Amplify CWP Enhanced Dividend Income ETF
 
Schedule of Investments
 
July 31, 2022 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 86.0%
           
Communication Services - 1.4%
           
Verizon Communications, Inc.
   
500,444
   
$
23,115,508
 
Consumer Discretionary - 10.4%
               
McDonald's Corp.
   
330,216
     
86,968,988
 
The Home Depot, Inc.
   
278,441
     
83,794,035
 
             
170,763,023
 
Consumer Staples - 6.8%
               
General Mills, Inc.
   
418,732
     
31,316,966
 
The Procter & Gamble Co.
   
575,876
     
79,994,935
 
             
111,311,901
 
Energy - 8.8%
               
Chevron Corp.
   
558,169
     
91,416,919
 
Marathon Petroleum Corp.
   
572,454
     
52,471,134
 
             
143,888,053
 
Financials - 13.7%
               
Aflac, Inc.
   
429,656
     
24,619,289
 
American Express Co.
   
313,719
     
48,319,000
 
JPMorgan Chase & Co.
   
630,438
     
72,727,328
 
The Goldman Sachs Group, Inc.
   
235,480
     
78,506,677
 
             
224,172,294
 
Health Care - 16.1%
               
Johnson & Johnson
   
478,948
     
83,586,005
 
Merck & Co., Inc.
   
839,709
     
75,019,602
 
UnitedHealth Group, Inc.
   
193,171
     
104,764,360
 
             
263,369,967
 
Industrials - 8.3%
               
Deere & Co.
   
105,253
     
36,120,725
 
Lockheed Martin Corp.
   
74,045
     
30,640,561
 
United Parcel Service, Inc. - Class B
   
357,671
     
69,706,501
 
             
136,467,787
 
Information Technology - 14.7%
               
Apple, Inc.
   
19,710
     
3,203,072
 
Cisco Systems, Inc.
   
1,103,320
     
50,057,628
 
International Business Machines Corp.
   
168,240
     
22,004,110
 
Microsoft Corp.
   
284,670
     
79,918,256
 
Visa, Inc. - Class A
   
403,200
     
85,522,752
 
             
240,705,818
 
Materials - 2.7%
               
Dow, Inc.
   
844,734
     
44,948,296
 
Utilities - 3.1%
               
Duke Energy Corp.
   
454,233
     
49,933,834
 
Total Common Stocks (Cost $1,364,805,187)
           
1,408,676,481
 
                 
Exchange Traded Funds - 1.9%
               
iShares 1-3 Year Treasury Bond ETF
   
385,409
     
32,008,217
 
Total Exchange Traded Funds (Cost $31,862,259)
           
32,008,217
 
Total Investments - 87.9%
               
(Cost $1,396,667,446)
         
$
1,440,684,698
 

Percentages are based on Net Assets of $1,638,454,795.
                   
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 Fund's Administrator, U.S. Bancorp Fund Services, LLC.

 
Schedule of Options Written
 
July 31, 2022 (Unaudited)
 
                   
   
Contracts
   
Notional Amount
   
Value
 
Call Options Written (a) - (0.01)%
                 
American Express Co., Expires 8/19/2022, Strike Price $160.00
 
3,050
   
$
(46,976,100)

 
$
(538,325)

Marathon Petroleum Corp., Expires 8/19/2022, Strike Price $97.50
 
5,400
     
(49,496,400)

   
(675,000)

United Parcel Service, Inc., Expires 8/19/2022, Strike Price $205.00
 
3,100
     
(60,415,900)

   
(195,300)

Total Call Options Written
                   
(Premiums Received $1,654,802)
               
$
(1,408,625)

 
(a)   Exchange Traded.
   


 
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 July 31, 2022 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended July 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 July 31, 2022:
                       
 
Category
                   
 
Investments in Securities
                   
 
Assets
                   
 
Level 1
                   
 
   Common Stocks
  $
   1,408,676,481
             
 
Exchange Traded Funds
   
           32,008,217
             
 
Total Level 1
   
      1,440,684,698
             
 
Level 2
   
                         -
             
 
Total Level 2
   
                         -
             
 
Level 3
   
                         -
             
 
Total Level 3
   
                         -
             
 
Total
  $
   1,440,684,698
             
 
Other Financial Instruments(a)
                   
 
Liabilities
                   
 
Level 1
                   
 
   Options Written
  $
           1,408,625
             
 
Total Level 1
   
             1,408,625
             
 
Level 2
                   
 
Total Level 2
   
                           -
             
 
Level 3
   
                         -
             
 
Total Level 3
   
                         -
             
 
Total
  $
           1,408,625
             
                       
 
(a) Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as written options, which are reflected at value.
                       
See the Schedule of Investments for further disaggregation of investment categories.
                       
For the period ended July 31, 2022, there were no transfers into or out of Level 3 for the Fund.