Under normal circumstances, the Fund invests at least 80% of its net assets in high quality U.S.-listed equity securities of companies with small- to mid-market capitalizations. For these purposes, the Fund defines a high quality security as a company that meets the Sub-Adviser's evaluation process described herein and a small- to mid-market capitalization company as a company that has a market capitalization of between $400 million and approximately the largest market capitalization company in the Russell 2500 Index at the time of purchase. The Fund will primarily invest in common stocks, but may invest in other types of equity securities and/or in real estate investment trusts. REITs are financial vehicles that pool investors' capital to purchase or finance real estate. Amplify Investments LLC serves as the investment adviser to the Fund. Curi RMB Capital, LLC and Penserra Capital Management LLC each serve as investment sub-advisers to the Fund. Penserra is responsible for implementing the Fund's investment program by, among other things, trading portfolio securities and performing related services, rebalancing the Fund's portfolio and providing cash management services in accordance with the investment advice formulated by, and model portfolios delivered by, Curi RMB and Amplify Investments. The Sub-Advisers are not affiliated with the Fund or Amplify Investments.