What this ETF is trying to do

The Amplify Cash Flow Dividend Leaders ETF (ticker: COWS) is an exchange-traded fund designed to focus on companies that lead in cash flow and dividends. This ETF is traded on the NASDAQ exchange. It holds a total of 53 different holdings, which means it spreads its investments across many different companies.

What the numbers show

The data shows that COWS has experienced growth in both its share price and its total return.

• Year-to-Date (YTD): The share-price return is approximately 12.33%. When including distributions, the YTD total return is approximately 13.49%.

• One-Year: The share-price return is approximately 17.54%. The one-year total return is approximately 19.27%.

• Three-Year: The share-price return is approximately 53.91%. The three-year total return is approximately 63.62%.

It is important to understand the difference between these numbers. The price return only measures how much the share price itself has moved. The total return includes both the price movement and the extra money earned from distributions.

Based on an estimated price from roughly one year ago of $31.79, the current price is $37.37.

Income and distribution explanation

COWS provides regular cash payments to investors. The distribution yield is approximately 1.36%. This number describes the cash distributions relative to the current ETF price.

The fund usually pays out monthly, with 12 payments recorded over the last year. Most of these distributions have historically been paid on Thursdays. While distributions provide cash income, they are not the same as total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• Positive Returns: The fund has shown positive price returns and total returns over the one-year and three-year periods.

• Income Rating: The fund has an income rating grade of "A" with a score of 84.

• Regular Payouts: The fund follows a monthly distribution frequency, which can be helpful for those looking for regular cash.

Cons

• Partial Data: The list of holdings provided is a partial list, meaning we are only seeing the largest companies in the portfolio.

• Yield Level: The distribution yield is approximately 1.36%, which may be considered low depending on an investor's specific goals.

Beginner takeaway

The COWS ETF focuses on dividend-paying companies and has shown growth in both share price and total return over the last three years. It provides monthly distributions, though it is important to remember that a distribution yield is just one part of an investment's overall performance.

Top Holdings (Partial List):

• MERCK & CO INC (2.72%)

• FEDEX CORP (2.64%)

• LEIDOS HOLDINGS INC (2.56%)

• DELTA AIR LINES INC (2.52%)

• GENPACT LTD (2.49%)

• COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A (2.48%)

• NEXSTAR MEDIA GROUP INC (2.46%)

• OWENS-CORNING INC (2.46%)

• QUALCOMM INC (2.44%)

• ABERCROMBIE & FITCH CO CLASS A (2.35%)

*Note: Holdings can change over time. This data was updated as of October 12, 2026.*