Amplify Thematic All-Stars ETF
 
Schedule of Investments
 
January 31, 2022 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
COMMON STOCKS - 99.6%
           
Communication Services - 10.0%
           
Activision Blizzard, Inc.
   
422
   
$
33,342
 
Alphabet, Inc. - Class A (a)
   
124
     
335,553
 
Baidu, Inc. - Class A (a)
   
2,598
     
47,912
 
Electronic Arts, Inc.
   
224
     
29,716
 
Meta Platforms, Inc. - Class A (a)
   
494
     
154,750
 
Netflix, Inc. (a)
   
135
     
57,664
 
ROBLOX Corp. - Class A (a)
   
775
     
51,041
 
Roku, Inc. (a)
   
461
     
75,627
 
Sea Ltd. - ADR (a)
   
402
     
60,425
 
Snap, Inc. - Class A (a)
   
1,976
     
64,299
 
Spotify Technology SA (a)
   
553
     
108,532
 
Tencent Holdings Ltd.
   
1,742
     
105,446
 
Twitter, Inc. (a)
   
3,219
     
120,745
 
             
1,245,052
 
Consumer Discretionary - 11.0%
               
Alibaba Group Holding Ltd. (a)
   
6,280
     
91,813
 
Amazon.com, Inc. (a)
   
100
     
299,147
 
Aptiv PLC (a)
   
362
     
49,442
 
BYD Co. Ltd. - Class H
   
1,023
     
29,047
 
DraftKings, Inc. - Class A (a)
   
1,603
     
35,410
 
Etsy, Inc. (a)
   
258
     
40,527
 
JD.com, Inc. - Class A (a)
   
83
     
2,974
 
MercadoLibre, Inc. (a)
   
42
     
47,547
 
NIO, Inc. - ADR (a)
   
3,767
     
92,329
 
Tesla, Inc. (a)
   
675
     
632,286
 
XPeng, Inc. - Class A (a)
   
3,328
     
53,307
 
             
1,373,829
 
Financials - 2.5%
               
Coinbase Global, Inc. - Class A (a)
   
1,360
     
258,604
 
Robinhood Markets, Inc. - Class A (a)
   
2,175
     
30,776
 
Upstart Holdings, Inc. (a)
   
198
     
21,584
 
             
310,964
 
Health Care - 3.9%
               
Agilent Technologies, Inc.
   
203
     
28,282
 
Beam Therapeutics, Inc. (a)
   
346
     
23,947
 
CRISPR Therapeutics AG (a)
   
527
     
33,596
 
Danaher Corp.
   
246
     
70,304
 
Exact Sciences Corp. (a)
   
411
     
31,384
 
Illumina, Inc. (a)
   
77
     
26,859
 
Intellia Therapeutics, Inc. (a)
   
514
     
48,609
 
Intuitive Surgical, Inc. (a)
   
272
     
77,297
 
Teladoc Health, Inc. (a)
   
2,000
     
153,420
 
             
493,698
 
Industrials - 7.0%
               
ABB Ltd.
   
3,071
     
104,593
 
Array Technologies, Inc. (a)
   
2,838
     
29,913
 
Ballard Power Systems, Inc. (a)
   
5,832
     
60,805
 
Bloom Energy Corp. - Class A (a)
   
2,092
     
31,547
 
ChargePoint Holdings, Inc. (a)
   
1,805
     
24,999
 
Evoqua Water Technologies Corp. (a)
   
869
     
35,194
 
FANUC Corp.
   
197
     
38,400
 
Pentair PLC
   
584
     
37,201
 
Plug Power, Inc. (a)
   
5,396
     
118,011
 
Roper Technologies, Inc.
   
72
     
31,476
 
Shoals Technologies Group, Inc. - Class A (a)
   
2,002
     
33,754
 
Siemens Gamesa Renewable Energy SA (a)
   
1,234
     
26,414
 
Sunrun, Inc. (a)
   
4,739
     
122,882
 
Tetra Tech, Inc.
   
