| Investment Objective: |
Amplify LQD Investment Grade 12% Target Income ETF seeks investment results that generally correlate to the performance of the Bloomberg U.S. Investment Grade Corporate Bond 12% Income Covered Call Index. The Fund invests at least 80% of its net assets in securities that are representative of the Index. The Fund seeks to receive a targeted annualized income of 12% through the implementation of the Index investments in the iShares iBoxx $ Investment Grade Corporate Bond ETF and selling one-week expiration, at-the-money call option contracts that reference the Underlying ETF. The Fund will seek to achieve the Target Income from its investment in the Underlying ETF, which provides for interest payments from the underlying investment grade corporate bonds held by the Underlying ETF, together with the receipt of Option Premiums. The Index is comprised of two components: (i) the Underlying ETF and (ii) a written one-week expiration, at-the-money call option contract referencing the Underlying ETF that, together, seeks to provide the Target Income. The Underlying ETF tracks the investment results of the Markit iBoxx USD Liquid Investment Grade Index, which is designed to provide a broad representation of the U.S. dollar-denominated liquid investment-grade corporate bond market. |
