Amplify Lithium & Battery Technology ETF
 
Schedule of Investments
 
July 31, 2023 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.2%
           
Consumer Discretionary - 27.3%
           
BAIC Motor Corp. Ltd. - Class H (c)
   
957,218
   
$
265,113
 
BYD Co. Ltd.
   
296,118
     
10,464,312
 
CALB Co. Ltd. (a) (c)
   
157,156
     
373,600
 
EVgo, Inc. (a) (b)
   
97,418
     
425,717
 
Li Auto, Inc. - ADR (a)
   
92,162
     
3,944,534
 
Lucid Group, Inc. (a) (b)
   
157,408
     
1,197,875
 
NIO, Inc. - ADR (a)
   
151,237
     
2,313,926
 
Panasonic Holdings Corp.
   
265,408
     
3,283,436
 
Polestar Automotive Holding UK PLC - ADR (a) (b)
   
175,794
     
787,557
 
QuantumScape Corp. (a) (b)
   
44,341
     
590,179
 
Rivian Automotive, Inc. - Class A (a) (b)
   
82,506
     
2,280,466
 
Tesla, Inc. (a)
   
57,270
     
15,315,716
 
XPeng, Inc. - ADR (a) (b)
   
76,591
     
1,602,284
 
Yadea Group Holdings Ltd. (c)
   
281,546
     
637,539
 
Zhejiang Leapmotor Technologies Ltd. (a) (c)
   
103,784
     
599,504
 
             
44,081,758
 
Industrials - 19.5%
               
Advanced Energy Solution Holding Co. Ltd.
   
31,523
     
693,122
 
Blink Charging Co. (a) (b)
   
71,678
     
458,739
 
ChargePoint Holdings, Inc. (a) (b)
   
85,812
     
743,132
 
Contemporary Amperex Technology Co. Ltd.
   
302,604
     
10,066,688
 
Ecopro BM Co. Ltd.
   
11,111
     
3,652,382
 
EnerSys
   
9,129
     
988,853
 
Enovix Corp. (a) (b)
   
50,724
     
1,091,580
 
Eve Energy Co. Ltd.
   
234,312
     
1,941,904
 
FREYR Battery SA (a) (b)
   
79,159
     
666,519
 
FuelCell Energy, Inc. (a) (b)
   
226,406
     
495,829
 
GS Yuasa Corp.
   
33,953
     
681,733
 
Hydro Lithium, Inc. (a)
   
21,529
     
458,567
 
Hyliion Holdings Corp. (a)
   
298,806
     
588,648
 
Kempower Oyj (a) (b)
   
17,163
     
766,155
 
Li-Cycle Holdings Corp. (a) (b)
   
111,526
     
672,502
 
Microvast Holdings, Inc. (a) (b)
   
436,057
     
1,251,483
 
Nikola Corp. (a) (b)
   
538,972
     
1,439,055
 
Plug Power, Inc. (a) (b)
   
100,897
     
1,323,769
 
Proterra, Inc. (a) (b)
   
345,001
     
583,052
 
Shin Heung Energy & Electronics Co. Ltd.
   
15,335
     
608,756
 
The Lion Electric Co. (a) (b)
   
213,462
     
559,270
 
Varta AG (b)
   
23,869
     
540,891
 
Vitzrocell Co. Ltd.
   
38,687
     
606,718
 
Wallbox NV (a) (b)
   
168,504
     
711,087
 
             
31,590,434
 
Information Technology - 8.7%
               
L&F Co. Ltd.
   
5,906
     
1,193,108
 
Lotte Energy Materials Corp.
   
15,425
     
663,155
 
NAURA Technology Group Co. Ltd.
   
56,944
     
2,261,506
 
NEC Corp.
   
34,857
     
1,759,940
 
Phoenix Silicon International Corp.
   
273,220
     
530,330
 
Samsung SDI Co. Ltd.
   
6,992
     
3,647,809
 
Simplo Technology Co. Ltd.
   
65,413
     
640,049
 
SolarEdge Technologies, Inc. (a)
   
6,294
     
1,519,749
 
TDK Corp.
   
48,177
     
1,841,200
 
             
14,056,846
 
Materials - 43.7%
               
African Rainbow Minerals Ltd.
   
56,636
     
635,755
 
Albemarle Corp.
   
