Amplify International Enhanced Dividend Income ETF
  
Schedule of Investments
  
January 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 94.8%
  
Shares
    
Value
  
Communication Services - 12.0%
        
America Movil SAB de CV - ADR
    
46,199
    
$
833,892
  
JOYY, Inc. - ADR(a)
    
27,758
      
851,060
  
NetEase, Inc. - ADR(a)
    
22,178
      
2,165,460
  
Nintendo Co. Ltd. - ADR
    
118,036
      
1,639,520
  
Tencent Holdings Ltd. - ADR(b)
    
41,185
      
1,434,885
  
Tencent Music Entertainment Group - ADR(c)
    
86,208
      
810,355
  
TIM SA/Brazil - ADR(b)
    
103,158
      
1,813,518
  
Turkcell Iletisim Hizmetleri AS - ADR
    
73,976
      
409,827
  
             
9,958,517
  
                 
Consumer Discretionary - 12.2%
          
Ferrari NV
    
4,090
      
1,414,813
  
InterContinental Hotels Group PLC - ADR
    
9,132
      
869,914
  
MakeMyTrip Ltd.(c)
    
15,401
      
853,061
  
MINISO Group Holding Ltd. - ADR(a)
    
84,788
      
1,438,004
  
PDD Holdings, Inc. - ADR(a)(c)
    
14,389
      
1,825,532
  
Sony Group Corp. - ADR
    
17,729
      
1,733,010
  
Toyota Motor Corp. - ADR(b)
    
9,886
      
1,974,235
  
             
10,108,569
  
                 
Consumer Staples - 5.7%
          
Coca-Cola Femsa SAB de CV - ADR
    
19,423
      
1,844,020
  
Fomento Economico Mexicano SAB de CV - ADR
    
21,034
      
2,850,948
  
             
4,694,968
  
                 
Energy - 16.1%
          
Cameco Corp.(a)
    
38,149
      
1,821,615
  
Ecopetrol SA - ADR(b)
    
127,192
      
1,530,120
  
Eni SpA - ADR
    
26,538
      
847,889
  
Petroleo Brasileiro SA - ADR
    
245,636
      
4,193,007
  
Shell PLC - ADR(a)
    
27,840
      
1,751,414
  
TotalEnergies SE - ADR
    
27,539
      
1,794,992
  
Ultrapar Participacoes SA - ADR
    
109,409
      
624,725
  
YPF SA - ADR(a)(c)
    
47,008
      
812,298
  
             
13,376,060
  
                 
Financials - 17.8%
          
Banco Bilbao Vizcaya Argentaria SA - ADR
    
366,316
      
3,417,729
  
Banco Macro SA - ADR(a)
    
27,979
      
926,664
  
Banco Santander SA - ADR
    
98,984
      
395,936
  
HSBC Holdings PLC - ADR(b)
    
29,713
      
1,168,612
  
ICICI Bank Ltd. - ADR
    
117,596
      
2,869,342
  
Mitsubishi UFJ Financial Group, Inc. - ADR(b)
    
384,727
      
3,597,198
  
Sumitomo Mitsui Financial Group, Inc. - ADR(b)
    
158,437
      
1,630,317
  
XP, Inc. - Class A
    
33,560
      
824,905
  
             
14,830,703
  
                 
Health Care - 6.1%
          
AstraZeneca PLC - ADR
    
12,711
      
847,061
  
Novartis AG - ADR
    
16,958
      
1,754,644
  
Novo Nordisk AS – ADR(a)
    
8,047
      
923,313
  
Teva Pharmaceutical Industries Ltd. - ADR(c)
    
130,168
      
1,575,033
  
             
5,100,051
  
                 
Industrials - 5.5%
          
Embraer SA - ADR(c)
    
88,745
      
1,633,795
  
RELX PLC - ADR
    
70,355
      
2,909,180
  
             
4,542,975
  
                 
Information Technology - 6.2%
          
ASE Technology Holding Co. Ltd. - ADR(a)
    
209,266
      
1,944,081
  
ASML Holding NV(a)
    
1,666
      
1,449,120
  
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR(a)
    
15,812
      
1,786,124
  
             
5,179,325
  
                 
Materials - 11.6%
          
ArcelorMittal SA(a)
    
31,440
      
863,657
  
BHP Group Ltd. - ADR(a)(b)
    
13,147
      
804,859
  
CRH PLC(a)
    
32,952
      
2,364,636
  
Gold Fields Ltd. - ADR(a)
    
197,835
      
2,927,957
  
Rio Tinto PLC – ADR(a)
    
12,350
      
855,485
  
Ternium SA - ADR(b)
    
31,718
      
1,226,218
  
Vale SA - ADR
    
41,147
      
563,302
  
             
9,606,114
  
                 
Utilities - 1.6%
          
Companhia Paranaense de Energia - ADR(b)
    
