Amplify Lithium & Battery Technology ETF
 
Schedule of Investments
 
January 31, 2023 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.7%
           
Consumer Discretionary - 20.3%
           
BAIC Motor Corp. Ltd. - Class H (a)
   
1,315,920
   
$
402,773
 
BYD Co. Ltd. - Class H
   
322,226
     
10,068,086
 
CALB Co Ltd. (a) (b)
   
167,441
     
532,786
 
EVgo, Inc. (b) (c)
   
129,456
     
891,952
 
Fisker, Inc. (b) (c)
   
43,777
     
326,139
 
Li Auto, Inc. - ADR (b) (c)
   
89,705
     
2,233,654
 
Lucid Group, Inc. (b) (c)
   
152,439
     
1,782,012
 
NIO, Inc. - ADR (b)
   
133,826
     
1,615,280
 
Panasonic Holdings Corp.
   
303,722
     
2,800,034
 
Polestar Automotive Holding UK PLC - ADR (b) (c)
   
197,170
     
1,104,152
 
QuantumScape Corp. (b) (c)
   
50,689
     
431,363
 
Rivian Automotive, Inc. - Class A (b)
   
85,257
     
1,653,986
 
Tesla, Inc. (b)
   
51,272
     
8,881,336
 
Tianneng Power International Ltd.
   
293,642
     
434,407
 
XPeng, Inc. - ADR (b) (c)
   
77,443
     
823,993
 
Yadea Group Holdings Ltd. (a)
   
327,462
     
745,869
 
Zhejiang Leapmotor Technologies Ltd. (a) (b)
   
110,068
     
390,235
 
             
35,118,057
 
Industrials - 19.7%
               
Blink Charging Co. (b) (c)
   
57,583
     
783,705
 
ChargePoint Holdings, Inc. (b) (c)
   
88,696
     
1,076,769
 
Contemporary Amperex Technology Co. Ltd.
   
198,133
     
13,640,988
 
Ecopro BM Co. Ltd.
   
18,123
     
1,468,319
 
EnerSys
   
14,393
     
1,194,907
 
Eve Energy Co. Ltd.
   
214,576
     
2,796,146
 
FREYR Battery SA (b) (c)
   
70,155
     
618,065
 
FuelCell Energy, Inc. (b)
   
280,276
     
1,025,810
 
GS Yuasa Corp.
   
55,019
     
955,272
 
Hyliion Holdings Corp. (b)
   
282,543
     
1,011,504
 
Kempower Oyj (b)
   
39,890
     
996,990
 
Li-Cycle Holdings Corp. (b) (c)
   
142,601
     
775,749
 
Microvast Holdings, Inc. (b)
   
344,313
     
561,230
 
Nikola Corp. (b) (c)
   
300,080
     
813,217
 
Plug Power, Inc. (b)
   
99,658
     
1,696,179
 
Proterra, Inc. (b)
   
141,147
     
719,850
 
The Lion Electric Co. (b) (c)
   
255,630
     
669,750
 
Varta AG (c)
   
28,408
     
859,183
 
Wallbox NV (b) (c)
   
134,321
     
750,854
 
Wuxi Lead Intelligent Equipment Co. Ltd.
   
231,013
     
1,577,136
 
             
33,991,623
 
Information Technology - 9.8%
               
Iljin Materials Co. Ltd.
   
20,369
     
1,038,459
 
L&F Co. Ltd.
   
7,734
     
1,293,395
 
NAURA Technology Group Co. Ltd.
   
65,758
     
2,280,088
 
NEC Corp.
   
47,212
     
1,695,664
 
Novonix Ltd. - ADR (b) (c)
   
120,274
     
641,060
 
Samsung SDI Co. Ltd.
   
7,636
     
4,246,355
 
Simplo Technology Co. Ltd.
   
109,235
     
1,076,888
 
SolarEdge Technologies, Inc. (b)
   
8,448
     
2,696,010
 
TDK Corp.
   
57,193
     
2,023,384
 
             
16,991,303
 
Materials - 49.9%
               
African Rainbow Minerals Ltd.
   
68,895
     
1,123,503
 
Albemarle Corp.
   
12,741
     
3,585,954
 
Allkem Ltd. (b)
   
126,663
     
1,160,479
 
AMG Advanced Metallurgical Group NV
   
23,660
     
919,299
 
Aneka Tambang Tbk
   
7,946,333
     
1,224,552
 
BHP Group Ltd. - ADR
   
207,759
     
14,574,294
 
CMOC Group Ltd. - Class H
   
4,842,516
     
2,791,449
 
Core Lithium Ltd. (b) (c)
   
987,242
     
808,341
 
Eramet SA
   
11,954
     
1,189,110
 
First Quantum Minerals Ltd.
   
90,784
     
2,106,273
 
Ganfeng Lithium Co. Ltd. - Class H (a)
   
325,599
     
2,960,689
 
Glencore PLC
   
1,259,814
     
8,405,697
 
Guangzhou Tinci Materials Technology Co. Ltd.
   
271,194
     
1,969,854
 
IGO Ltd.
   
139,440
     
1,434,035
 
ioneer Ltd. (b)
   
1,935,164
     
587,353
 
Jinchuan Group International Resources Co. Ltd.
   
10,624,762
     
1,043,350
 
Johnson Matthey PLC
   
49,150
     
1,367,011
 
LG Chem Ltd.
   
