Key stats
About Amplify Bloomberg U.S. Treasury 12% Premium Income ETF
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Inception date
Oct 29, 2024
Structure
Open-Ended Fund
Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index - Benchmark TR Gross
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Amplify Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US0321085161
TLTP combines long positions in the iShares 20+ Year Treasury Bond ETF (TLT) and sells weekly, at-the-money FLEX call options on the underlying ETF. Holdings may include either the ETF or direct US treasuries, depending on favorable pricing. The strategy aims to generate option premiums targeted at 1% per month through covered calls. In exchange for these premiums, the fund forfeits any gains above the options strike price when the ETF appreciates. Additionally, it gives up market gains on ETF holdings if call options are exercised. Up to 50% of the call options may be uncovered, with US Treasuries used to meet obligations as needed. TLTP performs best in relatively stable markets, where premium income is consistent, and bond prices dont decline sharply. However, the use of FLEX options opens investors to counterparty risk. Prior to February 19, 2025, the fund name was Amplify Bloomberg U.S. Treasury Target High Income ETF.
Related funds
Classification
What's in the fund
Exposure type
ETF
Government
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TLTP assets under management is 12.72 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TLTP invests in funds. See more details in our Analysis section.
TLTP expense ratio is 0.38%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TLTP isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, TLTP pays dividends to its holders with the dividend yield of 12.34%.
TLTP shares are issued by Amplify Holding Co. LLC
TLTP follows the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 29, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.