Amplify AI Powered Equity ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 98.6%
  
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Value
 
Communication Services - 10.4%
        
Alphabet, Inc. - Class A
    
10,604
    
$
1,868,743
  
Alphabet, Inc. - Class C
    
9,384
      
1,664,628
  
AT&T, Inc.
    
14,089
      
407,736
  
Comcast Corp. - Class A
    
7,258
      
259,038
  
Meta Platforms, Inc. - Class A
    
4,126
      
3,045,359
  
Netflix, Inc. (a)
    
787
      
1,053,895
  
Snap, Inc. - Class A (a)
    
37,059
      
322,043
  
T-Mobile US, Inc.
    
4,175
      
994,735
  
Trade Desk, Inc. - Class A (a)
    
16,594
      
1,194,602
  
Verizon Communications, Inc.
    
8,289
      
358,665
  
Walt Disney Co.
    
3,419
      
423,990
  
             
11,593,434
  
                 
Consumer Discretionary - 10.4%
          
Amazon.com, Inc. (a)
    
17,578
      
3,856,437
  
Best Buy Co., Inc.
    
13,781
      
925,119
  
Booking Holdings, Inc.
    
61
      
353,144
  
Deckers Outdoor Corp. (a)
    
8,672
      
893,823
  
General Motors Co.
    
18,002
      
885,878
  
Home Depot, Inc.
    
1,891
      
693,316
  
Lennar Corporation - Class A
    
2,431
      
268,893
  
Lowe's Cos., Inc.
    
1,073
      
238,067
  
McDonald's Corporation
    
1,439
      
420,433
  
NVR, Inc. (a)
    
93
      
686,866
  
Starbucks Corp.
    
2,157
      
197,646
  
Tesla, Inc. (a)
    
5,744
      
1,824,639
  
TJX Cos., Inc.
    
2,198
      
271,431
  
             
11,515,692
  
                 
Consumer Staples - 5.7%
          
Altria Group, Inc.
    
3,367
      
197,407
  
Clorox Co.
    
1,604
      
192,592
  
Coca-Cola Co.
    
7,530
      
532,748
  
Conagra Brands, Inc.
    
11,381
      
232,969
  
Costco Wholesale Corp.
    
878
      
869,167
  
Kraft Heinz Co.
    
27,031
      
697,940
  
PepsiCo, Inc.
    
2,673
      
352,943
  
Philip Morris International, Inc.
    
3,086
      
562,053
  
Procter & Gamble Co.
    
4,581
      
729,845
  
Target Corp.
    
11,169
      
1,101,822
  
Walmart, Inc.
    
8,556
      
836,606
  
             
6,306,092
  
                 
Energy - 2.7%
          
Chevron Corp.
    
3,170
      
453,912
  
ConocoPhillips
    
2,441
      
219,055
  
Exxon Mobil Corp.
    
8,346
      
899,699
  
Halliburton Co.
    
61,631
      
1,256,040
  
Schlumberger NV
    
6,537
      
220,951
  
             
3,049,657
  
                 
Financials - 12.4%
          
American Express Co.
    
1,044
      
333,015
  
Aon PLC - Class A
    
3,338
      
1,190,865
  
Bank of America Corp.
    
12,735
      
602,620
  
Berkshire Hathaway, Inc. - Class B (a)
    
2,645
      
1,284,862
  
Blackrock, Inc.
    
287
      
301,135
  
Blackstone, Inc.
    
1,334
      
199,540
  
Capital One Financial Corp.
    
1,208
      
257,014
  
Charles Schwab Corp.
    
3,307
      
301,731
  
Chubb, Ltd.
    
730
      
211,496
  
Citigroup, Inc.
    
3,424
      
291,451
  
CME Group, Inc.
    
691
      
190,453
  
Erie Indemnity Co. - Class A
    
807
      
279,859
  
Global Payments, Inc.
    
11,264
      
901,571
  
Goldman Sachs Group, Inc.
    
584
      
413,326
  
Intercontinental Exchange, Inc.
    
1,102
      
202,184
  
JPMorgan Chase & Co.
    
