Amplify Transformational Data Sharing ETF
 
Schedule of Investments
 
July 31, 2021 (Unaudited)
 
               
Description
       
Shares
   
Value
 
                   
COMMON STOCKS - 99.0%
             
Banks - 3.4%
             
Silvergate Capital Corp. (a)
     
364,527
   
$
37,473,376
 
Diversified Financials - 22.2%
                 
CME Group, Inc.
     
102,783
     
21,803,358
 
Coinbase Global, Inc. - Class A (a) (b)
     
171,055
     
40,468,192
 
Diginex Ltd. (a) (b)
     
1,885,859
     
10,032,770
 
Galaxy Digital Holdings Ltd. (a) (b)
     
2,349,814
     
39,194,958
 
Grayscale Bitcoin Trust BTC (a)
     
813,514
     
28,257,409
 
Mogo, Inc. (a) (b)
     
3,613,145
     
20,558,795
 
Mudrick Capital Acquisition Corp. II - Class A (a) (b)
     
1,063,688
     
11,445,283
 
Nocturne Acquisition Corp. (a) (c)
     
380,000
     
3,915,900
 
SBI Holdings, Inc.
     
1,590,848
     
37,905,990
 
Vontobel Holding AG
     
100,770
     
8,888,362
 
VPC Impact Acquisition Holdings - Class A (a) (b)
     
1,164,489
     
11,458,572
 
WisdomTree Investments, Inc.
     
1,663,107
     
10,278,001
 
               
244,207,590
 
Media & Entertainment - 2.8%
                 
Baidu, Inc. - ADR (a)
     
38,177
     
6,261,410
 
Tencent Holdings Ltd.
     
93,555
     
5,766,565
 
Z Holdings Corp.
     
3,835,068
     
19,104,550
 
               
31,132,525
 
Retailing - 4.1%
                 
Alibaba Group Holding Ltd. - ADR (a)
     
58,559
     
11,430,131
 
Overstock.com, Inc. (a)
     
387,583
     
26,991,280
 
Rakuten Group, Inc.
     
577,747
     
6,335,442
 
               
44,756,853
 
Semiconductors & Semiconductor Equipment - 5.9%
                 
Advanced Micro Devices, Inc. (a)
     
130,482
     
13,855,883
 
NVIDIA Corp.
     
207,804
     
40,519,702
 
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
     
92,123
     
10,745,227
 
               
65,120,812
 
Software & Services - 56.9%
                 
Accenture PLC - Class A
     
64,168
     
20,384,890
 
Argo Blockchain PLC (a)
     
20,446,985
     
38,141,633
 
BIGG Digital Assets, Inc. (a)
     
6,130,313
     
7,567,074
 
Bitfarms Ltd./Canada (a) (b)
     
7,554,072
     
31,182,647
 
Cleanspark, Inc. (a) (b)
     
1,769,507
     
23,888,345
 
Digital Garage, Inc.
     
859,091
     
35,474,064
 
GMO internet, Inc.
     
1,282,680
     
33,684,892
 
Hive Blockchain Technologies Ltd. (a)
     
14,442,272
     
37,622,142
 
Hut 8 Mining Corp. (a) (b)
     
8,410,195
     
40,581,416
 
International Business Machines Corp.
     
165,592
     
23,341,848
 
Marathon Digital Holdings, Inc. (a) (b)
     
1,482,721
     
40,967,581
 
MicroStrategy, Inc. (a) (b)
     
110,185
     
68,976,912
 
Northern Data AG (a) (b)
     
278,904
     
23,920,520
 
Oracle Corp.
     