129,862
      
1,055,778
  
Enel Chile SA - ADR
    
92,294
      
266,730
  
             
1,322,508
  
TOTAL COMMON STOCKS (Cost $73,632,547)
      
78,719,790
  
                 
PREFERRED STOCKS - 1.5%
                
Financials - 1.5%
          
Bancolombia SA - ADR
    
39,378
      
1,238,832
  
TOTAL PREFERRED STOCKS (Cost $1,240,976)
      
1,238,832
  
                 
SHORT-TERM INVESTMENTS - 15.2%
                
Investments Purchased with Proceeds from Securities Lending - 10.1%
                
First American Government Obligations Fund - Class X, 5.18%(d)
    
8,423,921
      
8,423,921
  
                 
Money Market Funds - 5.1%
                
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(d)
    
4,268,683
      
4,268,683
  
TOTAL SHORT-TERM INVESTMENTS (Cost $12,692,604)
      
12,692,604
  
                 
TOTAL INVESTMENTS - 111.5% (Cost $87,566,127)
    
$
92,651,226
  
Liabilities in Excess of Other Assets - (11.5)%
      
(9,567,327
)
TOTAL NET ASSETS - 100.0%
          
$
83,083,899
  

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. and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

ADR - American Depositary Receipt
PLC - Public Limited Company
SA - Sociedad Anónima
SAB de CV - Sociedad Anónima Bursátil de Capital Variable

(a)
All or portion of this security is held as collateral for the options written. At January 31, 2024, the value of these securities amounted to $111,226 or 0.1% of net assets.
(b)
All or a portion of this security is on loan as of January 31, 2024. The total market value of these securities was $8,181,799 which represented 9.8% of net assets.
(c)
Non-income producing security.
(d)
The rate shown represents the 7-day effective yield as of January 31, 2024.


Amplify International Enhanced Dividend Income ETF
  
Schedule of Options Written
  
January 31, 2024 (Unaudited)
  
   
OPTIONS WRITTEN - (0.4)% (a)(b)
  
Notional Amount
    
Contracts
    
Value
  
Call Options - (0.4)%
                  
ArcelorMittal SA, Expiration: 02/16/2024; Exercise Price: $30.00
  
$
(274,700
)
    
100
    
$
(1,250
)
ASE Technology Holding Co. Ltd., Expiration: 02/16/2024; Exercise Price: $10.00
    
(278,700
)
    
300
      
(2,250
)
ASML Holding NV
    
0
      
0
      
–
  
Expiration: 02/21/2024; Exercise Price: $900.00
    
(347,928
)
    
4
      
(3,600
)
Expiration: 02/21/2024; Exercise Price: $830.00
    
(695,856
)
    
8
      
(37,680
)
Banco Macro SA
    
0
      
0
      
–
  
Expiration: 02/16/2024; Exercise Price: $35.00
    
(331,200
)
    
100
      
(19,000
)
Expiration: 02/16/2024; Exercise Price: $35.00
    
(165,600
)
    
50
      
(9,500
)
BHP Group Ltd., Expiration: 02/16/2024; Exercise Price: $67.50
    
(244,880
)
    
40
      
(300
)
Cameco Corp., Expiration: 02/16/2024; Exercise Price: $55.00
    
(716,250
)
    
150
      
(6,075
)
CRH PLC, Expiration: 02/21/2024; Exercise Price: $70.00
    
(717,600
)
    
100
      
(26,500
)
Gold Fields Ltd., Expiration: 02/16/2024; Exercise Price: $15.00
    
(1,480,000
)
    
1,000
      
(42,500
)
JOYY, Inc., Expiration: 02/21/2024; Exercise Price: $30.00
    
(429,240
)
    
140
      
(18,550
)
MINISO Group Holding Ltd.
    
0
      
0
      
–
  
Expiration: 02/21/2024; Exercise Price: $15.00
    
(720,800
)
    
425
      
(96,687
)
Expiration: 02/21/2024; Exercise Price: $17.50
    
(636,000
)
    
375
      
(36,562
)
NetEase, Inc., Expiration: 02/16/2024; Exercise Price: $110.00
    
(781,120
)
    
80
      
(3,800
)
Novo Nordisk AS, Expiration: 02/21/2024; Exercise Price: $122.00
    
(229,480
)
    
20
      
(1,070
)
PDD Holdings, Inc., Expiration: 02/16/2024; Exercise Price: $160.00
    
(380,610
)
    
30
      
(195
)
Rio Tinto PLC, Expiration: 02/16/2024; Exercise Price: $72.50
    
(277,080
)
    
40
      
(1,500
)
Shell PLC, Expiration: 02/06/2024; Exercise Price: $60.00
    
(849,285
)
    
135
      
(40,838
)
Taiwan Semiconductor Manufacturing Co. Ltd.
    
