Amplify CWP Enhanced Dividend Income ETF
 
Schedule of Investments
 
July 31, 2021 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 91.0%
           
Communication Services - 2.5%
           
Verizon Communications, Inc.
   
259,699
   
$
14,486,010
 
Consumer Discretionary - 13.5%
               
McDonald’s Corp.
   
124,955
     
30,327,828
 
NIKE, Inc. - Class B
   
182,041
     
30,493,688
 
The Home Depot, Inc.
   
56,250
     
18,460,687
 
             
79,282,203
 
Consumer Staples - 6.1%
               
The Procter & Gamble Co.
   
122,648
     
17,444,225
 
Walmart, Inc.
   
127,504
     
18,175,695
 
             
35,619,920
 
Energy - 7.2%
               
Chevron Corp.
   
278,969
     
28,401,834
 
ConocoPhillips
   
249,002
     
13,959,052
 
             
42,360,886
 
Financials - 10.8%
               
Intercontinental Exchange, Inc.
   
144,242
     
17,284,519
 
JPMorgan Chase & Co.
   
127,085
     
19,288,961
 
The Goldman Sachs Group, Inc.
   
71,747
     
26,896,516
 
             
63,469,996
 
Health Care - 13.9%
               
Johnson & Johnson
   
173,039
     
29,797,316
 
Medtronic PLC
   
135,344
     
17,772,020
 
UnitedHealth Group, Inc.
   
81,650
     
33,657,763
 
             
81,227,099
 
Industrials - 12.8%
               
3M Co.
   
115,724
     
22,906,409
 
Honeywell International, Inc.
   
125,312
     
29,296,692
 
Lockheed Martin Corp.
   
61,110
     
22,712,754
 
             
74,915,855
 
Information Technology - 15.9%
               
Apple, Inc.
   
217,571
     
31,734,906
 
Microsoft Corp.
   
112,004
     
31,911,060
 
Visa, Inc. - Class A
   
120,834
     
29,772,289
 
             
93,418,255
 
Materials - 5.3%
               
Dow, Inc.
   
248,980
     
15,476,597
 
Newmont Corp.
   
245,964
     
15,451,458
 
             
30,928,055
 
Utilities - 3.0%
               
Duke Energy Corp.
   
167,096
     
17,563,461
 
Total Common Stocks (Cost $481,807,873)
           
533,271,740
 
Total Investments - 91.0%
               
(Cost $481,807,873)
         
$
533,271,740
 
                 

Percentages are based on Net Assets of $586,213,210.
                     
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.
                   
                   

Schedule of Options Written
 
July 31, 2021 (Unaudited)
 
                   
   
Contracts
   
Notional
Amount
   
Value
 
Call Options Written (a) - (0.1)%
                 
Apple, Inc., Expires 8/20/2021, Strike Price $148.00
   
1,950
   
$
(28,442,700
)
 
$
(358,800
)
NIKE, Inc., Expires 8/06/2021, Strike Price $165.00
   
1,500
     
(25,126,500
)
   
(476,250
)
Total Call Options Written
                       
(Premiums Received $502,887)
                 
$
(835,050
)
 
                       
(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, 2021 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended July 31, 2021, 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, 2021:

   
Category
                             
   
Investments in Securities
         
                   
   
Assets
                 
     
       
   
Level 1
                                 
 
   
   Common Stocks
 
$
533,271,740
                                 
   
Total Level 1
   
533,271,740
                                 
   
Level 2
                                       
   
Total Level 2
   
-
                                 
   
Level 3
   
-
                                 
   
Total Level 3
   
-
                                 
   
Total
 
$
533,271,740
                                 
   
Other Financial Instruments(a)
                                       
   
Liabilities
                                       
   
Level 1
                                       
   
   Options Written
 
$
835,050
                                 
   
Total Level 1
   
835,050
                                 
   
Level 2
                                       
   
Total Level 2
   
-
                                 
   
Level 3
   
-
                                 
   
Total Level 3
   
-
                                 
   
Total
 
$
835,050
                                 
   
(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, 2021, there were no transfers into or out of Level 3 for the Fund.