Amplify Digital & Online Trading ETF
 
Schedule of Investments
 
July 31, 2022 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 96.7%
           
Digital Asset Capital Markets - 16.2%
           
Coinbase Global, Inc. - Class A (a)
   
450
   
$
28,332
 
Galaxy Digital Holdings Ltd. (a)
   
2,401
     
13,604
 
Silvergate Capital Corp. (a)
   
195
     
18,191
 
             
60,127
 
E-Broker - 56.3%
               
flatexDEGIRO AG (a)
   
1,101
     
11,110
 
Futu Holdings Ltd. - ADR (a)
   
380
     
15,808
 
IG Group Holdings PLC
   
1,624
     
15,731
 
Interactive Brokers Group, Inc.
   
290
     
17,020
 
KGI Securities Thailand PCL - NVDR
   
20,200
     
2,524
 
Matsui Securities Co. Ltd.
   
900
     
5,408
 
Monex Group, Inc.
   
3,700
     
12,873
 
Moneylion, Inc. (a)
   
767
     
1,204
 
NH Investment & Securities Co. Ltd.
   
1,295
     
9,919
 
Robinhood Markets, Inc. - Class A (a)
   
1,940
     
17,557
 
SOFI TECHNOLOGIES, Inc. (a)
   
3,569
     
22,520
 
Swissquote Group Holding SA
   
86
     
10,384
 
The Charles Schwab Corp.
   
474
     
32,730
 
Up Fintech Holding Ltd. - ADR (a)
   
1,686
     
6,373
 
XP, Inc. - Class A (a)
   
1,317
     
27,789
 
             
208,950
 
Market Makers - 6.4%
               
Flow Traders (b)
   
313
     
6,798
 
Virtu Financial, Inc. - Class A
   
723
     
16,868
 
             
23,666
 
Trading Platform - 17.8%
               
CMC Markets PLC (b)
   
902
     
2,826
 
Forge Global Holdings, Inc. (a)
   
368
     
1,965
 
MarketAxess Holdings, Inc.
   
109
     
29,515
 
Plus500 Ltd.
   
345
     
6,994
 
Tradeweb Markets, Inc. - Class A
   
349
     
24,612
 
             
65,912
 
Total Common Stocks (Cost $542,545)
           
358,655
 
                 
MONEY MARKET FUNDS - 1.2%
               
Invesco Government & Agency Portfolio - Institutional Class - 1.64% (c)
   
4,562
     
4,562
 
Total Money Market Funds (Cost $4,562)
           
4,562
 
Total Investments - 97.9%
               
(Cost $547,107)
         
$
363,217
 

Percentages are based on Net Assets of $370,836.
ADR -
American Depositary Receipt
NVDR -
Non-Voting Depositary Receipt
(a)
Non-income producing security.
(b)
Security exempt from registration under Rule 144(a) and Regulation S of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund’s liquidity guidelines  At July 31, 2022, the value of these securities amounted to $9,624 or 2.6% of total net assets.
(c)
Seven-day yield as of July 31, 2022.
                     
For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or they may be defined by Fund Management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Industries are shown as a percentage of net assets.
                     



Security Valuation
                 
                     
In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The following describes the levels of the fair value hierarchy:
 
Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;
Level 2 – Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).
                     
The valuation techniques used by the Funds to measure fair value for the period ended July 31, 2022 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended July 31, 2022, there have been no significant changes to the Fund's fair valuation methodologies.
                     
Common stocks, preferred stock, and other equity securities listed on any national or foreign exchange (excluding Nasdaq) and the London Stock Exchange Alternative Investment Market (“AIM”) will be valued at the last price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities exchange are valued at the last sale price or official closing price, as applicable, at the close of the exchange representing the principal market for such securities. Foreign securities and other assets denominated in foreign currencies are translated into U.S. dollars at the current exchange rate, which approximates fair value. Redeemable securities issued by open-end investment companies shall be valued at the investment company’s applicable NAV, with the exception of exchange-traded open-end and closed-end investment companies which are priced as equity securities. Exchange-traded options will be valued at the current mean price where such contracts are principally traded. Securities traded in the over-the-counter market are valued at the mean of the bid and the asked price, if available, and otherwise at their closing bid price. Fixed income securities will be valued using the mean price. Fixed income securities having a remaining maturity of 60 days or less when purchased will be valued at the current market price. If there is no current market price available then the securities will be valued at cost and adjusted for amortization of premiums and accretions of discounts. Swaps will be valued by using the market close price of the underlying holdings. If there is no market price available, then the securities will be valued at the last price.
                     
If no quotation is available from either a pricing service, or one or more brokers or if the pricing committee has reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith by the pricing committee, pursuant to procedures established under the general supervision and responsibility of the Fund’s Board of Trustees (the “Board”).
 
The following is a summary of the fair valuations according to the inputs used to value the Fund's investments as of July 31, 2022:

 
Category
                   
 
Investments in Securities
                   
 
Assets
                   
 
Level 1
                   
 
   Common Stocks
  $
       358,655
             
 
   Money Market Funds
   
            4,562
             
 
Total Level 1
   
         363,217
             
 
Level 2
   
                   -
             
 
Total Level 2
   
                   -
             
 
Level 3
   
                   -
             
 
Total Level 3
   
                   -
             
 
Total
  $
       363,217
             
                       
See the Schedule of Investments for further disaggregation of investment categories.
                       
For the period ended July 31, 2022, there were no transfers into or out of Level 3 for the Fund.