243,664
     
21,232,881
 
PayPal Holdings, Inc. (a)
     
192,936
     
53,159,656
 
Riot Blockchain, Inc. (a) (b)
     
1,125,652
     
37,090,234
 
Square, Inc. - Class A (a)
     
220,315
     
54,475,087
 
Voyager Digital Ltd. (a)
     
2,596,322
     
35,169,800
 
               
626,861,622
 
Technology Hardware & Equipment - 3.0%
                 
Canaan, Inc. - ADR (a) (b)
     
2,437,609
     
16,770,750
 
Ebang International Holdings, Inc. - Class A (a) (b)
     
5,060,868
     
11,184,518
 
Samsung Electronics Co. Ltd.
     
81,612
     
5,569,696
 
               
33,524,964
 
Telecommunication Services - 0.7%
                 
SoftBank Group Corp.
     
130,465
     
8,130,798
 
Total Common Stocks (Cost $1,142,229,285)
             
1,091,208,540
 
                       
MONEY MARKET FUNDS - 0.7%
                 
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (d)
     
7,710,410
     
7,710,410
 
Total Money Market Funds (Cost $7,710,410)
             
7,710,410
 
                       
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 20.1%
                 
First American Government Obligations Fund - Class X - 0.03% (d)
     
221,750,446
     
221,750,446
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $221,750,446)
             
221,750,446
 
Total Investments - 119.8%
                 
(Cost $1,371,690,141)
           
$
1,320,669,396
 

Percentages are based on Net Assets of $1,102,153,992.
 
ADR -
American Depositary Receipt
 
(a)
Non-income producing security.
 
(b)
All or a portion of this security is out on loan as of July 31, 2021. Total value of securities out on loan is $216,805,464 or 19.7% of net assets.
 
(c)
Illiquid security. At July 31, 2021, the value of these securities amounted to $3,915,900 or 0.4% of net assets.
 
(d)
Seven-day yield as of July 31, 2021.
 
                       
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.
 
                       
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.
 



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, 2021 maximized the use of observable inputs and minimized the use of unobservable inputs.
 
                       
For the period ended July 31, 2021, 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, 2021:
 

   
Category
                             
   
Investments in Securities
                             
   
Assets
                             
   
Level 1
                             
   
   Common Stocks
                     
     
 
   
Britain
 
$
38,141,633
           
                 
   
Canada
   
137,512,074
     
                         
   
China
   
51,413,375
                                 
   
Germany
   
23,920,520
                                 
   
Hong Kong
   
10,032,770
                                 
   
Ireland
   
20,384,890
                                 
   
Japan
   
140,635,737
                                 
   
South Korea
   
5,569,695
                                 
   
Switzerland
   
8,888,362
                                 
   
Taiwan
   
10,745,227
                                 
   
United States
   
640,048,357
                                 
   
Money Market Funds
   
7,710,410
                                 
   
Investments Purchased
with Proceeds from
Securities Lending
   
221,750,446
                                 
   
Total Level 1
   
1,316,753,496
                                 
   
Level 2
                                       
   
   Common Stocks
                                       
   
United States
   
3,915,900
                                 
   
Total Level 2
   
3,915,900
                                 
   
Level 3
   
-
                                 
   
Total Level 3
   
-
                                 
   
Total
 
$
1,320,669,396
                                 

See the Schedule of Investments for further disaggregation of investment categories.
 
                         
For the period ended July 31, 2021, there were no transfers into or out of Level 3 for the Fund.
 
                         
Secured Borrowings (Unaudited)
                   
The Funds adopted guidance requiring entities to present gross obligations for secured borrowings by the type of collateral pledged and remaining time to maturity.
 
As of July 31, 2021, the Fund had loaned securities and received cash collateral for the loans. The cash collateral is invested by the Securities Lending Agent in accordance with approved investment guidelines. Those guidelines require the cash collateral to be invested in readily marketable, high quality, short-term obligations; however, such investments are subject to risk of payment delays or default on the part of the issuer or counterparty or otherwise may not generate sufficient interest to support the costs associated with securities lending. The Fund could also experience delays in recovering its securities and possible loss of income or value if the borrower fails to return the borrowed securities, although the Fund is indemnified from this risk by contract with the Securities Lending Agent.