Amplify AI Powered Equity ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 98.3%
  
Shares
    
Value
 
Communication Services - 7.2%
        
Alphabet, Inc. - Class A
    
11,127
    
$
2,106,341
  
AT&T, Inc.
    
22,304
      
507,862
  
Comcast Corp. - Class A
    
13,545
      
508,344
  
Meta Platforms, Inc. - Class A
    
3,639
      
2,130,671
  
Netflix, Inc. (a)
    
914
      
814,666
  
T-Mobile US, Inc.
    
3,049
      
673,006
  
Verizon Communications, Inc.
    
13,735
      
549,263
  
Walt Disney Co.
    
5,448
      
606,635
  
             
7,896,788
  
                 
Consumer Discretionary - 12.5%
          
Airbnb, Inc. - Class A (a)
    
2,769
      
363,874
  
Amazon.com, Inc. (a)
    
17,023
      
3,734,676
  
Booking Holdings, Inc.
    
111
      
551,495
  
Deckers Outdoor Corp. (a)
    
1,396
      
283,514
  
DR Horton, Inc.
    
2,207
      
308,583
  
General Motors Co.
    
6,091
      
324,468
  
Home Depot, Inc.
    
2,251
      
875,616
  
Lowe's Cos., Inc.
    
2,081
      
513,591
  
McDonald's Corporation
    
2,111
      
611,958
  
Nike, Inc. - Class B
    
5,554
      
420,271
  
O'Reilly Automotive, Inc. (a)
    
269
      
318,980
  
Ross Stores, Inc.
    
2,073
      
313,583
  
Starbucks Corp.
    
5,044
      
460,265
  
Tapestry, Inc.
    
5,810
      
379,567
  
Tesla, Inc. (a)
    
7,460
      
3,012,646
  
TJX Cos., Inc.
    
4,221
      
509,939
  
Ulta Beauty, Inc. (a)
    
687
      
298,797
  
Williams-Sonoma, Inc.
    
2,619
      
484,986
  
             
13,766,809
  
                 
Consumer Staples - 5.9%
          
Altria Group, Inc.
    
7,407
      
387,312
  
Coca-Cola Co.
    
11,054
      
688,222
  
Colgate-Palmolive Co.
    
3,637
      
330,640
  
Costco Wholesale Corp.
    
974
      
892,447
  
Mondelez International, Inc. - Class A
    
7,668
      
458,010
  
PepsiCo, Inc.
    
4,009
      
609,608
  
Philip Morris International, Inc.
    
5,167
      
621,848
  
Procter & Gamble Co.
    
5,172
      
867,086
  
Target Corp.
    
2,381
      
321,864
  
Walmart, Inc.
    
14,803
      
1,337,451
  
             
6,514,488
  
                 
Energy - 3.7%
          
Chevron Corp.
    
4,729
      
684,948
  
ConocoPhillips
    
5,212
      
516,874
  
EOG Resources, Inc.
    
2,633
      
322,753
  
Exxon Mobil Corp.
    
8,992
      
967,269
  
Marathon Petroleum Corp.
    
2,535
      
353,632
  
Occidental Petroleum Corp.
    
6,155
      
304,119
  
Targa Resources Corp.
    
1,707
      
304,700
  
Valero Energy Corp.
    
2,257
      
276,686
  
Williams Cos., Inc.
    
6,134
      
331,972
  
             
4,062,953
  
                 
Financials - 13.7%
          
American Express Co.
    
2,127
      
631,272
  
Apollo Global Management, Inc.
    
2,769
      
457,328
  
Arthur J Gallagher & Co.
    
1,437
      
407,892
  
Bank of America Corp.
    
17,499
      
769,081
  
Berkshire Hathaway, Inc. - Class B (a)
    
2,556
      
1,158,584
  
Blackstone, Inc.
    
2,667
      
459,844
  
Block, Inc. (a)
    
3,984
      
338,600
  
Charles Schwab Corp.
    
6,394
      
473,220
  
Chubb, Ltd.
    
1,402
      
387,373
  
Citigroup, Inc.
    
7,268
      
511,595
  
CME Group, Inc.
    
1,675
      
388,985
  
Coinbase Global, Inc. - Class A (a)
    
3,374
      
837,764
  
Fiserv, Inc. (a)
    
2,431
      
499,376
  
Goldman Sachs Group, Inc.
    
