Amplify COWS Covered Call ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 95.6%
  
Shares
    
Value
 
Communication Services - 15.0%
        
AT&T, Inc. (a)
    
8,967
    
$
222,740
  
Comcast Corp. - Class A (a)
    
9,129
      
272,866
  
Fox Corp. - Class A (a)
    
2,904
      
212,195
  
Match Group, Inc. (a)
    
7,448
      
240,496
  
Nexstar Media Group, Inc. (a)
    
1,534
      
311,479
  
Omnicom Group, Inc. (a)
    
3,253
      
262,680
  
T-Mobile US, Inc. (a)
    
960
      
194,918
  
Verizon Communications, Inc. (a)
    
5,717
      
232,854
  
             
1,950,228
  
                 
Consumer Discretionary - 15.0%
          
Abercrombie & Fitch Co. - Class A (a)(b)
    
2,352
      
296,046
  
BorgWarner, Inc. (a)
    
5,786
      
260,717
  
Crocs, Inc. (a)(b)
    
2,890
      
247,153
  
Expedia Group, Inc. (a)
    
901
      
255,262
  
Gap, Inc. (a)
    
9,434
      
241,511
  
Gentex Corp. (a)
    
7,374
      
171,593
  
Lear Corp. (a)
    
2,259
      
258,881
  
LKQ Corp. (a)
    
7,634
      
230,547
  
             
1,961,710
  
                 
Consumer Staples - 1.9%
          
Molson Coors Beverage Co. - Class B (a)
    
5,375
      
250,905
  
                 
Energy - 15.5%
          
Chord Energy Corp. (a)
    
2,494
      
231,194
  
Coterra Energy, Inc. (a)
    
9,281
      
244,276
  
EQT Corp. (a)
    
5,498
      
294,693
  
Magnolia Oil & Gas Corp. - Class A (a)
    
10,033
      
219,622
  
Matador Resources Co. (a)
    
6,880
      
291,987
  
Ovintiv, Inc. (a)
    
6,044
      
236,864
  
Range Resources Corp. (a)
    
8,441
      
297,630
  
SLB Ltd. (a)
    
5,488
      
210,630
  
             
2,026,896
  
                 
Financials - 5.6%
          
Global Payments, Inc. (a)
    
3,134
      
242,572
  
PayPal Holdings, Inc. (a)
    
4,117
      
240,350
  
WEX, Inc. (a)(b)
    
1,629
      
242,688
  
             
725,610
  
                 
Health Care - 4.2%
          
Merck & Co., Inc. (a)
    
3,224
      
339,358
  
Zimmer Biomet Holdings, Inc. (a)
    
2,341
      
210,503
  
             
549,861
  
                 
Industrials - 16.5%
          
Delta Air Lines, Inc. (a)
    
4,501
      
312,369
  
FedEx Corp. (a)
    
1,107
      
319,768
  
Fortune Brands Innovations, Inc. (a)
    
3,677
      
183,924
  
Genpact Ltd. (a)
    
6,789
      
317,589
  
Leidos Holdings, Inc. (a)
    
1,672
      
301,629
  
Oshkosh Corp. (a)
    
1,529
      
192,088
  
Owens Corning (a)
    
2,724
      
304,843
  
Textron, Inc. (a)
    
2,504
      
218,274
  
             
2,150,484
  
                 
Information Technology - 12.7%
          
Cognizant Technology Solutions Corp. - Class A (a)
    
3,783
      
313,989
  
Dropbox, Inc. - Class A (a)(b)
    
9,257
      
257,345
  
NetApp, Inc. (a)
    
1,531
      
163,955
  
QUALCOMM, Inc. (a)
    
1,728
      
295,574
  
Salesforce, Inc. (a)
    
687
      
181,993
  
Skyworks Solutions, Inc. (a)
    
3,396
      
215,340
  
Vontier Corp. (a)
    
5,958
      
221,519
  
             
1,649,715
  
                 
Materials - 6.9%
          
Celanese Corp. (a)
    
5,820
      
246,069
  
CF Industries Holdings, Inc. (a)
    
3,310
      
255,995
  
Crown Holdings, Inc. (a)
    
1,906
      
196,261
  
Sealed Air Corp.
    
4,841
      
200,563
  
             
898,888
  
                 
Utilities - 2.3%
          
NRG Energy, Inc. (a)
    
1,872
      
298,097
  
TOTAL COMMON STOCKS (Cost $12,671,044)
      
12,462,394
  
                 
AFFILIATED EXCHANGE TRADED FUNDS - 4.5%
  
Shares
    
Value
 
Amplify Cash Flow Dividend Leaders ETF (c)
    
17,704
      
588,994
  
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $593,084)
      
588,994
  
                 
SHORT-TERM INVESTMENTS
  
MONEY MARKET FUNDS - 1.5%
  
Shares
    
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.86% (d)
    
190,193
      
190,193
  
TOTAL MONEY MARKET FUNDS (Cost $190,193)
      
190,193
  
                 
TOTAL INVESTMENTS - 101.6% (Cost $13,454,321)
      
13,241,581
  
Liabilities in Excess of Other Assets - (1.6)%
      
(214,007
)
TOTAL NET ASSETS - 100.0%
          
$
13,027,574
  
                 
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)
Affiliated security as defined by the Investment Company Act of 1940.
(d)
The rate shown represents the 7-day annualized yield as of December 31, 2025.

