Amplify CWP International Enhanced Dividend Income ETF (IDVO): A Tier Four ETF

The United States has produced some of the greatest companies in history.

That's why the vast majority of my portfolio is invested here.

But outstanding businesses don't stop at our borders.

Some of the world's finest companies are headquartered in Europe, Canada, Australia, and Asia.

That's exactly why I own IDVO.

Rather than trying to pick individual international dividend stocks, I prefer owning a professionally managed portfolio of high-quality businesses from around the world while enhancing their income through a covered call strategy.

For me, that's the perfect way to add international exposure to a retirement portfolio.

Key Statistics

Ticker: IDVO
Tier: Tier Four
Investment Style: International Enhanced Dividend Income
Fund Inception: December 13, 2022
Expense Ratio: 0.65%
Assets Under Management: Approximately $1.3 billion
Number of Holdings: Approximately 45–50
Distribution Frequency: Monthly

IDVO is an actively managed ETF that invests in high-quality international dividend-paying companies while selectively writing covered calls to generate additional monthly income.

Why IDVO Fits Tier Four

Tier Four is designed to enhance the retirement income already built through Tiers One, Two, and Three.

The objective isn't replacing your core dividend portfolio.

It's diversifying where your retirement income comes from.

Most of my investments are concentrated in American companies.

IDVO allows me to broaden that exposure by investing in exceptional businesses located outside the United States.

That geographic diversification becomes another strength within a retirement portfolio.

What Does IDVO Own?

IDVO invests in established international businesses with durable competitive advantages and histories of rewarding shareholders.

Depending on market conditions, the portfolio has included companies headquartered in countries such as:

Canada
Switzerland
France
Germany
Australia
Japan
The United Kingdom

Rather than trying to research dozens of international companies individually, I can own many of them through one professionally managed ETF.

That's exactly the kind of simplicity I appreciate.

Where This Income Comes From

IDVO generates income from two different sources.

First...

The international companies inside the portfolio pay dividends.

Those dividends become one source of the fund's monthly distributions.

Second...

The portfolio managers selectively write covered call options on individual holdings.

Other investors pay the fund for the opportunity to potentially purchase those stocks at predetermined prices.

Those option premiums become the second source of income.

By combining dividends with option premiums, IDVO creates a larger monthly income stream than dividends alone.

Why I Like IDVO

One of the reasons I like IDVO is that it follows a philosophy similar to DIVO.

The managers don't begin by asking,

"Which international stocks have the highest yields?"

Instead, they begin by identifying outstanding businesses.

Only after building a portfolio of high-quality companies do they enhance the income through covered calls.

That order matters.

Business quality comes first.

Income enhancement comes second.

That's exactly how I think retirement investing should work.

Who Is This ETF For?

IDVO is ideal for investors who:

Are building a Tier Four portfolio.
Want international diversification.
Prefer owning high-quality global businesses.
Want dependable monthly income.
Appreciate an actively managed covered call strategy.

For me, IDVO fills an important role that none of my domestic ETFs can.

Looking Beyond America's Borders

I remain incredibly optimistic about American businesses.

That hasn't changed.

But I also recognize that outstanding companies exist all over the world.

Owning a carefully selected portfolio of international businesses allows me to diversify not only my investments, but also the sources of my retirement income.

I think that's a smart long-term strategy.

Final Thoughts from the DGI Crab

IDVO gives me something my U.S.-focused ETFs cannot.

International diversification. Combined with monthly income. Built upon outstanding businesses. Professionally managed. And enhanced through a disciplined covered call strategy.

If I had to summarize IDVO in one sentence, it would be this:

Own outstanding businesses from around the world while enhancing their income.

That's exactly why IDVO has earned its place as one of my favorite Tier Four ETFs.

DGI Crab Summary

Role in the Portfolio: Diversify retirement income through high-quality international businesses.

Where This Income Comes From: Dividends paid by international companies plus option premiums generated through the fund's covered call strategy.

Should This Replace My Tier Three Holdings? No. Tier Four is designed to enhance the dependable dividend income you've already built in Tiers One through Three. The exception is investors beginning their investing journey later in life, where building around high-quality income ETFs and reinvesting distributions through DRIP can be a practical way to grow retirement income.