Amplify Thematic All-Stars ETF
 
Schedule of Investments
 
July 31, 2021 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.7%
           
Communication Services - 10.8%
           
Alphabet, Inc. - Class A (a)
   
31
   
$
83,530
 
Baidu, Inc. - Class A (a)
   
1,101
     
22,413
 
Bilibili, Inc. - Class Z (a)
   
70
     
5,994
 
Facebook, Inc. - Class A (a)
   
76
     
27,079
 
Iridium Communications, Inc. (a)
   
200
     
8,446
 
NetEase, Inc.
   
365
     
7,304
 
Netflix, Inc. (a)
   
36
     
18,632
 
Nintendo Co. Ltd.
   
10
     
5,139
 
Roku, Inc. (a)
   
58
     
24,842
 
Sea Ltd. - ADR (a)
   
79
     
21,817
 
Snap, Inc. - Class A (a)
   
235
     
17,489
 
Spotify Technology SA (a)
   
109
     
24,925
 
Tencent Holdings Ltd.
   
540
     
33,284
 
Twitter, Inc. (a)
   
421
     
29,365
 
Zillow Group, Inc. - Class C (a)
   
126
     
13,389
 
             
343,648
 
Consumer Discretionary - 13.2%
               
2U, Inc. (a)
   
260
     
11,284
 
Alibaba Group Holding Ltd. (a)
   
1,470
     
35,751
 
Amazon.com, Inc. (a)
   
25
     
83,190
 
Aptiv PLC (a)
   
50
     
8,343
 
BYD Co. Ltd. - Class H
   
401
     
12,333
 
DraftKings, Inc. - Class A (a)
   
116
     
5,626
 
eBay, Inc.
   
81
     
5,525
 
Etsy, Inc. (a)
   
40
     
7,340
 
JD.com, Inc. - Class A (a)
   
620
     
22,068
 
MercadoLibre, Inc. (a)
   
7
     
10,981
 
NIO, Inc. - ADR (a)
   
686
     
30,650
 
Overstock.com, Inc. (a)
   
65
     
4,527
 
Peloton Interactive, Inc. - Class A (a)
   
61
     
7,201
 
Tesla, Inc. (a)
   
235
     
161,492
 
XPeng, Inc. - ADR (a)
   
346
     
14,023
 
             
420,334
 
Energy - 0.2%
               
Renewable Energy Group, Inc. (a)
   
101
     
6,186
 
Financials - 0.5%
               
Coinbase Global, Inc. - Class A (a)
   
65
     
15,378
 
Health Care - 5.3%
               
Agilent Technologies, Inc.
   
45
     
6,895
 
CRISPR Therapeutics AG (a)
   
95
     
11,497
 
Danaher Corp.
   
50
     
14,874
 
Dexcom, Inc. (a)
   
16
     
8,248
 
Exact Sciences Corp. (a)
   
65
     
7,010
 
Fate Therapeutics, Inc. (a)
   
90
     
7,452
 
Illumina, Inc. (a)
   
19
     
9,419
 
Intellia Therapeutics, Inc. (a)
   
86
     
12,199
 
Intuitive Surgical, Inc. (a)
   
25
     
24,787
 
Invitae Corp. (a)
   
326
     
9,125
 
Regeneron Pharmaceuticals, Inc. (a)
   
15
     
8,619
 
Teladoc Health, Inc. (a)
   
320
     
47,504
 
             
167,629
 
Industrials - 7.4%
               
ABB Ltd.
   
646
     
23,615
 
AeroVironment, Inc. (a)
   
96
     
9,706
 
Array Technologies, Inc. (a)
   
420
     
5,687
 
Ballard Power Systems, Inc. (a)
   
906
     
14,660
 
Bloom Energy Corp. - Class A (a)
   
356
     
7,761
 
Booz Allen Hamilton Holding Corp.
   
86
     
7,380
 
Evoqua Water Technologies Corp. (a)
   
175
     
5,777
 
FANUC Corp.
   
35
     
7,775
 
FuelCell Energy, Inc. (a)
   
691
     
4,374
 
Lockheed Martin Corp.
   
15
     
5,575
 
Pentair PLC
   
130
     
9,577
 
Plug Power, Inc. (a)
   
1,220
     
33,282
 
Roper Technologies, Inc.
   
15
     
7,370
 
Science Applications International Corp.
   
65
     
5,674
 
Shoals Technologies Group, Inc. - Class A (a)
   
290
     
8,436
 
Siemens Gamesa Renewable Energy SA (a)
   
190
     
5,295
 
Sunrun, Inc. (a)
   
715
     
37,873
 
TPI Composites, Inc. (a)
   
161
     
6,301
 
Vestas Wind Systems (a)
   
445
     
16,401
 
Xylem, Inc.
   
101
     
12,711
 
             
235,230
 
Information Technology - 56.6%
               
3D Systems Corp. (a)
   
231
     
6,362
 
Accenture PLC - Class A
   
45
     
14,296
 
Adobe, Inc. (a)
   
22
     
13,676
 
Advanced Micro Devices, Inc. (a)
   
401
     
42,582
 
Adyen NV (a) (b)
   
6
     
16,289
 
Akamai Technologies, Inc. (a)
   
285
     
34,177
 
Ambarella, Inc. (a)
   
70
     
6,894
 
Analog Devices, Inc.
   
