Amplify Lithium & Battery Technology ETF
 
Schedule of Investments
 
July 31, 2021 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.7%
           
Consumer Discretionary - 25.2%
           
Arcimoto, Inc. (a) (b)
   
25,507
   
$
417,040
 
BAIC Motor Corp. Ltd. - Class H (c)
   
1,408,266
     
501,972
 
Blink Charging Co. (a) (b)
   
32,388
     
1,118,358
 
BYD Co. Ltd. - Class H
   
376,632
     
11,583,234
 
Canoo, Inc. (a) (b)
   
50,964
     
414,337
 
ElectraMeccanica Vehicles Corp. (a) (b)
   
74,595
     
267,796
 
Fisker, Inc. (a) (b)
   
51,675
     
833,001
 
Kandi Technologies Group, Inc. (a) (b)
   
48,505
     
257,077
 
Li Auto, Inc. - ADR (a) (b)
   
105,365
     
3,518,137
 
Lordstown Motors Corp. (a) (b)
   
48,155
     
300,487
 
NIO, Inc. - ADR (b)
   
203,237
     
9,080,629
 
Niu Technologies - ADR (b)
   
16,007
     
409,779
 
Panasonic Corp.
   
332,160
     
3,952,736
 
QuantumScape Corp. (a) (b)
   
54,646
     
1,251,940
 
Tesla, Inc. (b)
   
20,222
     
13,896,558
 
Tianneng Power International Ltd.
   
243,404
     
466,064
 
Workhorse Group, Inc. (a) (b)
   
42,596
     
491,558
 
XL Fleet Corp. (a) (b)
   
49,640
     
346,487
 
XPeng, Inc. - ADR (b)
   
97,914
     
3,968,454
 
Yadea Group Holdings Ltd. (c)
   
390,049
     
669,560
 
             
53,745,204
 
Energy - 1.4%
               
SK Innovation Co. Ltd. (b)
   
13,441
     
2,956,377
 
Industrials - 18.2%
               
Akasol AG (a) (b) (c)
   
6,385
     
907,393
 
Beam Global (a) (b)
   
33,991
     
1,039,105
 
CBAK Energy Technology, Inc. (a) (b)
   
244,309
     
862,411
 
Contemporary Amperex Technology Co. Ltd.
   
217,801
     
18,567,550
 
EnerSys
   
14,045
     
1,385,680
 
Eos Energy Enterprises, Inc. (a) (b)
   
80,970
     
1,256,654
 
Eve Energy Co. Ltd.
   
248,593
     
4,331,308
 
FuelCell Energy, Inc. (b)
   
140,540
     
889,618
 
GreenPower Motor Co., Inc. (a) (b)
   
57,293
     
980,283
 
GS Yuasa Corp.
   
40,128
     
1,022,358
 
Hyliion Holdings Corp. (a) (b)
   
119,649
     
1,160,595
 
Nikola Corp. (a) (b)
   
100,310
     
1,190,680
 
Plug Power, Inc. (b)
   
90,519
     
2,469,358
 
Varta AG
   
10,077
     
1,745,864
 
Vitzrocell Co. Ltd.
   
71,885
     
1,040,543
 
             
38,849,400
 
Information Technology - 11.2%
               
Dynapack International Technology Corp.
   
238,250
     
864,737
 
Iljin Materials Co. Ltd.
   
19,382
     
1,354,760
 
L&F Co. Ltd.
   
17,561
     
1,638,162
 
NAURA Technology Group Co. Ltd.
   
80,481
     
5,385,095
 
NEC Corp.
   
44,084
     
2,226,201
 
Samsung SDI Co. Ltd.
   
8,779
     
5,655,500
 
Simplo Technology Co. Ltd.
   
86,005
     
1,134,842
 
SolarEdge Technologies, Inc. (b)
   
9,276
     
2,406,936
 
Wuxi Lead Intelligent Equipment Co. Ltd.
   
271,550
     
3,196,537
 
             
23,862,770
 
Materials - 43.7%
               
African Rainbow Minerals Ltd.
   
63,453
     
1,294,677
 
Albemarle Corp.
   
17,677
     
3,642,169
 
AMG Advanced Metallurgical Group NV
   
26,632
     
831,510
 
Aneka Tambang Tbk
   
6,917,174
     
1,205,274
 
BHP Group Ltd. - ADR (a)
   
157,190
     
12,348,846
 
Bushveld Minerals Ltd. (b)
   
3,529,183
     
637,727
 
China Molybdenum Co. Ltd. - Class H
   
3,646,393
     
2,665,180
 
Cowan Lithium Ltd. (b) (d) (e)
   
14,896
     
 
Eramet SA (b)
   
12,513
     
999,716
 
First Quantum Minerals Ltd.
   
98,204
     
2,103,247
 
Galaxy Resources Ltd. (b)
   
311,538
     
1,065,376
 
Ganfeng Lithium Co. Ltd. - Class H (c)
   
249,656
     
5,355,405
 
Glencore PLC
   
1,389,194
     
6,247,723
 
IGO Ltd.
   
214,212
     
1,463,523
 
ioneer Ltd. (b)
   
3,147,778
     
947,096
 
Jinchuan Group International Resources Co. Ltd.
   
6,286,578
     
1,035,473
 
Johnson Matthey PLC
   
38,012
     
1,570,316
 
Jupiter Mines Ltd.
   
3,650,056
     
790,183
 
Largo Resources Ltd. (b)
   
57,750
     
944,293
 
LG Chem Ltd.
   
8,853
     
6,480,527
 
Lithium Americas Corp. (b)
   
76,191
     
1,112,696
 
Livent Corp. (b)
   
65,579
     
1,279,446
 
Lundin Mining Corp.
   
