Amplify U.S. Alternative Harvest ETF
  
Schedule of Investments
  
as of June 30, 2024 (Unaudited)
  
   
COMMON STOCKS - 24.2%
  
Shares
    
Value
  
Consumer Discretionary - 0.2%
        
GrowGeneration Corp.(a)
    
116,469
    
$
250,408
  
                 
Health Care - 23.1%
          
Curaleaf Holdings, Inc.(a)
    
5,512,188
      
21,221,924
  
TerrAscend Corp.(a)
    
3,327,455
      
4,492,064
  
             
25,713,988
  
                 
Information Technology - 0.9%
          
WM Technology, Inc.(a)
    
917,492
      
954,192
  
TOTAL COMMON STOCKS (Cost $34,305,390)
      
26,918,588
  
                 
REAL ESTATE INVESTMENT TRUSTS - 6.2%
                
AFC Gamma, Inc.
    
32,467
      
396,097
  
Chicago Atlantic Real Estate Finance, Inc.
    
29,779
      
457,406
  
Innovative Industrial Properties, Inc.
    
55,477
      
6,059,198
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $5,489,929)
      
6,912,701
  
                 
SHORT-TERM INVESTMENTS - 67.9%
                
Money Market Funds - 1.3%
                
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(b)
    
1,490,372
      
1,490,372
  
                 
U.S. Treasury Bills - 66.6%
  
Par
          
5.27%, 08/15/2024(c)
    
8,080,000
      
8,027,321
  
5.25%, 08/20/2024(c)
    
32,643,000
      
32,405,356
  
5.27%, 08/22/2024(c)
    
1,600,000
      
1,587,937
  
5.27%, 08/29/2024(c)
    
254,000
      
251,813
  
5.27%, 09/03/2024(c)
    
25,470,000
      
25,232,959
  
5.24%, 09/10/2024(c)
    
6,624,000
      
6,555,806
  
             
74,061,192
  
TOTAL SHORT-TERM INVESTMENTS (Cost $75,556,747)
      
75,551,564
  
                 
TOTAL INVESTMENTS - 98.3% (Cost $115,352,066)
    
$
109,382,853
  
Other Assets in Excess of Liabilities - 1.7%
      
1,887,018
  
TOTAL NET ASSETS - 100.0%
          
$
111,269,871
  
               
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)
The rate shown represents the 7-day effective yield as of June 30, 2024.
(c)
The rate shown is the effective yield as of June 30, 2024.


Amplify U.S. Alternative Harvest ETF
Schedule of Total Return Swap Contracts
as of June 30, 2024 (Unaudited)
 
Reference Entity
Counterparty
Long/Short
  
Maturity Date
  
Financing Rate(a)
  
Payment Frequency
  
Notional Amount
    
Value/ Unrealized Appreciation (Depreciation)
4Front Ventures Corp
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
$775,514
    
$2,900
Ascend Wellness Holdings, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 1,524,807
    
 46,184
Ayr Wellness, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 2,263,395
    
 73,489
Cannabist Co. Holdings, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 771,815
    
 39,980
Cresco Labs, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 6,046,949
    
 (204,375)
Glass House Brands, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 3,536,300
    
 46,235
Gold Flora Corporation
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 564,014
    
 (23,715)
Goodness Growth Holdings, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 597,115
    
 51,956
Green Thumb Industries, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 26,430,600
    
 364,563
Jushi Holdings, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 1,062,114
    
 (6,031)
MariMed, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 457,862
    
 (23,769)
Planet 13 Holdings, Inc.
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 845,443
    
 (37,815)
Trulieve Cannabis Corp
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 17,651,359
    
 728,067
Verano Holdings Corp
National Bank of Canada
Long
  
03/19/2025
  
6.84%
  
Monthly
  
 12,600,509
    
 661,310
Total Unrealized Appreciation (Depreciation)
               
$
$1,718,980
                   
There are no upfront payments or receipts associated with total return swaps in the Fund as of June 30, 2024.
(a) Floating rate based on the overnight bank rate and spread of 150 basis points and is reset monthly.


Summary of Fair Value Disclosure as of June 30, 2024 (Unaudited)
 
Amplify U.S. Alternative Harvest 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
    
26,918,588
      
–
      
–
      
26,918,588
  
  Real Estate Investment Trusts
    
6,912,701
      
–
      
–
      
6,912,701
  
  Money Market Funds
    
1,490,372
      
–
      
–
      
1,490,372
  
  U.S. Treasury Bills
    
–
      
74,061,192
      
–
      
74,061,192
  
Total Investments
    
35,321,661
      
74,061,192
      
–
      
109,382,853
  
   
Other Financial Instruments*:
                                
  Total Return Swaps
    
–
      
2,014,685
      
–
      
2,014,685
  
Total Other Financial Instruments
    
–
      
2,014,685
      
–
      
2,014,685
  
                                 
Liabilities:
                                
Other Financial Instruments*:
                                
  Total Return Swaps
    
–
      
(295,705
)
    
–
      
(295,705
)
Total Other Financial Instruments
    
–
      
(295,705
)
    
–
      
(295,705
)
   
* The fair value of the Fund's investment represents the net unrealized appreciation (depreciation) as of June 30, 2024.
  
   
Refer to the Schedule of Investments for additional information.