Amplify Municipal CEF High Income ETF (YYYM)

Amplify Municipal CEF High Income ETF is a fund from Amplify ETFs that invests in closed-end funds (CEFs) holding municipal bonds. It is a municipal-focused counterpart to Amplify's high-income closed-end fund strategy, aiming to provide current income that may be largely exempt from federal income tax.

By owning a basket of municipal bond closed-end funds rather than individual bonds, the ETF gives investors diversified access to many professionally managed municipal portfolios in a single trade. Closed-end funds often use leverage and can trade at discounts or premiums to their net asset value, both of which influence the ETF's results.

The fund trades on NYSE Arca under the ticker YYYM and typically distributes income on a monthly basis.