| Investment Objective: |
The Amplify Bitcoin 24% Premium Income ETF seeks to balance high income and capital appreciation through investment exposure to the price return of bitcoin and a covered call strategy. The Fund seeks to participate in the price return of bitcoin (i.e. "spot" bitcoin prices") ("Bitcoin Price") and to generate a high level of annualized option premium by selling options on exchange-traded products ("Bitcoin ETPs") that reference the Bitcoin Price. As further described below, the Fund expects to sell call options that are approximately 5-10% "out of the money" with targeted maturities of one week or less. The Fund will seek to vary its option selling each week to a level sufficient to generate 24% annualized option premium (the "Target Option Premium"), based upon the NAV of the Fund each time the Fund sells the weekly options contracts. |
