Amplify International Enhanced Dividend Income ETF
 
Schedule of Investments
 
January 31, 2023 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 96.8%
           
Communication Services - 3.4%
           
America Movil SAB de CV - ADR (a)
   
13,965
   
$
292,287
 
NetEase, Inc. - ADR (a)
   
1,767
     
156,574
 
             
448,861
 
Consumer Discretionary - 3.5%
               
Sony Group Corp. - ADR (a)
   
1,468
     
131,327
 
Tata Motors Ltd. - ADR (b)
   
3,503
     
87,820
 
Toyota Motor Corp. - ADR
   
1,672
     
245,968
 
             
465,115
 
Consumer Staples - 12.2%
               
Ambev SA - ADR
   
114,021
     
303,296
 
British American Tobacco PLC - ADR
   
4,526
     
174,206
 
Coca-Cola Femsa SAB de CV - ADR (a)
   
6,548
     
498,826
 
Diageo PLC - ADR
   
2,052
     
362,896
 
Unilever PLC - ADR
   
5,377
     
274,765
 
             
1,613,989
 
Energy - 17.7%
               
Cameco Corp.
   
8,560
     
239,765
 
Ecopetrol SA - ADR
   
11,220
     
127,796
 
Equinor ASA - ADR
   
8,493
     
258,442
 
Petroleo Brasileiro SA - ADR (a)
   
28,272
     
327,955
 
Shell PLC - ADR (a)
   
4,560
     
268,174
 
Tenaris SA - ADR (a)
   
11,820
     
419,019
 
TotalEnergies SE - ADR (a)
   
5,949
     
369,076
 
YPF SA - ADR (a) (b)
   
27,702
     
331,039
 
             
2,341,266
 
Financials - 15.8%
               
Aegon NV
   
54,834
     
300,490
 
Banco Bilbao Vizcaya Argentaria SA - ADR
   
54,967
     
388,067
 
HDFC Bank Ltd. - ADR
   
3,895
     
262,367
 
ICICI Bank Ltd. - ADR
   
14,385
     
299,639
 
Itau Unibanco Holding SA - ADR
   
18,620
     
92,728
 
NatWest Group PLC - ADR (b)
   
54,078
     
418,023
 
UBS Group AG (a)
   
15,447
     
331,493
 
             
2,092,807
 
Health Care - 8.2%
               
AstraZeneca PLC - ADR  (a)
   
2,090
     
136,624
 
GSK PLC - ADR
   
3,901
     
137,549
 
Novartis AG - ADR
   
2,071
     
187,674
 
Novo Nordisk A/S - ADR  (a)
   
2,318
     
321,692
 
Sanofi - ADR
   
6,080
     
298,771
 
             
1,082,310
 
Industrials - 4.4%
               
ABB Ltd. - ADR (a)
   
8,816
     
307,238
 
Accelleron Industries AG - ADR (b)
   
61
     
1,421
 
RELX PLC - ADR
   
9,405
     
279,422
 
             
588,081
 
Information Technology - 13.7%
               
ASE Technology Holding Co. Ltd. - ADR  (a)
   
21,983
     
158,278
 
ASML Holding NV (a)
   
513
     
339,011
 
Canon, Inc. - ADR
   
10,545
     
234,099
 
Infosys Ltd. - ADR
   
13,414
     
252,183
 
Nice Ltd. - ADR (b)
   
1,159
     
240,411
 
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR  (a)
   
3,002
     
278,376
 
United Microelectronics Corp. - ADR
   
38,057
     
309,403
 
             
1,811,761
 
Materials - 17.1%
               
ArcelorMittal SA (a)
   
10,849
     
335,668
 
BHP Group Ltd. - ADR (a)
   
3,876
     
271,902
 
Gold Fields Ltd. - ADR (a)
   
32,605
     
373,001
 
Loma Negra Cia Industrial Argentina SA - ADR
   
33,848
     
241,336
 
Rio Tinto PLC - ADR (a)
   
