Amplify COWS Covered Call ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 100.0%
  
Shares
    
Value
 
Communication Services - 16.1%
        
Comcast Corp. - Class A (a)
    
6,624
    
$
236,411
  
Fox Corp. - Class A (a)
    
4,208
      
235,816
  
Interpublic Group of Cos., Inc. (a)
    
9,015
      
220,687
  
Match Group, Inc. (a)
    
7,388
      
228,215
  
Nexstar Media Group, Inc. (a)
    
1,352
      
233,829
  
Omnicom Group, Inc. (a)
    
3,179
      
228,697
  
Sirius XM Holdings, Inc. (a)
    
10,315
      
236,936
  
Warner Bros Discovery, Inc. (a)(b)
    
22,170
      
254,068
  
             
1,874,659
  
                 
Consumer Discretionary - 22.1%
          
Abercrombie & Fitch Co. - Class A (a)(b)
    
2,950
      
244,407
  
Bath & Body Works, Inc. (a)
    
8,873
      
265,835
  
Best Buy Co., Inc. (a)
    
3,171
      
212,869
  
Crocs, Inc. (a)(b)
    
2,234
      
226,260
  
Expedia Group, Inc. (a)
    
1,345
      
226,875
  
Gap, Inc. (a)
    
10,426
      
227,391
  
Gentex Corp. (a)
    
7,536
      
165,717
  
Lear Corp. (a)
    
2,479
      
235,455
  
PVH Corp. (a)
    
3,542
      
242,981
  
Tapestry, Inc. (a)
    
3,563
      
312,867
  
VF Corp. (a)
    
17,991
      
211,394
  
             
2,572,051
  
                 
Consumer Staples - 2.3%
          
Molson Coors Beverage Co. - Class B (a)
    
5,627
      
270,602
  
                 
Energy - 18.1%
          
APA Corp. (a)
    
11,883
      
217,340
  
EOG Resources, Inc. (a)
    
1,314
      
157,168
  
Halliburton Co. (a)
    
9,677
      
197,217
  
Magnolia Oil & Gas Corp. - Class A (a)
    
9,007
      
202,477
  
Matador Resources Co. (a)
    
5,941
      
283,505
  
NOV, Inc. (a)
    
17,429
      
216,642
  
Ovintiv, Inc. (a)
    
5,736
      
218,255
  
Permian Resources Corp. (a)
    
16,272
      
221,625
  
Schlumberger NV (a)
    
6,468
      
218,618
  
Valero Energy Corp. (a)
    
1,305
      
175,418
  
             
2,108,265
  
                 
Financials - 8.5%
          
Fidelity National Financial, Inc. (a)
    
5,235
      
293,474
  
First American Financial Corp. (a)
    
3,516
      
215,847
  
Global Payments, Inc. (a)
    
2,926
      
234,197
  
WEX, Inc. (a)(b)
    
1,657
      
243,397
  
             
986,915
  
                 
Health Care - 1.3%
          
Zimmer Biomet Holdings, Inc. (a)
    
1,690
      
154,145
  
                 
Industrials - 15.4%
          
Allison Transmission Holdings, Inc. (a)
    
2,001
      
190,075
  
FedEx Corp. (a)
    
1,300
      
295,503
  
Genpact Ltd. (a)
    
6,642
      
292,315
  
Oshkosh Corp. (a)
    
1,681
      
190,861
  
Owens Corning (a)
    
2,114
      
290,717
  
Timken Co. (a)
    
3,177
      
230,491
  
WESCO International, Inc. (a)
    
1,639
      
303,543
  
             
1,793,505
  
                 
Information Technology - 8.5%
          
Dell Technologies, Inc. - Class C (a)
    
2,618
      
320,967
  
NetApp, Inc. (a)
    
1,737
      
185,077
  
QUALCOMM, Inc. (a)
    
1,826
      
290,809
  
Vontier Corp. (a)
    
5,247
      
193,614
  
             
990,467
  
                 
Materials - 5.6%
          
Alcoa Corp. (a)
    
10,134
      
299,054
  
Cabot Corp. (a)
    
2,369
      
177,675
  
Sealed Air Corp. (a)
    
