Amplify Transformational Data Sharing ETF
 
Schedule of Investments
 
January 31, 2022 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 92.9%
           
Banks - 6.8%
           
Customers Bancorp, Inc. (a)
   
227,664
   
$
13,272,811
 
Signature Bank/New York NY
   
51,243
     
15,610,155
 
Silvergate Capital Corp. (a)
   
340,004
     
36,632,031
 
             
65,514,997
 
Diversified Financials - 22.1%
               
CME Group, Inc.
   
172,206
     
39,521,277
 
Coinbase Global, Inc. - Class A (a)
   
222,822
     
42,369,603
 
EQONEX Ltd. (a) (b)
   
1,270,500
     
2,109,030
 
Galaxy Digital Holdings Ltd. (a) (b)
   
2,849,814
     
37,910,833
 
Mogo, Inc. (a) (b)
   
5,285,562
     
11,469,670
 
Nocturne Acquisition Corp. (a) (c)
   
380,000
     
3,617,600
 
Robinhood Markets, Inc. - Class A (a) (b)
   
530,747
     
7,510,070
 
SBI Holdings, Inc./Japan
   
1,632,944
     
41,745,927
 
Vontobel Holding AG
   
136,222
     
11,245,867
 
WisdomTree Investments, Inc.
   
2,497,507
     
14,011,014
 
             
211,510,891
 
Media & Entertainment - 3.9%
               
Twitter, Inc. (a)
   
305,880
     
11,473,559
 
Z Holdings Corp.
   
5,188,534
     
26,019,316
 
             
37,492,875
 
Retailing - 3.5%
               
Overstock.com, Inc. (a)
   
594,329
     
28,492,132
 
Rakuten Group, Inc. (a)
   
577,747
     
4,975,211
 
             
33,467,343
 
Semiconductors & Semiconductor Equipment - 7.9%
               
Advanced Micro Devices, Inc. (a)
   
176,497
     
20,164,782
 
NVIDIA Corp.
   
174,089
     
42,627,433
 
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
   
105,377
     
12,922,381
 
             
75,714,596
 
Software & Services - 46.5%
               
Accenture PLC - Class A
   
73,597
     
26,022,427
 
Argo Blockchain PLC (a)
   
22,856,985
     
23,055,260
 
BIGG Digital Assets, Inc. (a) (b)
   
6,317,198
     
4,273,918
 
Bitfarms Ltd./Canada (a) (b)
   
7,784,367
     
28,231,076
 
Block, Inc. (a)
   
212,678
     
26,008,393
 
Core Scientific, Inc. (a) (b)
   
1,292,362
     
11,217,702
 
Digital Garage, Inc.
   
871,073
     
30,466,361
 
GMO internet, Inc.
   
1,583,561
     
33,341,748
 
Hive Blockchain Technologies Ltd. (a) (b)
   
16,470,426
     
32,392,766
 
Hut 8 Mining Corp. (a) (b)
   
5,366,622
     
31,748,415
 
International Business Machines Corp.
   
189,562
     
25,319,796
 
Marathon Digital Holdings, Inc. (a) (b)
   
1,079,152
     
25,403,238
 
Mastercard, Inc. - Class A
   
23,683
     
9,150,638
 
MicroStrategy, Inc. (a) (b)
   
82,534
     
30,373,337
 
PayPal Holdings, Inc. (a)
   
220,482
     
37,909,675
 
Riot Blockchain, Inc. (a) (b)
   
1,828,778
     
29,150,721
 
Stronghold Digital Mining, Inc. - Class A (a) (b)
   
1,127,471
     
10,068,316
 
Visa, Inc. - Class A
   
36,923
     
8,350,875
 
Voyager Digital Ltd. (a)
   
2,851,195
     
23,102,945
 
             
445,587,607
 
Technology Hardware & Equipment - 2.2%
               
Canaan, Inc. - ADR (a) (b)
   
