Amplify ETFs Launches the Amplify CWP Growth & Income ETF (NYSE Arca: QDVO)
August 22 2024 - 7:02AM
Amplify ETFs announces the launch of the Amplify CWP Growth &
Income ETF (NYSE Arca: QDVO). QDVO seeks to deliver a high total
return through the capital appreciation of growth-oriented equities
and a high monthly income by opportunistically writing covered
calls1 on individual stocks.
QDVO joins the Amplify CWP Enhanced Dividend Income ETF (NYSE
Arca: DIVO), which is 5-star Morningstar rated*, and the Amplify
CWP International Enhanced Dividend Income ETF (NYSE Arca: IDVO),
in Amplify’s growing income suite that aims to generate enhanced
income through the use of tactical covered call writing and
dividends.
"QDVO is an exciting addition to the Amplify lineup and
partnership with Capital Wealth Planning (CWP). QDVO is designed to
capture investors' enduring appetite for growth while providing
high monthly income potential, empowering them to optimize their
portfolios in various market environments. We’ve been very pleased
with the engagement in DIVO and IDVO and expect QDVO to complement
those strategies. QDVO represents a timely strategy for those
looking to balance their growth with income generation,” said
Christian Magoon, CEO of Amplify ETFs.
QDVO strategically invests at least 80% of its assets in
growth-oriented U.S. equities, complemented by a tactical covered
call writing strategy to generate additional income. As an actively
managed fund QDVO focuses on large-cap stocks with growth
potential, aiming for high total returns through capital
appreciation and current income from option premiums and dividends.
QDVO seeks to generate approximately 4-6% of the income from option
premiums and up to 2% from dividends. The portfolio is constructed
to capitalize on growth opportunities within the Russell 1000
Growth Index, with a diversified approach to sector and stock
weightings to optimize risk-adjusted returns.
"We are excited to expand our relationship with Amplify ETFs in
offering QDVO, allowing investors access to a growth-oriented and
high-income risk-adjusted strategy," said Kevin Simpson, CEO of
Capital Wealth Planning.
Investors can learn more about QDVO
at AmplifyETFs.com/QDVO.
About Amplify ETFsAmplify ETFs, sponsored by
Amplify Investments, has over $9 billion in assets across its suite
of ETFs (as of 6/30/2024). Amplify ETFs deliver expanded investment
opportunities for investors seeking growth, income, and
risk-managed strategies across a range of actively managed and
index-based ETFs. To learn more visit AmplifyETFs.com.
Sales Contact:Amplify ETFs855-267-3837info@amplifyetfs.com |
Media Contacts:Gregory FCA for Amplify ETFsKerry
Davis610-228-2098amplifyetfs@gregoryfca.com |
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1 A covered call refers to a financial transaction in which the
investor selling call options owns an equivalent amount of the
underlying security.* Based on risk adjusted returns among 71 funds
in the Derivative Income category (as of 6/30/24)
Carefully consider the Fund’s investment objectives,
risks, charges, and expenses before investing. This and other
information can be found in the Fund’s statutory and summary
prospectuses, which may be obtained at AmplifyETFs.com. Read the
prospectus carefully before investing.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the Fund. Brokerage commissions will
reduce returns.
You could lose money by investing in the Fund. There can be no
assurance that the Fund’s investment objectives will be achieved.
The fund is new with limited operating history. The Fund will
forgo, during the option’s life, the opportunity to profit from
increases in the market value of the security covering the call
option above the sum of the premium and the strike price of the
call, but has retained the risk of loss should the price of the
underlying security decline. Growth stocks tend to be more volatile
than certain other types of stocks and their prices usually
fluctuate more dramatically than the overall stock market.
Large-capitalization companies may be less able than
smaller-capitalization companies to adapt to changing market
conditions. The Fund is non-diversified and can invest a greater
portion of its assets in securities of individual issuers than a
diversified fund.
© 2024 Morningstar, Inc. All rights reserved. The information
contained herein: (1) is proprietary to Morningstar and/or its
content providers; (2) may not be copied or distributed; and (3) is
not warranted to be accurate, complete, or timely. Neither
Morningstar nor its content providers are responsible for any
damages or losses arising from any use of this information. Past
performance is no guarantee of future results.
The Morningstar Rating™ for funds, or “star rating”, is
calculated for managed products (including mutual funds, variable
annuity and variable life subaccounts, exchange-traded funds,
closed-end funds, and separate accounts) with at least a three-year
history. Exchange-traded funds and open-ended mutual funds are
considered a single population for comparative purposes. It is
calculated based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a managed product’s monthly excess
performance, placing more emphasis on downward variations and
rewarding consistent performance. The Morningstar Rating does not
include any adjustment for sales loads. The top 10% of products in
each product category receive 5 stars, the next 22.5% receive 4
stars, the next 35% receive 3 stars, the next 22.5% receive 2
stars, and the bottom 10% receive 1 star. The Overall Morningstar
Rating for a managed product is derived from a weighted average of
the performance figures associated with its three-, five-, and
10-year (if applicable) Morningstar Rating metrics. The weights
are: 100% three-year rating for 36-59 months of total returns, 60%
five-year rating/40% three-year rating for 60-119 months of total
returns, and 50% 10-year rating/30% five-year rating/20% three-year
rating for 120 or more months of total returns. While the 10-year
overall star rating formula seems to give the most weight to the
10-year period, the most recent three-year period actually has the
greatest impact because it is included in all three rating periods.
DIVO received 5 stars among 71 funds in the Derivative Income
category for the overall, 4 stars among 71 funds for the 3-year,
and 5 stars among 65 funds for the 5-year periods ending
6/30/24.
Amplify Investments LLC serves as the investment adviser to the
Fund. Capital Wealth Planning, LLC and Penserra Capital Management
LLC each serve as investment sub-advisers to the Fund.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
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