Amplify CWP International Enhanced Dividend Income ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 95.9%
  
Shares
    
Value
 
Communication Services - 6.8%
        
SK Telecom Co. Ltd. - ADR
    
93,417
    
$
1,965,494
  
Tencent Holdings Ltd. - ADR
    
116,253
      
6,182,334
  
Vodafone Group PLC - ADR
    
216,394
      
1,837,185
  
             
9,985,013
  
                 
Consumer Discretionary - 12.4%
          
Alibaba Group Holding Ltd. - ADR
    
53,076
      
4,500,314
  
Coupang, Inc. (a)
    
124,946
      
2,746,313
  
Ferrari NV
    
9,106
      
3,868,593
  
Flutter Entertainment PLC (a)
    
13,162
      
3,401,719
  
InterContinental Hotels Group PLC - ADR (b)
    
17,440
      
2,178,605
  
MakeMyTrip Ltd. (a)
    
13,317
      
1,495,233
  
             
18,190,777
  
                 
Consumer Staples - 4.3%
          
Coca-Cola Femsa SAB de CV - ADR
    
18,836
      
1,467,136
  
Diageo PLC - ADR
    
14,403
      
1,831,053
  
Philip Morris International, Inc.
    
25,324
      
3,047,744
  
             
6,345,933
  
                 
Energy - 14.9%
          
Cameco Corp.
    
101,455
      
5,213,772
  
Canadian Natural Resources Ltd.
    
139,203
      
4,297,197
  
Enbridge, Inc.
    
104,199
      
4,421,164
  
Petroleo Brasileiro SA - ADR
    
342,752
      
4,407,791
  
TotalEnergies SE - ADR
    
36,355
      
1,981,347
  
YPF SA - ADR (a)
    
35,801
      
1,521,900
  
             
21,843,171
  
                 
Financials - 19.8%
          
Banco Bilbao Vizcaya Argentaria SA - ADR
    
302,764
      
2,942,866
  
Banco Macro SA - ADR (b)(c)
    
20,582
      
1,991,514
  
Banco Santander SA - ADR
    
422,967
      
1,928,730
  
Bancolombia SA - ADR
    
96,850
      
3,051,744
  
Barclays PLC - ADR
    
401,701
      
5,338,606
  
Futu Holdings Ltd. - ADR
    
13,381
      
1,070,346
  
Grupo Financiero Galicia SA - ADR (c)
    
8,760
      
545,923
  
ICICI Bank Ltd. - ADR
    
145,583
      
4,347,109
  
Mitsubishi UFJ Financial Group, Inc. - ADR
    
319,363
      
3,742,934
  
NU Holdings Ltd./Cayman Islands - Class A (a)
    
182,623
      
1,891,974
  
Sumitomo Mitsui Financial Group, Inc. - ADR
    
153,472
      
2,223,809
  
             
29,075,555
  
                 
Health Care - 9.5%
          
AstraZeneca PLC - ADR
    
45,802
      
3,000,947
  
Novartis AG - ADR
    
38,590
      
3,755,193
  
Novo Nordisk AS - ADR (c)
    
20,792
      
1,788,528
  
Teva Pharmaceutical Industries Ltd. - ADR (a)(c)
    
246,601
      
5,435,086
  
             
13,979,754
  
                 
Industrials - 8.7%
          
Embraer SA - ADR (a)
    
91,013
      
3,338,357
  
Full Truck Alliance Co. Ltd. - ADR
    
128,935
      
1,395,077
  
RELX PLC - ADR (b)
    
111,806
      
5,078,228
  
Siemens AG - ADR
    
30,202
      
2,919,929
  
             
12,731,591
  
                 
Information Technology - 9.1%
          
ASML Holding NV (c)
    
2,130
      
1,476,260
  
Infosys Ltd. - ADR (b)
    
97,654
      
2,140,576
  
JinkoSolar Holding Co. Ltd. - ADR
    
30,209
      
752,204
  
SAP SE - ADR
    
21,179
      
5,214,482
  
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
    
19,324
      
3,816,297
  
             
13,399,819
  
                 
Materials - 10.4%
          
Agnico Eagle Mines Ltd.
    
47,350
      
3,703,244
  
BHP Group Ltd. - ADR (b)
    
14,056
      
686,354
  
CRH PLC
    
36,715
      
3,396,872
  
Gerdau SA - ADR
    
444,090
      
1,278,979
  
Rio Tinto PLC - ADR
    
22,961
      
1,350,336
  
Southern Copper Corp.
    
43,961
      
4,006,159
  
Wheaton Precious Metals Corp.
    
13,132
      
738,544
  
             
15,160,488
  
TOTAL COMMON STOCKS (Cost $130,358,782)
      
140,712,101
  
                 
AFFILIATED EXCHANGE TRADED FUNDS - 1.0%
                
Amplify Samsung SOFR ETF (d)
    
15,016
      
1,504,904
  
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $1,505,305)
      
1,504,904
  
                 
SHORT-TERM INVESTMENTS - 5.3%
                
Investments Purchased with Proceeds from Securities Lending - 2.1%
                
First American Government Obligations Fund - Class X, 4.39% (e)
    
3,077,311
      
3,077,311
  
                 
Money Market Funds - 3.2%
                
Invesco Government & Agency Portfolio - Institutional Class, 4.42% (e)
    
4,700,095
      
4,700,095
  
TOTAL SHORT-TERM INVESTMENTS (Cost $7,777,406)
      
7,777,406
  
                 
TOTAL INVESTMENTS - 102.2% (Cost $139,641,493)
      
149,994,411
  
Liabilities in Excess of Other Assets - (2.2)%
      
(3,273,677
)
TOTAL NET ASSETS - 100.0%
          
$
146,720,734
  
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.
  

