Amplify Online Retail ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 100.0%
  
Shares
    
Value
 
Omnichannel - 10.3%
        
Apple, Inc.
    
3,156
    
$
857,990
  
Best Buy Co., Inc.
    
10,543
      
705,643
  
CarMax, Inc. (a)
    
20,897
      
807,460
  
Dick's Sporting Goods, Inc.
    
3,893
      
770,697
  
Gap, Inc.
    
36,401
      
931,866
  
H & M Hennes & Mauritz AB - Class B
    
8,688
      
175,196
  
Home Depot, Inc.
    
2,281
      
784,892
  
Industria de Diseno Textil SA
    
2,839
      
187,853
  
Kohl's Corp.
    
48,623
      
992,396
  
Lululemon Athletica, Inc. (a)
    
5,087
      
1,057,130
  
Macy's, Inc.
    
41,101
      
906,277
  
Next PLC
    
832
      
153,090
  
NIKE, Inc. - Class B
    
13,729
      
874,675
  
Tapestry, Inc.
    
7,800
      
996,606
  
Target Corp.
    
9,275
      
906,631
  
Ulta Beauty, Inc. (a)
    
1,633
      
987,981
  
Victoria's Secret & Co. (a)
    
22,784
      
1,234,209
  
Walmart, Inc.
    
8,403
      
936,178
  
Williams-Sonoma, Inc.
    
4,285
      
765,258
  
             
15,032,028
  
                 
Online Marketplace - 35.8% (b)
          
Affirm Holdings, Inc. (a)
    
47,753
      
3,554,256
  
Alibaba Group Holding Ltd.
    
50,300
      
922,829
  
Allegro.eu SA (a)(c)(d)
    
110,816
      
956,139
  
Copart, Inc. (a)
    
81,454
      
3,188,924
  
Coupang, Inc. (a)
    
33,886
      
799,371
  
Delivery Hero SE (a)(c)(d)
    
43,817
      
1,169,194
  
DoorDash, Inc. - Class A (a)
    
14,350
      
3,249,988
  
Etsy, Inc. (a)
    
56,658
      
3,141,120
  
Fiverr International Ltd. (a)
    
49,807
      
984,186
  
Global-e Online Ltd. (a)
    
28,155
      
1,106,773
  
JD.com, Inc. - Class A
    
64,800
      
929,104
  
KE Holdings, Inc. - ADR
    
64,569
      
1,017,607
  
Liquidity Services, Inc. (a)
    
145,522
      
4,410,772
  
Lyft, Inc. - Class A (a)
    
170,090
      
3,294,643
  
Maplebear, Inc. (a)
    
93,855
      
4,221,598
  
Meituan - Class B (a)(c)(d)
    
78,700
      
1,044,480
  
MercadoLibre, Inc. (a)
    
445
      
896,346
  
Mercari, Inc. (a)
    
69,900
      
1,413,653
  
Ozon Holdings PLC - ADR (a)(e)(f)
    
106,678
      
0
  
PayPal Holdings, Inc.
    
50,181
      
2,929,567
  
PDD Holdings, Inc. - ADR (a)
    
7,509
      
851,445
  
Prosus NV
    
14,921
      
926,144
  
Rakuten Group, Inc. (a)
    
157,800
      
1,010,758
  
Sea Ltd. - ADR (a)
    
6,489
      
827,802
  
Shopify, Inc. - Class A (a)
    
6,284
      
1,011,535
  
Silicon2 Co. Ltd. (a)
    
34,869
      
935,536
  
Uber Technologies, Inc. (a)
    
36,822
      
3,008,726
  
Upwork, Inc. (a)
    
208,511
      
4,132,688
  
             
51,935,184
  
                 
Online Retail - 41.9% (b)
          
Amazon.com, Inc. (a)
    
13,649
      
3,150,462
  
Apotea AB (a)
    
120,336
      
1,203,778
  
ASKUL Corp.
    
113,200
      
1,011,069
  
Auto1 Group SE (a)
    
31,837
      
1,020,776
  
Bed Bath & Beyond, Inc. (a)
    
462,171
      
2,523,454
  
BuySell Technologies Co. Ltd.
    
