Amplify Inflation Fighter ETF
  
Consolidated Schedule of Investments
  
as of June 30, 2024 (Unaudited)
  
   
COMMON STOCKS - 70.7%
  
Shares
    
Value
  
Consumer Discretionary - 13.0%
        
Airbnb, Inc. - Class A(a)
    
457
    
$
69,295
  
Century Communities, Inc.
    
1,799
      
146,906
  
DR Horton, Inc.
    
765
      
107,811
  
Green Brick Partners, Inc.(a)
    
2,796
      
160,043
  
Lennar Corp. - Class A
    
532
      
79,731
  
LGI Homes, Inc.(a)
    
785
      
70,250
  
M/I Homes, Inc.(a)
    
1,242
      
151,698
  
PulteGroup, Inc.
    
1,064
      
117,146
  
Tri Pointe Homes, Inc.(a)
    
1,594
      
59,377
  
             
962,257
  
                 
Consumer Staples - 1.2%
          
Alico, Inc.
    
3,421
      
88,638
  
                 
Energy - 23.9%
          
Antero Resources Corp.(a)
    
4,908
      
160,148
  
Cameco Corp.
    
4,984
      
245,220
  
Centrus Energy Corp. - Class A(a)
    
1,200
      
51,300
  
Denison Mines Corp.(a)
    
53,350
      
106,852
  
Energy Fuels, Inc.(a)(b)
    
14,849
      
89,985
  
NexGen Energy Ltd.(a)
    
15,947
      
111,205
  
Ovintiv, Inc.
    
1,142
      
53,526
  
Petroleo Brasileiro SA - ADR
    
4,556
      
66,016
  
Phillips 66
    
570
      
80,467
  
Shell PLC - ADR
    
1,064
      
76,800
  
Suncor Energy, Inc.
    
6,413
      
244,335
  
Texas Pacific Land Corp.
    
294
      
215,875
  
Uranium Energy Corp.(a)
    
37,675
      
226,427
  
Ur-Energy, Inc.(a)
    
30,000
      
42,000
  
             
1,770,156
  
                 
Financials - 0.7%
          
LendingTree, Inc.(a)
    
1,267
      
52,695
  
                 
Information Technology - 3.0%
          
Entegris, Inc.
    
555
      
75,147
  
QUALCOMM, Inc.
    
743
      
147,991
  
             
223,138
  
                 
Materials - 16.4%
          
Alcoa Corp.
    
3,038
      
120,852
  
Franco-Nevada Corp.
    
669
      
79,290
  
Nucor Corp.
    
1,438
      
227,319
  
Osisko Gold Royalties Ltd.
    
7,370
      
114,824
  
POSCO Holdings, Inc. - ADR(b)
    
1,419
      
93,285
  
Rio Tinto PLC - ADR
    
2,305
      
151,969
  
Royal Gold, Inc.
    
994
      
124,409
  
Vale SA - ADR
    
5,522
      
61,681
  
Wheaton Precious Metals Corp.
    
4,477
      
234,684
  
             
1,208,313
  
                 
Real Estate - 12.5%
          
Five Point Holdings LLC - Class A(a)
    
17,001
      
49,813
  
Forestar Group, Inc.(a)
    
5,963
      
190,756
  
FRP Holdings, Inc.(a)
    
3,696
      
105,410
  
Howard Hughes Holdings, Inc.(a)
    
1,328
      
86,081
  
Kennedy-Wilson Holdings, Inc.
    
4,647
      
45,169
  
Morguard Corp.
    
705
      
57,289
  
Redfin Corp.(a)
    
2,860
      
17,189
  
Stratus Properties, Inc.(a)
    
2,273
      
57,325
  
Tejon Ranch Co.(a)
    
5,996
      
102,292
  
The St Joe Co.
    
2,963
      
162,076
  
Zillow Group, Inc. - Class C(a)
    
1,096
      
50,843
  
             
924,243
  
TOTAL COMMON STOCKS (Cost $4,971,659)
      
5,229,440
  
                 
REAL ESTATE INVESTMENT TRUSTS - 11.3%
                
Farmland Partners, Inc.
    
19,534
      
225,227
  
Gladstone Land Corp.
    
8,078
      
110,588
  
PotlatchDeltic Corp.
    
2,882
      
113,522
  
Rayonier, Inc.
    
5,858
      
170,409
  
Weyerhaeuser Co.
    
7,754
      
220,136
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,236,086)
      
839,882
  
                 
U.S. TREASURY SECURITIES - 6.1%
  
Par
          
United States Treasury Floating Rate Note
  
5.34% (3 Month US Treasury Money Market Yield + 0.04%), 07/31/2024
    
225,000
      
224,956
  
5.45% (3 Month US Treasury Money Market Yield + 0.14%), 10/31/2024
    
225,000
      
225,083
  
TOTAL U.S. TREASURY SECURITIES (Cost $449,911)
      
450,039
  
                 
SHORT-TERM INVESTMENTS - 6.3%
                
Investments Purchased with Proceeds from Securities Lending - 2.4%
  
Shares
          
First American Government Obligations Fund - Class X, 4.65%(c)
    
178,058
      
178,057
  
                 
Money Market Funds - 3.9%
                
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(c)
    
286,335
      
286,335
  
TOTAL SHORT-TERM INVESTMENTS (Cost $464,392)
      
464,392
  
                 
TOTAL INVESTMENTS - 94.4% (Cost $7,122,048)
    
$
6,983,753
  
Other Assets in Excess of Liabilities - 5.6%
      
415,599
  
TOTAL NET ASSETS - 100.0%
          
$
7,399,352
  
               
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
SA - Sociedad Anónima

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of June 30, 2024. The total market value of these securities was $170,832 which represented 2.3% of net assets.
(c)
The rate shown represents the 7-day effective yield as of June 30, 2024.


Amplify Inflation Fighter ETF
  
Consolidated Schedule of Futures Contracts
  
as of June 30, 2024 (Unaudited)
  
   
Description
  
Contracts Purchased
  
Expiration Date
  
Notional
    
Value / Unrealized Appreciation (Depreciation)
  
   Bitcoin
    
102
  
07/26/2024
  
$
615,315
    
$
(20,654
)
   Micro Gold
    
27
  
08/28/2024
    
631,692
      
(6,643
)
Total Unrealized Appreciation (Depreciation)
    
$
(27,296
)


Summary of Fair Value Disclosure as of June 30, 2024 (Unaudited)
 
Amplify Inflation Fighter 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 June 30, 2024:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
    
5,229,440
      
–
      
–
      
5,229,440
  
  Real Estate Investment Trusts
    
839,882
      
–
      
–
      
839,882
  
  U.S. Treasury Securities
    
–
      
450,039
      
–
      
450,039
  
  Investments Purchased with Proceeds from Securities Lending
    
178,057
      
–
      
–
      
178,057
  
  Money Market Funds
    
286,335
      
–
      
–
      
286,335
  
Total Investments
    
6,533,714
      
450,039
      
–
      
6,983,753
  
                                 
Liabilities:
                                
Other Financial Instruments*:
                                
  Futures
    
(27,296
)
    
–
      
–
      
(27,296
)
Total Other Financial Instruments
    
(27,296
)
    
–
      
–
      
(27,296
)
   
* The fair value of the Fund's investment represents the net unrealized appreciation (depreciation) as of June 30, 2024.
  
   
Refer to the Consolidated Schedule of Investments for additional information.
  

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, 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.