Amplify Lithium & Battery Technology ETF
 
Schedule of Investments
 
January 31, 2022 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.6%
           
Consumer Discretionary - 19.3%
           
Arrival SA (a) (b)
   
57,082
   
$
223,190
 
BYD Co. Ltd. - Class H
   
329,433
     
9,354,367
 
EVgo, Inc. (a) (b)
   
167,880
     
1,385,010
 
Fisker, Inc. (a) (b)
   
31,057
     
366,783
 
Li Auto, Inc. - ADR (a)
   
93,675
     
2,443,981
 
Lucid Group, Inc. (a) (b)
   
153,730
     
4,518,125
 
NIO, Inc. - ADR (a)
   
153,998
     
3,774,491
 
Panasonic Corp.
   
360,618
     
3,924,870
 
QuantumScape Corp. (a) (b)
   
42,317
     
706,271
 
Tesla, Inc. (a)
   
14,160
     
13,263,955
 
XPeng, Inc. - ADR (a)
   
80,042
     
2,808,674
 
Yadea Group Holdings Ltd. (c)
   
318,018
     
451,104
 
             
43,220,821
 
Industrials - 20.2%
               
Blink Charging Co. (a) (b)
   
47,901
     
1,001,610
 
ChargePoint Holdings, Inc. (a) (b)
   
88,802
     
1,229,908
 
Contemporary Amperex Technology Co. Ltd.
   
184,379
     
17,165,277
 
Ecopro BM Co. Ltd.
   
6,301
     
1,715,984
 
EnerSys
   
21,711
     
1,626,805
 
Eos Energy Enterprises, Inc. (a)
   
133,847
     
554,126
 
Eve Energy Co. Ltd.
   
269,573
     
3,949,991
 
FREYR Battery SA (a) (b)
   
140,015
     
1,271,336
 
FuelCell Energy, Inc. (a) (b)
   
187,533
     
795,140
 
GS Yuasa Corp.
   
74,587
     
1,579,497
 
Hyliion Holdings Corp. (a) (b)
   
184,934
     
822,956
 
Li-Cycle Holdings Corp. (a)
   
124,001
     
939,927
 
Lightning eMotors, Inc. (a) (b)
   
181,713
     
819,525
 
Microvast Holdings, Inc. (a) (b)
   
187,253
     
1,037,381
 
Nikola Corp. (a) (b)
   
128,400
     
1,031,052
 
Plug Power, Inc. (a)
   
91,286
     
1,996,425
 
Proterra, Inc. (a) (b)
   
143,837
     
1,137,751
 
Romeo Power, Inc. (a) (b)
   
343,883
     
811,564
 
Sunwoda Electronic Co. Ltd.
   
340,900
     
1,883,550
 
The Lion Electric Co. (a) (b)
   
122,971
     
1,078,456
 
Varta AG (b)
   
13,371
     
1,430,354
 
Wallbox NV (a) (b)
   
109,362
     
1,315,625
 
             
45,194,240
 
Information Technology - 9.7%
               
Dynapack International Technology Corp.
   
412,499
     
1,505,309
 
Iljin Materials Co. Ltd.
   
21,925
     
1,704,166
 
L&F Co. Ltd. (a)
   
12,511
     
1,751,851
 
NAURA Technology Group Co. Ltd.
   
72,284
     
3,213,707
 
NEC Corp.
   
56,057
     
2,167,654
 
Samsung SDI Co. Ltd.
   
9,047
     
4,382,786
 
Simplo Technology Co. Ltd.
   
146,854
     
1,657,876
 
SolarEdge Technologies, Inc. (a)
   
9,279
     
2,210,443
 
Wuxi Lead Intelligent Equipment Co. Ltd.
   
265,992
     
3,002,849
 
             
21,596,641
 
Materials - 49.8%
               
African Rainbow Minerals Ltd.
   
136,628
     
2,024,975
 
Albemarle Corp.
   
16,501
     
3,642,431
 
Allkem Ltd. (a)
   
278,175
     
1,778,016
 
AMG Advanced Metallurgical Group NV
   
53,322
     
1,818,694
 
Aneka Tambang Tbk
   
11,643,181
     
1,432,932
 
BHP Group Ltd. - ADR (b)
   
273,756
     
17,410,882
 
China Molybdenum Co. Ltd. - Class H
   
5,533,711
     
2,810,485
 
Eramet SA (a)
   
20,864
     
2,132,998
 
First Quantum Minerals Ltd.
   
127,871
     
3,149,621
 
Ganfeng Lithium Co. Ltd. - Class H (c)
   
259,371
     
4,071,669
 
Glencore PLC
   
1,586,427
     
8,171,630
 
IGO Ltd.
   
274,251
     
2,278,428
 
ioneer Ltd. (a)
   
2,794,738
     
1,304,170
 
Jinchuan Group International Resources Co. Ltd.
   
