Amplify BlueStar Israel Technology ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
    
COMMON STOCKS - 99.8%
  
Shares
    
Value
 
Communication Services - 1.4%
          
Perion Network Ltd. (a)
    
33,094
    
$
317,040
  
Playtika Holding Corp.
    
104,801
      
413,964
  
Taboola.com Ltd. (a)
    
151,729
      
699,471
  
             
1,430,475
  
                      
Consumer Discretionary - 4.1%
             
Global-e Online Ltd. (a)
    
76,794
      
3,018,772
  
Maytronics, Ltd. (a)
    
0
(b) 
    
0
  
Mobileye Global, Inc. - Class A (a)
    
108,190
      
1,129,504
  
             
4,148,276
  
                      
Financials - 6.5%
             
Etoro Group Ltd. - Class A (a)
    
27,526
      
966,988
  
Lemonade, Inc. (a)
    
41,010
      
2,919,092
  
Payoneer Global, Inc. (a)
    
176,637
      
992,700
  
Plus500, Ltd.
    
35,805
      
1,748,183
  
             
6,626,963
  
                      
Health Care - 2.3%
             
Inmode Ltd. (a)
    
52,023
      
764,218
  
Nano-X Imaging Ltd. (a)
    
92,122
      
257,942
  
Novocure, Ltd. (a)
    
51,421
      
664,874
  
Pluri, Inc. (a)
    
0
(b) 
    
0
(b) 
UroGen Pharma, Ltd. (a)
    
26,972
      
631,684
  
             
2,318,718
  
                      
Industrials - 12.3%
             
Aryt Industries Ltd.
    
40,514
      
580,424
  
Elbit Systems Ltd.
    
15,242
      
8,805,456
  
Fiverr International Ltd. (a)
    
26,850
      
530,556
  
Hilan, Ltd.
    
9,863
      
816,682
  
Kornit Digital, Ltd. (a)
    
34,596
      
497,491
  
Nano Dimension Ltd. - ADR (a)
    
228,899
      
352,504
  
Stratasys, Ltd. (a)
    
53,084
      
460,769
  
TAT Technologies Ltd. (a)
    
9,002
      
402,029
  
             
12,445,911
  
                      
Information Technology - 66.6% (c)
             
Allot Communications, Ltd. (a)
    
35,129
      
345,318
  
Amdocs, Ltd.
    
56,420
      
4,542,374
  
Camtek Ltd. (a)(d)
    
17,891
      
1,902,618
  
Cellebrite DI Ltd. (a)
    
90,710
      
1,635,501
  
CEVA, Inc. (a)
    
17,246
      
371,134
  
Check Point Software Technologies, Ltd. (a)
    
38,644
      
7,170,781
  
Cognyte Software, Ltd. (a)
    
44,950
      
422,530
  
CyberArk Software, Ltd. (a)
    
16,398
      
7,314,492
  
Formula Systems 1985, Ltd.
    
4,753
      
801,289
  
Gilat Satellite Networks Ltd. (a)
    
51,009
      
660,057
  
Innoviz Technologies Ltd. (a)
    
267,590
      
228,281
  
Ituran Location and Control, Ltd.
    
13,114
      
564,033
  
JFrog Ltd. (a)
    
71,074
      
4,439,282
  
Magic Software Enterprises Ltd.
    
17,566
      
452,325
  
Matrix IT, Ltd.
    
16,958
      
742,787
  
Monday.com Ltd. (a)
    
23,405
      
3,453,642
  
Nayax Ltd. (a)
    
13,582
      
686,536
  
Next Vision Stabilized Systems Ltd.
    
43,211
      
2,845,844
  
Nice Ltd. - ADR (a)
    
42,725
      
4,829,634
  
Nova Ltd. (a)
    
11,437
      
3,755,796
  
One Software Technologies Ltd.
    
23,923
      
660,620
  
Pagaya Technologies Ltd. - Class A (a)
    
43,611
      
911,470
  
Powerfleet, Inc. (a)
    
100,738
      
535,926
  
Priortech Ltd. (a)
    
5,964
      
407,006
  
Qualitau Ltd.
    
3,021
      
572,143
  
Radware, Ltd. (a)
    
22,329
      
537,906
  
Riskified Ltd. - Class A (a)
    
79,127
      
393,261
  
SentinelOne, Inc. - Class A (a)
    
195,616
      
2,934,240
  
SimilarWeb Ltd. (a)
    
58,296
      
436,637
  
SolarEdge Technologies, Inc. (a)(d)
    
31,146
      
898,562
  
Tower Semiconductor Ltd. (a)
    
46,956
      
5,513,574
  
Varonis Systems, Inc. (a)
    
67,261
      
2,206,161
  
Vishay Precision Group, Inc. (a)
    
9,470
      
364,595
  
Weebit Nano Ltd. (a)
    
204,089
      
688,648
  
Wix.com, Ltd. (a)
    
32,791
      
3,406,657
  
             
67,631,660
  
                      
Utilities - 6.6%
             
Energix-Renewable Energies, Ltd.
    
150,424
      
758,940
  
Enlight Renewable Energy, Ltd. (a)
    
53,499
      
2,430,610
  
Ormat Technologies, Inc.
    
32,297
      
3,567,850
  
             
6,757,400
  
TOTAL COMMON STOCKS (Cost $94,370,273)
      
101,359,403
  
                      
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.6%
  
Shares
    
Value
 
First American Government Obligations Fund - Class X, 3.67% (e)
    
2,626,165
      
2,626,165
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $2,626,165)
      
2,626,165
  
                      
MONEY MARKET FUNDS - 1.0%
  
Shares
    
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (e)
    
1,074,610
      
1,074,610
  
TOTAL MONEY MARKET FUNDS (Cost $1,074,610)
      
1,074,610
  
                      
TOTAL INVESTMENTS - 103.4% (Cost $98,071,048)
      
105,060,178
  
Liabilities in Excess of Other Assets - (3.4)%
      
(3,489,020
)
TOTAL NET ASSETS - 100.0%
           
$
101,571,158
  
                     
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

(a)
Non-income producing security.
(b)
Rounds to zero.
(c)
To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(d)
All or a portion of this security is on loan as of December 31, 2025. The fair value of these securities was $2,506,615.
(e)
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 BlueStar Israel Technology 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
  
$
101,359,403
    
$
–
    
$
–
    
$
101,359,403
  
  Investments Purchased with Proceeds from Securities Lending
    
2,626,165
      
–
      
–
      
2,626,165
  
  Money Market Funds
    
1,074,610
      
–
      
–
      
1,074,610
  
Total Investments
  
$
105,060,178
    
$
–
    
$
–
    
$
105,060,178
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.