12,800
     
2,717,184
 
Allkem Ltd. (a)
   
111,020
     
1,105,159
 
Alpha HPA Ltd. (a)
   
788,739
     
590,722
 
American Lithium Corp. (a)
   
247,275
     
476,304
 
AMG Advanced Metallurgical Group NV
   
14,369
     
587,399
 
Aneka Tambang Tbk
   
5,338,926
     
702,770
 
Argosy Minerals Ltd. (a)
   
1,695,610
     
364,461
 
BHP Group Ltd. - ADR
   
163,995
     
10,274,287
 
Chalice Mining Ltd. (a)
   
122,091
     
484,670
 
CMOC Group Ltd. - Class H
   
3,260,060
     
2,173,680
 
Core Lithium Ltd. (a) (b)
   
889,277
     
382,289
 
Critical Elements Lithium Corp. (a) (b)
   
312,190
     
414,312
 
Eramet SA
   
7,373
     
620,159
 
First Quantum Minerals Ltd.
   
75,150
     
2,228,883
 
Ganfeng Lithium Co. Ltd. - Class H (c)
   
297,613
     
1,904,229
 
Glencore PLC
   
1,165,194
     
7,081,244
 
Guangzhou Tinci Materials Technology Co. Ltd.
   
258,880
     
1,333,748
 
IGO Ltd.
   
110,168
     
1,021,198
 
ioneer Ltd. (a)
   
2,217,284
     
431,911
 
Ivanhoe Electric, Inc. (a) (b)
   
47,380
     
770,399
 
Jinchuan Group International Resources Co. Ltd.
   
8,023,247
     
452,657
 
Johnson Matthey PLC
   
36,510
     
843,861
 
Lake Resources NL (a)
   
1,528,149
     
230,953
 
Leo Lithium Ltd. (a) (d)
   
1,343,246
     
1,028,574
 
LG Chem Ltd.
   
7,118
     
3,618,612
 
Liontown Resources Ltd. (a)
   
434,526
     
785,133
 
Lithium Americas Corp. (a)
   
37,254
     
752,058
 
Livent Corp. (a)
   
35,355
     
870,440
 
Lundin Mining Corp.
   
127,550
     
1,140,419
 
Lygend Resources & Technology Co. Ltd. (e)
   
489,238
     
741,488
 
Mineral Resources Ltd.
   
26,680
     
1,280,094
 
MMC Norilsk Nickel PJSC - ADR (a) (d)
   
182,937
     
 
MP Materials Corp. (a) (b)
   
38,642
     
921,612
 
Nickel Industries Ltd.
   
1,016,760
     
563,440
 
Patriot Battery Metals, Inc. (a) (b)
   
55,981
     
607,082
 
Piedmont Lithium, Inc. (a)
   
10,155
     
557,103
 
Pilbara Minerals Ltd.
   
414,343
     
1,347,040
 
Resonac Holdings Corp.
   
46,231
     
755,379
 
Sayona Mining Ltd. (a)
   
4,309,846
     
419,764
 
Shanghai Putailai New Energy Technology Co. Ltd.
   
279,752
     
1,541,880
 
Sigma Lithium Corp. (a)
   
21,812
     
851,322
 
SK IE Technology Co. Ltd. (a) (c)
   
14,386
     
1,211,013
 
Sociedad Quimica y Minera de Chile SA - ADR
   
29,241
     
2,154,769
 
South32 Ltd.
   
571,385
     
1,489,141
 
Standard Lithium Ltd. (a) (b)
   
165,506
     
768,132
 
Sumitomo Metal Mining Co. Ltd.
   
37,998
     
1,312,495
 
Tianqi Lithium Corp.
   
302,883
     
1,883,577
 
Umicore SA
   
35,743
     
1,057,946
 
Vale Indonesia Tbk PT
   
1,882,155
     
858,078
 
Vulcan Energy Resources Ltd. (a) (b)
   
151,788
     
452,685
 
W-Scope Corp. (a)
   
62,599
     
676,306
 
Yunnan Energy New Material Co. Ltd. (a)
   
115,448
     
1,558,853
 
Zhejiang Huayou Cobalt Co. Ltd.
   