11,132,962
     
1,970,423
 
Johnson Matthey PLC
   
59,237
     
1,545,556
 
Largo, Inc. (a) (b)
   
126,678
     
1,058,349
 
LG Chem Ltd.
   
8,954
     
4,746,251
 
Lithium Americas Corp. (a) (b)
   
54,527
     
1,428,001
 
Livent Corp. (a)
   
62,891
     
1,447,122
 
Lundin Mining Corp.
   
223,319
     
1,860,479
 
Mineral Resources Ltd.
   
67,831
     
2,657,453
 
MMC Norilsk Nickel PJSC - ADR
   
207,530
     
5,835,744
 
Neo Lithium Corp. (a)
   
293,507
     
1,499,688
 
Nouveau Monde Graphite, Inc. (a)
   
162,679
     
1,136,443
 
Piedmont Lithium, Inc. (a) (b)
   
23,440
     
1,134,027
 
Pilbara Minerals Ltd. (a)
   
1,131,192
     
2,559,385
 
Shanghai Putailai New Energy Technology Co. Ltd.
   
122,200
     
2,731,831
 
Showa Denko KK
   
77,497
     
1,595,328
 
SK IE Technology Co., Ltd. (a) (c)
   
17,651
     
1,683,837
 
Sociedad Quimica y Minera de Chile SA - ADR
   
50,330
     
2,725,369
 
South32 Ltd.
   
990,147
     
2,695,316
 
Standard Lithium Ltd. (a)
   
130,095
     
955,896
 
Sumitomo Metal Mining Co. Ltd.
   
67,642
     
3,084,682
 
TMC the metals co., Inc. (a) (b)
   
472,490
     
718,185
 
Umicore SA
   
49,239
     
1,848,703
 
Vale Indonesia Tbk PT
   
5,488,113
     
1,797,317
 
Vulcan Energy Resources Ltd. (a)
   
170,987
     
1,111,035
 
Western Areas Ltd. (a)
   
671,282
     
1,632,724
 
Yunnan Energy New Material Co. Ltd.
   
121,054
     
4,832,195
 
Zhejiang Huayou Cobalt Co. Ltd.
   
204,979
     
3,167,742
 
             
111,486,012
 
Utilities - 0.6%
               
Fastned BV (a) (b)
   
26,745
     
1,398,665
 
Total Common Stocks (Cost $241,329,126)
           
222,896,379
 
                 
MONEY MARKET FUNDS - 0.1%
               
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (d)
   
209,898
     
209,898
 
Total Money Market Funds (Cost $209,898)
           
209,898
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 13.5%
               
First American Government Obligations Fund, Class X - 0.03%  (d)
   
30,138,364
     
30,138,364
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $30,138,364)
           
30,138,364
 
Total Investments - 113.2%
               
(Cost $271,677,388)
         
$
253,244,641
 

Percentages are based on Net Assets of $223,673,024.
                     
ADR -
American Depositary Receipt
(a)
Non-income producing security.
(b)
All or a portion of this security is out on loan as of January 31, 2022. Total value of securities out on loan is $30,721,743 or 13.7% 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 January 31, 2022 the value of these securities amounted to $6,206,610 or 2.8% of net assets.
(d)
Seven-day yield as of January 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 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 January 31, 2022 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended January 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 January 31, 2022:
                     
 
Category
                 
 
Investments in Securities
             
 
Assets
                 
 
Level 1
                 
 
   Common Stocks
                 
 
Australia
   $
   33,427,409
           
 
Belgium
   
       1,848,703
           
 
Britain
   
       1,545,555
           
 
Canada
   
     13,825,046
           
 
Chile
   
       2,725,369
           
 
China
   
     65,661,912
           
 
France
   
       2,132,998
           
 
Germany
   
       1,430,354
           
 
Hong Kong
   
       1,970,423
           
 
Indonesia
   
       3,230,249
           
 
Israel
   
       2,210,443
           
 
Japan
   
     12,352,032
           
 
Luxembourg
   
          223,191
           
 
Netherlands
   
       3,217,359
           
 
Norway
   
       1,271,336
           
 
Russia
   
       5,835,744
           
 
South Africa
   
       2,024,974
           
 
South Korea
   
     15,984,875
           
 
Spain
   
       1,315,625
           
 
Switzerland
   
       8,171,630
           
 
Taiwan
   
       3,163,184
           
 
United States
   
     39,327,968
           
 
   Money Market Funds
 
         209,898
           
 
   Investments Purchased with
Proceeds from Securities Lending
 
    30,138,364
           
 
Total Level 1
   
   253,244,641
           
 
Level 2
                 
 
Total Level 2
   
                    -
           
 
Level 3
                 
 
Total Level 3
   
                    -
           
 
Total
   $
 253,244,641
           
                     
See the Schedule of Investments for further disaggregation of investment categories.
                     
For the period ended January 31, 2022, there were no transfers into or out of Level 3 for the Fund.
                     
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, 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.