5,659
      
175,599
  
             
652,328
  
                 
Utilities - 2.1%
          
NRG Energy, Inc. (a)
    
1,563
      
250,987
  
TOTAL COMMON STOCKS (Cost $11,705,193)
      
11,653,924
  
                 
SHORT-TERM INVESTMENTS - 1.0%
          
Value
 
Money Market Funds - 1.0%
  
Shares
          
Invesco Government & Agency Portfolio - Institutional Class, 4.26% (c)
    
118,366
      
118,366
  
TOTAL SHORT-TERM INVESTMENTS (Cost $118,366)
      
118,366
  
                 
TOTAL INVESTMENTS - 101.0% (Cost $11,823,559)
      
11,772,290
  
Liabilities in Excess of Other Assets - (1.0)%
      
(111,663
)
TOTAL NET ASSETS - 100.0%
          
$
11,660,627
  
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)
Held in connection with written option contracts. See Schedule of Written Options for further information.
(b)
Non-income producing security.
(c)
The rate shown represents the 7-day annualized effective yield as of June 30, 2025.


   
Amplify COWS Covered Call ETF
  
Schedule of Written Options
  
June 30, 2025 (Unaudited)
  
   
WRITTEN OPTIONS - (1.0)%
  
Notional Amount
    
Contracts
    
Value
  
Call Options - (1.0)% (a)(b)
  
Abercrombie & Fitch Co.
          
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $84.00
    
(157,415
)
    
(19
)
    
(5,700
)
Expiration: 07/18/2025; Exercise Price: $86.00
    
(57,995
)
    
(7
)
    
(1,522
)
Alcoa Corp.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $33.00
    
(123,942
)
    
(42
)
    
(1,617
)
Expiration: 07/18/2025; Exercise Price: $32.00
    
(120,991
)
    
(41
)
    
(2,440
)
Allison Transmission Holdings, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $100.00
    
(94,990
)
    
(10
)
    
(475
)
Expiration: 07/18/2025; Exercise Price: $95.00
    
(47,495
)
    
(5
)
    
(1,112
)
APA Corp.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $20.00
    
(107,911
)
    
(59
)
    
(1,032
)
Expiration: 07/18/2025; Exercise Price: $22.00
    
(87,792
)
    
(48
)
    
(264
)
Bath & Body Works, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $32.00
    
(104,860
)
    
(35
)
    
(1,225
)
Expiration: 07/18/2025; Exercise Price: $31.00
    
(137,816
)
    
(46
)
    
(2,990
)
Best Buy Co., Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $70.00
    
(87,269
)
    
(13
)
    
(1,124
)
Expiration: 07/18/2025; Exercise Price: $72.00
    
(100,695
)
    
(15
)
    
(622
)
Cabot Corp., Expiration: 07/18/2025; Exercise Price: $80.00
    
(142,500
)
    
(19
)
    
(1,710
)
Comcast Corp.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $36.50
    
(121,346
)
    
(34
)
    
(391
)
Expiration: 07/18/2025; Exercise Price: $36.00
    
(96,363
)
    
(27
)
    
(837
)
Crocs, Inc., Expiration: 07/18/2025; Exercise Price: $104.00
    
(202,560
)
    
(20
)
    
(4,000
)
Dell Technologies, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $127.00
    
(122,600
)
    
(10
)
    
(2,060
)
Expiration: 07/18/2025; Exercise Price: $130.00
    
(134,860
)
    
(11
)
    
(1,419
)
EOG Resources, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $125.00
    
(59,805
)
    
(5
)
    
(325
)
Expiration: 07/18/2025; Exercise Price: $132.00
    
(71,766
)
    
(6
)
    
(75
)
Expedia Group, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $180.00
    
(84,340
)
    
(5
)
    
(552
)
Expiration: 07/18/2025; Exercise Price: $175.00
    
(101,208
)
    
(6
)
    
(1,419
)
FedEx Corp.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $235.00
    
(113,655
)
    
(5
)
    
(1,035
)
Expiration: 07/18/2025; Exercise Price: $255.00
    
(113,655
)
    
