Amplify Emerging Markets FinTech ETF
 
Schedule of Investments
 
January 31, 2024 (Unaudited)
 
   
COMMON STOCKS - 99.2%
 
Shares
   
Value
 
Banking - 10.8%
       
Bank BTPN Syariah Tbk PT
   
529,400
   
$
53,343
 
Bank Jago Tbk PT(a)
   
510,300
     
103,806
 
NU Holdings Ltd. - Class A(a)
   
6,692
     
57,618
 
TCS Group Holding PLC - GDR(a)(b)
   
2,536
     
0
 
             
214,767
 
                 
Digital Assets/Wallets - 5.6%
         
Danal Co. Ltd.(a)
   
17,972
     
53,863
 
Discovery Ltd.
   
7,736
     
57,620
 
             
111,483
 
                 
Fintech Software - 6.8%
         
Bairong, Inc.(a)(c)(d)
   
24,000
     
35,245
 
GoTo Gojek Tokopedia Tbk PT(a)
   
14,115,800
     
78,720
 
Linklogis, Inc. - Class B(c)(d)
   
151,000
     
21,827
 
             
135,792
 
                 
Insurance - 3.5%
         
Ping An Insurance Group Co. of China Ltd.
   
6,000
     
25,098
 
Renaissance Insurance Group JSC(b)
   
196,320
     
0
 
Waterdrop, Inc. - ADR(a)(e)
   
29,076
     
28,494
 
ZhongAn Online P&C Insurance Co. Ltd. - Class H(a)(c)(d)
   
10,800
     
16,800
 
             
70,392
 
                 
Investment & Trading - 6.9%
         
Futu Holdings Ltd. - ADR(a)
   
956
     
44,664
 
Up Fintech Holding Ltd. - ADR(a)
   
6,568
     
24,499
 
XP, Inc. - Class A
   
2,752
     
67,644
 
             
136,807
 
                 
Lending & Credit - 12.4%
         
FinVolution Group - ADR
   
6,248
     
30,053
 
Jiayin Group, Inc. - ADR
   
6,312
     
34,716
 
Kaspi.KZ JSC - ADR
   
592
     
54,464
 
LexinFintech Holdings Ltd. - ADR
   
16,572
     
29,995
 
Lufax Holding Ltd. - ADR
   
7,736
     
18,334
 
Pagaya Technologies Ltd. - Class A(a)
   
43,752
     
51,190
 
Qifu Technology, Inc. - ADR
   
2,023
     
29,030
 
             
247,782
 
                 
Payment - 51.8%(f)
         
Alibaba Group Holding Ltd.
   
3,000
     
26,691
 
Dlocal Ltd./Uruguay(a)
   
3,004
     
48,394
 
EVERTEC, Inc.
   
1,532
     
61,525
 
Forth Smart Service PCL - NVDR
   
235,585
     
45,487
 
Grab Holdings Ltd. (a)
   
16,684
     
51,220
 
Green World FinTech Service Co. Ltd.
   
4,040
     
58,342
 
Jumia Technologies AG - ADR(a)(e)
   
23,312
     
67,372
 
Kakaopay Corp.(a)
   
1,904
     
67,548
 
Kginicis Co. Ltd.
   
7,004
     
64,286
 
MercadoLibre, Inc.(a)
   
46
     
78,744
 
Network International Holdings PLC(a)(c)(d)
   
11,388
     
56,181
 
Pagseguro Digital Ltd. - Class A(a)
   
7,228
     
93,024
 
PAX Global Technology Ltd.
   
77,000
     
53,880
 
Sea Ltd. - ADR(a)
   
1,220
     
46,531
 
StoneCo Ltd. - Class A(a)
   
5,440
     
93,515
 
Tencent Holdings Ltd.
   