   
Amplify COWS Covered Call ETF
  
Schedule of Written Options
  
December 31, 2025 (Unaudited)
  
   
WRITTEN OPTIONS - (0.6)%
  
Notional Amount
    
Contracts
    
Value
  
Call Options - (0.6)% (a)(b)
  
Abercrombie & Fitch Co., Expiration: 01/16/2026; Exercise Price: $140.00
  
$
(264,327
)
    
(21
)
  
$
(2,835
)
AT&T, Inc., Expiration: 01/16/2026; Exercise Price: $25.00
    
(213,624
)
    
(86
)
    
(2,150
)
BorgWarner, Inc., Expiration: 01/16/2026; Exercise Price: $50.00
    
(247,830
)
    
(55
)
    
(688
)
Celanese Corp., Expiration: 01/16/2026; Exercise Price: $45.00
    
(228,312
)
    
(54
)
    
(4,590
)
CF Industries Holdings, Inc., Expiration: 01/16/2026; Exercise Price: $83.00
    
(232,020
)
    
(30
)
    
(1,350
)
Chord Energy Corp., Expiration: 01/16/2026; Exercise Price: $100.00
    
(222,480
)
    
(24
)
    
(1,140
)
Cognizant Technology Solutions Corp., Expiration: 01/16/2026; Exercise Price: $90.00
    
(298,800
)
    
(36
)
    
(630
)
Comcast Corp., Expiration: 01/16/2026; Exercise Price: $31.50
    
(263,032
)
    
(88
)
    
(1,408
)
Coterra Energy, Inc., Expiration: 01/16/2026; Exercise Price: $26.50
    
(223,720
)
    
(85
)
    
(4,462
)
Crocs, Inc., Expiration: 01/16/2026; Exercise Price: $96.00
    
(230,904
)
    
(27
)
    
(1,080
)
Crown Holdings, Inc., Expiration: 01/16/2026; Exercise Price: $110.00
    
(175,049
)
    
(17
)
    
(850
)
Delta Air Lines, Inc., Expiration: 01/16/2026; Exercise Price: $78.00
    
(298,420
)
    
(43
)
    
(1,871
)
Dropbox, Inc., Expiration: 01/16/2026; Exercise Price: $30.50
    
(241,860
)
    
(87
)
    
(4,132
)
EQT Corp., Expiration: 01/16/2026; Exercise Price: $57.50
    
(278,720
)
    
(52
)
    
(1,456
)
Expedia Group, Inc., Expiration: 01/16/2026; Exercise Price: $305.00
    
(226,648
)
    
(8
)
    
(944
)
FedEx Corp., Expiration: 01/16/2026; Exercise Price: $305.00
    
(288,860
)
    
(10
)
    
(850
)
Fortune Brands Innovations, Inc., Expiration: 01/16/2026; Exercise Price: $55.00
    
(170,068
)
    
(34
)
    
(850
)
Fox Corp., Expiration: 01/16/2026; Exercise Price: $80.00
    
(204,596
)
    
(28
)
    
(490
)
Gap, Inc., Expiration: 01/16/2026; Exercise Price: $30.00
    
(225,280
)
    
(88
)
    
(1,056
)
Genpact Ltd., Expiration: 01/16/2026; Exercise Price: $50.00
    
(140,340
)
    
(30
)
    
(750
)
Gentex Corp., Expiration: 01/16/2026; Exercise Price: $25.00
    
(116,350
)
    
(50
)
    
(1,875
)
Global Payments, Inc.
                        
Expiration: 01/16/2026; Exercise Price: $85.00
    
(108,360
)
    
(14
)
    
(385
)
Expiration: 01/16/2026; Exercise Price: $90.00
    
(108,360
)
    
(14
)
    
(175
)
Lear Corp., Expiration: 01/16/2026; Exercise Price: $125.00
    
(229,200
)
    
(20
)
    
(2,600
)
Leidos Holdings, Inc., Expiration: 01/16/2026; Exercise Price: $195.00
    
(270,600
)
    
(15
)
    
(712
)
LKQ Corp., Expiration: 01/16/2026; Exercise Price: $32.50
    
(223,480
)
    
(74
)
    
(740
)
Magnolia Oil & Gas Corp., Expiration: 01/16/2026; Exercise Price: $22.50
    
(186,065
)
    
(85
)
    
(5,312
)
Matador Resources Co., Expiration: 01/16/2026; Exercise Price: $45.00
    
(280,104
)
    
