Amplify CWP Enhanced Dividend Income ETF
 
Schedule of Investments
 
January 31, 2022 (Unaudited)
 
               
Description
 
 
Shares
   
Value
 
               
COMMON STOCKS - 90.1%
             
Communication Services - 1.5%
             
Verizon Communications, Inc.
     
289,260
   
$
15,397,310
 
Consumer Discretionary - 14.7%
                 
McDonald's Corp.
     
209,757
     
54,421,454
 
NIKE, Inc. - Class B (a)
     
305,158
     
45,184,745
 
The Home Depot, Inc.
     
130,132
     
47,755,841
 
               
147,362,040
 
Consumer Staples - 8.4%
                 
The Procter & Gamble Co.
     
335,430
     
53,819,743
 
Walmart, Inc.
     
214,050
     
29,926,331
 
               
83,746,074
 
Energy - 9.2%
                 
Chevron Corp.
     
431,114
     
56,618,202
 
Marathon Petroleum Corp. (a)
     
495,491
     
35,551,479
 
               
92,169,681
 
Financials - 13.7%
                 
Aflac, Inc.
     
321,558
     
20,200,273
 
Intercontinental Exchange, Inc.
     
242,124
     
30,667,426
 
JPMorgan Chase & Co. (a)
     
289,066
     
42,955,208
 
The Goldman Sachs Group, Inc.
     
121,219
     
42,993,955
 
               
136,816,862
 
Health Care - 9.5%
                 
Johnson & Johnson
     
174,888
     
30,131,453
 
UnitedHealth Group, Inc.
     
137,022
     
64,752,487
 
               
94,883,940
 
Industrials - 7.4%
                 
Caterpillar, Inc.
     
7,117
     
1,434,503
 
CSX Corp.
     
875,970
     
29,975,693
 
Honeywell International, Inc.
     
210,332
     
43,008,687
 
               
74,418,883
 
Information Technology - 18.7%
                 
Apple, Inc.
     
311,978
     
54,527,515
 
Cisco Systems, Inc.
     
523,065
     
29,119,028
 
Microsoft Corp. (a)
     
164,500
     
51,156,210
 
Visa, Inc. - Class A (a)
     
232,992
     
52,695,801
 
               
187,498,554
 
Materials - 3.8%
                 
Dow, Inc.
     
254,725
     
15,214,724
 
Newmont Corp.
     
367,100
     
22,455,507
 
               
37,670,231
 
Utilities - 3.2%
                 
Duke Energy Corp.
     
301,422
     
31,667,396
 
Total Common Stocks (Cost $828,287,746)
             
901,630,971
 
Total Investments - 90.1%
                 
(Cost $828,287,746)
           
$
901,630,971
 
                   
Percentages are based on Net Assets of $1,000,494,046.
 
(a)  All or a portion of this security is held as collateral for the options written. At January 31, 2022, the value of these securities amounted to $227,543,443 or 22.7% 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 U.S. Bank Global Fund Services.
 
                   
 
 
               
Schedule of Options Written
 
January 31, 2022 (Unaudited)
 
                   
  Contracts
  Notional Amount 
      Value  
Call Options Written (a) - (0.01)%
                 
JPMorgan Chase & Co., Expires 2/18/2022, Strike Price $157.50
400
 
$
(5,944,000
)
 
$
(21,800
)
Marathon Petroleum Corp., Expires 2/18/2022, Strike Price $80.00
2,000
   
(14,350,000
)
   
(44,000
)
Microsoft Corp., Expires 2/18/2022, Strike Price $335.00
1,400
   
(43,537,200
)
   
(114,800
)
NIKE, Inc., Expires 2/11/2022, Strike Price $160.00
2,600
   
(38,498,200
)
   
(54,600
)
Visa, Inc., Expires 2/18/2022, Strike Price $237.50
2,000
   
(45,234,000
)
   
(291,000
)
Total Call Options Written
                 
(Premiums Received $887,449)
           
$
(526,200
)
 
(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 January 31, 2022 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended January 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 January 31, 2022:
                     
 
Category
                 
 
Investments in Securities
                 
 
Assets
                 
 
Level 1
                 
 
   Common Stocks
  $
       901,630,971
           
 
Total Level 1
   
         901,630,971
           
 
Level 2
                 
 
Total Level 2
   
                         -
           
 
Level 3
   
                         -
           
 
Total Level 3
   
                         -
           
 
Total
  $
      901,630,971
           
 
Other Financial Instruments(a)
                 
 
Liabilities
                 
 
Level 1
                 
 
   Options Written
  $
             526,200
           
 
Total Level 1
   
                526,200
           
 
Level 2
                 
 
   Options Written
   
                         -
           
 
Total Level 2
   
                           -
           
 
Level 3
   
                         -
           
 
Total Level 3
   
                         -
           
 
Total
 
$
              526,200
           
 
(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 January 31, 2022, there were no transfers into or out of Level 3 for the Fund.