(5
)
    
(132
)
Fidelity National Financial, Inc., Expiration: 07/18/2025; Exercise Price: $60.00
    
(280,300
)
    
(50
)
    
(375
)
First American Financial Corp., Expiration: 07/18/2025; Exercise Price: $60.00
    
(171,892
)
    
(28
)
    
(7,140
)
Fox Corp., Expiration: 07/18/2025; Exercise Price: $59.00
    
(207,348
)
    
(37
)
    
(740
)
Gap, Inc., Expiration: 07/18/2025; Exercise Price: $23.00
    
(207,195
)
    
(95
)
    
(2,185
)
Genpact Ltd., Expiration: 07/18/2025; Exercise Price: $45.00
    
(233,253
)
    
(53
)
    
(2,782
)
Gentex Corp., Expiration: 07/18/2025; Exercise Price: $22.50
    
(142,935
)
    
(65
)
    
(1,463
)
Global Payments, Inc., Expiration: 07/18/2025; Exercise Price: $80.00
    
(184,092
)
    
(23
)
    
(5,348
)
Halliburton Co.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $24.00
    
(61,140
)
    
(30
)
    
(75
)
Expiration: 07/18/2025; Exercise Price: $22.50
    
(95,786
)
    
(47
)
    
(235
)
Interpublic Group of Cos., Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $25.00
    
(88,128
)
    
(36
)
    
(1,260
)
Expiration: 07/18/2025; Exercise Price: $26.00
    
(88,128
)
    
(36
)
    
(270
)
Lear Corp., Expiration: 07/18/2025; Exercise Price: $100.00
    
(208,956
)
    
(22
)
    
(1,595
)
Magnolia Oil & Gas Corp., Expiration: 07/18/2025; Exercise Price: $25.00
    
(161,856
)
    
(72
)
    
(1,440
)
Matador Resources Co.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $55.00
    
(114,528
)
    
(24
)
    
(180
)
Expiration: 07/18/2025; Exercise Price: $52.50
    
(128,844
)
    
(27
)
    
(810
)
Match Group, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $33.50
    
(89,581
)
    
(29
)
    
(203
)
Expiration: 07/18/2025; Exercise Price: $33.00
    
(92,670
)
    
(30
)
    
(435
)
Molson Coors Beverage Co., Expiration: 07/18/2025; Exercise Price: $50.00
    
(216,405
)
    
(45
)
    
(1,350
)
NetApp, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $111.00
    
(74,585
)
    
(7
)
    
(262
)
Expiration: 07/18/2025; Exercise Price: $110.00
    
(85,240
)
    
(8
)
    
(400
)
Nexstar Media Group, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $185.00
    
(103,770
)
    
(6
)
    
(600
)
Expiration: 07/18/2025; Exercise Price: $180.00
    
(103,770
)
    
(6
)
    
(990
)
NOV, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $15.00
    
(87,010
)
    
(70
)
    
(700
)
Expiration: 07/18/2025; Exercise Price: $14.00
    
(110,627
)
    
(89
)
    
(1,335
)
NRG Energy, Inc., Expiration: 07/18/2025; Exercise Price: $170.00
    
(208,754
)
    
(13
)
    
(2,665
)
Omnicom Group, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $75.00
    
(100,716
)
    
(14
)
    
(1,015
)
Expiration: 07/18/2025; Exercise Price: $80.00
    
(100,716
)
    
(14
)
    
(665
)
Oshkosh Corp., Expiration: 07/18/2025; Exercise Price: $115.00
    
(147,602
)
    
(13
)
    
(4,225
)
Ovintiv, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $40.00
    
(114,150
)
    
(30
)
    
(1,575
)
Expiration: 07/18/2025; Exercise Price: $45.00
    
(87,515
)
    
(23
)
    
(173
)
Owens Corning, Expiration: 07/18/2025; Exercise Price: $145.00
    
(233,784
)
    
(17
)
    
(2,635
)
Permian Resources Corp.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $16.00
    
(88,530
)
    
(65
)
    
(163
)
Expiration: 07/18/2025; Exercise Price: $15.00
    
(115,770
)
    
(85
)
    
