Amplify CWP International Enhanced Dividend Income ETF
IDVO
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- Amplify CWP International Enhanced Dividend Income ETF (IDVO) is an actively managed exchange-traded fund that seeks current income through investments in dividend-paying American Depositary Receipts (ADRs) and U.S.-listed large- and mid-cap equities from the MSCI ACWI ex USA Index, overlaid with a tactical covered call option writing strategy on individual securities; it secondarily pursues capital appreciation. The fund invests at least 80% of its net assets in such dividend-paying equity securities organized outside the United States, targeting high-quality issuers with histories of dividend growth, earnings strength, and cash flow sustainability; it holds approximately 30 to 50 positions diversified across GICS sectors and developed/emerging markets, with no single sector, country, or holding exceeding 25% or 8% exposure, respectively, supplemented by limited cash equivalents; CWP tactically sells short-term U.S. exchange-traded covered call options to generate 2-4% gross income from premiums alongside 3-4% from dividends. Launched on September 8, 2022, IDVO trades on NYSE Arca with a total expense ratio of 0.66%, monthly distributions, and portfolio management by sub-advisers Capital Wealth Planning LLC (CWP), Penserra Capital Management LLC (implementation and rebalancing), and Seymour Asset Management LLC (screening international holdings). In a recent major change, the fund amended its name from Amplify International Enhanced Dividend Income ETF to Amplify CWP International Enhanced Dividend Income ETF, as reflected in its January 28, 2025 prospectus; it continues to emphasize international diversification amid a portfolio turnover of 104% for the fiscal period ended September 30, 2024, with significant exposure to financials and energy sectors as of that date; the sponsor, Amplify Investments LLC, part of Amplify ETF Trust headquartered in Downers Grove, Illinois, expanded its enhanced income suite in 2024 with launches like QDVO, complementing IDVO's strategy.