Amplify AI Powered Equity ETF
  
Schedule of Investments
  
as of June 30, 2024 (Unaudited)
  
   
COMMON STOCKS - 95.5%
  
Shares
    
Value
  
Communication Services - 3.8%
        
Alphabet, Inc. - Class A
    
21,697
    
$
3,952,109
  
                 
Consumer Discretionary - 0.5%
          
Asbury Automotive Group, Inc.(a)
    
2,176
      
495,845
  
                 
Consumer Discretionary - 14.5%
          
Abercrombie & Fitch Co. - Class A(a)
    
9,551
      
1,698,550
  
Academy Sports & Outdoors, Inc.
    
11,258
      
599,488
  
Advance Auto Parts, Inc.
    
11,246
      
712,209
  
American Eagle Outfitters, Inc.
    
44,652
      
891,254
  
Aramark
    
14,752
      
501,863
  
AutoNation, Inc.(a)
    
3,970
      
632,738
  
Brunswick Corp./DE
    
7,344
      
534,423
  
Chipotle Mexican Grill, Inc.(a)
    
8,935
      
559,778
  
DraftKings, Inc. - Class A(a)
    
3,345
      
127,679
  
eBay, Inc.
    
4,254
      
228,525
  
Garmin Ltd.
    
680
      
110,786
  
PulteGroup, Inc.
    
1,628
      
179,243
  
Ralph Lauren Corp.
    
840
      
147,050
  
Royal Caribbean Cruises Ltd.(a)
    
1,003
      
159,908
  
Tesla, Inc.(a)
    
39,543
      
7,824,769
  
Toll Brothers, Inc.
    
941
      
108,384
  
Yum! Brands, Inc.
    
1,993
      
263,993
  
             
15,280,640
  
                 
Consumer Staples - 14.9%
          
BJ's Wholesale Club Holdings, Inc.(a)
    
2,548
      
223,816
  
Celsius Holdings, Inc.(a)
    
21,995
      
1,255,695
  
Costco Wholesale Corp.
    
5,565
      
4,730,194
  
Estee Lauder Cos., Inc. - Class A
    
1,476
      
157,047
  
Lamb Weston Holdings, Inc.
    
1,513
      
127,213
  
PepsiCo, Inc.
    
19,644
      
3,239,885
  
Procter & Gamble Co.
    
26,834
      
4,425,463
  
Target Corp.
    
9,709
      
1,437,320
  
             
15,596,633
  
                 
Energy - 1.5%
          
Antero Midstream Corp.
    
18,944
      
279,234
  
ChampionX Corp.
    
10,973
      
364,413
  
Devon Energy Corp.
    
5,849
      
277,243
  
EQT Corp.
    
5,696
      
210,638
  
Equitrans Midstream Corp.
    
16,461
      
213,664
  
Williams Cos., Inc.
    
6,022
      
255,935
  
             
1,601,127
  
                 
Financials - 2.4%
          
Affiliated Managers Group, Inc.
    
2,810
      
439,006
  
Affirm Holdings, Inc.(a)
    
23,770
      
718,092
  
Assurant, Inc.
    
3,286
      
546,297
  
Axis Capital Holdings Ltd.
    
4,926
      
348,022
  
PayPal Holdings, Inc.(a)
    
5,960
      
345,859
  
Robinhood Markets, Inc. - Class A(a)
    
6,110
      
138,758
  
             
2,536,034
  
                 
Health Care - 7.6%
          
Acadia Healthcare Co., Inc.(a)
    
4,065
      
274,550
  
Agilent Technologies, Inc.
    
2,413
      
312,797
  
Alkermes PLC(a)
    
17,954
      
432,691
  
Apellis Pharmaceuticals, Inc.(a)
    
10,138
      
388,894
  
Bruker Corp.
    
3,004
      
191,685
  
Catalent, Inc.(a)
    
14,744
      
829,055
  
Charles River Laboratories International, Inc.(a)
    
374
      
77,261
  
Eli Lilly and Co.
    
3,367
      
3,048,415
  
Molina Healthcare, Inc.(a)
    
459
      
136,461
  
Natera, Inc.(a)
    
649
      
70,280
  
ResMed, Inc.
    
944
      
180,701
  
Tenet Healthcare Corp.(a)
    
773
      
102,832
  
UnitedHealth Group, Inc.
    
3,603
      
1,834,864
  
Veeva Systems, Inc. - Class A(a)
    
709
      
129,754
  
             
8,010,240
  
                 
Industrials - 10.1%
          
AAON, Inc.
    
4,466
      
389,614
  
Acuity Brands, Inc.
    
2,921
      
705,246
  
AeroVironment, Inc.(a)
    
2,908
      
529,721
  
AGCO Corp.
    
7,528
      
736,841
  
Air Lease Corp.
    
5,419
      
257,565
  
Alaska Air Group, Inc.(a)
    
14,947
      
603,859
  
Allison Transmission Holdings, Inc.
    
4,031
      
305,953
  
American Airlines Group, Inc.(a)
    
135,999
      
1,540,869
  
API Group Corp.(a)
    
16,057
      
604,225
  
Applied Industrial Technologies, Inc.
    
2,429
      
471,226
  
Armstrong World Industries, Inc.
    
2,960
      
335,190
  
Atkore, Inc.
    
