ETF Evaluator: Amplify Alternative Harvest ETF (MJ) Follow This ETF

Amplify Alternative Harvest ETF Overview

Amplify Alternative Harvest ETF (MJ) is a passively managed Sector Equity Miscellaneous Sector exchange-traded fund (ETF). Amplify ETFs launched the ETF in 2015.

The investment seeks investment results that generally correlate to the total return performance of the Prime Alternative Harvest Index. The fund will normally invest at least 80% of its net assets in the securities that comprise the index. The index seeks to provide exposure to global and U.S. companies that (i) engage in the cultivation, production, marketing or distribution of cannabis, including industrial hemp; and/or (ii) engage in the production, marketing, transportation or distribution of products containing cannabis, including industrial hemp, for medical or non-medical purposes. The fund is non-diversified.

About Amplify Alternative Harvest ETF (MJ)

There are 3 members of the management team with an average tenure of 2.09 years: Charles Ragauss (2024), Qiao Duan (2024) and Timothy Seymour (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Prime Alternative Harvest TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. Amplify Alternative Harvest ETF has 12 securities in its portfolio. The top 10 holdings constitute 99.9% 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 Alternative Harvest ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Amplify Alternative Harvest ETF has 52.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 41.9% There is 52.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Amplify Alternative Harvest ETF has 6.1% of the portfolio in cash.

Assets Under Management

The fund has $110 million in total assets, which is below the $351 million average for the Miscellaneous Sector 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.

MJ 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 Alternative Harvest ETF expense ratio is above average compared to funds in the Miscellaneous Sector category. Amplify Alternative Harvest ETF has an expense ratio of 0.75%, which is 3% higher than its category average, making the fund expense ratio grade a D. 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 Alternative Harvest ETF has a portfolio turnover rate of 75%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Miscellaneous Sector category.

Recently, in the month of June 2026, Amplify Alternative Harvest ETF returned -5.7%, which earned it a grade of C, as the Miscellaneous Sector category had an average return of -6.8%. 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 Alternative Harvest ETF has a trailing yield of 2.33%, which is above the 1.02% category average. The fund normally distributes its income quarterly 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 Alternative Harvest ETF Grades

Year to date, the ETF has returned -14.7%, 28.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 43.9% over the past year (grade of C), -6.6% over the past three years (grade of F) and -34.1% per year over the past five years (grade of F) and -19.3% per year over the past 10 years (grade of F).

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