Amplify Digital Payments ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.8%
  
Shares
    
Value
 
Communication Services - 0.3%
        
Ibotta, Inc. - Class A (a)
    
28,118
    
$
639,122
  
                 
Financials - 94.1% (b)
          
Adyen NV (a)(c)(d)
    
8,372
      
13,519,719
  
Affirm Holdings, Inc. (a)
    
145,950
      
10,863,058
  
American Express Co.
    
35,504
      
13,134,705
  
Block, Inc. (a)
    
151,674
      
9,872,461
  
Boku, Inc. (a)(c)(d)
    
304,926
      
861,292
  
Coinbase Global, Inc. - Class A (a)
    
39,087
      
8,839,134
  
Corpay, Inc. (a)
    
32,535
      
9,790,758
  
Dlocal Ltd.
    
144,973
      
2,049,918
  
Euronet Worldwide, Inc. (a)
    
50,353
      
3,832,367
  
EVERTEC, Inc.
    
43,786
      
1,273,735
  
Fidelity National Information Services, Inc.
    
146,657
      
9,746,824
  
Fiserv, Inc. (a)
    
154,443
      
10,373,936
  
Flywire Corp. (a)
    
132,008
      
1,869,233
  
Global Payments, Inc.
    
127,856
      
9,896,054
  
GMO Payment Gateway, Inc.
    
64,346
      
4,003,742
  
Green Dot Corp. - Class A (a)
    
58,470
      
749,001
  
Kakaopay Corp. (a)
    
55,872
      
1,904,353
  
Marqeta, Inc. - Class A (a)
    
347,468
      
1,650,473
  
Mastercard, Inc. - Class A
    
23,184
      
13,235,282
  
Nanduq PLC - ADR (a)(e)(f)
    
235,051
      
0
  
Nexi SpA (c)(d)
    
869,308
      
4,309,479
  
Pagseguro Digital Ltd. - Class A
    
242,928
      
2,341,826
  
PayPal Holdings, Inc.
    
206,840
      
12,075,319
  
PayPoint PLC
    
95,547
      
608,515
  
Remitly Global, Inc. (a)
    
220,536
      
3,043,397
  
Shift4 Payments, Inc. - Class A (a)(f)
    
78,987
      
4,973,811
  
StoneCo Ltd. - Class A (a)
    
301,281
      
4,455,946
  
Toast, Inc. - Class A (a)
    
276,766
      
9,827,961
  
Visa, Inc. - Class A
    
38,200
      
13,397,122
  
Western Union Co.
    
362,502
      
3,374,894
  
WEX, Inc. (a)
    
37,154
      
5,535,203
  
Wise PLC - Class A (a)
    
821,540
      
9,845,618
  
Worldline SA (a)(c)(d)(f)
    
342,106
      
627,592
  
Zip Co. Ltd. (a)
    
1,735,787
      
3,808,200
  
             
205,690,928
  
                 
Information Technology - 5.4%
          
ACI Worldwide, Inc. (a)
    
105,818
      
5,059,159
  
NCR Voyix Corp. (a)
    
127,709
      
1,302,632
  
PAX Global Technology, Ltd.
    
953,000
      
618,314
  
Q2 Holdings, Inc. (a)
    
65,078
      
4,696,029
  
             
11,676,134
  
TOTAL COMMON STOCKS (Cost $262,174,616)
      
218,006,184
  
                 
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.9%
  
Shares
    
Value
 
First American Government Obligations Fund - Class X, 3.67% (g)
    
6,433,708
      
6,433,708
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $6,433,708)
      
6,433,708
  
                 
MONEY MARKET FUNDS - 1.1%
  
Shares
    
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (g)
    
2,294,595
      
2,294,595
  
TOTAL MONEY MARKET FUNDS (Cost $2,294,595)
      
2,294,595
  
                 
TOTAL INVESTMENTS - 103.8% (Cost $270,902,919)
      
226,734,487
  
Liabilities in Excess of Other Assets - (3.8)%
      
(8,227,779
)
TOTAL NET ASSETS - 100.0%
          
$
218,506,708
  
                 
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)
Non-income producing security.
(b)
To the extent that the Fund invests more heavily in a 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 $19,318,082 or 8.8% 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 $19,318,082 or 8.8% 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 $5,113,490.
(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 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 December 31, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
218,006,184
    
$
–
    
$
0
    
$
218,006,184
  
  Investments Purchased with Proceeds from Securities Lending
    
6,433,708
      
–
      
–
      
6,433,708
  
  Money Market Funds
    
2,294,595
      
–
      
–
      
2,294,595
  
Total Investments
  
$
226,734,487
    
$
–
    
$
0
    
$
226,734,487
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.