76
     
12,724
 
Apple, Inc.
   
126
     
18,378
 
Arista Networks, Inc. (a)
   
25
     
9,510
 
Atlassian Corp. PLC - Class A (a)
   
28
     
9,103
 
Box, Inc. (a)
   
225
     
5,382
 
Brooks Automation, Inc.
   
96
     
8,545
 
Canadian Solar, Inc. (a)
   
256
     
10,304
 
Check Point Software Technologies Ltd. (a)
   
106
     
13,473
 
Cisco Systems, Inc.
   
921
     
50,996
 
Cloudflare, Inc. - Class A (a)
   
241
     
28,590
 
Coupa Software, Inc. (a)
   
25
     
5,425
 
Crowdstrike Holdings, Inc. - Class A (a)
   
204
     
51,736
 
CyberArk Software Ltd. (a)
   
95
     
13,493
 
Daqo New Energy Corp. - ADR (a)
   
170
     
10,072
 
DocuSign, Inc. (a)
   
83
     
24,737
 
Dropbox, Inc. - Class A (a)
   
395
     
12,439
 
Enphase Energy, Inc. (a)
   
404
     
76,598
 
Everbridge, Inc. (a)
   
61
     
8,614
 
F5 Networks, Inc. (a)
   
46
     
9,499
 
FireEye, Inc. (a)
   
675
     
13,635
 
First Solar, Inc. (a)
   
496
     
42,676
 
Fortinet, Inc. (a)
   
90
     
24,502
 
Hewlett Packard Enterprise Co.
   
531
     
7,699
 
HubSpot, Inc. (a)
   
10
     
5,960
 
Infineon Technologies AG
   
155
     
5,906
 
Intel Corp.
   
325
     
17,459
 
International Business Machines Corp.
   
130
     
18,325
 
Intuit, Inc.
   
15
     
7,950
 
Itron, Inc. (a)
   
201
     
19,823
 
JinkoSolar Holding Co. Ltd. - ADR (a)
   
165
     
8,892
 
Juniper Networks, Inc.
   
451
     
12,691
 
Mastercard, Inc. - Class A
   
16
     
6,175
 
Microsoft Corp.
   
196
     
55,842
 
MicroStrategy, Inc. (a)
   
15
     
9,390
 
Mimecast Ltd. (a)
   
260
     
14,443
 
MongoDB, Inc. (a)
   
20
     
7,178
 
NVIDIA Corp.
   
690
     
134,543
 
NXP Semiconductors NV
   
101
     
20,845
 
Okta, Inc. (a)
   
170
     
42,124
 
ON Semiconductor Corp. (a)
   
246
     
9,609
 
Oracle Corp.
   
140
     
12,200
 
Palantir Technologies, Inc. - Class A (a)
   
281
     
6,101
 
Palo Alto Networks, Inc. (a)
   
73
     
29,131
 
PayPal Holdings, Inc. (a)
   
189
     
52,075
 
Proofpoint, Inc. (a)
   
155
     
27,072
 
QUALCOMM, Inc.
   
165
     
24,717
 
Qualys, Inc. (a)
   
175
     
17,773
 
Rapid7, Inc. (a)
   
110
     
12,512
 
Sailpoint Technologies Holdings, Inc. (a)
   
126
     
6,299
 
salesforce.com, Inc. (a)
   
84
     
20,322
 
ServiceNow, Inc. (a)
   
26
     
15,285
 
Shopify, Inc. - Class A (a)
   
35
     
52,498
 
Skyworks Solutions, Inc.
   
31
     
5,720
 
SolarEdge Technologies, Inc. (a)
   
209
     
54,231
 
Splunk, Inc. (a)
   
190
     
26,976
 
Square, Inc. - Class A (a)
   
393
     
97,173
 
STMicroelectronics NV
   
170
     
6,963
 
Stratasys Ltd. (a)
   
216
     
4,264
 
SunPower Corp. (a)
   
471
     
11,667
 
Tenable Holdings, Inc. (a)
   
316
     
13,525
 
Teradyne, Inc.
   
70
     
8,890
 
Trend Micro, Inc.
   
125
     
6,481
 
Trimble, Inc. (a)
   
221
     
18,896
 
Twilio, Inc. - Class A (a)
   
141
     
52,676
 
UiPath, Inc. - Class A (a)
   
101
     
6,319
 
Unity Software, Inc. (a)
   
200
     
21,424
 
Universal Display Corp.
   
26
     
6,097
 
Varonis Systems, Inc. (a)
   
260
     
15,912
 
Visa, Inc. - Class A
   
30
     
7,392
 
VMware, Inc. - Class A (a)
   
165
     
25,367
 
Workday, Inc. - Class A (a)
   
36
     
8,438
 
Xilinx, Inc.
   
50
     
7,492
 
Xinyi Solar Holdings Ltd.
   
