Amplify Thematic All-Stars ETF
  
Schedule of Investments
  
January 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.6%
  
Shares
    
Value
  
Communication Services - 8.3%
        
Alphabet, Inc. - Class A(a)
    
526
    
$
73,693
  
Baidu, Inc. (a)
    
600
      
7,783
  
Iridium Communications, Inc.
    
179
      
6,491
  
Meta Platforms, Inc. - Class A(a)
    
107
      
41,745
  
Netflix, Inc.(a)
    
22
      
12,410
  
ROBLOX Corp. - Class A(a)
    
804
      
31,203
  
Roku, Inc.(a)
    
200
      
17,612
  
Snap, Inc. - Class A(a)
    
402
      
6,388
  
Tencent Holdings Ltd.
    
294
      
10,177
  
             
207,502
  
                 
Consumer Discretionary - 8.3%
          
Alibaba Group Holding Ltd.
    
1,036
      
9,217
  
Amazon.com, Inc.(a)
    
336
      
52,147
  
Aptiv PLC(a)
    
84
      
6,832
  
DraftKings, Inc. (a)
    
255
      
9,958
  
Lucid Group, Inc.(a)(b)
    
2,283
      
7,717
  
MercadoLibre, Inc.(a)
    
5
      
8,559
  
Rivian Automotive, Inc. - Class A(a)
    
770
      
11,789
  
Tesla, Inc.(a)
    
525
      
98,326
  
             
204,545
  
                 
Financials - 7.0%
          
Adyen NV(a)(c)(d)
    
6
      
7,633
  
Block, Inc.(a)
    
1,020
      
66,310
  
Coinbase Global, Inc. - Class A(a)
    
547
      
70,125
  
PayPal Holdings, Inc.(a)
    
182
      
11,166
  
Robinhood Markets, Inc. - Class A(a)
    
1,255
      
13,479
  
Visa, Inc. - Class A
    
24
      
6,558
  
             
175,271
  
                 
Health Care - 3.0%
          
Agilent Technologies, Inc.
    
45
      
5,855
  
CRISPR Therapeutics AG(a)(b)
    
125
      
7,869
  
Danaher Corp.
    
69
      
16,554
  
Intellia Therapeutics, Inc.(a)
    
222
      
5,288
  
Intuitive Surgical, Inc.(a)
    
61
      
23,070
  
Teladoc Health, Inc.(a)
    
457
      
8,880
  
Waters Corp.(a)
    
21
      
6,672
  
             
74,188
  
                 
Industrials - 7.2%
          
ABB Ltd.
    
425
      
18,178
  
Advanced Drainage Systems, Inc.
    
46
      
5,999
  
AeroVironment, Inc.(a)
    
53
      
6,394
  
Array Technologies, Inc.(a)
    
825
      
10,923
  
Bloom Energy Corp. - Class A(a)(b)
    
713
      
8,071
  
Booz Allen Hamilton Holding Corp.
    
67
      
9,432
  
FANUC Corp.
    
239
      
6,731
  
LG Energy Solution Ltd.(a)
    
23
      
6,566
  
Pentair PLC
    
110
      
8,049
  
Plug Power, Inc.(a)
    
2,901
      
12,909
  
Schneider Electric SE
    
47
      
9,338
  
Shoals Technologies Group, Inc. - Class A(a)
    
1,027
      
13,526
  
Siemens AG
    
37
      
6,699
  
Sunrun, Inc.(a)
    
1,300
      
18,825
  
Tetra Tech, Inc.
    
40
      
6,327
  
Vestas Wind Systems AS(a)
    
503
      
14,416
  
Xylem, Inc./NY
    
160
      
17,990
  
             
180,373
  
                 
Information Technology - 62.7%(e)
          
Adobe, Inc.(a)
    
28
      
17,298
  
Advanced Micro Devices, Inc.(a)
    
353
      
59,195
  
Akamai Technologies, Inc.(a)
    
260
      
32,040
  
Ambarella, Inc.(a)
    
135
      
7,096
  
Analog Devices, Inc.
    
50
      
9,618
  
ANSYS, Inc.(a)
    
22
      
7,212
  
Apple, Inc.
    
147
      
27,107
  
Arista Networks, Inc.(a)
    
40
      
10,347
  
Atlassian Corp. - Class A(a)
    
32
      
7,993
  
Autodesk, Inc.(a)
    
33
      
8,376
  
BlackBerry Ltd.(a)
    
2,088
      
5,892
  
Broadcom, Inc.
    
19
      
22,420
  
Check Point Software Technologies Ltd.(a)
    
108
      
17,164
  
Cisco Systems, Inc.
    
921
      
46,216
  
Cloudflare, Inc. - Class A(a)
    
507
      
40,078
  
Cognex Corp.
    
153
      
5,529
  
Crowdstrike Holdings, Inc. - Class A(a)
    
267
      
78,097
  
CyberArk Software Ltd.(a)
    
79
      
18,445
  
Datadog, Inc. - Class A(a)
    
105
      
13,066
  
Dynatrace, Inc.(a)
    
132
      
7,524
  
Enphase Energy, Inc.(a)
    
510
      
53,106
  
F5, Inc.(a)
    
45
      
8,267
  
First Solar, Inc.(a)
    
365
      
53,400
  
Fortinet, Inc.(a)
    
420
      
27,086
  
Gen Digital, Inc.
    
