YYYAmplify High Income ETF
YYY Fund Description
YYY tracks an index of US-listed closed-end funds, weighted by yield, discount to NAV, and trading volume. There are no restrictions on the assets or strategies of the underlying funds.
YYY Factset Analytics Insight
YYY seeks yield using a basket of closed-end-funds. The index-based fund typically holds about 30 closed-end funds, selected and weighted based on three criteria: yield, discount to NAV, and trading volume. The concept hinges on the success of buying discounted closed end funds with big yields and enough liquidity to minimize trading costs within the basket. YYY can hold closed-end funds focused on any of the major asset classes, resetting the weight to a maximum of 4.25% each at rebalance. YYY’s fee includes the expense of its constituent funds. Two footnotes follow: 1) on Oct 7 2019 , YYY changed its name, primary advisor, issuer and trust to reflect complete integration with Amplify ETFs. The fund did not make any changes to index or investment objectives. The previous issuer was white-label firm Exchange Traded Concepts. 2) YYY launched in June 2013 by grafting itself onto a moribund ETF—SNDS—that had a completely different strategy, so any performance history prior to that date is unrelated.
YYY Charts And Performance
YYY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of YYY. YYY is rated a N/A out of 5.