Amplify Travel Tech ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.7%
  
Shares
    
Value
 
Communication Services - 4.2%
        
TripAdvisor, Inc. (a)
    
132,637
    
$
1,730,913
  
Trivago NV - ADR (a)
    
66,115
      
249,253
  
             
1,980,166
  
                 
Consumer Discretionary - 77.9%(b)
          
Adventure, Inc. (a)
    
7,255
      
168,511
  
Airbnb, Inc. - Class A (a)
    
15,384
      
2,035,919
  
Amadeus IT Group SA
    
21,984
      
1,844,602
  
Booking Holdings, Inc.
    
379
      
2,194,122
  
Corporate Travel Management Ltd.
    
208,711
      
1,894,388
  
CVC Brasil Operadora e Agencia de Viagens SA (a)
    
1,730,159
      
760,809
  
eDreams ODIGEO SA (a)
    
219,585
      
1,997,633
  
Expedia Group, Inc.
    
10,836
      
1,827,816
  
Flight Centre Travel Group Ltd.
    
218,314
      
1,785,542
  
Global Business Travel Group I (a)
    
291,057
      
1,833,659
  
Hana Tour Service, Inc.
    
47,682
      
1,936,110
  
HBX Group International PLC (a)
    
164,678
      
2,091,579
  
Hostelworld Group PLC (a)(c)(d)
    
415,856
      
780,720
  
MakeMyTrip Ltd. (a)
    
18,834
      
1,846,109
  
On the Beach Group PLC (c)(d)
    
508,553
      
2,059,328
  
Sabre Corp. (a)
    
692,460
      
2,188,174
  
Tongcheng Travel Holdings Ltd. (d)
    
683,618
      
1,705,126
  
Trainline PLC (a)(c)(d)
    
507,633
      
1,938,040
  
TravelSky Technology Ltd. - Class H
    
1,301,130
      
1,740,365
  
Trip.com Group Ltd. - ADR
    
33,962
      
1,991,532
  
WEB Travel Group Ltd. (a)
    
566,860
      
1,653,140
  
Webjet Group Ltd. (a)
    
1,261,747
      
744,198
  
             
37,017,422
  
                 
Industrials - 11.5%
          
Blade Air Mobility, Inc. (a)
    
293,065
      
1,181,052
  
Lyft, Inc. - Class A (a)
    
121,634
      
1,916,952
  
Uber Technologies, Inc. (a)
    
25,026
      
2,334,926
  
             
5,432,930
  
                 
Information Technology - 6.1%
          
accesso Technology Group PLC (a)
    
163,707
      
1,175,521
  
SiteMinder Ltd. (a)
    
597,254
      
1,733,951
  
             
2,909,472
  
TOTAL COMMON STOCKS (Cost $51,909,756)
      
47,339,990
  
                 
SHORT-TERM INVESTMENTS - 0.3%
          
Value
 
Money Market Funds - 0.3%
  
Shares
          
Invesco Government & Agency Portfolio - Institutional Class, 4.26% (e)
    
151,512
      
151,512
  
TOTAL SHORT-TERM INVESTMENTS (Cost $151,512)
      
151,512
  
                 
TOTAL INVESTMENTS - 100.0% (Cost $52,061,268)
      
47,491,502
  
Other Assets in Excess of Liabilities - 0.0% (f)
      
23,294
  
TOTAL NET ASSETS - 100.0%
          
$
47,514,796
  
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.
  

ADR - American Depositary Receipt
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)
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 June 30, 2025, the value of these securities total $4,778,088 or 10.1% of the Fund’s net assets.
(d)
Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of June 30, 2025, the value of these securities total $6,483,214 or 13.6% of the Fund’s net assets.
(e)
The rate shown represents the 7-day annualized effective yield as of June 30, 2025.
(f)
Represents less than 0.05% of net assets.


Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
 
Amplify Travel Tech 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
    
47,339,990
      
–
      
–
      
47,339,990
  
  Money Market Funds
    
151,512
      
–
      
–
      
151,512
  
Total Investments
    
47,491,502
      
–
      
–
      
47,491,502
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.