Amplify ETFs is lowering the expense ratio for the Amplify YieldShares CWP Dividend & Option Income ETF (DIVO) from a gross expense ratio of 0.96 per cent to a net expense ratio of 0.49 per cent, by contractually agreeing to reduce the Fund’s management fee and any acquired fund fees by 0.47 per cent.
The fee reduction will go into effect on 22 October 2018.
DIVO is an actively managed equity income portfolio that seeks to deliver both dividend and option income to investors on a monthly basis. It seeks to identify large-cap, high-quality, blue-chip companies and opportunistically writes covered call options on the individual stocks. The Fund is managed by Capital Wealth Planning (CWP), the Fund’s Sub-Adviser.