4,498
      
606,915
  
Axon Enterprise, Inc.(a)
    
356
      
104,749
  
AZEK Co., Inc.(a)
    
15,071
      
634,941
  
Beacon Roofing Supply, Inc.(a)
    
5,892
      
533,226
  
Boise Cascade Co.
    
3,847
      
458,639
  
Comfort Systems USA, Inc.
    
271
      
82,417
  
Eaton Corp. PLC
    
1,353
      
424,233
  
EMCOR Group, Inc.
    
823
      
300,461
  
JB Hunt Transport Services, Inc.
    
5,851
      
936,160
  
Woodward, Inc.
    
407
      
70,976
  
             
10,633,026
  
                 
Information Technology - 30.5%(b)
          
Advanced Micro Devices, Inc.(a)
    
40,909
      
6,635,849
  
Altair Engineering, Inc. - Class A(a)
    
11,935
      
1,170,585
  
Appfolio, Inc. - Class A(a)
    
1,329
      
325,034
  
Apple, Inc.
    
19,207
      
4,045,378
  
AppLovin Corp. - Class A(a)
    
2,374
      
197,564
  
Arrow Electronics, Inc.(a)
    
7,477
      
902,923
  
ASGN, Inc.(a)
    
3,832
      
337,867
  
Atlassian Corp. - Class A(a)
    
11,561
      
2,044,910
  
Avnet, Inc.
    
7,277
      
374,693
  
Axcelis Technologies, Inc.(a)
    
3,681
      
523,401
  
Cloudflare, Inc. - Class A(a)
    
1,874
      
155,223
  
Dell Technologies, Inc. - Class C
    
2,089
      
288,094
  
Elastic NV(a)
    
646
      
73,586
  
First Solar, Inc.(a)
    
1,278
      
288,138
  
HP, Inc.
    
8,183
      
286,569
  
Lattice Semiconductor Corp.(a)
    
2,461
      
142,713
  
Marvell Technology, Inc.
    
7,459
      
521,384
  
MicroStrategy, Inc. - Class A(a)
    
278
      
382,939
  
MongoDB, Inc.(a)
    
624
      
155,975
  
NetApp, Inc.
    
1,936
      
249,357
  
NVIDIA Corp.
    
50,754
      
6,270,149
  
Salesforce, Inc.
    
9,924
      
2,551,460
  
Snowflake, Inc. - Class A(a)
    
25,484
      
3,442,634
  
Twilio, Inc. - Class A(a)
    
1,900
      
107,939
  
Workday, Inc. - Class A(a)
    
1,792
      
400,620
  
Zoom Video Communications, Inc. - Class A(a)
    
2,592
      
153,420
  
             
32,028,404
  
                 
Materials - 7.1%
          
Albemarle Corp.
    
1,671
      
159,614
  
Alcoa Corp.
    
34,998
      
1,392,220
  
AptarGroup, Inc.
    
2,791
      
393,001
  
Ashland, Inc.
    
3,151
      
297,738
  
ATI, Inc.(a)
    
12,316
      
682,922
  
Axalta Coating Systems, Ltd.(a)
    
16,393
      
560,149
  
Balchem Corp.
    
1,244
      
191,514
  
Berry Global Group, Inc.
    
14,347
      
844,321
  
DuPont de Nemours, Inc.
    
29,890
      
2,405,846
  
LyondellBasell Industries NV - Class A
    
1,824
      
174,484
  
United States Steel Corp.
    
10,383
      
392,477
  
             
7,494,286
  
                 
Utilities - 2.6%
          
Constellation Energy Corp.
    
13,540
      
2,711,656
  
TOTAL COMMON STOCKS (Cost $100,283,673)
      
100,340,000
  
                 
REAL ESTATE INVESTMENT TRUSTS - 4.6%
                
AGNC Investment Corp.
    
36,007
      
343,507
  
Agree Realty Corp.
    
6,931
      
429,306
  
Equinix, Inc.
    
5,472
      
4,140,115
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $4,913,459)
      
4,912,928
  
                 
SHORT-TERM INVESTMENTS - 1.1%
                
Investments Purchased with Proceeds from Securities Lending - 1.0%
                
First American Government Obligations Fund - Class X, 4.65%(c)
    
1,000,691
      
1,000,691
  
                 
Money Market Funds - 0.1%
                
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(c)
    
105,324
      
105,324
  
TOTAL SHORT-TERM INVESTMENTS (Cost $1,106,015)
      
1,106,015
  
                 
TOTAL INVESTMENTS - 101.2% (Cost $106,303,147)
    
$
106,358,943
  
Liabilities in Excess of Other Assets - (1.2)%
      
(1,304,510
)
TOTAL NET ASSETS - 100.0%
          
$
105,054,433
  
               
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.
  

NV - Naamloze Vennootschap
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 effective yield as of June 30, 2024.


Summary of Fair Value Disclosure as of June 30, 2024 (Unaudited)
 
Amplify AI Powered Equity ETF has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be 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, 2024:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
    
100,340,000
      
–
      
–
      
100,340,000
  
  Real Estate Investment Trusts
    
4,912,928
      
–
      
–
      
4,912,928
  
  Investments Purchased with Proceeds from Securities Lending
    
1,000,691
      
–
      
–
      
1,000,691
  
  Money Market Funds
    
105,324
      
–
      
–
      
105,324
  
Total Investments
    
106,358,943
      
–
      
–
      
106,358,943
  
   
Refer to the Schedule of Investments for additional information.
  

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 June 30, 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.