Amplify Emerging Markets FinTech ETF
 
Schedule of Investments
 
January 31, 2023 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.7%
           
Banking - 6.3%
           
Bank BTPN Syariah Tbk PT
   
365,200
   
$
62,369
 
Bank Jago Tbk PT (a)
   
217,000
     
46,469
 
NU Holdings Ltd. - Class A (a)
   
15,665
     
72,842
 
TCS Group Holding PLC - GDR (a) (b) (c) (d)
   
2,536
     
 
             
181,680
 
Digital Assets - 5.7%
               
Danal Co. Ltd. (a)
   
16,585
     
79,303
 
Discovery Ltd. (a)
   
10,650
     
84,333
 
             
163,636
 
Fintech Software - 6.1%
               
Bairong, Inc. (a) (e)
   
44,500
     
67,557
 
GoTo Gojek Tokopedia Tbk PT (a)
   
5,477,000
     
40,922
 
Linklogis, Inc. - Class B (a) (e)
   
112,500
     
68,604
 
             
177,083
 
Insurance - 5.3%
               
Ping An Insurance Group Co. of China Ltd. - Class H
   
10,000
     
77,438
 
Renaissance Insurance Group JSC (a) (b) (c)
   
196,320
     
 
ZhongAn Online P&C Insurance Co. Ltd. - Class H (a) (e)
   
22,600
     
75,251
 
             
152,689
 
Investment & Trading - 7.9%
               
Futu Holdings Ltd. - ADR (a) (f)
   
2,030
     
103,043
 
Up Fintech Holding Ltd. - ADR (a)
   
12,465
     
50,483
 
XP, Inc. - Class A (a)
   
4,105
     
73,151
 
             
226,677
 
Lending & Credit - 13.9%
               
360 DigiTech, Inc. - ADR
   
4,555
     
109,912
 
FinVolution Group - ADR
   
10,000
     
54,900
 
Kaspi.KZ JSC - GDR (d)
   
1,090
     
79,897
 
Lufax Holding Ltd. - ADR
   
29,015
     
88,496
 
Yixin Group Ltd. (a) (e)
   
499,000
     
68,116
 
             
401,321
 
Payment - 51.9%
               
Alibaba Group Holding Ltd. (a)
   
5,400
     
74,126
 
Dlocal Ltd. (a) (f)
   
3,200
     
53,088
 
EVERTEC, Inc.
   
1,990
     
73,511
 
Fawry for Banking & Payment Technology Services SAE (a)
   
423,699
     
87,885
 
Forth Smart Service PCL - NVDR
   
131,435
     
67,290
 
Grab Holdings Ltd. (a)
   
28,250
     
107,067
 
Green World FinTech Service Co. Ltd.
   
5,040
     
80,992
 
Jumia Technologies AG - ADR (a)
   
13,825
     
58,065
 
Kakaopay Corp. (a)
   
2,860
     
141,630
 
Kginicis Co. Ltd.
   
7,820
     
83,863
 
Meituan - Class B (a) (e)
   
160
     
3,564
 
MercadoLibre, Inc. (a)
   
85
     
100,444
 
Network International Holdings PLC (a) (e)
   
18,325
     
59,513
 
Pagseguro Digital Ltd. - Class A (a)
   
5,225
     
52,720
 
PAX Global Technology Ltd.
   
87,000
     
82,133
 
Sea Ltd. - ADR (a)
   
1,405
     
90,552
 
StoneCo Ltd. - Class A (a)
   
7,030
     
78,455
 
Tencent Holdings Ltd.
   
1,600
     
78,014
 
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA
   
34,900
     
63,474
 
Yeahka Ltd. (a)
   
18,400
     
61,032
 
             
1,497,418
 
Real Estate Services - 2.6%
               
KE Holdings, Inc. - ADR (a)
   
4,030
     
73,910
 
Total Common Stocks (Cost $4,110,609)
           
2,874,414
 
                 
MONEY MARKET FUNDS - 0.2%
               
Invesco Government & Agency Portfolio - Institutional Class - 4.30% (g)
   
6,351
     
6,351
 
Total Money Market Funds (Cost $6,351)
           
6,351
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.7%
               
First American Government Obligations Fund - Class X - 4.10% (g)
   
136,621
     
136,621
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $136,621)
           
136,621
 
Total Investments - 104.6%
               
(Cost $4,253,581)
         
$
3,017,386
 

Percentages are based on Net Assets of $2,883,473.
                   
ADR -
American Depositary Receipt
GDR -
Global Depositary Receipt
NVDR -
Non-Voting Depositary Receipt
(a)
Non-income producing security.
(b)
Illiquid security. At January 31, 2023, the value of these securities amounted to $0 or 0.0% of net assets.
(c)
The Fund has fair valued this security. Value determined using significant unobservable inputs.
(d)
Security exempt from registration under Regulation S of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund's liquidity guidelines. At January 31, 2023, the value of these securities amounted to $79,897 or 2.8% of net assets.
(e)
Security exempt from registration under Rule 144(a) and Regulation S of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund's liquidity guidelines. At January 31, 2023, the value of these securities amounted to $342,605 or 11.9% of net assets.
(f)
All or a portion of this security is out on loan as of January 31, 2023. Total value of the securities out on loan is $132,878 or 4.6% of net assets.
(g)
Seven-day yield as of January 31, 2023.
                     
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 rating 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.


 
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
                               
   
Brazil
 
 $        340,642
                           
   
China
 
           951,403
                           
   
Egypt
 
             87,885
                           
   
Germany
 
             58,065
                           
   
Hong Kong
 
           185,175
                           
   
Indonesia
 
           149,760
                           
   
Kazakhstan
 
             79,897
                           
   
Puerto Rico
 
             73,511
                           
   
Singapore
 
           197,620
                           
   
South Africa
 
             84,332
                           
   
South Korea
 
           304,796
                           
   
Taiwan
 
             80,993
                           
   
Thailand
 
             67,290
                           
   
United Arab Emirates
 
             59,513
                           
   
Uruguay
 
           153,532
                           
   
   Money Market Funds
                               
   
United States
 
              6,351
                           
   
   Investments Purchased with Proceeds from Securities Lending
                               
   
United States
 
          136,621
                           
   
Total Level 1
 
        3,017,386
                           
   
Level 2
 
                    -
                           
   
Total Level 2
 
                    -
                           
   
Level 3
 
                    -
                           
   
   Common Stocks
                               
   
Cyprus
 
0
                           
   
Russia
 
0
                           
   
Total Level 3
 
0
                           
   
Total
 
 $     3,017,386
                           
                                     
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. Below is a reconciliation of securities in Level 3 for the Fund.
   

EMFQ
 
Balance as of 10/31/2022
   
Net Realized
Gain (Loss)
   
Net Change in Unrealized Appreciation (Depreciation)
   
Purchases/
Acquisition
   
Sales
   
Corporate
Action
   
Transfers
In/Out of
Level 3
   
Balance as of 01/31/2023
   
Net Change in Unrealized Appreciation (Depreciation) on Securities held at 01/31/2023
 
Common Stocks
 
$
0
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
0
   
$
-
 
                                                                         
The following is a summary of quantitative information about Level 3 Fair Value Measurements:
                                 
                                                                         
EMFQ
                 
Fair Value as
of 01/31/23
   
Valuation Techniques
   
Unobservable
Input
   
Range/Weighted Average Unobservable
Input
   
Impact to
Valuation
from an
Increase to
Input
                 
Common Stocks
                 
$
0
   
Market Approach
   
No Market Activity
     
-
   
Increase
                 
                                                                         
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, 2023, 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.