Amplify Video Game Tech ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.6%
  
Shares
    
Value
 
Communication Services - 75.7%(a)
        
Alphabet, Inc. - Class A
    
1,852
    
$
350,584
  
Bilibili, Inc. - ADR (b)
    
59,298
      
1,073,887
  
Canal+ SADIR (b)
    
35,161
      
89,392
  
Capcom Co. Ltd.
    
48,292
      
1,067,488
  
CD Projekt SA
    
23,843
      
1,105,104
  
CMGE Technology Group Ltd. (b)
    
1,361,971
      
136,759
  
COLOPL, Inc.
    
49,301
      
150,576
  
Com2uS Corp. (b)
    
4,332
      
136,833
  
CyberAgent, Inc.
    
30,709
      
214,158
  
DeNA Co. Ltd.
    
13,019
      
259,701
  
Devsisters Co. Ltd. (b)
    
6,675
      
125,597
  
Electronic Arts, Inc.
    
6,895
      
1,008,739
  
Embracer Group AB (b)
    
417,087
      
1,138,479
  
Gamania Digital Entertainment Co. Ltd.
    
57,925
      
136,400
  
Gravity Co. Ltd. - ADR (b)
    
2,328
      
146,920
  
Gree, Inc.
    
52,731
      
152,999
  
GungHo Online Entertainment, Inc. (b)
    
10,499
      
222,726
  
Havas NV (b)
    
35,161
      
59,070
  
HUYA, Inc. - ADR
    
48,270
      
148,189
  
iDreamSky Technology Holdings, Ltd. (b)(c)(d)
    
435,457
      
151,357
  
IGG, Inc.
    
312,320
      
162,835
  
International Games System Co. Ltd.
    
37,346
      
1,109,518
  
JOYY, Inc. - ADR (b)
    
5,396
      
225,823
  
Kakao Games Corp. (b)
    
48,107
      
535,267
  
Koei Tecmo Holdings Co. Ltd.
    
18,921
      
223,510
  
Konami Group Corp.
    
10,913
      
1,027,694
  
Krafton, Inc. (b)
    
5,107
      
1,084,086
  
Louis Hachette Group (b)
    
35,160
      
54,976
  
Meta Platforms, Inc. - Class A
    
525
      
307,393
  
MIXI, Inc.
    
11,597
      
225,063
  
Modern Times Group MTG AB - Class B (b)
    
25,781
      
221,428
  
NCSoft Corp.
    
7,847
      
975,978
  
Neowiz
    
10,843
      
139,133
  
NetDragon Websoft Holdings, Ltd.
    
117,128
      
154,101
  
NetEase, Inc. - ADR
    
3,537
      
315,536
  
Netmarble Corp. (b)(c)(d)
    
23,002
      
807,800
  
Nexon Co. Ltd.
    
79,424
      
1,201,013
  
Nexon Games Co. Ltd. (b)
    
15,793
      
143,646
  
NHN Corp.
    
11,806
      
141,545
  
Nintendo Co. Ltd.
    
18,431
      
1,086,439
  
Paradox Interactive AB
    
30,429
      
565,660
  
Pearl Abyss Corp. (b)
    
44,410
      
835,619
  
Playtika Holding Corp.
    
129,806
      
900,854
  
Reddit, Inc. - Class A (b)
    
1,442
      
235,680
  
ROBLOX Corp. - Class A (b)
    
19,376
      
1,121,095
  
Sea, Ltd. - ADR (b)
    
1,884
      
199,892
  
SHIFT UP Corp. (b)
    
28,310
      
1,219,206
  
Soft-World International Corp.
    
36,843
      
140,474
  
SOOP Co. Ltd.
    
2,054
      
126,827
  
Square Enix Holdings Co. Ltd.
    
27,932
      
1,092,504
  
Stillfront Group AB (b)
    
207,171
      
156,654
  
Take-Two Interactive Software, Inc. (b)
    
6,010
      
1,106,321
  
Team17 Group PLC (b)
    
61,889
      
170,521
  
Tencent Holdings, Ltd.
    
6,170
      
331,219
  
Ubisoft Entertainment SA (b)
    
91,567
      
1,246,848
  
Vivendi SE (e)
    
35,161
      
93,681
  
VK IPJSC - GDR (b)(d)(f)
    
21,975
      
0
  
Webzen, Inc.
    
13,989
      
130,278
  
Wemade Co. Ltd. (b)
    
34,839
      
831,838
  
XD, Inc. (b)(d)
    
365,870
      
1,184,564
  
Ziff Davis, Inc. (b)
    
3,823
      
207,742
  
Zx, Inc. (b)(d)
    
143,700
      
134,118
  
             
30,049,337
  
                 
Consumer Discretionary - 8.6%
          
Amazon.com, Inc. (b)
    
1,450
      
318,115
  
Bandai Namco Holdings, Inc.
    
10,270
      
246,948
  
DoubleUGames Co. Ltd.
    
