Amplify Thematic All-Stars ETF
 
Schedule of Investments
 
January 31, 2023 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.4%
           
Communication Services - 5.9%
           
Alphabet, Inc. - Class A (a)
   
847
   
$
83,717
 
Baidu, Inc. - Class A (a)
   
556
     
9,391
 
Electronic Arts, Inc.
   
74
     
9,522
 
Meta Platforms, Inc. - Class A (a)
   
214
     
31,880
 
NetEase, Inc.
   
517
     
9,214
 
Netflix, Inc. (a)
   
38
     
13,447
 
ROBLOX Corp. - Class A (a)
   
1,053
     
39,182
 
Roku, Inc. (a)
   
287
     
16,503
 
Tencent Holdings Ltd.
   
335
     
16,334
 
             
229,190
 
Consumer Discretionary - 12.0%
               
Alibaba Group Holding Ltd. (a)
   
830
     
11,393
 
Amazon.com, Inc. (a)
   
758
     
78,172
 
Aptiv PLC (a)
   
108
     
12,214
 
BYD Co. Ltd. - Class H
   
557
     
17,409
 
DraftKings, Inc. (a)
   
1,197
     
17,943
 
Lucid Group, Inc. (a) (b)
   
1,927
     
22,527
 
Meituan - Class B (a) (c)
   
38
     
842
 
MercadoLibre, Inc. (a)
   
13
     
15,362
 
NIO, Inc. - Class A (a)
   
791
     
9,254
 
Panasonic Holdings Corp.
   
963
     
8,886
 
Rivian Automotive, Inc. - Class A (a)
   
1,330
     
25,802
 
Tesla, Inc. (a)
   
1,358
     
235,233
 
XPeng, Inc. - Class A (a)
   
1,799
     
9,100
 
             
464,137
 
Financials - 1.8%
               
Coinbase Global, Inc. - Class A (a) (b)
   
979
     
57,252
 
Robinhood Markets, Inc. - Class A (a)
   
1,110
     
11,555
 
             
68,807
 
Health Care - 4.0%
               
Agilent Technologies, Inc.
   
82
     
12,470
 
Beam Therapeutics, Inc. (a)
   
215
     
9,342
 
CRISPR Therapeutics AG (a)
   
251
     
12,806
 
Danaher Corp.
   
112
     
29,611
 
Exact Sciences Corp. (a)
   
317
     
21,404
 
Intellia Therapeutics, Inc. (a)
   
319
     
13,538
 
Intuitive Surgical, Inc. (a)
   
102
     
25,060
 
Moderna, Inc. (a)
   
43
     
7,571
 
Teladoc Health, Inc. (a)
   
789
     
23,197
 
             
154,999
 
Industrials - 10.6%
               
ABB Ltd.
   
1,166
     
40,295
 
AeroVironment, Inc. (a)
   
109
     
9,698
 
Array Technologies, Inc. (a)
   
1,136
     
25,253
 
Ballard Power Systems, Inc. (a)
   
2,728
     
17,807
 
Bloom Energy Corp. - Class A (a)
   
1,078
     
26,875
 
Booz Allen Hamilton Holding Corp.
   
77
     
7,287
 
ChargePoint Holdings, Inc. (a) (b)
   
768
     
9,324
 
Deere & Co.
   
26
     
10,994
 
Evoqua Water Technologies Corp. (a)
   
239
     
11,594
 
FANUC Corp.
   
63
     
11,096
 
Pentair PLC
   
251
     
13,900
 
Plug Power, Inc. (a)
   
3,235
     
55,060
 
Schneider Electric SE
   
65
     
10,470
 
Shoals Technologies Group, Inc. - Class A (a)
   
755
     
21,057
 
SunPower Corp. (a)
   
819
     
14,275
 
Sunrun, Inc. (a)
   
1,685
     
44,282
 
Tetra Tech, Inc.
   
79
     
12,286
 
Valmont Industries, Inc.
   
36
     
11,870
 
Vestas Wind Systems A/S
   
1,180
     
34,243
 
Xylem, Inc./NY
   
228
     
23,714
 
             
411,380
 
Information Technology - 57.5%
               
Adobe, Inc. (a)
   
58
     
21,480
 
Advanced Micro Devices, Inc. (a)
   
458
     
34,419
 
Adyen NV (a) (c)
   
7
     
10,473
 
Akamai Technologies, Inc. (a)
   
372
     
33,089
 
Ambarella, Inc.(a)
   
133
     
11,949
 
Analog Devices, Inc.
   