(638
)
PVH Corp., Expiration: 07/18/2025; Exercise Price: $70.00
    
(226,380
)
    
(33
)
    
(6,188
)
QUALCOMM, Inc., Expiration: 07/18/2025; Exercise Price: $165.00
    
(238,890
)
    
(15
)
    
(2,625
)
Schlumberger NV
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $37.50
    
(135,200
)
    
(40
)
    
(480
)
Expiration: 07/18/2025; Exercise Price: $38.00
    
(67,600
)
    
(20
)
    
(100
)
Sealed Air Corp., Expiration: 07/18/2025; Exercise Price: $32.50
    
(139,635
)
    
(45
)
    
(788
)
Sirius XM Holdings, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $24.50
    
(117,147
)
    
(51
)
    
(918
)
Expiration: 07/18/2025; Exercise Price: $24.00
    
(96,474
)
    
(42
)
    
(1,281
)
Tapestry, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $92.00
    
(140,496
)
    
(16
)
    
(880
)
Expiration: 07/18/2025; Exercise Price: $93.00
    
(114,153
)
    
(13
)
    
(553
)
Timken Co.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $80.00
    
(116,080
)
    
(16
)
    
(1,800
)
Expiration: 07/18/2025; Exercise Price: $75.00
    
(87,060
)
    
(12
)
    
(1,920
)
Valero Energy Corp.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $148.00
    
(67,210
)
    
(5
)
    
(208
)
Expiration: 07/18/2025; Exercise Price: $144.00
    
(80,652
)
    
(6
)
    
(252
)
VF Corp., Expiration: 07/18/2025; Exercise Price: $13.50
    
(169,200
)
    
(144
)
    
(1,440
)
Vontier Corp., Expiration: 07/18/2025; Exercise Price: $40.00
    
(169,740
)
    
(46
)
    
(1,150
)
Warner Bros Discovery, Inc., Expiration: 07/18/2025; Exercise Price: $12.00
    
(246,390
)
    
(215
)
    
(3,870
)
WESCO International, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $195.00
    
(111,120
)
    
(6
)
    
(660
)
Expiration: 07/18/2025; Exercise Price: $190.00
    
(129,640
)
    
(7
)
    
(2,240
)
WEX, Inc., Expiration: 07/18/2025; Exercise Price: $150.00
    
(205,646
)
    
(14
)
    
(4,305
)
Zimmer Biomet Holdings, Inc.
            
–
    
$
–
  
Expiration: 07/18/2025; Exercise Price: $95.00
    
(63,847
)
    
(7
)
    
(437
)
Expiration: 07/18/2025; Exercise Price: $100.00
    
(72,968
)
    
(8
)
    
(140
)
TOTAL WRITTEN OPTIONS (Premiums received $81,775)
                  
$
(112,240
)
   
Percentages are stated as a percent of net assets.
  

(a)
100 shares per contract.
(b)
Exchange-traded.


Security Name
  
Value at
September 30, 2024
    
Purchases
    
Sales
    
Net Realized
Gain (Losses)
    
Net Change in Unrealized Appreciation (Depreciation)
    
Dividend
Income
    
Value at
June 30, 2025
    
Ending Shares
  
Amplify Cash Flow Dividend Leaders ETF
    
1,525,413
      
8,625,852
      
(10,132,252
)
    
222,356
      
(241,369
)
    
-
      
-
      
-
  
   
$
1,525,413
    
$
8,625,852
    
$
(10,132,252
)
  
$
222,356
    
$
(241,369
)
  
$
-
    
$
-
    
$
-
  


Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
 
Amplify COWS Covered Call 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
    
11,653,924
      
–
      
–
      
11,653,924
  
  Money Market Funds
    
118,366
      
–
      
–
      
118,366
  
Total Investments
    
11,772,290
      
–
      
–
      
11,772,290
  
                                 
Liabilities:
                                
Investments:
                                
  Written Options
    
–
      
(112,240
)
    
–
      
(112,240
)
Total Investments
    
–
      
(112,240
)
    
–
      
(112,240
)
   
Refer to the Schedule of Investments for further disaggregation of investment categories.