382
      
8,969
  
HubSpot, Inc.(a)
    
15
      
9,165
  
Infineon Technologies AG
    
205
      
7,514
  
Intel Corp.
    
560
      
24,125
  
International Business Machines Corp.
    
105
      
19,284
  
Itron, Inc.(a)
    
119
      
8,585
  
Juniper Networks, Inc.
    
380
      
14,045
  
Marathon Digital Holdings, Inc.(a)
    
533
      
9,450
  
Microsoft Corp.
    
171
      
67,985
  
MongoDB, Inc.(a)
    
26
      
10,414
  
NVIDIA Corp.
    
263
      
161,815
  
NXP Semiconductors NV
    
48
      
10,107
  
Okta, Inc.(a)
    
298
      
24,630
  
ON Semiconductor Corp.(a)
    
182
      
12,946
  
Oracle Corp.
    
174
      
19,436
  
Palo Alto Networks, Inc.(a)
    
186
      
62,962
  
PTC, Inc.(a)
    
37
      
6,684
  
Pure Storage, Inc. - Class A(a)
    
191
      
7,638
  
QUALCOMM, Inc.
    
217
      
32,227
  
Qualys, Inc.(a)
    
126
      
23,835
  
Rapid7, Inc.(a)
    
201
      
11,061
  
Riot Platforms, Inc.(a)
    
430
      
4,687
  
Roper Technologies, Inc.
    
15
      
8,055
  
Salesforce, Inc.(a)
    
81
      
22,768
  
Samsung SDI Co. Ltd.
    
37
      
10,327
  
SentinelOne, Inc. - Class A(a)
    
1,225
      
32,830
  
ServiceNow, Inc.(a)
    
24
      
18,370
  
Shopify, Inc. - Class A(a)
    
393
      
31,467
  
Snowflake, Inc. - Class A(a)
    
38
      
7,434
  
SolarEdge Technologies, Inc.(a)
    
432
      
28,728
  
Splunk, Inc.(a)
    
57
      
8,742
  
STMicroelectronics NV
    
181
      
8,044
  
Tenable Holdings, Inc.(a)
    
318
      
14,978
  
Teradyne, Inc.
    
101
      
9,756
  
Trend Micro, Inc./Japan(a)
    
145
      
8,436
  
Trimble, Inc.(a)
    
165
      
8,392
  
Twilio, Inc. - Class A(a)
    
433
      
30,453
  
UiPath, Inc. - Class A(a)
    
2,305
      
52,969
  
Unity Software, Inc.(a)
    
893
      
28,933
  
Varonis Systems, Inc.(a)
    
286
      
12,836
  
Workday, Inc. - Class A(a)
    
23
      
6,695
  
Zoom Video Communications, Inc. - Class A(a)
    
315
      
20,352
  
Zscaler, Inc.(a)
    
218
      
51,376
  
             
1,562,077
  
                 
Materials - 1.6%
          
Albemarle Corp.
    
194
      
22,260
  
Ecolab, Inc.
    
84
      
16,650
  
             
38,910
  
Real Estate – 0.3%
                
Equinix, Inc. (f)
    
9
      
7,468
  
                 
Utilities - 1.2%
          
American Water Works Co., Inc.
    
73
      
9,054
  
Ormat Technologies, Inc.
    
128
      
8,279
  
Orsted AS(c)(d)
    
115
      
6,561
  
Sunnova Energy International, Inc.(a)
    
558
      
5,870
  
             
29,764
  
TOTAL COMMON STOCKS (Cost $3,221,097)
      
2,480,098
  
                 
PREFERRED STOCKS - 0.3%
                
Industrials - 0.3%
          
Sociedad Quimica y Minera de Chile SA - Class B
    
190
      
8,215
  
TOTAL PREFERRED STOCKS (Cost $9,128)
      
8,215
  
                 
SHORT-TERM INVESTMENTS - 0.9%
  
Shares
          
Investments Purchased with Proceeds from Securities Lending - 0.9%
                
First American Government Obligations Fund - Class X, 5.25%(g)
    
22,786
      
22,786
  
TOTAL SHORT-TERM INVESTMENTS (Cost $22,786)
      
22,786
  
                 
TOTAL INVESTMENTS - 100.8% (Cost $3,253,011)
      
2,511,099
  
Liabilities in Excess of Other Assets - (0.8)%
      
(19,765
)
TOTAL NET ASSETS - 100.0%
          
$
2,491,334
  

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.
 
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 ratings 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.

PLC - Public Limited Company
SA - Sociedad Anónima

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of January 31, 2024. The total market value of these securities was $21,360 which represented 0.9% of net assets.
(c)
Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of January 31, 2024, the value of these securities total $14,194 or 0.6% of the Fund’s net assets.
(d)
Security is exempt from registration under Regulation S of the Securities Act of 1933. As of January 31, 2024, the value of these securities total $14,194 or 0.6% of net assets.
(e)
To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(f)
Real Estate Investment Trust.
(g)
The rate shown represents the 7-day effective yield as of January 31, 2024.


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 Thematic All-Stars ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
  
$
2,480,098
    
$
–
    
$
–
    
$
2,480,098
  
  Preferred Stocks
    
8,215
      
–
      
–
      
8,215
  
  Money Market Funds
    
22,786
      
–
      
–
      
22,786
  
Total Assets
  
$
2,511,099
    
$
–
    
$
–
    
$
2,511,099
  
                                 
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.

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 January 31, 2024, 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.