Amplify ETFs files for new S&P 500 dividend-focused fund

Amplify ETFs filed a registration for the Amplify S&P 500 Dividend Drivers ETF (DRVR), according to a company announcement. The fund seeks to track the S&P 500 Dividend Drivers Index.

The proposed ETF will invest at least 80% of its net assets in securities comprising the index. The underlying index measures performance of S&P 500 companies that have increased dividends for at least 10 consecutive years and are forecasted to continue dividend growth in the following calendar year.

Companies in the index are ranked using three financial metrics: five-year dividend growth, forecasted dividend yield, and return on invested capital. The highest-ranked companies are selected subject to diversification constraints.

"Dividend growth investing continues to play a central role in long-term portfolios," said Christian Magoon, CEO of Amplify ETFs. "Through this filing, we are looking to offer a modern approach by combining historical dividend increases with forward-looking forecasts and quality metrics from S&P Global Market Intelligence to identify companies with strong fundamentals and future dividend growth potential."

Amplify ETFs manages over $19 billion in assets as of March 31, 2026. The filing represents the initial step in the registration process and does not constitute an offer to sell securities.

The fund will focus on dividend-paying securities within the S&P 500, with no guarantee that portfolio companies will maintain or increase dividend payments. As a passively managed, index-based fund, it will be subject to tracking error and correlation risks.

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