Amplify Lithium & Battery Technology ETF
 
Schedule of Investments
 
July 31, 2022 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.7%
           
Consumer Discretionary - 25.1%
           
BAIC Motor Corp. Ltd. - Class H (a)
   
1,611,417
   
$
433,138
 
BYD Co. Ltd. - Class H
   
288,646
     
10,501,700
 
EVgo, Inc. (b) (c)
   
130,549
     
1,171,025
 
Fisker, Inc. (b) (c)
   
51,052
     
489,078
 
Li Auto, Inc. - ADR (b)
   
116,409
     
3,822,872
 
Lucid Group, Inc. (b) (c)
   
172,901
     
3,155,443
 
NIO, Inc. - ADR (b)
   
193,302
     
3,813,848
 
Panasonic Holdings Corp.
   
297,011
     
2,436,671
 
QuantumScape Corp. (b) (c)
   
62,399
     
675,157
 
Rivian Automotive, Inc. - Class A (b) (c)
   
112,665
     
3,864,410
 
Tesla, Inc. (b)
   
14,890
     
13,273,691
 
Volta, Inc. (b) (c)
   
451,254
     
830,307
 
XPeng, Inc. - ADR (b)
   
100,294
     
2,450,182
 
Yadea Group Holdings Ltd. (a)
   
417,354
     
898,519
 
             
47,816,041
 
Industrials - 23.0%
               
Blink Charging Co. (b) (c)
   
58,502
     
1,238,487
 
ChargePoint Holdings, Inc. (b) (c)
   
113,813
     
1,719,714
 
Contemporary Amperex Technology Co. Ltd. (b)
   
222,083
     
16,765,335
 
Ecopro BM Co. Ltd.
   
16,804
     
1,544,452
 
EnerSys
   
17,019
     
1,121,722
 
Eve Energy Co. Ltd.
   
250,178
     
3,503,576
 
FREYR Battery SA (b) (c)
   
125,957
     
1,257,051
 
FuelCell Energy, Inc. (b) (c)
   
276,868
     
993,956
 
GS Yuasa Corp.
   
54,661
     
990,334
 
Hyliion Holdings Corp. (b) (c)
   
314,795
     
1,237,144
 
Kempower Oyj (b)
   
77,973
     
1,094,330
 
Li-Cycle Holdings Corp. (b)
   
121,856
     
876,145
 
Lightning eMotors, Inc. (b) (c)
   
237,645
     
843,640
 
Microvast Holdings, Inc. (b)
   
230,620
     
611,143
 
Nikola Corp. (b) (c)
   
184,607
     
1,148,256
 
Plug Power, Inc. (b)
   
112,116
     
2,392,555
 
Pod Point Group Holdings PLC (b)
   
368,943
     
474,012
 
Proterra, Inc. (b) (c)
   
179,600
     
968,044
 
The Lion Electric Co. (b) (c)
   
167,665
     
823,235
 
Varta AG (c)
   
14,306
     
1,158,014
 
Wallbox NV (b) (c)
   
83,591
     
774,889
 
Wuxi Lead Intelligent Equipment Co. Ltd.
   
269,474
     
2,385,476
 
             
43,921,510
 
Information Technology - 8.9%
               
Dynapack International Technology Corp.
   
337,975
     
831,928
 
Iljin Materials Co. Ltd.
   
16,852
     
953,446
 
L&F Co. Ltd. (b)
   
7,956
     
1,400,614
 
NAURA Technology Group Co. Ltd.
   
76,639
     
2,884,599
 
NEC Corp.
   
42,512
     
1,560,527
 
Samsung SDI Co. Ltd.
   
7,751
     
3,394,903
 
Simplo Technology Co. Ltd.
   
101,533
     
895,251
 
SolarEdge Technologies, Inc. (b)
   
8,858
     
3,190,031
 
TDK Corp.
   
59,802
     
1,865,589
 
             
16,976,888
 
Materials - 42.2%
               
African Rainbow Minerals Ltd.
   
75,185
     
1,057,702
 
Albemarle Corp.
   
12,051
     
2,944,180
 
Allkem Ltd. (b)
   
159,835
     
1,259,713
 
AMG Advanced Metallurgical Group NV
   
30,374
     
846,249
 
Aneka Tambang Tbk
   
7,011,059
     
924,094
 
BHP Group Ltd. - ADR (c)
   
195,677
     
10,770,062
 
CMOC Group Ltd. - Class H
   
4,290,519
     
2,104,294
 
Eramet SA
   
9,549
     
1,004,254
 
First Quantum Minerals Ltd.
   