203
     
28,256
 
Vestas Wind Systems A/S
   
3,204
     
85,418
 
Xylem, Inc./NY
   
645
     
67,738
 
             
876,601
 
Information Technology - 59.7%
               
3D Systems Corp. (a)
   
1,584
     
28,354
 
Accenture PLC - Class A
   
153
     
54,098
 
Adobe, Inc. (a)
   
97
     
51,827
 
Advanced Micro Devices, Inc. (a)
   
1,153
     
131,730
 
Adyen NV (a) (b)
   
23
     
46,126
 
Akamai Technologies, Inc. (a)
   
1,398
     
160,141
 
Ambarella, Inc. (a)
   
169
     
23,685
 
Analog Devices, Inc.
   
420
     
68,867
 
Apple, Inc.
   
600
     
104,868
 
Arista Networks, Inc. (a)
   
293
     
36,423
 
Atlassian Corp. PLC - Class A (a)
   
83
     
26,920
 
Autodesk, Inc. (a)
   
193
     
48,209
 
Block, Inc. (a)
   
2,172
     
265,614
 
Canadian Solar, Inc. (a)
   
1,317
     
36,863
 
Check Point Software Technologies Ltd. (a)
   
548
     
66,313
 
Cisco Systems, Inc.
   
3,358
     
186,940
 
Citrix Systems, Inc.
   
324
     
33,029
 
Cloudflare, Inc. - Class A (a)
   
983
     
94,761
 
Crowdstrike Holdings, Inc. - Class A (a)
   
1,076
     
194,369
 
CyberArk Software Ltd. (a)
   
280
     
38,402
 
Daqo New Energy Corp. - ADR (a)
   
1,059
     
42,487
 
Datadog, Inc. - Class A (a)
   
160
     
23,378
 
DocuSign, Inc. (a)
   
496
     
62,382
 
Dropbox, Inc. - Class A (a)
   
1,875
     
46,406
 
Enphase Energy, Inc. (a)
   
2,456
     
344,994
 
F5, Inc. (a)
   
170
     
35,295
 
Fastly, Inc. - Class A (a)
   
850
     
24,361
 
First Solar, Inc. (a)
   
2,649
     
207,629
 
Fortinet, Inc. (a)
   
345
     
102,548
 
Infineon Technologies AG
   
802
     
32,667
 
Intel Corp.
   
1,559
     
76,110
 
International Business Machines Corp.
   
547
     
73,063
 
Intuit, Inc.
   
74
     
41,087
 
Itron, Inc. (a)
   
935
     
57,970
 
JinkoSolar Holding Co. Ltd. - ADR (a)
   
1,027
     
45,322
 
Juniper Networks, Inc.
   
1,775
     
61,806
 
Keyence Corp.
   
55
     
27,795
 
Mandiant, Inc. (a)
   
3,614
     
54,535
 
Mastercard, Inc. - Class A
   
95
     
36,706
 
Microsoft Corp.
   
808
     
251,272
 
MicroStrategy, Inc. (a)
   
81
     
29,809
 
Mimecast Ltd. (a)
   
984
     
78,435
 
MongoDB, Inc. (a)
   
72
     
29,168
 
NVIDIA Corp.
   
2,443
     
598,193
 
NXP Semiconductors NV
   
329
     
67,590
 
Okta, Inc. (a)
   
741
     
146,637
 
ON Semiconductor Corp. (a)
   
1,468
     
86,612
 
Oracle Corp.
   
813
     
65,983
 
Palantir Technologies, Inc. - Class A (a)
   
3,456
     
47,382
 
Palo Alto Networks, Inc. (a)
   
393
     
203,338
 
PayPal Holdings, Inc. (a)
   
826
     
142,022
 
PTC, Inc. (a)
   
242
     
28,135
 
QUALCOMM, Inc.
   
706
     
124,087
 
Qualys, Inc. (a)
   
653
     
83,675
 
Rapid7, Inc. (a)
   
395
     
38,050
 
Sailpoint Technologies Holdings, Inc. (a)
   
562
     
21,744
 
salesforce.com, Inc. (a)
   
435
     
101,194
 
Samsung SDI Co. Ltd.
   
155
     
75,089
 
ServiceNow, Inc. (a)
   
98
     
57,406
 
Shopify, Inc. - Class A (a)
   
203
     
195,741
 
Skyworks Solutions, Inc.
   
