The Fund will, under normal market conditions, invest at least 80% of its total assets in the securities that comprise the Index. The Fund employs a passive management investment strategy in seeking to achieve its investment objective. Using an indexing investment approach, the Fund attempts to replicate, before fees and expenses, the performance of the Index. The Fund generally will use a replication methodology, meaning it will invest in all of the underlying securities comprising the Index in proportion to the weightings in the Index. However, the Fund may utilize a sampling methodology under various circumstances where it may not be possible or practicable to purchase all of the underlying securities in the Index. The Funds investment sub-adviser, Toroso Investments, LLC (Toroso, or the Sub-Adviser) manages the investment of the Funds assets. The Index was created and is maintained by ETF Action, Inc. (the Index Provider). The Index Provider is not affiliated with the Fund, Amplify Investments LLC (the Adviser or Amplify Investments) or the Sub-Adviser.