YYY - Clear Winner Between YYY And CEFS
2024-03-19 23:45:57 ET
Summary
- Amplify High Income ETF has maintained a consistent portfolio allocation with a focus on high-yielding closed-end funds.
- YYY delivered strong returns in 2023 but still under-earns its distribution yield, raising concerns about the sustainability of its payouts.
- Investors may want to consider the Saba Closed-End Fund ETF as an alternative, with higher historical returns and a more sustainable distribution policy.
A year ago, I wrote a review of the Amplify High Income ETF ( YYY ). Although I liked the YYY ETF's attractive 11% forward distribution yield, I urged caution, as the fund had not historically 'earned' its distribution....
Clear Winner Between YYY And CEFS