Amplify Blockchain Technology ETF
 
Schedule of Investments
 
December 31, 2025 (Unaudited)
 
   
COMMON STOCKS - 91.3%
 
Shares
   
Value
 
Banks - 6.6%
       
Customers Bancorp, Inc. (a)
   
309,333
   
$
22,618,429
 
DBS Group Holdings Ltd.
   
333,703
     
14,631,633
 
NU Holdings Ltd. - Class A (a)
   
2,157,290
     
36,113,035
 
             
73,363,097
 
                 
Consumer Discretionary Distribution & Retail - 6.1%
         
Bed Bath & Beyond, Inc. (a)
   
5,693,135
     
31,084,517
 
GameStop Corp. - Class A (a)
   
700,800
     
14,072,064
 
MercadoLibre, Inc. (a)
   
11,076
     
22,309,944
 
             
67,466,525
 
                 
Consumer Services - 2.8%
         
Metaplanet, Inc. (a)
   
4,908,200
     
12,690,379
 
Sharplink Gaming, Inc. (a)
   
2,057,432
     
18,393,442
 
             
31,083,821
 
                 
Financial Services - 33.8% (b)
         
Bakkt Holdings, Inc. (a)(c)
   
130,123
     
1,306,435
 
Blackrock, Inc.
   
26,269
     
28,116,761
 
Block, Inc. (a)
   
376,670
     
24,517,450
 
CME Group, Inc.
   
89,153
     
24,345,901
 
Coinbase Global, Inc. - Class A (a)
   
148,755
     
33,639,456
 
Etoro Group Ltd. - Class A (a)
   
484,333
     
17,014,618
 
Figure Technology Solutions, Inc. - Class A (a)(c)
   
723,883
     
29,563,382
 
Galaxy Digital, Inc. - Class A (a)
   
1,919,010
     
42,909,064
 
Mastercard, Inc. - Class A
   
16,848
     
9,618,186
 
Orion Digital Corp. (a)
   
585,881
     
626,893
 
PayPal Holdings, Inc.
   
538,891
     
31,460,456
 
Robinhood Markets, Inc. - Class A (a)
   
427,896
     
48,395,038
 
SBI Holdings, Inc.
   
1,678,082
     
36,156,325
 
Shift4 Payments, Inc. - Class A (a)(c)
   
118,480
     
7,460,686
 
Visa, Inc. - Class A
   
24,677
     
8,654,471
 
Webull Corp. (a)
   
1,623,176
     
12,612,077
 
WisdomTree, Inc.
   
1,378,785
     
16,807,389
 
             
373,204,588
 
                 
Media & Entertainment - 2.2%
         
ROBLOX Corp. - Class A (a)
   
301,551
     
24,434,678
 
                 
Semiconductors & Semiconductor Equipment - 6.9%
         
Advanced Micro Devices, Inc. (a)
   
73,868
     
15,819,571
 
Broadcom, Inc.
   
46,975
     
16,258,047
 
NVIDIA Corp.
   
102,565
     
19,128,373
 
QUALCOMM, Inc.
   
55,661
     
9,520,814
 
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
   
52,338
     
15,904,995
 
             
76,631,800
 
                 
Software & Services - 28.5% (b)
         
BIGG Digital Assets, Inc. (a)
   
5,295,383
     
231,484
 
Bitdeer Technologies Group (a)
   
403,137
     
4,519,166
 
Cipher Mining, Inc. (a)
   
2,604,311
     
38,439,630
 
Circle Internet Group, Inc. (a)
   
157,283
     
12,472,542
 
Cleanspark, Inc. (a)
   
3,367,972
     
34,083,877
 
Core Scientific, Inc. (a)
   
1,790,844
     
26,074,689
 
Digital Garage, Inc.
   
393,019
     
6,789,514
 
Exodus Movement, Inc. - Class A (a)(c)
   
323,951
     
4,791,235
 
Hive Digital Technologies Ltd. (a)
   
4,279,036
     
11,039,913
 
Hut 8 Corp. (a)
   
858,598
     
39,443,992
 
International Business Machines Corp.
   
