Fund Description: Amplify High Income ETF, formerly YieldShares High Income ETF, formerly Sustainable North American Oil Sands ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Amplify ETF Trust, formerly Exchange Traded Concept Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Amplify High Income ETF seeks investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High Income Index, formerly Sustainable North American Oil Sands Index. INDEX DESCRIPTION: The ISE High Income Index seeks to measure the performance of the top 30 U.S. exchange-listed closed-end funds (the Underlying Funds), as selected and ranked according to factors employed by the Index methodology that are designed to result in a portfolio that produces high current income, The universe of Underlying Funds eligible for inclusion on the Index is not restricted by the types of securities or other instruments in which they may invest or the types of investment strategies they may employ. Thus, the Underlying Funds may invest in a variety of securities including, but not limited to, equity securities (both dividend and non-dividend paying), foreign securities (including depositary receipts), taxable investment grade fixed income securities, taxable high yield fixed income securities, investment grade municipal securities, high yield municipal securities, preferred securities, convertible securities, commodities, real-estate related securities, including real estate investment trusts (REITs), and derivatives. Constituent securities of the Index are selected from the total universe of closed-end funds that are organized in the United States and whose shares are listed and trade on a U.S. securities exchange. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in securities of the Index. The Fund employs a passive management investment strategy in seeking to achieve its investment objective. The Fund generally will use a replication methodology, meaning it will invest in all of the Underlying Funds 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 Funds in the Index. Because the Index is comprised of securities issued by other investment companies (as opposed to operating companies), the Fund operates in a manner that is commonly referred to as a fund of funds, meaning that it invests its assets in shares of funds included in the Index. The Underlying Funds may employ different investment strategies including, but not limited to, dividend strategies, global and international strategies, covered call option strategies, balanced strategies, limited duration strategies, tax and risk-managed strategies, sector strategies, real estate, energy, utility, commodity, natural resources and other equity or income-oriented strategies. FUND MANAGEMENT: Exchange Traded Concepts, LLC serves as investment adviser to the Fund and provides investment advice to the Fund and oversees the day-to-day operations of the Fund. Index Management Solutions, LLC serves as the sub-adviser to the Fund.