The Fund seeks to balance high income and capital appreciation through investment exposure to cybersecurity companies and a covered call strategy. The Fund invests at least 80% of its net assets in the equity securities held by the Amplify Cybersecurity ETF (the "HACK ETF"), a series of the Amplify ETF Trust advised by Amplify Investments, LLC, the investment adviser to the Fund, and written covered call option contracts that reference the Equity Securities. The HACK ETF invests at least 80% of its net assets in the securities of companies that comprise the Nasdaq ISE Cyber Security Select Index. The HACK Index will consist of a selection of constituents in the Nasdaq ISE Cyber Security Index. The HACK Parent Index begins with an initial universe that is comprised of the common stock or corresponding ADR, GDRs of companies (i) that are a direct service provider (hardware/software developer) for cyber security and for which cyber security business activities are a key driver of the business or (ii) whose business model is defined by its role in providing cyber security services and for which cyber security business activities are a key driver of the business ("Service Providers", and collectively with "Infrastructure Providers," the "Cyber Security Companies").
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