Amplify HYG High Yield

Amplify HYG High Yield 10% Target Income ETF is a fixed income exchange-traded fund that seeks to deliver exposure to U.S. high yield corporate bonds while pursuing a targeted income stream through an options-based covered call strategy. The fund primarily uses the iShares iBoxx High Yield Corporate Bond ETF as its underlying exposure and writes short-dated, at-the-money call options to generate additional premium income. Its portfolio is designed to track the Bloomberg U.S. High Yield Corporate Bond 10% Income Covered Call Index, combining bond interest with option income in a single package. HYGM is aimed at investors looking for diversified access to the high yield credit market with a rules-based income approach, and it plays a specialized role in the market as an income-oriented ETF within the fixed income and options strategies segment.