126,926
     
37,596,750
 
IREN Ltd. (a)
   
290,541
     
10,973,733
 
Opera Ltd. - ADR (c)
   
2,132,451
     
30,195,506
 
Riot Platforms, Inc. (a)
   
621,007
     
7,868,159
 
Strategy, Inc. - Class A (a)(c)
   
121,030
     
18,390,508
 
Terawulf, Inc. (a)(c)
   
2,737,594
     
31,454,955
 
             
314,365,653
 
                 
Technology Hardware & Equipment - 4.4%
         
Canaan, Inc. - ADR (a)(c)
   
5,685,763
     
3,923,177
 
CompoSecure, Inc. - Class A (a)
   
1,614,472
     
31,127,020
 
Dell Technologies, Inc. - Class C
   
108,781
     
13,693,352
 
             
48,743,549
 
TOTAL COMMON STOCKS (Cost $929,012,930)
     
1,009,293,711
 
                 
EXCHANGE TRADED FUNDS - 6.7%
 
Shares
   
Value
 
Bitwise Bitcoin ETF (a)
   
478,254
     
22,745,760
 
Fidelity Wise Origin Bitcoin Fund (a)
   
370,930
     
28,275,994
 
iShares Bitcoin Trust ETF (a)
   
457,808
     
22,730,167
 
TOTAL EXCHANGE TRADED FUNDS (Cost $89,271,910)
     
73,751,921
 
                 
WARRANTS - 0.1%
 
Contracts
   
Value
 
Consumer Discretionary Distribution & Retail - 0.1%
         
Bed Bath & Beyond, Inc., Expires 10/07/2026, Exercise Price $15.50  (a)
   
479,274
     
316,321
 
GameStop Corp., Expires 10/30/2026, Exercise Price $32.00  (a)
   
77,665
     
233,771
 
Total Consumer Discretionary Distribution & Retail
     
550,092
 
TOTAL WARRANTS (Cost $0)
     
550,092
 
                 
SHORT-TERM INVESTMENTS
 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.5%
 
Shares
   
Value
 
First American Government Obligations Fund - Class X, 3.67% (d)
   
38,812,197
     
38,812,197
 
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $38,812,197)
     
38,812,197
 
                 
MONEY MARKET FUNDS - 2.7%
 
Shares
   
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (d)
   
29,768,116
     
29,768,116
 
TOTAL MONEY MARKET FUNDS (Cost $29,768,116)
     
29,768,116
 
                 
TOTAL INVESTMENTS - 104.3% (Cost $1,086,865,153)
     
1,152,176,037
 
Liabilities in Excess of Other Assets - (4.3)%
     
(47,115,711
)
TOTAL NET ASSETS - 100.0%
         
$
1,105,060,326
 
                 
Percentages are stated as a percent of net assets.
         
   
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
 

ADR - American Depositary Receipt

(a)
Non-income producing security.
(b)
To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(c)
All or a portion of this security is on loan as of December 31, 2025. The fair value of these securities was $37,142,040.
(d)
The rate shown represents the 7-day annualized yield as of December 31, 2025.



Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
 
Amplify Blockchain Technology ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of December 31, 2025:
 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Investments:
                       
  Common Stocks
 
$
1,009,293,711
   
$
   
$
   
$
1,009,293,711
 
  Exchange Traded Funds
   
73,751,921
     
     
     
73,751,921
 
  Warrants
   
550,092
     
     
     
550,092
 
  Investments Purchased with Proceeds from Securities Lending
   
38,812,197
     
     
     
38,812,197
 
  Money Market Funds
   
29,768,116
     
     
     
29,768,116
 
Total Investments
 
$
1,152,176,037
   
$
   
$
   
$
1,152,176,037
 
   
Refer to the Schedule of Investments for further disaggregation of investment categories.