5,322
      
1,542,901
  
Markel Group, Inc. (a)
    
302
      
603,203
  
Marsh & McLennan Cos., Inc.
    
971
      
212,299
  
Mastercard, Inc. - Class A
    
1,598
      
897,980
  
Morgan Stanley
    
2,323
      
327,218
  
Progressive Corp.
    
2,599
      
693,569
  
S&P Global, Inc.
    
617
      
325,338
  
T. Rowe Price Group, Inc.
    
5,791
      
558,831
  
Visa, Inc. - Class A
    
3,388
      
1,202,909
  
Wells Fargo & Co.
    
6,250
      
500,750
  
             
13,826,120
  
                 
Health Care - 10.3%
          
Abbott Laboratories
    
3,457
      
470,187
  
AbbVie, Inc.
    
3,508
      
651,155
  
Amgen, Inc.
    
2,619
      
731,251
  
Boston Scientific Corp. (a)
    
2,812
      
302,037
  
Bristol-Myers Squibb Co.
    
35,272
      
1,632,741
  
Centene Corp. (a)
    
18,663
      
1,013,028
  
Danaher Corporation
    
1,233
      
243,567
  
Eli Lilly and Co.
    
1,658
      
1,292,461
  
Gilead Sciences, Inc.
    
2,350
      
260,544
  
Intuitive Surgical, Inc. (a)
    
681
      
370,062
  
Johnson & Johnson
    
4,690
      
716,397
  
Medtronic PLC
    
2,501
      
218,012
  
Merck & Co., Inc.
    
4,998
      
395,642
  
Pfizer, Inc.
    
11,102
      
269,112
  
Stryker Corp.
    
660
      
261,116
  
Thermo Fisher Scientific, Inc.
    
728
      
295,175
  
UnitedHealth Group, Inc.
    
2,170
      
676,975
  
Vertex Pharmaceuticals, Inc. (a)
    
511
      
227,497
  
Zimmer Biomet Holdings, Inc.
    
7,427
      
677,417
  
Zoetis, Inc.
    
4,611
      
719,085
  
             
11,423,461
  
                 
Industrials - 7.0%
          
Automatic Data Processing, Inc.
    
813
      
250,729
  
Boeing Co. (a)
    
1,314
      
275,323
  
Caterpillar, Inc.
    
911
      
353,659
  
Deere & Co.
    
485
      
246,618
  
Eaton Corp. PLC
    
739
      
263,816
  
Equifax, Inc.
    
2,714
      
703,930
  
FedEx Corp.
    
5,306
      
1,206,107
  
GE Vernova, Inc.
    
522
      
276,216
  
General Electric Co.
    
2,039
      
524,818
  
Honeywell International, Inc.
    
1,241
      
289,004
  
Lockheed Martin Corp.
    
459
      
212,581
  
Old Dominion Freight Line, Inc.
    
5,463
      
886,645
  
RTX Corp.
    
2,552
      
372,643
  
TransUnion
    
6,521
      
573,848
  
Uber Technologies, Inc. (a)
    
3,937
      
367,322
  
Union Pacific Corp.
    
1,149
      
264,362
  
United Parcel Service, Inc. - Class B
    
6,906
      
697,092
  
             
7,764,713
  
                 
Information Technology - 36.8%(b)
          
Accenture PLC - Class A
    
2,838
      
848,250
  
Adobe, Inc. (a)
    
822
      
318,015
  
Advanced Micro Devices, Inc. (a)
    
3,027
      
429,531
  
Akamai Technologies, Inc. (a)
    
8,834
      
704,600
  
Amphenol Corp. - Class A
    
2,281
      
225,249
  
Analog Devices, Inc.
    
956
      
227,547
  
Ansys, Inc. (a)
    
2,113
      
742,128
  
Apple, Inc.
    
28,392
      
5,825,187
  
Applied Materials, Inc.
    
1,554
      
284,491
  
AppLovin Corp. - Class A (a)
    
4,935
      
1,727,645
  
Arista Networks, Inc. (a)
    
1,929
      
197,356
  
Bentley Systems, Inc. - Class B
    
9,804
      
529,122
  
Broadcom, Inc.
    
