The fund aims to generate high monthly income while providing downside market risk through an underlying index.

Chicago-based Amplify ETFs has further expanded its exchange-traded fund (ETF) product suite with the filing of the Amplify S&P 500 Buffered Autocallable Yield Opportunity ETF (YO). The ETF will gain exposure to the underlying index through swap agreements The fund seeks to generate high monthly income while limiting downside market risk through exposure to the S&P 500 Buffered Autocallable Yield Opportunity Index. The S&P 500 Buffered Autocallable Yield Opportunity Index reflec