Mar 10, 2026 (MarketLine via COMTEX) --
The YYYM ETF seeks tax-advantaged, high monthly income by investing in a portfolio of municipal closed-end funds.
Amplify ETFs, a leading provider of breakthrough ETF solutions, today announced the launch of the Amplify Municipal CEF High Income ETF (YYYM), which is designed to deliver federally tax-advantaged high monthly income through diversified exposure to ~30 U.S. municipal bond closed-end funds (CEFs).
YYYM seeks investment results that generally correspond to the price and yield performance of the Nasdaq Municipal Bond CEF High Income™ Index (the "Index"). The Index measures the performance of 30 U.S. municipal bond closed-end funds selected through a rules-based methodology focused on tax-exempt high income. The methodology prioritizes fund yield, discount to net asset value (NAV), and liquidity in its selection process.
Municipal bond closed-end funds are commonly utilized in income-focused portfolios for their ability to generate federally tax-exempt income. CEFs can trade at a discount or premium to NAV, offering the potential to enhance yield and capital appreciation when purchased below the underlying net asset value.
YYYM packages this exposure into a single ETF, offering diversified exposure across professionally managed municipal CEFs while aiming to reduce single-fund concentration risk and simplify implementation in taxable accounts.
"Attractive after-tax income remains a key consideration for many investors," said Christian Magoon, CEO of Amplify ETFs. "Municipal closed-end funds can play an important role in taxable portfolios, particularly when accessed through a disciplined framework that incorporates income, valuation, and liquidity. YYYM delivers that exposure through a transparent, systematic approach."
YYYM's launch extends Amplify's leadership in the discounted closed-end fund ETF space. Amplify also offers the Amplify CEF High Income ETF (YYY), which aims to pay a high level of monthly income by providing exposure to a variety of CEF asset classes while prioritizing yield, discount to NAV, and liquidity. YYY was launched in 2013, carries a 4-star overall Morningstar rating1, and currently has a 12.34% distribution rate2 and 11.79% 30-day SEC Yield.
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