| Investment Objective: |
The Amplify Energy & Natural Resources Covered Call ETF seeks investment results that generally correspond to the price and yield of the VettaFi Energy and Natural Resources Covered Call Index (the "Index"). The Index is designed to measure the performance of a covered call strategy applied to the constituents of the VettaFi Energy and Natural Resources Dividend Income Index (the "Parent Index"). The Index seeks to generate high income through investment exposure to the underlying equity securities that comprise the Parent Index ("Equity Securities") and by employing a "covered call" option strategy that references the Equity Securities. The initial universe of eligible securities is comprised of dividend-paying common stocks or American depositary receipts ("ADRs"). In accordance with the Index, which employs a covered call option strategy, the Fund will seek to generate consistent income by replicating the Index's methodology of writing (selling) U.S. exchange-traded covered call options on the Equity securities. The Fund will utilize traditional exchange-traded options contracts and/or FLexible EXchange Options ("FLEX Options"), as permitted by the Index methodology. |