4,389
     
348,267
 
Sociedad Quimica y Minera de Chile SA - ADR (a)
   
3,458
     
337,293
 
Ternium SA - ADR (a)
   
4,104
     
165,597
 
Vale SA - ADR (a)
   
10,053
     
187,790
 
             
2,260,854
 
Utilities - 0.8%
               
Centrais Eletricas Brasileiras SA - ADR
   
12,350
     
99,418
 
Total Common Stocks (Cost $12,113,851)
           
12,804,462
 
                 
MONEY MARKET FUNDS - 3.4%
               
Invesco Government & Agency Portfolio - Institutional Class - 4.30% (c)
   
447,460
     
447,460
 
Total Money Market Funds (Cost $447,460)
           
447,460
 
Total Investments - 100.2%
               
(Cost $12,561,311)
         
$
13,251,922
 

Percentages are based on Net Assets of $13,230,559.
   
ADR -
American Depositary Receipt
(a)
All or portion of this security is held as collateral for the options written. At January 31, 2023, the value of these securities amounted to $2,141,580 or 16.2% of net assets.
(b)
Non-income producing security.
(c)
Seven-day yield as of January 31, 2023.
                     
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC ("S&P").  GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by the U.S. Bank Global Fund Services.
 

Schedule of Options Written
 
January 31, 2023 (Unaudited)
 
                   
   
Contracts
   
Notional Amount
   
Value
 
Call Options Written (a) - (0.3)%
                 
ABB Ltd., Expires 2/17/2023, Strike Price $35.00
   
30
   
$
(104,550
)
 
$
(2,475
)
America Movil SAB de CV, Expires 2/17/2023, Strike Price $21.00
   
40
     
(83,720
)
   
(1,900
)
ArcelorMittal SA, Expires 2/17/2023, Strike Price $32.00
   
30
     
(92,820
)
   
(1,770
)
ArcelorMittal SA, Expires 2/17/2023, Strike Price $34.00
   
10
     
(30,940
)
   
(155
)
ASE Technology Holding Co. Ltd., Expires 3/17/2023, Strike Price $7.50
   
30
     
(21,600
)
   
(525
)
ASML Holding NV, Expires 2/17/2023, Strike Price $720.00
   
1
     
(66,084
)
   
(365
)
ASML Holding NV, Expires 2/17/2023, Strike Price $740.00
   
1
     
(66,084
)
   
(182
)
AstraZeneca PLC, Expires 2/17/2023, Strike Price $77.50
   
5
     
(32,685
)
   
(22
)
BHP Group Ltd., Expires 2/17/2023, Strike Price $75.00
   
10
     
(70,150
)
   
(175
)
Coca-Cola Femsa SAB de CV, Expires 2/17/2023, Strike Price $75.00
   
10
     
(76,180
)
   
(2,350
)
Gold Fields Ltd., Expires 2/17/2023, Strike Price $14.00
   
130
     
(148,720
)
   
(650
)
NetEase, Inc., Expires 2/17/2023, Strike Price $95.00
   
9
     
(79,749
)
   
(878
)
Novo Nordisk A/S, Expires 2/17/2023, Strike Price $150.00
   
8
     
(111,024
)
   
(740
)
Petroleo Brasileiro SA, Expires 2/17/2023, Strike Price $13.00
   
50
     
(58,000
)
   
(350
)
Rio Tinto PLC, Expires 2/17/2023, Strike Price $82.50
   
11
     
(87,285
)
   
(715
)
Shell PLC, Expires 2/17/2023, Strike Price $65.00
   
10
     
(58,810
)
   
(50
)
Sociedad Quimica y Minera de Chile SA, Expires 2/17/2023, Strike Price $100.00
   
10
     
(97,540
)
   
(2,275
)
Sony Group Corp., Expires 2/17/2023, Strike Price $95.00
   
4
     
(35,784
)
   
(360
)
Taiwan Semiconductor Manufacturing Co. Ltd., Expires 2/17/2023, Strike Price $90.00
   
