Amplify CWP Enhanced Dividend Income ETF
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
19.5%
1 yr return
21.5%
3 Yr Avg Return
8.8%
5 Yr Avg Return
12.0%
Net Assets
$3.06 B
Holdings in Top 10
51.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.56%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 89.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DIVO - Profile
Distributions
- YTD Total Return 19.5%
- 3 Yr Annualized Total Return 8.8%
- 5 Yr Annualized Total Return 12.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.38%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmplify CWP Enhanced Dividend Income ETF
-
Fund Family NameAmplify ETFs
-
Inception DateDec 13, 2016
-
Shares Outstanding40300000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin Simpson
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in dividend-paying U.S. exchange-traded equity securities (“Equity Securities”) and will opportunistically utilize an “option strategy” consisting of writing (selling) U.S. exchange-traded covered call option contracts on such Equity Securities. Amplify Investments LLC (“Amplify Investments” or the “Adviser”) serves as the investment adviser to the Fund. Capital Wealth Planning, LLC (“CWP” or a “Sub-Adviser”) and Penserra Capital Management LLC (“Penserra” or a “Sub-Adviser”, and collectively with CWP, the “Sub-Advisers”) each serve as investment sub-advisers to the Fund. Penserra is responsible for implementing the Fund’s investment program by, among other things, trading portfolio securities and performing related services, rebalancing the Fund’s portfolio and providing cash management services in accordance with the investment advice formulated by, and model portfolios delivered by, CWP and Amplify Investments. The Sub-Advisers are not affiliated with the Fund or Amplify Investments.
The Fund’s portfolio is strategically designed to offer high levels of total return on a risk-adjusted basis. The portfolio consists primarily of dividend-paying stocks that deliver cash flows from dividend and option income while offering the potential for capital appreciation. CWP constructs a portfolio that is diversified across the industry sectors represented by the S&P 500 Total Return Index (the “S&P 500”) and sells call option contracts tactically to generate additional income. CWP actively manages sector allocation and opportunities to participate in defensive and cyclical trends within economic cycles. CWP also screens for growth and value stocks that have a history of increasing dividends and possess strong fundamentals.
Equity Securities Portfolio. CWP seeks to identify Equity Securities of high-quality large capitalization companies from the S&P 500 that CWP believes are likely, over time, to sustain their earnings and cash flow growth and increase their dividends. In accordance with this investment methodology, CWP seeks to identify Equity Securities of companies that are likely to raise annual dividends consistently. In constructing its portfolio of approximately 20 to 25 of such Equity Securities (the “Portfolio”), CWP considers which industry sectors within the S&P 500 appear to be outperforming relative to the overall market and over-weights those sectors by selecting Equity Securities that are outperforming relative to their peers within such sectors. Under normal market circumstances, the Portfolio’s aggregate exposure to any one sector will be less than 25%, and the maximum weighting of each of the Equity Securities will be no more than 8%. The Equity Securities held by the Fund will, on an ongoing basis, be screened and adjusted according to other investment attributes, including market capitalization, management track record, earnings, cash flows and return on equity.
Covered Call Option Strategy. The Fund will also employ an option strategy in which it will opportunistically write (sell) U.S. exchange-traded covered call options on certain of the Equity Securities in the Portfolio in order to seek additional income (in the form of premiums on the options) and selective repurchase of such options. A call option written (sold) by the Fund will give the holder (buyer) the right to buy a certain equity security at a predetermined strike price from the Fund. A premium is the income received by the writer of the option contract. CWP seeks to lower risk and enhance total return by tactically selling short-term call option contracts on some, or all, of the Equity Securities in the Portfolio. Specifically, CWP seeks to provide gross income of approximately 2-3% from dividend income and 2-4% from option premium, plus the potential for capital appreciation. In selling call option contracts, the Fund effectively sells its ability to participate in gains of the reference security beyond the predetermined strike price in exchange for the premium income received. Unlike a systematic covered call program, CWP is not obligated to continuously cover each individual equity position. When one of the underlying stocks demonstrates strength or an increase in implied volatility, CWP identifies that opportunity and sells call option contracts tactically, rather than keeping all positions covered and limiting potential upside.
For more information on the Fund’s principal investment strategy, including the Enhanced Dividend Income Portfolio, please refer to the section entitled “Additional Information About the Fund’s Strategies and Risks—Principal Investment Strategies” and “Management of the Fund — Prior Related Performance of CWP.”
Diversification Status. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”).
