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]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Group 1 - The Amplify High Income ETF (NYSEARCA: YYY) is designed to provide investors with exposure to discount/premium dispersions across a portfolio of closed-end funds (CEFs) [1] - The strategy focuses on strategically investing in CEFs that are trading at a discount [1] - Michael Del Monte, a buy-side equity analyst, has over 5 years of experience in the investment management industry and has worked across various sectors including Oil & Gas, Midstream, and Information Technology [1]

Group 1 - Many high-yield ETFs and closed-end funds experience capital and distribution decay, which can be mitigated through rotational strategies rather than long-term investments [1] - A 5-factor ranking system was designed in 2016 to monitor the performance of closed-end funds, leading to the identification of the eight best-ranked CEFs for investment [1] - The Amplify High Income ETF (NYSEARCA: YYY) has seen a total return of 17% since February 2021, but its share price has decreased by 29%, contrasting with a 64% increase in the S&P 500 Index [2] Group 2 - The annual income stream from the Amplify High Income ETF has declined by 5%, while inflation, as measured by CPI, has increased [2] - The investing group Quantitative Risk & Value focuses on quality dividend stocks and companies leading in tech innovation, providing various market risk indicators and strategies [2]