ADR - American Depositary Receipt
AG - Aktiengesellschaft
AS - Aksjeselskap
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
SAB de CV - Sociedad Anónima Bursátil de Capital Variable
SE - Societas Europeae

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of December 31, 2024. The total market value of these securities was $2,982,575 which represented 2.0% of net assets.
(c)
Held in connection with written option contracts. See Schedule of Options Written for further information.
(d)
Affiliated company as defined by the Investment Company Act of 1940.
(e)
The rate shown represents the 7-day annualized effective yield as of December 31, 2024.


Security Name
  
Value at
September 30, 2024
    
Purchases
    
Sales
    
Net Realized
Gain (Losses)
    
Net Change in Unrealized Appreciation (Depreciation)
    
Dividend Income
    
Value at
December 31, 2024
    
Ending Shares
  
Amplify Samsung SOFR ETF
    
1,383,036
      
121,993
      
0
      
0
      
(125
)
    
17,009
      
1,504,904
      
15,016
  
   
$
1,383,036
    
$
121,993
    
$
0
    
$
0
    
$
(125
)
  
$
17,009
    
$
1,504,904
      
15,016
  


   
Amplify CWP International Enhanced Dividend Income ETF
  
Schedule of Written Options
  
December 31, 2024 (Unaudited)
  
   
WRITTEN OPTIONS - (0.0)%
  
Notional Amount
    
Contracts
    
Value
  
Call Options - (0.0)% (a)(b)(c)
  
ASML Holding NV, Expiration: 01/17/2025; Exercise Price: $830.00
  
$
(693,080
)
    
(10
)
  
$
(350
)
Banco Macro SA, Expiration: 01/17/2025; Exercise Price: $120.00
    
(677,320
)
    
(70
)
    
(15,750
)
Grupo Financiero Galicia SA
                        
Expiration: 01/17/2025; Exercise Price: $80.00
    
(93,480
)
    
(15
)
    
(225
)
Expiration: 01/17/2025; Exercise Price: $75.00
    
(218,120
)
    
(35
)
    
(613
)
Novo Nordisk AS, Expiration: 01/10/2025; Exercise Price: $92.00
    
(860,200
)
    
(100
)
    
(1,550
)
Teva Pharmaceutical Industries Ltd.
                        
Expiration: 01/17/2025; Exercise Price: $23.00
    
(551,000
)
    
(250
)
    
(5,375
)
Expiration: 01/17/2025; Exercise Price: $22.00
    
(1,653,000
)
    
(750
)
    
(43,500
)
Total Call Options
                    
(67,363
)
TOTAL WRITTEN OPTIONS (Premiums received $64,054)
                  
$
(67,363
)
   
Percentages are stated as a percent of net assets.
  

(a)
Represents less than 0.05% of net assets.
(b)
100 shares per contract.
(c)
Exchange-traded.

Summary of Fair Value Disclosure as of December 31, 2024 (Unaudited)
 
Amplify CWP International Enhanced Dividend Income ETF has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be 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, 2024:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
  
$
140,712,101
    
$
–
    
$
–
    
$
140,712,101
  
  Affiliated Exchange Traded Funds
    
1,504,904
      
–
      
–
      
1,504,904
  
  Investments Purchased with Proceeds from Securities Lending
    
3,077,311
      
–
      
–
      
3,077,311
  
  Money Market Funds
    
4,700,095
      
–
      
–
      
4,700,095
  
Total Investments
  
$
149,994,411
    
$
–
    
$
–
    
$
149,994,411
  
                                 
Liabilities:
                                
Investments:
                                
  Written Options
  
$
–
    
$
(67,363
)
  
$
–
    
$
(67,363
)
Total Investments
  
$
–
    
$
(67,363
)
  
$
–
    
$
(67,363
)
   
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   


Allocation of Portfolio Holdings by Country as of December 31, 2024
  
(% of Net Assets)
  
United Kingdom
  
$
20,614,960
      
14.0
%
Canada
    
18,373,921
      
12.5
  
China
    
12,829,929
      
8.7
  
Brazil
    
10,917,101
      
7.5
  
Germany
    
8,134,411
      
5.5
  
India
    
7,982,918
      
5.5
  
Japan
    
5,966,743
      
4.0
  
Israel
    
5,435,086
      
3.7
  
Spain
    
4,871,596
      
3.3
  
Argentina
    
4,059,337
      
2.8
  
Italy
    
3,868,593
      
2.6
  
Taiwan
    
3,816,297
      
2.6
  
Switzerland
    
3,755,193
      
2.6
  
Colombia
    
3,051,744
      
2.1
  
France
    
1,981,347
      
1.4
  
South Korea
    
1,965,494
      
1.3
  
Denmark
    
1,788,528
      
1.2
  
Netherlands
    
1,476,260
      
1.0
  
Mexico
    
1,467,136
      
1.0
  
Hong Kong
    
1,070,346
      
0.7
  
Australia
    
686,354
      
0.5
  
United States
    
25,813,754
      
17.7
  
Liabilities in Excess of Other Assets
    
(3,206,314
)
    
(2.2
)
   
$
146,720,734
      
100.0
%

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 December 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.