The Amplify Alternative Harvest ETF (MJ) is an equity ETF with $0.12 billion in assets under management. It seeks to replicate the performance of the Prime Alternative Harvest Index, focusing on companies involved in the global cannabis industry. With an expense ratio of 0.75%, MJ provides exposure to both medicinal and recreational cannabis companies, primarily in Canada and the United States, differentiating itself through a concentrated portfolio of cannabis-related stocks and ETFs.
The Amplify Alternative Harvest ETF (MJ) is an equity ETF with $0.12 billion in assets under management. It seeks to replicate the performance of the Prime Alternative Harvest Index, focusing on companies involved in the global cannabis industry. With an expense ratio of 0.75%, MJ provides exposure to both medicinal and recreational cannabis companies, primarily in Canada and the United States, differentiating itself through a concentrated portfolio of cannabis-related stocks and ETFs.
ETF Overview
The Amplify Alternative Harvest ETF (MJ) seeks investment results that generally correlate (before fees and expenses) to the total return performance of the Prime Alternative Harvest Index. MJ tracks a portfolio of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives.
The Amplify Alternative Harvest ETF (MJ) aims to capture the growth potential of the global cannabis industry by tracking the Prime Alternative Harvest Index. This ETF invests in companies that are expected to benefit from the increasing legalization of medicinal and recreational cannabis. MJ's strategy involves holding a concentrated portfolio of cannabis-related companies, with a significant portion (47.15%) allocated to the Amplify Seymour Cannabis ETF (CNBS), providing indirect exposure to a broader range of cannabis companies. Direct holdings include Tilray Brands Inc (TLRY) at 15.38%, Cronos Group Inc (CRON.TO) at 7.98%, and Canopy Growth Corp (WEED.TO) at 7.32%. The fund's sector allocation is heavily weighted towards Healthcare (74.4%) and Consumer Defensive (20.7%), reflecting the nature of the cannabis industry. MJ offers investors a targeted approach to participate in the cannabis market, but its concentrated strategy may lead to higher volatility compared to more diversified equity ETFs. Past performance does not guarantee future results.
Risk Metrics
The Amplify Alternative Harvest ETF (MJ) carries several risks inherent to its concentrated investment strategy. With only 10 holdings, the fund is subject to significant concentration risk, where the performance of a few key holdings can disproportionately impact the overall return. The substantial allocation to the Amplify Seymour Cannabis ETF (CNBS) further amplifies this risk. Sector risk is also a concern, as 74.4% of the portfolio is allocated to the Healthcare sector, making it vulnerable to regulatory changes and market sentiment specific to the cannabis industry. MJ's beta of 0.38 suggests lower volatility compared to the broader market, but this may not fully capture the specific risks associated with cannabis stocks. The expense ratio of 0.75% can create a drag on performance, especially in a competitive market. Investors should be aware of these risks before investing. Past performance does not guarantee future results.
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Risk Metrics
Beta: 0.38
Questions & Answers
What is MJ and what does it track?
The Amplify Alternative Harvest ETF (MJ) is an exchange-traded fund that seeks to replicate the performance of the Prime Alternative Harvest Index. This index is designed to track the performance of companies involved in the cannabis ecosystem, including those benefiting from the legalization of medicinal and recreational cannabis on a global scale. MJ provides investors with a way to gain exposure to the cannabis industry through a single investment vehicle. The ETF's holdings consist of companies primarily located in Canada and the United States, reflecting the current geographic concentration of the cannabis market.
What is the expense ratio for MJ?
The Amplify Alternative Harvest ETF (MJ) has an expense ratio of 0.75%. This means that for every $10,000 invested in the fund, $75 is deducted annually to cover the fund's operating expenses. While this expense ratio provides access to a specialized sector, it's important to consider this cost when evaluating the fund's potential returns. Expense ratios can impact overall investment performance, especially over longer time horizons.
What are the top holdings in MJ?
The top holdings in the Amplify Alternative Harvest ETF (MJ) as of 2026-03-15, include the Amplify Seymour Cannabis ETF (CNBS) with a weight of 47.15%, providing indirect exposure to a basket of cannabis companies. Other significant holdings are Tilray Brands Inc (TLRY) at 15.38%, Cronos Group Inc (CRON.TO) at 7.98%, Canopy Growth Corp (WEED.TO) at 7.32%, and SNDL Inc Ordinary Shares (SNDL) at 6.33%. These holdings represent a significant portion of the fund's assets, reflecting its concentrated investment strategy within the cannabis sector.
Is MJ a good long-term investment?
Whether the Amplify Alternative Harvest ETF (MJ) is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and outlook on the cannabis industry. MJ offers targeted exposure to the cannabis market, which has the potential for growth but also faces regulatory and competitive challenges. The fund's expense ratio of 0.75% and concentrated holdings should be considered. Investors should conduct thorough research and consider their own circumstances before making any investment decisions. Past performance does not guarantee future results.
How does MJ compare to similar ETFs?
The Amplify Alternative Harvest ETF (MJ) distinguishes itself through its focused approach on the cannabis industry. With an expense ratio of 0.75% and AUM of $0.12 billion, MJ is positioned among other cannabis-focused ETFs. When comparing to similar ETFs, factors to consider include fund size, expense ratios, investment strategy, and portfolio composition. Some ETFs may have broader diversification or lower expense ratios, while others may focus on specific segments within the cannabis market. Investors should carefully evaluate these factors to determine which ETF best aligns with their investment objectives.
Does MJ pay dividends?
As of 2026-03-15, the Amplify Alternative Harvest ETF (MJ) has a dividend yield of 0.00%. This indicates that the fund currently does not distribute any dividends to its shareholders. The fund's focus is primarily on capital appreciation through the growth of cannabis-related companies, rather than generating income through dividends. Investors seeking income-generating investments may need to consider alternative options.