Amplify Cybersecurity ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.8%
  
Shares
    
Value
 
Industrials - 16.4%
        
Booz Allen Hamilton Holding Corp.
    
466,914
    
$
60,091,832
  
General Dynamics Corp.
    
356,643
      
93,971,864
  
Leidos Holdings, Inc.
    
444,552
      
64,042,161
  
Northrop Grumman Corp.
    
201,370
      
94,500,927
  
             
312,606,784
  
                 
Information Technology - 83.4%(a)
          
A10 Networks, Inc.
    
1,955,081
      
35,973,490
  
Broadcom, Inc.
    
1,156,850
      
268,204,104
  
Check Point Software Technologies, Ltd. (b)
    
372,391
      
69,525,400
  
Cisco Systems, Inc.
    
2,318,825
      
137,274,440
  
Cloudflare, Inc. - Class A (b)
    
761,728
      
82,022,871
  
Crowdstrike Holdings, Inc. - Class A (b)
    
299,788
      
102,575,462
  
CyberArk Software, Ltd. (b)
    
201,421
      
67,103,406
  
F5, Inc. (b)
    
255,166
      
64,166,594
  
Fastly, Inc. - Class A (b)
    
3,921,059
      
37,014,797
  
Fortinet, Inc. (b)
    
1,024,030
      
96,750,354
  
Gen Digital, Inc.
    
2,231,486
      
61,098,087
  
Okta, Inc. (b)
    
791,005
      
62,331,194
  
Palo Alto Networks, Inc. (b)
    
603,014
      
109,724,428
  
Qualys, Inc. (b)
    
325,572
      
45,651,706
  
Rapid7, Inc. (b)
    
960,129
      
38,625,990
  
Rubrik, Inc. - Class A (b)(c)
    
886,853
      
57,964,712
  
SentinelOne, Inc. - Class A (b)(c)
    
1,967,152
      
43,670,774
  
Tenable Holdings, Inc. (b)
    
1,143,214
      
45,019,767
  
Trend Micro, Inc./Japan (b)
    
1,004,523
      
54,757,881
  
Varonis Systems, Inc. (b)
    
1,012,889
      
45,002,658
  
Zscaler, Inc. (b)
    
354,270
      
63,913,851
  
             
1,588,371,966
  
TOTAL COMMON STOCKS (Cost $1,500,000,273)
      
1,900,978,750
  
                 
SHORT-TERM INVESTMENTS - 1.4%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 1.1%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC, 4.58% (d)
    
21,945,600
      
21,945,600
  
                 
Money Market Funds - 0.3%
  
Shares
          
Invesco Government & Agency Portfolio – Institutional Class, 4.42% (d)
    
5,596,631
      
5,596,631
  
TOTAL SHORT-TERM INVESTMENTS (Cost $27,542,231)
      
27,542,231
  
                 
TOTAL INVESTMENTS - 101.2% (Cost $1,527,542,504)
      
1,928,520,981
  
Liabilities in Excess of Other Assets - (1.2)%
      
(23,142,014
)
TOTAL NET ASSETS - 100.0%
          
$
1,905,378,967
  
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.
  

(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 December 31, 2024. The total market value of these securities was $20,693,084 which represented 1.1% of net assets.
(d)
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 Cybersecurity 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
    
Investments
Measured at
Net Asset Value
    
Total
  
Investments:
                              
  Common Stocks
  
$
1,900,978,750
    
$
–
    
$
–
    
$
–
    
$
1,900,978,750
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
21,945,600
      
21,945,600
  
  Money Market Funds
    
5,596,631
      
–
      
–
      
–
      
5,596,631
  
Total Investments
  
$
1,906,575,381
    
$
–
    
$
–
    
$
21,945,600
    
$
1,928,520,981
  
       
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 $21,945,600 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 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.