964
      
552,006
  
Intercontinental Exchange, Inc.
    
2,350
      
350,173
  
JPMorgan Chase & Co.
    
5,316
      
1,274,298
  
KKR & Co., Inc.
    
3,084
      
456,154
  
MasterCard, Inc. - Class A
    
1,897
      
998,903
  
Morgan Stanley
    
4,794
      
602,702
  
PayPal Holdings, Inc. (a)
    
4,373
      
373,236
  
Progressive Corp.
    
2,218
      
531,455
  
Robinhood Markets, Inc. - Class A (a)
    
10,037
      
373,979
  
S&P Global, Inc.
    
1,057
      
526,418
  
Visa, Inc. - Class A
    
3,449
      
1,090,022
  
Wells Fargo & Co.
    
9,343
      
656,252
  
             
15,106,512
  
                 
Health Care - 10.6%
          
Abbott Laboratories
    
5,076
      
574,146
  
AbbVie, Inc.
    
4,360
      
774,772
  
Amgen, Inc.
    
2,006
      
522,844
  
Boston Scientific Corp. (a)
    
5,085
      
454,192
  
Bristol-Myers Squibb Co.
    
8,424
      
476,462
  
Cigna Group
    
1,309
      
361,467
  
Danaher Corporation
    
2,418
      
555,052
  
Elevance Health, Inc.
    
1,037
      
382,549
  
Eli Lilly and Co.
    
1,775
      
1,370,300
  
Gilead Sciences, Inc.
    
5,251
      
485,035
  
Intuitive Surgical, Inc. (a)
    
1,140
      
595,034
  
Johnson & Johnson
    
5,553
      
803,075
  
Medtronic PLC
    
4,635
      
370,244
  
Merck & Co., Inc.
    
6,561
      
652,688
  
Pfizer, Inc.
    
20,207
      
536,092
  
Regeneron Pharmaceuticals, Inc. (a)
    
533
      
379,672
  
Stryker Corp.
    
1,217
      
438,181
  
Thermo Fisher Scientific, Inc.
    
1,159
      
602,947
  
UnitedHealth Group, Inc.
    
1,837
      
929,265
  
Vertex Pharmaceuticals, Inc. (a)
    
1,172
      
471,964
  
             
11,735,981
  
                 
Industrials - 8.4%
          
Automatic Data Processing, Inc.
    
1,642
      
480,663
  
Axon Enterprise, Inc. (a)
    
1,450
      
861,764
  
Boeing Co. (a)
    
4,925
      
871,725
  
Caterpillar, Inc.
    
1,575
      
571,347
  
Cintas Corp.
    
2,278
      
416,191
  
Deere & Co.
    
958
      
405,904
  
Delta Air Lines, Inc.
    
4,590
      
277,695
  
Eaton Corp. PLC
    
1,372
      
455,326
  
GE Vernova, Inc.
    
1,351
      
444,384
  
General Electric Co.
    
3,459
      
576,927
  
Honeywell International, Inc.
    
2,372
      
535,811
  
Lennox International, Inc.
    
546
      
332,678
  
Lockheed Martin Corp.
    
930
      
451,924
  
RTX Corp.
    
4,416
      
511,019
  
Trane Technologies PLC
    
975
      
360,116
  
Uber Technologies, Inc. (a)
    
8,377
      
505,301
  
Union Pacific Corp.
    
2,163
      
493,250
  
United Airlines Holdings, Inc. (a)
    
2,936
      
285,086
  
United Parcel Service, Inc. - Class B
    
3,687
      
464,931
  
             
9,302,042
  
                 
Information Technology - 34.6%(b)
          
Accenture PLC - Class A
    
1,814
      
638,147
  
Adobe Systems, Inc. (a)
    
1,336
      
594,092
  
Advanced Micro Devices, Inc. (a)
    
4,849
      
585,711
  
Amphenol Corp. - Class A
    
5,175
      
359,404
  
Analog Devices, Inc.
    
2,197
      
466,775
  
Apple, Inc.
    
22,745
      
5,695,803
  
Applied Materials, Inc.
    
3,112
      
506,105
  
AppLovin Corp. - Class A (a)
    
2,780
      
900,247
  
Atlassian Corp. - Class A (a)
    
1,124
      
273,559
  
Autodesk, Inc. (a)
    
1,064
      
314,486
  
BILL Holdings, Inc. (a)
    
4,205
      
356,206
  
Broadcom, Inc.
    
