Amplify Cybersecurity ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.6%
  
Shares
    
Value
 
Industrials - 10.0%
        
General Dynamics Corp.
    
406,534
    
$
118,569,706
  
Northrop Grumman Corp.
    
230,793
      
115,391,884
  
             
233,961,590
  
                 
Information Technology - 89.6%(a)
          
A10 Networks, Inc.
    
3,541,467
      
68,527,387
  
Broadcom, Inc.
    
705,463
      
194,460,876
  
Check Point Software Technologies, Ltd. (b)
    
410,549
      
90,833,966
  
Cisco Systems, Inc.
    
2,160,726
      
149,911,170
  
Cloudflare, Inc. - Class A (b)
    
634,740
      
124,301,134
  
Crowdstrike Holdings, Inc. - Class A (b)
    
258,849
      
131,834,384
  
CyberArk Software, Ltd. (b)
    
245,777
      
100,001,746
  
F5, Inc. (b)
    
313,144
      
92,164,542
  
Fortinet, Inc. (b)
    
1,105,866
      
116,912,154
  
Gen Digital, Inc.
    
3,189,528
      
93,772,123
  
Okta, Inc. (b)
    
880,339
      
88,007,490
  
Palo Alto Networks, Inc. (b)(c)
    
642,483
      
131,477,721
  
Qualys, Inc. (b)
    
545,380
      
77,918,441
  
Radware, Ltd. (b)
    
2,531,586
      
74,529,892
  
Rapid7, Inc. (b)
    
2,731,192
      
63,172,471
  
Rubrik, Inc. - Class A (b)(c)
    
917,353
      
82,185,655
  
SentinelOne, Inc. - Class A (b)
    
4,450,644
      
81,357,772
  
Tenable Holdings, Inc. (b)
    
2,249,740
      
75,996,217
  
Trend Micro, Inc.
    
1,131,223
      
78,135,012
  
Varonis Systems, Inc. (b)
    
1,609,265
      
81,670,199
  
Zscaler, Inc. (b)
    
360,500
      
113,175,370
  
             
2,110,345,722
  
TOTAL COMMON STOCKS (Cost $1,688,912,219)
      
2,344,307,312
  
                 
SHORT-TERM INVESTMENTS - 6.4%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 5.9%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC, 4.50% (d)
    
139,095,491
      
139,095,491
  
                 
Money Market Funds - 0.5%
  
Shares
          
Invesco Government & Agency Portfolio - Institutional Class, 4.26% (d)
    
11,936,451
      
11,936,451
  
TOTAL SHORT-TERM INVESTMENTS (Cost $151,031,941)
      
151,031,942
  
                 
TOTAL INVESTMENTS - 106.0% (Cost $1,839,944,160)
      
2,495,339,254
  
Liabilities in Excess of Other Assets - (6.0)%
      
(140,155,892
)
TOTAL NET ASSETS - 100.0%
          
$
2,355,183,362
  
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.
  

LLC - Limited Liability Company

(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)
All or a portion of this security is on loan as of June 30, 2025. The fair value of these securities was $138,906,808.
(d)
The rate shown represents the 7-day annualized effective yield as of June 30, 2025.


Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
 
Amplify Cybersecurity ETF (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of June 30, 2025:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
    
2,344,307,312
      
–
      
–
      
2,344,307,312
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
139,095,491
  
  Money Market Funds
    
11,936,451
      
–
      
–
      
11,936,451
  
Total Investments
    
2,356,243,763
      
–
      
–
      
2,495,339,254
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  

(a)
Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $139,095,490 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

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 June 30, 2025, 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.