Amplify Cash Flow Dividend Leaders ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.8%
  
Shares
    
Value
 
Communication Services - 15.0%
        
AT&T, Inc.
    
18,704
    
$
425,890
  
Comcast Corp. - Class A
    
16,276
      
610,838
  
Interpublic Group of Cos., Inc.
    
13,608
      
381,296
  
Match Group, Inc. (a)
    
16,425
      
537,262
  
Nexstar Media Group, Inc.
    
3,163
      
499,659
  
Sirius XM Holdings, Inc.
    
20,258
      
461,883
  
T-Mobile US, Inc.
    
1,418
      
312,995
  
Warner Bros Discovery, Inc. (a)
    
47,781
      
505,045
  
             
3,734,868
  
                 
Consumer Discretionary - 17.0%
          
Abercrombie & Fitch Co. - Class A (a)
    
3,772
      
563,801
  
Gap, Inc.
    
20,498
      
484,368
  
Harley-Davidson, Inc.
    
12,862
      
387,532
  
Lear Corp.
    
5,080
      
481,076
  
PVH Corp.
    
4,711
      
498,188
  
Signet Jewelers Ltd.
    
6,084
      
491,039
  
Tapestry, Inc.
    
10,375
      
677,799
  
Williams-Sonoma, Inc.
    
3,393
      
628,316
  
             
4,212,119
  
                 
Consumer Staples - 3.7%
          
Ingredion, Inc.
    
2,344
      
322,440
  
Molson Coors Beverage Co. - Class B
    
10,528
      
603,465
  
             
925,905
  
                 
Energy - 19.7%
          
Halliburton Co.
    
22,132
      
601,769
  
Magnolia Oil & Gas Corp. - Class A
    
17,980
      
420,372
  
Marathon Petroleum Corp.
    
3,405
      
474,998
  
Matador Resources Co.
    
8,201
      
461,388
  
Murphy Oil Corp.
    
16,835
      
509,427
  
NOV, Inc.
    
33,613
      
490,750
  
Permian Resources Corp.
    
26,089
      
375,160
  
Schlumberger NV
    
15,550
      
596,187
  
SM Energy Co.
    
12,547
      
486,322
  
Valero Energy Corp.
    
3,751
      
459,835
  
             
4,876,208
  
                 
Financials - 3.8%
          
Fidelity National Financial, Inc.
    
8,613
      
483,534
  
Franklin Resources, Inc.
    
22,639
      
459,345
  
             
942,879
  
                 
Health Care - 7.8%
          
Cencora, Inc.
    
2,788
      
626,408
  
McKesson Corp.
    
647
      
368,732
  
Organon & Co.
    
32,972
      
491,942
  
Zimmer Biomet Holdings, Inc.
    
4,152
      
438,576
  
             
1,925,658
  
                 
Industrials - 18.0%
          
Dun & Bradstreet Holdings, Inc.
    
30,903
      
385,051
  
EnerSys
    
3,665
      
338,756
  
FedEx Corp.
    
2,300
      
647,059
  
Genpact Ltd.
    
14,331
      
615,516
  
Leidos Holdings, Inc.
    
4,209
      
606,349
  
Oshkosh Corp.
    
3,921
      
372,769
  
Owens Corning
    
3,258
      
554,903
  
Science Applications International Corp.
    
3,114
      
348,083
  
Timken Co.
    
8,363
      
596,867
  
             
4,465,353
  
                 
Information Technology - 7.3%
          
Cisco Systems, Inc.
    
11,031
      
653,035
  
Dropbox, Inc. - Class A (a)
    
17,213
      
517,079
  
Skyworks Solutions, Inc.
    
7,228
      
640,979
  
             
1,811,093
  
                 
Materials - 7.5%
          
Berry Global Group, Inc.
    
5,550
      
358,919
  
Celanese Corp.
    
7,600
      
525,996
  
CF Industries Holdings, Inc.
    
7,198
      
614,133
  
Olin Corp.
    
10,420
      
352,196
  
             
1,851,244
  
TOTAL COMMON STOCKS (Cost $25,230,734)
      
24,745,327
  
                 
SHORT-TERM INVESTMENTS - 0.4%
                
Money Market Funds - 0.4%
                
Invesco Government & Agency Portfolio – Institutional Class, 4.42% (b)
    
97,074
      
97,074
  
TOTAL SHORT-TERM INVESTMENTS (Cost $97,074)
      
97,074
  
                 
TOTAL INVESTMENTS - 100.2% (Cost $25,327,808)
      
24,842,401
  
Liabilities in Excess of Other Assets - (0.2)%
      
(44,355
)
TOTAL NET ASSETS - 100.0%
          
$
24,798,046
  
two
      
–
%
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.
  

NV - Naamloze Vennootschap

(a)
Non-income producing security.
(b)
The rate shown represents the 7-day annualized effective yield as of December 31, 2024.
Summary of Fair Value Disclosure as of December 31, 2024 (Unaudited)
 
Amplify Cash Flow Dividend Leaders ETF has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be 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, 2024:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
24,745,327
    
$
–
    
$
–
    
$
24,745,327
  
  Money Market Funds
    
97,074
      
–
      
–
      
97,074
  
Total Investments
  
$
24,842,401
    
$
–
    
$
–
    
$
24,842,401
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.