100,186
     
1,830,739
 
Ganfeng Lithium Co. Ltd. - Class H (a)
   
346,738
     
3,133,929
 
Glencore PLC
   
1,348,400
     
7,583,980
 
Guangzhou Tinci Materials Technology Co. Ltd.
   
323,568
     
2,515,658
 
IGO Ltd.
   
167,455
     
1,291,688
 
ioneer Ltd. (b)
   
2,459,289
     
962,251
 
Jinchuan Group International Resources Co. Ltd.
   
8,188,313
     
876,213
 
Johnson Matthey PLC
   
46,568
     
1,211,908
 
Largo, Inc. (b)
   
119,222
     
907,746
 
LG Chem Ltd.
   
8,401
     
3,899,471
 
Liontown Resources Ltd. (b)
   
1,148,188
     
1,058,955
 
Lithium Americas Corp. (b)
   
52,057
     
1,322,412
 
Livent Corp. (b)
   
46,166
     
1,149,072
 
Lundin Mining Corp.
   
173,590
     
978,736
 
Magnis Energy Technologies Ltd. (b)
   
3,165,949
     
718,915
 
Mineral Resources Ltd.
   
38,581
     
1,448,644
 
MMC Norilsk Nickel PJSC - ADR (d)
   
182,937
     
 
Neometals Ltd. (b)
   
979,351
     
756,121
 
Nouveau Monde Graphite, Inc. (b)
   
159,879
     
755,354
 
Piedmont Lithium, Inc. (b) (c)
   
19,034
     
860,527
 
Pilbara Minerals Ltd. (b)
   
728,681
     
1,410,288
 
Shanghai Putailai New Energy Technology Co. Ltd.
   
209,930
     
2,207,362
 
Showa Denko KK
   
59,946
     
996,178
 
SK IE Technology Co. Ltd. (a) (b)
   
15,594
     
981,902
 
Sociedad Quimica y Minera de Chile SA - ADR
   
34,474
     
3,391,207
 
South32 Ltd.
   
658,920
     
1,754,075
 
Standard Lithium Ltd. (b) (c)
   
175,978
     
1,003,193
 
Sumitomo Metal Mining Co. Ltd.
   
44,752
     
1,414,210
 
Talon Metals Corp. (b)
   
1,889,653
     
841,125
 
TMC the metals co., Inc. (b) (c)
   
659,389
     
589,428
 
Umicore SA
   
40,257
     
1,454,869
 
Vale Indonesia Tbk PT (b)
   
2,498,263
     
1,027,433
 
Vulcan Energy Resources Ltd. (b)
   
183,065
     
997,678
 
W-Scope Corp. (b) (c)
   
130,590
     
1,831,296
 
Yunnan Energy New Material Co. Ltd.
   
108,320
     
3,440,348
 
Zhejiang Huayou Cobalt Co. Ltd.
   
236,236
     
2,958,385
 
             
80,471,844
 
Utilities - 0.5%
               
Fastned BV (b) (c)
   
32,526
     
938,784
 
Total Common Stocks (Cost $224,041,255)
           
190,125,067
 
                 
MONEY MARKET FUNDS - 0.2%
               
Invesco Government & Agency Portfolio - Institutional Class - 1.64% (e)
   
396,759
     
396,759
 
Total Money Market Funds (Cost $396,759)
           
396,759
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 14.3%
               
First American Government Obligations Fund, Class X - 1.94% (e)
   
27,226,961
     
27,226,961
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $27,226,961)
           
27,226,961
 
Total Investments - 114.2%
               
(Cost $251,664,975)
         
$
217,748,787
 

Percentages are based on Net Assets of $190,757,074.
ADR -
American Depositary Receipt
(a)
Security exempt from registration under Rule 144(a) and Regulation S of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund’s liquidity guidelines. At July 31, 2022 the value of these securities amounted to $5,447,488 or 2.9% of net assets.
(b)
Non-income producing security.
(c)
All or a portion of this security is out on loan as of July 31, 2022. Total value of securities out on loan is $26,694,209 or 14.0% of net assets.
(d)
Illiquid security. At July 31, 2022, the value of this security amounted to $0 or 0.0% of net assets.
(e)
Seven-day yield as of July 31, 2022.
                     
For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or they may be defined by Fund Management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Industries are shown as a percentage of net assets.
                     
The Global Industy Classification Standard (GICS®) was developed by and/or is the exclusive of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.