800
     
27,693
 
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA
   
16,700
     
69,218
 
Yeahka Ltd.(a)
   
16,400
     
25,595
 
             
1,035,246
 
                 
Real Estate Services - 1.4%
         
KE Holdings, Inc. - ADR
   
1,944
     
27,546
 
TOTAL COMMON STOCKS (Cost $2,783,759)
     
1,979,815
 
                 
SHORT-TERM INVESTMENTS - 5.1%
               
Investments Purchased with Proceeds from Securities Lending - 4.4%
               
First American Government Obligations Fund - Class X, 5.18%(g)
   
87,289
     
87,289
 
                 
Money Market Funds - 0.7%
               
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(g)
   
14,009
     
14,009
 
TOTAL SHORT-TERM INVESTMENTS (Cost $101,298)
     
101,298
 
                 
TOTAL INVESTMENTS - 104.3% (Cost $2,885,057)
     
2,081,113
 
Liabilities in Excess of Other Assets - (4.3)%
     
(85,034
)
TOTAL NET ASSETS - 100.0%
         
$
1,996,079
 

Percentages are stated as a percent of net assets.
 
For Fund compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Industries are shown as a percentage of net assets.
 

ADR - American Depositary Receipt
GDR - Global Depositary Receipt
NVDR - Non-Voting Depositary Receipt
PLC - Public Limited Company
SA - Sociedad Anónima

(a)
Non-income producing security.
(b)
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of January 31, 2024.
(c)
Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of January 31, 2024, the value of these securities total $130,053 or 6.5% of the Fund’s net assets.
(d)
Security is exempt from registration under Regulation S of the Securities Act of 1933. As of January 31, 2024, the value of these securities total $130,053 or 6.5% of net assets.
(e)
All or a portion of this security is on loan as of January 31, 2024. The total market value of these securities was $78,873 which represented 4.0% of net assets.
(f)
To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(g)
The rate shown represents the 7-day effective yield as of January 31, 2024.



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 period ended January 31, 2024 maximized the use of observable inputs and minimized the use of unobservable inputs.

For the period ended January 31, 2024, there have been no significant changes to the Funds’ 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 at 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 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. Futures contracts will be valued at the settlement price. If there is no current 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 there is 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 Funds’ Board of Trustees (the “Board”).

The following is a summary of the fair valuations according to the inputs used to value the Funds’ investments as of January 31, 2024:

Amplify Emerging Markets FinTech ETF
 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Assets:
                       
  Common Stocks
                       
        Banking
 
$
214,767
   
$
   
$
0
   
$
214,767
 
        Digital Assets/Wallets
   
111,483
     
     
     
111,483
 
        Fintech Software
   
135,792
     
     
     
135,792
 
        Insurance
   
70,392
     
     
0
     
70,392
 
        Investment & Trading
   
136,807
     
     
     
136,807
 
        Lending & Credit
   
247,782
     
     
     
247,782
 
        Payment
   
1,035,246
     
     
     
1,035,246
 
        Real Estate Services
   
27,546
     
     
     
27,546
 
  Common Stocks - Total
 
$
1,979,815
   
$
   
$
0
   
$
1,979,815
 
  Investments Purchased with Proceeds from Securities Lending
   
87,289
     
     
     
87,289
 
  Money Market Funds
   
14,009
     
     
     
14,009
 
Total Assets
 
$
2,081,113
   
$
   
$
0
   
$
2,081,113
 
                                 
   
Refer to the Schedule of Investments for industry classifications.
 
   
For the period ended January 31, 2024, there were no transfers into or out of Level 3 for the Fund.

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 January 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.



Allocation of Portfolio Holdings by Country as of January 31, 2024
       
(% of Net Assets)
       
China
 
$
401,616
     
20.1
%
Brazil
   
381,019
     
19.1
 
Indonesia
   
235,869
     
11.8
 
South Korea
   
185,697
     
9.3
 
Uruguay
   
127,138
     
6.4
 
Hong Kong
   
98,544
     
4.9
 
Singapore
   
97,751
     
4.9
 
Germany
   
67,372
     
3.4
 
Puerto Rico
   
61,525
     
3.1
 
Taiwan
   
58,342
     
2.9
 
South Africa
   
57,620
     
2.9
 
United Arab Emirates
   
56,181
     
2.8
 
Kazakhstan
   
54,464
     
2.7
 
Israel
   
51,190
     
2.6
 
Thailand
   
45,487
     
2.3
 
Cyprus
   
0
     
 
Russia
   
0
     
 
Investments Purchased with Proceeds from Securities Lending
   
101,298
     
5.1
 
Liabilities in Excess of Other Assets
   
(85,034
)
   
(4.3
)
   
$
1,996,079
     
100.0
%