9,676
      
2,243,284
  
Cadence Design System, Inc. (a)
    
1,226
      
368,364
  
Cisco Systems, Inc.
    
11,071
      
655,403
  
Crowdstrike Holdings, Inc. - Class A (a)
    
1,245
      
425,989
  
Datadog, Inc. - Class A (a)
    
3,106
      
443,816
  
DocuSign, Inc. (a)
    
4,628
      
416,242
  
Fortinet, Inc. (a)
    
4,303
      
406,547
  
Intel Corp.
    
22,485
      
450,824
  
International Business Machines Corp.
    
2,787
      
612,666
  
Intuit, Inc.
    
905
      
568,793
  
KLA Corp.
    
725
      
456,837
  
Marvell Technology, Inc.
    
8,259
      
912,207
  
Microchip Technology, Inc.
    
6,556
      
375,987
  
Micron Technology, Inc.
    
5,644
      
474,999
  
Microsoft Corp.
    
11,290
      
4,758,735
  
MicroStrategy, Inc. - Class A (a)
    
3,137
      
908,538
  
Monolithic Power Systems, Inc.
    
509
      
301,175
  
Motorola Solutions, Inc.
    
891
      
411,847
  
NVIDIA Corp.
    
36,397
      
4,887,753
  
ON Semiconductor Corp. (a)
    
4,199
      
264,747
  
Oracle Corp.
    
6,019
      
1,003,006
  
Palantir Technologies, Inc. - Class A (a)
    
16,661
      
1,260,071
  
Palo Alto Networks, Inc. (a)
    
2,752
      
500,754
  
Qualcomm, Inc.
    
3,627
      
557,180
  
Salesforce, Inc.
    
2,339
      
781,998
  
ServiceNow, Inc. (a)
    
599
      
635,012
  
Snowflake, Inc. - Class A (a)
    
3,040
      
469,406
  
Synopsys, Inc. (a)
    
692
      
335,869
  
Teradyne, Inc.
    
3,093
      
389,471
  
Texas Instruments, Inc.
    
3,023
      
566,843
  
Twilio, Inc. - Class A (a)
    
2,620
      
283,170
  
Workday, Inc. - Class A (a)
    
1,575
      
406,397
  
             
38,224,465
  
                 
Materials - 0.9%
          
Linde PLC
    
1,370
      
573,578
  
Sherwin-Williams Co.
    
1,165
      
396,018
  
             
969,596
  
                 
Utilities - 0.8%
          
NextEra Energy, Inc.
    
6,423
      
460,465
  
Vistra Corp.
    
2,984
      
411,404
  
             
871,869
  
TOTAL COMMON STOCKS (Cost $108,474,975)
      
108,451,503
  
                 
REAL ESTATE INVESTMENT TRUSTS - 1.4%
                
Real Estate - 1.4%
          
American Tower Corp.
    
1,989
      
364,802
  
Equinix, Inc.
    
374
      
352,641
  
Prologis, Inc.
    
3,700
      
391,090
  
Welltower, Inc.
    
3,303
      
416,277
  
             
1,524,810
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,565,811)
      
1,524,810
  
                 
SHORT-TERM INVESTMENTS - 0.1%
                
Money Market Funds - 0.1%
                
Invesco Government & Agency Portfolio – Institutional Class, 4.42% (c)
    
164,849
      
164,849
  
TOTAL SHORT-TERM INVESTMENTS (Cost $164,849)
      
164,849
  
                 
TOTAL INVESTMENTS - 99.8% (Cost $110,205,635)
      
110,141,162
  
Other Assets in Excess of Liabilities - 0.2%
      
274,987
  
TOTAL NET ASSETS - 100.0%
          
$
110,416,149
  
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 December 31, 2024.
Summary of Fair Value Disclosure as of December 31, 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 December 31, 2024:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
108,451,503
    
$
–
    
$
–
    
$
108,451,503
  
  Real Estate Investment Trusts
    
1,524,810
      
–
      
–
      
1,524,810
  
  Money Market Funds
    
164,849
      
–
      
–
      
164,849
  
Total Investments
  
$
110,141,162
    
$
–
    
$
–
    
$
110,141,162
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.