Amplify Natural Resources Dividend Income ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.1%
  
Shares
    
Value
 
Coal & Consumable Fuels - 1.5%
        
Alliance Resource Partners LP
    
6,619
    
$
173,021
  
                 
Commodity Chemicals - 9.2%
          
Dow, Inc.
    
19,792
      
524,092
  
LyondellBasell Industries NV - Class A
    
9,741
      
563,614
  
             
1,087,706
  
                 
Diversified Chemicals - 8.0%
          
Chemours Co.
    
46,793
      
535,780
  
Huntsman Corp.
    
39,353
      
410,058
  
             
945,838
  
                 
Fertilizers & Agricultural Chemicals - 3.5%
          
FMC Corp.
    
9,827
      
410,277
  
                 
Integrated Oil & Gas - 9.9%
          
BP PLC - ADR
    
7,688
      
230,102
  
Chevron Corp.
    
1,212
      
173,547
  
Eni SpA - ADR (a)
    
4,648
      
150,688
  
Petroleo Brasileiro SA - ADR
    
49,067
      
613,828
  
             
1,168,165
  
                 
Oil & Gas Drilling - 6.4%
          
Helmerich & Payne, Inc.
    
8,442
      
127,981
  
Noble Corp. PLC
    
16,614
      
441,101
  
Patterson-UTI Energy, Inc.
    
30,632
      
181,648
  
             
750,730
  
                 
Oil & Gas Equipment & Services - 3.2%
          
Atlas Energy Solutions, Inc. (a)
    
17,455
      
233,374
  
USA Compression Partners LP
    
5,833
      
141,800
  
             
375,174
  
                 
Oil & Gas Exploration & Production - 23.1%
          
APA Corp.
    
13,513
      
247,153
  
Black Stone Minerals LP
    
12,537
      
163,984
  
Canadian Natural Resources Ltd.
    
6,464
      
202,970
  
Chord Energy Corp.
    
1,999
      
193,603
  
Civitas Resources, Inc.
    
8,041
      
221,288
  
Crescent Energy Co. - Class A
    
23,227
      
199,752
  
Dorchester Minerals LP
    
6,018
      
167,661
  
Kimbell Royalty Partners LP
    
18,359
      
256,292
  
Murphy Oil Corp.
    
10,149
      
228,353
  
Northern Oil & Gas, Inc.
    
10,852
      
307,654
  
Permian Resources Corp.
    
14,023
      
190,993
  
Sitio Royalties Corp. - Class A
    
18,848
      
346,426
  
             
2,726,129
  
                 
Oil & Gas Refining & Marketing - 10.7%
          
CVR Energy, Inc.
    
20,705
      
555,930
  
HF Sinclair Corp.
    
7,340
      
301,527
  
PBF Energy, Inc. - Class A
    
14,400
      
312,048
  
Sunoco LP
    
1,824
      
97,748
  
             
1,267,253
  
                 
Oil & Gas Storage & Transportation - 23.6%
          
Antero Midstream Corp.
    
10,719
      
203,125
  
Cheniere Energy Partners LP
    
1,573
      
88,167
  
Delek Logistics Partners LP
    
5,501
      
236,268
  
Enbridge, Inc.
    
4,233
      
191,840
  
Energy Transfer LP
    
7,991
      
144,877
  
Enterprise Products Partners LP
    
3,974
      
123,234
  
FLEX LNG Ltd. (a)
    
18,210
      
400,256
  
Global Partners LP/MA
    
1,966
      
103,667
  
Hess Midstream LP - Class A
    
3,456
      
133,090
  
Kinetik Holdings, Inc.
    
5,899
      
259,851
  
MPLX LP
    
2,608
      
134,338
  
Pembina Pipeline Corp.
    
4,403
      
165,156
  
Plains All American Pipeline LP
    
8,530
      
156,270
  
South Bow Corp. (a)
    
10,762
      
278,843
  
Western Midstream Partners LP
    
4,436
      
171,673
  
             
2,790,655
  
TOTAL COMMON STOCKS (Cost $12,166,414)
      
11,694,948
  
                 
SHORT-TERM INVESTMENTS - 7.1%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 6.5%
  
Shares
          
First American Government Obligations Fund - Class X, 4.25% (b)
    
770,854
      
770,854
  
                 
Money Market Funds - 0.6%
  
Shares
          
Invesco Government & Agency Portfolio - Institutional Class, 4.26% (b)
    
63,403
      
63,403
  
TOTAL SHORT-TERM INVESTMENTS (Cost $834,257)
      
834,257
  
                 
TOTAL INVESTMENTS - 106.2% (Cost $13,000,671)
      
12,529,205
  
Liabilities in Excess of Other Assets - (6.2)%
      
(730,707
)
TOTAL NET ASSETS - 100.0%
          
$
11,798,498
  
two
      
–
%
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.
  

ADR - American Depositary Receipt
LP - Limited Partnership
PLC - Public Limited Company

(a)
All or a portion of this security is on loan as of June 30, 2025. The fair value of these securities was $751,265.
(b)
The rate shown represents the 7-day annualized effective yield as of June 30, 2025.


Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
 
Amplify Natural Resources Dividend Income ETF (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 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, 2025:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
    
11,694,948
      
–
      
–
      
11,694,948
  
  Investments Purchased with Proceeds from Securities Lending
    
770,854
      
–
      
–
      
770,854
  
  Money Market Funds
    
63,403
      
–
      
–
      
63,403
  
Total Investments
    
12,529,205
      
–
      
–
      
12,529,205
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  

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 June 30, 2025, 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.