0
      
0
      
–
  
Expiration: 02/21/2024; Exercise Price: $120.00
    
(508,320
)
    
45
      
(2,633
)
Expiration: 02/21/2024; Exercise Price: $125.00
    
(677,760
)
    
60
      
(1,260
)
YPF SA
    
0
      
0
      
–
  
Expiration: 02/16/2024; Exercise Price: $19.00
    
(190,080
)
    
110
      
(1,925
)
Expiration: 02/16/2024; Exercise Price: $18.00
    
(190,080
)
    
110
      
(4,400
)
Total Call Options
                    
(358,075
)
TOTAL OPTIONS WRITTEN (Premiums received $300,138)
                    
(358,075
)

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


Security Valuation
In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The following describes the levels of the fair value hierarchy:

Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;
Level 2 – Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The valuation techniques used by the Funds to measure fair value for the period ended January 31, 2024 maximized the use of observable inputs and minimized the use of unobservable inputs.

For the period ended January 31, 2024, there have been no significant changes to the Funds’ fair valuation methodologies.

Common stocks, preferred stock, and other equity securities listed on any national or foreign exchange (excluding Nasdaq) and the London Stock Exchange Alternative Investment Market (“AIM”) will be valued at the last price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities exchange are valued at the last sale price or official closing price, as applicable, at the close of the exchange representing the principal market for such securities. Foreign securities and other assets denominated in foreign currencies are translated into U.S. dollars at the current exchange rate, which approximates fair value. Redeemable securities issued by open-end investment companies shall be valued at the investment company’s applicable NAV, with the exception of exchange-traded open-end and closed-end investment companies which are priced as equity securities. Exchange-traded options will be valued at the current mean price where such contracts are principally traded. Securities traded in the over-the-counter market are valued at the mean of the bid and the asked price, if available, and otherwise at their closing bid price. Fixed income securities will be valued at the mean price. Fixed income securities having a remaining maturity of 60 days or less when purchased will be valued at the current market price. If there is no current market available then the securities will be valued at cost and adjusted for amortization of premiums and accretions of discounts. Swaps will be valued by using the market close price of the underlying holdings. Futures contracts will be valued at the settlement price. If there is no current market price available, then the securities will be valued at the last trade price.

The Trust’s Valuation Procedures provide for the designation of the Adviser as “Valuation Designee”. If no quotation is available from either a pricing service, or one or more brokers or there is reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith, by the Valuation Designee pursuant to procedures established by the Funds’ Board of Trustees (the “Board”).

The following is a summary of the fair valuations according to the inputs used to value the Funds’ investments as of January 31, 2024:

Amplify International Enhanced Dividend Income ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
  
$
78,719,790
    
$
–
    
$
–
    
$
78,719,790
  
  Preferred Stocks
    
1,238,832
      
–
      
–
      
1,238,832
  
  Investments Purchased with Proceeds from Securities Lending
    
8,423,921
      
–
      
–
      
8,423,921
  
  Money Market Funds
    
4,268,683
      
–
      
–
      
4,268,683
  
Total Assets
  
$
92,651,226
    
$
–
    
$
–
    
$
92,651,226
  
                                 
Liabilities
                                
  Options Written
    
-
      
358,075
      
-
      
358,075
  
Total Liabilities
  
$
–
    
$
358,075
    
$
–
    
$
358,075
  
   
Refer to the Schedule of Investments for industry classifications.

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 January 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.
  


Allocation of Portfolio Holdings by Country as of January 31, 2024
        
(% of Net Assets)
        
Brazil
  
$
10,709,030
      
13.0
%
Japan
    
10,574,280
      
12.8
  
United Kingdom
    
8,401,666
      
10.0
  
China
    
5,848,704
      
7.0
  
Mexico
    
5,528,860
      
6.7
  
Ireland
    
4,190,168
      
5.0
  
Spain
    
3,813,665
      
4.6
  
Taiwan
    
3,730,205
      
4.5
  
India
    
3,722,403
      
4.5
  
South Africa
    
2,927,957
      
3.6
  
Colombia
    
2,768,952
      
3.3
  
Italy
    
2,262,702
      
2.7
  
Luxembourg
    
2,089,875
      
2.5
  
Canada
    
1,821,615
      
2.2
  
France
    
1,794,992
      
2.2
  
Switzerland
    
1,754,644
      
2.1
  
Argentina
    
1,738,962
      
2.1
  
Israel
    
1,575,033
      
1.9
  
Netherlands
    
1,449,120
      
1.7
  
Denmark
    
923,313
      
1.1
  
Singapore
    
851,060
      
1.0
  
Australia
    
804,859
      
1.0
  
Turkey
    
409,827
      
0.5
  
Chile
    
266,730
      
0.3
  
United States
    
(358,075
)
    
(0.4
)
Investments Purchased with Proceeds from Securities Lending
    
8,423,921
      
10.1
  
Money Market Funds
    
4,268,683
      
5.1
  
Liabilities in Excess of Other Assets
    
(9,209,252
)
    
(11.1
)
   
$
83,083,899
      
100.0
%