Amplify LQD Investment Grade 12% Target Income ETF (Cboe BZX: LQDM) is a U.S.-domiciled, passively managed exchange-traded fund sponsored by Amplify Investments LLC, doing business as Amplify ETFs, that seeks to provide high current income and capital-appreciation potential through diversified exposure to U.S. investment-grade corporate bonds and a systematic covered-call strategy. Launched on April 21, 2026, LQDM seeks investment results, before fees and expenses, that generally correspond to the Bloomberg U.S. Investment Grade Corporate Bond 12% Income Covered Call Index. The fund principally obtains investment-grade corporate-bond exposure through the iShares iBoxx $ Investment Grade Corporate Bond ETF and writes one-week, at-the-money call options on that underlying ETF; income is intended to be generated from option premiums and bond interest, with a target of 12% annualized income. LQDM makes monthly distributions and is designed for income-oriented investors seeking a single-ticker allocation to higher-credit-quality U.S. corporate bonds with an options-based income overlay. The fund forms part of Amplify ETFs’ YieldSmart suite of income-oriented investment solutions and is distributed through brokerage platforms and financial advisers in the United States. Its principal office is in Chicago, Illinois. The fund’s principal recent strategic development is its April 2026 launch alongside the Amplify HYG High Yield 10% Target Income ETF, expanding Amplify ETFs’ fixed-income covered-call offering to include investment-grade and high-yield bond exposures with weekly option-writing strategies.