Amplify CWP Enhanced Dividend Income ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 90.1%
  
Shares
    
Value
 
Communication Services - 6.0%
        
Meta Platforms, Inc. - Class A
    
196,360
    
$
114,970,743
  
Verizon Communications, Inc.
    
2,798,032
      
111,893,300
  
             
226,864,043
  
                 
Consumer Discretionary - 11.1%
          
Home Depot, Inc.
    
478,139
      
185,991,290
  
McDonald's Corp.
    
267,876
      
77,654,574
  
TJX Cos., Inc.
    
1,261,467
      
152,397,828
  
             
416,043,692
  
                 
Consumer Staples - 4.0%
          
Procter & Gamble Co.
    
885,450
      
148,445,693
  
                 
Energy - 4.9%
          
Chevron Corp.
    
798,856
      
115,706,303
  
Marathon Petroleum Corp.
    
503,518
      
70,240,761
  
             
185,947,064
  
                 
Financials - 24.8%
          
American Express Co.
    
537,150
      
159,420,749
  
CME Group, Inc.
    
836,096
      
194,166,574
  
Goldman Sachs Group, Inc.
    
325,189
      
186,209,725
  
JPMorgan Chase & Co.
    
767,844
      
184,059,885
  
Visa, Inc. - Class A
    
668,812
      
211,371,344
  
             
935,228,277
  
                 
Health Care - 12.4%
          
Amgen, Inc.
    
701,956
      
182,957,812
  
Merck & Co., Inc.
    
760,837
      
75,688,065
  
UnitedHealth Group, Inc.
    
414,177
      
209,515,577
  
             
468,161,454
  
                 
Industrials - 12.6%
          
Caterpillar, Inc.
    
544,903
      
197,669,012
  
Honeywell International, Inc.
    
877,572
      
198,234,739
  
RTX Corp.
    
661,206
      
76,514,759
  
             
472,418,510
  
                 
Information Technology - 9.5%
          
International Business Machines Corp.
    
711,078
      
156,316,277
  
Microsoft Corp.
    
474,891
      
200,166,557
  
             
356,482,834
  
                 
Materials - 2.8%
          
Freeport-McMoRan, Inc.
    
2,752,954
      
104,832,488
  
                 
Utilities - 2.0%
          
Duke Energy Corp.
    
713,706
      
76,894,684
  
TOTAL COMMON STOCKS (Cost $2,992,357,094)
      
3,391,318,739
  
                 
AFFILIATED EXCHANGE TRADED FUNDS - 5.0%
                
Amplify Samsung SOFR ETF (a)(b)
    
1,889,510
      
189,366,692
  
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $189,557,628)
      
189,366,692
  
                 
SHORT-TERM INVESTMENTS - 5.1%
                
Investments Purchased with Proceeds from Securities Lending - 0.0%(c)
                
First American Government Obligations Fund - Class X, 4.39% (d)
    
255,627
      
255,627
  
                 
Money Market Funds - 5.1%
                
Invesco Government & Agency Portfolio - Institutional Class, 4.42% (d)
    
190,203,929
      
190,203,929
  
TOTAL SHORT-TERM INVESTMENTS (Cost $190,459,556)
      
190,459,556
  
                 
TOTAL INVESTMENTS - 100.2% (Cost $3,372,374,278)
      
3,771,144,987
  
Liabilities in Excess of Other Assets - (0.2)%
      
(5,948,475
)
TOTAL NET ASSETS - 100.0%
          
$
3,765,196,512
  
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.
  

(a)
All or a portion of this security is on loan as of December 31, 2024. The total market value of these securities was $250,550 which represented 0.0% of net assets.
(b)
Affiliated company as defined by the Investment Company Act of 1940.
(c)
Represents less than 0.05% of net assets.
(d)
The rate shown represents the 7-day annualized effective yield as of December 31, 2024.

Security Name
  
Value at
September 30, 2024
    
Purchases
    
Sales
    
Net Realized
Gain (Losses)
    
Net Change in Unrealized Appreciation (Depreciation)
    
Dividend Income
    
Value at
December 31, 2024
    
Ending Shares
  
Amplify Samsung SOFR ETF
    
178,493,023
      
12,009,287
      
(1,119,319
)
    
1,774
      
(18,073
)
    
2,176,111
      
189,366,692
      
1,889,510
  
   
$
178,493,023
    
$
12,009,287
    
$
(1,119,319
)
  
$
1,774
    
$
(18,073
)
  
$
2,176,111
    
$
189,366,692
      
1,889,510
  

Summary of Fair Value Disclosure as of December 31, 2024 (Unaudited)
 
Amplify CWP Enhanced Dividend Income 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
  
$
3,391,318,739
    
$
–
    
$
–
    
$
3,391,318,739
  
  Affiliated Exchange Traded Funds
    
189,366,692
      
–
      
–
      
189,366,692
  
  Investments Purchased with Proceeds from Securities Lending
    
255,627
      
–
      
–
      
255,627
  
  Money Market Funds
    
190,203,929
      
–
      
–
      
190,203,929
  
Total Investments
  
$
3,771,144,987
    
$
–
    
$
–
    
$
3,771,144,987
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  

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 December 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.