Amplify Lithium & Battery Technology ETF
 
Schedule of Investments
 
January 31, 2021 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.0%
           
Consumer Discretionary - 26.2%
           
BAIC Motor Corp. Ltd. - Class H (a)
   
658,967
   
$
232,879
 
Blink Charging Co. (b) (c)
   
29,246
     
1,445,630
 
BYD Co. Ltd. - Class H
   
115,998
     
3,551,791
 
Fisker, Inc. (b) (c)
   
14,009
     
210,555
 
Kandi Technologies Group, Inc. (b) (c)
   
29,936
     
266,430
 
Li Auto, Inc. - ADR (c)
   
35,061
     
1,130,717
 
Lordstown Motors Corp. (c)
   
15,143
     
381,301
 
NIO, Inc. - ADR (c)
   
43,603
     
2,485,371
 
Panasonic Corp.
   
132,156
     
1,705,178
 
Tesla, Inc. (c)
   
6,641
     
5,269,833
 
Tianneng Power International Ltd.
   
216,394
     
427,583
 
Workhorse Group, Inc. (b) (c)
   
15,486
     
531,479
 
XPeng, Inc. - ADR (b) (c)
   
25,066
     
1,207,680
 
Yadea Group Holdings Ltd. (a)
   
241,456
     
629,080
 
             
19,475,507
 
Industrials - 14.1%
               
Contemporary Amperex Technology Co. Ltd.
   
95,826
     
5,252,127
 
EnerSys
   
5,137
     
422,415
 
Eve Energy Co. Ltd.
   
101,000
     
1,664,887
 
GS Yuasa Corp.
   
17,493
     
514,377
 
Hyliion Holdings Corp. (b) (c)
   
12,193
     
202,526
 
Nikola Corp. (b) (c)
   
29,410
     
679,077
 
Shenzhen Yinghe Technology Co. Ltd.
   
91,100
     
286,098
 
Sunwoda Electronic Co. Ltd.
   
130,100
     
545,305
 
Varta AG (b) (c)
   
3,582
     
639,868
 
Vitzrocell Co. Ltd.
   
19,235
     
262,233
 
             
10,468,913
 
Information Technology - 11.0%
               
Dynapack International Technology Corp.
   
106,374
     
341,506
 
Iljin Materials Co. Ltd.
   
8,886
     
567,192
 
L&F Co. Ltd.
   
8,975
     
591,326
 
NAURA Technology Group Co. Ltd.
   
30,983
     
961,025
 
NEC Corp.
   
17,424
     
948,177
 
Power Logics Co. Ltd.
   
37,750
     
300,353
 
Samsung SDI Co. Ltd.
   
3,410
     
2,237,565
 
Simplo Technology Co. Ltd.
   
32,393
     
417,601
 
SolarEdge Technologies, Inc. (c)
   
3,164
     
912,276
 
Wuxi Lead Intelligent Equipment Co. Ltd.
   
65,600
     
908,742
 
             
8,185,763
 
Materials - 47.7%
               
African Rainbow Minerals Ltd.
   
28,710
     
520,633
 
Albemarle Corp.
   
6,092
     
990,925
 
AMG Advanced Metallurgical Group NV
   
14,009
     
443,886
 
Aneka Tambang Tbk
   
4,418,327
     
699,122
 
Beijing Easpring Material Technology Co. Ltd. (c)
   
55,400
     
496,309
 
BHP Group Ltd. - ADR (b)
   
68,822
     
4,595,933
 
China Molybdenum Co. Ltd. - Class H
   
1,967,458
     
1,243,420
 
Cowan Lithium Ltd. (c) (d) (e)
   
14,896
     
 
Eramet SA (c)
   
9,233
     
498,049
 
First Quantum Minerals Ltd.
   
52,985
     
882,565
 
Galaxy Resources Ltd. (c)
   
278,840
     
573,249
 
Ganfeng Lithium Co. Ltd. - Class H (a)
   
123,128
     
1,735,774
 
Glencore PLC (c)
   
618,327
     
2,087,494
 
IGO Ltd.
   
119,408
     
585,875
 
Johnson Matthey PLC
   
16,634
     
672,790
 
LG Chem Ltd.
   
3,315
     
2,717,553
 
Lithium Americas Corp. (c)
   
32,466
     
642,084
 
Livent Corp. (c)
   
27,673
     
504,202
 
Lundin Mining Corp.
   
73,969
     
659,430
 
Mineral Resources Ltd.
   
22,193
     
582,612
 
MMC Norilsk Nickel PJSC - ADR
   
77,797
     
2,507,397
 
Nanjing Hanrui Cobalt Co. Ltd.
   
