Amplify CWP Enhanced Dividend Income ETF
 
Schedule of Investments
 
January 31, 2023 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 87.9%
           
Communication Services - 2.1%
           
Verizon Communications, Inc.
   
1,320,668
   
$
54,900,169
 
Consumer Discretionary - 10.3%
               
McDonald's Corp.
   
495,409
     
132,472,367
 
The Home Depot, Inc.
   
440,255
     
142,717,463
 
             
275,189,830
 
Consumer Staples - 8.6%
               
General Mills, Inc.
   
1,282,694
     
100,511,902
 
The Procter & Gamble Co.
   
910,903
     
129,694,369
 
             
230,206,271
 
Energy - 10.0%
               
Chevron Corp.
   
777,496
     
135,299,854
 
Marathon Petroleum Corp.
   
399,114
     
51,294,131
 
Schlumberger Ltd.
   
1,375,693
     
78,386,987
 
             
264,980,972
 
Financials - 9.8%
               
JPMorgan Chase & Co.
   
903,030
     
126,388,079
 
The Goldman Sachs Group, Inc.
   
364,984
     
133,514,797
 
             
259,902,876
 
Health Care - 20.6%
               
Amgen, Inc.
   
395,205
     
99,749,742
 
Johnson & Johnson
   
757,503
     
123,791,140
 
Medtronic PLC
   
639,258
     
53,499,502
 
Merck & Co., Inc. (a)
   
1,235,797
     
132,736,956
 
UnitedHealth Group, Inc.
   
280,681
     
140,113,148
 
             
549,890,488
 
Industrials - 6.2%
               
Deere & Co.
   
195,543
     
82,683,402
 
Lockheed Martin Corp.
   
178,990
     
82,918,907
 
             
165,602,309
 
Information Technology - 12.4%
               
Apple, Inc. (a)
   
377,981
     
54,538,879
 
Microsoft Corp. (a)
   
553,084
     
137,059,746
 
Visa, Inc. - Class A
   
605,396
     
139,368,213
 
             
330,966,838
 
Materials - 5.0%
               
Dow, Inc.
   
702,711
     
41,705,898
 
Nucor Corp.
   
536,797
     
90,729,429
 
             
132,435,327
 
Utilities - 2.9%
               
Duke Energy Corp.
   
758,687
     
77,727,483
 
Total Common Stocks (Cost $2,216,894,599)
           
2,341,802,563
 
                 
EXCHANGE TRADED FUNDS - 3.1%
               
SPDR Bloomberg 1-3 Month T-Bill ETF
   
889,592
     
81,602,274
 
Total Exchange Traded Funds (Cost $81,436,563)
           
81,602,274
 
                 
MONEY MARKET DEPOSIT ACCOUNTS - 8.8%
 
Principal
Amount
         
U.S. Bank Money Market Deposit Account, 4.23% (b)
 
$
234,538,746
     
234,538,746
 
Total Money Market Deposit Account (Cost $234,538,746)
           
234,538,746
 
Total Investments - 99.8%
               
(Cost $2,532,869,908)
         
$
2,657,943,583
 

Percentages are based on Net Assets of $2,662,989,893.
   
(a)
All or portion of this security is held as collateral for the options written. At January 31, 2023, the value of these securities amounted to $232,683,406 or 8.7% of net assets.
(b)
Seven-day yield as of January 31, 2023.
                   
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 U.S. Bank Global Fund Services.

Schedule of Options Written
 
January 31, 2023 (Unaudited)
 
                   
   
Contracts
   
Notional Amount
   
Value
 
Call Options Written (a) - (0.1)%
                 
Apple, Inc., Expires 2/03/2023, Strike Price $146.00
   
2,800
   
$
(40,401,200
)
 
$
(705,600
)
Merck & Co, Inc., Expires 2/03/2023, Strike Price $107.00
   
3,666
     
(39,376,506
)
   
(643,383
)
Merck & Co, Inc., Expires 2/10/2023, Strike Price $105.00
   
2,700
     
(29,000,700
)
   
(945,000
)
Microsoft Corp., Expires 2/03/2023, Strike Price $260.00
   
5,000
     
(123,905,000
)
   
(112,500
)
Total Call Options Written
                       
(Premiums Received $2,928,054)
                 
$
(2,406,483
)
 
                         
(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, 2023 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended January 31, 2023, 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. Deposit accounts are valued at acquisition cost, which approximates fair value. 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 trade price.
 
The Trust's valuation procedures provide for the designation of the Adviser as "Valuation Designee". 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 Valuation Designee, pursuant to procedures established by 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, 2023:

 
Category
                 
 
Investments in Securities
                 
 
Assets
                 
 
Level 1
                 
 
   Common Stocks
 
 $      2,341,802,563
             
 
   Exchange Traded Funds
 
           81,602,274
             
 
   Money Market Deposit Accounts
 
         234,538,746
             
 
Total Level 1
 
      2,657,943,583
             
 
Level 2
 
                         -
             
 
Total Level 2
 
                         -
             
 
Level 3
 
                         -
             
 
Total Level 3
 
                         -
             
 
Total
 
 $      2,657,943,583
             
 
Other Financial Instruments(a)
                 
 
Liabilities
                 
 
Level 1
                 
 
   Options Written
 
 $             2,406,483
             
 
Total Level 1
 
             2,406,483
             
 
Level 2
                 
 
Total Level 2
 
                           -
             
 
Level 3
 
                         -
             
 
Total Level 3
 
                         -
             
 
Total
 
 $             2,406,483
             
                     
 
(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, 2023, there were no transfers into or out of Level 3 for the Fund.