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Amplify ETF Trust - Amplify Municipal CEF High Income (YYYM) ETF Holdings & Analysis
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What YYYM does
This passively managed exchange-traded fund (ETF) seeks to deliver substantial monthly income by investing in a concentrated portfolio of 30 U.S. municipal bond closed-end funds (CEFs). These underlying investments typically offer the advantage of being exempt from ordinary U.S. federal income taxes. Fund selection follows a systematic, index-based methodology involving a two-stage screening process. Criteria for inclusion assess factors such as a minimum asset base, sufficient trading volume, attractive yield compared to the wider market, their trading price relative to Net Asset Value (NAV) – specifically focusing on discounts – and an upper limit of 6% on the expense ratio. Subsequently, eligible CEFs are ranked according to a composite score, with the highest-scoring 30 selected for inclusion in the index. Each fund's proportional representation within the portfolio is dictated by its relative yield, while also adhering to specific diversification and liquidity safeguards. The investment approach strategically targets high-yielding CEFs trading at a discount to their NAV, prioritizing those with ample liquidity to mitigate transaction expenses across the portfolio. The index undergoes rebalancing and reconstitution on a semi-annual basis, occurring each January and July.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Invesco Value Municipal Income Trust | 3.84% | |
| DWS Municipal Income Trust | 3.84% | |
| Invesco Quality Municipal Income Trust | 3.81% | |
| Invesco California Value Municipal Income Trust | 3.75% | |
| Invesco Trust for Investment Grade Municipals | 3.74% | |
| Invesco Municipal Trust | 3.71% | |
| Invesco Municipal Opportunity Trust | 3.71% | |
| NUVEEN ENHANCED MUNICIPAL CREDIT OPPORTUNITIES FUND | 3.70% | |
| Nuveen Municipal High Income Opportunity Fund | 3.70% | |
| Invesco Advantage Municipal Income Trust II | 3.67% |
Geographic allocation
| United States | 100.02% |
| Other | -0.02% |
PortView Portfolio Insights
PortView analyzes how YYYM fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does YYYM track?
- YYYM is the Amplify ETF Trust - Amplify Municipal CEF High Income ETF, a Other ETF.
- What is the expense ratio of YYYM?
- Expense ratio data for YYYM is shown on the page when available from our data provider.
- What are the largest holdings in YYYM?
- Top holdings include IIM, KTF, IQI, VCV, VGM.
- How can PortView analyze YYYM overlap with other ETFs?
- PortView computes the holdings overlap between YYYM and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.