Amplify Thematic All-Stars ETF
 
Schedule of Investments
 
July 31, 2022 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.3%
           
Communication Services - 7.8%
           
Activision Blizzard, Inc.
   
182
   
$
14,551
 
Alphabet, Inc. - Class A (a)
   
1,712
     
199,140
 
Baidu, Inc. - Class A (a)
   
1,142
     
19,276
 
Electronic Arts, Inc.
   
117
     
15,354
 
Meta Platforms, Inc. - Class A (a)
   
300
     
47,730
 
NetEase, Inc.
   
949
     
17,493
 
Netflix, Inc. (a)
   
97
     
21,815
 
ROBLOX Corp. - Class A (a)
   
1,633
     
70,105
 
Roku, Inc. (a)
   
415
     
27,191
 
Sea Ltd. - ADR (a)
   
314
     
23,964
 
Snap, Inc. - Class A (a)
   
1,477
     
14,593
 
Spotify Technology SA (a)
   
170
     
19,213
 
Take-Two Interactive Software, Inc. (a)
   
131
     
17,388
 
Tencent Holdings Ltd.
   
734
     
28,687
 
             
536,500
 
Consumer Discretionary - 11.6%
               
Alibaba Group Holding Ltd. (a)
   
3,663
     
43,443
 
Amazon.com, Inc. (a)
   
1,171
     
158,027
 
Aptiv PLC (a)
   
271
     
28,425
 
BYD Co Ltd. - Class H
   
594
     
21,611
 
DraftKings, Inc. (a) (b)
   
1,913
     
26,266
 
MercadoLibre, Inc. (a)
   
31
     
25,225
 
NIO, Inc. - Class A (a)
   
3,548
     
67,661
 
Tesla, Inc. (a)
   
445
     
396,695
 
XPeng, Inc. - Class A (a)
   
2,479
     
29,054
 
             
796,407
 
Financials - 1.7%
               
Coinbase Global, Inc. - Class A (a) (b)
   
1,559
     
98,155
 
Robinhood Markets, Inc. - Class A (a) (b)
   
1,827
     
16,534
 
             
114,689
 
Health Care - 3.5%
               
Agilent Technologies, Inc.
   
144
     
19,310
 
Beam Therapeutics, Inc. (a)
   
329
     
20,720
 
CRISPR Therapeutics AG (a)
   
368
     
27,600
 
Danaher Corp.
   
176
     
51,299
 
Intellia Therapeutics, Inc. (a)
   
419
     
27,135
 
Intuitive Surgical, Inc. (a)
   
199
     
45,804
 
Teladoc Health, Inc. (a)
   
1,258
     
46,357
 
             
238,225
 
Industrials - 9.8%
               
ABB Ltd.
   
2,439
     
73,677
 
AeroVironment, Inc. (a)
   
244
     
21,140
 
Array Technologies, Inc. (a)
   
1,410
     
23,758
 
Ballard Power Systems, Inc. (a)
   
3,600
     
28,882
 
Bloom Energy Corp. - Class A (a)
   
1,546
     
31,276
 
Booz Allen Hamilton Holding Corp.
   
178
     
17,084
 
ChargePoint Holdings, Inc. (a) (b)
   
931
     
14,067
 
Deere & Co.
   
59
     
20,248
 
Evoqua Water Technologies Corp. (a)
   
436
     
16,616
 
FANUC Corp.
   
134
     
22,885
 
Pentair PLC
   
358
     
17,503
 
Plug Power, Inc. (a)
   
4,696
     
100,213
 
Roper Technologies, Inc.
   
40
     
17,467
 
Schneider Electric SE
   
117
     
16,050
 
Shoals Technologies Group, Inc. - Class A (a)
   
1,245
     
29,419
 
Siemens Gamesa Renewable Energy SA (a)
   
853
     
15,595
 
Sunrun, Inc. (a)
   
2,603
     
85,092
 
Tetra Tech, Inc.
   