209,565
     
1,475,833
 
             
70,508,502
 
Total Common Stocks (Cost $179,898,465)
           
160,237,540
 
                 
MONEY MARKET FUNDS - 0.1%
               
Invesco Government & Agency Portfolio - Institutional Class - 5.10% (f)
   
188,979
     
188,979
 
Total Money Market Funds (Cost $188,979)
           
188,979
 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 10.7%
               
First American Government Obligations Fund - Class X - 5.18% (f)
   
17,355,466
     
17,355,466
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $17,355,466)
           
17,355,466
 
Total Investments - 110.0%
               
(Cost $197,442,910)
         
$
177,781,985
 

Percentages are based on Net Assets of $161,524,586.
ADR -
American Depositary Receipt
(a)
Non-income producing security.
(b)
All or a portion of this security is out on loan as of July 31, 2023. Total value of securities out on loan is $16,623,259 or 10.3% of net assets.
(c)
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, 2023, the value of these securities amounted to $4,990,998 or 3.1% of total net assets.
(d)
Illiquid security. At July 31, 2023, the value of these securities amounted to $1,028,574 or 0.6% of net assets. Value is determined using significant unobservable inputs.
(e)
Security exempt from registration under 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, 2023 the value of these securities amounted to $741,488 or 0.5% of net assets.
(f)
Seven-day yield as of July 31, 2023.
                   
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 Industry Classification Standard (GICS®) was developed by and/or is the exclusive property 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 year/period ended July 31, 2023 maximized the use of observable inputs and minimized the use of unobservable inputs.
                                     
For the period ended July 31, 2023, there have been no significant changes to the Fund's fair 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. Deposit accounts are valued at acquisition cost, which approximates fair value. 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 trade price.
                                     
The Trust's valuation procedures provide for the designation of the Adviser as "Valuation Designee". 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 Valuation Designee, pursuant to procedures established by 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, 2023:
                                     
   
Category
                               
   
Investments in Securities
                       
   
Assets
                               
   
Level 1
                               
   
   Common Stocks
                           
   
Australia
 
 $  21,222,949
                           
   
Belgium
 
       1,057,946
                           
   
Brazil
 
          851,322
                           
   
Britain
 
       1,631,418
                           
   
Canada
 
       8,389,361
                           
   
Chile
 
       2,154,769
                           
   
China
 
     47,084,195
                           
   
Finland
 
          766,155
                           
   
France
 
          620,159
                           
   
Germany
 
          540,891
                           
   
Hong Kong
 
          452,657
                           
   
Indonesia
 
       1,560,848
                           
   
Israel
 
       1,519,749
                           
   
Japan
 
     10,310,490
                           
   
Netherlands
 
          587,399
                           
   
Norway
 
          666,519
                           
   
South Africa
 
          635,755
                           
   
South Korea
 
     15,660,120
                           
   
Spain
 
          711,087
                           
   
Switzerland
 
       7,081,244
                           
   
Taiwan
 
       1,863,501
                           
   
United States
 
     33,840,432
                           
   
   Money Market Funds
                           
   
United States
 
         188,979
                           
   
   Investments Purchased with
Proceeds from Securities Lending
       
   
United States
 
    17,355,466
                           
   
Total Level 1
 
   176,753,411
                           
   
Level 2
 
                      -
                           
   
Total Level 2
 
                    -
                           
   
Level 3
                               
   
Common Stocks
                             
   
Australia
 
       1,028,574
                           
   
Russia
 
 0
                           
   
Total Level 3
 
       1,028,574
                           
   
Total
 
 $177,781,985
                           
                                     
See the Schedule of Investments for further disaggregation of investment categories.
   
                                     
For the period ended January 31, 2023, 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
10/31/2022
   
Net Realized
Gain (Loss)
   
Net Change in Unrealized Appreciation (Depreciation)
   
Purchases/
Acquisition
   
Sales
   
Corporate Action
   
Transfers
In/Out of
Level 3
   
Balance as of
07/31/2023
   
Net Change in Unrealized Appreciation (Depreciation) on Securities held at 07/31/2023
 
Common Stocks
 
$
0
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
1,028,574
   
$
1,028,574
   
$
-
 
                                                                         
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
         
                                                                         
BATT
                 
Fair Value as of
07/31/23
   
Valuation
Techniques
   
Unobservable
Input
   
Range/Weighted Average Unobservable
Input
   
Impact to
Valuation
from an
Increase to
Input
               
Common Stocks
           
$
1,028,574
   
Market Approach
   
No Market Activity
     
-
   
Decrease
         
                                                                         
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, 2023, 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.