81
     
13,889
 
Apple, Inc.
   
213
     
30,734
 
Autodesk, Inc. (a)
   
51
     
10,973
 
Badger Meter, Inc.
   
69
     
7,997
 
BlackBerry Ltd. (a)
   
2,268
     
9,654
 
Block, Inc. (a)
   
1,436
     
117,350
 
Broadcom, Inc.
   
32
     
18,720
 
Canadian Solar, Inc. (a)
   
349
     
14,682
 
Check Point Software Technologies Ltd. (a)
   
137
     
17,426
 
Cisco Systems, Inc.
   
1,087
     
52,904
 
Cloudflare, Inc. - Class A (a)
   
821
     
43,439
 
Cognex Corp.
   
184
     
10,072
 
Crowdstrike Holdings, Inc. - Class A (a)
   
452
     
47,867
 
CyberArk Software Ltd. (a)
   
111
     
15,638
 
Dropbox, Inc. - Class A (a)
   
361
     
8,386
 
Enphase Energy, Inc. (a)
   
611
     
135,263
 
F5, Inc. (a)
   
75
     
11,074
 
First Solar, Inc. (a)
   
717
     
127,339
 
Fortinet, Inc. (a)
   
905
     
47,368
 
Gen Digital, Inc.
   
646
     
14,864
 
HubSpot, Inc. (a)
   
25
     
8,675
 
Infineon Technologies AG
   
293
     
10,474
 
Intel Corp.
   
678
     
19,160
 
International Business Machines Corp.
   
133
     
17,919
 
Itron, Inc. (a)
   
278
     
15,977
 
JinkoSolar Holding Co. Ltd. - ADR (a)
   
203
     
11,445
 
Juniper Networks, Inc.
   
480
     
15,504
 
Keyence Corp.
   
22
     
10,029
 
Mastercard, Inc. - Class A
   
21
     
7,783
 
Microsoft Corp.
   
280
     
69,387
 
MongoDB, Inc. (a)
   
61
     
13,067
 
NVIDIA Corp.
   
1,059
     
206,897
 
NXP Semiconductors NV
   
108
     
19,905
 
Okta, Inc. (a)
   
573
     
42,179
 
ON Semiconductor Corp. (a)
   
502
     
36,872
 
Oracle Corp.
   
185
     
16,365
 
Palo Alto Networks, Inc. (a)
   
420
     
66,629
 
PayPal Holdings, Inc. (a)
   
194
     
15,809
 
PTC, Inc. (a)
   
61
     
8,228
 
QUALCOMM, Inc.
   
250
     
33,303
 
Qualys, Inc. (a)
   
200
     
23,072
 
Rapid7, Inc. (a)
   
263
     
10,486
 
Roper Technologies, Inc.
   
34
     
14,510
 
salesforce.com, Inc. (a)
   
117
     
19,653
 
Samsung SDI Co. Ltd.
   
57
     
31,698
 
SentinelOne, Inc. - Class A (a)
   
877
     
13,234
 
ServiceNow, Inc. (a)
   
42
     
19,115
 
Shopify, Inc. - Class A (a)
   
1,068
     
52,620
 
Snowflake, Inc. (a)
   
54
     
8,448
 
SolarEdge Technologies, Inc. (a)
   
426
     
135,949
 
Splunk, Inc. (a)
   
297
     
28,444
 
STMicroelectronics NV
   
274
     
12,829
 
Tenable Holdings, Inc. (a)
   
410
     
16,494
 
Teradyne, Inc.
   
92
     
9,356
 
Trend Micro, Inc./Japan (a)
   
204
     
10,024
 
Trimble, Inc. (a)
   
328
     
19,044
 
Twilio, Inc. - Class A (a)
   
685
     
40,990
 
UiPath, Inc. - Class A (a)
   
3,337
     
51,256
 
Unity Software, Inc. (a)
   
999
     
35,484
 
Varonis Systems, Inc. (a)
   
490
     
12,662
 
Visa, Inc. - Class A
   
38
     
8,748
 
VMware, Inc. (a)
   
60
     
7,348
 
Wolfspeed, Inc. (a)
   
133
     
10,242
 
Xinyi Solar Holdings Ltd.
   