150
     
22,990
 
Vestas Wind Systems A/S
   
1,900
     
49,320
 
Xylem, Inc./NY
   
557
     
51,261
 
             
674,543
 
Information Technology - 58.7%
               
Adobe, Inc. (a)
   
68
     
27,888
 
Advanced Micro Devices, Inc. (a)
   
857
     
80,961
 
Adyen NV (a) (c)
   
16
     
28,469
 
Akamai Technologies, Inc. (a)
   
793
     
76,302
 
Ambarella, Inc. (a)
   
231
     
19,993
 
Analog Devices, Inc.
   
203
     
34,908
 
Apple, Inc.
   
534
     
86,780
 
Arista Networks, Inc. (a)
   
150
     
17,494
 
Autodesk, Inc. (a)
   
94
     
20,334
 
Block, Inc. (a)
   
2,055
     
156,303
 
Canadian Solar, Inc. (a)
   
631
     
23,278
 
Check Point Software Technologies Ltd. (a)
   
271
     
33,767
 
Cisco Systems, Inc.
   
2,142
     
97,183
 
Cloudflare, Inc. - Class A (a)
   
1,494
     
75,178
 
Crowdstrike Holdings, Inc. - Class A (a)
   
807
     
148,165
 
CyberArk Software Ltd. (a)
   
179
     
23,293
 
Daqo New Energy Corp. - ADR (a)
   
427
     
27,627
 
Dropbox, Inc. - Class A (a)
   
760
     
17,282
 
Enphase Energy, Inc. (a)
   
1,241
     
352,667
 
F5, Inc. (a)
   
130
     
21,757
 
First Solar, Inc. (a)
   
1,500
     
148,755
 
Fortinet, Inc. (a)
   
1,104
     
65,854
 
Infineon Technologies AG
   
758
     
20,520
 
Intel Corp.
   
1,513
     
54,937
 
International Business Machines Corp.
   
326
     
42,638
 
Itron, Inc. (a)
   
499
     
29,142
 
JinkoSolar Holding Co. Ltd. - ADR (a)
   
477
     
31,635
 
Juniper Networks, Inc.
   
1,184
     
33,188
 
Keyence Corp.
   
46
     
18,045
 
Mandiant, Inc. (a)
   
719
     
16,379
 
Mastercard, Inc. - Class A
   
46
     
16,274
 
Microsoft Corp.
   
481
     
135,036
 
MongoDB, Inc. (a)
   
51
     
15,936
 
NortonLifeLock, Inc.
   
1,004
     
24,628
 
NVIDIA Corp.
   
1,931
     
350,728
 
NXP Semiconductors NV
   
277
     
50,935
 
Okta, Inc. (a)
   
720
     
70,884
 
ON Semiconductor Corp. (a)
   
903
     
60,302
 
Oracle Corp.
   
368
     
28,645
 
Palo Alto Networks, Inc. (a)
   
258
     
128,768
 
PayPal Holdings, Inc. (a)
   
431
     
37,294
 
PTC, Inc. (a)
   
135
     
16,656
 
QUALCOMM, Inc.
   
644
     
93,419
 
Qualys, Inc. (a)
   
283
     
34,617
 
Rapid7, Inc. (a)
   
300
     
19,191
 
salesforce.com, Inc. (a)
   
192
     
35,332
 
Samsung SDI Co. Ltd.
   
94
     
41,172
 
SentinelOne, Inc. - Class A (a)
   
1,298
     
32,255
 
ServiceNow, Inc. (a)
   
55
     
24,566
 
Shopify, Inc. - Class A (a)
   
1,738
     
60,535
 
SolarEdge Technologies, Inc. (a)
   
629
     
226,522
 
Splunk, Inc. (a)
   
487
     
50,604
 
STMicroelectronics NV
   
500
     
18,828
 
SunPower Corp. (a)
   
1,470
     
29,944
 
Tenable Holdings, Inc. (a)
   
683
     
26,398
 
Trend Micro, Inc./Japan
   
345
     
19,902
 
Trimble, Inc. (a)
   
550
     
38,186
 
Twilio, Inc. - Class A (a)
   
810
     
68,688
 
UiPath, Inc. - Class A (a)
   
3,722
     
68,224
 
Unity Software, Inc. (a)
   
1,560
     
58,328
 
Varonis Systems, Inc. (a)
   
676
     
17,191
 
Visa, Inc. - Class A
   
63
     
13,363
 
VMware, Inc.
   
