Amplify Transformational Data Sharing ETF
 
Schedule of Investments
 
January 31, 2023 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 93.6%
           
Banks - 6.3%
           
Customers Bancorp, Inc. (a)
   
327,567
   
$
9,948,210
 
New York Community Bancorp, Inc.
   
662,688
     
6,620,253
 
NU Holdings Ltd./Cayman Islands - Class A (a)
   
1,468,038
     
6,826,377
 
Silvergate Capital Corp. (a) (b)
   
319,252
     
4,546,148
 
             
27,940,988
 
Diversified Financials - 22.2%
               
CME Group, Inc.
   
100,257
     
17,711,402
 
Coinbase Global, Inc. - Class A (a) (b)
   
350,339
     
20,487,825
 
Galaxy Digital Holdings Ltd. (a) (b)
   
4,125,240
     
15,874,059
 
Mogo, Inc. (a) (b) (c)
   
4,343,008
     
3,513,493
 
Robinhood Markets, Inc. - Class A (a)
   
424,628
     
4,420,377
 
SBI Holdings, Inc./Japan
   
892,331
     
18,804,317
 
Vontobel Holding AG
   
78,158
     
5,515,026
 
WisdomTree Investments, Inc. (b)
   
1,998,034
     
11,508,676
 
             
97,835,175
 
Energy - 0.4%
               
Texas Pacific Land Corp.
   
894
     
1,784,290
 
Food & Staples Retailing - 0.8%
               
Walmart, Inc.
   
23,069
     
3,318,937
 
Media & Entertainment - 3.7%
               
ROBLOX Corp. - Class A (a)
   
202,574
     
7,537,779
 
Z Holdings Corp.
   
2,992,860
     
8,541,831
 
             
16,079,610
 
Retailing - 4.4%
               
Overstock.com, Inc. (a)
   
804,175
     
19,469,077
 
Semiconductors & Semiconductor Equipment - 2.6%
               
Advanced Micro Devices, Inc. (a)
   
67,238
     
5,052,936
 
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
   
67,485
     
6,257,884
 
             
11,310,820
 
Software & Services - 49.3%
               
Accenture PLC - Class A
   
73,011
     
20,373,720
 
BIGG Digital Assets, Inc. (a) (b)
   
4,795,135
     
1,207,298
 
Bitfarms Ltd./Canada (a) (b)
   
8,546,711
     
8,543,178
 
Block, Inc. (a)
   
213,585
     
17,454,166
 
Digital Garage, Inc.
   
473,012
     
16,770,640
 
GMO internet group, Inc.
   
1,067,092
     
20,814,709
 
Hive Blockchain Technologies Ltd. (a) (b)
   
1,009,807
     
3,475,943
 
Hive Blockchain Technologies Ltd. (a) (b)
   
2,912,430
     
10,077,008
 
Hut 8 Mining Corp. (a) (b)
   
6,489,141
     
12,582,754
 
International Business Machines Corp.
   
119,895
     
16,153,453
 
Marathon Digital Holdings, Inc. (a) (b)
   
1,740,772
     
12,550,966
 
Mastercard, Inc. - Class A
   
20,301
     
7,523,551
 
MicroStrategy, Inc. (a) (b)
   
94,433
     
23,771,619
 
Oracle Corp.
   
68,255
     
6,037,837
 
PayPal Holdings, Inc. (a)
   
142,791
     
11,636,039
 
Riot Platforms, Inc. (a) (b)
   
2,584,345
     
16,203,843
 
Splunk, Inc. (a)
   
48,816
     
4,675,108
 
Visa, Inc. - Class A
   
29,552
     
6,803,166
 
             
216,654,998
 
Technology Hardware & Equipment - 3.9%
               
Canaan, Inc. - ADR (a) (b)
   
1,834,103
     
5,759,083
 
Cisco Systems, Inc.
   
