Amplify ETFs Launches the Amplify International Enhanced Dividend Income ETF (NYSE Arca: IDVO)
September 08 2022 - 5:00AM
Amplify ETFs announces the launch of the actively managed Amplify
International Enhanced Dividend Income ETF (NYSE Arca: IDVO). IDVO
seeks to provide monthly income (approximately 3%-4% from dividend
income and 2%-4% from sold call options) from international
dividend-paying stocks in the form of American depository receipts
(ADRs) and by opportunistically writing covered calls on those
stocks.1
IDVO joins Amplify ETFs’ growing suite of income ETFs, including
its domestic counterpart – Amplify CWP Enhanced Dividend
Income ETF (DIVO) – which also aims to offer high levels of total
return on a risk-adjusted basis and has over $1.7 billion in
assets.
“IDVO will utilize a strategy that seeks to produce investment
income from both dividends and tactical covered calls written
selectively on its portfolio of high-quality international stocks,”
said Christian Magoon, CEO of Amplify ETFs. “We believe this
approach will satisfy international stock investors who are seeking
attractive monthly income but are also focused on higher quality
holdings. IDVO is a compelling geographical extension of our
growing income ETF lineup at Amplify.”
IDVO will invest in 30-50 securities that have been screened
according to attributes such as earnings, cash flow, return on
equity, market capitalization and management track. Furthermore,
the use of tactical covered call writing on individual securities
will lower risk and enhance total return. The fund seeks to provide
gross income of approximately 3%-4% from dividend income and 2%-4%
from sold call options. The fund seeks to provide current income as
its primary investment objective and to provide capital
appreciation as its secondary investment objective. 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.
“We are excited to expand our relationship with Amplify ETFs in
offering IDVO, the international counterpart to DIVO,” said Kevin
Simpson, CIO and founder, Capital Wealth Planning, LLC and Josh
Smith, Lead Portfolio Manager, Capital Wealth Planning, LLC. “We
are seeing additional opportunities abroad that income investors
can now access through IDVO, which focuses on high-quality
international companies that have a history of growing earnings and
dividends combined with our proprietary covered call strategy.”
Investors can learn more about IDVO at AmplifyETFs.com/IDVO.
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $3.5
billion in assets across its suite of ETFs (as of 8/31/2022).
Amplify believes the ETF structure empowers investors through
efficiency, transparency and flexibility. Amplify ETFs deliver
expanded investment opportunities for investors seeking growth,
income, and risk-managed strategies.
About Capital Wealth Planning
Capital Wealth Planning is a fee-only Investment Advisory Firm
based in Naples, Florida. The firm has been building and managing
proprietary income-oriented portfolios since 2005. CWP exists at
the forefront of implementing covered call strategies with their
ETF Income Portfolio, Enhanced Dividend Portfolio and Covered Call
Overlay Service. The methodologies are designed to enhance
risk-adjusted returns and offer portfolio hedging while delivering
monthly cash-flow.
Sales Contact:Amplify
ETFs855-267-3837info@amplifyetfs.comMedia Contact:
Gregory FCA for Amplify ETFsKerry
Davis610-228-2098amplifyetfs@gregoryfca.com
Carefully consider the Fund’s investment objectives,
risk factors, charges and expenses before investing. This and
additional information can be found in the Fund’s statutory and
summary prospectus, which may be obtained by calling 855-267-3837
or by visiting AmplifyETFs.com.
Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of
principal. You could lose money by investing in the Fund. 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. There can be
no assurance that the Fund’s investment objectives will be
achieved.
The Fund is subject to management risk because it is actively
managed. Covered call risk is the risk that 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. Investments in foreign securities involve greater
volatility and political, economic, and currency risks and
differences in accounting methods. Investments in emerging market
issuers are subject to a greater risk of loss than investments in
issuers located or operating in more developed markets. There is no
guarantee that a company will pay or continually increase its
dividends. The Fund intends to estimate annual income and pay in
monthly installments. In doing so, some portion of the distribution
could be considered a return of capital for tax purposes.
Because the Fund is non-diversified and can invest a greater
portion of its assets in securities of individual issuers than a
diversified fund, changes in the market value of a single
investment could cause greater fluctuations in Share price than
would occur in a diversified fund.
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.
1 Writing covered calls may limit the upside potential of the
underlying security and does not protect against loss beyond the
option premium received.
Amplify CWP Internationa... (AMEX:IDVO)
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