Amplify Online Retail ETF (IBUY) Receives 5-Star Overall Morningstar Rating™
June 13 2019 - 8:12AM
Business Wire
Firm’s flagship fund capitalizes on the growth
of e-commerce
Amplify ETFs announced today that its flagship product, the
Amplify Online Retail ETF (NASDAQ: IBUY), has received a 5-Star
Overall Morningstar Rating™, based on risk-adjusted returns among
49 Consumer Cyclical Funds (as of 5/31/19).
IBUY provides exposure to a globally diverse basket of companies
that fall into three online retail categories -- marketplace,
travel and merchants -- all of which must generate 70% of revenue
from online or virtual sales.
“IBUY’s 5-Star Overall Morningstar Rating™ provides great
validation of the fund’s performance and position in investor
portfolios,” said Christian Magoon, founder and CEO of Amplify
ETFs. “We’re pleased to see online retail businesses growing their
market share, even as volatility and store closures continue to
disrupt the sector.”
IBUY began trading on April 20, 2016 and seeks to replicate the
price performance of the EQM Online Retail Index (IBUYXT).
Investors can learn more about IBUY at AmplifyETFs.com/IBUY.
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $700
million in assets across ETFs for which it is Adviser or
Sub-Adviser (as of 5/31/2019). Amplify believes the ETF structure
empowers investors through efficiency, transparency and
flexibility. Since its first ETF launch in 2016, Amplify seeks to
build ETFs powered by investment strategies from leading index
providers and asset managers within unique market segments.
Carefully consider the Fund’s investment objectives, risk
factors, charges, and expenses before investing. This and
additional information can be found in Amplify Funds 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. 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. A portfolio concentrated in a single industry, such
as the online retail industry, makes it vulnerable to factors
affecting the industry. The Fund may face more risks than if it
were diversified broadly over numerous industries or sectors.
For the complete list of Fund risks and considerations, please
visit AmplifyETFs.com/IBUY.
The EQM Online Retail Index seeks to measure the performance of
global equity securities of publicly traded companies with
significant revenue from the online retail business. The Index
methodology is designed to result in a portfolio that has the
potential for capital appreciation. Eligible constituents derive at
least 70% of revenues or a minimum of $100 billion in annual retail
sales from online and/or virtual business transactions. An
investment cannot be made directly in an index.
Amplify Investments LLC serves as the investment advisor and
Penserra Capital Management LLC serves as sub advisor to the fund.
Amplify ETFs are distributed by Quasar Distributors LLC.
© 2019 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.
The Amplify Online Retail ETF (IBUY) Fund received 5 stars among 49
Consumer Cyclical funds for the three-year period ending
5/31/19.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190613005396/en/
Sales Contact:Amplify
ETFs855-267-3837info@amplifyetfs.comOrMedia Contact:Gregory FCA for
Amplify ETFsAmy Lash, 610-228-2806amyl@gregoryfca.com
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