Amplify Natural Resources Dividend Income ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.3%
  
Shares
    
Value
 
Energy - 85.7%(a)
        
Antero Midstream Corp.
    
22,499
    
$
339,510
  
APA Corp.
    
9,095
      
210,003
  
BP PLC - ADR
    
10,573
      
312,538
  
Canadian Natural Resources Ltd.
    
7,191
      
221,986
  
Cenovus Energy, Inc.
    
10,370
      
157,105
  
Cheniere Energy Partners LP
    
6,966
      
370,034
  
Chevron Corp.
    
1,571
      
227,544
  
Chord Energy Corp.
    
1,653
      
193,269
  
Civitas Resources, Inc.
    
4,334
      
198,801
  
Coterra Energy, Inc.
    
8,173
      
208,738
  
DT Midstream, Inc.
    
2,125
      
211,289
  
Enbridge, Inc.
    
8,576
      
363,880
  
Energy Transfer LP
    
26,100
      
511,299
  
Eni SpA - ADR
    
8,720
      
238,579
  
EnLink Midstream LLC
    
13,252
      
187,516
  
Enterprise Products Partners LP
    
13,649
      
428,033
  
Equinor ASA - ADR
    
10,736
      
254,336
  
Exxon Mobil Corp.
    
1,434
      
154,255
  
HF Sinclair Corp.
    
5,931
      
207,881
  
Kinder Morgan, Inc.
    
10,224
      
280,138
  
MPLX LP
    
9,674
      
462,998
  
Murphy Oil Corp.
    
6,164
      
186,523
  
Noble Corp. PLC
    
11,023
      
346,122
  
ONEOK, Inc.
    
2,307
      
231,623
  
Ovintiv, Inc.
    
4,166
      
168,723
  
Pembina Pipeline Corp.
    
6,131
      
226,540
  
Petroleo Brasileiro SA - ADR
    
46,738
      
601,051
  
Phillips 66
    
1,468
      
167,249
  
Plains All American Pipeline LP
    
23,595
      
403,003
  
Shell PLC - ADR
    
3,392
      
212,509
  
South Bow Corp.
    
17,537
      
413,347
  
Suncor Energy, Inc.
    
5,940
      
211,939
  
Sunoco LP
    
7,148
      
367,693
  
TC Energy Corp.
    
7,044
      
327,757
  
TotalEnergies SE - ADR
    
3,688
      
200,996
  
Valero Energy Corp.
    
1,323
      
162,186
  
Western Midstream Partners LP
    
13,281
      
510,389
  
Williams Cos., Inc.
    
3,798
      
205,548
  
             
10,682,930
  
                 
Materials - 13.6%
          
B2Gold Corp.
    
75,056
      
183,137
  
Dow, Inc.
    
5,761
      
231,189
  
Eastman Chemical Co.
    
1,546
      
141,181
  
FMC Corp.
    
3,281
      
159,489
  
ICL Group Ltd.
    
63,433
      
313,359
  
LyondellBasell Industries NV - Class A
    
3,717
      
276,061
  
Mosaic Co.
    
6,540
      
160,753
  
Nutrien Ltd.
    
5,165
      
231,134
  
             
1,696,303
  
TOTAL COMMON STOCKS (Cost $12,421,312)
      
12,379,233
  
                 
SHORT-TERM INVESTMENTS - 0.7%
                
Money Market Funds - 0.7%
                
Invesco Government & Agency Portfolio – Institutional Class, 4.42% (b)
    
86,109
      
86,109
  
TOTAL SHORT-TERM INVESTMENTS (Cost $86,109)
      
86,109
  
                 
TOTAL INVESTMENTS - 100.0% (Cost $12,507,421)
      
12,465,342
  
Other Assets in Excess of Liabilities - 0.0% (c)
      
3,925
  
TOTAL NET ASSETS - 100.0%
          
$
12,469,267
  
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
ASA - Advanced Subscription Agreement
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
SE - Societas Europeae
SpA - Societa per Azioni

(a)
To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b)
The rate shown represents the 7-day annualized effective yield as of December 31, 2024.
(c)
Represents less than 0.05% of net assets.

Summary of Fair Value Disclosure as of December 31, 2024 (Unaudited)
 
Amplify Natural Resources Dividend Income ETF has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be 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, 2024:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
12,379,233
    
$
–
    
$
–
    
$
12,379,233
  
  Money Market Funds
    
86,109
      
–
      
–
      
86,109
  
Total Investments
  
$
12,465,342
    
$
–
    
$
–
    
$
12,465,342
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.