7,021
     
14,094
 
Zoom Video Communications, Inc. - Class A (a)
   
115
     
43,482
 
Zscaler, Inc. (a)
   
275
     
64,875
 
             
1,803,900
 
Materials - 1.9%
               
Albemarle Corp.
   
150
     
30,906
 
Ecolab, Inc.
   
46
     
10,158
 
Ganfeng Lithium Co. Ltd. - Class H (b)
   
561
     
12,034
 
Livent Corp. (a)
   
415
     
8,097
 
             
61,195
 
Real Estate - 1.8%
               
American Tower Corp. (c)
   
21
     
5,939
 
CoreSite Realty Corp. (c)
   
45
     
6,219
 
Crown Castle International Corp. (c)
   
35
     
6,758
 
CyrusOne, Inc. (c)
   
85
     
6,058
 
Digital Realty Trust, Inc. (c)
   
80
     
12,333
 
Equinix, Inc. (c)
   
25
     
20,510
 
             
57,817
 
Utilities - 2.0%
               
American Water Works Co., Inc.
   
70
     
11,908
 
Atlantica Sustainable Infrastructure PLC
   
195
     
7,753
 
Essential Utilities, Inc.
   
125
     
6,140
 
NextEra Energy, Inc.
   
95
     
7,400
 
Ormat Technologies, Inc.
   
140
     
9,764
 
Orsted AS (b)
   
60
     
8,909
 
Sunnova Energy International, Inc. (a)
   
340
     
12,954
 
             
64,828
 
Total Common Stocks (Cost $3,150,184)
           
3,176,145
 
                 
PREFERRED STOCKS - 0.2%
               
Materials - 0.2%
               
Sociedad Quimica y Minera de Chile SA - Class B
   
151
     
7,213
 
Total Preferred Stocks (Cost $7,203)
           
7,213
 
                 
MONEY MARKET FUNDS - 0.7%
               
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (d)
   
23,325
     
23,325
 
Total Money Market Funds (Cost $23,325)
           
23,325
 
Total Investments - 100.6%
               
(Cost $3,180,712)
         
$
3,206,683
 

Percentages are based on Net Assets of $3,186,805.
ADR -
American Depositary Receipt
(a)
Non-income producing security.
(b)
Security exempt from registration under Rule 144(a) and Regulation S of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund’s liquidity guidelines. At July 31, 2021 the value of these securities amounted to $37,232 or 1.2% of net assets.
(c)
Real Estate Investment Trust.
(d)
Seven-day yield as of July 31, 2021.
                     
For Fund compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Industries are shown as a percentage of net assets.
                     
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.



Security Valuation
                 
                     
In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The following describes the levels of the fair value hierarchy:
Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;
Level 2 – Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).
                     
The valuation techniques used by the Funds to measure fair value for the period ended July 31, 2021 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended July 31, 2021, there have been no significant changes to the Fund’s fair valuation methodologies.
                     
Common stocks, preferred stock, and other equity securities listed on any national or foreign exchange (excluding Nasdaq) and the London Stock Exchange Alternative Investment Market (“AIM”) will be valued at the last price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities exchange are valued at the last sale price or official closing price, as applicable, at the close of the exchange representing the principal market for such securities. Foreign securities and other assets denominated in foreign currencies are translated into U.S. dollars at the current exchange rate, which approximates fair value. Redeemable securities issued by open-end investment companies shall be valued at the investment company’s applicable NAV, with the exception of exchange-traded open-end and closed-end investment companies which are priced as equity securities. Exchange-traded options will be valued at the current mean price where such contracts are principally traded. Securities traded in the over-the-counter market are valued at the mean of the bid and the asked price, if available, and otherwise at their closing bid price. Fixed income securities will be valued using the mean price. Fixed income securities having a remaining maturity of 60 days or less when purchased will be valued at the current market price. If there is no current market price available then the securities will be valued at cost and adjusted for amortization of premiums and accretions of discounts. Swaps will be valued by using the market close price of the underlying holdings. If there is no market price available, then the securities will be valued at the last price.
                     
If no quotation is available from either a pricing service, or one or more brokers or if the pricing committee has reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith by the pricing committee, pursuant to procedures established under the general supervision and responsibility of the Fund’s Board of Trustees (the “Board”).
The following is a summary of the fair valuations according to the inputs used to value the Fund’s investments as of July 31, 2021:

   
Category
                             
   
Investments in Securities
                             
   
Assets
         
     
   

     
 
   
Level 1
                                     
   
   Common Stocks
 
$
3,176,145
                                 
   
   Preferred Stocks
   
7,213
                                 
   
   Money Market Funds
   
23,325
                                 
   
Total Level 1
   
3,206,683
                                 
   
Level 2
   
-
                                 
   
Total Level 2
   
-
                                 
   
Level 3
   
-
                                 
   
Total Level 3
   
-
                                 
   
Total
 
$
3,206,683
                                 
                                             
See the Schedule of Investments for further disaggregation of investment categories.
 
                                             
For the period ended July 31, 2021, there were no transfers into or out of Level 3 for the Fund.