Amplify Junior Silver Miners ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.9%
  
Shares
    
Value
 
Materials - 99.9%(a)
        
AbraSilver Resource Corp. (b)
    
1,528,667
    
$
5,769,612
  
Adriatic Metals PLC (b)
    
5,083,370
      
18,922,303
  
Aftermath Silver Ltd. (b)
    
4,794,884
      
2,389,536
  
Americas Gold & Silver Corp. (b)(c)
    
5,570,774
      
4,499,514
  
Andean Precious Metals Corp. (b)
    
616,998
      
1,297,753
  
Artemis Gold, Inc. (b)
    
2,016,610
      
36,607,864
  
Avino Silver & Gold Mines Ltd. (b)(c)
    
3,700,348
      
13,321,253
  
Aya Gold & Silver, Inc. (b)(c)
    
3,584,501
      
32,180,386
  
Boliden AB (b)
    
400,353
      
12,396,560
  
Chesapeake Gold Corp. (b)
    
333,325
      
351,768
  
Cia de Minas Buenaventura SAA - ADR
    
2,854,357
      
46,868,542
  
Coeur Mining, Inc. (b)
    
20,734,671
      
183,709,185
  
Copper Fox Metals, Inc. (b)
    
2,267,043
      
431,976
  
Discovery Silver Corp. (b)
    
9,604,815
      
20,976,437
  
Dolly Varden Silver Corp. (b)
    
724,457
      
2,421,051
  
Endeavour Silver Corp. (b)(c)
    
13,982,021
      
68,791,543
  
Falco Resources Ltd. (b)(c)
    
3,133,453
      
574,103
  
First Majestic Silver Corp.
    
18,382,972
      
152,027,179
  
First Mining Gold Corp. (b)
    
9,943,615
      
1,348,163
  
Fortuna Mining Corp. (b)
    
6,809,337
      
44,533,064
  
Franco-Nevada Corp.
    
230,351
      
37,759,136
  
Fresnillo PLC
    
605,325
      
11,944,912
  
GoGold Resources, Inc. (b)
    
3,120,678
      
4,574,098
  
Guanajuato Silver Co. Ltd. (b)
    
4,480,574
      
853,755
  
Hecla Mining Co.
    
20,118,397
      
120,509,198
  
Hochschild Mining PLC
    
5,410,292
      
18,950,183
  
Hycroft Mining Holding Corp. (b)(c)
    
695,257
      
2,176,154
  
i-80 Gold Corp. (b)(c)
    
4,188,871
      
2,506,620
  
IMPACT Silver Corp. (b)
    
3,992,912
      
760,833
  
Industrias Penoles SAB de CV (b)
    
1,841,616
      
51,142,569
  
KGHM Polska Miedz SA (b)
    
1,562,907
      
55,747,828
  
Kingsgate Consolidated, Ltd. (b)
    
1,574,808
      
2,332,437
  
MAG Silver Corp.
    
2,313,359
      
48,881,276
  
McEwen Mining, Inc. (b)
    
846,440
      
8,134,288
  
OR Royalties, Inc.
    
1,872,920
      
48,152,773
  
Osisko Metals, Inc. (b)
    
5,718,572
      
1,802,115
  
Pan American Silver Corp.
    
882,412
      
25,060,501
  
Paramount Gold Nevada Corp. (b)
    
997,102
      
611,224
  
Royal Gold, Inc.
    
96,204
      
17,108,919
  
Santacruz Silver Mining Ltd. (b)
    
4,265,064
      
3,219,506
  
Seabridge Gold, Inc. (b)(c)
    
2,731,868
      
39,666,723
  
Sierra Metals, Inc. (b)
    
753,703
      
629,697
  
Silver Mines Ltd. (b)
    
35,314,764
      
2,661,510
  
Silver Storm Mining Ltd. (b)(c)
    
3,095,259
      
294,895
  
Silvercorp Metals, Inc. (c)
    
8,827,883
      
37,253,666
  
Skeena Resources Ltd. (b)
    
1,405,919
      
22,317,483
  
Sombrero Resources, Inc. (b)
    
585,867
      
53,885
  
SSR Mining, Inc. (b)
    
3,706,314
      
47,218,440
  
Trevali Mining Corp. (b)(d)
    
967,999
      
0
  
Trilogy Metals, Inc. (b)
    
2,725,473
      
3,679,389
  
Triple Flag Precious Metals Corp.
    
1,502,632
      
35,597,352
  
Tudor Gold Corp. - Class A (b)
    
1,611,561
      
602,342
  
Vizsla Silver Corp. (b)(c)
    
8,354,397
      
24,561,927
  
Volcan Cia Minera SAA (b)
    
6,914,871
      
467,682
  
Western Copper & Gold Corp. (b)(c)
    
2,525,161
      
3,156,451
  
Wheaton Precious Metals Corp.
    
873,796
      
78,466,881
  
             
1,408,274,440
  
TOTAL COMMON STOCKS (Cost $993,301,452)
      
1,408,274,440
  
                 
SHORT-TERM INVESTMENTS - 1.7%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 1.5%
  
Shares
          
First American Government Obligations Fund - Class X, 4.25% (e)
    
21,422,931
      
21,422,931
  
                 
Money Market Funds - 0.2%
  
Shares
          
Invesco Government & Agency Portfolio - Institutional Class, 4.26% (e)
    
3,034,501
      
3,034,501
  
TOTAL SHORT-TERM INVESTMENTS (Cost $24,457,432)
      
24,457,432
  
                 
TOTAL INVESTMENTS - 101.6% (Cost $1,017,758,884)
      
1,432,731,872
  
Liabilities in Excess of Other Assets - (1.6)%
      
(22,100,866
)
TOTAL NET ASSETS - 100.0%
          
$
1,410,631,006
  
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
PLC - Public Limited Company

(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)
Non-income producing security.
(c)
All or a portion of this security is on loan as of June 30, 2025. The fair value of these securities was $20,376,639.
(d)
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of June 30, 2025.
(e)
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 Junior Silver Miners 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
    
1,408,274,440
      
–
      
0
      
1,408,274,440
  
  Investments Purchased with Proceeds from Securities Lending
    
21,422,931
      
–
      
–
      
21,422,931
  
  Money Market Funds
    
3,034,501
      
–
      
–
      
3,034,501
  
Total Investments
    
1,432,731,872
      
–
      
0
      
1,432,731,872
  
   
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.