48,200
      
1,491,403
  
Carvana Co. (a)
    
11,027
      
4,653,614
  
Chewy, Inc. - Class A (a)
    
103,277
      
3,413,305
  
DocMorris AG (a)(f)
    
165,000
      
1,239,192
  
eBay, Inc.
    
42,159
      
3,672,049
  
Figs, Inc. - Class A (a)
    
450,585
      
5,118,646
  
HelloFresh SE (a)
    
141,653
      
1,024,475
  
Hims & Hers Health, Inc. (a)
    
78,100
      
2,535,907
  
JD Health International, Inc. (a)(c)
    
132,650
      
945,857
  
MSC Industrial Direct Co., Inc. - Class A
    
39,401
      
3,313,624
  
Newegg Commerce, Inc. (a)(f)
    
11,752
      
596,531
  
Oisix ra daichi, Inc.
    
92,900
      
884,875
  
Peloton Interactive, Inc. - Class A (a)
    
479,024
      
2,950,788
  
Redcare Pharmacy NV (a)(c)(d)(f)
    
14,003
      
1,070,626
  
Revolve Group, Inc. (a)
    
153,986
      
4,648,837
  
Rvrc Holding AB
    
155,530
      
1,126,137
  
Shutterstock, Inc.
    
149,144
      
2,848,650
  
Spotify Technology SA (a)
    
5,508
      
3,198,551
  
Temple & Webster Group Ltd. (a)
    
67,709
      
617,675
  
Vipshop Holdings Ltd. - ADR
    
55,503
      
981,848
  
Wayfair, Inc. - Class A (a)
    
33,862
      
3,400,083
  
Zalando SE (a)(c)(d)
    
39,386
      
1,172,153
  
ZOZO, Inc.
    
123,000
      
1,013,066
  
             
60,827,431
  
                 
Online Travel - 12.0%
          
Airbnb, Inc. - Class A (a)
    
27,879
      
3,783,738
  
Booking Holdings, Inc.
    
696
      
3,727,310
  
Expedia Group, Inc.
    
15,973
      
4,525,310
  
MakeMyTrip Ltd. (a)
    
12,806
      
1,051,629
  
Trip.com Group Ltd.
    
14,750
      
1,049,849
  
TripAdvisor, Inc. (a)
    
221,349
      
3,222,841
  
             
17,360,677
  
TOTAL COMMON STOCKS (Cost $138,469,603)
      
145,155,320
  
                 
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.6%
  
Shares
    
Value
 
First American Government Obligations Fund - Class X, 3.67% (g)
    
2,390,564
      
2,390,564
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $2,390,564)
      
2,390,564
  
                 
MONEY MARKET FUNDS - 0.2%
  
Shares
    
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (g)
    
247,420
      
247,420
  
TOTAL MONEY MARKET FUNDS (Cost $247,420)
      
247,420
  
                 
TOTAL INVESTMENTS - 101.8% (Cost $141,107,587)
      
147,793,304
  
Liabilities in Excess of Other Assets - (1.8)%
      
(2,557,333
)
TOTAL NET ASSETS - 100.0%
          
$
145,235,971
  
                 
Percentages are stated as a percent of net assets.
          
   
For Fund compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Industries are shown as a percentage of net assets.
  

ADR - American Depositary Receipt
PLC - Public Limited Company

(a)
Non-income producing security.
(b)
To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(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, 2025, the value of these securities total $6,358,449 or 4.4% 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, 2025, the value of these securities total $5,412,592 or 3.7% of the Fund’s net assets.
(e)
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, 2025.
(f)
All or a portion of this security is on loan as of December 31, 2025. The fair value of these securities was $984,778.
(g)
The rate shown represents the 7-day annualized yield as of December 31, 2025.

Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
 
Amplify Online Retail 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
  
Investments:
                        
  Common Stocks
  
$
145,155,320
    
$
–
    
$
0
    
$
145,155,320
  
  Investments Purchased with Proceeds from Securities Lending
    
2,390,564
      
–
      
–
      
2,390,564
  
  Money Market Funds
    
247,420
      
–
      
–
      
247,420
  
Total Investments
  
$
147,793,304
    
$
–
    
$
0
    
$
147,793,304
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.