(66
)
    
(2,640
)
Match Group, Inc., Expiration: 01/16/2026; Exercise Price: $35.00
    
(232,488
)
    
(72
)
    
(432
)
Merck & Co., Inc., Expiration: 01/16/2026; Exercise Price: $109.00
    
(315,780
)
    
(30
)
    
(1,725
)
Molson Coors Beverage Co., Expiration: 01/16/2026; Exercise Price: $47.50
    
(233,400
)
    
(50
)
    
(3,250
)
NetApp, Inc., Expiration: 01/16/2026; Exercise Price: $117.00
    
(149,926
)
    
(14
)
    
(455
)
Nexstar Media Group, Inc., Expiration: 01/16/2026; Exercise Price: $210.00
    
(284,270
)
    
(14
)
    
(3,360
)
NRG Energy, Inc., Expiration: 01/16/2026; Exercise Price: $172.50
    
(270,708
)
    
(17
)
    
(1,530
)
Omnicom Group, Inc., Expiration: 01/16/2026; Exercise Price: $85.00
    
(250,325
)
    
(31
)
    
(1,163
)
Oshkosh Corp., Expiration: 01/16/2026; Exercise Price: $140.00
    
(175,882
)
    
(14
)
    
(525
)
Ovintiv, Inc., Expiration: 01/16/2026; Exercise Price: $40.00
    
(227,302
)
    
(58
)
    
(4,060
)
Owens Corning, Expiration: 01/16/2026; Exercise Price: $120.00
    
(279,775
)
    
(25
)
    
(1,500
)
PayPal Holdings, Inc., Expiration: 01/16/2026; Exercise Price: $64.00
    
(227,682
)
    
(39
)
    
(527
)
QUALCOMM, Inc., Expiration: 01/16/2026; Exercise Price: $185.00
    
(273,680
)
    
(16
)
    
(744
)
Range Resources Corp., Expiration: 01/16/2026; Exercise Price: $37.00
    
(285,606
)
    
(81
)
    
(2,633
)
Salesforce, Inc., Expiration: 01/16/2026; Exercise Price: $280.00
    
(158,946
)
    
(6
)
    
(645
)
Skyworks Solutions, Inc., Expiration: 01/16/2026; Exercise Price: $70.00
    
(202,912
)
    
(32
)
    
(880
)
SLB Ltd., Expiration: 01/16/2026; Exercise Price: $40.50
    
(199,576
)
    
(52
)
    
(1,170
)
Textron, Inc., Expiration: 01/16/2026; Exercise Price: $95.00
    
(200,491
)
    
(23
)
    
(172
)
T-Mobile US, Inc., Expiration: 01/16/2026; Exercise Price: $202.50
    
(182,736
)
    
(9
)
    
(3,758
)
Verizon Communications, Inc., Expiration: 01/16/2026; Exercise Price: $41.00
    
(219,942
)
    
(54
)
    
(1,755
)
Vontier Corp., Expiration: 01/16/2026; Exercise Price: $40.00
    
(211,926
)
    
(57
)
    
(1,425
)
WEX, Inc., Expiration: 01/16/2026; Exercise Price: $165.00
    
(223,470
)
    
(15
)
    
(1,800
)
Zimmer Biomet Holdings, Inc., Expiration: 01/16/2026; Exercise Price: $95.00
    
(197,824
)
    
(22
)
    
(770
)
TOTAL WRITTEN OPTIONS (Premiums received $103,048)
                  
$
(82,300
)
   
Percentages are stated as a percent of net assets.
  

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


Summary of Fair Value Disclosure as of December 31, 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 December 31, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
  
$
12,462,394
    
$
–
    
$
–
    
$
12,462,394
  
  Affiliated Exchange Traded Funds
    
588,994
      
–
      
–
      
588,994
  
  Money Market Funds
    
190,193
      
–
      
–
      
190,193
  
Total Investments
  
$
13,241,581
    
$
–
    
$
–
    
$
13,241,581
  
                                 
Liabilities:
                                
Investments:
                                
  Written Options
  
$
–
    
$
(82,300
)
  
$
–
    
$
(82,300
)
Total Investments
  
$
–
    
$
(82,300
)
  
$
–
    
$
(82,300
)
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  


Amplify COWS Covered Call ETF - Transactions with Affiliates
        
   
Value as of
September 30, 2025
    
Additions
    
Reductions
    
Realized
Gain (Loss)
    
Net Change in
Unrealized
Appreciation
(Depreciation)
    
Value as of
December 31, 2025
    
Shares as of
December 31, 2025
    
Income
    
Capital Gain
Distributions from Underlying Funds
  
Amplify Cash Flow Dividend Leaders ETF
  
$
494,641
    
$
593,084
    
$
(499,472
)
  
$
5,389
    
$
(4,648
)
  
$
588,994
      
17,704
    
$
916
    
$
–