Amplify YieldShares CWP Dividend & Option Income
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
20.3x P/Sales
ratio
2.1x
P/BV
ratio
3.5x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Amplify YieldShares CWP Dividend & Option Income ETF is an actively-managed ETF that aims to provide income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy.

FUND BASICS
Category US Equities
Fund Sponsor Amplify
Website www.amplifyetfs.com
Inception date Dec 14, 2016
Assets (mns) $28
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $237,458
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VISA INC-CLASS A SHARES 5.7 %
WALT DISNEY CO/THE 5.2 %
HOME DEPOT INC 5.2 %
MERCK & CO. INC. 4.9 %
WAL-MART STORES INC 4.8 %
JPMORGAN CHASE & CO 4.5 %
CHEVRON CORP 4.5 %
BOEING CO 4.4 %
UNITEDHEALTH GROUP INC 3.8 %
GOLDMAN SACHS GROUP INC 3.4 %
Total 46.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.9% 24.9% -- -- 13.6%

Market Correlations
versus... Beta R-squared
S&P500 0.73 86%
MSCI EAFE 0.66 58%
MSCI Emg. Mkts. 0.44 44%

Technical Indicators
Recent close $30.59
30d moving avg. $31.12
Annualized volatility 9.6%
Short interest (ETF) 0.4%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.7%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $19,227

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Amplify YieldShares CWP Dividend & Option Income ETF based on the alternatives' overlap in portfolio holdings with DIVO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DIVO Expense: 49 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DIVO
Ticker Fund
Name
Overlap1
vs DIVO
(%)
Expense
ratio
(bp)
Savings
vs DIVO
(bp)
ALTAR
Score™
(%)
ALTAR
vs DIVO
(%)
EDOW First Trust Dow 30 Equal Weight 60.4 50 -1 6.0 +1.1
DIA SPDR Dow Jones Industrial Average 59.2 17 32 5.8 +1.0
DJD Invesco Dow Jones Industrial Average Dividend 48.4 7 42 7.2 +2.3
USMC Principal U.S. Mega-Cap Multi-Factor Index 40.9 12 37 5.1 +0.3
PFM Invesco Dividend Achievers 31.2 54 -5 5.2 +0.4
XLG Invesco S&P Top 50 30.9 20 29 4.8 0.0
DGRO iShares Core Dividend Growth 30.7 8 41 6.2 +1.3
MGV Vanguard Mega Cap 300 Value 28.9 7 42 6.9 +2.0
VIG Vanguard Dividend Appreciation 28.8 6 43 5.2 +0.4
IWX iShares Russell Top 200 Value 28.7 20 29 6.7 +1.9
OEF iShares S&P 100 28.5 20 29 5.2 +0.3
SPMO Invesco S&P 500 Momentum Portfolio 28.0 13 36 4.0 -0.9
DURA VanEck Vectors Morningstar Durable Dividend 27.4 29 20 6.5 +1.7
YLDE ClearBridge Dividend Strategy ESG 26.1 60 -11 4.4 -0.4
OUSA O'Shares FTSE U.S. Quality Dividend 25.9 48 1 5.7 +0.8
OVOL Invesco Russell 1000 Low Volatility Factor ETF 25.9 19 30 5.4 +0.5
RAFE PIMCO RAFI ESG U.S. ETF 25.7 29 20 7.6 +2.8
CCOR Core Alternative ETF 25.2 123 -74 4.4 -0.5
DLN WisdomTree Large Cap Dividend 25.0 28 21 6.4 +1.5
WOMN Impact Shares YWCA Women's Empowerment 24.5 75 -26 5.1 +0.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Amplify YieldShares CWP Dividend & Option Income
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.9 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.