144,254
     
1,314,659
 
Mineral Resources Ltd.
   
41,025
     
1,896,986
 
MMC Norilsk Nickel PJSC - ADR
   
181,526
     
6,273,539
 
Nano One Materials Corp. (a) (b)
   
265,984
     
874,106
 
Neo Lithium Corp. (b)
   
459,151
     
1,310,178
 
Nouveau Monde Graphite, Inc. (b)
   
74,740
     
524,186
 
Orocobre Ltd. (b)
   
185,611
     
1,123,735
 
Piedmont Lithium, Inc. (a) (b)
   
15,653
     
861,854
 
Pilbara Minerals Ltd. (b)
   
1,185,114
     
1,539,358
 
Showa Denko KK
   
40,206
     
1,147,120
 
Sociedad Quimica y Minera de Chile SA - ADR
   
44,355
     
2,106,862
 
South32 Ltd.
   
800,310
     
1,744,299
 
Standard Lithium Ltd. (b)
   
276,887
     
1,664,518
 
Sumitomo Metal Mining Co. Ltd.
   
44,177
     
1,779,080
 
Talon Metals Corp. (b)
   
1,605,580
     
720,684
 
Umicore SA
   
38,690
     
2,399,451
 
Vale Indonesia Tbk PT
   
3,115,014
     
1,184,621
 
Western Areas Ltd.
   
440,274
     
846,507
 
W-Scope Corp. (b)
   
140,213
     
979,018
 
Yunnan Energy New Material Co. Ltd.
   
130,766
     
5,024,009
 
Zhejiang Huayou Cobalt Co. Ltd.
   
188,219
     
3,819,012
 
             
93,154,185
 
Total Common Stocks (Cost $194,339,575)
           
212,567,936
 
                 
MONEY MARKET FUNDS - 0.3%
               
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (f’)
   
558,547
     
558,547
 
Total Money Market Funds (Cost $558,547)
           
558,547
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 11.2%
               
First American Government Obligations Fund, Class X - 0.03% (f)
   
23,957,053
     
23,957,053
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $23,957,053)
           
23,957,053
 
Total Investments - 111.2%
               
(Cost $218,855,175)
         
$
237,083,536
 
                 

Percentages are based on Net Assets of $213,152,216.
ADR -
American Depositary Receipt
(a)
All or a portion of this security is out on loan as of July 31, 2021. Total value of securities out on loan is $23,232,695 or 10.9% of net assets.
(b)
Non-income producing security.
(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, 2021 the value of these securities amounted to $7,434,330 or 3.5% of net assets.
(d)
Illiquid security. At July 31, 2021, the value of these securities amounted to $0 or 0.0% of net assets.
(e)
The Fund has fair valued this security. Value determined using significant unobservable inputs.
(f)
Seven-day yield as of July 31, 2021.
                     
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 ratings 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 period ended July 31, 2021 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended July 31, 2021, there have been no significant changes to the Funds’ 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, 2021:

   
Category
                                   
   
Investments in Securities
                                   
   
Assets
                                   
   
Level 1
                                   
   
   Common Stocks
                                   
   
Australia
 
$
22,226,551
                               
   
Belgium
   
2,399,451
                               
   
Britain
   
1,570,316
                               
   
Canada
   
11,816,645
                               
   
Chile
   
2,106,862
                               
   
China
   
79,661,413
                               
   
France
   
999,716
                               
   
Germany
   
2,653,257
                               
   
Hong Kong
   
1,035,473
                               
   
Indonesia
   
2,389,895
                               
   
Israel
   
2,406,936
                 
     
       
   
Japan
   
11,106,512
           
                     
 
   
Netherlands
   
831,510
                                       
   
Russia
   
6,273,539
                                       
   
South Africa
   
1,932,405
                                       
   
South Korea
   
19,125,869
                                       
   
Switzerland
   
6,247,723
     
                                 
   
Taiwan
   
1,999,579
                                         
   
United States
   
34,244,926
                                         
   
   Money Market Funds
   
558,547
                                         
   
Investments Purchased
with Proceeds from
Securities Lending
   
23,957,053
                                         
   
Total Level 1
   
235,544,178
                                         
   
Level 2
                                               
   
   Common Stocks
                                               
   
Australia
   
1,539,358
                                         
   
Total Level 2
   
1,539,358
                                         
   
Level 3
                                               
   
   Common Stocks
   
0
                                         
   
Total Level 3
   
0
                                         
   
Total
 
$
237,083,536
                                         
                                                     
See the Schedule of Investments for further disaggregation of investment categories.
 
                                                     
For the period ended July 31, 2021, there were no transfers into or out of Level 3 for the Fund. Below is a reconciliation of securities in Level 3 for the Fund.
 

 
 
Balance as of
10/31/2020
   
Net
Realized
Gain (Loss)
   
Change in Net Unrealized
Appreciation (Depreciation)
   
Purchases/
Acquisition
   
Sales
   
Transfers In/Out
of Level 3
   
Balance as of
07/31/2021
   
Net Change in
Unrealized
Appreciation
(Depreciation) on
securities held at
07/31/2021
 
Common Stocks
 
$
0
   
$
(241,385
)
 
$
241,385
   
$
-
   
$
0
   
$
-
   
$
0
   
$
-
 
                                                                 
 
 
Fair Value as of
07/31/2021
   
Valuation
Techniques
   
Unobservable Input
   
Range/Weighted Average
Unobservable Input (a)
                         
Common Stocks
 
$
-
   
Proration of
Share Price
   
Corporate Action Details
   
0.00 AUD
                         
                                                                 
(a) Table presents information for one security, which is valued at $0.00 as of July 31, 2021.
 

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, 2021, 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.