ETF Evaluator:
Amplify CEF High Income ETF ()
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(as of Aug 26)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
Risk
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Risk
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ETF Details
Amplify CEF High Income ETF Overview
Amplify CEF High Income ETF (YYY) is a passively managed Allocation Tactical Allocation exchange-traded fund (ETF). Amplify ETFs launched the ETF in 2012.
The investment seeks investment results that generally correspond to the price and yield of the Nasdaq CEF High Income™ Index (the “index”).
The fund will normally invest at least 80% of its net assets in securities of the index. Because the index is comprised of securities issued by other investment companies, the fund operates in a manner that is commonly referred to as a "fund of funds," meaning that it invests its assets in shares of funds that are included in the index. The index seeks to measure the performance of the common stock of the top 60 U.S. exchange-listed closed-end funds.
About Amplify CEF High Income ETF (YYY)
There are 3 members of the management team with an average tenure of 5.22 years: Dustin Lewellyn (2019), Ernesto Tong (2019) and Christine Johanson (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Nasdaq CEF High Income TR USD index with a weighting of 100%. Amplify CEF High Income ETF has 63 securities in its portfolio. The top 10 holdings constitute 30.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Amplify CEF High Income ETF is part of the Allocation global asset class and is within the Allocation ETF group. Amplify CEF High Income ETF has 29.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 34.3% There is 9.8% allocated to foreign stock, and 1.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 59.9% (40.1% domestic bond, 19.8% foreign bond and 0.4% convertible bond). Amplify CEF High Income ETF has -14.4% of the portfolio in cash.
Assets Under Management
The fund has $727 million in total assets, which is above the $144 million average for the Tactical Allocation 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.
YYY 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 CEF High Income ETF expense ratio is high compared to funds in the Tactical Allocation category. Amplify CEF High Income ETF has an expense ratio of 3.23%, which is 231% 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 CEF High Income ETF has a portfolio turnover rate of 48%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, Amplify CEF High Income ETF returned -1.4%, which earned it a grade of C, as the Tactical Allocation category had an average return of -1.4%. 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 CEF High Income ETF has a trailing yield of 12.81%, which is above the 2.15% 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 CEF High Income ETF Grades
Year to date, the ETF has returned 5.0%, 2.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 9.4% over the past year (grade of F), 11.5% over the past three years (grade of B) and 4.9% per year over the past five years (grade of D) and 7.7% per year over the past 10 years (grade of B).
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YYY 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 |
|
| YYY Return (NAV) | -1.4% | 0.5% | 9.4% | 11.5% | 4.9% | 7.7% |
| YYY Return (Price) | -1.3% | 0.3% | 9.6% | 11.5% | 4.9% | 7.7% |
| NAV +/- Price Return | -0.112% | 0.147% | -0.255% | 0.041% | 0.031% | -0.029% |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| YYY Grade (NAV) | C | D | F | B | D | B |
| +/- Category (NAV) | -0.0% | -1.1% | -6.5% | 0.9% | -0.5% | 0.2% |
| YYY Tax-Cost Ratio | na | na | 4.9% | 4.9% | 4.7% | 4.2% |
YYY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| YYY Return (NAV) | 5.0% | 13.2% | 11.9% | 16.1% | -18.8% | 18.8% | 3.5% | 25.4% | -7.8% | 16.3% | 19.9% |
| YYY Return (Price) | 5.3% | 13.0% | 11.8% | 16.3% | -18.9% | 18.7% | 3.9% | 25.5% | -8.0% | 16.1% | 20.2% |
| NAV +/- Price Ret | 0.045% | -0.015% | -0.004% | 0.013% | 0.007% | -0.006% | 0.102% | 0.5% | 3.1% | -1.1% | 1.2% |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| YYY Grade (NAV) | D | C | C | B | D | B | C | A | C | F | A |
| +/- Category | -2.4% | 0.5% | 0.2% | 5.4% | -5.5% | 1.9% | -4.0% | 11.3% | -1.5% | -2.9% | 12.8% |
| Risk Measures | |
| Beta: | 0.95 |
| R-Squared: | 87% |
| Standard Deviation: | 9.6% |
| Category Risk Index: | 0.82 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.78 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 12.8% |
| Total Assets: | $ 728 Mil |
| Share Class Assets: | $ 728 Mil |
| Turnover: | 48.0% |
| Expense Ratio: | 3.23% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| 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: 6.8 years | |||
| Average Tenure: 5.2 years | |||
| Managers (Year): Lewellyn Dustin (2019), Tong Ernesto (2019), Johanson Christine (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 63 |
| % in Top 10 Holdings: | 30.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.6% |
Portfolio Allocation |
|
| Domestic Stock: | 34.3% |
| Foreign Stock: | 9.8% |
| Preferred Stock: | 1.8% |
| Domestic Bond: | 40.1% |
| Foreign Bond: | 19.8% |
| Convertible Bond: | 0.4% |
| Other: | 8.2% |
| Cash: | -14.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Amplify ETFs |
| Phone Number: | 855-267-3837 |
| Website: | |
| Inception Date: | June 12, 2012 |
Expenses and Fees
| Expense Ratio (%): | 3.23% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