4,119
      
150,809
  
GameStop Corp. - Class A (b)
    
39,890
      
1,250,153
  
GOLFZON Co. Ltd.
    
3,090
      
137,273
  
Happinet Corp.
    
5,285
      
161,583
  
Hasbro, Inc.
    
3,289
      
183,888
  
Light & Wonder, Inc. (b)
    
2,260
      
195,219
  
Mattel, Inc. (b)
    
11,171
      
198,062
  
Sega Sammy Holdings, Inc.
    
12,942
      
253,306
  
Sony Group Corp.
    
15,100
      
323,695
  
             
3,419,051
  
                 
Health Care - 0.4%
          
Surgical Science Sweden AB (b)
    
11,381
      
160,581
  
                 
Information Technology - 14.9%
          
Advanced Micro Devices, Inc. (b)
    
2,261
      
273,106
  
Ansys, Inc. (b)
    
3,316
      
1,118,586
  
Apple, Inc.
    
1,315
      
329,302
  
AppLovin Corp. - Class A (b)
    
582
      
188,469
  
ARM Holdings PLC - ADR (b)
    
2,317
      
285,825
  
Corsair Gaming, Inc. (b)
    
20,286
      
134,091
  
Dolby Laboratories, Inc. - Class A
    
2,782
      
217,274
  
Intel Corp.
    
15,370
      
308,169
  
Logitech International SA
    
2,604
      
215,618
  
Microsoft Corp.
    
722
      
304,323
  
NVIDIA Corp.
    
2,204
      
295,975
  
PTC, Inc. (b)
    
1,098
      
201,889
  
Qualcomm, Inc.
    
1,994
      
306,318
  
Raspberry PI Holdings PLC (b)
    
32,564
      
254,894
  
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
    
1,081
      
213,487
  
Turtle Beach Corp. (b)
    
8,553
      
148,052
  
Unity Software, Inc. (b)
    
41,335
      
928,798
  
Western Digital Corp. (b)
    
3,060
      
182,468
  
             
5,906,644
  
TOTAL COMMON STOCKS (Cost $38,146,968)
      
39,535,613
  
                 
SHORT-TERM INVESTMENTS - 0.7%
                
Investments Purchased with Proceeds from Securities Lending - 0.1%
                
First American Government Obligations Fund - Class X, 4.39% (g)
    
44,534
      
44,534
  
                 
Money Market Funds - 0.6%
                
Invesco Government & Agency Portfolio - Institutional Class, 4.42% (g)
    
238,335
      
238,335
  
TOTAL SHORT-TERM INVESTMENTS (Cost $282,869)
      
282,869
  
                 
TOTAL INVESTMENTS - 100.3% (Cost $38,429,837)
      
39,818,482
  
Liabilities in Excess of Other Assets - (0.3)%
      
(133,818
)
TOTAL NET ASSETS - 100.0%
          
$
39,684,664
  
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.
  

AB - Aktiebolag
ADR - American Depositary Receipt
GDR - Global Depositary Receipt
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
SE - Societas Europeae

(a)
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.
(b)
Non-income producing security.
(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 December 31, 2024, the value of these securities total $959,157 or 2.4% of the Fund’s net assets.
(d)
Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of December 31, 2024, the value of these securities total $2,277,839 or 5.7% of the Fund’s net assets.
(e)
All or a portion of this security is on loan as of December 31, 2024. The total market value of these securities was $43,146 which represented 0.1% of net assets.
(f)
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 December 31, 2024.
(g)
The rate shown represents the 7-day annualized effective yield as of December 31, 2024.
Summary of Fair Value Disclosure as of December 31, 2024 (Unaudited)
 
Amplify Video Game Tech 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
  
$
39,535,613
    
$
–
    
$
–
(a) 
  
$
39,535,613
  
  Investments Purchased with Proceeds from Securities Lending
    
44,534
      
–
      
–
      
44,534
  
  Money Market Funds
    
238,335
      
–
      
–
      
238,335
  
Total Investments
  
$
39,818,482
    
$
–
    
$
–
(a) 
  
$
39,818,482
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   
Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were [no] transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year’s annual report.
  

(a)
Amount is less than $0.50.


Allocation of Portfolio Holdings by Country as of December 31, 2024
  
(% of Net Assets)
  
United States
  
$
11,702,680
      
29.7
%
Japan
    
7,909,403
      
20.0
  
South Korea
    
7,668,655
      
19.3
  
China
    
3,629,730
      
9.1
  
Sweden
    
2,242,802
      
5.7
  
Taiwan
    
1,599,879
      
4.0
  
France
    
1,484,897
      
3.6
  
Poland
    
1,105,104
      
2.8
  
Israel
    
900,854
      
2.3
  
United Kingdom
    
711,240
      
1.7
  
Singapore
    
588,550
      
1.5
  
Switzerland
    
215,618
      
0.5
  
Netherlands
    
59,070
      
0.1
  
Russia
    
0
      
–
  
Liabilities in Excess of Other Assets
    
(133,818
)
    
(0.3
)
   
$
39,684,664
      
100.0
%

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.