10
     
(92,730
)
   
(4,350
)
Taiwan Semiconductor Manufacturing Co. Ltd., Expires 2/17/2023, Strike Price $95.00
   
5
     
(46,365
)
   
(805
)
Tenaris SA, Expires 2/17/2023, Strike Price $40.00
   
40
     
(141,800
)
   
(800
)
Ternium SA, Expires 2/17/2023, Strike Price $39.00
   
16
     
(64,560
)
   
(3,840
)
TotalEnergies SE, Expires 2/17/2023, Strike Price $67.50
   
15
     
(93,060
)
   
(150
)
TotalEnergies SE, Expires 2/17/2023, Strike Price $70.00
   
10
     
(62,040
)
   
(50
)
UBS Group AG, Expires 2/17/2023, Strike Price $22.50
   
60
     
(117,250
)
   
(750
)
Vale SA, Expires 2/17/2023, Strike Price $20.00
   
25
     
(46,700
)
   
(338
)
YPF SA, Expires 2/17/2023, Strike Price $11.00
   
75
     
(89,625
)
   
(9,750
)
YPF SA, Expires 2/17/2023, Strike Price $12.00
   
25
     
(29,875
)
   
(1,750
)
YPF SA, Expires 2/17/2023, Strike Price $13.00
   
30
     
(35,850
)
   
(1,050
)
Total Call Options Written
                       
(Premiums Received $25,008)
                 
$
(39,570
)
                           
(a)  Exchange Traded.
                       


 
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 year/period ended January 31, 2023 maximized the use of observable inputs and minimized the use of unobservable inputs.
                                     
For the period ended January 31, 2023, there have been no significant changes to the Fund's 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. Deposit accounts are valued at acquisition cost, which approximates fair value. 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 using 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 price 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. If there is no 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 if the pricing committee has 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 Fund’s Board of Trustees (the “Board”).
 
The following is a summary of the fair valuations according to the inputs used to value the Fund's investments as of January 31, 2023:
                                     
   
Category
                               
   
Investments in Securities
                               
   
Assets
                               
   
Level 1
                               
   
Common Stocks
                               
   
Argentina
 
 $          572,375
                           
   
Australia
 
          271,901
                           
   
Brazil
 
       1,011,186
                           
   
Britain
 
       2,399,925
                           
   
Canada
 
          239,766
                           
   
Chile
 
          337,293
                           
   
China
 
          156,574
                           
   
Colombia
 
          127,796
                           
   
Denmark
 
          321,692
                           
   
France
 
          667,847
                           
   
India
 
          814,190
                           
   
Israel
 
          240,411
                           
   
Japan
 
          611,394
                           
   
Luxembourg
 
          920,284
                           
   
Mexico
 
          791,114
                           
   
Netherlands
 
          639,501
                           
   
Norway
 
          258,442
                           
   
South Africa
 
          373,001
                           
   
Spain
 
          388,067
                           
   
Switzerland
 
          827,826
                           
   
Taiwan
 
          746,057
                           
   
Money Market Funds
                               
   
United States
 
          447,460
                           
   
Total Level 1
 
     13,164,102
                           
   
Level 2
 
                    -
                           
   
Common Stocks
                               
   
India
 
            87,820
                           
   
Total Level 2
 
            87,820
                           
   
Level 3
 
                    -
                           
   
Total Level 3
 
                    -
                           
   
Total
 
 $      13,251,922
                           
   
Other Financial Instruments(a)
                               
   
Liabilities
                               
   
Level 1
                               
   
   Options Written
 
 $             39,570
                           
   
Total Level 1
 
            39,570
                           
   
Level 2
                               
   
Total Level 2
 
                      -
                           
   
Level 3
 
                    -
                           
   
Total Level 3
 
                    -
                           
   
Total
 
 $             39,570
                           
                                     
See the Schedule of Investments for further disaggregation of investment categories.
             
                                     
For the period ended January 31, 2023, there were no transfers into or out of Level 3 for the Fund.