Amplify Natural Resources Dividend Income ETF
Schedule of Investments
December 31, 2025 (Unaudited)

COMMON STOCKS - 99.1%	Shares		Value
Coal & Consumable Fuels - 1.3%
Alliance Resource Partners LP		8,965	$	208,257

Commodity Chemicals - 9.7%
Dow, Inc.		34,370		803,571
LyondellBasell Industries NV - Class A		17,627		763,249
				1,566,820

Diversified Chemicals - 6.1%
Huntsman Corp.		98,963		989,630

Fertilizers & Agricultural Chemicals - 2.3%
FMC Corp.		27,245		377,888

Integrated Oil & Gas - 8.0%
BP PLC - ADR		13,464		467,605
Petroleo Brasileiro SA - Petrobras - ADR		68,881		816,240
				1,283,845

Oil & Gas Drilling - 6.1%
Noble Corp. PLC		18,945		535,007
Patterson-UTI Energy, Inc.		72,295		441,722
				976,729

Oil & Gas Equipment & Services - 7.6%
Atlas Energy Solutions, Inc.		65,312		615,239
Kodiak Gas Services, Inc.		10,883		407,024
USA Compression Partners LP		8,604		197,892
				1,220,155

Oil & Gas Exploration & Production - 21.7%
Black Stone Minerals LP		16,933		225,040
Canadian Natural Resources Ltd.		14,147		478,876
Chord Energy Corp.		4,852		449,780
Civitas Resources, Inc.		20,222		547,814
Crescent Energy Co. - Class A		54,950		461,031
Dorchester Minerals LP		9,529		213,068
Kimbell Royalty Partners LP		19,809		232,954
Mach Natural Resources LP		23,629		260,864
Northern Oil & Gas, Inc.		29,817		640,171
				3,509,598

Oil & Gas Refining & Marketing - 0.9%
Sunoco LP		2,840		148,844

Oil & Gas Storage & Transportation - 31.4% ^(a)
Cheniere Energy Partners LP		2,796		149,530
Delek Logistics Partners LP		5,147		229,659
Enbridge, Inc.		9,204		440,227
Energy Transfer LP		10,544		173,871
Enterprise Products Partners LP		5,209		167,001
FLEX LNG Ltd.		31,835		794,283
Global Partners LP		3,294		137,854
Hess Midstream LP - Class A		6,048		208,656
Kinetik Holdings, Inc. ^(b)		17,436		628,568
MPLX LP		3,488		186,155
ONEOK, Inc.		6,589		484,291
Pembina Pipeline Corp.		10,872		413,788
Plains All American Pipeline LP		12,984		233,193
South Bow Corp.		22,033		605,247
Western Midstream Partners LP		5,641		222,819
				5,075,142

Specialty Chemicals - 4.0%
Eastman Chemical Co.		10,062		642,257
TOTAL COMMON STOCKS (Cost $17,610,204)				15,999,165

SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 1.2%	Shares		Value
Invesco Government & Agency Portfolio - Institutional Class, 3.68% ^(c)		189,870		189,870
TOTAL MONEY MARKET FUNDS (Cost $189,870)				189,870

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.1%	Shares		Value
First American Government Obligations Fund - Class X, 3.67% ^(c)		22,355		22,355
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $22,355)				22,355

TOTAL INVESTMENTS - 100.4% (Cost $17,822,429)				16,211,390
Liabilities in Excess of Other Assets - (0.4)%				(56,880	)
TOTAL NET ASSETS - 100.0%			$	16,154,510

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)	To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b)	All or a portion of this security is on loan as of December 31, 2025. The fair value of these securities was $21,630.
(c)	The rate shown represents the 7-day annualized yield as of December 31, 2025.

Summary of Fair Value Disclosure as of December 31, 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 December 31, 2025:

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	15,999,165	$	–	$	–	$	15,999,165
Investments Purchased with Proceeds from Securities Lending		22,355		–		–		22,355
Money Market Funds		189,870		–		–		189,870
Total Investments	$	16,211,390	$	–	$	–	$	16,211,390

Refer to the Schedule of Investments for further disaggregation of investment categories.