Amplify Alternative Harvest ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 53.6%
  
Shares
    
Value
 
Consumer Staples - 3.0%
        
Village Farms International, Inc. (a)(b)
    
2,778,410
    
$
3,056,251
  
                 
Health Care - 50.6%(c)
          
Aurora Cannabis, Inc. (a)(b)
    
1,509,483
      
6,400,208
  
Canopy Growth Corp. (a)(b)
    
5,033,793
      
6,141,228
  
Cronos Group, Inc. (a)
    
5,487,758
      
10,481,618
  
High Tide, Inc. (a)
    
1,935,742
      
4,454,547
  
Organigram Global, Inc. (a)(b)
    
2,491,854
      
3,364,003
  
SNDL, Inc. (a)
    
7,071,872
      
8,556,965
  
Tilray Brands, Inc. (a)(b)
    
28,116,733
      
11,651,574
  
             
51,050,143
  
                 
Industrials - 0.0%(d)
          
Empresas ICA SAB de CV (a)(e)
    
155,893
      
0
  
TOTAL COMMON STOCKS (Cost $103,311,815)
      
54,106,394
  
                 
AFFILIATED EXCHANGE TRADED FUNDS - 45.8%
  
Shares
    
Value
  
Amplify Seymour Cannabis ETF (f)(g)
    
3,016,098
      
46,317,312
  
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $63,508,366)
      
46,317,312
  
                 
SHORT-TERM INVESTMENTS - 41.9%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 41.5%
  
Shares
          
First American Government Obligations Fund - Class X, 4.25% (h)
    
41,874,442
      
41,874,442
  
                 
Money Market Funds - 0.4%
  
Shares
          
Invesco Government & Agency Portfolio - Institutional Class, 4.26% (h)
    
431,171
      
431,171
  
TOTAL SHORT-TERM INVESTMENTS (Cost $42,305,613)
      
42,305,613
  
                 
TOTAL INVESTMENTS - 141.3% (Cost $209,125,794)
      
142,729,319
  
Liabilities in Excess of Other Assets - (41.3)%
      
(41,743,276
)
TOTAL NET ASSETS - 100.0%
          
$
100,986,043
  
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.
  

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of June 30, 2025. The fair value of these securities was $25,576,013.
(c)
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.
(d)
Represents less than 0.05% of 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)
Fair value of this security exceeds 25% of the Fund’s net assets.  Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.
(g)
Affiliated security as defined by the Investment Company Act of 1940.
(h)
The rate shown represents the 7-day annualized effective yield as of June 30, 2025.


 
 
Security Name
  
Value at
September 30,
2024
    
Purchases
    
Sales
    
Net Realized
Gain (Losses)
    
Net Change in Unrealized Appreciation
(Depreciation)
    
Dividend
Income
    
Value at
June 30, 2025
    
Ending Shares
  
Amplify Seymour Cannabis ETF
    
-
      
74,765,544
      
(8,904,282
)
    
(2,352,896
)
    
(17,191,054
)
    
-
      
46,317,312
      
3,016,098
  
Amplify U.S. Alternative Harvest ETF
    
111,134,470
      
5,402,169
      
(59,277,716
)
    
(81,126,032
)
    
23,867,109
      
17
      
-
      
-
  
   
$
111,134,470
    
$
80,167,713
    
$
(68,181,998
)
  
$
(83,478,928
)
  
$
6,676,055
    
$
17
    
$
46,317,312
    
$
3,016,098
  


Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
 
Amplify Alternative Harvest 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
    
54,106,394
      
–
      
0
      
54,106,394
  
  Affiliated Exchange Traded Funds
    
46,317,312
      
–
      
–
      
46,317,312
  
  Investments Purchased with Proceeds from Securities Lending
    
41,874,442
      
–
      
–
      
41,874,442
  
  Money Market Funds
    
431,171
      
–
      
–
      
431,171
  
Total Investments
    
142,729,319
      
–
      
0
      
142,729,319
  
   
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.