Amplify Travel Tech ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 100.0%
  
Shares
    
Value
 
Communication Services - 5.2%
        
Travelzoo (a)
    
35,588
    
$
709,980
  
TripAdvisor, Inc. (a)
    
162,510
      
2,400,273
  
             
3,110,253
  
                 
Consumer Discretionary - 78.6%(b)
          
Adventure, Inc.
    
10,902
      
238,282
  
Airbnb, Inc. - Class A (a)
    
20,300
      
2,667,623
  
Airtrip Corp.
    
52,485
      
383,051
  
Amadeus IT Group SA
    
34,409
      
2,429,994
  
Booking Holdings, Inc.
    
524
      
2,603,452
  
Corporate Travel Management Ltd.
    
293,852
      
2,410,681
  
CVC Brasil Operadora e Agencia de Viagens SA (a)
    
1,989,046
      
447,530
  
Despegar.com Corp. (a)
    
144,459
      
2,780,836
  
eDreams ODIGEO SA (a)
    
312,307
      
2,813,518
  
Expedia Group, Inc. (a)
    
12,822
      
2,389,123
  
Flight Centre Travel Group Ltd.
    
233,087
      
2,407,184
  
Global Business Travel Group I (a)
    
259,266
      
2,405,989
  
Hana Tour Service, Inc.
    
59,589
      
2,197,930
  
MakeMyTrip Ltd. (a)
    
21,104
      
2,369,557
  
On the Beach Group PLC (c)(d)
    
779,328
      
2,479,108
  
Sabre Corp. (a)
    
648,145
      
2,365,729
  
Temairazu, Inc.
    
12,044
      
247,149
  
Tongcheng Travel Holdings Ltd. (d)
    
1,095,438
      
2,566,568
  
Trainline PLC (a)(c)(d)
    
454,685
      
2,460,004
  
TravelSky Technology Ltd. - Class H
    
1,803,361
      
2,414,402
  
Trip.com Group Ltd. - ADR (a)
    
41,165
      
2,826,389
  
Webjet Group Ltd. (a)
    
2,043,575
      
1,100,791
  
Webjet Ltd. (a)
    
836,301
      
2,376,679
  
             
47,381,569
  
                 
Industrials - 10.2%
          
Blade Air Mobility, Inc. (a)
    
347,392
      
1,476,416
  
Lyft, Inc. - Class A (a)
    
160,888
      
2,075,455
  
Uber Technologies, Inc. (a)
    
43,173
      
2,604,195
  
             
6,156,066
  
                 
Information Technology - 6.0%
          
accesso Technology Group PLC (a)
    
187,462
      
1,253,707
  
SiteMinder Ltd. (a)
    
638,507
      
2,387,799
  
             
3,641,506
  
TOTAL COMMON STOCKS (Cost $66,893,444)
      
60,289,394
  
                 
SHORT-TERM INVESTMENTS - 0.1%
                
Money Market Funds - 0.1%
                
Invesco Government & Agency Portfolio – Institutional Class, 4.42% (e)
    
46,700
      
46,700
  
TOTAL SHORT-TERM INVESTMENTS (Cost $46,700)
      
46,700
  
                 
TOTAL INVESTMENTS - 100.1% (Cost $66,940,144)
      
60,336,094
  
Liabilities in Excess of Other Assets - (0.1)%
      
(31,429
)
TOTAL NET ASSETS - 100.0%
          
$
60,304,665
  
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
SA - Sociedad Anónima

(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 December 31, 2024, the value of these securities total $4,939,112 or 8.2% 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 December 31, 2024, the value of these securities total $7,505,680 or 12.4% of the Fund’s net assets.
(e)
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 Travel Tech 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
  
$
60,289,394
    
$
–
    
$
–
    
$
60,289,394
  
  Money Market Funds
    
46,700
      
–
      
–
      
46,700
  
Total Investments
  
$
60,336,094
    
$
–
    
$
–
    
$
60,336,094
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   


Allocation of Portfolio Holdings by Country as of December 31, 2024
  
(% of Net Assets)
  
United States
  
$
21,744,935
      
36.1
%
Australia
    
10,683,134
      
17.6
  
China
    
7,807,359
      
13.0
  
United Kingdom
    
6,192,819
      
10.3
  
Spain
    
5,243,512
      
8.7
  
Argentina
    
2,780,836
      
4.6
  
India
    
2,369,557
      
3.9
  
South Korea
    
2,197,930
      
3.7
  
Japan
    
868,482
      
1.4
  
Brazil
    
447,530
      
0.8
  
Liabilities in Excess of Other Assets
    
(31,429
)
    
(0.1
)
   
$
60,304,665
      
100.0
%