ETF Research Center

IDVO is an actively managed ETF that provides current income and capital appreciation by selecting dividend-paying ADRs of stocks from the MSCI ACWI ex USA Index, overlaid with a tactical call writing strategy.

FUND BASICS
Category	International Equities
Fund Sponsor	Amplify Investments
Website	amplifyetfs.com/idvo/
Inception date	Sep 08, 2022
Assets (mns)	$788
Currency	USD
Expense ratio	65 bp
Distributions	Monthly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Proprietary
Index replication
Uses derivatives	Yes
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	48
Wgt avg mkt cap (mns)	$180,865
Large cap (>$10bn)	90.2%
Mid cap ($2-10bn)	6.3%
Small cap (<$2bn)	0.5%
Developed mkts	67.3%
Emerging mkts	32.7%

TOP TEN HOLDINGS
Total	33.6 %
ALIBABA GROUP HOLDING LTD. SPONSOR	4.2 %
TAIWAN SEMICONDUCTOR-SP ADR	4.2 %
NOVARTIS AG-ADR	3.5 %
SUMITOMO MITSUI-SPONS ADR	3.3 %
BANCOLOMBIA S.A.-SPONS ADR	3.3 %
ASML HOLDING NV-NY REG SHS	3.1 %
SOUTHERN COPPER CORP	3.0 %
BARCLAYS PLC-SPONS ADR	3.0 %
EMBRAER SA-ADR	3.0 %
ASTRAZENECA PLC-SPONS ADR	3.0 %

TOP COUNTRY EXPOSURE
	CANADA	13.2 %
	BRITAIN	11.5 %
	CHINA	10.6 %
	JAPAN	7.9 %
	TAIWAN	5.9 %
	NETHERLANDS	4.9 %
	UNITED STATES	4.4 %
	BRAZIL	4.2 %
	SPAIN	4.1 %
	SWITZERLAND	3.5 %

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.
36.5%	36.5%	--	--	20.7%

Market Correlations
versus...	Beta	R-squared
S&P500	0.74	68%
MSCI EAFE	0.96	83%
MSCI Emg. Mkts.	0.86	77%

Technical Indicators
Recent close	$41.87
30d moving avg.	$39.50
Annualized volatility	10.9%
Short interest (ETF)	0.3%
Relative strength (RSI)	73

Liquidity measures
Avg. volume (thou.)	443
Turnover	2.4%
Bid/Ask (% of price)	0.20%
ADV underlying (mns)	$6,122

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Amplify International Enhanced Dividend Income ETF ETF based on the alternatives' overlap in portfolio holdings with IDVO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

IDVO

Expense:

65 bp

ALTAR Score™:

5.3%

ALTERNATIVE ETFs BASED ON OVERLAP WITH IDVO
Ticker	Fund Name	Overlap¹ vs IDVO (%)	Expense ratio (bp)	Savings vs IDVO (bp)	ALTAR Score™ (%)	ALTAR vs IDVO (%)
FTHI	First Trust BuyWrite Income ETF	4.5	75	-10	4.1	-1.3
THNQ	ROBO Global Artificial Intelligence ETF	4.4	68	-3	2.0	-3.3
MMLG	First Trust Multi-Manager Large Growth ETF	2.5	85	-20	1.4	-4.0
DIVO	Amplify CWP Enhanced Dividend Income ETF	2.5	55	10	4.3	-1.0
XVOL	Acruence Active Hedge U.S. Equity ETF	1.0	83	-18	3.4	-1.9
FTQI	First Trust Nasdaq BuyWrite Income ETF	1.0	75	-10	2.9	-2.4
QRMI	Global X NASDAQ 100 Risk Managed Income ETF	0.9	60	5	2.9	-2.4
QYLG	Global X Nasdaq 100 Covered Call & Growth ETF	0.9	60	5	3.2	-2.1
QTR	Global X NASDAQ 100 Tail Risk ETF	0.9	26	39	3.9	-1.4
QCLR	Global X NASDAQ 100 Collar 95-110 ETF	0.9	25	40	3.8	-1.6
QYLD	Global X NASDAQ 100 Covered Call ETF	0.9	60	5	2.9	-2.5
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	0.7	35	30	3.2	-2.1
NUSI	Nationwide Nasdaq-100 Risk-Managed Income ETF	0.7	68	-3	2.9	-2.4
SFLR	Innovator Equity Managed Floor ETF	0.3	89	-24	3.2	-2.1
XCLR	Global X S&P 500 Collar 95-110 ETF	0.2	25	40	4.6	-0.7
XRMI	Global X S&P 500 Risk Managed Income ETF	0.2	60	5	3.7	-1.6
XTR	Global X S&P 500 Tail Risk ETF	0.2	26	39	4.8	-0.5
XYLD	Global X S&P 500 Covered Call ETF	0.2	60	5	3.7	-1.6
XYLG	Global X S&P 500 Covered Call & Growth ETF	0.2	60	5	4.0	-1.3

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

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	Amplify International Enhanced Dividend Income ETF
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	13.4	%
Divided by: Fwd. P/BV	2.2	x
Less: Expense ratio	65	bp
Equals: ALTAR Score	5.3	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.58	CATEGORY AVERAGE	1.64

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.