DIVO - Performance
Return Ranking - Trailing
Period | DIVO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.5% | -2.8% | 240.8% | 17.39% |
1 Yr | 21.5% | -4.3% | 140.6% | 15.65% |
3 Yr | 8.8%* | -8.3% | 18.3% | 3.85% |
5 Yr | 12.0%* | -5.0% | 17.3% | N/A |
10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | DIVO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.9% | -34.1% | 904.0% | 40.54% |
2022 | -6.1% | -28.6% | 438.4% | 23.12% |
2021 | 16.8% | -93.5% | 8.2% | 40.69% |
2020 | 6.5% | -38.9% | 19.8% | 6.98% |
2019 | 15.0% | -10.9% | 12.8% | N/A |
Total Return Ranking - Trailing
Period | DIVO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.5% | -2.7% | 244.0% | 18.97% |
1 Yr | 21.5% | -4.3% | 140.6% | 14.35% |
3 Yr | 8.8%* | -8.3% | 18.3% | 3.85% |
5 Yr | 12.0%* | -5.4% | 17.3% | N/A |
10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DIVO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.0% | -34.1% | 904.0% | 40.54% |
2022 | -1.1% | -5.9% | 438.4% | 23.70% |
2021 | 22.9% | -81.2% | 8.2% | 54.48% |
2020 | 12.4% | -29.0% | 19.8% | 9.30% |
2019 | 24.8% | -10.9% | 12.8% | N/A |
DIVO - Holdings
Concentration Analysis
DIVO | Category Low | Category High | DIVO % Rank | |
---|---|---|---|---|
Net Assets | 3.06 B | 25 | 17.4 B | 22.10% |
Number of Holdings | 33 | 2 | 508 | 50.00% |
Net Assets in Top 10 | 1.84 B | -6.66 M | 5.12 B | 19.85% |
Weighting of Top 10 | 51.25% | 11.3% | 100.0% | 32.67% |
Top 10 Holdings
- Caterpillar Inc 5.56%
- UnitedHealth Group Inc 5.55%
- Home Depot Inc/The 5.39%
- Apple Inc 5.17%
- Visa Inc 5.13%
- Microsoft Corp 4.96%
- Amplify Samsung Sofr Etf 4.94%
- Procter Gamble Co/The 4.90%
- Goldman Sachs Group Inc/The 4.89%
- Amgen Inc 4.76%
Asset Allocation
Weighting | Return Low | Return High | DIVO % Rank | |
---|---|---|---|---|
Stocks | 95.87% | -3.92% | 100.76% | 8.02% |
Cash | 4.57% | -0.76% | 100.29% | 97.33% |
Preferred Stocks | 0.00% | 0.00% | 3.08% | 86.64% |
Convertible Bonds | 0.00% | 0.00% | 20.91% | 88.17% |
Bonds | 0.00% | 0.00% | 97.96% | 88.17% |
Other | -0.03% | 0.00% | 45.92% | 89.31% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DIVO % Rank | |
---|---|---|---|---|
Financial Services | 23.84% | 0.00% | 29.60% | 33.19% |
Healthcare | 15.25% | 0.00% | 25.91% | 11.34% |
Technology | 13.10% | 0.00% | 44.43% | 85.71% |
Consumer Cyclical | 11.61% | 0.00% | 19.02% | 5.46% |
Energy | 11.17% | 0.00% | 69.54% | 5.46% |
Industrials | 8.33% | 1.41% | 43.91% | 13.87% |
Consumer Defense | 5.62% | 0.00% | 22.87% | 15.13% |
Basic Materials | 5.49% | 0.00% | 60.58% | 13.03% |
Utilities | 3.87% | 0.00% | 13.35% | 21.43% |
Communication Services | 1.69% | 0.00% | 21.22% | 95.80% |
Real Estate | 0.00% | 0.00% | 9.74% | 98.32% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DIVO % Rank | |
---|---|---|---|---|
US | 95.87% | -3.89% | 100.00% | 0.38% |
Non US | 0.00% | -2.17% | 99.33% | 97.33% |
DIVO - Expenses
Operational Fees
DIVO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.56% | 0.20% | 6.78% | 59.67% |
Management Fee | 0.55% | 0.20% | 1.75% | 12.31% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 58.05% |
Administrative Fee | N/A | 0.02% | 0.28% | N/A |
Sales Fees
DIVO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
DIVO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DIVO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 89.00% | 0.00% | 456.80% | 75.00% |
DIVO - Distributions
Dividend Yield Analysis
DIVO | Category Low | Category High | DIVO % Rank | |
---|---|---|---|---|
Dividend Yield | 4.90% | 0.00% | 3.76% | 2.97% |
Dividend Distribution Analysis
DIVO | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
DIVO | Category Low | Category High | DIVO % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.38% | -2.54% | 14.24% | 15.98% |
Capital Gain Distribution Analysis
