Amplify's IDVO ETF offers income from dividends, options, and capital gains via global ADRs with currency risk.

The Amplify CWP International Enhanced Dividend Income ETF (IDVO) generates income from three sources: dividends on American Depositary Receipts (ADRs), option premiums from selective covered calls, and capital appreciation. Focusing on ADRs allows U.S. investors to access foreign companies' dividends, but currency fluctuations affect income amounts. While the fund pays a high distribution rate of 6.17%, much of this is return of capital, meaning actual earned income is lower, as reflected by a 1.49% SEC yield. The fund's active management and tactical options strategy differentiate it from passive income ETFs, but investors should be aware of currency risk and the tax implications of return of capital distributions.