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  5. NDIV: Is NDIV a reasonably good natural resources fund? [Amplify Natural Resources Dividend Income ETF]
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Q: Is NDIV a reasonably good natural resources fund? Only 3 years old, has minimal AUM, and there is no Morningstar rating. Selects dividend paying natural resource companies globally. Could be attractive IF it’s managed by Kevin Simpson , who seems to be a great manager running covered call strategies. I cannot tell if NDIV follows such a strategy. Information on ETF data sites is scanty. Would appreciate very much your insight and comments including whether this ETF is a good diversifier. MER 0.59%.
Asked by Adam on June 30, 2025
5i Research Answer:

NDIV is a few years old but only has $11M in AUM, and its MER of 0.59% is somewhat high. It has 46 holdings, and its fairly well-diversified across small, mid, and large-cap names. We do not see that it has a covered call strategy, but it has a strong yield of 5.1%. 

Largely, we would prefer a more liquid, lower cost, energy ETF with a strong yield and longer track record. XLE and XEG (US and Canadian energy ETFs) have slightly lower yields of about 3.5%, but with stronger liquidity, similar or slightly lower MERs, and similar performance track records.