Security Valuation
                               
                                     
In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The following describes the levels of the fair value hierarchy:
 
Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;
Level 2 – Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).
 
The valuation techniques used by the Funds to measure fair value for the period ended July 31, 2022 maximized the use of observable inputs and minimized the use of unobservable inputs.
 
For the period ended July 31, 2022, there have been no significant changes to the Fund's valuation methodologies.
 
Common stocks, preferred stock, and other equity securities listed on any national or foreign exchange (excluding Nasdaq) and the London Stock Exchange Alternative Investment Market (“AIM”) will be valued at the last price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities exchange are valued at the last sale price or official closing price, as applicable, at the close of the exchange representing the principal market for such securities. Foreign securities and other assets denominated in foreign currencies are translated into U.S. dollars at the current exchange rate, which approximates fair value. Redeemable securities issued by open-end investment companies shall be valued at the investment company’s applicable NAV, with the exception of exchange-traded open-end and closed-end investment companies which are priced as equity securities. Exchange-traded options will be valued at the current mean price where such contracts are principally traded. Securities traded in the over-the-counter market are valued at the mean of the bid and the asked price, if available, and otherwise at their closing bid price. Fixed income securities will be valued using the mean price. Fixed income securities having a remaining maturity of 60 days or less when purchased will be valued at the current market price. If there is no current market price available then the securities will be valued at cost and adjusted for amortization of premiums and accretions of discounts. Swaps will be valued by using the market close price of the underlying holdings. If there is no market price available, then the securities will be valued at the last price.
 
If no quotation is available from either a pricing service, or one or more brokers or if the pricing committee has reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith by the pricing committee, pursuant to procedures established under the general supervision and responsibility of the Fund’s Board of Trustees (the “Board”).
               
The following is a summary of the fair valuations according to the inputs used to value the Fund's investments as of July 31, 2022:
             
                                     
   
Category
                               
   
Investments in Securities
                               
   
Assets
                               
   
Level 1
                               
   
   Common Stocks
                               
   
Australia
 
 $  22,428,391
                           
   
Belgium
 
       1,454,869
                           
   
Britain
 
       1,685,920
                           
   
Canada
 
       9,928,111
                           
   
Chile
 
       3,391,207
                           
   
China
 
     63,819,222
                           
   
Finland
 
       1,094,330
                           
   
France
 
       1,004,254
                           
   
Germany
 
       1,158,013
                           
   
Hong Kong
 
          876,213
                           
   
Indonesia
 
       1,951,527
                           
   
Israel
 
       3,190,031
                           
   
Japan
 
     11,094,804
                           
   
Netherlands
 
       1,785,033
                           
   
Norway
 
       1,257,051
                           
   
South Africa
 
       1,057,702
                           
   
South Korea
 
     12,174,789
                           
   
Spain
 
          774,889
                           
   
Switzerland
 
       7,583,980
                           
   
Taiwan
 
       1,727,179
                           
   
United States
 
     40,687,552
                           
   
   Money Market Funds
                               
   
United States
 
         396,759
                           
   
   Investments Purchased with
   Proceeds from Securities Lending
                               
   
United States
 
    27,226,961
                           
   
Total Level 1
 
   217,748,787
                           
   
Level 2
                               
   
Total Level 2
 
                    -
                           
   
Level 3
                               
   
Russia
 
0
                           
   
Total Level 3
 
0
                           
   
Total
 
 $217,748,787
                           
                                     
See the Schedule of Investments for further disaggregation of investment categories.
             
                                     
For the period ended July 31, 2022, there were no transfers into or out of Level 3 for the Fund, except for the below. Below is a reconciliation of securities in Level 3 for the Fund.
   

BATT
 
Balance as of 10/31/2021
   
Net Realized
Gain (Loss)
   
Change in Net Unrealized Appreciation (Depreciation)
   
Purchases/
Acquisition
   
Sales
   
Corporate Action
   
Transfers
In/Out of
Level 3
   
Balance as of 07/31/2022
   
Net Change in Unrealized Appreciation
(Depreciation) on
Securities held at
07/31/2022
 
Common Stocks
 
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
0
   
$
0
   
$
-
 
                                                                         
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
                                 
                                                                         
BATT
                 
Fair Value as
of 07/31/22
   
Valuation
Techniques
   
Unobservable
Input
   
Range/Weighted
Average
Unobservable
Input
                         
Common Stocks
           
$
-
   
Last Avalible Price
   
No Market Activity
     
-
                         
                                                                         
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 July 31, 2022, 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.