Amplify Transformational Data Sharing ETF
  
Schedule of Investments
  
January 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 92.9%
  
Shares
    
Value
  
Banks - 6.4%
        
Customers Bancorp, Inc.(a)
    
483,530
    
$
25,839,843
  
DBS Group Holdings Ltd.
    
613,218
      
14,572,784
  
NU Holdings Ltd. - Class A(a)
    
3,128,358
      
26,935,163
  
             
67,347,790
  
                 
Commercial & Professional Services - 0.9%
          
CACI International, Inc.(a)
    
27,640
      
9,500,697
  
                 
Consumer Discretionary Distribution & Retail - 7.7%
          
Alibaba Group Holding Ltd. - ADR
    
184,003
      
13,279,497
  
MercadoLibre, Inc.(a)
    
16,560
      
28,347,574
  
Overstock.com, Inc.(a)
    
1,760,481
      
38,712,977
  
             
80,340,048
  
                 
Consumer Staples Distribution & Retail - 1.2%
          
Walmart, Inc.
    
73,565
      
12,156,616
  
                 
Financial Services - 29.7%
          
BlackRock, Inc.
    
20,522
      
15,890,390
  
Block, Inc.(a)
    
425,410
      
27,655,904
  
CME Group, Inc.
    
132,370
      
27,247,041
  
Coinbase Global, Inc. - Class A(a)
    
309,809
      
39,717,514
  
Franklin Resources, Inc.
    
496,118
      
13,211,622
  
Galaxy Digital Holdings Ltd.(a)(b)
    
5,834,876
      
41,750,535
  
Mastercard, Inc. - Class A
    
33,932
      
15,243,272
  
Mogo, Inc.(a)(b)
    
2,566,114
      
3,746,527
  
PayPal Holdings, Inc.(a)
    
527,378
      
32,354,640
  
Robinhood Markets, Inc. - Class A(a)
    
2,472,812
      
26,558,001
  
SBI Holdings, Inc.
    
1,690,144
      
41,845,935
  
Visa, Inc. - Class A
    
49,334
      
13,481,009
  
WisdomTree, Inc.
    
2,176,576
      
14,735,420
  
             
313,437,810
  
                 
Media & Entertainment - 3.9%
          
ROBLOX Corp. - Class A(a)
    
647,127
      
25,114,999
  
Z Holdings Corp.
    
5,000,890
      
15,697,861
  
             
40,812,860
  
                 
Semiconductors & Semiconductor Equipment - 6.2%
          
Advanced Micro Devices, Inc.(a)
    
149,452
      
25,061,606
  
Broadcom, Inc.
    
9,206
      
10,863,080
  
QUALCOMM, Inc.
    
79,014
      
11,734,370
  
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
    
151,332
      
17,094,463
  
             
64,753,519
  
                 
Software & Services - 34.9%
          
Accenture PLC - Class A
    
78,543
      
28,580,227
  
BIGG Digital Assets, Inc.(a)(b)
    
6,969,843
      
1,321,961
  
Bitfarms Ltd.(a)(b)
    
4,689,195
      
10,925,824
  
Bitfarms Ltd.(a)(b)
    
8,487,639
      
19,633,722
  
Cipher Mining, Inc.(a)(b)
    
4,239,507
      
12,888,101
  
Cleanspark, Inc.(a)
    
3,498,836
      
28,165,630
  
Core Scientific, Inc.(a)(b)
    
3,075,923
      
9,043,213
  
Digital Garage, Inc.
    
790,152
      
19,219,623
  
GMO internet group, Inc.
    
1,783,012
      
32,436,572
  
Hive Digital Technologies Ltd.(a)(b)
    
4,866,452
      
15,426,653
  
Hive Digital Technologies Ltd.(a)(b)
    
1,687,105
      
5,421,022
  
Hut 8 Corp.(b)
    
2,168,550
      
16,210,292
  
Hut 8 Corp.(a)
    
266,923
      
1,993,915
  
International Business Machines Corp.
    
168,674
      
30,978,667
  
Marathon Digital Holdings, Inc.(a)(b)
    
1,905,179
      
33,778,823
  
MicroStrategy, Inc.(a)(b)
    
97,200
      
48,717,611
  
Opera Ltd. - ADR(b)
    
831,359
      
9,128,322
  
Oracle Corp.
    
165,121
      
18,444,016
  
Riot Platforms, Inc.(a)(b)
    
2,523,251
      
27,503,436
  
             
369,817,630
  
                 
Technology Hardware & Equipment - 2.0%
          
Canaan, Inc. - ADR(a)(b)
    
5,032,369
      
7,221,450
  
CompoSecure, Inc.(a)(b)
    
2,793,333
      
14,078,398
  
             
21,299,848
  
TOTAL COMMON STOCKS (Cost $1,172,457,184)
      
979,466,818
  
                 
EXCHANGE TRADED FUNDS - 4.4%
                
3iQ Bitcoin ETF(a)
    
555,158
      
3,811,305
  
Bitcoin ETF(a)
    
218,854
      
3,392,237
  
CI Galaxy Bitcoin ETF(a)
    
