Amplify ETF Trust Amplify Etho Climate Leadership U.S. ETF(AMEX:ETHO)

ETHO tracks an index of US equities with the most climate efficiency within their own sectors. Eligible firms are measured according to their carbon impact, calculated based on total greenhouse gas emissions from operations, fuel use, supply chain, and business activities, divided by market capitalization. The index primarily selects each firm with a carbon impact at least 50% better than its industrys average while excluding all companies in energy, tobacco, aerospace and defense, gambling, gold, and silver sub-industries. Equal weighting is applied to all selected companies, which gives small-cap stocks more weight within the index relative to a market-cap weighting approach. Overall, the fund provides a clear and distinct selection method for environmentally conscious investors. The index reconstitutes and rebalances annually. On January 29, 2024, the fund acquired all assets and liabilities of the Etho Climate Leadership US ETF, morphing into a new ETF that employs the same strategy.