Harvest Amazon ETF Generates 12.66% Yield Through Covered Call Strategy

The Harvest Amazon ETF (AMZH.U) offers investors exposure to Amazon's performance through a unique structure that combines covered call options with leverage, generating a high-yield monthly distribution of 12.66% as of August 2026.

This US-dollar-denominated unit class provides concentrated exposure to Amazon.com, the world's largest technology and retail name, allowing investors to tap into the company's earnings across its retail, cloud, and advertising segments.

The ETF's performance over the trailing year has been modestly positive, returning 0.22% despite a flat price change, highlighting how the rich distribution can coincide with muted capital movement.

Key drivers of the fund's future performance include Amazon's earnings reports, the Fed easing cycle, and option-implied volatility on Amazon shares, which can amplify the premiums harvested through covered-call strategies.