TLTPAmplify TLT U.S. Treasury 12% Option Income ETF
Seeks investment results that generally correspond to the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, before fees and expenses.
By Amplify ETFs · Launched 2024
0.39%
#1,958 of 5,562 · average
$22M
#4,318 of 5,562 · small
13.19%
1 year
#3,910 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Bloomberg US Treasury 20+ Year 12% Premium Covered Call 2.0 Index
What it actually holds
By weightConcentration
Top 4 holdings = 100.5% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks investment results that generally correspond to the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, before fees and expenses.
- Strategy
- Passively tracks a Bloomberg index that holds the iShares 20+ Year Treasury Bond ETF (TLT) — long-dated U.S. Treasuries — overlaid with weekly at-the-money written call options on TLT, sized to target a 12% annualized option premium. The Fund invests at least 80% of net assets in securities representative of the Index and writes FLEX Options weekly, distributing TLT income plus option premium on a monthly basis.
- Inception date
- October 28, 2024
- Fund family
- Amplify ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19