ETF Evaluator:
Amplify Hyg High Yield 10% Trgt Inc ETF ()
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(as of Aug 20)
Best Performing in High Yield Bond Over the Last Year
| 7.6% | Fidelity Sustainable High Yield ETF (FSYD) |
| 7.4% | Horizon Flexible Income ETF (FLXN) |
| 6.7% | iShares Interest Rate Hdg Hi Yld Bd ETF (HYGH) |
| 6.6% | Fidelity Enhanced High Yield ETF (FDHY) |
| 6.3% | Harbor Ares Systematic High-Yield ETF (SIHY) |
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ETF Details
Amplify Hyg High Yield 10% Trgt Inc ETF Overview
Amplify Hyg High Yield 10% Trgt Inc ETF (HYGM) is a passively managed Taxable Bond High Yield Bond exchange-traded fund (ETF). Amplify ETFs launched the ETF in 2026.
The investment seeks investment results that generally correlate to the performance (before fees and expenses) of the Bloomberg U.S. High Yield Corporate Bond 10% Income Covered Call Index (the “Index”).
The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities that are representative of the index. The index is designed to provide the Target Income through the implementation of written call option contracts on the Underlying ETF with weekly expirations. It is non-diversified.
About Amplify Hyg High Yield 10% Trgt Inc ETF (HYGM)
There are 3 members of the management team with an average tenure of 0.28 years: Yunjae Hwang (2026), Woongmin Chun (2026) and Evan Richert (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US HY Corp bd 10% In CC USD index with a weighting of 100%. Amplify Hyg High Yield 10% Trgt Inc ETF has 5 securities in its portfolio. The top 10 holdings constitute 100.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Amplify Hyg High Yield 10% Trgt Inc ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Amplify Hyg High Yield 10% Trgt Inc ETF has 12.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.9% (86.5% domestic bond, 12.4% foreign bond and 0.0% convertible bond). Amplify Hyg High Yield 10% Trgt Inc ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $733 million in total assets, which is below the $1 billion average for the High Yield Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HYGM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Amplify Hyg High Yield 10% Trgt Inc ETF expense ratio is above average compared to funds in the High Yield Bond category. Amplify Hyg High Yield 10% Trgt Inc ETF has an expense ratio of 0.79%, which is 98% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Amplify Hyg High Yield 10% Trgt Inc ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the High Yield Bond category.
Recently, in the month of July 2026, Amplify Hyg High Yield 10% Trgt Inc ETF returned 0.1%, which earned it a grade of A, as the High Yield Bond category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Amplify Hyg High Yield 10% Trgt Inc ETF has a trailing yield of 0.00%, which is below the 6.77% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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HYGM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HYGM Return (NAV) | 0.1% | 0.5% | na | na | na | na |
| HYGM Return (Price) | -0.1% | 0.5% | na | na | na | na |
| NAV +/- Price Return | 0.171% | -0.000% | na | na | na | na |
| High Yield Bond Avg | -0.2% | 0.5% | 5.0% | 7.8% | 3.8% | 5.0% |
| HYGM Grade (NAV) | A | D | na | na | na | na |
| +/- Category (NAV) | 0.3% | -0.0% | na | na | na | na |
| HYGM Tax-Cost Ratio | na | na | na | na | na | na |
HYGM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HYGM Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| HYGM Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| High Yield Bond Avg | 1.7% | 8.4% | 7.5% | 12.4% | -10.1% | 4.2% | 6.1% | 13.4% | -2.3% | 7.1% | 13.0% |
| HYGM Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.79% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US HY Corp bd 10% In CC USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Hwang Yunjae (2026), Chun Woongmin (2026), Richert Evan (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 5 |
| % in Top 10 Holdings: | 100.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 12.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 86.5% |
| Foreign Bond: | 12.4% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Amplify ETFs |
| Phone Number: | 855-267-3837 |
| Website: | |
| Inception Date: | April 20, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.79% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.40% |
