ETF Report: AMPLIFY CEF HIGH INCOME ETF (YYY)

What this ETF is trying to do

The AMPLIFY CEF HIGH INCOME ETF, known by its ticker symbol YYY, is an exchange-traded fund (ETF). Its main goal is to provide regular income to investors. It does this by making distributions, which are essentially payments made to the people who own the fund.

What the numbers show

As of July 13, 2026, the current price of one share is $11.47. If you look at the past year, the price has changed slightly. One year ago, the estimated price was about $11.76. This means the actual price of a share has gone down by about 2.46% over the last year.

However, when you look at "total return," which includes the money paid out to investors, the picture changes. The one-year total return is 10.42%. This shows that even though the share price dropped, the payments received helped make up for it.

Income and distribution explanation

This ETF focuses on paying out money frequently. Over the last 12 months, it made 12 distributions. These payments usually happen once a month. The "distribution yield" is 12.55%. This number tells you how much income the fund paid out compared to its price.

It is important to remember that a high yield alone can be misleading. A very high percentage might look good, but it does not tell you if the value of your original investment is staying safe.

NAV erosion explanation

"NAV erosion" happens when the value of the underlying assets in an ETF drops over time. Think of NAV (Net Asset Value) as the actual "stuff" inside the fund. If a fund pays out more money than it earns, or if its investments lose value, the NAV can shrink.

In this case, the "erosion score" is 94, which is labeled as "Stable / sideways." This means the fund is not experiencing severe erosion. It is not collapsing in price, which is generally what income investors want to avoid.

Pros

• It provides a high distribution yield of 12.55%.

• The payments are frequent, usually happening every month.

• The total return over three years is quite high at 39.95%.

Cons

• The actual price of the shares has been trending downward (a one-year price return of -2.46%).

• The year-to-date price return is negative (-0.33%).

Beginner takeaway

Income investors usually prefer ETFs that go "sideways" (stay at a steady price) or move slightly up. They prefer this because if the share price collapses, you lose your original money (your principal).

To see how price matters, imagine you invested $10,000 into this ETF one year ago when the price was $11.76. Before any distributions were paid to you, your $10,000 would have shrunk to about $9,754 because the share price dropped. This is why looking at both the price and the income is important.