Core Insights - The Amplify High Income ETF (YYY) utilizes the ISE High Income Index, which targets up to 60 US-listed closed-end funds (CEFs) to emphasize portfolio yield while managing liquidity and capacity [1] Group 1: Portfolio Construction Methodology - Eligible CEFs must trade on major exchanges and meet specific criteria, including a minimum of USD 500 million in net assets and a yield at least 1.2 times the CEF-universe median [1] - The selection process ranks funds based on yield (double weight), discount/premium, and average daily trading volume (ADTV), with the top 45 selected first, and Tier 2 funds filling to a total of 60 if necessary [1] - Initial weights assign 3% to the top 30 funds by yield, with the remaining funds equally weighted, and constraints are applied to limit exposure and turnover based on ADTV and net assets [1] - Reconstitution and rebalancing of the portfolio occur semi-annually after the third Friday of January and July [1]
Amplify High Income ETF (YYY US) - Portfolio Construction Methodology
ETF Strategy·2026-01-18 08:40