2,437,609
     
10,481,719
 
CompoSecure, Inc. (a)
   
1,353,720
     
10,423,644
 
             
20,905,363
 
Total Common Stocks (Cost $1,160,046,000)
           
890,193,672
 
                 
CONVERTIBLE BONDS - 2.9%
 
Par Value
         
Core Scientific, Inc. 4.000% Cash and 6.000% PIK, 04/19/2025 (d) (e) (f)
 
$
27,082,072
     
27,082,072
 
Total Convertible Bonds (Cost $27,072,209)
           
27,082,072
 
                 
EXCHANGE TRADED FUNDS - 3.3%
 
Shares
         
3iQ CoinShares Bitcoin ETF (a)
   
2,285,848
     
14,698,003
 
Bitcoin ETF (a)
   
152,560
     
2,218,222
 
Purpose Bitcoin ETF (a) (b)
   
2,066,695
     
14,921,538
 
Total Exchange Traded Funds (Cost $41,396,515)
           
31,837,763
 
                 
MONEY MARKET FUNDS - 1.5%
               
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (g)
   
14,288,062
     
14,288,062
 
Total Money Market Funds (Cost $14,288,062)
           
14,288,062
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 17.0%
               
First American Government Obligations Fund - Class X - 0.03% (g)
   
162,937,461
     
162,937,461
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $162,937,461)
           
162,937,461
 
Total Investments - 117.6%
               
(Cost $1,405,740,247)
         
$
1,126,339,030
 

Percentages are based on Net Assets of $958,089,332.
ADR -
American Depositary Receipt
PIK -
Payment In-Kind
(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 $169,622,919 or 17.7% of net assets.
(c)
Special Purpose Acquistion Company.
(d)
Illiquid security. At January 31, 2022, the value of this security amounted to $27,082,072 or 2.8% of net assets.
(e)
Restricted. Aquired on September 24, 2021.
(f)
The Fund had fair valued this security. Value is determined using significant unobservable inputs.
(g)
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 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 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 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. 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
                       
   
Britain
     $
       23,055,260
                         
   
Canada
     
          139,953,607
                         
   
China
     
            10,481,719
                         
   
Hong Kong
   
              2,109,030
                         
   
Ireland
     
            26,022,427
                         
   
Japan
     
          136,548,563
                         
   
Switzerland
   
            11,245,867
                         
   
Taiwan
     
            12,922,382
                         
   
United States
   
          559,692,580
                         
   
Money Market Funds
   
           14,288,062
                         
   
Investments Purchased with Proceeds from Securities Lending
   
         162,937,461
                         
   
Total Level 1
   
       1,099,256,958
                         
   
Level 2
                                 
   
Total Level 2
   
                           -
                         
   
Level 3
                                 
   
   Convertible Bonds
                       
   
United States
   
            27,082,072
                         
   
Total Level 3
   
            27,082,072
                         
   
Total
    $
     1,126,339,030
                         
                                       
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. Below is a reconciliation of securities in Level 3 for the Fund.

BLOK
 
Balance as of 10/31/2021
   
Net Realized
Gain (Loss)
   
Change in Net Unrealized Appreciation (Depreciation)
   
Purchases/
Acquisition
   
Sales
   
Corporate
Action
   
Transfers In/Out
of Level 3
   
Balance as of 10/31/2021
   
Net Change in Unrealized Appreciation (Depreciation) on Securities held at 10/31/2021
 
Convertible Bonds
 
$
26,678,603
   
$
-
   
$
-
   
$
403,469
   
$
-
   
$
-
   
$
-
   
$
27,082,072
   
$
-
 
                                                                         
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
 

BLOK
 
Fair Value as of
10/31/2021
 
Valuation
Techniques
 
Unobservable
Input
 
Range/Weighted
Average
Unobservable
Input
 
Convertible Bonds
 
$
-
 
Cost
 
None
   
-
 

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.