Amplify Digital Payments ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.7%
  
Shares
    
Value
 
Financials - 94.2%(a)
        
Adyen NV (b)(c)(d)
    
6,831
    
$
12,496,103
  
Affirm Holdings, Inc. (b)
    
237,269
      
16,404,779
  
American Express Co.
    
55,489
      
17,699,881
  
Block, Inc. (b)
    
216,324
      
14,694,889
  
Boku, Inc. (b)(c)(d)
    
382,227
      
1,110,425
  
Coinbase Global, Inc. - Class A (b)
    
46,813
      
16,407,488
  
Corpay, Inc. (b)
    
35,764
      
11,867,211
  
Dlocal Ltd.
    
112,436
      
1,275,024
  
Euronet Worldwide, Inc. (b)
    
64,139
      
6,502,412
  
EVERTEC, Inc.
    
60,508
      
2,181,313
  
Fidelity National Information Services, Inc.
    
156,190
      
12,715,428
  
Fiserv, Inc. (b)
    
99,791
      
17,204,966
  
Flywire Corp. (b)
    
165,933
      
1,941,416
  
Global Payments, Inc.
    
151,430
      
12,120,457
  
GMO Payment Gateway, Inc.
    
71,346
      
4,613,818
  
Green Dot Corp. - Class A (b)
    
88,088
      
949,589
  
International Money Express, Inc. (b)
    
72,249
      
728,992
  
Marqeta, Inc. - Class A (b)
    
571,356
      
3,331,006
  
Mastercard, Inc. - Class A
    
28,513
      
16,022,595
  
Nanduq PLC - ADR (b)(e)(f)
    
235,051
      
0
  
Nexi SpA (c)(d)(f)
    
872,518
      
5,196,803
  
Pagseguro Digital Ltd. - Class A
    
313,567
      
3,022,786
  
PayPal Holdings, Inc. (b)
    
230,410
      
17,124,071
  
PayPoint PLC
    
89,809
      
1,042,402
  
Remitly Global, Inc. (b)
    
269,485
      
5,058,233
  
Shift4 Payments, Inc. - Class A (b)(f)
    
98,981
      
9,810,007
  
StoneCo Ltd. - Class A (b)
    
316,060
      
5,069,602
  
Toast, Inc. - Class A (b)
    
278,919
      
12,353,323
  
Visa, Inc. - Class A
    
45,550
      
16,172,528
  
Western Union Co.
    
436,927
      
3,678,925
  
WEX, Inc. (b)
    
46,926
      
6,892,960
  
Wise PLC - Class A (b)
    
873,864
      
12,454,005
  
Worldline SA (b)(c)(d)(f)
    
288,002
      
1,211,982
  
Zip Co. Ltd. (b)
    
2,104,725
      
4,234,554
  
             
273,589,973
  
                 
Information Technology - 5.5%
          
ACI Worldwide, Inc. (b)
    
143,743
      
6,599,241
  
NCR Voyix Corp. (b)
    
158,225
      
1,855,979
  
Q2 Holdings, Inc. (b)
    
81,267
      
7,605,779
  
             
16,060,999
  
TOTAL COMMON STOCKS (Cost $301,298,608)
      
289,650,972
  
                 
SHORT-TERM INVESTMENTS - 5.6%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 5.3%
  
Shares
          
First American Government Obligations Fund - Class X, 4.25% (g)
    
15,304,897
      
15,304,897
  
                 
Money Market Funds - 0.3%
  
Shares
          
Invesco Government & Agency Portfolio - Institutional Class, 4.26% (g)
    
971,592
      
971,592
  
TOTAL SHORT-TERM INVESTMENTS (Cost $16,276,489)
      
16,276,489
  
                 
TOTAL INVESTMENTS - 105.3% (Cost $317,575,097)
      
305,927,461
  
Liabilities in Excess of Other Assets - (5.3)%
      
(15,292,421
)
TOTAL NET ASSETS - 100.0%
          
$
290,635,040
  
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
PLC - Public Limited Company

(a)
To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b)
Non-income producing security.
(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 June 30, 2025, the value of these securities total $20,015,313 or 6.9% 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 June 30, 2025, the value of these securities total $20,015,313 or 6.9% 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 June 30, 2025.
(f)
All or a portion of this security is on loan as of June 30, 2025. The fair value of these securities was $14,057,218.
(g)
The rate shown represents the 7-day annualized effective yield as of June 30, 2025.


Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
 
Amplify Digital Payments 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 June 30, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
    
289,650,972
      
–
      
0
      
289,650,972
  
  Investments Purchased with Proceeds from Securities Lending
    
15,304,897
      
–
      
–
      
15,304,897
  
  Money Market Funds
    
971,592
      
–
      
–
      
971,592
  
Total Investments
    
305,927,461
      
–
      
0
      
305,927,461
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  

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 June 30, 2025, 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.