Amplify BlackSwan ISWN ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
   
U.S. TREASURY SECURITIES - 87.9%
  
Par
  
Value
 
United States Treasury Note/Bond
  
1.63%, 05/15/2031
    
$
3,319,000
    
$
2,977,506
  
1.38%, 11/15/2031
      
3,415,000
      
2,979,321
  
2.88%, 05/15/2032
      
3,147,000
      
2,971,948
  
4.13%, 11/15/2032
      
2,929,000
      
2,967,386
  
3.38%, 05/15/2033
      
3,083,000
      
2,969,435
  
4.50%, 11/15/2033
      
2,867,000
      
2,966,113
  
4.38%, 05/15/2034
      
2,895,000
      
2,964,604
  
4.25%, 11/15/2034
      
2,929,000
      
2,966,299
  
4.25%, 05/15/2035
      
2,935,000
      
2,966,414
  
4.00%, 11/15/2035
      
3,004,000
      
2,967,623
  
TOTAL U.S. TREASURY SECURITIES (Cost $29,467,911)
      
29,696,649
  
                     
PURCHASED OPTIONS - 11.6% (a)
Notional Amount
  
Contracts
  
Value
 
Call Options - 11.6%
                  
iShares MSCI EAFE ETF (b)(c)
                  
Expiration: 12/18/2026; Exercise Price: $88.01
  
$
14,548,545
      
1,515
      
1,771,565
  
Expiration: 01/15/2027; Exercise Price: $83.01
    
12,839,211
      
1,337
      
2,150,805
  
TOTAL PURCHASED OPTIONS (Cost $3,226,269)
      
3,922,370
  
                         
SHORT-TERM INVESTMENTS
  
MONEY MARKET FUNDS - 0.9%
  
Shares
  
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (d)
      
317,180
      
317,180
  
TOTAL MONEY MARKET FUNDS (Cost $317,180)
      
317,180
  
                         
TOTAL INVESTMENTS - 100.4% (Cost $33,011,360)
      
33,936,199
  
Liabilities in Excess of Other Assets - (0.4)%
      
(124,894
)
TOTAL NET ASSETS - 100.0%
                  
$
33,811,305
  
           
Par amount is in USD unless otherwise indicated.
          
Percentages are stated as a percent of net assets.
          

(a)
Non-income producing security.
(b)
Exchange-traded.
(c)
100 shares per contract.
(d)
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 BlackSwan ISWN 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:
                        
  U.S. Treasury Securities
  
$
–
    
$
29,696,649
    
$
–
    
$
29,696,649
  
  Purchased Options
    
–
      
3,922,370
      
–
      
3,922,370
  
  Money Market Funds
    
317,180
      
–
      
–
      
317,180
  
Total Investments
  
$
317,180
    
$
33,619,019
    
$
–
    
$
33,936,199
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.