ETF Evaluator: Amplify TLT U.S. Trs 12% Opt Inc ETF () Follow This ETF

Amplify TLT U.S. Trs 12% Opt Inc ETF Overview

Amplify TLT U.S. Trs 12% Opt Inc ETF (TLTP) is a passively managed Taxable Bond Long Government exchange-traded fund (ETF). Amplify ETFs launched the ETF in 2024.

The investment seeks investment results that generally correspond to the performance (before fees and expenses) of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 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 measures the performance of holding the underlying ETF and a written (sold) one-week expiration, at-the-money call option contract that references the underlying ETF and generates the Target Option Premium. The fund is non-diversified.

About Amplify TLT U.S. Trs 12% Opt Inc ETF (TLTP)

There are 3 members of the management team with an average tenure of 1.76 years: Yunjae Hwang (2024), Woongmin Chun (2024) and Evan Richert (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg US Long Treasury TR USD index with a weighting of 100% and Bloomberg US Trsry 20Y 12% Prm CC TR USD index with a weighting of 100%. Amplify TLT U.S. Trs 12% Opt Inc ETF has 6 securities in its portfolio. The top 10 holdings constitute 99.8% 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 TLT U.S. Trs 12% Opt Inc ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Amplify TLT U.S. Trs 12% Opt Inc ETF has 0.0% 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 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.3% (99.3% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Amplify TLT U.S. Trs 12% Opt Inc ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $23 million in total assets, which is below the $4 billion average for the Long Government 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.

TLTP 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 TLT U.S. Trs 12% Opt Inc ETF expense ratio is below average compared to funds in the Long Government category. Amplify TLT U.S. Trs 12% Opt Inc ETF has an expense ratio of 0.39%, which is 69% 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 TLT U.S. Trs 12% Opt Inc ETF has a portfolio turnover rate of 92%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 60% for the Long Government category.

Recently, in the month of July 2026, Amplify TLT U.S. Trs 12% Opt Inc ETF returned -3.8%, which earned it a grade of C, as the Long Government category had an average return of -4.1%. 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 TLT U.S. Trs 12% Opt Inc ETF has a trailing yield of 13.84%, which is above the 5.37% 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.

Amplify TLT U.S. Trs 12% Opt Inc ETF Grades

Year to date, the ETF has returned -2.4%, 0.8 percentage points better than the category, which translates into a grade of B. The fund has returned 0.8% over the past year (grade of B).

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