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TLTPAmplify TLT U.S. Treasury 12% Option Income ETF

Get income1y track recordRanked #959 of 1,650 in this goal

Seeks investment results that generally correspond to the performance of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index.

By Amplify ETFs · Launched 2024

Annual Cost

0.39%

#1,911 of 5,854 · low cost

Fund Size

$22M

#4,391 of 5,854 · small

Dividend YieldGoal

13.17%

Track Record

1 year

#3,816 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,099+1.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Bloomberg US Treasury 20+ Year 12% Premium Covered Call 2.0 Index

What it actually holds

By weight

Concentration

Top 3 holdings = 99.8% of fundconcentrated

iShares 20+ Year Treasury Bond
73.5%
US TREASURY N/B
26.7%
N/A
-0.4%

Asset allocation

Bonds
99.1%
Cash
0.5%
Other
0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.2%Low

Year-on-year price swings

Max drawdown
-8.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks investment results that generally correspond to the performance of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index.
Strategy
Invests at least 80% of net assets in securities representative of the Index, targeting a 12% annualized option premium income through selling one-week at-the-money call options on the iShares 20+ Year Treasury Bond ETF. The Fund aims to replicate the Index's performance while managing exposure to U.S. Treasuries.
Inception date
October 28, 2024
Fund family
Amplify ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

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 2026-08-04