DIVO | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 27, 2024 | $0.171 | OrdinaryDividend |
Oct 30, 2024 | $0.164 | OrdinaryDividend |
Sep 27, 2024 | $0.163 | OrdinaryDividend |
Aug 29, 2024 | $0.161 | OrdinaryDividend |
Jul 30, 2024 | $0.158 | OrdinaryDividend |
Jun 27, 2024 | $0.156 | OrdinaryDividend |
Apr 26, 2024 | $0.153 | OrdinaryDividend |
Mar 26, 2024 | $0.155 | OrdinaryDividend |
Feb 27, 2024 | $0.152 | OrdinaryDividend |
Jan 29, 2024 | $0.149 | OrdinaryDividend |
Dec 27, 2023 | $0.146 | OrdinaryDividend |
Nov 28, 2023 | $0.142 | OrdinaryDividend |
Oct 27, 2023 | $0.138 | OrdinaryDividend |
Sep 27, 2023 | $0.141 | OrdinaryDividend |
Aug 29, 2023 | $0.143 | OrdinaryDividend |
Jul 27, 2023 | $0.148 | OrdinaryDividend |
Jun 28, 2023 | $0.142 | OrdinaryDividend |
May 26, 2023 | $0.139 | OrdinaryDividend |
Apr 26, 2023 | $0.145 | OrdinaryDividend |
Mar 29, 2023 | $0.139 | OrdinaryDividend |
Feb 24, 2023 | $0.141 | OrdinaryDividend |
Jan 27, 2023 | $0.144 | OrdinaryDividend |
Dec 28, 2022 | $0.144 | OrdinaryDividend |
Nov 28, 2022 | $0.147 | OrdinaryDividend |
Oct 27, 2022 | $0.139 | OrdinaryDividend |
Oct 27, 2022 | $0.139 | CapitalGainLongTerm |
Sep 28, 2022 | $0.130 | OrdinaryDividend |
Aug 29, 2022 | $0.144 | OrdinaryDividend |
Jul 27, 2022 | $0.138 | OrdinaryDividend |
Jun 28, 2022 | $0.137 | OrdinaryDividend |
May 26, 2022 | $0.141 | OrdinaryDividend |
Apr 27, 2022 | $0.147 | OrdinaryDividend |
Mar 29, 2022 | $0.151 | OrdinaryDividend |
Feb 24, 2022 | $0.145 | OrdinaryDividend |
Jan 27, 2022 | $0.145 | OrdinaryDividend |
Dec 29, 2021 | $0.153 | OrdinaryDividend |
Nov 26, 2021 | $0.150 | OrdinaryDividend |
Oct 27, 2021 | $0.148 | OrdinaryDividend |
Sep 28, 2021 | $0.149 | OrdinaryDividend |
Aug 27, 2021 | $0.153 | OrdinaryDividend |
Jul 28, 2021 | $0.153 | OrdinaryDividend |
Jun 28, 2021 | $0.148 | OrdinaryDividend |
May 26, 2021 | $0.157 | OrdinaryDividend |
Apr 28, 2021 | $0.154 | OrdinaryDividend |
Mar 29, 2021 | $0.157 | OrdinaryDividend |
Feb 24, 2021 | $0.153 | OrdinaryDividend |
Jan 27, 2021 | $0.152 | OrdinaryDividend |
Dec 29, 2020 | $0.149 | OrdinaryDividend |
Nov 25, 2020 | $0.147 | OrdinaryDividend |
Oct 28, 2020 | $0.140 | OrdinaryDividend |
Sep 28, 2020 | $0.132 | OrdinaryDividend |
Aug 27, 2020 | $0.141 | OrdinaryDividend |
Jul 29, 2020 | $0.134 | OrdinaryDividend |
Jun 26, 2020 | $0.129 | OrdinaryDividend |
May 27, 2020 | $0.126 | OrdinaryDividend |
Apr 28, 2020 | $0.125 | OrdinaryDividend |
Mar 27, 2020 | $0.109 | OrdinaryDividend |
Feb 26, 2020 | $0.137 | OrdinaryDividend |
Jan 29, 2020 | $0.139 | OrdinaryDividend |
Dec 30, 2019 | $0.127 | OrdinaryDividend |
Dec 30, 2019 | $0.859 | CapitalGainLongTerm |
Nov 27, 2019 | $0.143 | CapitalGainLongTerm |
Oct 30, 2019 | $0.125 | OrdinaryDividend |
Oct 30, 2019 | $0.015 | CapitalGainLongTerm |
Sep 27, 2019 | $0.140 | OrdinaryDividend |
Aug 29, 2019 | $0.137 | OrdinaryDividend |
Jul 30, 2019 | $0.141 | OrdinaryDividend |
Jun 27, 2019 | $0.139 | OrdinaryDividend |
May 30, 2019 | $0.133 | OrdinaryDividend |
Apr 29, 2019 | $0.136 | OrdinaryDividend |
Mar 28, 2019 | $0.133 | OrdinaryDividend |
Feb 27, 2019 | $0.133 | OrdinaryDividend |
Jan 30, 2019 | $0.127 | OrdinaryDividend |
Dec 28, 2018 | $0.116 | OrdinaryDividend |
Nov 29, 2018 | $0.131 | OrdinaryDividend |
Oct 30, 2018 | $0.129 | OrdinaryDividend |
Sep 27, 2018 | $0.125 | OrdinaryDividend |
Aug 30, 2018 | $0.124 | OrdinaryDividend |
Jul 30, 2018 | $0.115 | OrdinaryDividend |
Jun 28, 2018 | $0.335 | OrdinaryDividend |
Mar 28, 2018 | $0.332 | OrdinaryDividend |
Dec 28, 2017 | $0.344 | OrdinaryDividend |
Sep 28, 2017 | $0.316 | OrdinaryDividend |
Jun 28, 2017 | $0.311 | OrdinaryDividend |
Mar 29, 2017 | $0.139 | OrdinaryDividend |
DIVO - Fund Manager Analysis
Managers
Kevin Simpson
Start Date
Tenure
Tenure Rank
Dec 13, 2016
5.47
5.5%
