Amplify ETFs expanded its income-oriented lineup on March 10 with the debut of the Amplify Municipal CEF High Income ETF (NYSE Arca: YYYM).
See more: Amplify ETFs Outpaces Industry Growth With 70% AUM Jump in 2025
This new “fund of funds” provides a streamlined approach to the municipal closed-end fund (CEF) market. This niche is often characterized by high yields but complex structural nuances. By wrapping a diversified basket of CEFs into an ETF vehicle, Amplify aims to simplify access to tax-advantaged monthly income for advisors and their clients.
YYYM seeks to track the Nasdaq Municipal Bond CEF High Income™ Index, which utilizes a rules-based approach to select 30 U.S. exchange-listed municipal bond CEFs. The selection process prioritizes three core pillars: yield, discount to net asset value (NAV), and liquidity. Specifically, the index targets funds with yields at least 1.2 times the median of the dividend-paying CEF universe and filters out those trading at significant premiums.
YYYM carries a total expense ratio of 2.78%. While high compared to broad-market muni ETFs, this reflects the “acquired fund fees” inherent in a fund-of-funds structure. For advisors, the value proposition lies in the professional management of the underlying leverage and the tax-exempt nature of the distributions. This can be particularly attractive for investors in the top marginal tax brackets.
The launch of YYYM follows the blueprint of Amplify’s flagship Amplify CEF High Income ETF (YYY), which manages $700 million in assets. However, while YYY offers broad exposure to both equity and debt CEFs, YYYM strictly focuses on the municipal sector. This allows for more precise tax planning within the fixed-income portion of a portfolio.
The Amplify Municipal CEF High Income ETF Joins a Diverse Lineup
YYYM joins a diverse Amplify suite that includes the Amplify Junior Silver Miners ETF (SILJ), the Amplify Blockchain Technology ETF (BLOK), and the Amplify Lithium & Battery Technology ETF (BATT). The firm also offers thematic and income solutions like the Amplify Video Game Tech ETF (GAMR) and the Amplify International Enhanced Dividend Income ETF (IDVO).
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VettaFi LLC (“VettaFi”) is the index provider for BLOK, BATT, and GAMR, for which it receives an index licensing fee. However, BLOK, BATT, and GAMR are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of BLOK, BATT, and GAMR.
