Amplify CWP Enhanced Dividend Income ETF
 
Schedule of Investments
 
July 31, 2023 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 87.4%
           
Communication Services - 1.7%
           
Verizon Communications, Inc.
   
1,443,146
   
$
49,182,416
 
Consumer Discretionary - 10.3%
               
Home Depot, Inc. (a)
   
371,485
     
124,016,552
 
McDonald's Corp.
   
503,618
     
147,660,798
 
Starbucks Corp. (a)
   
322,192
     
32,725,041
 
             
304,402,391
 
Consumer Staples - 12.8%
               
Coca-Cola Co.
   
934,602
     
57,879,902
 
General Mills, Inc.
   
1,052,879
     
78,692,176
 
Procter & Gamble Co.
   
995,432
     
155,586,022
 
Walmart, Inc.
   
553,238
     
88,440,627
 
             
380,598,727
 
Energy - 9.5%
               
Chevron Corp.
   
924,850
     
151,360,951
 
Marathon Petroleum Corp. (a)
   
484,472
     
64,444,465
 
Schlumberger NV
   
1,167,354
     
68,103,433
 
             
283,908,849
 
Financials - 15.1%
               
Goldman Sachs Group, Inc. (a)
   
403,380
     
143,550,841
 
JPMorgan Chase & Co.
   
936,758
     
147,970,294
 
Visa, Inc. - Class A
   
661,566
     
157,274,085
 
             
448,795,220
 
Health Care - 13.8%
               
Johnson & Johnson
   
739,929
     
123,960,305
 
Merck & Co., Inc.
   
1,216,212
     
129,709,010
 
UnitedHealth Group, Inc. (a)
   
306,711
     
155,309,249
 
             
408,978,564
 
Industrials - 10.3%
               
Deere & Co. (a)
   
226,325
     
97,229,220
 
Lockheed Martin Corp. (a)
   
186,860
     
83,408,698
 
United Parcel Service, Inc. - Class B (a)
   
664,056
     
124,264,799
 
             
304,902,717
 
Information Technology - 9.9%
               
Apple, Inc. (a)
   
692,351
     
136,012,354
 
Microsoft Corp.
   
466,087
     
156,567,945
 
             
292,580,299
 
Materials - 1.0%
               
Freeport-McMoRan, Inc.
   
702,130
     
31,350,105
 
Utilities - 3.0%
               
Duke Energy Corp. (a)
   
939,610
     
87,966,288
 
Total Common Stocks (Cost $2,360,171,865)
           
2,592,665,576
 
                 
MONEY MARKET FUNDS - 12.7%
               
Invesco Government & Agency Portfolio - Institutional Class - 5.10% (b)
   
377,097,206
     
377,097,206
 
Total Money Market Funds (Cost $377,097,206)
           
377,097,206
 
Total Investments - 100.1%
               
(Cost $2,737,269,071)
         
$
2,969,762,782
 

Percentages are based on Net Assets of $2,967,495,322.
(a)
All or portion of this security is held as collateral for the options written. At July 31, 2023, the value of these securities amounted to $451,244,750 or 15.2% of net assets.
(b)
Seven-day yield as of July 31, 2023.
                   
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC ("S&P").  GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by the Fund's Administrator, U.S. Bank Global Fund Services.

Schedule of Options Written
 
July 31, 2023 (Unaudited)
 
                   
   
Contracts
   
Notional Amount
   
Value
 
Call Options Written (a) - (0.2)%
                 
Apple, Inc., Expires 8/04/2023, Strike Price $200.00
   
6,000
   
$
(117,870,000
)
 
$
(1,149,000
)
Deere & Co., Expires 8/18/2023, Strike Price $490.00
   
600
     
(25,776,000
)
   
(24,900
)
Duke Energy Corp., Expires 8/18/2023, Strike Price $95.00
   
1,200
     
(11,234,400
)
   
(99,000
)
Goldman Sachs Group, Inc., Expires 8/18/2023, Strike Price $370.00
   
1,500
     
(53,380,500
)
   
(216,750
)
Home Depot, Inc., Expires 8/18/2023, Strike Price $350.00
   
1,000
     
(33,384,000
)
   
(199,500
)
Lockheed Martin Corp., Expires 8/04/2023, Strike Price $500.00
   
350
     
(15,622,950
)
   
(2,625
)
Marathon Petroleum Corp., Expires 8/18/2023, Strike Price $132.00
   
4,000
     
(53,208,000
)
   
(1,550,000
)
Starbucks Corp., Expires 8/04/2023, Strike Price $101.00
   
3,000
     
(30,471,000
)
   
(915,000
)
United Parcel Service, Inc., Expires 8/18/2023, Strike Price $195.00
   
4,000
     
(74,852,000
)
   
(864,000
)
UnitedHealth Group, Inc., Expires 8/18/2023, Strike Price $540.00
   
700
     
(35,445,900
)
   
(39,550
)
Total Call Options Written
                       
(Premiums Received $5,083,466)
                 
$
(5,060,325
)
 
                         
(a)  Exchange Traded.
                       


 
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 year/period ended July 31, 2023 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended July 31, 2023, 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. Deposit accounts are valued at acquisition cost, which approximates fair value. 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 trade price.
 
The Trust's valuation procedures provide for the designation of the Adviser as "Valuation Designee". 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 Valuation Designee, pursuant to procedures established by 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, 2023:
                     
 
Category
                 
 
Investments in Securities
                 
 
Assets
                 
 
Level 1
                 
 
   Common Stocks
 
 $             2,592,665,576
             
 
   Money Market Deposit Accounts
 
         377,097,206
             
 
Total Level 1
 
      2,969,762,782
             
 
Level 2
 
                         -
             
 
Total Level 2
 
                         -
             
 
Level 3
 
                         -
             
 
Total Level 3
 
                         -
             
 
Total
 
 $             2,969,762,782
             
 
Other Financial Instruments(a)
                 
 
Liabilities
                 
 
Level 1
                 
 
   Options Written
 
 $                    5,060,325
             
 
Total Level 1
 
             5,060,325
             
 
Level 2
                 
 
Total Level 2
 
                           -
             
 
Level 3
 
                         -
             
 
Total Level 3
 
                         -
             
 
Total
 
 $                    5,060,325
             
                     
 
(a) Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as written options, which are reflected at value.
                     
See the Schedule of Investments for further disaggregation of investment categories.
                     
For the period ended July 31, 2023, there were no transfers into or out of Level 3 for the Fund.