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HCOW ETF — Holdings & Analysis

Amplify COWS Covered Call ETF (HCOW) is an actively managed equity ETF with approximately $0.01 billion in assets under management. Launched in September 2023, HCOW seeks to generate current income by investing in dividend-paying companies exhibiting high free cash flow yield, enhanced by a covered call strategy. With an expense ratio of 0.65%, HCOW aims to deliver income through a combination of stock selection and options overlay, differentiating itself through its focus on free cash flow and active management.

Amplify COWS Covered Call ETF (HCOW) ETF — Price, Holdings & Analysis

Amplify COWS Covered Call ETF (HCOW) is an actively managed equity ETF with approximately $0.01 billion in assets under management. Launched in September 2023, HCOW seeks to generate current income by investing in dividend-paying companies exhibiting high free cash flow yield, enhanced by a covered call strategy. With an expense ratio of 0.65%, HCOW aims to deliver income through a combination of stock selection and options overlay, differentiating itself through its focus on free cash flow and active management.

ETF Overview

HCOW is an actively managed strategy-driven ETF that seeks to provide current income through a portfolio of dividend paying companies with characteristics of high free cash flow yield combined with a covered call strategy.
Amplify COWS Covered Call ETF (HCOW) is an actively managed, strategy-driven fund designed to provide current income. HCOW invests in dividend-paying companies that exhibit characteristics of high free cash flow yield, combined with a covered call strategy. This approach seeks to generate income from both dividends and option premiums. The fund's top holdings include the Amplify Cash Flow Dividend Leaders ETF (COWS) at 4.28%, Dell Technologies Inc Ordinary Shares - Class C (DELL) at 3.31%, and FedEx Corp (FDX) at 3.28%. HCOW's sector allocation is diverse, with significant exposure to Industrials (25.3%), Financial Services (20.8%), and Technology (19.7%). The fund primarily invests in the United States (94.2%), with smaller allocations to Ireland (1.4%), Switzerland (2.4%), and the United Kingdom (2.2%). HCOW's active management and covered call strategy distinguish it from passively managed dividend ETFs.

Risk Metrics

HCOW carries several risks inherent to its investment strategy. As an actively managed fund, its performance depends on the manager's skill in selecting stocks and implementing the covered call strategy. The fund's concentration in specific sectors, such as Industrials (25.3%), Financial Services (20.8%), and Technology (19.7%), exposes it to sector-specific risks. The fund's beta is 0.00, indicating that it has very low volatility compared to the market. The expense ratio of 0.65% can create a drag on returns, especially in a low-return environment. The fund's relatively small AUM of $0.01B may pose liquidity risks. Past performance does not guarantee future results.

Expense Ratio

0.65%

Top Holdings

Sector Allocation

  • Industrials: 25.3%
  • Financial Services: 20.8%
  • Technology: 19.7%
  • Healthcare: 14.4%
  • Energy: 6.2%
  • Consumer Defensive: 5.5%
  • Utilities: 5.5%
  • Communication Services: 3.2%
  • Basic Materials: 2.7%
  • United States: 94.2%
  • Ireland: 1.4%
  • Switzerland: 2.4%
  • United Kingdom: 2.2%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

常见问题

What is HCOW and what does it track?

Amplify COWS Covered Call ETF (HCOW) is an actively managed equity ETF that seeks to provide current income. It does this through a combination of dividend-paying stocks and a covered call strategy. The fund invests in companies with high free cash flow yield, aiming to generate income from both dividends and option premiums. HCOW's top holdings include Amplify Cash Flow Dividend Leaders ETF (COWS), Dell Technologies Inc Ordinary Shares - Class C (DELL), and FedEx Corp (FDX). The fund's objective is to deliver a consistent income stream to investors.

What is the expense ratio for HCOW?

The expense ratio for the Amplify COWS Covered Call ETF (HCOW) is 0.65%. This means that for every $10,000 invested in the fund, $65 is deducted annually to cover operating expenses. While this is higher than some passively managed ETFs, it is important to consider that HCOW is actively managed and employs a covered call strategy. Expense ratios can impact overall returns, so investors should factor this into their investment decisions.

What are the top holdings in HCOW?

The top holdings in the Amplify COWS Covered Call ETF (HCOW) provide insight into the fund's investment strategy. As of 2026-03-15, the top three holdings are Amplify Cash Flow Dividend Leaders ETF (COWS) at 4.28%, Dell Technologies Inc Ordinary Shares - Class C (DELL) at 3.31%, and FedEx Corp (FDX) at 3.28%. These holdings reflect the fund's focus on dividend-paying companies with strong cash flow. The fund's composition may change over time as the manager adjusts the portfolio based on market conditions and investment opportunities.

Is HCOW a good long-term investment?

Whether HCOW is a suitable long-term investment depends on an individual's investment goals and risk tolerance. HCOW aims to provide current income through a combination of dividend-paying stocks and a covered call strategy. The fund's expense ratio is 0.65%. these may be worth researching factors, along with their own financial situation, before making an investment decision. Past performance does not guarantee future results.

How does HCOW compare to similar ETFs?

HCOW differentiates itself through its active management and focus on free cash flow yield. With an expense ratio of 0.65% and AUM of $0.01B, HCOW is smaller than some of its competitors. The fund's covered call strategy aims to generate income, which may appeal to investors seeking yield. When comparing HCOW to similar ETFs, factors may be worth researching such as investment strategy, expense ratio, and historical performance. Past performance does not guarantee future results.

Does HCOW pay dividends?

As of 2026-03-15, the Amplify COWS Covered Call ETF (HCOW) has a dividend yield of 0.00%. While the fund's stated objective is to provide current income, the current dividend yield is zero. Investors seeking dividend income should carefully consider this factor when evaluating HCOW. The dividend yield may fluctuate over time depending on market conditions and the fund's investment performance.