Amplify CWP Enhanced Dividend Income ETF
  
Schedule of Investments
  
January 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 91.5%
  
Shares
    
Value
  
Communication Services - 2.4%
        
Verizon Communications, Inc.
    
1,706,068
    
$
72,251,980
  
                 
Consumer Discretionary - 10.1%
          
Home Depot, Inc.(a)
    
438,751
      
154,861,553
  
McDonald's Corp.
    
505,490
      
147,967,033
  
             
302,828,586
  
                 
Consumer Staples - 12.5%
          
Coca-Cola Co.
    
1,035,131
      
61,579,943
  
Procter & Gamble Co.
    
999,134
      
157,003,917
  
Walmart, Inc.
    
948,775
      
156,785,069
  
             
375,368,929
  
                 
Energy - 7.6%
          
Chevron Corp.
    
970,671
      
143,106,026
  
ConocoPhillips
    
480,821
      
53,789,445
  
Marathon Petroleum Corp.
    
180,300
      
29,857,680
  
             
226,753,151
  
                 
Financials - 17.9%
          
CME Group, Inc.
    
415,150
      
85,454,476
  
Goldman Sachs Group, Inc.(a)
    
372,354
      
142,987,660
  
JPMorgan Chase & Co.(a)
    
853,391
      
148,797,255
  
Visa, Inc. - Class A
    
590,305
      
161,306,743
  
             
538,546,134
  
                 
Health Care - 11.7%
          
Johnson & Johnson
    
565,660
      
89,883,374
  
Merck & Co., Inc.
    
853,153
      
103,043,819
  
UnitedHealth Group, Inc.
    
307,851
      
157,539,671
  
             
350,466,864
  
                 
Industrials - 8.0%
          
Caterpillar, Inc.
    
395,530
      
118,781,614
  
Deere & Co.
    
227,165
      
89,407,601
  
Waste Management, Inc.
    
165,340
      
30,692,064
  
             
238,881,279
  
                 
Information Technology - 15.9%
          
Apple, Inc.
    
320,228
      
59,050,043
  
Broadcom, Inc.(a)
    
90,963
      
107,336,340
  
Cisco Systems, Inc.(a)
    
1,593,859
      
79,979,845
  
International Business Machines Corp.(a)
    
359,130
      
65,957,816
  
Microsoft Corp.(a)
    
413,137
      
164,255,008
  
             
476,579,052
  
                 
Materials - 3.3%
          
Agnico Eagle Mines Ltd.
    
856,294
      
42,095,413
  
Freeport-McMoRan, Inc.
    
1,450,245
      
57,560,224
  
             
99,655,637
  
                 
Utilities - 2.1%
          
Duke Energy Corp.
    
641,117
      
61,438,242
  
TOTAL COMMON STOCKS (Cost $2,466,563,834)
      
2,742,769,854
  
                 
AFFILIATED EXCHANGE TRADED FUNDS - 3.3%
                
Amplify Samsung SOFR ETF(b)
    
983,004
      
98,560,896
  
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $98,654,573)
      
98,560,896
  
                 
 SHORT-TERM INVESTMENTS - 6.2%
                
Money Market Funds – 6.2%
                
Invesco Government & Agency Portfolio – Institutional Class - 5.25%(c)
    
186,568,604
      
186,568,604
  
TOTAL SHORT-TERM INVESTMENTS (Cost $186,568,604)
      
186,568,604
  
                 
TOTAL INVESTMENTS - 101.0% (Cost $2,751,787,011)
      
3,027,899,354
  
Liabilities in Excess of Other Assets - (1.0)%
      
(31,786,273
)
TOTAL NET ASSETS - 100.0%
          
$
2,996,113,081
  

Percentages are stated as a percent 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.

(a)
All or portion of this security is held as collateral for the options written. At January 31, 2024, the value of these securities amounted to $3,966,247 or 0.1% of net assets.
(b)
Affiliated company as defined by the Investment Company Act of 1940.
(c)
The rate shown represents the 7-day effective yield as of January 31, 2024.
 


Amplify CWP Enhanced Dividend Income ETF
  
Schedule of Options Written
  
January 31, 2024 (Unaudited)
  
   
CALL OPTIONS WRITTEN - (0.1)% (a)(b)
  
Notional Amount
    
Contracts
    
Value
  
Broadcom, Inc., Expiration: 02/16/2024; Exercise Price: $1,230.00
  
$
(18,880,000
)
    
160
    
$
(187,200
)
Cisco Systems, Inc., Expiration: 02/16/2024; Exercise Price: $52.50
    
(45,162,000
)
    
9,000
      
(468,000
)
Goldman Sachs Group, Inc., Expiration: 02/16/2024; Exercise Price: $400.00
    
(30,720,800
)
    
800
      
(154,400
)
Home Depot, Inc., Expiration: 02/16/2024; Exercise Price: $380.00
    
(35,296,000
)
    
1,000
      
(29,500
)
International Business Machines Corp., Expiration: 02/16/2024; Exercise Price: $210.00
    
(18,366,000
)
    
1,000
      
(6,000
)
JPMorgan Chase & Co., Expiration: 02/16/2024; Exercise Price: $170.00
    
(87,180,000
)
    
5,000
      
(2,837,500
)
Microsoft Corp.
    
0
      
0
      
–
  
Expiration: 02/02/2024; Exercise Price: $425.00
    
(157,044,100
)
    
3,950
      
(23,700
)
Expiration: 02/16/2024; Exercise Price: $405.00
    
(3,975,800
)
    
100
      
(45,750
)
TOTAL OPTIONS WRITTEN (Premiums received $3,121,982)
                  
$
(3,752,050
)

(a)
Exchange-traded.
(b)
100 shares per contract.

Security Name
  
Value at
October 31, 2023
    
Purchases
    
Sales
    
Net Realized
Gain (Losses)
    
Net Change in Unrealized Appreciation (Depreciation)
    
Dividend
Income
    
Value at
January 31, 2024
    
Ending Shares
  
Amplify Samsung SOFR ETF
    
-
      
100,603,935
      
(1,951,969
)
    
2,607
      
(93,677
)
    
931,477
      
98,560,896
      
983,004
  
   
$
-
    
$
100,603,935
    
$
(1,951,969
)
  
$
2,607
    
$
(93,677
)
  
$
931,477
    
$
98,560,896
      
983,004
  
                                                                 


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 January 31, 2024 maximized the use of observable inputs and minimized the use of unobservable inputs.

For the period ended January 31, 2024, there have been no significant changes to the Funds’ 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 at 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 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. Futures contracts will be valued at the settlement price. If there is no current 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 there is 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 Funds’ Board of Trustees (the “Board”).

The following is a summary of the fair valuations according to the inputs used to value the Funds’ investments as of January 31, 2024:

Amplify CWP Enhanced Dividend Income ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
  
$
2,742,769,854
    
$
–
    
$
–
    
$
2,742,769,854
  
  Affiliated Exchange Traded Funds
    
98,560,896
      
–
      
–
      
98,560,896
  
  Money Market Funds
    
186,568,604
      
–
      
–
      
186,568,604
  
Total Assets
  
$
3,027,899,354
    
$
–
    
$
–
    
$
3,027,899,354
  
                                 
Liabilities:
                                
  Options Written
    
–
      
(3,752,050
)
    
–
      
(3,752,050
)
Total Liabilities
  
$
–
    
$
(3,752,050
)
  
$
–
    
$
(3,752,050
)
                                 
Refer to the Schedule of Investments for industry classifications.
  
   
For the period ended January 31, 2024, there were no transfers into or out of Level 3 for the Fund.