YYY / YYY: Risky, Ineffective Strategy, Declining Share Price And Dividends

Amplify High Income ETF is structured as an exchange-traded fund and serves as a "fund of funds" in the closed-end fund space. YYY aims to replicate t more_horizontal

Amplify High Income ETF has underperformed the S&P 500 index, with a -33% price decrease and -11% total return since February 2021. The YYY ETF is a f more_horizontal

Amplify High Income ETF holds a basket of high-income closed-end funds. These include PDI, OXLC, USA, PTY, PAXS, and JPS. This does appear like income more_horizontal

YYY invests in high-yield, highly discounted liquid CEFs but has a history of investing in underperforming CEFs, leading to consistent capital losses more_horizontal

Amplify High Income ETF has a current dividend yield of 12% but has underperformed market indices since its inception, with a share price down -42%. T more_horizontal

VettaFi's Associate Director of Research, Roxanna Islam, joined the Active Investment Company Alliance's The NAVigator podcast and host Chuck Jaffe to more_horizontal

If you're looking for the best closed-end funds (CEFs) to buy, it helps if you understand what they are and aren't. They are similar to initial publi more_horizontal

Closed-end funds are known for their high distribution rate and potential to provide current income. But many investors are unfamiliar with their stru more_horizontal