Amplify Travel Tech ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.9%
  
Shares
    
Value
 
Communication Services - 3.7%
        
TripAdvisor, Inc. (a)
    
84,309
    
$
1,227,539
  
                 
Consumer Discretionary - 81.9% (b)
          
Airbnb, Inc. - Class A (a)
    
11,807
      
1,602,446
  
Amadeus IT Group SA
    
17,702
      
1,306,454
  
Booking Holdings, Inc.
    
283
      
1,515,558
  
Corporate Travel Management Ltd. (c)
    
170,767
      
1,121,677
  
CVC Brasil Operadora e Agencia de Viagens SA (a)
    
1,711,311
      
668,316
  
eDreams ODIGEO SA (a)
    
291,344
      
1,365,258
  
Expedia Group, Inc.
    
5,521
      
1,564,155
  
Flight Centre Travel Group Ltd.
    
139,584
      
1,397,153
  
Global Business Travel Group I (a)
    
160,916
      
1,231,007
  
Hana Tour Service, Inc.
    
39,215
      
1,327,084
  
HBX Group International PLC (a)
    
176,702
      
1,556,462
  
Hostelworld Group PLC (d)(e)
    
385,383
      
647,947
  
MakeMyTrip Ltd. (a)
    
16,943
      
1,391,359
  
Navan, Inc. - Class A (a)
    
79,733
      
1,361,840
  
On the Beach Group PLC (d)(e)
    
445,555
      
1,372,377
  
Sabre Corp. (a)
    
768,497
      
1,045,156
  
Tongcheng Travel Holdings Ltd. (e)
    
435,534
      
1,255,654
  
Trainline PLC (a)(d)(e)
    
431,771
      
1,279,975
  
TravelSky Technology Ltd. - Class H
    
918,063
      
1,212,525
  
Trip.com Group Ltd. - ADR
    
17,829
      
1,282,083
  
WEB Travel Group Ltd. (a)
    
395,846
      
1,261,774
  
Webjet Group Ltd.
    
1,023,114
      
600,391
  
             
27,366,651
  
                 
Industrials - 8.7%
          
Dida, Inc. (a)
    
1,716,942
      
527,204
  
Lyft, Inc. - Class A (a)
    
56,306
      
1,090,647
  
Uber Technologies, Inc. (a)
    
15,678
      
1,281,049
  
             
2,898,900
  
                 
Information Technology - 5.6%
          
accesso Technology Group PLC (a)
    
148,792
      
662,437
  
SiteMinder Ltd. (a)
    
296,616
      
1,202,612
  
             
1,865,049
  
TOTAL COMMON STOCKS (Cost $38,964,570)
      
33,358,139
  
                 
SHORT-TERM INVESTMENTS
  
MONEY MARKET FUNDS - 0.4%
  
Shares
    
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (f)
    
136,035
      
136,035
  
TOTAL MONEY MARKET FUNDS (Cost $136,035)
      
136,035
  
                 
TOTAL INVESTMENTS - 100.3% (Cost $39,100,605)
      
33,494,174
  
Liabilities in Excess of Other Assets - (0.3)%
      
(86,458
)
TOTAL NET ASSETS - 100.0%
          
$
33,407,716
  
                 
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 industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(c)
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $1,121,677 or 3.4% of net assets as of December 31, 2025.
(d)
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, 2025, the value of these securities total $3,300,299 or 9.9% of the Fund’s net assets.
(e)
Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of December 31, 2025, the value of these securities total $4,555,953 or 13.6% of the Fund’s net assets.
(f)
The rate shown represents the 7-day annualized yield as of December 31, 2025.

 
Summary of Fair Value Disclosure as of December 31, 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 December 31, 2025:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
32,236,462
    
$
–
    
$
1,121,677
    
$
33,358,139
  
  Money Market Funds
    
136,035
      
–
      
–
      
136,035
  
Total Investments
  
$
32,372,497
    
$
–
    
$
1,121,677
    
$
33,494,174
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   
   

Fair Value Measurement Using Significant Unobservable Inputs
  
Level 3
  
Beginning balance as of September 30, 2025
  
$
1,869,256
  
Sales
    
(50,217
)
Change in unrealized appreciation/depreciation
    
(673,381
)
Amortization/(Accretion)
    
0
  
Realized gain/loss
    
(23,981
)
Ending balance as of December 31, 2025
  
$
1,121,677
  
   
$
0
  
Change in unrealized appreciation/depreciation still held as of December 31, 2025
  
$
(673,381
)
     
0
  

Description
  
Fair Value as of
December 31, 2025
  
Valuation Technique
  
Unobservable Inputs
  
Input Values
(Ranges)
Common Stocks
  
$1,121,677
  
Market Approach / Comparable
Company Method
  
EV / LTM Revenue Multiple -
Discount for Lack of
Marketability (DLOM)
  
EV / LTM
Revenue Multiple: Increase
 
DOLM: Decrease