by investing in a portfolio of CEFs focused on trading at a discount to NAV.
- Access Top-Tier Managers: YYYM offers exposure to tax-exempt municipal bond CEFs managed by top-tier asset managers.
Objective & Strategy
The Amplify Municipal CEF High Income ETF (YYYM) seeks investment results that generally correspond (before fees and expenses) to the price and yield performance of the Nasdaq Municipal Bond CEF High Income™ Index (“the Index”). The Index includes tax-exempt municipal bond CEFs (closed-end funds) for high monthly income while prioritizing yield, discount to net asset value (NAV), and liquidity. This investment approach results in a portfolio of tax-exempt municipal bond CEFs that are professionally managed and seeking tax-advantaged high monthly income.
Key Information
Fund Details
Fees & Expenses
| Management Fee | 0.50% |
| Acquired Fund Fees & Expenses | 2.28%Estimated based on expected expenses for the current fiscal year. |
| Total Expense Ratio | 2.78%As of most recent prospectus |
Index Details
| Index Name | Nasdaq Municipal Bond CEF High Income™ Index |
| Index Ticker | YLDM |
| Index Provider | Nasdaq, Inc. |
| Weighting Methodology | Modified Yield Weight |
| Rebalance Frequency | Semi-Annual |
| Index Website | Nasdaq Global Indexes |
Selection Methodology
Eligible Universe
CEFs must be organized as a tax-exempt municipal bond fund.
Initial Selection
Eligible constituents are ranked highest to lowest based on yield, discount and liquidity characteristics to determine status as a Tier 1 or Tier 2 constituent. Eligible constituents expense ratio may not exceed 6%.
Weighting
The Top 30 Tier 1 and (if needed) Tier 2 Funds are selected. Funds are weighted based on yield. No fund may exceed 5%.
Rebalance
The final portfolio aims for 30 high income tax-exempt municipal CEFs and is rebalanced in January and July.
Performance & Holdings
Performance
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Brokerage commissions will reduce returns. NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price is the last price at which the fund traded.
Indexes are unmanaged and it’s not possible to invest directly in an index. The Nasdaq Municipal Bond CEF High Income Index is designed to measure the returns and income of 30 selected U.S.-listed Municipal Bond Closed-End Funds.
Top 10 Holdings
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Allocation
Distributions & Yields
Distributions
Yields
Taxable Equivalent 30-Day SEC Yields
There is no guarantee that distributions will be made. Distributions may include income, capital gains, or return of capital and may vary during the year, details in the Fund’s Form 19a‑1.
Price
NAV/Market Price
Daily Price/NAV Performance
Premium/Discount
The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than an NAV when those shares are sold because shares are bought and sold at current market prices.
Literature
Fund Resources
Insights
International Insights: Investing Across the Globe - May 2026
June 8, 2026
Audio Commentary by Tim Seymour, IDVO Portfolio Manager
Climate Capital: The Case for ESG Investing
May 22, 2026
In an era where climate change debates heat the political sphere, many savvy business owners and investors are turning their focus toward a cooler, more sustainable future.
The Digital Economy Is Built on Real Assets
May 20, 2026
Artificial intelligence and the digital economy are driving unprecedented demand for electricity and critical materials—creating a new energy supercycle.
How to Invest
Amplify ETFs trade throughout the day, similar to publicly-traded stocks, on an exchange. There are multiple ways to invest in Amplify ETFs:
- Contact a Financial Advisor to discover how Amplify ETFs may fit within your portfolio.
- Amplify ETFs are available through various online platforms and brokerage accounts.
Connect with your ETF Specialst or call (855) 267-3837
*Estimated based on expected expenses for the current fiscal year.
There is no guarantee that the Fund will meet its investment objective. Because the Fund is a fund of funds, its performance largely depends on the investment performance of the Underlying Funds. The Fund is subject to the risks associated with those Underlying Funds and the Index they collectively comprise. These risks include market risk, issuer-specific risk, inflation risk, and risks related to municipal securities and debt instruments. Fixed income securities generally fall in value as interest rates rise, and underlying holdings may be subject to call, prepayment, credit, and liquidity risks. The Fund will indirectly pay a proportional share of the fees and expenses of the Underlying Funds in addition to its own fees.
The Fund may be exposed to leverage through the Underlying Funds, which can increase volatility and magnify losses. Concentration in certain industries or sectors may cause the Fund to underperform broader markets. As a passive strategy, the Fund will not adjust holdings due to market conditions unless changes occur in the Index. Because the Fund is non diversified, it may invest a greater portion of assets in fewer issuers, which may increase volatility.
Investment income may be subject to state and local taxes and the federal alternative minimum tax (AMT). Capital gains are not exempt from state and federal income tax.
The Fund is new and may experience higher expenses and greater impacts from large inflows or outflows. Valuation challenges may arise during periods of reduced market liquidity. There is no guarantee that the Index will be compiled, calculated, or tracked accurately.
The Nasdaq Municipal Bond CEF High Income Index is designed to measure the returns and income of 30 selected U.S.-listed Municipal Bond Closed-End Funds.
Amplify Investments LLC is the Investment Adviser to the Fund, and Penserra Capital Management serves as the Investment Sub-Adviser.