8,797
      
2,424,893
  
Cisco Systems, Inc.
    
7,669
      
532,075
  
Crowdstrike Holdings, Inc. - Class A (a)
    
461
      
234,792
  
Datadog, Inc. - Class A (a)
    
6,612
      
888,190
  
Fair Isaac Corp. (a)
    
650
      
1,188,174
  
GLOBALFOUNDRIES, Inc. (a)
    
6,412
      
244,938
  
GoDaddy, Inc. - Class A (a)
    
5,850
      
1,053,351
  
HP, Inc.
    
39,102
      
956,435
  
Intel Corp.
    
8,447
      
189,213
  
International Business Machines Corp.
    
1,832
      
540,037
  
Intuit, Inc.
    
518
      
407,992
  
KLA Corp.
    
259
      
231,997
  
Lam Research Corp.
    
2,457
      
239,164
  
Micron Technology, Inc.
    
2,228
      
274,601
  
Microsoft Corp.
    
14,126
      
7,026,414
  
MongoDB, Inc. (a)
    
4,871
      
1,022,861
  
NVIDIA Corp.
    
43,175
      
6,821,218
  
Oracle Corp.
    
3,262
      
713,171
  
Palantir Technologies, Inc. - Class A (a)
    
4,455
      
607,306
  
Palo Alto Networks, Inc. (a)
    
1,285
      
262,962
  
Pure Storage, Inc. - Class A (a)
    
5,923
      
341,046
  
Qualcomm, Inc.
    
2,115
      
336,835
  
Salesforce, Inc.
    
1,803
      
491,660
  
Samsara, Inc. - Class A (a)
    
17,908
      
712,380
  
ServiceNow, Inc. (a)
    
391
      
401,979
  
Synopsys, Inc. (a)
    
723
      
370,668
  
Texas Instruments, Inc.
    
1,756
      
364,581
  
             
40,938,054
  
                 
Materials - 1.3%
          
Linde PLC
    
919
      
431,176
  
Sherwin-Williams Co.
    
3,049
      
1,046,905
  
             
1,478,081
  
                 
Utilities - 1.6%
          
Constellation Energy Corp.
    
611
      
197,206
  
Edison International
    
15,906
      
820,750
  
NextEra Energy, Inc.
    
7,871
      
546,405
  
Southern Co.
    
2,133
      
195,873
  
             
1,760,234
  
TOTAL COMMON STOCKS (Cost $103,528,189)
      
109,655,538
  
                 
REAL ESTATE INVESTMENT TRUSTS - COMMON - 1.4%
  
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Value
 
Real Estate - 1.4%
          
American Tower Corp.
    
937
      
207,096
  
Prologis, Inc.
    
10,136
      
1,065,496
  
Welltower, Inc.
    
1,267
      
194,776
  
             
1,467,368
  
TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $1,456,055)
      
1,467,368
  
                 
SHORT-TERM INVESTMENTS - 0.1%
          
Value
 
Money Market Funds - 0.1%
  
Shares
          
Invesco Government & Agency Portfolio - Institutional Class, 4.26% (c)
    
160,270
      
160,270
  
TOTAL SHORT-TERM INVESTMENTS (Cost $160,270)
      
160,270
  
                 
TOTAL INVESTMENTS - 100.1% (Cost $105,144,514)
      
111,283,176
  
Liabilities in Excess of Other Assets - (0.1)%
      
(85,520
)
TOTAL NET ASSETS - 100.0%
          
$
111,197,656
  
two
      
–
%
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. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
  

PLC - Public Limited Company

(a)
Non-income producing security.
(b)
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.
(c)
The rate shown represents the 7-day annualized effective yield as of June 30, 2025.


Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
 
Amplify AI Powered Equity ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of June 30, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
    
109,655,538
      
–
      
–
      
109,655,538
  
  Real Estate Investment Trusts - Common
    
1,467,368
      
–
      
–
      
1,467,368
  
  Money Market Funds
    
160,270
      
–
      
–
      
160,270
  
Total Investments
    
111,283,176
      
–
      
–
      
111,283,176
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.