217
     
31,795
 
Snowflake, Inc. (a)
   
94
     
25,935
 
SolarEdge Technologies, Inc. (a)
   
1,232
     
293,487
 
Splunk, Inc. (a)
   
1,137
     
140,897
 
STMicroelectronics NV
   
861
     
39,804
 
SunPower Corp. (a)
   
3,085
     
51,766
 
Tenable Holdings, Inc. (a)
   
1,418
     
72,885
 
Teradyne, Inc.
   
208
     
24,425
 
Trend Micro, Inc./Japan (a)
   
630
     
33,133
 
Trimble, Inc. (a)
   
1,151
     
83,056
 
Twilio, Inc. - Class A (a)
   
1,056
     
217,663
 
UiPath, Inc. - Class A (a)
   
3,468
     
126,686
 
Unity Software, Inc. (a)
   
1,187
     
124,813
 
Varonis Systems, Inc. (a)
   
1,142
     
42,551
 
Visa, Inc. - Class A
   
147
     
33,247
 
VMware, Inc.
   
951
     
122,184
 
Workday, Inc. - Class A (a)
   
214
     
54,144
 
Xinyi Solar Holdings Ltd.
   
48,651
     
77,367
 
Zoom Video Communications, Inc. - Class A (a)
   
906
     
139,778
 
Zscaler, Inc. (a)
   
672
     
172,778
 
             
7,474,036
 
Materials - 1.6%
               
Albemarle Corp.
   
500
     
110,370
 
Ecolab, Inc.
   
308
     
58,351
 
Livent Corp. (a)
   
1,411
     
32,467
 
             
201,188
 
Real Estate - 1.7%
               
American Tower Corp. (c)
   
153
     
38,480
 
Crown Castle International Corp. (c)
   
253
     
46,175
 
Digital Realty Trust, Inc. (c)
   
265
     
39,546
 
Equinix, Inc. (c)
   
119
     
86,263
 
             
210,464
 
Utilities - 2.2%
               
American Water Works Co., Inc.
   
340
     
54,672
 
Atlantica Sustainable Infrastructure PLC
   
1,037
     
33,837
 
Essential Utilities, Inc.
   
549
     
26,758
 
Iberdrola SA
   
2,567
     
29,236
 
Ormat Technologies, Inc.
   
654
     
44,577
 
Orsted AS (b)
   
429
     
45,180
 
Sunnova Energy International, Inc. (a)
   
2,265
     
44,530
 
             
278,790
 
Total Common Stocks (Cost $15,202,356)
           
12,464,622
 
                 
PREFERRED STOCKS - 0.2%
               
Materials - 0.2%
               
Sociedad Quimica y Minera de Chile SA - Class B
   
560
     
29,942
 
Total Preferred Stocks (Cost $28,898)
           
29,942
 
                 
MONEY MARKET FUNDS - 0.2%
               
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (d)
   
25,567
     
25,567
 
Total Money Market Funds (Cost $25,567)
           
25,567
 
Total Investments - 100.0%
               
(Cost $15,256,821)
         
$
12,520,131
 

Percentages are based on Net Assets of $12,516,195.
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 January 31, 2022 the value of these securities amounted to $91,306 or 0.7% of net assets.
(c)
Real Estate Investment Trust.
(d)
Seven-day yield as of January 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 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 January 31, 2022 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended January 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 January 31, 2022:
 
                     
 
Category
                 
 
Investments in Securities
                 
 
Assets
                 
 
Level 1
                 
 
   Common Stocks
  $
  12,464,622
           
 
   Preferred Stocks
   
          29,942
           
 
   Money Market Funds
   
          25,567
           
 
Total Level 1
   
    12,520,131
           
 
Level 2
   
                   -
           
 
Total Level 2
   
                   -
           
 
Level 3
   
                   -
           
 
Total Level 3
   
                   -
           
 
Total
  $
 12,520,131
           
                     
See the Schedule of Investments for further disaggregation of investment categories.
     
                     
For the period ended January 31, 2022, there were no transfers into or out of Level 3 for the Fund.