39,810
     
653,826
 
Orocobre Ltd. (c)
   
148,256
     
566,524
 
Piedmont Lithium Ltd. - ADR (b) (c)
   
12,196
     
605,897
 
Pilbara Minerals Ltd. (c)
   
979,376
     
696,095
 
Shanghai Putailai New Energy Technology Co. Ltd.
   
34,800
     
534,863
 
Shenzhen Capchem Technology Co. Ltd.
   
39,100
     
501,701
 
Showa Denko KK
   
21,418
     
510,581
 
Sociedad Quimica y Minera de Chile SA - ADR
   
15,756
     
802,611
 
South32 Ltd.
   
373,506
     
725,049
 
Sumitomo Metal Mining Co. Ltd.
   
19,927
     
864,464
 
Tianqi Lithium Corp. (c)
   
64,630
     
599,704
 
Umicore SA
   
17,315
     
982,759
 
Vale Indonesia Tbk PT (c)
   
1,331,204
     
521,855
 
Western Areas Ltd.
   
210,888
     
377,141
 
W-Scope Corp. (c)
   
40,457
     
390,105
 
Yunnan Energy New Material Co. Ltd.
   
53,408
     
1,090,926
 
Zhejiang Huayou Cobalt Co. Ltd. (c)
   
90,538
     
1,387,610
 
             
35,451,013
 
Total Common Stocks (Cost $64,026,727)
           
73,581,196
 
                 
MONEY MARKET FUNDS - 1.0%
               
STIT-Government & Agency Portfolio - Institutional Class - 0.03% (f)
   
712,076
     
712,076
 
Total Money Market Funds (Cost $712,076)
           
712,076
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 12.9%
               
First American Government Obligations Fund, Class X - 0.04% (f)
   
9,597,827
     
9,597,827
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $9,597,827)
           
9,597,827
 
Total Investments - 112.9%
               
(Cost $74,336,630)
         
$
83,891,099
 

Percentages are based on Net Assets of $74,324,455.
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 January 31, 2021 the value of these securities amounted to $2,597,733 or 3.5% of net assets.
(b)
All or a portion of this security is out on loan as of January 31. 2021. Total value of securities out on loan is $8,872,994 or 11.9% of net assets.
(c)
Non-income producing security.
(d)
The Fund had fair valued securities. Values are determined using significant unobservable inputs.
(e)
Illiquid security. At January 31, 2021, the value of these securities amounted to $0 or 0.0% of net assets.
(f)
Seven-day yield as of January 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 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 Financial Services LLC (“S&P”). GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by the Fund’s Administrator, U.S. Bancorp Fund Services, LLC.

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 January 31, 2021 maximized the use of observable inputs and minimized the use of unobservable inputs. For the period ended January 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.
 
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 January 31, 2021:

 
Category
                   
 
Investments in Securities
                   
 
Assets
                   
 
Level 1
                   
 
   Common Stocks
                   
 
Australia
  $
                                           9,308,376
             
 
Belgium
   
                                                982,759
             
 
Britain
   
                                                672,790
             
 
Canada
   
                                             2,184,080
             
 
Chile
   
                                                802,611
             
 
China
   
                                           27,793,848
             
 
France
   
                                                498,048
             
 
Germany
   
                                                639,868
             
 
Indonesia
   
                                             1,220,977
             
 
Israel
   
                                                912,276
             
 
Japan
   
                                             4,932,882
             
 
Netherlands
   
                                                443,885
             
 
Russia
   
                                             2,507,397
             
 
South Africa
   
                                                520,633
             
 
South Korea
   
                                             6,676,222
             
 
Switzerland
   
                                             2,087,494
             
 
Taiwan
   
                                                759,107
             
 
United States
   
                                           10,637,943
             
 
   Money Market Funds
   
                                               712,076
             
 
Investments Purchased with Proceeds from Securities Lending
   
                                            9,597,827
             
 
Total Level 1
   
                                           83,891,099
             
 
Level 2
   
                                                          -
             
 
Total Level 2
   
                                                          -
             
 
Level 3
                   
 
   Common Stocks
   
0
             
 
Total Level 3
   
0
             
 
Total
  $
                                         83,891,099
             
                       
See the Schedules of Investments for further disaggregation of investment categories.
                       
For the period ended January 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
01/31/2021
   
Net Change in
Unrealized
Appreciation (Depreciation) on securities held at 01/31/2021
 
Common Stocks
 
$
-
   
$
(241,385
)
 
$
-
   
$
-
   
$
(241,385
)
 
$
-
   
$
0
   
$
-
 

 
 
Fair Value as of
01/31/2021
     
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 January 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 January 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.