| Investment Objective: |
The Amplify XRP 3% Monthly Premium Income ETF seeks to balance high income and capital appreciation through investment exposure to the price return of XRP and a covered call strategy. The Fund seeks to participate in the price return of XRP and to generate a high level of annualized option premium by selling options on U.S.-regulated ETFs that provide exposure to XRP. The Fund expects to sell call options that are approximately 5-10% "out of the money" with targeted maturities of one week or less, on XRP ETPs that derive exposure to XRP through investments in exchange-traded futures contracts that utilize XRP as a reference asset ("XRP Futures ETFs") and XRP ETPs that hold XRP directly ("XRP Spot ETFs") (such XRP Spot ETFs are currently unavailable for investment, though are expected to become available in the future). The Fund will seek to vary its option selling each week to a level sufficient to generate 36% annualized option premium (the "Target Option Premium"), based upon the NAV of the Fund each time the Fund sells the weekly options contracts. |