369
     
42,878
 
Workday, Inc. - Class A (a)
   
100
     
15,510
 
Xinyi Solar Holdings Ltd.
   
24,505
     
41,643
 
Zoom Video Communications, Inc. - Class A (a)
   
821
     
85,269
 
Zscaler, Inc. (a)
   
750
     
116,295
 
             
4,045,668
 
Materials - 2.5%
               
Albemarle Corp.
   
320
     
78,179
 
Allkem Ltd. (a)
   
1,973
     
15,530
 
Ecolab, Inc.
   
212
     
35,016
 
Livent Corp. (a)
   
1,306
     
32,507
 
MP Materials Corp. (a)
   
390
     
13,092
 
             
174,324
 
Real Estate - 1.4%
               
American Tower Corp. (d)
   
75
     
20,312
 
Crown Castle International Corp. (d)
   
112
     
20,234
 
Digital Realty Trust, Inc. (d)
   
128
     
16,954
 
Equinix, Inc. (d)
   
60
     
42,224
 
             
99,724
 
Utilities - 2.3%
               
American Water Works Co., Inc.
   
206
     
32,021
 
Atlantica Sustainable Infrastructure PLC
   
558
     
19,898
 
Essential Utilities, Inc.
   
395
     
20,516
 
Ormat Technologies, Inc.
   
370
     
32,020
 
Orsted AS (c)
   
189
     
21,888
 
Sunnova Energy International, Inc. (a)
   
1,202
     
31,276
 
             
157,619
 
Total Common Stocks (Cost $9,678,613)
           
6,837,699
 
                 
PREFERRED STOCKS - 0.6%
               
Materials - 0.7%
               
Sociedad Quimica y Minera de Chile SA - Class B
   
476
     
47,254
 
Total Preferred Stocks (Cost $25,865)
           
47,254
 
                 
MONEY MARKET FUNDS - 0.0% (e)
               
Invesco Government & Agency Portfolio - Institutional Class - 1.64% (f)
   
3,359
     
3,359
 
Total Money Market Funds (Cost $3,359)
           
3,359
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.2%
               
First American Government Obligations Fund - Class X - 1.94% (f)
   
152,077
     
152,077
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $152,077)
           
152,077
 
Total Investments - 102.2%
               
(Cost $9,859,914)
         
$
7,040,389
 

Percentages are based on Net Assets of $6,886,259.
ADR -
American Depositary Receipt
(a)
Non-income producing security.
(b)
All or a portion of this security is out on loan as of July 31, 2022. Total value of securities out on loan is $148,988 or 2.2% of net assets.
(c)
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, 2022 the value of these securities amounted to $50,357 or 0.7% of net assets.
(d)
Real Estate Investment Trust.
(e)
Less than 0.05%.
(f)
Seven-day yield as of July 31, 2022.
                     
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 Industy Classification Standard (GICS®) was developed by and/or is the exclusive 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, 2022, maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended July 31, 2022, 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, 2022:
                       
 
Category
                   
 
Investments in Securities
                   
 
Assets
                   
 
Level 1
                   
 
   Common Stocks
  $
    6,837,699
             
 
   Preferred Stocks
   
          47,254
             
 
   Money Market Funds
   
            3,359
             
 
Investments Purchased with
Proceeds from Securities Lending
   
        152,077
             
 
Total Level 1
   
      7,040,389
             
 
Level 2
   
                   -
             
 
Total Level 2
   
                   -
             
 
Level 3
   
                   -
             
 
Total Level 3
   
                   -
             
 
Total
  $
    7,040,389
             
                       
See the Schedule of Investments for further disaggregation of investment categories.
                       
For the period ended July 31, 2022, there were no transfers into or out of Level 3 for the Fund.