7,773
     
4,354,092
 
Liontown Resources Ltd. (b) (c)
   
750,127
     
831,280
 
Lithium Americas Corp. (b) (c)
   
37,923
     
953,669
 
Livent Corp. (b)
   
39,063
     
1,012,513
 
Lundin Mining Corp.
   
192,489
     
1,456,814
 
Mineral Resources Ltd.
   
31,342
     
1,967,600
 
MMC Norilsk Nickel PJSC - ADR (d) (e)
   
182,937
     
 
MP Materials Corp. (b)
   
37,191
     
1,209,079
 
Neometals Ltd. (b)
   
1,115,719
     
665,464
 
Piedmont Lithium, Inc. (b)
   
13,896
     
953,821
 
Pilbara Minerals Ltd. (b)
   
467,292
     
1,566,733
 
Resonac Holdings Corp.
   
64,666
     
1,095,445
 
Shanghai Putailai New Energy Technology Co. Ltd.
   
209,078
     
1,708,035
 
SK IE Technology Co. Ltd. (a) (b)
   
23,426
     
1,274,186
 
Sociedad Quimica y Minera de Chile SA - ADR
   
31,964
     
3,117,769
 
South32 Ltd.
   
684,184
     
2,192,510
 
Standard Lithium Ltd. (b) (c)
   
183,524
     
826,206
 
Sumitomo Metal Mining Co. Ltd.
   
50,702
     
2,044,206
 
Tianqi Lithium Corp. (b)
   
281,896
     
2,601,044
 
Umicore SA
   
42,313
     
1,592,994
 
Vale Indonesia Tbk PT (b)
   
2,548,580
     
1,262,389
 
Vulcan Energy Resources Ltd. (b)
   
173,062
     
870,972
 
W-Scope Corp. (b)
   
67,039
     
746,280
 
Yunnan Energy New Material Co. Ltd.
   
111,398
     
2,570,070
 
Zhejiang Huayou Cobalt Co. Ltd.
   
214,202
     
2,083,706
 
             
86,208,120
 
Total Common Stocks (Cost $198,489,669)
           
172,309,103
 
                 
MONEY MARKET FUNDS - 0.2%
               
Invesco Government & Agency Portfolio - Institutional Class - 4.30% (f)
   
306,260
     
306,260
 
Total Money Market Funds (Cost $306,260)
           
306,260
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 9.5%
               
First American Government Obligations Fund - Class X - 4.10% (f)
   
16,464,445
     
16,464,445
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $16,464,445)
           
16,464,445
 
Total Investments - 109.4%
               
(Cost $215,260,374)
         
$
189,079,808
 

Percentages are based on Net Assets of $172,806,638.
                   
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, 2023, the value of these securities amounted to $6,306,538 or 3.6% of net assets.
(b)
Non-income producing security.
(c)
All or a portion of this security is out on loan as of January 31, 2023. Total value of the securities out on loan is $16,160,759 or 9.4% of net assets.
(d)
Illiquid security. At January 31, 2023, the value of this security 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 January 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 Financial Services LLC ("S&P").  GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by the 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 January 31, 2023 maximized the use of observable inputs and minimized the use of unobservable inputs.
                                     
For the period ended January 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 January 31, 2023:
                                     
   
Category
                               
   
Investments in Securities
                       
   
Assets
                               
   
Level 1
                               
   
   Common Stocks
                           
   
Australia
 
 $  27,300,121
                           
   
Belgium
 
       1,592,994
                           
   
Britain
 
       2,471,163
                           
   
Canada
 
       6,788,462
                           
   
Chile
 
       3,117,769
                           
   
China
 
     54,226,288
                           
   
Finland
 
          996,990
                           
   
France
 
       1,189,110
                           
   
Germany
 
          859,183
                           
   
Hong Kong
 
       1,043,350
                           
   
Indonesia
 
       2,486,940
                           
   
Israel
 
       2,696,010
                           
   
Japan
 
     11,360,284
                           
   
Netherlands
 
          919,299
                           
   
Norway
 
          618,066
                           
   
South Africa
 
       1,123,503
                           
   
South Korea
 
     13,674,805
                           
   
Spain
 
          750,854
                           
   
Switzerland
 
       8,405,697
                           
   
Taiwan
 
       1,076,888
                           
   
United States
 
     29,611,327
                           
   
   Money Market Funds
                           
   
United States
 
         306,260
                           
   
   Investments Purchased with
Proceeds from Securities Lending
       
   
United States
 
    16,464,445
                           
   
Total Level 1
 
   189,079,808
                           
   
Level 2
 
                      -
                           
   
Total Level 2
 
                    -
                           
   
Level 3
                               
   
Common Stocks
                             
   
Russia
 
0
                           
   
Total Level 3
 
0
                           
   
Total
 
 $189,079,808
                           

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
01/31/2023
   
Net Change in Unrealized Appreciation (Depreciation) on Securities held at 01/31/2023
 
Common Stocks
 
$
0
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
0
   
$
-
 
                                                                         
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
         
                                                                         
BATT
                 
Fair Value as
of 01/31/23
   
Valuation Techniques
   
Unobservable
Input
   
Range/Weighted Average Unobservable
Input
   
Impact to
Valuation
from an
Increase to
Input
               
Common Stocks
           
$
0
   
Market Approach
   
No Market Activity
     
-
   
Increase
                 
                                                                         
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, 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.