13,069
     
16,939
 
Zoom Video Communications, Inc. - Class A (a)
   
615
     
46,125
 
Zscaler, Inc. (a)
   
424
     
52,644
 
             
2,220,070
 
Materials - 3.0%
               
Albemarle Corp.
   
159
     
44,751
 
Ecolab, Inc.
   
164
     
25,392
 
Ganfeng Lithium Co. Ltd. - Class H (c)
   
1,511
     
13,744
 
Livent Corp. (a)
   
842
     
21,825
 
Pilbara Minerals Ltd. (a)
   
2,819
     
9,435
 
             
115,147
 
Real Estate - 1.4%
               
American Tower Corp. (d)
   
57
     
12,733
 
Crown Castle, Inc. (d)
   
68
     
10,071
 
Digital Realty Trust, Inc. (d)
   
93
     
10,660
 
Equinix, Inc. (d)
   
28
     
20,668
 
             
54,132
 
Utilities - 3.2%
               
American Water Works Co., Inc.
   
127
     
19,874
 
Atlantica Sustainable Infrastructure PLC
   
336
     
9,213
 
Encavis AG
   
394
     
7,576
 
Essential Utilities, Inc.
   
181
     
8,458
 
Iberdrola SA
   
1,505
     
17,563
 
Northland Power, Inc.
   
289
     
7,741
 
Ormat Technologies, Inc.
   
233
     
21,564
 
Orsted AS (c)
   
149
     
13,160
 
Sunnova Energy International, Inc. (a)
   
868
     
16,909
 
             
122,058
 
Total Common Stocks (Cost $5,832,613)
           
3,839,920
 
                 
PREFERRED STOCKS - 0.4%
               
Materials - 0.4%
               
Sociedad Quimica y Minera de Chile SA - Class B
   
156
     
15,123
 
Total Preferred Stocks (Cost $7,436)
           
15,123
 
                 
MONEY MARKET FUNDS - 0.2%
               
Invesco Government & Agency Portfolio - Institutional Class - 4.30% (e)
   
7,309
     
7,309
 
Total Money Market Funds (Cost $7,309)
           
7,309
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.2%
               
First American Government Obligations Fund - Class X - 4.10% (e)
   
85,924
     
85,924
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $85,924)
           
85,924
 
Total Investments - 102.2%
               
(Cost $5,933,282)
         
$
3,948,276
 

Percentages are based on Net Assets of $3,862,583.
                   
ADR -
American Depositary Receipt
(a)
Non-income producing security.
(b)
All or a portion of this security is out on loan as of January 31, 2023. Total value of the securities out on loan is $86,378 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 January 31, 2023, the value of these securities amounted to $38,219 or 1.0% of net assets.
(d)
Real Estate Investment Trust.
(e)
Seven-day yield as of January 31, 2023.
                   
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 Financial Services LLC ("S&P").  GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by the 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 year/period ended January 31, 2023 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended January 31, 2023, 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. Deposit accounts are valued at acquisition cost, which approximates fair value. 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 trade price.
 
The Trust's valuation procedures provide for the designation of the Adviser as "Valuation Designee". 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 Valuation Designee, pursuant to procedures established by 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 January 31, 2023:
                     
 
Category
                 
 
Investments in Securities
                 
 
Assets
                 
 
Level 1
                 
 
   Common Stocks
 
 $             3,839,920
             
 
   Preferred Stocks
 
          15,123
             
 
   Money Market Funds
 
            7,309
             
 
Investments Purchased with Proceeds from Securities Lending
 
          85,924
             
 
Total Level 1
 
      3,948,276
             
 
Level 2
 
                   -
             
 
Total Level 2
 
                   -
             
 
Level 3
 
                   -
             
 
Total Level 3
 
                   -
             
 
Total
 
 $             3,948,276
             
                     
See the Schedule of Investments for further disaggregation of investment categories.
                     
For the period ended January 31, 2023, there were no transfers into or out of Level 3 for the Fund.
                     
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 January 31, 2023, 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.