AMZY Looks Like A Winner, Until You Dig Into The Dividends

  • AMZY offers high yield and Amazon exposure, but its total return slightly outpaces AMZN with less downside risk since inception. The fund's high distributions are increasingly funded by return of capital, leading to NAV/share erosion and raising sustainability concerns. AMZY is suitable for tactical, short-term income seekers, but not as a long-term substitute for Amazon stock or for passive investors.