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The investment seeks investment results that generally correspond to the price and yield of the ISE High IncomeTM 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.

The average weekly volume growth across all stocks in the Amplify High Income ETF ETF was -31%. For the same stocks of the ETF, the average monthly volume growth was -19% and the average quarterly volume growth was -41%