2,380,450
      
18,995,991
  
Purpose Bitcoin ETF(a)
    
2,595,293
      
20,035,661
  
TOTAL EXCHANGE TRADED FUNDS (Cost $46,061,343)
      
46,235,194
  
                 
CONVERTIBLE BONDS - 0.9%
  
Par
          
Core Scientific, Inc. 4.000% Cash and 6.000% PIK, 01/23/2029(c)
    
14,836,015
      
9,478,730
  
TOTAL CONVERTIBLE BONDS (Cost $13,220,881)
      
9,478,730
  
                 
CORPORATE BONDS - 0.2%
                
MicroStrategy, Inc., 6.13%, 06/15/2028(a)(d)
    
2,000,000
      
1,909,930
  
TOTAL CORPORATE BONDS (Cost $1,579,553)
      
1,909,930
  
                 
RIGHTS - 0.0%(f)
  
Contracts
          
Core Scientific, Inc.(c)
    
3,409,449
      
0
  
TOTAL RIGHTS (Cost $0)
      
0
  
                 
SHORT-TERM INVESTMENTS - 20.4%
  
Shares
          
Money Market Funds - 1.8%
                
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(g)
    
18,505,225
      
18,505,225
  
                 
Investments Purchased with Proceeds from Securities Lending - 18.6%
                
First American Government Obligations Fund - Class X, 5.18%(g)
    
196,154,908
      
196,154,908
  
TOTAL SHORT-TERM INVESTMENTS (Cost $214,660,133)
      
214,660,133
  
                 
TOTAL INVESTMENTS - 118.8% (Cost $1,447,979,094)
      
1,251,750,805
  
Liabilities in Excess of Other Assets - (18.8)%
      
(197,738,992
)
TOTAL NET ASSETS - 100.0%
          
$
1,054,011,813
  

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. 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.
 
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.
  

ADR - American Depositary Receipt
PIK - Payment In Kind
PLC - Public Limited Company

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of January 31, 2024. The total market value of these securities was $181,334,840 which represented 17.0% of net assets.
(c)
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $9,478,730 or 2.8% of net assets as of January 31, 2024.
(d)
Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of January 31, 2024, the value of these securities total $1,909,930 or 0.2% of the Fund’s net assets.
(e)
Security is exempt from registration under Regulation S of the Securities Act of 1933. As of January 31, 2024, the value of these securities total $1,909,930 or 0.2% of net assets.
(f)
Represents less than 0.05% of net assets.
(g)
The rate shown represents the 7-day effective yield as of January 31, 2024.


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, 2024 maximized the use of observable inputs and minimized the use of unobservable inputs.

For the period ended January 31, 2024, there have been no significant changes to the Funds’ 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 at 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 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. Futures contracts will be valued at the settlement price. If there is no current 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 there is 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 Funds’ Board of Trustees (the “Board”).

The following is a summary of the fair valuations according to the inputs used to value the Funds’ investments as of January 31, 2024:

Amplify Transformational Data Sharing ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
  
$
979,466,818
    
$
–
    
$
–
    
$
979,466,818
  
  Exchange Traded Funds
    
46,235,194
      
–
      
–
      
46,235,194
  
  Convertible Bonds
    
–
      
–
      
9,478,730
      
9,478,730
  
  Corporate Bonds
    
–
      
1,909,930
      
–
      
1,909,930
  
  Rights
    
–
      
–
      
0
      
0
  
  Investments Purchased with Proceeds from Securities Lending
    
196,154,908
      
–
      
–
      
196,154,908
  
  Money Market Funds
    
18,505,225
      
–
      
–
      
18,505,225
  
Total Assets
  
$
1,240,362,145
    
$
1,909,930
    
$
9,478,730
    
$
1,251,750,805
  
                                 
   
Refer to the Schedule of Investments for industry classifications.
  
   
For the period ended January 31, 2024, there were the following 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 10/31/2023
    
Amortization/
Accretion
    
Net Realized
Gain (Loss)
    
Net Change in Unrealized Appreciation (Depreciation)
    
Purchases/
Acquisition
    
Sales
    
Corporate
Action
    
Transfer In/
Out of Level 3
    
Balance as of 01/31/2024
    
Net Change in
Unrealized Appreciation
(Depreciation) on Securities
held at 01/31/2024
  
Rights
  
$
-
      
-
      
-
      
-
      
-
      
-
    
$
0
      
-
    
$
0
    
$
-
  
Convertible Bond
    
7,238,673
    
$
754,634
      
-
      
17,329,631
      
-
      
-
      
(15,844,208
)
    
-
      
9,478,730
      
2,240,057
  

The following is a summary of quantitative information about Level 3 Fair Value Measurements:

BLOK
  
Fair Value as of
01/31/2024
  
Valuation Techniques
  
Unobservable Input
  
Range/Weighted
Average
Unobservable Input
  
Impact to Valuation from
an Increase to Input
  
Rights
    
0
  
Market Approach
  
No Market Activity
    
-
  
Increase
  
Convertible Bond
    
9,478,730
  
Discounted Cash Flow
  
Discount Rate Probability of Recovery
    
-
  
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, 2024, 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.