Kevin Simpson has been the President and Chief Investment Officer of Capital Wealth Planning, LLC since establishing the firm in 2005. Originally from Philadelphia, Pennsylvania, Kevin has been investing in options since he began his career at W.H. Newbold's Son & Co. in 1992. After his time at W.H. Newbold's Son & Co Kevin spent 7 years with Wheat First Butcher Singer (Subsequently Wells Fargo) where he helped institutions and high-net worth individuals plan and achieve their financial goals through option centered strategies. Following his time at Wheat First Butcher Singer Kevin spent several years at Sterling Financial before establishing Capital Wealth Planning. Over the years, Kevin has shifted Capital Wealth Planning away from a financial planning orientation to an established investment management firm, offering separately managed ETF and Equity portfolios that are complemented with a yield enhancing covered call strategy. A graduate ofThe George Washington University majoring in Finance, Kevin applies institutional investment management strategies to diversified equity and option portfolios.
Ernesto Tong
Start Date
Tenure
Tenure Rank
Dec 13, 2016
5.47
5.5%
Mr. Tong has been a managing director with Penserra since 2015. Prior to joining Penserra, Mr. Tong spent seven years as a vice president at Blackrock, where he was a portfolio manager for a number of the iShares ETFs, and prior to that, he spent two years in the firm’s index research group.
Anand Desai
Start Date
Tenure
Tenure Rank
Dec 13, 2016
5.47
5.5%
Anand Desai. Mr. Desai has been an Associate with Penserra since 2015. Prior to joining the Penserra Capital Management, LLC, Mr. Desai was a portfolio fund accountant at State Street for five years.
Dustin Lewellyn
Start Date
Tenure
Tenure Rank
Dec 13, 2016
5.47
5.5%
Dustin Lewellyn, CFA. Mr. Lewellyn has extensive background in institutional investment process with a specific focus on exchange-traded funds (“ETFs”). Mr. Lewellyn was a portfolio manager at BGI (now part of Blackrock), and he managed a number of international equity funds. Dustin also was head of ETF product management and product development at Northern Trust where he oversaw the build out and management of all areas of a new ETF business, including primary responsibility for the portfolio management process surrounding the ETFs. Mr. Lewellyn also built and ran a new ETF business for Charles Schwab, including having primary responsibility for the technology and investment process to support portfolio management for the ETFs. Mr. Lewellyn started a consulting business with a focus on ETFs and helped numerous new ETF sponsors, as well as service providers, understand the resource requirements to participate in the industry utilizing current best practices. Mr. Lewellyn holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds security licenses 7, 63, 66 and 24.
Josh Smith
Start Date
Tenure
Tenure Rank
Dec 13, 2016
5.47
5.5%
Josh is responsible for the oversight and management of the trading of the firm’s investment strategy. Prior to joiningCWP Josh spent 6 years with First Financial Capital Advisors, the internal asset management arm of First Financial Bank. While at First Financial Capital Advisors Josh oversaw roughly $500M in assets as the lead portfolio manager for the International Global Focused SMA and the Pure Equity SMA, both strategies employed covered call programs to enhance yield and cover fees. Josh also served as co-portfolio manager of the Large CapCore Mutual Fund. During a portion of his college experience and career in finance Josh served in the U.S. Army National Guard for 8 years with deployment to the Middle East and received an honorable discharge. Josh received his B.S. in Finance from Miami University of Ohio. He is a CFA charter holder, as well as, a member of the CFA Institute and CFA Society of Cincinnati.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 19.77 | 3.61 | 5.67 |