85,974
     
4,184,355
 
CompoSecure, Inc. (a) (b)
   
1,112,360
     
7,074,610
 
             
17,018,048
 
Total Common Stocks (Cost $866,882,768)
           
411,411,943
 
                 
   
Par Value
         
CONVERTIBLE BONDS - 1.6%
               
Core Scientific, Inc. 4.000% Cash and 6.000% PIK, 04/19/2025 (c) (d) (e)
 
$
28,320,319
     
7,221,681
 
Total Convertible Bonds (Cost $28,310,456)
           
7,221,681
 
                 
CORPORATE BONDS - 0.4%
               
MicroStrategy, Inc. 6.125%, 06/15/2028 (a) (b) (f)
   
2,000,000
     
1,690,485
 
Total Corporate Bonds (Cost $1,510,736)
           
1,690,485
 
                 
   
Shares
         
EXCHANGE TRADED FUNDS - 3.8%
               
3iQ CoinShares Bitcoin ETF (a) (c)
   
2,053,125
     
7,801,875
 
Bitcoin ETF (a)
   
128,910
     
1,102,181
 
Purpose Bitcoin ETF (a)
   
1,840,607
     
7,859,392
 
Total Exchange Traded Funds (Cost $36,970,680)
           
16,763,448
 
                 
MONEY MARKET FUNDS - 1.0%
               
Invesco Government & Agency Portfolio - Institutional Class - 4.30% (g)
   
4,506,624
     
4,506,624
 
Total Money Market Funds (Cost $4,506,624)
           
4,506,624
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 26.4%
               
First American Government Obligations Fund - Class X - 4.10% (g)
   
116,111,185
     
116,111,185
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $116,111,185)
           
116,111,185
 
Total Investments - 126.8%
               
(Cost $1,054,292,449)
         
$
557,705,366
 

Percentages are based on Net Assets of $439,782,310.
                   
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, 2023. Total value of securities out on loan is $114,238,995 or 26.0% of net assets.
(c)
Illiquid security. At January 31, 2023, the value of these securities amounted to $18,537,049 or 4.2% of net assets.
(d)
The Fund has fair valued this security. Value determined using significant unobservable inputs.
(e)
Restricted. Acquired on September 24, 2021. Item identified as in default as to the payment of interest.
(f)
Security exempt from registration under Rule 144(a) 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 $1,690,485 or 0.4% of net assets.
(g)
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
                               
   
Brazil
 
 $           6,826,377
                           
   
Canada
 
            39,399,674
                           
   
China
 
              5,759,083
                           
   
Ireland
 
            20,373,720
                           
   
Japan
 
            64,931,498
                           
   
Switzerland
 
              5,515,027
                           
   
Taiwan
 
              6,257,884
                           
   
United States
 
          262,348,680
                           
   
Exchange Traded Funds
                               
   
Canada
 
            16,763,448
                           
   
Money Market Funds
                               
   
United States
 
             4,506,624
                           
   
Investments Purchased with Proceeds from Securities Lending
                               
   
United States
 
         116,111,185
                           
   
Total Level 1
 
          548,793,200
                           
   
Level 2
                               
   
Corporate Bonds
                               
   
United States
 
              1,690,485
                           
   
Total Level 2
 
              1,690,485
                           
   
Level 3
                               
   
Convertible Bonds
                               
   
United States
 
              7,221,681
                           
   
Total Level 3
 
              7,221,681
                           
   
Total
 
 $       557,705,366
                           
                                     
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. Below is a reconciliation of securities in Level 3 for the Fund.
     

BLOK
 
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
 
Convertible Bonds
 
$
8,496,096
   
$
-
   
$
(1,274,414
)
 
$
-
   
$
-
   
$
-
   
$
-
   
$
7,221,681
   
$
(1,274,415
)
                                                                         
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
                                         
                                                                         
BLOK
                 
Fair Value as of 01/31/2023
   
Valuation Techniques
   
Unobservable
Input
   
Range/Weighted Average Unobservable
Input
   
Impact to
Valuation from
an Increase to
Input
                 
Convertible Bonds
                 
$
7,221,681
   
Sum of the
Parts
   
Discount Rate Probability of Recovery
   
N/A/16.219%
N/A/30%
   
Decrease
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.